Want to learn how to save money and find lower-priced car insurance rates in Florence, KY? Finding cheaper car insurance may be very difficult for beginners to quoting coverage rates online. People have so many choices that it can quickly become hard work to find a more affordable company.

Unbelievable but true according to a study the vast majority of consumers have remained with the same car insurance company for a minimum of four years, and just short of a majority have never even compared quotes to find lower-cost rates. Consumers in Florence can cut their rates by up to $631 a year, but they just don't understand how much savings they would realize if they switched to a cheaper policy.

Cheapest car insurance in Florence, KY

The companies in the list below are our best choices to provide comparison quotes in Kentucky. If several companies are displayed, it's highly recommended you visit as many as you can to get a more complete price comparison.

Insurance Estimates for Popular Vehicles in Florence
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LT 2WD $858 $429 $72
Chevrolet Impala LTZ $958 $479 $80
Chevrolet Silverado LTZ Crew Cab 2WD $1,330 $665 $111
Dodge Ram Crew Cab TRX 2WD $828 $414 $69
Ford Escape Limited 2WD $970 $485 $81
Ford Explorer XLT 4WD $718 $359 $60
Ford F-150 STX Super Cab 2WD $1,068 $534 $89
Ford Focus SE 2-Dr Coupe $1,270 $635 $106
Honda Accord EX 4-Dr Sedan $742 $371 $62
Honda CR-V LX 2WD $832 $416 $69
Honda Civic EX 2-Dr Coupe $1,280 $640 $107
Hyundai Sonata GLS 4-Dr Sedan $1,370 $685 $114
Nissan Altima 3.5 SR 4-Dr Sedan $1,102 $551 $92
Toyota Camry XLE $1,362 $681 $114
Toyota Corolla S $1,494 $747 $125
Toyota RAV4 Limited 4WD $844 $422 $70
Toyota Tacoma 2WD $964 $482 $80
Volkswagen Jetta 2.0T Station Wagon $1,108 $554 $92
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Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Premium costs do not factor in specific location information which can influence prices considerably.

Comparison of policy deductibles

One of the hardest decisions when shopping for auto insurance is where should you set your physical damage deductibles. The premium rates below may help to conceptualize the price difference between high and low comp and collision deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second rate table uses a $500 deductible.

Hyundai Sonata rates are for example purposes only. To get rates for your specific vehicle, click here.

Hyundai Sonata insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $280 $508 $368 $22 $110 $1,313 $109
Sonata GLS 4-Dr Sedan $280 $508 $368 $22 $110 $1,313 $109
Sonata GLS 4-Dr Sedan $280 $508 $368 $22 $110 $1,313 $109
Sonata SE 4-Dr Sedan $280 $598 $368 $22 $110 $1,403 $117
Sonata SE 4-Dr Sedan $280 $598 $368 $22 $110 $1,403 $117
Sonata Limited 4-Dr Sedan $318 $598 $368 $22 $110 $1,441 $120
Sonata Limited 4-Dr Sedan $318 $598 $368 $22 $110 $1,441 $120
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Hyundai Sonata insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $206 $342 $368 $22 $110 $1,048 $87
Sonata GLS 4-Dr Sedan $206 $342 $368 $22 $110 $1,048 $87
Sonata GLS 4-Dr Sedan $206 $342 $368 $22 $110 $1,048 $87
Sonata SE 4-Dr Sedan $206 $404 $368 $22 $110 $1,110 $93
Sonata SE 4-Dr Sedan $206 $404 $368 $22 $110 $1,110 $93
Sonata Limited 4-Dr Sedan $232 $404 $368 $22 $110 $1,136 $95
Sonata Limited 4-Dr Sedan $232 $404 $368 $22 $110 $1,136 $95
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Price estimates do not factor in specific zip code location which can affect coverage prices considerably.

Using the premium rates above, we can conclude that using a $100 deductible costs approximately $23 more each month or $276 each year than selecting the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 17 months between claim filings, you would probably come out ahead if you choose a higher deductible.

Auto insurance rates by gender and age

The example below compares yearly insurance costs for male and female drivers in Florence. The premium estimates are based on no accidents or driving violations, comp and collision included, $500 deductibles, drivers are single, and no discounts are applied on a Honda Pilot EX.

Honda Pilot rates are for example purposes only. To get rate quotes for your specific vehicle, click here.

