Frankfort Car Insurance

Everything You Need to Know About Car Insurance in Frankfort, KY

Find the right car insurance policy for you.

Kentucky’s state capital, Frankfort, is the third-smallest capital city in the United States, and its roadways are some of the safest in the states. Despite the low number of traffic accidents in this city, vehicle owners are required by law to carry car insurance that meets or exceeds the state’s minimum requirements. But how can you find an ideal Frankfort, KY policy at an affordable rate easily?

It is recommended that you compare policies and rates from at least three reputable insurance companies before selecting a car insurance policy. Comparison shopping is easy with the help of an independent insurance agent in our network. These agents can work with many different insurance providers and can help you gather, review and compare a selection of competitively priced Frankfort car insurance quotes. Find an agent near you to get started.

  • National average cost per year: $1,311
  • Kentucky average cost per year: $1,341
  • 21st most expensive auto premium in the U.S.

Kentucky’s car insurance rates are pretty much on par with the national average. Of course, the figures listed above are to be used only to get a ballpark idea of how much you might expect to pay for your policy. Your actual Frankfort auto insurance cost will be calculated based on several different factors including but not limited to the following:

  • The make, model, year and safety record of your car
  • The number of insurance claims you have made; your driving record; and your credit score
  • The age, sex, marital status and driving records of all licensed drivers in your household
  • The amount of coverage you wish to buy
  • The size of your deductible

Every insurance company you contact for quotes is likely to calculate a different cost for your premiums, so comparison shopping is a great way to save money on your Frankfort auto insurance.

Use our independent agent matching system to find the best insurance plan in your area. You tell us what you’re looking for, and our technology will recommend the best agents for you. Any information you provide will be sent to only the agents you pick. We do not sell to third parties.

Kentucky Car Insurance Requirements

  • Bodily injury liability: required
  • Property damage liability: required
  • Personal injury protection (PIP): required
  • Uninsured motorist coverage: not required
  • Minimum liability limits: 25/50/10 - Coverage up to $25,000 for bodily injury per person in an accident, subject to a limit of $50,000 for all injuries per accident, and $10,000 coverage for property damage

Failure to carry car insurance that meets or exceeds Kentucky’s minimum coverage requirements can result in fines of up to $1,000, incarceration for up to 90 days, suspension of your license for up to one year, and placement in the “high risk” category of drivers, all of which can significantly increase your car insurance coverage rates. Simply put, it’s just not worth it. Also, it is important to keep in mind that while the minimum coverage might be sufficient to protect your finances in a typical motor vehicle collision, an accident that results in serious injuries or significant property damage can easily exceed these limits and put you in financial trouble. You may want to discuss purchasing higher liability limits with your policy.

Number of Uninsured Motorists in Kentucky

  • Number of uninsured U.S. drivers: 12.6%
  • Number of uninsured Kentucky drivers: 15.80%

Although driving without insurance in Kentucky is a Class B felony with tough penalties, nearly one in six drivers are without coverage. This can put you at risk because if you are in a collision that is the fault of an uninsured driver, that person is responsible for covering your damage, and it can be hard to collect this money. In many cases, if the person simply does not have the funds to make payments, you may never see any compensation. 

That is why it is a good idea to include uninsured motorist coverage with your Frankfort car insurance. That way, if you are in this situation, your insurance company will cover your losses and then try to collect payment from the responsible driver itself. This insurance also covers damage and injuries that are caused by hit-and-run drivers.

Number of Auto Thefts in Kentucky

  • National number of thefts per 1,000 vehicles: 2.94
  • Florida number of thefts per 1,000 vehicles: 1.87

Auto theft rates in Kentucky are much lower than the national average, though they are slightly higher in Frankfort than in most parts of the state. Recently, there was a total of 59 auto thefts reported in this city. That equates to 2.13 thefts per 1,000 cars, which is still well below the national average. This is something that insurance companies consider when calculating your car insurance rates. If your car is stolen, you can only receive compensation for your loss if your Frankfort auto insurance policy includes comprehensive, or “other than collision,” insurance. This insurance covers all noncollision-related damage, such as that caused by falling objects, floods and property crimes.

Find the Best Frankfort Car Insurance Policy

Nobody wants to overpay for car insurance. But if you bought a policy without taking the time to get rates from a couple of competing insurance companies, chances are you are doing just that. That is why savvy car owners in Frankfort turn to independent agents in our network for assistance when they are shopping for competitively priced policies. Our agents make this process easy by doing the comparison-shopping legwork for you. They can work with a variety of highly-rated insurance companies and can quickly provide you with a selection of customized auto insurance quotes that you can review and compare. 

Find an agent with an office near you today to learn more about your Frankfort car insurance options.

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