Are you tired of overpaying and want the cheapest insurance rates in Louisville, KY? If you are a novice to online insurance shopping, by this point your are probably overwhelmed thanks to the incredible selection of local and online companies all promising to save you money.

Unbelievable but true, a large majority of insurance policyholders have purchased from the same company for at least the last four years, and nearly 40% of drivers have never even compared rates from other companies. Most drivers in Kentucky could save an average of nearly $630 each year just by comparing rates, but most tend to underestimate how much money they would save if they switched to a more affordable policy.

You should make it a habit to compare premium rates on a regular basis because insurance prices are usually higher with each renewal. If you had the best quotes on insurance last year you may be paying too much now. Forget anything you know (or think you know) about insurance because I'm going to teach you one of the easiest ways to lower your annual insurance bill.

Locating the best rates in Louisville is easy if you know what you're doing. Just about everyone who needs more affordable insurance will more than likely be able to cut their insurance bill. Nevertheless, Kentucky consumers must know the way insurance companies determine prices because it can help you find the best coverage.

The quickest method we recommend to compare rates is to understand most insurance companies participate in a system to compare their rates. To get started, all you need to do is give the companies some data like whether your vehicle is owned or leased, how much education you have, if you have an active license, and what your job is. That rating data is sent automatically to multiple car insurance providers and you should receive rate quotes with very little delay.

To find lower rates now, click here and complete the form.

The providers in the list below provide quotes in Louisville, KY. If multiple providers are shown, it's a good idea that you get rate quotes from several of them to get the most competitive price.

Insurance Rates for Popular Vehicles in Louisville
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT Extended Cab 2WD $964 $482 $80
Chevrolet Malibu LT $1,000 $500 $83
Chevrolet Silverado LS Crew Cab 4WD $1,080 $540 $90
Dodge Grand Caravan Hero $984 $492 $82
Dodge Ram Crew Cab SLT 4WD $1,144 $572 $95
Ford Escape XLS 4WD $758 $379 $63
Ford F-150 Lariat Super Cab 2WD $774 $387 $65
Ford Focus S 4-Dr Sedan $742 $371 $62
Honda Accord LX-P 4-Dr Sedan $730 $365 $61
Honda CR-V EX 4WD $980 $490 $82
Honda Civic Hybrid 4-Dr Sedan $1,256 $628 $105
Hyundai Elantra SE Touring Station Wagon $836 $418 $70
Jeep Wrangler Sport Islander Package 4WD 2-Dr $1,156 $578 $96
Nissan Altima 2.5 S 4-Dr Sedan $1,048 $524 $87
Toyota Camry Hybrid $1,260 $630 $105
Toyota Corolla XLE $1,048 $524 $87
Toyota Prius $816 $408 $68
Toyota RAV4 2WD $1,122 $561 $94
Volkswagen Jetta S 4-Dr Sedan $1,122 $561 $94
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in specific garaging location which can modify prices substantially.

Policy deductible comparison

The information below shows how choosing a deductible and can increase or decrease Nissan Sentra insurance costs for different age groups. The price estimates are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.

Nissan Sentra rates are for example purposes only. To get rates for your specific vehicle, click here.

Comparison of auto insurance rates by gender and age

The illustration below compares insurance costs for male and female drivers in Louisville. The rate quotes are based on no accidents, no driving violations, comp and collision included, $500 deductibles, single marital status, and no policy discounts are applied on a Toyota Camry Hybrid.

Toyota Camry rates are for example purposes only. To get rate quotes for your specific vehicle, click here.

Three main reasons to buy insurance

Despite the high insurance cost in Louisville, insurance may be required for several reasons.

First, just about all states have mandatory insurance requirements which means state laws require a specific minimum amount of liability in order to be legal. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your vehicle has a lienholder, it's guaranteed your bank will require you to have insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the bank may insure your vehicle for a lot more money and require you to reimburse them for it.

Third, insurance protects not only your vehicle but also your financial assets. It will also provide coverage for most medical and hospital costs for both you and anyone you injure as the result of an accident. Liability coverage also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of insuring your car are without a doubt worth the cost, especially for larger claims. But the average American driver is overpaying more than $865 each year so we recommend shopping around at every policy renewal to be sure current rates are still competitive.

Don't neglect these six discounts

Some insurance providers don't always advertise all available discounts in a way that's easy to find, so the following is a list of a few of the more well known in addition to some of the lesser obvious discounts that may be available.Cheaper insurance with discounts

Keep in mind that some credits don't apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like medical payments or collision. So even though it sounds like having all the discounts means you get insurance for free, insurance companies aren't that generous.

A list of companies and their offered discounts are included below.

Before buying, ask each company or agent the best way to save money. Some discounts may not apply to policies in your area. If you would like to view insurance companies with the best discounts in Louisville, follow this link.

What insurance coverages do I need?

When it comes to buying insurance from an agent or online for your vehicles, there isn't really a perfect coverage plan. Your needs are unique to you and a cookie cutter policy won't apply.Car insurance savings For instance, these questions may help you determine if you will benefit from professional help.

