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Get Cheap Car Insurance in Magoffin County, KY

We monitor insurance prices, helping the average driver in Magoffin County save up to 29.1% on car insurance.

 

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The Cheapest Minimum Coverage in Magoffin County

The chart below shows the cheapest car insurance company in Magoffin County for a driver with a good record seeking minimum coverage on a mid-grade used vehicle. Values are estimated, and premiums may be lower or higher, but should be in an accurate order for a good driver. In general, drivers with good records will get the best prices through Farm Bureau, followed by State Farm, Travelers, and Geico.

 
Magoffin County Insurer Monthly Cost
Farm Bureau $67
State Farm $67
Travelers $98
Geico $105

Savings for Every Kind of Magoffin County Driver

The table shows how much the average auto insurance customer in Magoffin County might save by following our recommendations.

Based on our extensive insurance data, we know the average Magoffin County driver will save about 25% on car insurance. This isn’t marketing: this is unbiased data with no financial influence. The best auto insurance company depends on factors such as your driving record, home location, credit score, marital status, and age. The average driver will find themselves saving $593 per year by choosing the right vehicle insurance company. Some Magoffin County residents are paying out over $2,347 extra every year for auto insurance in Magoffin County. That cost may be even higher if you haven’t requested a new quote as your life situation changed.

Situation
Magoffin County, KY Savings / Yr.
Drivers with good records
$593
Drivers with accidents
$972
Drivers with speeding tickets
$957
Drivers with a DUI conviction
$968
Young drivers
$1,916
Married drivers
$641
Drivers with bad credit
$1,027

Magoffin County Car Insurance vs. Kentucky

People living in Magoffin County pay an average of 9.99% more than the typical driver in the state. The average driver in Magoffin County can expect to pay about $1,209 per year, or $2,347 for full coverage.

Based on our analysis, Farm Bureau will be the cheapest provider in Magoffin County for most people.

Car Insurance Prices by Magoffin County Neighborhood

Magoffin County, KY map of insurance costs by zip code and neighborhood

Insurance Prices

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Average
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Where is insurance cheapest within Magoffin County?

The map shows insurance prices in and around Magoffin County, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $265 per year within the county boundaries, with insurance premiums ranging from a high of $2,454 to a low of $2,189. Insurance prices tend to be higher for those living in the Northeast area, and lower for those with homes in the East parts of Magoffin County.

Pick the Best Car Insurance Company for You in Magoffin County

We have analyzed insurance costs for auto insurance customers based on the major variables that impact pricing. The results of our analysis are below, including US dollar savings. What about when you meet one or more of the criteria? For example, if you have both a DUI and a speeding ticket? Simply start with the Magoffin County insurance provider for whom we have posted the highest savings dollar figure.

The best car insurance provider for most drivers in Magoffin County

For drivers with clean driving records and no major strikes, Farm Bureau is the best option, with annual savings of $593 over the average Magoffin County car insurance company.

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We use the average good driver, paying $146 per month, as our baseline for pricing in Magoffin County. State Farm, Farm Bureau, and Westfield are all good choices for quotes if you have a clean record. See also the best providers for married people if you are married, and look for repeated company names.

The best car insurance provider for Magoffin County drivers with accidents on their records

In Magoffin County getting into an accident will raise premiums an average 30% for a yearly cost of $3,369. That's $1,022 per year more than a driver with no at-fault crashes on their driving record might pay. To avoid paying out more than you need to, State Farm, Travelers, and Farm Bureau are good choices for drivers with accidents.

In our analysis, Farm Bureau saved the average person who had been in an accident the most, with annual savings averaging $972 over the competition.

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The best car insurance company for Magoffin County drivers with speeding tickets

>Farm Bureau gave the average person with a speeding ticket the most savings, averaging $957 better than other car insurance companies.

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Depending on the insurance company, a speeding ticket can actually raise insurance premiums more than getting in an accident. In Magoffin County, tickets raise premiums on new quotes about $671. If you have a speeding ticket, we recommend State Farm, Geico, and Farm Bureau for savings that beat the average insurance cost of $3,018 per year.

The best auto insurance for Magoffin County drivers with a DUI conviction

Getting a DUI can increase the cost of insurance dramatically. The average person with a DUI paid $3,803 per year in auto insurance premiums, which was $1,456 more than a driver with no major issues. State Farm, Progressive, and Farm Bureau penalized their customers the least for a DUI.

Getting a quote from State Farm may cost the average person with a DUI about $968 less each year.

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The least expensive car insurance company for new and young drivers in Magoffin County

In Magoffin County, State Farm costs young drivers $1,916 less each year versus the average auto insurance bill.

