Table of contents
How much is car insurance in Louisville?
| Area | Average Monthly Car Insurance Premium |
|---|---|
| Louisville | $179 |
| KY | $132 |
| United States | $80 |
As you can see, car insurance policies across the rest of Kentucky are about $47 a month cheaper than the rates drivers pay in Louisville.
Compared to the national average cost of auto coverage, Louisville has higher rates. It's around $99 more expensive for coverage in Louisville than the average rates seen in the rest of the U.S.
While these are the average costs to insure your vehicle in Louisville, keep in mind that you could end up paying a different amount. Insurance companies take in a variety of factors when determining how much to charge you for coverage. Variables like age, gender, vehicle make and model, driving record, and even credit score (depending on your area) can all be taken into consideration when determining your monthly payment amount.
Don't sweat it however, we've broken down average rates for Louisville residents based on several different factors so that you can get a more accurate idea of the bill you'll see each month. To find out if you're overpaying for your area, just enter your ZIP below and find out in minutes!
Average Car Insurance Rates by Age
| Age Range | Average Premium |
|---|---|
| Under 18 | $468 |
| 18-24 | $286 |
| 25-34 | $175 |
| 35-44 | $156 |
| 45-54 | $147 |
| 55-64 | $142 |
| 65+ | $139 |
Generally speaking, the older you are, the more experience you have driving, right? When it comes to auto insurance premiums, that experience pays off. As you can see, 18-24-year-olds pay two times as much as drivers 65 and older.
You can expect to see your monthly premium drop every 10 years or so. Louisville drivers may see their rates climb back up once they hit retirement.
Average Car Insurance Rates by Gender
| Gender | Average |
|---|---|
| Male | $182 |
| Female | $176 |
In general, women pay slightly less for car insurance than men. In Louisville, the difference comes out to about $6 a month. As you can see in the table above, female drivers in the area typically pay $176 on average, while female drivers typically pay $182 each month.
Average Auto Insurance Rates by Driving Record
| Infractions | Average Monthly Premium |
|---|---|
| 1 Accident | $246 |
| Multiple Accidents | $253 |
| 1 Ticket | $228 |
| Multiple Tickets | $267 |
Your rates can vary wildly depending on your driving record. Drivers with clean records will pay much lower rates than those with accidents or violations. Drivers in Louisville with one accident will pay around $228 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $246.
Accidents, tickets, and other driving infractions can really add up when it comes to how much you pay. 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 | $195 |
| 2-3 Years | $163 |
| 4-5 Years | $189 |
| 6-7 Years | $169 |
| 8-10 Years | $179 |
| 11-14 Years | $183 |
| 15 Years or Older | $176 |
According to the first table above, trucks and vans are by and large the cheapest vehicles to insure in Louisville, with drivers paying around $161 per month for insurance.
SUV drivers will see rates of about $168, while the rates for car owners average out to about $184 per month.
The age of your vehicle can also affect your monthly bill. Generally, newer vehicles are going to cost the most to insure. However, once your car is close to 5 years old, you might start to see your rates slide back down slightly. The most expensive vehicles to insure in Louisville, for example, are vehicles less than one year old.
Average Car Insurance Rates by Relationship Status
| Relationship | Average Monthly Premium |
|---|---|
| Single (never married) | $188 |
| Married | $152 |
| Divorced | $138 |
| Widowed | $138 |
Overall, those who are currently married will pay slightly less for car insurance coverage. This usually happens because companies will extend special discounts to policyholders with multiple vehicles that are on the same policy.
The difference in rates based on relationship status in Louisville is about $36 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 | $153 |
| Rent | $185 |
| Live with parents | $263 |
Your housing status is another factor that affects your monthly rate. If you rent your home or apartment in Louisville, expect to pay around $32 a month more than if you are a homeowner. 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 car insurance premiums.
Car Insurance Companies in Louisville, KY
Recent trends in car insurance for Louisville drivers
The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area before shopping for coverage.
The rates for car insurance in Louisville had been increasing from 2016-2018, before leveling out in 2019. Rates increased again recently, reaching a high of $203 in 2021.
How does Louisville compare to neighboring areas?
Why are car insurance rates in Louisville different from other areas?
When considering how much to charge for an insurance policy, car insurance companies will evaluate many factors. While we already mentioned the ones that affect your personal policy, others are influenced by where you live and drive. These include things like:
- Area laws
- Amount of off-street parking
- Total drivers
- Road safety
- Prevalence of crime
While you won't have the ability to change these factors yourself, they can be handy to keep in mind when seeking a new policy or considering 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 Louisville?
While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Fortunately, Compare.com does all of that work for you. Just enter your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from the many car insurance companies offering plans in Louisville.
Louisville Insurance FAQs
What factors affect car insurance quotes in Louisville?
The factors that car insurance companies take into account when calculating your monthly cost 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 Louisville different from other neighboring cities?
Crime rates, local laws, 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 Louisville?
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 Louisville?
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 point, no matter how much time is left on your current policy. If you're thinking about moving to Louisville or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.