When looking for lower-priced insurance, are you frustrated by the wide range of car insurance choices in your area? There are so many choices that it can easily turn into a difficult situation to find a more affordable company. If you live there, you know that Lexington is a good city to live in, but having to pay for pricey car insurance can make it very difficult to pay for enough car insurance coverage.
Unbelievable but true according to a study 70% of consumers kept their policy with the same company for at least the last four years, and approximately 40% of consumers have never compared rates to find cheap insurance. With the average car insurance premium being $2,100, Lexington drivers could cut their rates by about $630 a year by just comparing rate quotes, but they just don't want to find cheap insurance by shopping around.
Smart consumers take time to get comparison quotes every six months because rates trend upward over time. Even if you got the lowest premium rates on car insurance a year ago you may be paying too much now. There is too much inaccurate information about car insurance online but we're going to give you some great ideas on how to put money back in your pocket.
If you're already insured, you will most likely be able to get lower rates using this information. Finding quotes for the best car insurance in Lexington is not as hard as you may think. Although Kentucky vehicle owners can benefit by having an understanding of how companies sell insurance online because rates are impacted by many factors.
Low-cost car insurance in Lexington, KY
The providers in the list below can provide free quotes in Kentucky. If multiple companies are listed, we recommend you get rates from several of them in order to get a fair rate comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LTZ AWD||$1,350||$675||$113|
|Chevrolet Impala LT||$896||$448||$75|
|Chevrolet Malibu Hybrid||$868||$434||$72|
|Chevrolet Silverado LS Crew Cab 4WD||$1,038||$519||$87|
|Dodge Ram Crew Cab Laramie 4WD||$1,242||$621||$104|
|Ford Edge Sport 2WD||$930||$465||$78|
|Ford Escape XLT 4WD||$940||$470||$78|
|Ford Explorer Eddie Bauer 4WD||$792||$396||$66|
|Ford F-150 Lariat Crew Cab Harley 4WD||$1,092||$546||$91|
|Ford Focus SES 4-Dr Sedan||$1,024||$512||$85|
|Ford Fusion SEL AWD 4-Dr Sedan||$1,176||$588||$98|
|Honda Accord EX-L 2-Dr Coupe||$1,480||$740||$123|
|Honda CR-V LX 4WD||$870||$435||$73|
|Honda Civic EX 4-Dr Sedan||$1,330||$665||$111|
|Nissan Altima 2.5 4-Dr Sedan||$988||$494||$82|
|Toyota Camry Hybrid||$1,136||$568||$95|
|Toyota Corolla LE||$1,362||$681||$114|
|Volkswagen Jetta S 4-Dr Sedan||$860||$430||$72|
|Get Your Own Custom Quote Go|
Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Rate quotes do not factor in the specific area where the vehicle is garaged which can increase or decrease prices considerably.
Discounts for lower Lexington car insurance rates
Car insurance is easily one of your largest bills, but discounts can save money and there are some available that you may not know about. Some discounts apply automatically at the time of purchase, but once in a while a discount must be manually applied prior to receiving the credit.
- E-sign - Certain companies will provide an incentive just for signing your application over the internet.
- Multi-line Discount - Not all insurance companies offer life insurance, but some may give you a lower price if you buy a life insurance policy as well.
- Renewal Discounts - A few companies allow discounts for switching to them before your current coverage expires. This discount can save up to 10%.
- Accident Free - Insureds with no claims or accidents pay less when compared with bad drivers.
- Low Mileage - Fewer annual miles could qualify for lower premium rates due to less chance of an accident.
- ABS Brakes - Cars, trucks, and SUVs with anti-lock braking systems prevent accidents and therefore earn up to a 10% discount.
- Multiple Vehicles - Drivers who insure multiple vehicles on the same car insurance policy can reduce the rates for all insured vehicles.
- Savings for New Vehicles - Insuring a vehicle that is new can be considerably cheaper since new model year vehicles are generally safer.
- Safety Restraint Discount - Forcing all vehicle occupants to use a seat belt can save a little off PIP or medical payments premium.
Discounts reduce rates, but you should keep in mind that most discount credits are not given to all coverage premiums. Some only reduce individual premiums such as comp or med pay. Despite the fact that it seems like all the discounts add up to a free policy, company stockholders wouldn't be very happy.
For a list of insurance companies that offer the discounts shown above in Kentucky, follow this link.
Good choices result in lower rates
Smart consumers have a good feel for some of the things that help calculate the rates you pay for car insurance. When you know what positively or negatively determines base rates, this allows you to make good choices that may reward you with better car insurance rates. Multiple criteria are used when premium rates are determined. Some are obvious such as traffic violations, but other factors are less obvious like your vehicle usage or how financially stable you are.
Are you male or female? - Statistics demonstrate that women are safer drivers than men. That doesn't necessarily mean that males are worse at driving than females. Females and males have at-fault accidents in similar numbers, but the males have accidents that have higher claims. Men also tend to receive more costly citations like driving under the influence (DUI).
Single drivers take more risk - Getting married actually saves money on your policy. It is viewed as being more mature than a single person and statistics prove married couples file fewer claims.
High claims frequency drives up premiums - If you're an insured who likes to file claims don't be surprised to see higher rates. Auto insurance companies in Kentucky give the lowest premiums to insureds who do not file claims often. Your car insurance is intended for major claims that would cause financial hardship.
