It’s hard to avoid all the commercials from companies like The General, State Farm, and Farmers claiming big savings. So drivers just need to pick the company with the cutest commercial, right?
It’s not that easy, however, as there are a ton of unknown elements such as how safe your vehicle is, what deductibles to use for physical damage coverage, the annual mileage you drive, and the likelihood of vehicle theft where you live, that all influence how much you pay for auto insurance. If you keep reading, we will teach you about the best ways to save on auto insurance and will hopefully give the reader a good start in finding the cheapest insurance in Kentucky.
Finding out which company offers the cheapest auto insurance rates for 20 year old women calls for a tad more effort in order to find the best price. Each auto insurer has their own process to set policy rates, so let’s take a look at the lowest cost auto insurance companies in Louisville, KY.
Keep in mind that Louisville auto insurance rates are calculated based on many things that will increase or decrease the cost of your policy. Simply having another birthday, having a teenage driver, or getting a speeding ticket may prompt premium changes resulting in some companies being cheaper than competitors.
Compare Cheap Insurance Quotes for Women Age 20
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,126 |
| 2 | Kentucky Farm Bureau | $1,128 |
| 3 | USAA | $1,223 |
| 4 | Auto-Owners | $1,399 |
| 5 | Motorists Mutual | $1,569 |
| 6 | Grange Mutual | $1,609 |
| 7 | Travelers | $1,631 |
| 8 | Westfield | $1,832 |
| 9 | State Farm | $1,848 |
| 10 | Safe Auto | $1,913 |
| 11 | Nationwide | $2,064 |
| 12 | Electric | $2,097 |
| 13 | Progressive | $2,140 |
| 14 | State Auto | $2,166 |
| 15 | Encompass | $2,358 |
| 16 | GEICO | $2,365 |
| 17 | Safeco | $2,709 |
| 18 | MetLife | $3,146 |
| 19 | Shelter | $3,167 |
| 20 | Liberty Mutual | $3,634 |
| Get a Custom Quote Go | ||
Cincinnati Insurance may have some of the lowest car insurance rates in Louisville at around $1,126 each year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also are some of the more affordable Louisville, KY auto insurance companies.
As shown in the rates above, if you currently have coverage with Auto-Owners and switched to Kentucky Farm Bureau, you could realize a yearly price reduction of in the neighborhood of $271. Kentucky drivers with Motorists Mutual might save as much as $441 a year, and Grange Mutual insureds might reduce rates by $481 a year.
Bear in mind that those estimates are averages for all ages of drivers and types of vehicles and and are not calculated with an exact vehicle garaging location for 20 year old women. So the auto insurance company that fits you best may not even be in the top 21 companies in the list above. That points out the importance of why you need to quote rates from as many companies as possible using your own individual information.
One of the more important factors that determine auto insurance rates is the neighborhood you call home in Louisville. Areas with more people or even just a higher incidence of claims are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims have the enjoyment of a little cheaper coverage.
The illustration below rates the most expensive cities in Kentucky for 20 year old women to buy an auto insurance policy in. Louisville makes the list at #1 with a yearly premium of $2,154 for the average policyholder, which is approximately $180 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Louisville | $2,154 |
| 2 | Frankfort | $1,742 |
| 3 | Jeffersontown | $1,719 |
| 4 | Saint Matthews | $1,694 |
| 5 | Ashland | $1,673 |
| 6 | Radcliff | $1,654 |
| 7 | Paducah | $1,647 |
| 8 | Elizabethtown | $1,595 |
| 9 | Danville | $1,581 |
| 10 | Madisonville | $1,552 |
| 11 | Murray | $1,549 |
| 12 | Richmond | $1,535 |
| 13 | Georgetown | $1,506 |
| 14 | Winchester | $1,501 |
| 15 | Henderson | $1,495 |
| 16 | Covington | $1,487 |
| 17 | Independence | $1,480 |
| 18 | Hopkinsville | $1,478 |
| 19 | Erlanger | $1,478 |
| 20 | Nicholasville | $1,474 |
| 21 | Lexington | $1,469 |
| 22 | Fort Thomas | $1,455 |
| 23 | Owensboro | $1,432 |
| 24 | Florence | $1,427 |
| 25 | Bowling Green | $1,418 |
| Find Cheaper Rates Go | ||
Table data uses estimated as zip code location can revise prices considerably.
