Covington, KY Car Insurance

Are rates in Covington higher or lower than those in neighboring areas? How do they compare to the rest of Kentucky? What rates can 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:

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How much is car insurance in Covington?

The cost of coverage in Covington is about $36 a month cheaper than it is for the rest of Kentucky.

Conversely, Covington residents should prepare to pay higher rates for coverage than the rest of the country. It's about $15 more expensive than the national average to insure your vehicle in Covington.

These rates provide a great starting point for understanding what to expect for your monthly payment, but there's no guarantee that this is what you will end up paying. Insurance companies take an array of factors into consideration when determining how much to charge you to insure your vehicle. Things like age, gender, vehicle make and model, driving record and, in some areas, credit score can all play a part in your policy's monthly price.

Don't worry, we've done the work for you and broken down the average rates for Covington to help you understand what your monthly premium might be. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP below to learn more about rates in your area!

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Average Car Insurance Rates by Age

The older you are, the more experienced you are on the roads. When it comes to auto insurance premiums, that experience pays off. As you can see, 18-24-year-olds pay significantly more than drivers of retirement age.

For every ten years older you get, you can expect to see a drop in your monthly premium. As you get closer to retirement, however, you may see your rates begin to increase again in Covington.

Average Car Insurance Rates by Gender

In general, women pay slightly less for car insurance than men. While this isn't true in Covington, the difference in monthly rates is minimal.

Average Auto Insurance Rates by Driving Record

Depending on your driving record, your rates can vary quite a lot. Drivers with clean records will pay lower rates than those with accidents or violations. In Covington, having a single accident on your record will usually get you rates around $113 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $121.

Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. In order to minimize your monthly rate, practice safe driving habits and keep your record clean.

Average Insurance Rates by Vehicle

If you look at the first table above, you'll see that trucks and vans are usually the cheapest vehicles to insure in Covington, with drivers paying around $93 per month for auto insurance coverage.

Car owners can expect to pay an average of around $96 a month for their policy, while SUVs usually cost around $97 a month to insure.

You may also see 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 close to 5 years old, you may start to see your monthly premium drop back down. The most expensive vehicles to insure in Covington are vehicles six-to-seven years old.

Average Car Insurance Rates by Relationship Status

On average, those who have settled down into marriage will pay slightly less for car insurance coverage. This oftentimes is a result of owning multiple vehicles that are on the same policy, something many companies offer special discounts for.

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

Your housing situation is another factor that affects your monthly rate. Renters can expect to pay around $1 a month less than homeowners in Covington. But if you live with your parents, you can expect to pay a lot more.

Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.

Car Insurance Companies in Covington, KY

Recent trends in car insurance for Covington drivers

Given that average rates are often changing, it's a smart move to know the direction your area is trending before picking an insurance policy.

The cost of auto insurance in Covington declined from 2017-2018, before leveling out in 2019. Policy premiums finished down in 2022, at $86 a month

How does Covington compare to neighboring areas?

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

Car insurance companies will take into account several factors when figuring out how much to charge for a policy. The price of your insurance policy will depend largely on where you live and drive and will be influenced by things such as:

• Number of drivers in the community
• Local crime rates
• Regional laws
• Rate of car accidents
• Off-street parking availability

You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. Each area will have different rates. Guides like these are a wonderful place 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.

Don't worry, Compare.com does all of that work for you. Put in your ZIP Code below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from several of the car insurance companies offering policies in Covington.

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Covington Insurance FAQs

What factors affect car insurance quotes in Covington?

Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your vehicle's year, make and model, plus your marital status, address, credit score, and driving record.

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 crime rates, local laws, 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 car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once.

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

Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.

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

No. You can switch companies at any time, regardless of how long is left on your current policy. So, if you've recently moved to Covington or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.