Finding better insurance prices for a car in Kentucky could be difficult, but you can learn the following methods to make it easier. There are more efficient ways to compare auto insurance rates and we'll show you the quickest way to get price quotes on a and get the best price possible from both online companies and Hopkinsville agents.
It's amazing but most auto insurance buyers have purchased from the same company for over three years, and about 40% of consumers have never compared rates from other carriers. Most drivers in Kentucky could pocket nearly 30% a year just by comparing rates, but they underestimate how much they could save if they moved their coverage to a different company.
Auto insurance providers offering competitive rate quotes in Kentucky
The companies in the list below provide price quotes in Hopkinsville, KY. If the list has multiple companies, it's a good idea that you visit as many as you can to find the lowest auto insurance rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LTZ AWD||$1,176||$588||$98|
|Chevrolet Silverado LTZ Extended Cab 4WD||$1,418||$709||$118|
|Dodge Grand Caravan CV||$942||$471||$79|
|Dodge Ram Crew Cab TRX 2WD||$1,202||$601||$100|
|Ford Escape Limited 4WD||$890||$445||$74|
|Ford Explorer XLT AWD||$966||$483||$81|
|Ford F-150 XL Regular Cab 4WD||$976||$488||$81|
|Ford Focus S 4-Dr Sedan||$1,070||$535||$89|
|GMC Sierra SLE Crew Cab 2WD||$924||$462||$77|
|Honda Accord LX-P 4-Dr Sedan||$640||$320||$53|
|Honda CR-V EX 2WD||$838||$419||$70|
|Honda Civic GX 4-Dr Sedan||$1,310||$655||$109|
|Honda Odyssey EX W/Rear Entertainment||$1,108||$554||$92|
|Nissan Altima Hybrid 4-Dr Sedan||$1,418||$709||$118|
|Nissan Rogue SL AWD||$1,110||$555||$93|
|Toyota Camry XLE||$888||$444||$74|
|Toyota Corolla S||$1,146||$573||$96|
|Get Your Own Custom Quote Go|
Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate quotes do not factor in specific zip code location which can change rates greatly.
An analysis of deductible level
One frequently asked question is how low should you set your deductibles. The comparisons below can help illustrate the differences in premium rates of buying low and high insurance deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second price table uses a $500 deductible.
Nissan Altima rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$280||$508||$326||$20||$98||$1,257||$105|
|Altima 2.5 S 4-Dr Sedan||$280||$598||$326||$20||$98||$1,347||$112|
|Altima Hybrid 4-Dr Sedan||$318||$598||$326||$20||$98||$1,385||$115|
|Altima 2.5 S 2-Dr Coupe||$318||$598||$368||$22||$110||$1,441||$120|
|Altima 3.5 SR 4-Dr Sedan||$318||$598||$326||$20||$98||$1,385||$115|
|Altima 3.5 SR 2-Dr Coupe||$318||$688||$368||$22||$110||$1,531||$128|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Altima 2.5 4-Dr Sedan||$206||$342||$326||$20||$98||$992||$83|
|Altima 2.5 S 4-Dr Sedan||$206||$404||$326||$20||$98||$1,054||$88|
|Altima Hybrid 4-Dr Sedan||$232||$404||$326||$20||$98||$1,080||$90|
|Altima 2.5 S 2-Dr Coupe||$232||$404||$368||$22||$110||$1,136||$95|
|Altima 3.5 SR 4-Dr Sedan||$232||$404||$326||$20||$98||$1,080||$90|
|Altima 3.5 SR 2-Dr Coupe||$232||$466||$368||$22||$110||$1,198||$100|
|Get a Quote for Your Vehicle Go|
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate information does not factor in zip code location which can affect prices greatly.
We can estimate from the data above that using a $100 deductible would cost the average driver about $25 more each month or $300 for a full year than quoting the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you usually have at least 16 months between claim filings, you would probably be better off by going with a higher deductible.
Hopkinsville insurance premiums by gender and age
The information below illustrates the difference between yearly insurance costs for male and female drivers in Hopkinsville. The costs are based on no accidents, no driving violations, comp and collision included, $500 deductibles, drivers are not married, and no discounts are applied to the premium on a Kia Optima LX.
