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The cost of an accident in Kentucky

Kentucky is the 9th most expensive auto insurance state in the United States. As of December 2013, the average annual insurance rate in Kentucky is $1725. This is significantly higher than the national average. Considering that the auto insurance rates are already high in this state, let us consider the effect of accidents on the auto insurance premium in Kentucky.

According to data released by the National Highway Traffic Safety Administration (NHTSA), there were 720 fatalities in Kentucky in 2011, and in 2012 this number increased to 746. Of the 720 deaths in 2011, 172 (i.e., 24%) were alcohol impaired driving fatalities, and 168 of the 746 were alcohol impaired fatalities in 2012. High accident rates in an area usually drive up insurance rates in the area, because insurance companies manage costs by increasing premiums.

In Kentucky, your premium could go up to $2070 per year on a multi-car policy or up to $2415 per year for a single-car policy, if your insurance company is one of the many that follow the Insurance Services Office’s (ISO) standard of raising premiums. If your accident was merely a fender bender, there are chances that your insurance company might forgive you your one blunder. However, if you were involved in an accident – or worse, if you have caused an accident – that entailed major property damage or serious medical injuries, your rates are likely to shoot up to $2588 or $3450.

The table below shows the impact of accidents on insurance premiums in Kentucky –

City Average Annual Insurance Premium ($) Average annual insurance premium after one accident ($) Average annual insurance premium after two accidents ($)
Covington 1,230 1,515 2,260
Owensboro 1,245 1,533 2,287
Lexington 1,285 1,583 2,361
Frankfort 1,293 1,592 2,376
Paducah 1395 1718 2563
Elizabethtown 1,420 1,749 2609
Danville 1,434 1,766 2,635
Bardstown 1,505 1,854 2,765
Bowling Green 1,622 1,998 2,980
Louisville 1,736 2,138 3,190

In the zip codes where the auto insurance premium rates are high, accidents are likely to hit you harder in terms of insurance premiums. Multiple crashes on your driving record where you were at fault for the accident might result in your insurance carrier breaking up with you, and dropping you from coverage. While you switch to another carrier, it might be advisable to take a defensive driving course. This might help lower your premiums.

Kentucky Auto Insurance Rates

Below are the minimum, average and maximum insurance rate estimates for neighbourhoods in and around Kentucky, KY.

Lowest Rate:$1200
Average Rate:$1700
Highest Rate:$2500

Recent Savings From Top Providers in Kentucky

Rank Customer Zipcode Amount Saved
1 40422 $677
2 42100 $670
3 38079 $668
4 40003 $666

Compare Auto Insurance Companies in Kentucky

Company A.M Best Rating on
Financial Strength
Year Founded
Progressive A+ 1937
State Farm A++ 1922
Allstate A+ 1931
GEICO A++ 1936
Nationwide A+ 1925
Kentucky Farm Bureau A 1919

Kentucky Auto Insurance Requirements

Minimum limits of liability for auto insurance in Kentucky as per KY State Laws

Bodily Injury Liability

  • $25,000 for death/injury of any one person, per accident.
  • $50,000 for all persons per accident.

Property Damage Liability

  • $10,000 per accident.

Kentucky Car Insurance Average Rates by Make

In addition to the location, one key factor that contributes to the insurance rates in Kentucky is the vehicle's make and model. Especially the vehicle's theft rates in Kentucky

MakeInsurance Average PremiumView Details
MakeInsurance Average PremiumView Details

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Latest Auto Insurance Reviews in Kentucky


$35 for 1 Month

I've never had any accidents or DUI's. I had one speeding ticket 20 years ago. I insure a 2003 Chevy S-10 pickup. I'm almost 40. Male. Not married currently. I primary drive to work and back which is 8 miles one way. For the truck being 10 years old it only had 60k miles. I have basic liability. The minimum my state allows where I can. I'm a safe driver so I try to save. Taking a chance, I know. I chose Geico because they gave low rates and they're a big reputable insurer. I've been with them for the last 15 years without a problem. No complaints. Haven't had to use them and they accept my payments. It's the only thing of mine they insure. I don't really have anything valuable to insure except my house and it is already insured. I may check on getting cheaper rates.

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