If you're not sure about those questions but a few of them apply, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier

Local Louisville auto insurance agents and insurance

Some consumers would prefer to have an agent's advice. A good thing about getting free rate quotes online is that you can obtain lower premium rates and still buy from a local agent.

Insurance agents in LouisvilleAfter filling out this simple form, your insurance data gets sent to local insurance agents that can provide free Louisville auto insurance quotes to get your business. You don't have to contact any insurance agencies since rate quotes are delivered immediately to you. You can find the lowest rates without requiring a lot of work. If you need to quote rates for a specific company, feel free to find their quoting web page to submit a rate quote request.

Finding the right insurer needs to be determined by more than just the price. Agents should be asked these questions:

The different types of car insurance agents

When finding a reliable insurance agency, you must know there are a couple different agency structures and how they work. Louisville agents may be either independent agents or exclusive agents.

Exclusive Insurance Agents

These type of agents work for only one company such as Farmers Insurance or State Farm. They usually cannot compare other company's rates so they have to upsell other benefits. These agents are highly trained on their company's products which helps them compete with independent agents. Consumers sometimes use the same agent primarily because of the brand instead of buying on price only.

Below is a list of exclusive agents in Louisville that can give you comparison quotes.

View more Louisville agents

Independent Insurance Agencies

Agents that elect to be independent are appointed with more than one company and that is an advantage because they can write policies through lots of different companies and get the cheapest rates. If your agent finds better pricing, they simply move the coverage in-house which requires no work on your part. If you are comparing rate quotes, you will definitely want to get insurance quotes from at a minimum one independent agency to get the best comparison. Many can place coverage with different regional companies which can save you money.

The following are independent insurance agencies in Louisville that are able to give comparison quotes.

View more Louisville agents

Auto insurance coverages explained

Understanding the coverages of your auto insurance policy can help you determine the best coverages and the correct deductibles and limits. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages found on most auto insurance policies.

Auto collision coverage

Collision insurance will pay to fix damage to your vehicle caused by collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as scraping a guard rail, damaging your car on a curb, hitting a mailbox and hitting a parking meter. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. It's also possible to raise the deductible to save money on collision insurance.

Lowest and Highest Collision Coverage Claims by Manufacturer Model
Lowest Claim Amount Highest Claim Amount
Ford Edge Maserati Granturismo
Jeep Wrangler Ferrari 458
Mini Cooper Bently Continental GTC
Ford F-250 SuperCab Bentley Continental Flying Spur
Smart ForTwo BMW 6 Series
Chevrolet Colorado Audi RS7

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Comprehensive auto insurance

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like hail damage, vandalism, falling objects and hitting a bird. The maximum amount you'll receive from a claim is the ACV or actual cash value, so if the vehicle's value is low consider removing comprehensive coverage.

Vehicles with the Lowest and Highest Comprehensive Insurance Claims
Lowest Claim Amount Highest Claim Amount
Infiniti QX50 Mercedes-Benz S Class
Chevy Spark Maserati Quattroporte
GMC Sierra 2500 Bentley Continental GTC
Ford F-350 Audi S7
Nissan Leaf Maserati Granturismo
Smart ForTwo Bentley Continental GT

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance reimburse you for bills for nursing services, doctor visits, surgery and funeral costs. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible

Auto Insurance Medical Payment Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Tesla Model S Mitsubishi Lancer
Land Rover Range Rover Sport Nissan Sentra
Chevrolet Corvette Nissan Versa
Ford F-250 SuperCrew Chevrolet Sonic
Ford F-350 SuperCrew Chevrolet Spark
Audi A4 Allroad Kia Forte

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and also any damage incurred to your vehicle.

Due to the fact that many Kentucky drivers only carry the minimum required liability limits (25/50/10 in Kentucky), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Auto liability

Liability coverage protects you from injuries or damage you cause to other people or property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 25/50/10 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $10,000 paid for damaged property.

Liability insurance covers claims like structural damage, repair bills for other people's vehicles and medical expenses. How much coverage you buy is a personal decision, but buy as much as you can afford. Kentucky requires minimum liability limits of 25/50/10 but you should consider buying higher limits.

Bodily Injury Liability Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Subaru Outback Chrysler 200
Fiat 500 Mitsubishi Mirage
Acura MDX Kia Rio
Subaru Forester Chevrolet Cruze
Volvo XC60 Kia Optima
Chevrolet Corvette Chevrolet Impala

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

You can lower your car insurance rates

In this article, we covered many tips how you can lower your car insurance auto insurance rates in Louisville. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. You may even find the biggest savings come from the least-expected company. Some small companies often have lower premium rates on specific markets than the large multi-state companies such as State Farm or Progressive.

When trying to cut insurance costs, you should never skimp on coverage in order to save money. There have been many cases where an insured dropped collision coverage and found out when filing a claim they didn't purchase enough coverage. Your focus should be to find the BEST coverage at the best cost and still be able to protect your assets.

Cheaper car insurance in Louisville can be purchased online as well as from independent agents in Louisville, so you need to shop Louisville auto insurance with both so you have a total pricing picture. Some companies do not provide online quoting and these small insurance companies prefer to sell through independent agents.

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