Cheapest Car Insurance Quotes In Owensboro, KY For 2024

Auto-Owners is the most affordable choice in Owensboro, with an average monthly rate of $30.

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Updated: 27 March 2024
Written by
Bob Phillips
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When searching for the most budget-friendly car insurance in Owensboro, KY, there’s a range of options to consider, but one company stands out for its competitive pricing: Auto-Owners. On average, residents can expect to pay around $30 per month for their car insurance, which is notably lower than the state’s average of $140.

For those interested in the most economical liability-only coverage, Auto-Owners is the top choice. Meanwhile, individuals seeking more extensive protection will find that Nationwide offers the best rates for full coverage policies, priced at $63 per month. Additionally, State Farm provides the most affordable rates for young drivers, coming in at $122 per month.

Cheapest Car Insurance Companies In Owensboro, KY

Cheapest Car Insurance, Owensboro, KY

Our Methodology

Utilizing a thorough examination that considers various factors including customer service ratings, product choices, pricing, and a meticulous assessment of multiple online review platforms and user feedback, I've developed a comprehensive understanding of the car insurance market in Owensboro, KY. This perspective is informed by over 15 years of direct involvement in the industry as a licensed insurance agent, involving numerous interactions with representatives from different companies, and insights gathered from firsthand experiences.

65

Quotes Analyzed

15+

Years Of Industry Experience

22

Brands Reviewed

35+

Research Hours

How Much Is Car Insurance In Owensboro, KY?

Auto-Owners provides the most affordable car insurance in Owensboro, KY, offering coverage for as low as $110 per month. Compared to the average rates in Kentucky and the entire United States, rates are significantly lower, as illustrated in the table below:

Area Average Monthly Rate
National $152
Kentucky $140
Owensboro, KY $110

Keep in mind that the national average cost encompasses both high-cost states like New York, New Jersey, and California, as well as low-cost states such as Mississippi, Kentucky, and Wyoming. Rates can fluctuate based on several factors, including vehicle type, coverage amount, zip code, driving history, and more, resulting in variations in costs by location.

Cheapest Car Insurance Rates In Owensboro For Minimum Coverage

Auto-Owners stands out as the most affordable car insurance provider for minimum coverage in Owensboro, with an average monthly cost of $30.

Provider Average Monthly Cost Average Annual Cost
Auto-Owners $30 $358
Progressive $42 $500
GEICO $43 $514
State Farm $48 $574
Westfield $49 $581

A minimum car insurance policy should include, at the very least, the following:

  • $25,000 for bodily injury per person
  • $10,000 for bodily injury per accident
  • $10,000 for property damage per accident

Maintaining minimum car insurance offers some level of protection while driving, covering liability for injuries and property damage to others. However, it lacks collision or comprehensive insurance, leaving your vehicle uninsured for damages in accidents, theft, or natural disasters.

In Kentucky, driving without insurance is against the law. Failing to provide proof of insurance during a traffic stop can lead to penalties ranging from fines to license suspension or more severe consequences.

Cheapest Car Insurance Rates In Owensboro For Full Coverage

Nationwide offers the most affordable car insurance rates for full coverage in Owensboro, with quotes averaging $63 per month.

Provider Average Monthly Cost Average Annual Cost
Nationwide $63 $754
GEICO $95 $1,141
Westfield $103 $1,238
Allstate $110 $1,314
State Farm $111 $1,326

Full coverage car insurance provides comprehensive protection that extends beyond the basic coverage required by law. It typically combines comprehensive and collision coverages.

Comprehensive coverage protects against non-collision incidents such as theft, vandalism, or natural disasters, while collision coverage provides financial protection for vehicle damage resulting from accidents, regardless of fault.

Cheapest Car Insurance Rates In Owensboro For Seniors

Nationwide offers the most affordable car insurance rates for seniors in Owensboro, with quotes averaging $58 per month.

Provider Average Monthly Cost Average Annual Cost
Nationwide $58 $694
GEICO $92 $1,095
Progressive $93 $1,107
State Farm $101 $1,213
Allstate $104 $1,249

In Kentucky, numerous seniors may discover favorable car insurance rates, influenced by various advantageous factors. While age commonly plays a role in insurance rate calculations, with older age sometimes linked to reduced driving ability, this stereotype doesn’t apply universally.

Cheapest Car Insurance Rates In Owensboro For Teenagers

Teenage drivers in Owensboro can access the most budget-friendly quotes from USAA, with average monthly premiums of $177.

Provider Average Monthly Cost Average Annual Cost
Kentucky Farm Bureau $247 $2,962
Nationwide $318 $3,814
Cincinnati $328 $3,934
USAA $177 $2,122
State Farm $210 $2,518

Teenage drivers typically encounter the highest car insurance premiums, primarily because of their lack of experience on the road. Insurance providers classify these young drivers as high-risk because they statistically have a higher likelihood of being involved in accidents and committing traffic violations.

Cheapest Car Insurance Rates In Owensboro For Young Adults

State Farm provides the most economical quotes for young adults in Owensboro, with rates averaging around $122 per month.

Provider Average Monthly Cost Average Annual Cost
SAFECO $154 $1,846
Nationwide $177 $2.122
Kentucky Farm Bureau $186 $2,230
State Farm $122 $1,462
USAA $140 $1,678

In Kentucky, young adult drivers typically enjoy lower car insurance rates compared to teenagers. This difference in pricing is due to the development of driving habits and a corresponding decrease in risky behaviors as drivers mature.

Statistically, young adults are less likely to file claims with insurance companies, reflecting a decrease in accident involvement. As a result, insurers lower premiums, acknowledging the improved safety records and reduced likelihood of claims from these more experienced drivers.

