Covington, KY Car Insurance

The average monthly cost for car insurance in Covington is about $96. For more information refer to our guide below.
Compared to their surrounding area, how do rates in Covington stack up? What about against the rest of Kentucky? What rates should residents of Covington expect to pay for their car insurance? You can find average cost breakdowns based on a wide array of factors in the charts and writeups below:  

How much is car insurance in Covington?

Area Average Monthly Car Insurance Premium
Covington$96
KY$132
United States$80

According to the chart above, the average cost of auto insurance in Kentucky is about $36 a month more expensive than it is in Covington.

Compared to the national average cost of auto coverage, Covington has higher rates. You can expect to pay about $16 more for your policy in Covington.

Keep in mind that these are the average auto insurance rates for Covington, and that the rate you get could end up being something different. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. Your monthly premium is calculated off of your age, gender, vehicle make and model, driving record, and even your credit score depending on the circumstances.

We've broken down average rates for Covington to help you understand what your policy's monthly premium will cost. If you think you might be overpaying for insurance in your area, enter your ZIP Code below and find out!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$133
25-34$94
35-44$96
45-54Not Enough Data
55-64$77
65+$109

It makes sense that older drivers would have more experience behind the wheel. When it comes to car insurance premiums, that experience can really pay off. According to the table above, you can see that 18-24-year-olds pay significantly more than drivers 65 and older.

For every ten years older you get, you can expect to see a drop in your monthly premium. You may see your rates creep back up once you hit retirement age in Covington.

Average Car Insurance Rates by Gender

Gender Average
Male$94
Female$98

Although female drivers pay, on average, less than male drivers to insure their vehicle, Covington actually bucks this trend. While female drivers pay $98 per month for car insurance, males only pay about $94.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$109
Multiple Accidents$151
1 Ticket$133
Multiple Tickets$136

Your rates can change quite drastically depending on your driving record. Those with clean records will obviously pay less than those with infractions. Drivers in Covington with one accident will pay around $109 a month. In addition, drivers with one ticket can expect to pay around $133 a month on average.

When it comes to your monthly bill, accidents, tickets, and other driving infractions can really take a toll. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$98
2-3 Years$82
4-5 Years$99
6-7 Years$98
8-10 Years$95
11-14 Years$98
15 Years or Older$96

In Covington, the cheapest vehicles to insure are usually trucks and vans, with drivers paying around $87 per month to insure their vehicle.

SUV drivers will see rates of about $100 for auto insurance, while car owners by and large pay around $96 a month.

In addition to vehicle type, you can also expect to see slightly different rates based on the age of your vehicle. Generally, newer vehicles are going to cost the most to insure. However, once your car is a few years old, you may start to see your monthly premium decrease. The most expensive vehicles to insure in Covington are vehicles four-to-five years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$98
Married$109
Divorced$73
Widowed$65

More often than not, those who are currently married will pay slightly less to insure their car. This usually happens because companies will award special discounts to policyholders with multiple vehicles that are on the same policy.

Married couples, on average, pay less than single drivers do to insure their vehicles. This holds true in Covington, with married couples paying about $11 less per month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$98
Rent$96
Live with parents$112

Another factor that comes into play is your housing situation. If you rent your home or apartment, expect to pay around $2 less than those who own their own home in Covington. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.

If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your average costs, depending on your insurance company.

Car Insurance Companies in Covington, KY

Recent trends in car insurance for Covington drivers

Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before choosing when and where to shop.

In Covington, the rates for auto insurance decreased from 2016-2018, before steadying out in 2019. Car insurance rates finished up in 2021, at $100 per month

How does Covington compare to neighboring areas?

Why are car insurance rates in Covington different from other areas?

When considering how much to charge for coverage, car insurance companies will review a lot of factors. While we mentioned the factors that affect your personal policy, others are based around where you park your car. These include things like:

  • Local crime rates
  • Amount of off-street parking
  • Laws
  • Total amount of drivers in the area
  • Road safety

While you won't have the ability to change these factors yourself, they can be handy to keep in mind when seeking a new policy or considering a move. Different cities and towns will each have different rates, so guides like these are a handy way to get started.

How can I find the cheapest car insurance in Covington?

In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.

Good news! Compare.com does all of that work for you. Just punch in your ZIP below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from a bulk of the car insurance companies that offer coverage in Covington.

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Covington Insurance FAQs

What factors affect car insurance quotes in Covington?

The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your vehicle's year, make and model, as well as your driving record, credit score, marital status, and address.

Why is the cost of car insurance in Covington different from other neighboring cities?

Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like local laws, crime rates, and parking situations -- which can vary from city to city -- can significantly affect your rate.

Which car insurance company will offer me the cheapest rate in Covington?

Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible however, by using sites like Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Covington?

Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Covington or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?

Find your best rate in just a few minutes