London, KY Car Insurance

The average monthly cost for car insurance in London is about $128. To learn more about what you're likely to pay in the London area, read our guide below.
Compared to their surrounding area, how do rates in London stack up? What about against the rest of Kentucky? What rates can residents of London 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 London?

Area Average Monthly Car Insurance Premium
London$128
KY$132
United States$80

Based on the chart above, you can see that it's about $4 a month cheaper to insure your vehicle in London than it is in the rest of Kentucky.

Compared to the national average cost of auto coverage, London has higher rates. It's around $48 more expensive to insure your vehicle in London compared to the average rate for the rest of the U.S.

Bear in mind that while these rates represent the expected monthly payments for London drivers, it doesn't mean that's what you'll pay. There are a variety of factors that car insurance companies consider to determine how much to charge you to insure your vehicle. Age, gender, vehicle make and model, driving record, and in some cases, your credit score, are all factored into assessing the final dollar amount you'll be asked to pay each month.

Don't sweat it however, we've broken down average rates for London residents so that you can get a more accurate idea of what you might pay. 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$185
25-34$132
35-44$114
45-54Not Enough Data
55-64$93
65+$113

The more time you've spent on the road, the more experience you have. That experience can lead to some serious savings when it comes to car insurance bills. According to the table above, you can see that 18-24-year-olds pay $72 more than drivers 65 and older.

As you get older, you can expect to see a drop in your monthly premium every 10 years. That said, once you hit retirement age, your rates may rise again in London.

Average Car Insurance Rates by Gender

Gender Average
Male$126
Female$130

Although female drivers pay, on average, less than male drivers to insure their car, London actually defies this trend. While female drivers pay $130 per month for car insurance coverage, males only pay about $126.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$167
Multiple Accidents$166
1 TicketNot Enough Data
Multiple Tickets$278

Depending on your driving record, your rates can vary wildly. Drivers with clean records can expect to pay much less than those with accidents or violations. Drivers in London with one accident will pay around $167 a month.

Wherever you live, accidents, tickets, and other driving infractions will almost certainly drive up your monthly bill. So, if cheaper car insurance is important to you, keep your record clean and drive safe.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$180
2-3 Years$114
4-5 Years$131
6-7 Years$134
8-10 Years$120
11-14 Years$144
15 Years or Older$121

If you look at the first table above, the cheapest vehicles to insure in London are usually SUVs, at $118 per month.

Truck and van drivers will see rates of about $140 for auto insurance, while car owners typically pay around $130 a month.

Vehicle age can also affect your monthly bill. Generally, the most expensive vehicles to insure are going to be newer ones. Once your car is a few years old however, your rates may start to dip back down a bit. In London, the most expensive vehicles to insure are vehicles less than one year old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$125
Married$127
Divorced$154
Widowed$124

Overall, car insurance is slightly cheaper for married policyholders. This usually boils down to owners having multiple vehicles on the same policy, something many companies offer special discounts for.

As you can see in the table above, married couples pay about the same rate as single drivers in London.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$119
Rent$128
Live with parents$159

Another factor taken into consideration is your housing situation. If you rent your home or apartment, expect to pay around $9 a month more than drivers who own property in London. But if you live with your parents, your rates will be significantly higher.

Many companies, however, will offer you a discount to bundle your home or rental insurance with your auto insurance policy, which can help reduce your average premiums.

Car Insurance Companies in London, KY

Recent trends in car insurance for London drivers

Since average rates are constantly changing, it's a smart move to research the local trends in your area before shopping for coverage.

The rates for car insurance in London had been increasing from 2016-2018, when they hit a high of $155. This pattern leveled out in 2019, when they began to decrease, and have continued to do so through the present, where rates finished at $104 per month.

How does London compare to neighboring areas?

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

When considering how much to charge for an insurance policy, car insurance companies will evaluate a variety of factors. Where you live will also have a significant impact on your personal policy. This may include things like:

  • Crime
  • Rate of car accidents
  • Local laws
  • Amount of drivers
  • Access to off-street parking

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. 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 London?

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.

Don't worry, Compare.com has you covered. Enter your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering policies in London in no time.

Compare the cheapest quotes from dozens of insurance companies

London Insurance FAQs

What factors affect car insurance quotes in London?

Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your gender and age, but also factors like your address, credit score, driving record, and marital status.

Why is the cost of car insurance in London 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 London?

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 by using sites like Compare.com to compare multiple quotes at once.

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

Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart 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. 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 London 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