Car Insurance in Kentucky

Posted & filed under States.

Kentucky QuarterKentucky Auto Insurance Requirements
Reviewed by Dr. Christine Berry

Kentucky has minimum auto insurance coverage requirements mandated by state law and the Kentucky Department of Insurance. The following minimum coverage is required on every registered vehicle, except as noted below:

Table: Minimum Auto Insurance Coverage Amounts Required in Kentucky
(Source: Kentucky Department of Insurance)

Driving without the mandatory liability insurance in Kentucky can result in a $1,000 fine, suspension of driving privileges, and up to three months in jail. (Source: Kentucky Transportation Cabinet)

The Kentucky Automobile Insurance Plan is available to drivers who are unable to obtain required coverage through the voluntary market. More information is available on the AIPSO website.

Factors Influencing Car Insurance Premiums in Kentucky

Getting a quote for cheap car insurance in Kentucky requires some research and rate comparisons between different insurance companies, even though Kentucky ranks just below national averages for car insurance costs. Some factors that impact insurance rates in Kentucky include:

– Kentucky is a “no-fault” state, and requires PIP insurance
– Vehicle repair costs are generally less expensive in Kentucky than elsewhere
– A much higher percentage of uninsured drivers compared to national averages, according to the Insurance Research Council
– Vehicle theft rates below national averages

According to the Insurance Information Institute, the average annual auto insurance expense for drivers in Kentucky is $699; the national average is $785.

Tips for Obtaining Cheap Car Insurance in Kentucky

– Ask about a discount for taking a “Motor Vehicle Accident Prevention Course” – insurers are required by law to offer this discount in Kentucky
– Some insurance companies offer “pay as you drive” car insurance for low mileage drivers in Kentucky
– Belonging to an affinity group for retirees or a business association might make you eligible for a discount
– Staying with the same company for a number of years might make you may be eligible for special savings or loyalty discounts
– Maintain a good credit score
– Create a personal “emergency fund” of up to $1500 and increase deductibles accordingly
– Drop comprehensive and collision insurance on older vehicles that are completely paid off and worth less than $1,000

Kentucky Statistics

Auto Theft: Kentucky has a relatively high vehicle theft rate, but it has been decreasing (as is the case in most states) consistently over the past 10 years. This can be attributed primarily to anti-theft devices being standard on recent model cars, as well as public awareness of the issue:

Table Showing Number of Stolen Cars in Commonwealth of Kentucky, 1990 through 2010Chart showing per capita motor vehicle theft in Kentucky, 1990 to 2010Chart showing total number of stolen cars in Kentucky, 1990 to 2010

(Sources: Kentucky State Police; U.S. Census Bureau)

Automobile Accidents: The total vehicle miles traveled in Kentucky has remained constant in recent years, but vehicle accident fatality rates have declined. Kentucky is above the national average in numbers of deaths in car crashes.

Number of deaths from Kentucky car accidents, 2006 to 2010(Source: National Highway Traffic Safety Administration)

Enter your Zip Code below to find Cheap Car Insurance in Kentucky.