Fairdale, KY Car Insurance

Residents of Fairdale pay, on average, about $172 per month for car insurance. Read our guide below to learn more about your specific rates.
How does Fairdale stack up to the rest of the area, or even Kentucky as a whole? What rates can residents of Fairdale expect to pay for their car insurance? You can see the cost breakdowns and contributing factors in the charts and writeups below:  

How much is car insurance in Fairdale?

Area Average Monthly Car Insurance Premium
Fairdale$172
KY$132
United States$80

As you can tell from the chart above, the cost of coverage in Fairdale is about $40 a month more expensive than the rest of Kentucky.

Likewise, Fairdale residents will likely pay higher rates to insure their vehicle than in the rest of the country. It's about $92 more expensive for coverage in Fairdale than the average rates for the U.S. as a whole.

These rates may be the average amount Fairdale drivers pay for their insurance policy, but that doesn't mean it's exactly what you'll pay. Insurance companies weigh a variety of factors when determining how much to charge you for car insurance. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect the final amount you'll be charged for coverage each month.

We've analyzed the average rate for Fairdale and broken down the different factors to help you understand what your policy's monthly premium will be. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP Code below and find out in just minutes!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$346
25-34$155
35-44$145
45-54Not Enough Data
55-64$119
65+$140

The longer you've been on the road, the more experienced of a driver you are. That experience can lead to some serious savings when it comes to auto insurance bills. According to the table above, you can see that 18-24-year-olds pay two times as much as drivers 65 and older.

You can expect to see a decrease in your monthly premium drop about once a decade or so. Fairdale drivers may see their rates rise again once they hit retirement age.

Average Car Insurance Rates by Gender

Gender Average
Male$217
Female$140

Male drivers pay, on average. slightly more than female drivers for auto insurance. In Fairdale, male drivers pay about $77 more per month. As illustrated in the table above, male drivers in the area pay about $217 on average, while female drivers pay around $140 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$205
Multiple Accidents$506
1 TicketNot Enough Data
Multiple TicketsNot Enough Data

One of the biggest factors in determining your car insurance rates is your driving record. Drivers who avoid accidents and tickets will pay much lower rates than those with infractions. In Fairdale, a driving record with one accident will usually get you a rate around $205 a month.

Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. Remember, cheap car insurance rates are dependent on driving safely and keeping your record clean.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$447
2-3 Years$143
4-5 Years$123
6-7 Years$216
8-10 Years$159
11-14 Years$163
15 Years or Older$165

As you can see in the first table above, the cheapest vehicles to insure in Fairdale are typically trucks and vans, which run about $126 per month.

Car owners can expect to pay an average of around $194 a month for their policy, while SUVs usually cost around $128 a month to insure.

Your rates can also vary depending on how old your vehicle is. Newer vehicles are generally going to be the most expensive to insure. However, once your car is about 5 years old, you may start to see your monthly premium decrease. In Fairdale, vehicles less than one year old are the most expensive to insure.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$178
Married$114
Divorced$201
Widowed$113

Generally, those who have settled down into marriage will pay slightly less for car insurance. This usually happens because companies will extend 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 Fairdale, with married couples paying about $64 less per month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$193
Rent$156
Live with parents$240

Another factor taken into consideration is your living accommodations. If you rent your home or apartment, expect to pay around $37 less than drivers who own property in Fairdale. But those who live at home with their parents can expect to pay significantly more.

That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your overall costs.

Car Insurance Companies in Fairdale, KY

Recent trends in car insurance for Fairdale drivers

Since average rates are constantly changing, it's a smart move to research the local trends in your area before choosing when and where to shop.

The cost of auto insurance coverage in Fairdale dropped from 2016-2017, before steadying out in 2018. Car insurance rates finished down in 2021, at $153 a month

How does Fairdale compare to neighboring areas?

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

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

  • Crime levels
  • Laws
  • Off-street parking availability
  • Amount of drivers in the community
  • Road Safety (frequency of car accidents)

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. Get started with a guide like this to get familiar with the average rates of your area.

How can I find the cheapest car insurance in Fairdale?

In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.

Good news! Compare.com does all of that work for you. Just enter your ZIP below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from loads of the car insurance companies offering plans in Fairdale.

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Fairdale Insurance FAQs

What factors affect car insurance quotes in Fairdale?

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

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

Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like local laws, parking situations, and crime rates when calculating your quote -- all of which can change from city to city.

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

There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.

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

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. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Fairdale or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?

Find your best rate in just a few minutes