Best Cheap Auto Insurance in Owensboro, Kentucky (2023)

If you’re tired of paying too much for car insurance in Owensboro, KY, look at Auto-Owners Insurance, State Farm, and GEICO — they offer the cheapest overall rates. With an average cost of $229 per month, drivers in the Bluegrass Music Capital of the World pay 9% less than the national monthly auto premium average of $253.

However, car insurance quotes depend on more than just your location. Every detail counts, from your driving history to the make and model of your vehicle — even your age and gender. Read on to uncover the best options for cheap car insurance in Owensboro.

Cheapest car insurance companies in Owensboro

Auto-Owners Insurance leads as the best cheap car insurance in Owensboro. Keep in mind that the best insurance company for you depends on your unique circumstances. Your driving history, insurance coverage needs, and personal preferences all play a vital role in choosing an insurer.

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Cheapest liability-only coverage: Auto-Owners Insurance

Auto-Owners is a reliable choice with a reputation for low rates and superior service. It has the cheapest liability-only car insurance in Owensboro. Plus, the company operates offices in the Apollo neighborhood, the Northwest and Old Owensboro areas, and in Midtown East.

Auto-Owners policyholders pay an average monthly cost of just $67. Additionally, the insurer has an Insurify Quality (IQ) Score of 4.1 out of 5, indicating a solid reputation within the insurance industry.

Cheapest for drivers with a DUI: State Farm

State Farm is the most cost-effective choice for drivers in Owensboro with a DUI on their record. However, it stands out for its personalized approach, thanks to its network of local insurance agents. You’ll find three State Farm agents near the heart of downtown, while two more are further south near the Owensboro Bypass.

A liability-only policy costs $69 per month, on average, while a full-coverage policy has an average premium of $98. With an IQ Score of 4.4, State Farm rates well for customer satisfaction and financial strength as well.

Best insurer for teen drivers: Travelers

Out of Owensboro’s leading insurers, Travelers has the highest number of local agents available for personalized assistance. Most of the 12 local agents are along Route 2831, but one is near Dermont, and three are across the Glover Cary Bridge in Indiana. Travelers is also one of the largest insurers in the U.S. and has competitive rates, including the best prices for teen drivers.

Travelers premiums cost an average of $75 for liability-only policies and $128 for full-coverage insurance. With an IQ Score of 4.2, you can expect great customer service from Travelers.

Cheapest liability-only car insurance in Owensboro

“Liability-only car insurance in Owensboro is an option for drivers who want to keep their premiums low,” says Dave Conway, co-founder at sustainable transport website EcoMotionCentral. “This type of insurance only covers the costs of damage to other people and their property, but not the driver's own vehicle.”

Below, you can see the average monthly quotes offered by insurers throughout the Owensboro area.

Cheapest full-coverage car insurance in Owensboro

Liability-only car insurance covers damages you cause to others, while full-coverage insurance also protects your own vehicle. It covers theft, damage from incidents like fire or flooding, and collisions. Since it offers more protection, full coverage is best if you have a newer or more valuable car.

Among the most budget-friendly options are Auto-Owners ($94), State Farm ($98), and GEICO ($111). USAA and Travelers also offer full-coverage protection at reasonable monthly prices.

Car insurance requirements in Kentucky

Kentucky’s no-fault law, enacted in 1975, limits who can file a lawsuit following a car accident. It also requires Owensboro drivers to have minimum liability insurance coverage and personal injury protection (PIP), which can pay for medical expenses, lost wages, and related expenses.

You might also consider these optional coverages:

• 

  Collision insurance

  This takes care of damages to your own car following a collision with another vehicle or object.

• 

  Comprehensive insurance

  This coverage goes beyond collisions, protecting against damages such as theft, vandalism, fire, or natural disasters.

• 

  Underinsured motorist insurance

  This steps in to protect you if you’re in an accident with a driver who doesn’t have insurance or falls short on coverage.

• 

  Rental reimbursement

  This helps pay for the cost of renting a vehicle while yours is in the shop for a covered claim.

• 

  Gap insurance

  This coverage bridges the “gap” between the amount you owe on your vehicle loan or lease and the amount the insurance company pays out following a total loss.

• 

  Custom equipment coverage

  This covers customized or aftermarket equipment you add to your vehicle, such as sound systems or specialized rims.

