You have most likely seen the ads from auto insurance companies like Liberty Mutual, Nationwide, and GEICO that guarantee the cheapest rates, so you should just choose any of them, right?
It’s just not that easy, however, as there are a ton of unknown factors such as if you have any tickets or accidents, if you own your own home, and if you are married or single. We will try to teach you about the causes of high insurance rates and hopefully give you enough understanding to have a solid foundation to find cheaper car insurance in Louisville.
For drivers with no prior coverage, one of the largest components that help determine car insurance rates is where you choose to live. Regions with more people or even just more weather-related claims tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive slightly lower rates.
The information below rates the most expensive cities in Kentucky for uninsured drivers to purchase car insurance in. Louisville comes in at #1 with an annual rate of $2,176 for the average insurance policy, which is about $181 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Louisville | $2,176 |
| 2 | Frankfort | $1,725 |
| 3 | Jeffersontown | $1,685 |
| 4 | Ashland | $1,656 |
| 5 | Radcliff | $1,654 |
| 6 | Saint Matthews | $1,643 |
| 7 | Madisonville | $1,600 |
| 8 | Danville | $1,596 |
| 9 | Elizabethtown | $1,595 |
| 10 | Paducah | $1,583 |
| 11 | Murray | $1,565 |
| 12 | Henderson | $1,557 |
| 13 | Covington | $1,532 |
| 14 | Winchester | $1,517 |
| 15 | Lexington | $1,514 |
| 16 | Nicholasville | $1,504 |
| 17 | Hopkinsville | $1,493 |
| 18 | Georgetown | $1,491 |
| 19 | Richmond | $1,490 |
| 20 | Florence | $1,485 |
| 21 | Erlanger | $1,463 |
| 22 | Independence | $1,422 |
| 23 | Bowling Green | $1,418 |
| 24 | Fort Thomas | $1,412 |
| 25 | Owensboro | $1,390 |
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Premium amounts are approximated as vehicle location can influence coverage rates substantially.
The car, truck, or SUV you are trying to insure is probably the biggest factor when looking for economical insurance for uninsured drivers. Vehicles with high performance features, poor safety ratings, or a track record of large liability claims will cost quite a bit more to insure than safer models. The next table ranks insurance rates for some of the most cost-effective vehicles to buy coverage for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $1,789 |
| Honda Accord EX 4-Dr Sedan | $1,794 |
| Honda CR-V EX 2WD | $2,054 |
| Ford Edge SE AWD | $2,081 |
| Volkswagen Jetta S 4-Dr Sedan | $2,121 |
| Toyota Tacoma Double Cab 4WD | $2,126 |
| Chevrolet Silverado LS Extended Cab 4WD | $2,121 |
| Toyota RAV4 4WD | $2,131 |
| Hyundai Elantra Blue 4-Dr Sedan | $2,190 |
| GMC Sierra SL Crew Cab 2WD | $2,272 |
| Toyota Prius | $2,277 |
| Chevrolet Impala LS | $2,385 |
| Hyundai Sonata Limited 4-Dr Sedan | $2,424 |
| Kia Optima EX | $2,433 |
| Toyota Camry Hybrid | $2,424 |
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Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rate quotes do not factor in vehicle garaging location which can increase or decrease coverage prices substantially.
Looking at the data, we can expect cars like the Ford Escape, Honda Accord, Honda CR-V, Ford Edge, and Volkswagen Jetta are most likely to be the more affordable vehicles to insure for drivers with no prior coverage.
The illustration below demonstrates how deductibles can change yearly insurance costs when quoting cheap insurance for uninsured drivers. The costs are based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.
The data above shows that a 30-year-old driver could reduce rates by $362 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $544 by using a $1,000 deductible. Youthful drivers, like the 20-year-old, could shave $1,062 annually by selecting a higher deductible. When choosing a higher deductible, it is necessary to have enough funds in savings to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Responsible drivers pay cheaper car insurance rates
In a perfect world, the ideal way to maintain affordable car insurance premiums in Louisville for drivers with no prior coverage is to drive cautiously and avoid at-fault accidents and violations. The diagram below shows how violations and fender-benders can drive up insurance rates for different insured age categories. The price estimates are based on a single male driver, comp and collision included, $100 deductibles, and no discounts are taken into consideration.
In the chart above, the average cost of an auto insurance policy per year with no accidents and a clean driving record is $2,552. Get written up for one speeding ticket and the average cost increases to $2,874, an increase of $321 each year. Then add in two accidents along with the one speeding ticket and the 12-month cost of car insurance for uninsured drivers increases to an average of $5,569. That’s an increase of $3,017, or $251 per month, just for not driving attentively!
Types of discounts on Louisville auto insurance rates
Car insurance companies that offer cheap quotes for uninsured drivers may also give you premium discounts that can lower rates by 35% or more if you qualify for them. Popular car insurance companies and a partial list of their discounts are included below.
- State Farm has discounts for anti-theft, student away at school, safe vehicle, defensive driving training, and Steer Clear safe driver discount.
- GEICO offers discounts including seat belt use, multi-vehicle, daytime running lights, driver training, and anti-lock brakes.
- Allstate discounts include senior citizen, safe driver, anti-theft, teenSMART discount, and early signing.
- SAFECO may have discounts that include anti-theft, anti-lock brakes, drive less, teen safety rewards, homeowner, safe driver, and bundle discounts.
- Farm Bureau may offer discounts for multi-policy, good student, youthful driver, driver training, safe driver, and multi-vehicle.
- Progressive policyholders can earn discounts including homeowner, continuous coverage, online signing, multi-vehicle, multi-policy, good student, and online quote discount.
- AAA has savings for multi-car, AAA membership discount, anti-theft, good student, good driver, education and occupation, and multi-policy.
The illustration below illustrates the difference between insurance costs with and without policy discounts. The data is based on a male driver, no claims or driving citations, Kentucky state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with vehicle safety, claim-free, marriage, homeowner, multiple policy, and safe-driver discounts applied. When taking advantage of discounts, the average amount saved each year on car insurance for uninsured drivers is 28% or $575.
How to find budget-friendly insurance for uninsured drivers
The list below details a few money-saving suggestions that can help Louisville drivers buy low-cost car insurance.
- Buy a safer vehicle
- Avoid speeding and other traffic citations and pay less
- Too many claims can make car insurance unaffordable
- Good credit scores may lower your rates
- Avoid having at-fault accidents
- Keep rates low by shopping around frequently
That final tip is highly necessary, as we emphasized in this article. Auto insurance prices fluctuate considerably, so drivers shouldn’t hesitate to change insurance companies if a lower price can be found.
Having a favorite company is fine, but it isn’t a good idea if that loyalty results in overpaying a fortune every year. If you have a few minutes, shop around to find cheaper insurance for uninsured drivers in Louisville.