If your goal is the lowest price, then the best way to find low-cost car insurance rates in Louisville is to regularly compare prices from providers in Kentucky.
First, take a few minutes and learn about how auto insurance works and the things you can control to drop your rates. Many risk factors that are responsible for high rates such as careless driving and an imperfect credit history can be controlled by making small lifestyle or driving habit changes. Later in this article we will cover information to help find cheaper rates and get bigger discounts.
Second, obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from one company like Progressive or Farmers Insurance, while agents who are independent can give you price quotes for many different companies.
Third, compare the new rates to the premium of your current policy and see if you can save money. If you find a lower rate and decide to switch, verify that coverage does not lapse between policies.
Fourth, provide notification to your current company of your intent to cancel your current car insurance policy and submit payment along with a signed and completed policy application to the new company. As soon as coverage is bound, keep the new proof of insurance certificate with your registration paperwork.
The critical component of shopping around is to try to compare the same liability limits and deductibles on every quote and and to look at every insurance company. Doing this provides a fair rate comparison and a good representation of prices.
It’s safe to assume that car insurance companies don’t want their policyholders to compare prices. Drivers who shop for lower rates will presumably switch to a new company because there are good odds of finding a more affordable policy premium. A recent survey revealed that drivers who did price comparisons regularly saved over $850 each year as compared to drivers who never shopped around for better prices.
If finding the cheapest price for Ford F-150 insurance in Louisville is your ultimate target, then having some knowledge of how to find and compare coverage rates can help you be more efficient.
If you have a policy now or are just looking to switch companies, use these tips to reduce the price you pay and still get good coverage. Locating the best rates in Louisville seems hard but is not really that difficult. Drivers just need to know the most effective way to get comparison rates from many different companies.
Louisville auto insurance discounts
Companies don’t always publicize the entire discount list very clearly, so we break down some of the more common and also the lesser-known ways to save on auto insurance.
- Online Discount – Certain auto insurance companies will give you a small discount for buying your policy on their website.
- Discount for Passive Restraints – Cars that have air bags and/or automatic seat belt systems may earn rate discounts of up to 25% or more.
- Louisville Homeowners Discount – Just being a homeowner can save a few bucks since owning and maintaining a home is proof that your finances are in order.
- Early Signing – Some insurance companies give discounts for renewing your policy prior to the expiration date on your current F-150 insurance policy. It can save you around 10%.
- Good Driver Discounts – Insureds without accidents can save up to 40% or more on their Louisville car insurance quote compared to accident prone drivers.
- Multi-car Discount – Buying coverage for multiple cars or trucks on a single policy qualifies for this discount.
Drivers should understand that some of the credits will not apply to all coverage premiums. Most cut specific coverage prices like physical damage coverage or medical payments. Even though the math looks like you would end up receiving a 100% discount, nobody gets a free ride.
The example below visualizes the comparison of Ford F-150 insurance rates with and without discounts applied to the policy premium. The costs are based on a female driver, no claims or driving citations, Kentucky state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, safe-driver, marriage, multi-car, and homeowner discounts applied.
Companies and a summarized list of policyholder discounts include:
- GEICO may include discounts for anti-theft, driver training, good student, daytime running lights, and emergency military deployment.
- Auto-Owners Insurance offers discounts including group or association, air bags, anti-theft, teen driver, and safe vehicle.
- American Family has savings for bundled insurance, Steer into Savings, air bags, TimeAway discount, multi-vehicle, and good student.
- Esurance policyholders can earn discounts including safety device, DriveSense, online shopper, good student, defensive driver, and anti-lock brakes.
- Progressive includes discounts for good student, online quote discount, multi-vehicle, multi-policy, and continuous coverage.
- State Farm discounts include anti-theft, student away at school, Drive Safe & Save, good student, defensive driving training, good driver, and passive restraint.
- AAA offers discounts for good driver, anti-theft, education and occupation, pay-in-full, multi-car, AAA membership discount, and good student.
Before purchasing a policy, check with each company to apply every possible discount. Some of the discounts discussed earlier may not apply in every state. To view insurers who offer auto insurance discounts in Kentucky, click here to view.
The companies shown below are ready to provide price quotes in Louisville, KY. If your goal is to find the best car insurance in KY, we recommend you visit several of them to get the best price comparison.