Cheapest Car Insurance Rates In Owensboro For Good Drivers

Drivers with good records in Owensboro can secure the most affordable car insurance quotes from Auto-Owners, with rates averaging around $30 per month.

Provider Average Monthly Cost Average Annual Cost
Auto-Owners $30 $358
Progressive $42 $500
GEICO $43 $514
State Farm $48 $574
Westfield $49 $581

In Owensboro, drivers with clean driving records generally receive lower car insurance rates because they are viewed as lower risk. Insurance companies utilize driving records to assess how safely a person drives. A history with fewer incidents, such as accidents or traffic violations, indicates that the driver is cautious and less likely to file a claim.

Insurers determine rates based on the probability of a driver making a claim. Therefore, a flawless driving record can result in substantial savings on premiums. It’s essentially a matter of risk assessment: the cleaner the record, the lower the perceived risk, and consequently, the lower the insurance cost.

Cheapest Car Insurance Rates In Owensboro For Drivers With Prior Incidents

In Owensboro, drivers with records of traffic violations, such as accidents, speeding tickets, or DUIs, often encounter challenges in obtaining affordable car insurance. These driving infractions cause insurance companies to categorize them as high-risk, indicating a higher likelihood of filing future insurance claims.

As a result, insurance providers increase their rates for these individuals to offset the risk of potential higher claim payouts.

Cheapest Car Insurance Rates In Owensboro For Drivers With A Speeding Ticket

Auto-Owners stands out for its affordability compared to other insurance companies. The company offers average rates of $77 per month, making it a cost-effective option for customers.

Provider Average Monthly Cost Average Annual Cost
Auto-Owners $77 $922
Travelers $108 $1,294
Geico $113 $1,354
Allstate $142 $1,702
Progressive $143 $1,714

Cheapest Car Insurance Rates In Owensboro For Drivers With An At-Fault Accident

Auto-Owners provides the most economical car insurance quotes for drivers with an at-fault incident, with an average rate of $92 per month.

Provider Average Monthly Cost Average Annual Cost
Auto-Owners $92 $1,102
Travelers $113 $1,354
Geico $208 $2,494
Progressive $172 $2,062
Allstate $170 $2,038

Cheapest Car Insurance Rates In Owensboro For Drivers After A DUI

Nationwide offers the most affordable rates for drivers with a DUI in Owensboro, with average monthly premiums of $122.

Provider Average Monthly Cost Average Annual Cost
Nationwide $122 $1,462
Westfield $269 $3,286
Geico $319 $3,623
Progressive $150 $1,798
Allstate $160 $1,918

Best Car Insurance Companies In Owensboro

When selecting a car insurance company in Owensboro, it’s crucial to balance affordable rates with reliable protection on the road. Here are the top 10 car insurance companies in Owensboro, KY, ranked by the average monthly rate they offer:

Company Monthly Premium
Nationwide $115
Travelers $127
SafeAuto $134
Westfield $140
State Farm $80
Kentucky Farm Bureau $105
USAA $98
SAFECO $120
Cincinnati $134
Motorists Mutual $137

Average Car Insurance Rates By Age In Owensboro

Age Average Yearly Rate
Teenagers $3,696
20s $1,990
30s $1,150
40s $1,174
50s $1,006
60s $1,114
70s $1,318

Age plays a crucial role in determining car insurance rates. Typically, younger drivers, especially teenagers and young adults, encounter higher insurance premiums due to their lack of experience and statistically higher chances of accidents and traffic violations. However, as drivers reach the age of 25, their rates generally begin to decrease, assuming they maintain a clean driving record.

The most favorable insurance rates are often offered to drivers in their 50s and early 60s. Insurance companies utilize age as a metric to assess driving experience and risk potential, adjusting the cost of premiums accordingly.

Average Car Insurance Rates By Vehicle Type In Owensboro

Vehicle Average Monthly Rate
Ford Taurus $315
Buick Enclave $317
Nissan Altima $198
Hyundai Accent $92
Nissan Rogue $181

The type of vehicle you drive plays a significant role in determining your car insurance costs. Insurance companies consider factors such as the make, model, year, and body type of the car. Generally, newer vehicles, particularly luxury models with advanced technology and higher replacement costs, tend to have higher insurance rates.

On the other hand, older cars or those that are less expensive to repair or replace may result in lower premiums. Insurers take these factors into account because they directly impact the potential cost of claims. For example, repairs for a high-end car are typically more expensive than for a standard vehicle. Moreover, certain car models known for their safety features may qualify for lower insurance rates due to a reduced risk of accidents and injuries.

How Much Is Car Insurance For Other Cities In Kentucky?

City Average Monthly Rate
Lexington $132
Louiseville $132
Somerset $123
Versailles $115
Ashland $112
Bowling Green $123
Covington $122
Frankfort $124
Hopkinsville $111
La Grange $143

The city where you live greatly influences your car insurance rates. Insurance companies evaluate several factors associated with your location, including the likelihood of accidents, vehicle theft, and vandalism rates, which tend to be higher in urban areas. This heightened risk often results in higher premiums.

FAQs

Who has the lowest car insurance rates in Owensboro?

Auto-Owners provides the lowest car insurance rates in Owensboro for the minimum coverage required by the State of Kentucky. Meanwhile, Nationwide offers the most affordable rates for full coverage, which includes comprehensive and collision coverage.

What is the average cost of car insurance in Owensboro?

The average cost of car insurance in Owensboro is approximately $110 per month. However, rates can vary depending on factors such as your zip code, the year and model of your car, your driving record, and other relevant details.

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