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Teen drivers account for more than their share of accidents, and thus end up paying about 67% more for insurance than more mature drivers in Magoffin County. With an average cost of $7,126 per year (for young drivers who aren't on a parent's plan), car insurance for inexperienced drivers can’t ever be called "cheap." A few companies like State Farm, Farm Bureau, and Auto-Owners Insurance try to attract these younger drivers with lower prices in the hopes that they will stay with the company.

The best marriage discounts for vehicle insurance in Magoffin County

Not everything is an excuse for the auto insurance companies to charge you more. Getting married provides an average discount of $142. State Farm, Geico, and Farm Bureau provided the largest discounts to couples living in Magoffin County.

State Farm gave the largest car insurance discounts to married couples, averaging $641 saved each year compared to an average Magoffin County couple's premiums.

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The cheapest car insurance in Magoffin County for drivers with bad credit

People with poor credit saved an average of $1,027 with Geico.

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Many people are surprised that their poor credit score can cost them an average of $1,826 every year. Premiums for people with poor credit were about $4,173 in Magoffin County. However, some insurance companies do not take credit score into account. If you have a credit score below 575, get quotes from State Farm, Geico, and Safe Auto.

The best Magoffin County car insurance company for customer service

Many car insurance companies over the years have struggled with customer service. In Magoffin County, the National Association of Insurance Commissioners (NAIC) ranks Nationwide as the best. Another valuable metric: JD Power ranks Farm Bureau as the best provider in Magoffin County.

Nationwide was the best company for customer service in Magoffin County according to the NAIC.

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Recent price drops

Due to improvements in our tracking and methodology, we are unable to show price change data for the most recent year. This data will return next year (2023).

In 2020, at the peak of the global pandemic, {{top1_2020pricedrop_company}} changed their average price {{top1_2020pricedrop_company_percentage}}% in Magoffin County, which was better than other insurers.

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During the Covid-19 pandemic a few insurance companies realized people were driving less and struggling overall. They proactively lowered their rates for many customers in Magoffin County. We think helping communities in a time of need deserves special attention. Many insurance companies have advertisements telling us how much they care: we prefer to look at their actions.

The cheapest large national provider in Magoffin County

Many customers have informed us that they prefer to work with large national brands. Maybe they're one of the 26% of Magoffin County residents who are renting, and don't plan to be in the county or state for very long. Or maybe national recognition and funds make people feel more secure with a large provider. Regardless, State Farm tends to have the lowest prices for most drivers.

For customers who prefer to work with large national providers, we recommend State Farm for pricing. The average Magoffin County driver can expect to pay about $144 per month.

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What About USAA?

JD power consistently ranks USAA as the top car insurance company in the United States. We don’t compare their rates because most people can’t sign up. USAA only allows active military members and their spouses and children to apply. In Magoffin County, USAA has the best prices for drivers with a DUI conviction, drivers with speeding tickets, married couples, drivers with bad credit, drivers with accidents, young drivers, and good drivers.
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Auto Insurance Prices in and Around Magoffin County

What Influences the Cost of Car Insurance in Magoffin County?

On average, car insurance in Magoffin County is more expensive than the rest of the state. These high prices are no mystery to us. Coverage Watch tracks car insurance costs and uses a complex AI that finds related variables, and has determined car insurance prices in the county are influenced by the following factors:

  • The average commute time in Magoffin County is 40 minutes, which is far more than average for a driver in the state.
  • Kentucky state insurance regulations may require higher prices.
  • An average of 4 to 5 weeks with snow on the ground, which impacts accident rates.
  • Marriage rates in Magoffin County are higher than average in the state, and marriage often results in car insurance discounts.
  • Vehicle theft rates in the area are high, with a Vehicle Theft Crime Grade of D according to CrimeGrade.org.
  • Magoffin County has an average population density in the state. The county’s density could result in a price decrease for drivers.

As a result of these and other factors, the average cost of car insurance in Magoffin County is $101 per month for minimum coverage and $196 per month for full coverage. Costs vary widely based on your situation, and will likely be lower if you have a clean driving record and follow our insurance company research to find the best car insurance company for you.

Car Insurance in Nearby Counties

Counties with Similar Populations

* Who is the average Magoffin County driver? Based on national demographic data provided by BestNeighborhood, we took a single unmarried man living in central Magoffin County with good (but not perfect) credit driving a used midsized sedan. Data sources: proprietary data collection and analysis, unique to CoverageWatch.org All content copyright CoverageWatch.org. Journalists and other websites are free to cite any data with attribution.