Kia Optima rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
How high should deductibles be?
The illustration below highlights how deductible choice and can affect Toyota Camry insurance premiums for each different age group. The premium estimates are based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.
Toyota Camry rates are for example purposes only. To get rates for your specific vehicle, click here.
Eight tips to get lower Hopkinsville auto insurance rates
Lots of things are used in the calculation when you get a price on insurance. A few of the factors are predictable like an MVR report, but others are less obvious such as your credit history or your financial responsibility.
The itemized list below are some of the most rate-impacting factors that factor into your rates.
Combine policies to earn discounts - Most auto insurance companies allow a discount to policyholders who have multiple policies with them such as combining an auto and homeowners policy. Even with this discount applied, it's still a good idea to compare rates to confirm you are receiving the best rates possible. Consumers may save money even if you insure with multiple companies
Low credit rating equals high rates - Having a bad credit score will be a significant factor in determining what you pay for auto insurance. So if your credit history is low, you could be paying less to insure your vehicle by spending a little time repairing your credit. Insureds with very high credit ratings tend to be better risks to insure than drivers who have bad credit.
Add-on coverages are wasting money - Insurance policies have a lot of additional coverages that you can buy on your policy. Coverages like replacement cost coverage, better glass coverage, and membership fees are some examples. They may seem like a good idea when buying your policy, but if you don't need them get rid of them and save.
Gaps in coverage mean higher premiums - Having a gap between insurance policy dates is a guaranteed way to trigger a rate increase. Not only will you pay higher rates, failure to provide proof of insurance will get you a fine, jail time, or a revoked license. You may then have to prove you have insurance by filing a SR-22 with the Kentucky motor vehicle department to get your license reinstated.
Teenagers are high risk - Teen drivers in Kentucky have been known to be careless and easily distracted when driving so auto insurance rates are higher. Having to add a youthful driver onto your auto insurance can cause a big jump in price. Older, more experienced drivers have been proven to be more responsible, tend to file fewer claims, and are safer drivers.
Employer can influence premiums - Jobs like fire fighters, architects and medical professionals tend to pay higher premium rates due to intense work-related stress and lengthy work days. On the flip side, careers like actors, engineers and the unemployed generally pay rates lower than average.
Know your vehicle's safety rating - Cars with high safety ratings cost less to insure. The safest vehicles result in less severe injuries and reduced instances of injuries means less money paid by your insurance company and thus lower rates. If your vehicle scored at minimum four stars on Safercar.gov or an "acceptable" rating on iihs.org it is probably cheaper to insure.
High comp and collision deductibles equal low rates - Physical damage coverage, aka comp and collision, insures against damage to your car. Some examples of claims that would be covered are a dented fender, collision with an animal, and having your car stolen. Your deductibles state the amount of money you are willing to pay out-of-pocket in the event of a claim. The larger the amount you're willing to pay, the less your auto insurance will be.
These discounts can slash insurance rates
Some companies don't necessarily list every available discount in a way that's easy to find, so the list below gives a summary of both the well known in addition to some of the lesser obvious credits available to lower your premiums when you buy Hopkinsville auto insurance online. If you don't get every credit available, you could be getting lower rates.
- Accident Forgiveness Coverage - This one isn't a discount, but some companies like GEICO, Allstate and Liberty Mutual permit an accident before hitting you with a surcharge if you have no claims before the accident.
- Drivers Ed for Students - It's a good idea to have your young drivers successfully complete driver's ed class if it's offered in school.
- Payment Method - If you pay your bill all at once rather than paying monthly you may have a lower total premium amount.
- Good Student Discount - Performing well in school could provide a savings of up to 20% or more. Most companies allow this discount well after school through age 25.
- Discounts for Multiple Vehicles - Insuring all your vehicles with one company can reduce rates for all insured vehicles.
- Senior Citizen Rates - Seniors may receive reduced rates.
- Telematics Devices - Insureds who allow their company to look at vehicle usage by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm could save a few bucks if their driving habits are good.
