Best Owensboro, KY Auto Insurance in 2024

Cheap car insurance in Owensboro, KY is offered by Kentucky Farm Bureau with rates as low as $25 per month. Other best Owensboro, KY car insurance companies such as State Farm, State Auto, Nationwide, and Liberty Mutual also offer competitive premiums. Kentucky auto insurance requires you to have 25/50/10 minimum in liability coverage. This means Liability insurance will pay if the driver is responsible for the accident. We recommend carrying more than the Owensboro, KY auto insurance minimum in the event of a worst-case scenario.

Owensboro, KY was named after a famous American Colonel, Abraham Owen, who fought in the US military in the late 1700’s and early 1800’s. In the past, Owensboro, KY was the #1 location for wagon manufacturing in the entire country. It is located in the northwestern part of the state, and is only a short driving distance away from one of the biggest cities in Indiana: Evansville.

Fun fact: Did you know that Owensboro is #1 on the list of “Top 101 cities with largest percentage of males working in industry: Utilities (population 50,000+)”?

Do you need cheap auto insurance in Owensboro, KY? At AutoInsuranceEZ.com, you could find the cheapest auto insurance in Owensboro, KY. To acquire free car insurance quotes from the top providers today, input your ZIP code into the quote box on this page.

Auto Insurance Coverage Requirements in Kentucky

Driving legally in Owensboro requires:

Coverage	Requirements	Most Common
Bodily Injury Liability	25,000/50,000	100,000/300,000
Property Damage Liability	10,000	50,000
Uninsured Motorist Bodily Injury	Not required	100,000/300,000
Medical Payments	Not required	100,000
Collision	Not required	500 deductible
Comprehensive	Not required	500 deductible

Think you can save money with Liability coverage only? Well, maybe…if you’re a very careful driver. But you can’t always have total control over what happens on the road. And for any accident that isn’t your fault, you may have to endure a large financial burden in order to get everything taken care of.

Your typical motorist might be paying as high as $125 or more per month for auto insurance in Kentucky. However, you can lower your rates in Owensboro down to $39/mo* if you act now. We’ll show you how to get the best rates in your area.

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Cheapest Car Insurance Owensboro, KY

 

There are a variety of companies offering competitive rates, such as Erie Insurance Owensboro, KY, Progressive Insurance Owensboro, KY and more. If you’re interested in the lowest possible rate, then talk to Nationwide, Kentucky Farm Bureau, or State Farm. Those three are offering some of the lowest possible rates in Owensboro right now. However, keep in mind that low rates aren’t everything. It might be worth a little extra in premiums each month for a provider who carries the whole package – including good customer service and an excellent claims service.

Read more: Kentucky Farm Bureau Insurance

Auto insurance companies contemplate numerous elements when figuring out Owensboro, KY auto insurance quotes, including driving experience, geography, credit score/rating, driving distance to work, and business use of the vehicle. Also keep in mind that premiums differ among Owensboro, KY auto insurance companies. To make sure you’re still being charged the cheapest rate, compare cheap Owensboro auto insurance quotes online.

Major Factors in Cheap Car Insurance in Owensboro, Kentucky

There are numerous ways your car insurance rate may be estimated. But not all of it is out of your control; there are things you can do to be able to control what discounts you are entitled to receive. Listed below are a few of these components in greater detail:

Your ZIP Code

The cheapest car insurance is usually found in cities with a lower population density. Because there are fewer automobiles on the road, there are fewer opportunities for you to get into a major car accident with another driver. The population of Owensboro is 58,416 and the median household income is $40,132.

 

Automotive Accidents

Given the size and population of Owensboro, the accident statistics in the chart below are fairly low for the area. This is good news, because it means that Owensboro drivers get charged lower monthly rates on average, when compared to other cities.

 

Auto Thefts in Owensboro

Finding cheap auto insurance can be difficult if you are at risk for auto theft. Certain popular vehicle models are attractive to thieves, as well as vehicles which are parked often in large cities. The total number of stolen vehicles in Owensboro was 106 back in 2013. This is a very low per capita rate of auto theft. Therefore, adding expensive Comprehensive insurance to your policy might not be all that necessary in Owensboro.

 

Your Credit Score

Any steps you take to raise your credit score will also lower your monthly premiums, too. Most insurance companies put a lot of weight behind how good your credit rating is. As you can see in the chart, it can make a real impact on your monthly payment.

 

Your Age

As you can see from the chart, older drivers get to benefit from having years of experience behind the wheel by paying lower monthly Owensboro, KY auto insurance rates. But if you’re a young driver, don’t worry. There are great education-related discounts, especially for students who get good grades and take driving courses.

 

Your Driving Record

Got a few minor tickets that are still driving up your rates? Ask around about Accident Forgiveness. Some companies are willing to overlook minor infractions on your record and give you a lower rate if you don’t have anything too severe in your history, like Reckless Driving or a DUI.

 

Your Vehicle

Luxury vehicles cost more to insure because, in order to protect that investment properly, you need to buy lots of different coverage types and in large amounts. And the more insurance you buy, the more you have to pay in premiums each month to maintain that coverage.

 

Minor Factors in Cheap Auto Insurance in Owensboro, Kentucky

Of course, there are also these other premium-altering factors:

Your Marital Status

If you’re married, odds are you are already taking advantage of bundling discounts. But if you aren’t, you definitely should be! Bundling your policies together will net you some pretty big savings. It’s your Owensboro, KY car insurance company saying ‘thank you’ for trusting them with your business.

Your Gender

According to most insurance companies, there is hardly any difference at all between the way men and women drive. Therefore, there is very little difference between how much insurance companies will charge either gender for their monthly premiums.

Your Driving Distance to Work

The typical work commute can last anywhere from 12-18 minutes in Owensboro. The vast majority of drivers – nearly 85% – prefer to drive their own vehicle in order to get to work. Between 6-21% choose to carpool.

Did you know that business vehicles cost 10-11% more on average to insure than personal-use ones? Also, the monthly premium cost between diving 5,000 miles per year and 15,000 miles per year isn’t as big as you think. Slashing your total mileage may only save you about 3-4% on premium costs.

Your Coverage and Deductibles

Has your provider clearly explained your deductible to you? If not, here’s what you need to know: they are the small (or sometimes large) fees you must pay your insurer before they will make good on a Comprehensive or Collision coverage claim. The higher your deductible, the lower your monthly rate (and vice versa). If you’re planning to raise your deductible in order to save money, make sure you save up a little extra money just in case you need to file a claim.

Education in Owensboro, KY

For many cities, drivers who have advanced their education by earning a college degree will likely be offered a lower rate on their auto insurance. This is true, usually regardless of your employment status or yearly salary. In Owensboro, more than 30% of residents have obtained a high school diploma or some equivalent. Another 20% have not yet finished their high school education.

Owensboro has several private and public options to choose from when it comes to higher education. Both Western Kentucky University and Daymar College own and operate campuses nearby. There are also two four-year private schools, Kentucky Wesleyan College and Brescia University. But if you’re looking for more of a specialized degree, look no further than Owensboro Community and Technical College.

Unfortunately for most insurance companies, an easy search on the internet can uncover many of their business secrets. But even with the correct information, it can still be difficult for you as an individual to figure out your risk profile and get low-cost insurance. Be sure to do your due diligence before you commit to your next affordable Owensboro, KY auto insurance policy.

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How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

Kentucky Department of Insurance

Kentucky Department of Financial Institutions

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov

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