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How much is car insurance in Hazard?
|Area||Average Monthly Car Insurance Premium|
Coverage for your vehicle in Hazard will typically run you about $14 a month more than in the rest of Kentucky.
Compared to the national average cost of auto coverage, Hazard has higher rates. It's about $65 more expensive than the national average to insure your vehicle in Hazard.
The price you pay may very well be higher or lower than the rates you see, but we can help explain why. Insurance companies take an array of factors into consideration 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.
Don't sweat it however, we've broken down the average rate for Hazard residents based on several different factors so that you can get a more accurate idea of what you might pay. To find out if you're overpaying for your area, just enter your ZIP below and find out in minutes!
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Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The more time you have behind the wheel, the more experienced of a driver you should be. That experience can turn into some real savings when it comes to car insurance premiums. As you can see, 18-24-year-olds pay a lot more than someone who is retirement aged.
As you get older, you can expect to see a drop in your monthly premium every 10 years. As you get closer to retirement, however, you may see your rates creep back up a bit in Hazard.
Average Car Insurance Rates by Gender
In general, car insurance rates for women are usually cheaper than they are for men. In Hazard, male drivers pay about $8 more a month. As illustrated in the table above, female drivers in the area pay about $143 on average, while male drivers pay around $151 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
|Multiple Accidents||Not Enough Data|
One of the biggest factors in determining your car insurance rates is your driving record. Those with clean records will obviously pay a lot less than those with infractions. Drivers in Hazard with a single accident on their record will usually see rates around $177 a month. On a similar note, drivers with one ticket on their record will be looking at a monthly rate of about $255 on average.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||Not Enough Data|
|15 Years or Older||$151|
If you look at the first table above, you'll see that trucks and vans are by and large the cheapest vehicles to insure in Hazard, with drivers paying around $140 per month for insurance coverage.
Car owners, on the other hand, usually pay around $150 per month, while SUV drivers can expect to pay about $143 a month for auto insurance.
The age of your vehicle can also affect your monthly bill. Newer vehicles are generally going to be the most expensive to insure. However, once your car is a few years old you may start to see your rates drop back down a bit. The most expensive vehicles to insure in Hazard are vehicles eleven-to-fourteen years old and fifteen years and older.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$151|
More often than not, those who are currently married 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.
At a national level, married drivers usually pay less than single drivers for auto insurance. This holds true for Hazard as well, where the difference is around $17 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$191|
One other element taken into consideration is your living situation. If you rent your home or apartment, expect to pay around $17 a month more than those who own their own home in Hazard. Those who live with their parents, however, can expect to pay a lot more.
Bundling your home or rental insurance with your auto insurance can oftentimes reduce your overall costs, depending on your insurance company.
Car Insurance Companies in Hazard, KY
Recent trends in car insurance for Hazard drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before choosing an insurance provider.
The rates for auto insurance in Hazard had been decreasing from 2017-2020, when they reached a low of $119. Car insurance rates began to increase in 2021, and this trend has continued through 2022, when rates have most recently hit $148.
How does Hazard compare to neighboring areas?
Why are car insurance rates in Hazard different from other areas?
Car insurance companies will take into account a variety of factors when they're figuring out how much to charge for a policy. While we already mentioned the ones that affect your personal policy, others are influenced by where you live. These include things like:
- Off-street parking access
- Number of drivers in the area
- Road Safety (how many accidents each locality has)
- Community regulations
- Regional crime rates
It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Different cities and towns will each have different rates, so guides like these are a handy way to learn more.
How can I find the cheapest car insurance in Hazard?
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.
But wait! Compare.com does all of that work for you. Simply enter your ZIP Code below, answer a few questions on you and your car, and you'll be comparing the cheapest quotes from several of the car insurance companies that offer policies in Hazard.
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Hazard Insurance FAQs
What factors affect car insurance quotes in Hazard?
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 driving record, credit score, marital status, and address.
Why is the cost of car insurance in Hazard 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, parking situations, and crime rates -- which can vary from city to city -- can significantly affect your rate.
Which car insurance company will offer me the cheapest rate in Hazard?
There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.
Do I need to change my insurance if I move to Hazard?
Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good 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. 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 Hazard 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?
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