Coverage statistics and figures
The premium table displayed below highlights different coverage costs for Ford F-150 models. Being able to understand how rate quotes are determined can be useful when making smart choices when selecting a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|F-150 XL Regular Cab 2WD||$178||$220||$326||$20||$98||$842||$70|
|F-150 STX Regular Cab 2WD||$178||$282||$326||$20||$98||$904||$75|
|F-150 XL Super Cab 2WD||$178||$282||$326||$20||$98||$904||$75|
|F-150 XLT Regular Cab 2WD||$178||$282||$326||$20||$98||$904||$75|
|F-150 STX Super Cab 2WD||$178||$282||$326||$20||$98||$904||$75|
|F-150 XL Crew Cab 2WD||$206||$282||$326||$20||$98||$932||$78|
|F-150 XLT Super Cab 2WD||$206||$282||$326||$20||$98||$932||$78|
|F-150 STX Regular Cab 4WD||$206||$282||$326||$20||$98||$932||$78|
|F-150 XL Regular Cab 4WD||$206||$282||$326||$20||$98||$932||$78|
|F-150 FX2 Super Cab 2WD||$206||$282||$326||$20||$98||$932||$78|
|F-150 XLT Crew Cab 2WD||$206||$282||$326||$20||$98||$932||$78|
|F-150 XL Super Cab 4WD||$206||$282||$326||$20||$98||$932||$78|
|F-150 XLT Regular Cab 4WD||$206||$282||$326||$20||$98||$932||$78|
|F-150 XL Crew Cab 4WD||$232||$282||$326||$20||$98||$958||$80|
|F-150 STX Super Cab 4WD||$232||$282||$326||$20||$98||$958||$80|
|F-150 XLT Super Cab 4WD||$232||$282||$326||$20||$98||$958||$80|
|F-150 FX2 2WD||$232||$342||$326||$20||$98||$1,018||$85|
|F-150 Lariat Super Cab 2WD||$232||$342||$326||$20||$98||$1,018||$85|
|F-150 Lariat Crew Cab 2WD||$232||$342||$326||$20||$98||$1,018||$85|
|F-150 FX4 Super Cab 4WD||$232||$342||$326||$20||$98||$1,018||$85|
|F-150 XLT Crew Cab 4WD||$232||$342||$326||$20||$98||$1,018||$85|
|F-150 FX4 4WD||$232||$342||$326||$20||$98||$1,018||$85|
|F-150 Lariat Crew Cab 4WD||$232||$342||$326||$20||$98||$1,018||$85|
|F-150 SVT Raptor Super Cab 4WD||$232||$342||$326||$20||$98||$1,018||$85|
|F-150 Lariat Super Cab 4WD||$232||$342||$326||$20||$98||$1,018||$85|
|F-150 Lariat Crew Cab Platinum 2WD||$232||$404||$326||$20||$98||$1,080||$90|
|F-150 Lariat Crew Cab Harley 2WD||$232||$404||$326||$20||$98||$1,080||$90|
|F-150 Lariat King Ranch 2WD||$232||$404||$326||$20||$98||$1,080||$90|
|F-150 Lariat King Ranch 4WD||$258||$404||$326||$20||$98||$1,106||$92|
|F-150 Lariat Crew Cab Harley 4WD||$258||$404||$326||$20||$98||$1,106||$92|
|F-150 Lariat Crew Cab Platinum 4WD||$258||$404||$326||$20||$98||$1,106||$92|
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Table data does not factor in vehicle garaging location which can alter premium rates significantly.
Impact of citations and accidents on Louisville insurance rates
The example below shows how violations and accident claims can increase Ford F-150 premium costs for each age group. The data assumes a married male driver, full coverage, $500 deductibles, and no additional discounts are factored in.
Gender-based insurance premiums
The example below shows the difference between Ford F-150 insurance costs for male and female drivers. The premiums are based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, marital status is single, and no discounts are applied to the premium.
Does it make sense to buy full coverage?
The chart below compares Ford F-150 yearly insurance costs with and without full coverage. The premium estimates are based on no claims or driving violations, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.
Should you be buying full coverage?
There is no definitive guideline to eliminate physical damage coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let’s assume your Ford F-150 book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $5,000 after paying the physical damage deductible. If you are currently paying more than $500 annually for full coverage, then it might be time to buy liability only.
There are some cases where removing full coverage is not a good plan. If you still owe money on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Local Louisville insurance agents and insurance
Certain consumers just want to have an agent’s advice and doing so can bring peace of mind Good insurance agents can answer important questions and help file insurance claims. A nice benefit of getting free rate quotes online is the fact that drivers can get the best rates but also keep your business local. And buying from local insurance agents is still important in Louisville.
To make it easy to find an agent, after completing this form (opens in new window), the quote information is sent to local insurance agents who will give you bids for your business. You won’t need to search for any insurance agencies because quoted prices will be sent immediately to your email address. If for some reason you want to get a price quote from a specific insurance provider, you can always navigate to their website and submit a quote form there.
The following is a list of auto insurance companies in Louisville willing to provide price quotes for Ford F-150 insurance in Louisville.
Deciding on an company requires more thought than just the premium amount. Any agent in Louisville should have no problem answering these questions:
- Are they properly licensed to sell insurance in Kentucky?
- What kind of financial rating does the company have?
- Where would your vehicle be repaired?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- What insurance companies do they recommend if they are an independent agent?
Best auto insurance company in Louisville
Insuring your vehicle with a high-quality auto insurance provider can be difficult considering how many different insurance companies sell coverage in Kentucky. The ranking data below may help you pick which companies you want to consider purchasing from.
Top 10 Louisville Car Insurance Companies Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- Erie Insurance
- The General
Find cheap auto insurance rates by comparing often
As you shop your coverage around, it’s not a good idea to buy poor coverage just to save money. Too many times, consumers will sacrifice liability coverage limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your goal is to buy the best coverage you can find at a price you can afford while still protecting your assets.
We covered many ideas to compare Ford F-150 insurance rates in Louisville. It’s most important to understand that the more price quotes you have, the better your comparison will be. You may even find the best rates are with a small mutual company. Some small companies may cover specific market segments cheaper than the large multi-state companies such as State Farm, GEICO and Nationwide.
Much more information about auto insurance in Kentucky is located below:
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Who Has Cheap Auto Insurance for Teenage Males in Louisville? (FAQ)
- Who Has Affordable Auto Insurance for Homeowners in Louisville? (FAQ)
- Who Has Affordable Louisville Car Insurance for 19 Year Olds? (FAQ)
- Who Has the Cheapest Louisville Auto Insurance Rates for a Subaru Forester? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Drivers Requiring a SR22 in Louisville? (FAQ)
- Tools for Teen Driving Safety (State Farm)
- Your Car has been Stolen: Now What? (Allstate)
- What to do at the Scene of an Accident (Insurance Information Institute)