You’ve seen the commercials from companies like GEICO and Progressive that claim huge savings. So you should just pick one randomly, right?
Unfortunately, it’s not that simple as there are a ton of unknowns like whether or not you own a home, if you have a lapse in coverage, and whether you are male or female, that all impact the price you pay. The content below covers the best ways to avoid overpriced car insurance and also should give you a good start in finding the cheapest insurance.
For high mileage drivers, one of the more important considerations that are looked at to determine the amount you pay for auto insurance is where you live in Louisville. More populated areas will most likely have higher rates, whereas areas with lower crime rates and fewer weather claims tend to receive slightly lower rates.
The illustration below shows the most costly cities in Kentucky for high mileage drivers to buy car insurance in. Louisville shows up at #1 with an annual premium of $2,154 on average, which is approximately $180 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Louisville | $2,154 |
| 2 | Frankfort | $1,742 |
| 3 | Ashland | $1,707 |
| 4 | Jeffersontown | $1,685 |
| 5 | Saint Matthews | $1,643 |
| 6 | Paducah | $1,631 |
| 7 | Elizabethtown | $1,611 |
| 8 | Radcliff | $1,590 |
| 9 | Madisonville | $1,552 |
| 10 | Murray | $1,549 |
| 11 | Danville | $1,549 |
| 12 | Henderson | $1,541 |
| 13 | Nicholasville | $1,519 |
| 14 | Winchester | $1,501 |
| 15 | Lexington | $1,499 |
| 16 | Georgetown | $1,491 |
| 17 | Richmond | $1,490 |
| 18 | Florence | $1,485 |
| 19 | Hopkinsville | $1,478 |
| 20 | Covington | $1,472 |
| 21 | Fort Thomas | $1,440 |
| 22 | Independence | $1,436 |
| 23 | Erlanger | $1,420 |
| 24 | Bowling Green | $1,418 |
| 25 | Owensboro | $1,376 |
| Find Cheaper Rates Go | ||
Rate quotes are approximated as the vehicle garaging location can change coverage prices considerably.
The vehicle you are trying to insure is one of the biggest factors when trying to find cheap car insurance for high mileage drivers. Vehicles with average performance, a great safety record, or a low likelihood of liability claims will cost quite a bit less to insure than high performance models.
The list below outlines auto insurance rates for the most budget-friendly vehicles to insure in Kentucky.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $1,817 |
| Honda CR-V EX-L 2WD | $2,108 |
| Toyota RAV4 2WD | $2,151 |
| Hyundai Elantra SE Touring Station Wagon | $2,163 |
| Ford F-150 Lariat Super Cab 4WD | $2,193 |
| Chevrolet Malibu LT | $2,201 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $2,215 |
| Ford Explorer XLT AWD | $2,224 |
| Honda Civic LX 4-Dr Sedan | $2,227 |
| Ford Edge Limited AWD | $2,266 |
| Toyota Prius | $2,275 |
| GMC Sierra SLE Crew Cab 4WD | $2,309 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $2,314 |
| Dodge Ram Quad Cab ST 4WD | $2,345 |
| Honda Odyssey EX | $2,373 |
| Toyota Tacoma 2WD | $2,378 |
| Honda Accord EX 2-Dr Coupe | $2,418 |
| Start a Quote Go | |
Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Information does not factor in your specific Louisville, KY location which can affect premiums substantially.
By looking at the data, you can expect makes and models like the Ford Escape, Honda CR-V, and Toyota RAV4 should be a few of the cheaper vehicles to insure for high mileage drivers.
Finding out which insurers offer the cheapest insurance rates for high mileage drivers requires a tad more effort than just quoting one company’s rates. Every car insurance company uses their own calculation for setting prices, so let’s take a look at the insurance companies with the overall best prices in Louisville.
Keep in mind that Louisville, KY insurance rates are impacted by many things which can significantly increase or decrease the policy price. Simply having another birthday, increasing deductibles, or getting a DUI can produce rate changes that can cause some rates to be cheaper than others.
