Is auto insurance cheaper in Kentucky?

Is car insurance more expensive in Kentucky?

Car insurance policies are expensive in Kentucky. The average auto insurance price in Kentucky is $2,050 per year — more than the nationwide average by 43.7%.


Coverage Average Yearly Rate
State Minimum — $500 Comprehensive/Collision $2,043

Why is car insurance so expensive in KY?

Car insurance in Kentucky is expensive because the state has higher than average traffic fatalities, with 1.36 deaths per 100 million miles driven (compared to the national average of 1.1). … As the cost of providing insurance goes up, the premiums insurers charge also rise.

How much is car insurance per month in Kentucky?

Car insurance in Kentucky costs $78 per month, on average, or $931 per year. The average cost of car insurance in Kentucky is 29% higher than the national average auto insurance premium, and Kentucky ranks 40 out of 50 for the most affordable car insurance rates in the U.S.

How much is Kentucky insurance?

The average cost of car insurance in Kentucky is $748 to $2,128 per year, depending on whether you choose minimum or full coverage. There are ways to beat the state average if you know the factors that affect car insurance rates in Kentucky.

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Why is my car insurance so high?

Common causes of overly expensive insurance rates include your age, driving record, credit history, coverage options, what car you drive and where you live. Anything that insurers can link to an increased likelihood that you will be in an accident and file a claim will result in higher car insurance premiums.

Why do car insurance rates go up?

Auto accidents and traffic violations are common explanations for an insurance rate increasing, but there are other reasons why car insurance premiums go up including an address change, new vehicle, and claims in your zip code.

Is Kentucky a no fault state?

Yes, Kentucky is a “choice no-fault” state, which means that, by default, drivers in Kentucky are required to carry PIP coverage on their auto policy and file accident claims through their own insurance first, but the Commonwealth does allow drivers to opt out of the no-fault system by request.

Does Kentucky require car insurance?

Auto insurance requirements in Kentucky. Like most states, Kentucky requires all drivers to carry car insurance. Furthermore, drivers must carry proof of insurance at all times while driving and must show their insurance ID cards to any law enforcement official who requests them.

What is the average cost of health insurance in Kentucky?

For 2021, the average cost of health insurance in Kentucky is $470 for a 40-year-old. This represents a 3% increase from the 2020 plan year when the monthly cost was $455.