Who Has Cheap Auto Insurance for Teachers in Louisville?

Buying low-priced car insurance is easier said than done, and determining which company offers the best auto insurance rates for teachers takes even more shopping around.

Each insurer has a unique formula for determining prices, so first let’s look at the rankings for the auto insurance companies with the most affordable rates in Louisville. It’s important to know that Louisville, KY auto insurance rates are impacted by many factors that will increase or decrease the policy premium. This price variation is why drivers need to do a thorough rate comparison when trying to find cheap insurance quotes for teachers. Rates can be altered by many factors and can decrease or increase without notice, so the best price a year ago may now be quite expensive.

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Kentucky auto insurance company rankings
Rank Company Cost Per Year
1 Cincinnati Insurance $1,126
2 Kentucky Farm Bureau $1,139
3 USAA $1,187
4 Auto-Owners $1,413
5 Grange Mutual $1,561
6 Motorists Mutual $1,601
7 Travelers $1,614
8 State Farm $1,848
9 Westfield $1,870
10 Safe Auto $1,932
11 Nationwide $2,064
12 Progressive $2,119
13 Electric $2,139
14 State Auto $2,232
15 GEICO $2,341
16 Encompass $2,358
17 Safeco $2,763
18 MetLife $3,146
19 Shelter $3,231
20 Liberty Mutual $3,634
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Cincinnati Insurance has some of the cheapest car insurance rates in Louisville at around $1,126 each year. This is $1,017 less than the average rate paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual also make the cut as some of the best Louisville, KY auto insurance companies.

As the example above demonstrates, if you are insured with Kentucky Farm Bureau and switched to Cincinnati Insurance, you may see a yearly savings of around $13. Drivers with USAA might save as much as $61 a year, and Auto-Owners policyholders might reduce rates by $287 a year.

It’s important to note that these rates are averages across all insureds and vehicles and and are not figured with an exact location for teachers. So the company that has the cheapest rates for you may not even be in the list above. That is why you need to get quotes using your own driver data and vehicle information.

The vehicle driven is probably the biggest factor when shopping for the best car insurance for teachers. Vehicles with limited top-end speed, an excellent safety record, or a low likelihood of liability claims will cost quite a bit less to insure than higher performance models.

The table below outlines coverage prices for some of the cheaper vehicles to insure.

Cheapest Vehicles to Insure in Louisville, KY
Vehicle Estimated Cost for Full Coverage
Honda Accord LX-P 4-Dr Sedan $1,759
Honda CR-V EX-L 4WD $1,801
Toyota Prius $1,954
Jeep Wrangler Rubicon 4WD 2-Dr $1,978
Ford Escape Limited 2WD $2,038
Ford Edge SEL 2WD $2,050
Chevrolet Impala LT $2,091
Dodge Grand Caravan CV $2,163
GMC Sierra SLE Regular Cab 4WD $2,244
GMC Sierra 3500HD SLE Regular Cab 2WD $2,283
Toyota RAV4 Limited 4WD $2,289
Chevrolet Malibu LT $2,334
Ford F-150 XLT Crew Cab 4WD $2,342
Jeep Grand Cherokee Laredo 2WD $2,352
Toyota Camry LE $2,360
Hyundai Elantra Blue 4-Dr Sedan $2,367
Toyota Camry Hybrid $2,391
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Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Estimates do not factor in zip code location which can lower or raise premiums significantly.

Looking at the data, vehicles like the Honda Accord, Honda CR-V, Toyota Prius, Jeep Wrangler, and Ford Escape are likely to be a few of the cheaper vehicles to insure for teachers and educators.

The information below highlights how deductible selection can raise or lower insurance rates when trying to find cheap insurance for teachers. The costs are based on a single male driver, comp and collision included, and no other discounts are factored in.

As shown above, a 50-year-old driver could cut expenses by $364 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $548 by changing to a $1,000 deductible. Younger drivers, such as the Age 20 example, could roll back prices $1,214 or even more by choosing a larger deductible amount.

If you do raise deductibles, it will be necessary to have plenty of money set aside to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

How to find a good Louisville auto insurance company

Finding a highly-rated company can be challenging considering how many companies are available to choose from in Kentucky. The rank data in the lists below could help you analyze which car insurance companies to look at when comparing rates. The rankings below are only made up of large insurance companies, so companies that have a smaller presence are not taken into consideration for these rankings.

Best 15 Auto Insurance Companies for Teachers in Louisville
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

How accidents and violations affect rates in Louisville

In a perfect world, the best way to obtain the most affordable auto insurance prices for teachers and educators is to be a safe driver and not get tickets or have accidents. The chart below shows how violations and at-fault fender-benders can affect annual premium costs for each age group. The information is based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.

The data in the chart shows the average cost of auto insurance per year with a clean driving record and no accidents is $2,293. Receive two speeding tickets and the average cost surges to $3,040, an increase of $747 each year. Then add two accidents along with the two speeding tickets and the yearly cost of auto insurance for teachers jumps again to an average of $5,816. That’s an increase of $3,523, or $294 per month, just for not keeping your driving record clean!