Covington, KY Auto Insurance | Cheap Car Insurance in Covington, KY

Covington, KY auto insurance requires a basic coverage of 25/50/10. Cheap car insurance in Covington, KY starts at $28/month with Kentucky Farm Bureau. The best Covington, KY car insurance companies include Kentucky Farm Bureau, State Farm, State Auto, Nationwide, and Liberty Mutual.

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Chris Tepedino is a feature writer that has written extensively about auto insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and Cinncinati.com. ...

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Reviewed by Rachael Brennan
Licensed Insurance Agent

UPDATED: Jul 19, 2021

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Kentucky auto insurance requires all drivers to have 25/50/10 in liability coverage. Liability insurance pays if the driver is at fault for the accident. It may be advisable to get more than the minimum in the event your car is stolen, or someone else causes the accident. Drivers looking for cheap car insurance in Covington, KY have several choices. The best Covington, KY car insurance companies providing affordable rates are Kentucky Farm Bureau, State Farm, State Auto, Nationwide, and Liberty Mutual. Kentucky Farm Bureau offers monthly rates of $28 for Covington, KY auto insurance.

Covington is a suburban city nestled in the northern part of Kentucky. It is immediately adjacent to the Ohio River and directly south of Cincinnati, Ohio. It is the 5th largest city within the state of Kentucky, and is well known for having a large number of historic churches.

Fun fact: Did you know that Covington is #73 (41016) on the list of “Top 101 ZIP codes with the largest percentage of Alsatian first ancestries (pop 5,000+)”?

Are you looking for cheap auto insurance in Covington, KY? At AutoInsuranceEZ.com, you could find the very best Covington, KY auto insurance rates. To obtain free car insurance quotes from the leading providers today, just enter your ZIP code into the quote box on this page.

Auto Insurance Coverage Requirements in Kentucky

Legally driving in Covington 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

Keep in mind that the column in the middle is just the state mandatory minimums, and not the best type of coverage you can purchase for yourself. This is especially true if you have a newer car, if you are still making payments on your vehicle, or if replacing/repairing it in the event of a major accident would be too large of a financial burden for you.

As a Covington driver, you have access to monthly premiums as low as $42/mo* right now. That sure beats the average monthly cost of $125 for the rest of Kentucky, doesn’t it? However, if you don’t act quickly, you may lose out on a great deal. Keep reading for more info.

Average Monthly Auto Insurance PremiumsLegend: Covington Kentucky Farm Bureau State Farm State Auto Nationwide Liberty Mutual 510152025303540455055$28$37$45$45$57

 

Nationwide, State Farm, and the Kentucky Farm Bureau are currently in a bidding war for your business. But don’t make any changes to your policy on your provider based on cheap premiums alone. Make sure they have good ratings for customer service and claims filing, too.

Auto insurance providers contemplate various variables when assessing insurance Covington, KY auto insurance quotes, including marital status, driving violations, credit score/rating, miles driven each year, and current insurance coverage and limits. In addition, premiums vary among Covington, KY auto insurance companies. To find out whether you’re still getting the most favorable rate, compare cheap Kentucky auto insurance quotes online.

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Major Factors in Cheap Car Insurance in Covington, Kentucky

There are lots of ways in which your car insurance rate can be calculated. But not all of it is out of your control; there are things you can do in order to impact which discounts you are entitled to get. Listed below are some of these factors 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 Covington is 40,956 and the median household income is $35,020.

Auto Insurance by ZIP CodeLegend: Louisville Lexington Owensboro Covington Bowling Green Kentucky Farm Bureau State Farm State Auto Nationwide Liberty Mutual 510152025303540455055606570$45$25$25$28$24$63$43$34$37$37$69$49$43$45$49$71$53$41$45$51$73$62$54$57$73

 

Automotive Accidents

As you can see in the chart below, the accident statistics for Covington, Kentucky are quite low. This is good news for the majority of drivers, because living in a city with such safe roads means that insurance premiums in your area are automatically lower on average than they are in neighboring cities.

Fatal Accidents in Covington, KYLegend: Covington Fatal accident countVehicles involved in fatal crashesFatal crashes involving drunk personsFatalitiesPersons involved in fatal crashesPedestrians involved in fatal accidents 111111

 

Auto Thefts in Covington

Living in a large city (Especially one with a high crime rate) will increase your risk of being a victim of auto theft. If your general location has high rates of theft and claims, you can expect to pay more for auto insurance to offset these costs. The total number of stolen vehicles in Covington was 158 back in 2013. This is a thankful drop from recent years. If you don’t feel your car is a likely target for theft, you might be able to reduce your monthly payment by reducing your Comprehensive coverage.

