Who Has Cheap Louisville Auto Insurance for Hybrid Vehicles?

The words “low-priced” and “insurance” really should not be used together, especially when searching for the cheapest coverage for hybrid vehicles. Because of the high cost, let’s go over some of the things that impact auto insurance prices, and come up with some ways to reduce the cost of your next policy.

The type of vehicle that needs insurance is a significant factor when shopping for the lowest-priced car insurance for hybrid vehicles. Vehicles with higher performance, poor passenger safety features, or a track record of large liability claims will cost significantly more to insure than more economical and safe models. The list below features auto insurance premiums for a handful of the more affordable vehicles to insure.

Cheapest Vehicles to Insure in Louisville, KY
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 2WD $1,778
Honda Accord LX-P 4-Dr Sedan $1,786
Ford Escape Limited 2WD $1,817
Toyota Prius $1,970
Jeep Wrangler Sahara 4WD 2-Dr $1,995
Toyota RAV4 Sport 2WD $2,109
Ford Focus SEL 4-Dr Sedan $2,184
Honda Odyssey EX-L W/Rear Entertainment $2,223
GMC Sierra SLE Crew Cab 2WD $2,262
Nissan Altima Hybrid 4-Dr Sedan $2,268
Jeep Grand Cherokee SRT-8 4WD $2,262
GMC Sierra 2500HD SLE Regular Cab 4WD $2,267
Ford F-150 FX2 Super Cab 2WD $2,265
Chevrolet Malibu LS $2,310
Chevrolet Impala LS $2,322
Dodge Grand Caravan SXT $2,356
Ford Explorer Limited 4WD $2,364
Volkswagen Jetta S 4-Dr Sedan $2,377
Honda Civic LX 4-Dr Sedan $2,389
Toyota Camry Hybrid $2,413
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Rate quotes do not factor in your specific Louisville, KY location which can change rates noticeably.

Based upon the rates shown, we can infer that makes and models like the Honda CR-V, Honda Accord, Ford Escape, Toyota Prius, and Jeep Wrangler are the cheapest vehicles to insure for hybrids.

Finding cheap car insurance is not always easy, and figuring out which companies have the lowest-priced insurance rates for hybrid vehicles takes additional perseverance. Each auto insurer has a proprietary method to determine rates, so let’s rank the overall cheapest insurance companies in Louisville, KY.

It’s important that readers know that Louisville, KY insurance rates are determined by lots of factors which can substantially decrease or increase the price you have to pay for coverage. This is why it is so important to compare lots of rates when trying to get cheap auto insurance rates for hybrid vehicles. Insurance rates are impacted by many different factors and can decrease or increase without notice, so the most affordable company six months ago may now be priced much higher than other options.

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Kentucky car insurance ranked by cost per year
Rank Company Cost Per Year
1 Cincinnati Insurance $1,115
2 Kentucky Farm Bureau $1,139
3 USAA $1,187
4 Auto-Owners $1,399
5 Motorists Mutual $1,617
6 Grange Mutual $1,625
7 Travelers $1,631
8 State Farm $1,812
9 Westfield $1,814
10 Safe Auto $1,932
11 Nationwide $2,003
12 Progressive $2,056
13 Electric $2,097
14 State Auto $2,232
15 Encompass $2,312
16 GEICO $2,413
17 Safeco $2,763
18 Shelter $3,135
19 MetLife $3,146
20 Liberty Mutual $3,744
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Cincinnati Insurance normally has some of the cheapest car insurance rates in Louisville at around $1,115 annually. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also make the cut as some of the cheapest Louisville, KY insurance companies.

As shown in the table above, if you currently have coverage with USAA and switched to Cincinnati Insurance, you could earn a yearly price reduction of about $72. Insureds with Auto-Owners could save as much as $284 a year, and Motorists Mutual insureds might reduce rates by $502 a year.

To find out how your current rates compare, click here to start a quote or visit any of the low-priced companies below.

Bear in mind that those estimates are averages across all drivers and vehicles and do not take into consideration an exact location for hybrid vehicles. So the insurer that can offer you the lowest price may not even be in the top 21 companies in the list above. That is why you need to get rate quotes from many companies using your own specific driver information and vehicle.

Ending up with the highest-rated insurance provider can be rather challenging considering how many companies there are to choose from in Louisville. The information displayed below could help you analyze which insurers you want to consider when shopping your coverage around.

These ratings are only comprised of the largest companies in America, so smaller companies that only insure vehicles in Kentucky will not be included in the list. To view rates from the insurers below and more, simply click here.

Best 15 Insurance Companies for Hybrid Vehicles in Kentucky
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
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Data Source: Insure.com Best Car Insurance Companies

The chart below illustrates how your choice of deductibles can raise or lower yearly insurance costs when researching cheap insurance for hybrid vehicles. The price estimates are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.

The chart above illustrates that a 40-year-old driver could cut expenses by $226 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $344 by using a $1,000 deductible. Even younger drivers, like the 20-year-old, could potentially save up to $756 annually by using a higher deductible.

When using a larger deductible, it will be important to have enough savings to allow you to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Low rates today, overpriced tomorrow

Louisville, KY insurance rates are determined by lots of factors that may substantially change the price you have to pay. Simply turning a year older, increasing deductibles, or having a fender bender can trigger rate changes that may make certain companies more affordable than before.

Not only that, but companies change their prices every year in order to offset underwriting gains or losses. Higher than normal claim frequency or severity can result in additional premium costs, while a lower level of claims can cause cheaper Louisville car insurance rates.

To illustrate this point, the data below shows the companies that have the cheapest car insurance in Louisville, KY for a 30-year-old male driver with a good driving record, no prior claims, and good financial standing. When quoting prices based on his current risk profile, Cincinnati Insurance has the lowest car insurance rates in Louisville at $1,627 per year. This is $516 less than the average policy premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual are the remaining best Louisville, KY auto insurance companies.

Now we will pretend the driver in the first example a chargeable claim, less-than-perfect credit, and a speeding ticket. Since every insurance provider has their own unique process to set policy rates, comparing rates could now result in a significantly different list of the cheapest Louisville car insurance companies as shown below.

Kentucky Farm Bureau now has the cheapest rate in Louisville, KY with Motorists Mutual, USAA, Cincinnati Insurance, and State Farm completing the list. This example illustrates why it is important to compare many different companies to get the most affordable car insurance quotes for hybrid vehicles. Insurance prices are calculated by many factors and can increase or decrease at any time, so the best option the last time you shopped around may now be costing you a lot of money.