Best Auto Insurance Prices in Kentucky
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,082 |
| 2 | Kentucky Farm Bureau | $1,163 |
| 3 | USAA | $1,187 |
| 4 | Auto-Owners | $1,371 |
| 5 | Motorists Mutual | $1,553 |
| 6 | Grange Mutual | $1,625 |
| 7 | Travelers | $1,680 |
| 8 | Westfield | $1,814 |
| 9 | State Farm | $1,848 |
| 10 | Safe Auto | $1,932 |
| 11 | Nationwide | $2,003 |
| 12 | Progressive | $2,077 |
| 13 | Electric | $2,160 |
| 14 | State Auto | $2,188 |
| 15 | Encompass | $2,312 |
| 16 | GEICO | $2,437 |
| 17 | Safeco | $2,763 |
| 18 | MetLife | $3,084 |
| 19 | Shelter | $3,263 |
| 20 | Liberty Mutual | $3,598 |
| Find Cheaper Rates Go | ||
Cincinnati Insurance may offer some of the cheapest car insurance rates in Louisville at around $1,082 a year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also make the cut as some of the lowest-priced Louisville, KY insurance companies.
In this example, if you are a policyholder with Motorists Mutual and switched to Kentucky Farm Bureau, you might achieve savings of around $390. Insureds with Grange Mutual could save as much as $462 a year, and Travelers policyholders might reduce rates by $517 a year.
To find cheaper insurance rates for your vehicle, click here to start your free quote or click several companies below for low rates.
Bear in mind that those premiums are averages across all drivers and vehicles in Kentucky and and are not calculated with a specific location for high mileage drivers. So the company that fits you best may not even be in the list above. That is why you need to get car insurance quotes using your own driver information and specific vehicle type.
The information below highlights how deductible selection can increase or decrease insurance prices when quoting cheap insurance for high mileage drivers. The rates are based on a single female driver, full coverage, and no additional discounts are factored in.
As shown above, a 40-year-old driver could save $256 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $390 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old, can save as much as $656 or even more just by choosing higher deductibles.
When raising deductibles, it’s a good idea to have spare funds to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Discounts on Louisville car insurance rates
Car insurance companies that offer quotes for high mileage drivers may also provide policy discounts that could reduce prices by as much as 35% if you are eligible to receive them. Large insurance companies and a partial list of their discounts include:
- 21st Century has savings for 55 and older, good student, student driver, early bird, anti-lock brakes, and homeowners.
- State Farm offers discounts including safe vehicle, anti-theft, passive restraint, good driver, multiple autos, good student, and student away at school.
- AAA may include discounts for multi-policy, education and occupation, anti-theft, multi-car, and good student.
- Liberty Mutual offers premium reductions for multi-policy, newly married, new graduate, good student, and new vehicle discount.
- Progressive includes discounts for multi-vehicle, multi-policy, good student, online quote discount, continuous coverage, and online signing.
The diagram below illustrates the difference between insurance costs with and without discounts. The price estimates are based on a female driver, no driving violations, no at-fault accidents, Kentucky state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with passive restraint, multiple vehicle, accident-free, multiple policy, claim-free, and homeowner discounts applied. When drivers take advantage of discounts, theamount saved on insurance for high mileage drivers is 28% or $494.
How accidents and violations affect rates
One of the best ways to get the most affordable insurance prices in Kentucky for high mileage drivers is to drive safely and maintain a clean driving record. The example below demonstrates how traffic citations and accident claims drive up insurance rates for different ages of insureds. The data is based on a married female driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.
In the example above, the average cost of auto insurance in Kentucky per year with no violations or accidents is $1,325. Receive two speeding tickets and the average cost hikes up to $1,881, an increase of $556 each year. Then include one accident along with the two speeding tickets and the annual cost of insurance for high mileage drivers goes up to an average of $2,436. That’s an increase of $1,111, or $93 per month, just for not driving carefully!