Frankfort, KY Car Insurance

Residents of Frankfort pay around $111 monthly for their car insurance coverage. To learn more about what you're likely to pay in the Frankfort area, read our guide below.
How does Frankfort compare to the surrounding area and the rest of Kentucky? What should residents of Frankfort expect to pay for their car insurance? Discover the factors that go into calculating the average cost in our writeups and charts below:  

How much is car insurance in Frankfort?

Area Average Monthly Car Insurance Premium
Frankfort$111
KY$132
United States$80

Compared to the rest of the Kentucky, coverage in Frankfort is about $21 a month cheaper.

Conversely, residents of Frankfort might expect to pay higher rates for coverage than the rest of the country. The average monthly payment in Frankfort is about $31 more expensive than the rate for the rest of the U.S.

Although these are the average rates for auto insurance in Frankfort, that doesn't mean it's exactly what you'll pay. Insurance companies take in a variety of factors when determining how much to charge you for coverage. Things like age, gender, vehicle make and model, driving record and, in some areas, credit score can all play a part in the bill you'll see each month.

We've done the heavy lifting for you and broken down the average rate for Frankfort so that you can get a more accurate idea of what your monthly bill might be. And if you're not sure that you're paying the lowest option, simply enter your ZIP below and find out!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18$280
18-24$160
25-34$109
35-44$102
45-54$93
55-64$86
65+$88

It's pretty safe to assume that the older you are, the longer you've been driving, right? When it comes to auto insurance premiums, that experience pays off. According to the table above, you can see that 18-24-year-olds pay a lot more than someone who is at retirement age.

You can expect to see your monthly premium drop every 10 years or so. Having said that, once you approach retirement your rates may creep back up in Frankfort.

Average Car Insurance Rates by Gender

Gender Average
Male$108
Female$114

Although women typically pay less than men do for auto insurance, this is not the case in Frankfort, where female drivers pay around $6 more a month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$122
Multiple Accidents$167
1 Ticket$112
Multiple Tickets$121

One of the key factors in determining your car insurance rates is your driving record. Drivers with clean records will pay significantly lower rates than those with accidents or violations. In Frankfort, having a single accident on your record will usually get you rates around $122 a month. In addition, drivers with one ticket can expect to pay around $112 a month on average.

Accidents, tickets, and other driving infractions can really cost you when it comes to your monthly rate. So, if you're looking for cheap car insurance, drive carefully and keep a clean record.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$134
2-3 Years$103
4-5 Years$90
6-7 Years$113
8-10 Years$127
11-14 Years$115
15 Years or Older$105

In terms of affordable coverage, the cheapest vehicles to insure in Frankfort are usually trucks and vans, at $93 per month.

Car owners can expect to pay an average of around $115 a month for their policy, while SUVs usually cost around $108 a month to insure.

Depending on your vehicle's age, you can also expect to see slightly different rates. Generally, newer vehicles are going to cost the most to insure. However, your rates may start to drop back down once your car is close to 5 years old. The most expensive vehicles to insure in Frankfort are vehicles less than one year old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$115
Married$94
Divorced$85
Widowed$97

On average, those who are currently married will pay slightly less to insure their car. This can usually be attributed to their policies having multiple vehicles, a factor some companies will reward with discounts.

The difference in rates based on relationship status in Frankfort is about $21 a month, with married couples paying less for coverage than single drivers.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$98
Rent$112
Live with parents$158

One other element taken into consideration is your living accommodations. If you rent your home or apartment in Frankfort, expect to pay around $14 a month more than if you are a homeowner. But if you live with your parents, your rates will be significantly higher.

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 car insurance costs.

Car Insurance Companies in Frankfort, KY

Recent trends in car insurance for Frankfort drivers

Average rates are constantly changing, so it's a good idea to know the direction your area is trending when choosing when and where to shop.

Car insurance rates in Frankfort have been mixed as of late, they reached a high of $132 in 2017 and a low of $105 in 2020. Otherwise, drivers paid about the same rate from 2016 to 2021.

How does Frankfort compare to neighboring areas?

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

Car insurance companies take in several factors when choosing how much individual insurance policies will cost. Your insurance policy will depend largely on your home address and will be influenced by things such as:

  • Regional crime rates
  • Off-street parking access
  • Number of car accidents
  • Regional laws
  • Total amount of drivers in the community

It's good to be aware of these factors (even though you may not be able to do much to influence them) as you shop for a new policy or consider relocating. Realizing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your corner of the world.

How can I find the cheapest car insurance in Frankfort?

While knowing what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

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

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Frankfort Insurance FAQs

What factors affect car insurance quotes in Frankfort?

Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your age and gender, as well as your driving record, address, credit score, and marital status.

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

Local laws, crime rates, and parking situations -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.

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

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 Frankfort?

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?

Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Frankfort or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.

Find your best rate in just a few minutes