The words “affordable” and “auto insurance” really shouldn’t be used in the same sentence, specifically when looking for the cheapest coverage for postal workers. Because of the high cost, let’s teach you a few of the things the can have a considerable influence on auto insurance prices, and come up with some ways to slash the price of the next policy you buy.
Comparing rates for cheap car insurance is not easy, and determining which companies have the most affordable auto insurance rates for postal workers will require even more perseverance.
Every insurance provider has a unique formula for determining prices, so let’s rank the auto insurance companies with the overall cheapest rates in Louisville, KY. It’s a good idea to be aware that Kentucky auto insurance rates are based on many factors that will increase or decrease the policy premium. Simply improving your credit, buying a different vehicle, or getting into an accident can trigger price changes that can make some companies less affordable than competitors.
Find the Best Cheap Insurance for USPS Employees
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,115 |
| 2 | Kentucky Farm Bureau | $1,174 |
| 3 | USAA | $1,175 |
| 4 | Auto-Owners | $1,371 |
| 5 | Grange Mutual | $1,577 |
| 6 | Motorists Mutual | $1,601 |
| 7 | Travelers | $1,631 |
| 8 | State Farm | $1,812 |
| 9 | Westfield | $1,888 |
| 10 | Safe Auto | $1,913 |
| 11 | Nationwide | $2,003 |
| 12 | Progressive | $2,140 |
| 13 | Electric | $2,160 |
| 14 | State Auto | $2,188 |
| 15 | Encompass | $2,288 |
| 16 | GEICO | $2,341 |
| 17 | Safeco | $2,681 |
| 18 | MetLife | $3,053 |
| 19 | Shelter | $3,263 |
| 20 | Liberty Mutual | $3,634 |
| Get Personalized Rates Go | ||
Cincinnati Insurance offers some of the cheapest car insurance rates in Louisville at around $1,115 per year. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual are also some of the more affordable Louisville, KY insurance companies.
As the example above demonstrates, if you are currently insured with Auto-Owners and switched to Kentucky Farm Bureau, you may realize an annual premium reduction of roughly $197. Drivers with Grange Mutual could save as much as $403 a year, and Motorists Mutual insureds might reduce prices by as much as $427 a year.
It’s important to note that these rates are averages across all types of insureds and vehicles and do not factor in an exact zip code location for postal workers. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That underscores the importance of why you need to compare as many prices as possible using your own individual information.
For postal employees, one of the big considerations that are looked at to determine the annual cost of car insurance is where you keep your vehicle. Cities with more crime and/or more people are more likely to pay higher prices, whereas more rural areas have the luxury of cheap car insurance rates.
The illustration below rates the most expensive areas in Kentucky for postal workers to purchase a policy in. Louisville comes in at #1 with an annual cost of $2,090 for the average insurance policy, which is about $174 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Louisville | $2,090 |
| 2 | Frankfort | $1,742 |
| 3 | Saint Matthews | $1,711 |
| 4 | Jeffersontown | $1,685 |
| 5 | Ashland | $1,673 |
| 6 | Radcliff | $1,654 |
| 7 | Paducah | $1,599 |
| 8 | Murray | $1,597 |
| 9 | Winchester | $1,563 |
| 10 | Madisonville | $1,552 |
| 11 | Elizabethtown | $1,547 |
| 12 | Georgetown | $1,536 |
| 13 | Danville | $1,534 |
| 14 | Covington | $1,517 |
| 15 | Lexington | $1,514 |
| 16 | Henderson | $1,495 |
| 17 | Richmond | $1,490 |
| 18 | Florence | $1,485 |
| 19 | Hopkinsville | $1,478 |
| 20 | Nicholasville | $1,474 |
| Get a Custom Quote Go | ||
Premium costs are comparative as the specific zip code location can decrease or increase auto insurance rates considerably.
Selecting a good quality auto insurance provider can be a challenge considering how many companies sell coverage in Louisville. The information in the lists below could help you decide which providers to look at when comparing insurance rates for postal workers. These rankings only include companies with a nationwide focus, so companies that may only write in Kentucky are not factored into these rankings.
| 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 |
| Erie Insurance | 87 | 84 | 85 | 85% | A+ | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
The chart below demonstrates how deductibles can increase or decrease yearly insurance costs when searching for cheap insurance for postal workers. Data assumes a married female driver, full coverage, and no discounts are applied.
A 40-year-old driver could lower rates by $266 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $402 by using a $1,000 deductible. Young drivers, such as the 20-year-old chart data, could shave $662 or even more just by choosing larger deductibles. When choosing a higher deductible, it’s a good idea to have enough savings to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Full coverage rates vs. liability-only in Louisville
Reducing the cost of auto insurance is probably important to the majority of people, and an effective way to find cheaper insurance for postal workers is to not buy comprehensive and collision coverage. The example below illustrates the difference between auto insurance costs with full coverage compared to only the Kentucky minimum liability coverage. The premiums assume no accidents, no driving violations, $100 deductibles, drivers are not married, and no policy discounts are applied.
If all age groups are averaged, comprehensive and collision coverage on your policy costs $2,508 per year over and above liability only. Many of you may wonder if physical damage coverage is worth the money. There is no exact rule to delete full coverage, but there is a general guideline. If the annual cost of having full coverage is 10% or more of the settlement you would receive from your company, then you might want to consider buying only liability coverage.
For example, let’s pretend your vehicle’s replacement cost is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $4,000 after paying the physical damage deductible. If premium cost is more than $400 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
The insurance agents in Louisville listed below are a good start to provide answers to your questions and help you determine which auto insurance policy fits you best, since some drivers have questions and prefer to get some professional input when trying to find the best insurance rates for postal employees. It’s not always simple to find the cheapest car insurance policy, so getting professional guidance from a licensed agent can give comfort knowing your policy gives you suitable coverage if you ever need to use it. To locate a Louisville auto insurance agent near you, click the link at the bottom.
David Franck – State Farm Insurance Agent
8217 Shelbyville Rd – Louisville, KY 40222 – (502) 339-1400
Carmel Stauffer – State Farm Insurance Agent
3805 Poplar Level Rd – Louisville, KY 40213 – (502) 375-1744
Jeff Kleier – State Farm Insurance Agent
13303 Magisterial Dr – Louisville, KY 40223 – (502) 882-1855
Sam Wheeler – State Farm Insurance Agent
2902 Bardstown Rd – Louisville, KY 40205 – (502) 459-9700
Find a Louisville, KY insurance agent near you
How to find low-cost insurance for postal workers
Here are some of the better money-saving solutions that can help you get cheap coverage.
- Drop full coverage on older vehicles
- Do not get into accidents that are your fault
- You will pay more if you get tickets or have at-fault accidents
- Try to not file small claims
- Increase physical damage deductibles
- Comparison shop at least once a year
The last item on the list is certainly necessary, as we discussed in this piece. Rates adjust often, so drivers shouldn’t be resistant to buy from a new company if a lower price can be found. We understand brand loyalty, but it’s not recommended if your bullheadedness ends up costing you a small fortune. Spend a few minutes and shop around and find cheaper insurance for postal workers in Louisville.