Franklin, KY Car Insurance

On average, drivers in Franklin pay around $96 per month for their car insurance. To find out more check out our guide below.
Map of cities where drivers can find cheaper car insurance
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What rates can residents of Franklin expect to pay for their car insurance? Are rates in Franklin higher or lower than those in neighboring areas? How do they compare to the rest of Kentucky? 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 Franklin?

Area Average Monthly Car Insurance Premium
Franklin$96
KY$132
United States$81

Looking at the chart above, you can see it's around $36 a month cheaper to insure your vehicle in Franklin than it is in the rest of Kentucky.

The average cost of insuring your vehicle in Franklin is above the national rate. The cost of insuring a vehicle in Franklin is about $15 more expensive than the average rate for the rest of the U.S.

Keep in mind that while these are the average car insurance rates for Franklin, it isn't guaranteed that it's what you'll pay. Insurance companies take in a variety of factors when determining how much to charge you for your car insurance. The monthly premium you'll see each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.

We've analyzed the average rate for Franklin and broken down the different factors to help you understand what exactly you might be asked to pay. 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 18Not Enough Data
18-24$162
25-34$101
35-44$83
45-54$81
55-64$81
65+$58

It makes sense that the older you are, the more experience you have driving, right? When it comes to auto insurance rates, that experience can help put some change back into your pocket. As you can see, 18-24-year-olds pay $104 more than someone who is retirement aged.

For every 10 years, you can expect to see a drop in your monthly premium. Once you hit retirement, however, you may see your rates creep back up a bit in Franklin.

Average Car Insurance Rates by Gender

Gender Average
Male$89
Female$101

Despite the national trend of women paying less than men for auto insurance, in Franklin men actually pay $89 per month for coverage while women pay $101.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$127
Multiple Accidents$107
1 Ticket$131
Multiple Tickets$97

Your rates can change quite drastically depending on your driving record. Those with fewer accidents and tickets will pay less than those with multiple infractions. Drivers in Franklin with one accident will pay around $127 a month. On a similar note, drivers with one ticket on their record will be looking at a monthly rate of about $131 on average.

Regardless of where you live, accidents, tickets, and other driving infractions can drive your monthly bill way up. In order to minimize your monthly rate, practice safe driving habits and keep your record clean.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$79
2-3 Years$86
4-5 Years$109
6-7 Years$94
8-10 Years$95
11-14 Years$109
15 Years or Older$96

The cheapest vehicles to insure in Franklin are by and large trucks and vans, with each type typically costing about $81 per month.

SUV drivers will see rates of about $93 for car insurance, while car owners usually pay around $102 a month.

The age of your vehicle has an impact on the cost of your policy as well. Generally, newer vehicles are going to be the most expensive to insure. However, if your car is a few years old, you can expect to see your rates start dropping back down. In Franklin, vehicles four-to-five years old and eleven-to-fourteen years old are the most expensive to insure.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$100
Married$84
Divorced$78
Widowed$78

On average, those who have settled down into marriage will pay slightly less for car insurance coverage. This can usually be attributed to their policies having multiple vehicles, a factor that will often get you a discount.

Married couples, on average, pay less than single drivers do to insure their vehicles. This holds true in Franklin, with married couples paying about $16 less per month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$106
Rent$93
Live with parents$157

Your housing status is another factor that affects your monthly rate. Renters can expect to pay around $13 a month less than drivers who own property in Franklin. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.

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 Franklin, KY

The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area before picking an insurance policy.

In Franklin, the rates for auto insurance had been increasing from 2017-2018, before leveling out in 2019. Policy premiums have been increasing again recently, and finished up at $126 in 2022.

How does Franklin compare to neighboring areas?

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

Car insurance companies will take into account several factors when they're choosing how much to charge for a policy. The specifics of where you live will have an impact on your personal policy. This might include things like:

  • Number of drivers
  • Rate of car accidents
  • Area laws
  • Availability of off-street parking
  • Rate of crime

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. Different towns and cities will all have different average rates, so guides like these are a great place to get started.

How can I find the cheapest car insurance in Franklin?

While getting familiar with 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.

Luckily, Compare.com does all of that work for you. Just enter your ZIP Code below, answer a few questions on you and your vehicle, and you'll be comparing the cheapest quotes from several of the car insurance companies providing coverage in Franklin.


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Franklin Insurance FAQs

What factors affect car insurance quotes in Franklin?

Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control 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 Franklin different from other neighboring cities?

Things like local laws, parking situations, and crime rates, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.

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

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 Franklin?

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. You can switch companies at any time, regardless of how long is left on your current policy. So, if you've recently moved to Franklin 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.

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