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How much is car insurance in Owensboro?
|Area||Average Monthly Car Insurance Premium|
Car insurance coverage in Owensboro is about $33 cheaper than it is in the rest of Kentucky.
On the flip side, residents of Owensboro might expect to pay higher rates for coverage than the rest of the country. The average monthly payment in Owensboro is about $19 more expensive than the rate for the rest of the U.S.
Bear in mind that while these are the average car insurance rates for Owensboro, you could end up paying something different. There are a variety of factors that car insurance companies assess when determining how much to charge you to get your vehicle insured. Age, gender, vehicle make and model, driving record, and in some cases, your credit score, are all taken into consideration when calculating the final dollar amount you'll be asked to pay each month.
We've broken down the average rates for Owensboro to help you understand what exactly you might be asked to pay. And if you're not certain that you're paying the lowest option, simply enter your ZIP below and find out in just minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The longer you've been behind the wheel, the more experienced of a driver you are. That experience can turn into some real savings when it comes to car insurance bills. As you can see, 18-24-year-olds pay twice as much as drivers of retirement age.
For every 10 years, you can expect to see a drop in your monthly premium. That said, once you hit retirement, your rates may begin to go back up in Owensboro.
Average Car Insurance Rates by Gender
In general, female drivers pay less for car insurance than their male counterparts. This is true in Owensboro, where women pay around $9 less a month. Looking at the table above, you can see that female drivers pay around $95 on average, while male drivers typically pay $104 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
|Multiple Tickets||Not Enough Data|
Your driving record can have a huge impact on your car insurance rates. Drivers with clean records will pay lower rates than those with accidents or violations. In Owensboro, a driving record with a single accident will usually get you a rate around $112 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $116.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$48|
|15 Years or Older||$97|
If you look at the first table above, you'll see that SUVs are by and large the cheapest vehicles to insure in Owensboro, with drivers paying around $98 per month for auto insurance coverage.
SUV owners, on the other hand, usually pay around $98 per month, while truck and van drivers can expect to pay about $100 a month to insure their car.
You may also see different rates based on your vehicle's age. Newer vehicles are generally going to be the most expensive to insure. However, your rates may start to drop back down once your car is about 5 years old. The most expensive vehicles to insure in Owensboro are vehicles four-to-five years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$108|
Generally, people who are married will pay slightly less for insurance coverage. This occurs because insurance companies commonly award special discounts to policyholders with multiple vehicles that are on the same policy.
At a national level, single drivers usually pay more than married couples do for auto insurance. Owensboro follows that pattern, with the difference totaling to around $28 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$164|
Your housing situation is another factor that affects your monthly rate. Those who own their own home in Owensboro can expect to pay around $17 a month less than those who rent. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.
If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your overall costs, depending on your insurance company.
Car Insurance Companies in Owensboro, KY
Recent trends in car insurance for Owensboro 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 Owensboro declined from 2016-2017, before leveling out in 2018. Rates began decreasing again in 2019, and finished up in 2021, at $105.
How does Owensboro compare to neighboring areas?
Why are car insurance rates in Owensboro different from other areas?
When considering how much to charge for a monthly rate, car insurance companies will consider a number of factors. The price of your insurance policy will depend largely on where you live and will be influenced by things such as:
- Area laws
- Local crime rates
- Availability of off-street parking
- Total drivers
- Frequency of car accidents
You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. 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 Owensboro?
Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.
Good news! Compare.com will handle the heavy lifting for you. Just punch in your ZIP Code below, respond to a few questions, and you'll be comparing the cheapest quotes from numerous car insurance companies offering auto coverage in Owensboro.
Owensboro Insurance FAQs
What factors affect car insurance quotes in Owensboro?
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 driving record, address, credit score, marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Owensboro different from other neighboring cities?
Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like parking situations, local laws, and crime rates when calculating your quote -- all of which can change from city to city.
Which car insurance company will offer me the cheapest rate in Owensboro?
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 Owensboro?
Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Owensboro or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?