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How Much is Auto Insurance for Teenagers in Kentucky?

Enter your Kentucky zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Nov 8, 2019

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When we talk about auto insurance, the word affordable really should not be used anywhere in the article to describe car insurance rates. Despite the oxymoron, cheap auto insurance for teenagers can seem impossible to find. But don’t despair, because we will show you how you can still find and buy auto insurance that is cheaper than what you have now.

The make and model of vehicle you are buying coverage for is one of the main factors when trying to find cheaper insurance for teenagers. Vehicles with high performance features, a lack of modern safety features, or an increased likelihood of liability claims will cost much more to insure than safer models.

The information below features coverage rates for a handful of the most budget-friendly vehicles to buy insurance for.

Cheapest Auto Insurance Rates for Teenagers in Kentucky
Make and Model Estimated Cost for Full Coverage
Ford Escape Limited 2WD $3,056
Honda CR-V EX-L 2WD $3,065
Chevrolet Traverse LS AWD $3,089
Toyota Prius $3,312
Subaru Forester X Limited Edition AWD $3,347
Ford F-150 XL Crew Cab 2WD $3,365
Hyundai Tucson GLS 4WD $3,372
Ford Edge SEL AWD $3,552
Toyota RAV4 Sport 4WD $3,588
Toyota Sienna XLE $3,593
Volkswagen Jetta S 4-Dr Sedan $3,588
Chevrolet Malibu LS $3,594
Chevrolet Equinox LT 2WD $3,588
Subaru Outback 2.5I Premium $3,621
Toyota Tacoma Double Cab TRD Sport Package 4WD $3,631
Dodge Grand Caravan SXT $3,621
Kia Forte SX 4-Dr Sedan $3,627
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Prices above based on single female driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in garaging location in Kentucky which can alter price quotes greatly.

Based upon the table data, you can see that models like the Ford Escape, Honda CR-V, Chevrolet Traverse, and Toyota Prius are going to be the cheapest vehicles to insure for teen drivers. Auto insurance rates will be more costly just because there is more exposure for teenagers, but in general those makes and models will probably have the cheapest car insurance rates possible.

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Finding reliable, cheap insurance is difficult, and finding out which company quotes the cheapest insurance rates for teenagers may require even more work. Coverage prices may be much higher than the average policy in Kentucky attributed to the higher likelihood of claims that goes along with selling coverage for teen drivers, but reasonably-priced insurance may be available if you do a thorough comparison. Every insurance company uses a different method to establish rates, so we need to take a look at the insurance companies that tend to have lower prices in Kentucky.

It’s important that readers know that Kentucky insurance rates are based on many factors which can substantially decrease or increase your annual premium. Price variation is why it is critical to compare lots of rates to get affordable insurance rates for teenagers. Auto insurance prices are influenced by many risk factors and can change without notice, so the best company three years ago may now be wasting a lot of money.

Enter your zip code below to view companies that have cheap auto insurance rates.

Rankings for the cheapest Kentucky auto insurance companies
Rank Company Cost Per Year
1 Cincinnati Insurance $1,115
2 Kentucky Farm Bureau $1,163
3 USAA $1,175
4 Auto-Owners $1,399
5 Motorists Mutual $1,569
6 Grange Mutual $1,609
7 Travelers $1,680
8 State Farm $1,793
9 Westfield $1,888
10 Safe Auto $1,972
11 Nationwide $2,024
12 Electric $2,097
13 Progressive $2,119
14 State Auto $2,166
15 Encompass $2,288
16 GEICO $2,341
17 Safeco $2,791
18 MetLife $3,146
19 Shelter $3,167
20 Liberty Mutual $3,744
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Cincinnati Insurance generally has some of the cheapest car insurance rates in Kentucky at around $1,115 a year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also qualify as some of the cheapest Kentucky car insurance companies.

As shown in the rates above, if you buy coverage from Auto-Owners and switched to Kentucky Farm Bureau, you may see an annual premium reduction of roughly $236. Drivers with Motorists Mutual may save as much as $406 a year, and Grange Mutual customers might reduce rates by $446 a year.

Be aware that those rates are averaged across all drivers and vehicles in Kentucky and do not factor in a price increase for teenagers. So the company that is best for you may not even be in the company chart above. That underscores the importance of why you need to get quotes using your own driver information and specific vehicle type.

