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Louisville, Kentucky, named for the French King Louis XVI, has a population of more than 248,700 people. Of this population, those who drive to work will spend an average of 20 minutes in commute time daily, a full 6 minutes lower than the national norm. The city is ranked 30th in the nation for traffic congestion, costing its citizens 20 hours in delay and $357 in additional vehicular repairs and costs.
Though time and money are among costs incurred by traffic congestion, health issues are a concern as well. Conditions such as asthma and high blood pressure are on the rise and partially attributed to the worsening air quality and high stress associated with traffic problems. Additionally, there were 197 fatal accidents on the road between 2001 and 2003, far above the national average ratio of accidents per population.
The 2.8 million licensed drivers in Kentucky will pay a hefty fee for their car insurance, thanks to these issues. They are ranked the 8th most expensive in the country as far as auto insurance premiums are concerned with an average cost of $2,569. This rate increases about 2.6% annually.
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Protect Your Car and Save on Louisville Auto Insurance
Though it may seem that auto insurance premiums are beyond your control, there are things you can do to lower the rates for you and your family. Here are just a few:
- Follow traffic laws. Little things like speeding tickets and other driving violations may not seem like a big deal, but they add up to bad news when it comes to your car insurance premiums.
- Move! Across the country or across the street, sometimes geographic location will affect your rates intensely. Do a little research on the subject to find out the best spots for low insurance.
- Decrease your accident claims. If it's a tiny fender bender, you don't necessarily have to report it to your insurance. The fewer accident claims you make, the lower your risk and the lower your premiums.
Another way to keep your auto insurance premiums low is to take a look at the car you drive. Obviously, a tiny sports car will cost more to insure than a station wagon. But surprisingly, even some safe cars will cost more in terms of auto claims and therefore increase your rates. For example, the Honda Prelude is ranked high in safety ratings but is one of the most expensive theft claims for auto insurance companies. The 1995 Honda Civic was the car stolen most often in 2004. Avoiding these models, among many, may lower your premiums.
No matter what model you invest in, the most important factor in lowering your car insurance costs is to purchase your insurance from a reputable provider. A reputable provider will not surprise you with hidden costs and will be more likely to offer thorough coverage for an affordable price. Choosing your insurance provider carefully will help you get the discounts and plan that best suits you and your family.
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Read about minimum auto insurance requirements in Kentucky >>
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Last Updated: February 14, 2008
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