Rates are affected by your address - Having an address in a rural area is a positive aspect when buying car insurance. Less people living in that area translates into fewer accidents and lower theft and vandalism rates. Urban drivers regularly have traffic congestion and more time behind the wheel. Higher commute times translates into higher accident risk.
Use one insurance company and save - Lots of car insurance companies give a discount to clients who carry more than one policy in the form of a multi-policy discount. If you currently are using one company, drivers will still want to compare other rates to ensure the best deal.
Higher premiums for stressful occupations - Occupational choices like military generals, business owners and financial analysts usually pay the highest average rates because of stressful work requirements and incredibly demanding work hours. Other occupations like scientists, students and homemakers generally pay rates lower than average.
Drive lots and pay more - Driving a lot of miles annually the higher the price you pay to insure it. Many insurance companies price each vehicle's coverage based on their usage. Vehicles used primarily for pleasure use qualify for better rates than those that get driven frequently. Verify your car insurance declarations sheet correctly shows annual mileage.
When to contact an insurance agency
Some consumers just prefer to talk to a local agent and that is not a bad decision One of the benefits of price shopping on the web is that drivers can save money and get better rates but also keep your business local.
After completing this quick form, your information is sent to participating agents in Lexington who want to provide quotes for your auto insurance coverage. You won't even need to do any legwork as quotes are delivered to you directly. You can find lower rates and a licensed agent to talk to. If you have a need to get a rate quote for a specific company, just find their quoting web page to submit a rate quote request.
Choosing the best company should include more criteria than just the premium amount. Before buying a policy in Lexington, get answers to these questions.
- Do they have cheaper tiers of coverage?
- Which insurance companies are they affiliated with?
- Do you need full coverage on every vehicle?
- Do you qualify for any additional discounts?
- Can you get a list of referrals?
- Is insurance their full-time profession?
- Will the agent or a CSR service your policy?
- What is the financial rating for the quoted company?
Choose an insurance agent wisely
If you are wanting to find a local Lexington insurance agent, there are a couple of different types of agents and how they can quote your rates. Agents can be described as either independent agents or exclusive agents.
Exclusive Insurance Agents
These type of agents can only provide one company's prices like Allstate, AAA, Farmers Insurance, and State Farm. These agents are not able to give you multiple price quotes so they are skilled at selling on more than just price. Exclusive agencies receive a lot of sales training on their company's products which helps them sell on service rather than price. Consumers frequently choose to use a exclusive agent partially due to loyalty to the company rather than having the cheapest rates.
The following is a list of exclusive insurance agencies in Lexington that are able to give comparison quotes.
- GEICO Insurance Agent
3100 Old Todds Rd #110 - Lexington, KY 40509 - (859) 286-8655 - View Map
- Stewart Perry - State Farm Insurance Agent
2128 Nicholasville Rd - Lexington, KY 40503 - (859) 277-7195 - View Map
- Dwight McCarty - State Farm Insurance Agent
3620 Walden Dr #211 - Lexington, KY 40517 - (859) 971-0266 - View Map
Independent Auto Insurance Agents
These type of agents often have affiliation with several companies and that is an advantage because they can write policies with many different companies depending on which coverage is best. If they find a lower price, your policy is moved internally which requires no work on your part. If you need cheaper auto insurance rates, you absolutely need to get rate quotes from multiple independent agents to ensure the widest selection of prices. Many independent agencies also insure through additional companies that you may not be familiar with which may have better rates.
Below are Lexington independent insurance agencies that are able to give price quote information.
- Reynolds Insurance Agency Inc
1500 Leestown Rd #160 - Lexington, KY 40511 - (859) 412-4636 - View Map
- Greater Lexington Insurance Agency, Inc.
1066 Wellington Way - Lexington, KY 40513 - (859) 224-2477 - View Map
- Carpenter-Warren Insurance Inc
271 W Short St # 304 - Lexington, KY 40507 - (859) 252-6691 - View Map
Persistence is the key to cheaper rates
In this article, we covered many ideas to compare auto insurance prices in Lexington. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding inexpensive Lexington car insurance quotes. Consumers could even find that the best prices are with a company that doesn't do a lot of advertising.
Budget-conscious auto insurance can be purchased on the web in addition to local insurance agencies, so get free Lexington car insurance quotes from both of them to have the best rate selection. Some insurance providers do not offer online rate quotes and usually these small, regional companies work with local independent agencies.
Insureds who switch companies do it for a variety of reasons including being labeled a high risk driver, extreme rates for teen drivers, questionable increases in premium and policy non-renewal. Regardless of your reason for switching companies, finding a new company can be less work than you think.
For more information, feel free to visit these articles:
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- How Much are Car Insurance Rates for Retired Military in Kentucky? (FAQ)
- Who Has Affordable Auto Insurance for a 20 Year Old Male in Kentucky? (FAQ)
- Who Has Cheap Kentucky Auto Insurance Rates for Drivers Over Age 60? (FAQ)
- Vehicle Insurance in the U.S. (Wikipedia)
- A Tree Fell on Your Car: Now What? (Allstate)
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- How to shop for a safer car (Insurance Institute for Highway Safety)