Enter your zip code below to view companies that have cheap auto insurance rates.

Does full coverage make sense?

Finding cheap auto insurance for teenagers in Kentucky is the goal of most drivers, and a great way to save on the cost of insurance is to only pay for liability coverage. The example below illustrates the comparison of car insurance costs with full physical damage coverage compared to only buying liability only. The rates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

If the expense is averaged for all age categories, physical damage coverage on your policy costs $1,829 per year more than just insuring for liability. At some point, every insured wonders when is it safe to stop buying full coverage. There is no set guideline that is best for determining when to drop physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

There are some scenarios where only buying liability is not advised. If you haven’t paid off your loan, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not remove full coverage.

The chart below shows how choosing a deductible can impact insurance costs when quoting cheap insurance for teenagers. The costs are based on a single female driver, full coverage, and no discounts are applied.

A 30-year-old driver could pocket $352 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $534 by choosing a $1,000 deductible. Even younger drivers, like the Age 20 category, could drop their prices as much as $788 or more by using higher deductibles when buying full coverage. If you do decide to increase your deductibles, it is a good idea to have additional funds in a savings account to satisfy the extra out-of-pocket expense associated with higher deductibles.

Irresponsible driving raises your rates

The obvious way to find cheap auto insurance for teenagers in Kentucky is to pay attention while driving and avoid accidents and keep your driving record clean. The example below illustrates how violations and at-fault fender-benders can impact insurance costs for different age groups of insureds. Data assumes a married male driver, full coverage, $500 deductibles, and no policy discounts are applied.

The data in the chart shows the average cost of an auto insurance policy per year with no violations or accidents is $1,747. Get written up for two speeding tickets and the average cost jumps to $2,408, an increase of $661 each year. Then include one accident along with the two speeding tickets and the 12-month cost of insurance for teenagers jumps again to an average of $3,085. That’s an increase of $1,338, or $112 per month, just for not maintaining a clean driving record!

Cheap insurance quotes for teen drivers

There are many different ways to find affordable insurance in Kentucky, but the most preferred ways are using an independent or non-exclusive agent, an exlusive agent such as State Farm or Liberty Mutual, or direct online or over the phone from a company like Geico or Progressive.

They all follow the same basic process, but they differ slightly in how they give price quotes.

Independent insurance agents write business for many companies and can do rate comparisons with each one. Independent agents are not required to write business for one company and can give you a larger rate selection, which can help you get the best chance of saving money. If they find a lower price, you can get a different policy which makes it simple for you.

Exclusive agents are only able to quote rates from a single insurance company, two of the more popular are an Auto-Owners or Allstate agent. They are unable to give you multiple price quotes, so you need to shop around if the rates are high.

The third popular method of shopping for insurance is direct, which means you do not use an agent and instead shop from a direct company like Progressive. Buying direct is good for people who do not need advice for asset protection and have a decent understanding of the exclusions of a policy.

So which of those three methods works best for finding cheap auto insurance for teenagers in Kentucky? Our initial answer would be buying direct saves money because there are no middleman commissions, but that is not always the case. A valid argument could also be made that buying from an independent agent guarantees the lowest rates since they have access to many companies, but that idea is not necessarily true either. For the right applicant, the exclusive agents have coverage prices that cannot be met by either independent or direct companies.

Because there is so much variation in insurance prices, the best method to get the lowest rate is to compare rate quotes from as many companies as possible. It’s a good idea to get prices from all three types to have a good selection of rates to choose from. For a list of companies offering online discounts in Kentucky, click here to view.

How to find economical auto insurance for teenagers

Here are a few money-saving ideas that can help Kentucky drivers buy the cheapest coverage.

  • Safe vehicles generally have lower rates
  • Maintain a clean driving record
  • Avoid accidents
  • Higher credit ratings may save you money
  • Increase your physical damage deductibles
  • Shop around for lower rates once a year

The last suggestion is incredibly crucial, as we stressed in the prior article. Rates in Kentucky can be modified anytime, so don’t be hesitant to buy from a new company if you can find a cheaper rate.

Loyalty to a specific company is fine, but it isn’t a good idea if that faithfulness ends up costing you a lot of money. Now is a great time to compare rates and find cheaper insurance for teenagers.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

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