• 

  New-car replacement

  This additional protection for brand-new vehicles reimburses you for the cost of replacing your car after a total loss.

Cheapest car insurance for drivers with an incident

Insurance companies see drivers with an incident as wild cards on the road and charge more to offset the increased risk. “At-fault accidents, speeding tickets, and DUIs can increase car insurance rates in Owensboro,” says Conway.

In Owensboro, a speeding ticket or at-fault accident can increase premiums by 30% to 40%, while a DUI can cause rates to jump by 99%.

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Cheapest car insurance for drivers with a speeding ticket

Even with a speeding ticket, finding cheap car insurance in Owensboro is possible. With an average premium of $90, Auto-Owners Insurance is the lowest cost for drivers with speeding tickets. State Farm ($93) is another option below $100. You may be able to get a discount by taking a defensive driving course to offset the higher cost of insurance.

Here’s a look at how other insurers stack up for drivers with a speeding ticket.

Cheapest car insurance for drivers with an at-fault accident

Drivers with an accident generally find the cheapest car insurers in Owensboro are Auto-Owners Insurance and State Farm, with average monthly quotes of $96 and $99, respectively. Comparing companies is important, since the most expensive options cost nearly three times the price of the cheapest insurers.

Cheapest car insurance for drivers with a DUI

Finding affordable car insurance can be challenging for drivers with a DUI on their record. Most quotes are double what you’d pay with a clean driving history. For instance, Clearcover, The General, and CSAA have average monthly prices over $350 — more than twice the average rate of Auto-Owners and State Farm.

Cheapest car insurance for seniors

Senior drivers tend to pay the least among all age groups for car insurance in Owensboro. However, more than 10% of older adults also live below the poverty level, according to the Congressional Research Service.

“Many car insurance companies offer discounts for drivers over 55 who have taken defensive driving courses,” says Conway. “Additionally, seniors may be able to find more affordable car insurance by increasing their deductibles.”

Cheapest car insurance for teens

Due to their inexperience and riskier driving behavior, teen drivers are some of the most expensive drivers to insure. For cheap car insurance for teens in Owensboro, consider Auto-Owners Insurance, where the average monthly premium is just $98. State Farm, Travelers, Safeco, and GEICO are also affordable options, with average prices below $120 per month.

To secure lower premiums for young drivers in Owensboro, stay on your parents’ insurance policy to take advantage of the multi-vehicle discount. A safe car with features like collision warning and airbags can also help you save money, and you can often qualify for a good student discount if you maintain a B average (or better) in school.

How to get the cheapest car insurance in Owensboro

Your age, location, vehicle choice, credit history, driving record, and discount eligibility all heavily influence the quotes you receive.

Here are a few tips for finding the cheapest Owensboro car insurance:

• Shop around. Different insurance companies offer varying rates. Comparing car insurance quotes is the easiest (and most effective) way to save money.

• Be a safe driver. A clean driving record can help you qualify for the lowest rates.

• Ask for discounts. Insurance companies offer various discounts. Ask what you might be eligible for to lower your premiums.

• Increase your deductible. If you can afford a higher out-of-pocket expense when filing a claim, selecting a higher deductible can lower your premiums.

• Improve your credit score. Kentucky auto and home insurance companies can use your credit score as the sole factor in determining your premiums. Maintaining a good credit score can help you secure more favorable rates.

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Owensboro car insurance quotes by credit tier

Kentucky insurers can use credit scores to determine whether to issue new policies or renew existing ones and also to set premium rates. On average, drivers with poor credit pay 71% more for car insurance than those with good credit and almost double the amount paid by drivers with excellent credit.

Is car insurance more expensive in Owensboro?

On the whole, no. Car insurance rates in Owensboro are less expensive than the national average, with drivers paying 9% less than the average monthly quote of $253.

However, drivers in other Kentucky cities aren’t so lucky. Costs can vary as much as 77% between ZIP codes, based on a range of local factors, including traffic density, crime rates, and vehicle costs.

More cities in Kentucky

Comparing car insurance rates in other cities to Owensboro reveals interesting trends. For instance, Bowling Green and Elizabethtown have similar rates for auto insurance, with premiums that are 18% more expensive than in Owensboro. But Louisville really stands out, where costs soar 77% higher.

Owensboro car insurance FAQs