Basic vs. Comprehensive Auto PolicyLegend: Basic Coverage Comprehensive Coverage Kentucky Farm Bureau State Farm State Auto Nationwide Liberty Mutual 20406080100120140160180$28$92$37$80$45$116$45$84$57$199

 

Your Credit Score

Having a bad credit score will negatively impact your life in many ways, and your monthly auto insurance premiums are just one of them. Some motorists are paying double or more each month compared to people with flawless credit. Unfortunately, the only way to fix this is to take on the arduous task of raising your credit score.

Auto Insurance by Credit ScoreLegend: Excellent Credit Poor Credit Kentucky Farm Bureau State Farm State Auto Nationwide Liberty Mutual 102030405060708090100$23$89$30$70$41$84$41$59$48$101

 

Your Age

Are you a teenage driver who is about to purchase car insurance for the first time? If so, the numbers in the chart below probably look very scary to you. Luckily, there is hope. If you are still in school and getting good grades, there are some lucrative Good Student discounts you may qualify for. You can also get a Driver’s Ed discount with a driver training course.

Auto Policy Age ComparisonLegend: 34 Year Old 17 Year Old Kentucky Farm Bureau State Farm State Auto Nationwide Liberty Mutual 20406080100120140160180200$28$109$37$133$45Do Not Sell$45$128$57$219

 

Your Driving Record

Having a pristine driving record will, of course, get you the lowest rates around town. But not all drivers are perfect, and insurance companies are beginning to understand this. That’s why Accident Forgiveness discounts are becoming more popular among providers.

Driving ViolationsLegend: Perfect Record Minor Speeding Ticket DUI/Reckless Driving Major At-Fault Accident Kentucky Farm Bureau State Farm State Auto Nationwide Liberty Mutual 1020304050607080$28$28$67$34$37$41$41$45$45$56Do Not Sell$63$45$51$83$64$57$60Do Not Sell$64

 

Your Vehicle

Who would risk insuring a luxury vehicle with Liability coverage only? Most people would not take such a gamble, no matter how much they could save on insurance premiums. This is why luxury vehicle insurance tends to cost so much more. You have to buy more coverage, and in greater amounts, in order to protect your vehicle completely.

Car Insurance by Make/ModelLegend: 2015 Honda Accord 2012 Porsche Boxster Spyder Kentucky Farm Bureau State Farm State Auto Nationwide Liberty Mutual 20406080100120140160180200$28$94$37$109$45$120$45$93$57$211

 

Minor Factors in Cheap Auto Insurance in Covington, Kentucky

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

Your Marital Status

Anyone can take advantage of policy bundling discounts. However, married couples can benefit twice as much. Just bundling your auto policy with that of your spouse can save you a lot of money each month. And the more policies you bundle, the more you can save.

Your Gender

Some insurance companies charge women a few dollars more per month, and other providers charge higher rates for male policy holders. Many providers these days, however, don’t charge different rates at all based on gender.

Your Driving Distance to Work

When living and working in Covington, you can expect your commute time to last anywhere from 16-24 minutes on average. Over 70% of employees drive their own car into work by themselves, while more than 2-19% choose to carpool with their co-workers.

Reducing your mileage each year may seem like a great way to save money on insurance, but at best you’ll only be saving 3-4%, and you’ll have to shave thousands of miles off your odometer in order to achieve that. For real savings, stick to using your vehicle for personal use only. Business vehicles cost 11% more to insure, on average.

Your Coverage and Deductibles

Did you know that raising or lowering your deductible will drastically alter your monthly rate? Raising your deductible will get you savings, but it will also leave you with a larger bill if the worst happens. Lowering your deductible will result in higher monthly premiums.

Education in Covington, KY

Lately, insurance providers have started offering lower rates to drivers who have achieved a higher form of education. It actually matters more than your job status or annual salary. Many drivers in Covington could benefit from this by going back to school; nearly two-thirds of motorists have either a high school diploma or less than a high school education.

In Covington proper, there are two technical schools for students looking to earn a specialized degree. The Gateway Community and Technical College has a campus in Covington, and the Northern Kentucky Technical College is also located nearby. Within immediate driving distance is Cincinnati, Ohio, home to a variety of major institutions for higher learning.

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 Covington, KY auto insurance policy.

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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