While discounts sound great, it's important to understand that most discount credits are not given to your bottom line cost. Most only reduce the cost of specific coverages such as comp or med pay. So even though you would think having all the discounts means you get insurance for free, you aren't that lucky.
Car insurance companies that have many of the previously listed discounts possibly include:
If you need lower rates, check with all the companies which discounts can lower your rates. All car insurance discounts might not be offered on policies in Hopkinsville. To see insurance companies with significant discounts in Hopkinsville, follow this link.
When to contact an insurance agency
A lot of people would rather get advice from a local agent and that is a personal choice. Licensed agents can point out coverage gaps and help submit paperwork. An additional benefit of price shopping on the web is the fact that drivers can get cheaper auto insurance rates but still work with a licensed agent.
For easy comparison, once you complete this quick form, your insurance data is emailed to participating agents in Hopkinsville that can provide free Hopkinsville auto insurance quotes for your business. There is no reason to search for an agent as quotes are delivered directly to you. In the event you want to get a comparison quote for a specific company, feel free to visit that company's website and complete a quote there.
Selecting an insurance company requires more thought than just the quoted price. These are some questions your agent should answer.
- What company do they have the most business with?
- How many years of experience in personal auto insurance do they have?
- What kind of financial rating does the company have?
- Are claims handled at the agent's location?
- Are they full-time agents?
- Do they have designations such as AIC, CPCU, or CIC?
- In the event of vehicle damage, can you pick the collision repair facility?
If you're trying to find a reliable insurance agent, there are two different types of agents and how they are slightly different. Car insurance policy providers are either independent agents or exclusive agents depending on their employer. Both types can sell car insurance policies, but it's a good idea to understand the difference between them because it can impact which type of agent you select.
Exclusive Car Insurance Agencies
These type of agents are contracted to one company and some examples include American Family, State Farm, and Allstate. Exclusive agents cannot give you multiple price quotes so they have to upsell other benefits. Exclusive agencies are highly trained on the products they sell which can be an advantage. Some insured continue to purchase coverage from exclusives mostly because of high brand loyalty rather than low price.
Independent Car Insurance Agents
Agents of this type do not have single company limitations so they can insure your vehicles through many companies and get you the best rates possible. If your agent finds better pricing, they simply switch companies in-house and the insured can keep the same agent.
When comparison shopping, you absolutely need to compare prices from a couple of independent agencies so that you can do a thorough price comparison. Many independent agencies also insure through mutual insurance companies that may have much lower rates than larger companies.
Don't give up on cheaper premiums
In this article, we covered many ideas to shop for insurance online. The key concept to understand is the more times you quote, the more likely it is that you will get a better rate. You may even find the biggest savings come from a smaller regional carrier.
Consumers who switch companies do it for a variety of reasons including an unsatisfactory settlement offer, lack of trust in their agent, delays in responding to claim requests or unfair underwriting practices. It doesn't matter why you want to switch finding a new insurance company is not as difficult as it may seem.
Some insurance companies may not offer internet price quotes and most of the time these regional carriers only sell coverage through independent agencies. Affordable insurance in Hopkinsville is attainable on the web as well as from insurance agents, and you need to comparison shop both to get a complete price analysis.
Additional insurance information is located on the following sites:
- Preventing Carjacking and Theft (Insurance Information Institute)
- How Much are Car Insurance Rates for Retired Military in Kentucky? (FAQ)
- What Auto Insurance is Cheapest for Teachers in Kentucky? (FAQ)
- What is the Cheapest Auto Insurance in Murray, Kentucky? (FAQ)
- How Much is Auto Insurance for Nurses in Kentucky? (FAQ)
- Who Has Affordable Kentucky Auto Insurance Rates for Teenagers? (FAQ)
- What Insurance is Cheapest for Unemployed Drivers in Kentucky? (FAQ)
- Speed and Speed Limit FAQ (iihs.org)
- Smart Auto Insurance Tips (Insurance Information Institute)
- Can I Drive Legally without Insurance? (Insurance Information Institute)