Madisonville, KY Car Insurance

On average, drivers in Madisonville pay around $99 per month for their car insurance. To find out more check out our guide below.
Compared to their surrounding area, how do rates in Madisonville stack up? What about against the rest of Kentucky? What rates should residents of Madisonville expect to pay for their car insurance? See what factors contribute to determining the average cost in our detailed charts and breakdowns below:  

How much is car insurance in Madisonville?

Area Average Monthly Car Insurance Premium
Madisonville$99
KY$132
United States$80

Compared to the rest of the Kentucky, coverage in Madisonville is about $33 a month cheaper.

That being said the expected monthly payments for an auto insurance policy in Madisonville are above the national average. The average monthly payment in Madisonville is about $19 more expensive than the rate for the rest of the U.S.

Although these are the average car insurance rates in Madisonville, you could end up paying something different. Insurance companies take in a number of factors when deciding what amount to charge you for insuring your vehicle. The final dollar amount you'll be asked to pay each month is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.

But don't worry, we've broken down the average rate for Madisonville residents based on several different factors so that you can get a more accurate idea of the bill you'll see each month. If you're not certain that you're getting the cheapest rate for your area, just enter your ZIP below to find out!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18$200
18-24$149
25-34$99
35-44$100
45-54$83
55-64$74
65+$85

It makes sense that older drivers would have more experience behind the wheel. When it comes to car insurance bills, that experience can help put some change back into your pocket. According to the table above, you can see that 18-24-year-olds pay significantly more than drivers 65 and older.

You can expect to see your monthly premium drop about once a decade or so. Once you hit retirement, however, you may see your rates rise again in Madisonville.

Average Car Insurance Rates by Gender

Gender Average
Male$102
Female$98

Female drivers pay, on average, slightly less than their male counterparts. The difference in Madisonville is about $4 a month. As illustrated in the table above, male drivers in the area pay about $102 on average, while female drivers pay around $98 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$109
Multiple Accidents$117
1 Ticket$114
Multiple Tickets$106

Depending on your driving record, your rates can vary wildly. Drivers with clean records will pay much lower rates than those with accidents or violations. Drivers in Madisonville with one accident will pay around $109 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $114.

When it comes to your monthly bill, accidents, tickets, and other driving infractions can really take a toll. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$88
2-3 Years$144
4-5 Years$141
6-7 Years$97
8-10 Years$100
11-14 Years$98
15 Years or Older$97

As you can see in the first table above, the cheapest vehicles to insure in Madisonville are usually SUVs, trucks, and vans, which run about $96 per month.

On the other hand, car owners, can expect to pay about $101 per month for insurance coverage.

You can also expect to see slightly different rates depending on your vehicle's age. Generally, newer vehicles are going to cost the most to insure. Once your car is a few years old, however, you may see your rates begin to drop back down. In Madisonville, the most expensive vehicles to insure are vehicles four-to-five years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$101
Married$99
Divorced$85
Widowed$90

More often than not, 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.

While single drivers normally pay more for auto insurance than married drivers do, both groups pay about the same rate in Madisonville.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$88
Rent$99
Live with parents$84

Your housing status is another component of how insurance companies calculate your monthly rate. If you rent your home or apartment, expect to pay around $11 a month more than those who own their own home in Madisonville. But if you live with your parents, your rates will be significantly higher.

Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.

Car Insurance Companies in Madisonville, KY

Recent trends in car insurance for Madisonville drivers

Given that average rates are often changing, it's a smart move to know the direction your area is trending when deciding when and where to shop.

In Madisonville, car insurance rates rose from 2015-2018, before turning downward from 2019-2020. They finished up in 2021, at $96.

How does Madisonville compare to neighboring areas?

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

When considering how much to charge for an insurance policy, car insurance companies will evaluate a variety of factors. The specifics of where you park your car will have an impact on your personal policy. This might include things like:

  • Rate of car accidents
  • Total number of drivers in the area
  • Regional crime rates
  • Off-street parking accessibility
  • Area laws

Having an awareness of these factors is critical when thinking about buying a new policy or potentially moving to a new home. 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 Madisonville?

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 has you covered. Simply enter your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from many of the car insurance companies providing plans in Madisonville in no time.

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Madisonville Insurance FAQs

What factors affect car insurance quotes in Madisonville?

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 credit score, driving record, marital status, and address.

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

Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like crime rates, local laws, and parking situations -- which can vary from city to city -- can significantly affect your rate.

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

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 Madisonville?

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 Madisonville 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