The car, truck, or SUV you are seeking coverage for is one of the biggest factors when shopping for the most affordable insurance for 20 year old women. Vehicles with more horsepower, poor safety features, or a history of substantial liability claims will cost much more to insure than more economical and safe models. The data below outlines coverage costs for a handful of the most economical vehicles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $4,162 |
| Ford Escape XLT 4WD | $4,167 |
| Honda Accord EX-L 4-Dr Sedan | $4,426 |
| Toyota Prius | $4,488 |
| Ford F-150 XL Regular Cab 4WD | $4,599 |
| Ford Explorer XLT 2WD | $4,609 |
| Volkswagen Jetta SE 2.5 Station Wagon | $4,751 |
| Honda Odyssey EX | $4,801 |
| Honda Civic DX 4-Dr Sedan | $4,810 |
| Ford Focus SE 4-Dr Sedan | $4,801 |
| Toyota RAV4 Limited 4WD | $4,863 |
| Chevrolet Malibu LS | $4,873 |
| Jeep Grand Cherokee Laredo 4WD | $4,863 |
| GMC Sierra SLE Regular Cab 2WD | $4,869 |
| Ford Fusion S 4-Dr Sedan | $4,863 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $4,925 |
| Dodge Grand Caravan Crew | $4,933 |
| Ford F-350 XL Super Cab 2WD | $4,984 |
| Ford Edge Limited AWD | $5,126 |
| Chevrolet Impala LTZ | $5,136 |
| Compare Cheap Rates Go | |
Data rating is based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in garaging location in Louisville, KY which can influence coverage prices noticeably.
Based upon these rates, makes and models like the Honda CR-V, Ford Escape, and Honda Accord should be the cheaper vehicles to insure for young women. The cost of a car insurance policy will trend higher just because there is more risk for 20 year old women, but generally speaking those vehicles will have the lowest insurance prices available.
Get discount Louisville auto insurance
Insurance providers that offer coverage for 20 year old women could also offer special discounts that could potentially reduce rates by 30% or more if you can meet the requirements. A list of companies and a summarized list of policyholder discounts are included below.
- GEICO offers discounts including anti-theft, emergency military deployment, daytime running lights, federal employee, and anti-lock brakes.
- SAFECO has discounts for accident prevention training, multi-car, teen safe driver, bundle discounts, teen safety rewards, and anti-theft.
- State Farm policyholders can earn discounts including safe vehicle, multiple autos, Drive Safe & Save, driver’s education, accident-free, and anti-theft.
- MetLife has savings for claim-free, accident-free, defensive driver, multi-policy, good student, and good driver.
- 21st Century offers discounts for driver training, automatic seat belts, air bags, good student, homeowners, and 55 and older.
- Progressive may offer discounts for continuous coverage, online quote discount, multi-policy, online signing, good student, and multi-vehicle.
The example below shows the difference between yearly insurance costs with and without discounts applied to the policy premium. The costs are based on a female driver, no driving violations, no at-fault accidents, Kentucky state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with passive restraint, anti-theft, good student, paperless filing, vehicle safety, and continuous coverage discounts applied. In this example, theaverage amount saved on auto insurance for 20 year old women is 21% or $312.
Does it make sense to buy full coverage?
Saving money when shopping for auto insurance is probably important to the majority of vehicle owners, and one way to lower the cost of insurance for 20 year old women is to buy only liability coverage. The example below illustrates the difference between car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are factored in.
On average, comprehensive and collision coverage on your policy costs an additional $1,873 per year more than just buying liability insurance. Many people question if buying full coverage is a good investment. There is no clear-cut formula of when to exclude full coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s assume your vehicle’s replacement value is $8,500 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $7,500 after the deductible is paid. If it’s costing in excess of $750 annually for your policy with full coverage, then you may need to consider dropping full coverage.
How accidents and tickets impact rates
The common sense way to snag good auto insurance premiums for young women is to pay attention while driving and avoid accidents and traffic violations. The example below illustrates how speeding tickets and accident claims can impact auto insurance costs for each different age category. Data assumes a single male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.
In the previous example, the average cost of car insurance per year with no violations or accidents is $2,055. Receive one speeding ticket and the average cost rises to $2,318, an increase of $263 each year. Now include two accidents along with the one speeding ticket and the yearly cost of auto insurance for 20 year old women increases to an average of $4,692. That’s an increase of $2,637, or $220 per month, just for a couple of infractions!
If you like to have a consultation when trying to find the best insurance rates for 20 year old women, the insurance agencies below are willing to help you make a decision which auto insurance coverages would be the best in your situation. To locate an agency nearest to you, click the button following the list.
- Milt Nugent – State Farm Insurance Agent
1005 Dupont Square N – Louisville, KY 40207 – (502) 897-6426 - Corey Insurance Agency
3832 Taylorsville Rd #1 – Louisville, KY 40220 – (502) 473-7910 - Ivy Brito – State Farm Insurance Agent
4919 Dixie Hwy b – Louisville, KY 40216 – (502) 449-1362 - David Franck – State Farm Insurance Agent
8217 Shelbyville Rd – Louisville, KY 40222 – (502) 339-1400 - Rudy Scheynost – State Farm Insurance Agent
7619 Dixie Hwy – Louisville, KY 40258 – (502) 937-5256