Reduce your insurance rates with discounts

Insurance can be pricey, but there could be significant discounts that may help make it more affordable. Larger premium reductions will be automatically applied when you purchase, but lesser-known reductions have to be requested specifically before they will apply. If you check and find you aren't receiving every discount you qualify for, you are not getting the best rate possible.Discount insurance

Keep in mind that some of the credits will not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as medical payments or collision. Even though it appears adding up those discounts means a free policy, companies wouldn't make money that way.

To see insurers that offer discounts in Florence, click this link.

Your situation helps dictate your coverage

When it comes to choosing proper insurance coverage for your vehicles, there really isn't a perfect coverage plan. Everyone's situation is unique.Insurance savings

Here are some questions about coverages that may help highlight whether you could use an agent's help.

If you can't answer these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, simply complete this short form.

Are insurance agents a thing of the past?

Many drivers prefer to have an agent's advice and doing that can be a smart decision One of the benefits of comparing insurance online is the fact that you can find the best rates but still work with a licensed agent. And providing support for local agents is still important in Florence.

By using this simple form, the coverage information is submitted to local insurance agents in Florence who want to provide quotes for your insurance coverage. It's much easier because you don't need to even leave your home because quoted prices will be sent immediately to you. You can most likely find cheaper rates and a licensed agent to work with. If you need to get a price quote from a specific company, you just need to jump over to their website and submit a quote form there.

Types of car insurance agents in Florence

When narrowing the list to find a reliable insurance agent, you need to know there are two different agency structures and how they are slightly different. Agencies in Florence may be either exclusive agents or independent agents.

Independent Insurance Agencies

Independent agencies do not have single company limitations so they can quote policies through many different insurance companies and find the cheapest insurance rates. If you are not satisfied with one company, they simply move your policy to a different company and you stay with the same agent. If you are trying to find cheaper rates, you need to compare prices from a couple of independent agencies in order to compare the most rates. Many write coverage with small regional insurance companies which can be an advantage.

Exclusive Insurance Agents

Exclusive agencies work for only one company and some examples include AAA, Allstate, and State Farm. They generally cannot shop your coverage around so they have to upsell other benefits. They are well trained in insurance sales which aids in selling service over price. Some insured continue to buy from exclusive agents partially due to loyalty to the company and solid financial strength.

Choosing the best insurance agent requires you to look at more than just a cheap quote. Any good agent in Florence should know the answers to these questions.

Car insurance overall losses by make and model

Do you own a high-claim vehicle? The statistics below show the highest and lowest cars and trucks for the probability of having to file claims for each type of coverage listed.

Comprehensive Insurance Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Infiniti QX50 Porsche Panamera GTS
Chevy Spark Bentley Continental GT
Nissan Xterra BMW M6
GMC Sierra 2500 Maserati Granturismo
Nissan Leaf Bentley Continental GTC
Smart ForTwo Mercedes-Benz S Class

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Collision Insurance Claims by Vehicle Model
Lowest Claim Amount Highest Claim Amount
Ford F-150 SuperCrew Bently Continental GT
Chevrolet Colorado Bentley Continental Flying Spur
Ford F-250 SuperCab Audi RS7
Ford Edge Maserati Ghibli
Smart ForTwo Bently Continental GTC
Nissan Xterra BMW M6

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowest and Highest Medical Payment Coverage Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Audi A4 Allroad Mitsubishi Mirage
Ford Expedition Chrysler 200
Land Rover Range Rover Sport Chevrolet Spark
Chevrolet Corvette Kia Forte
Tesla Model S Nissan Versa
Chevrolet Silverado 3500 Dodge Charger

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Bodily Injury Liability Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Fiat 500 Chevrolet Sonic
Mercedes-Benz SL Class Mitsubishi Lancer
Chevrolet Corvette Chrysler 200
Subaru Outback Mitsubishi Mirage
Audi A6 Hyndai Accent
Subaru Forester Kia Optima

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Quote more to save more

Consumers switch companies for any number of reasons including unfair underwriting practices, policy cancellation, policy non-renewal and even lack of trust in their agent. No matter why you want to switch, switching insurance companies is pretty easy and you might even save some money in the process.

As you shop your coverage around, never sacrifice coverage to reduce premiums. There are too many instances where an insured dropped full coverage only to find out that the savings was not a smart move. The aim is to find the BEST coverage at the lowest possible cost, but do not sacrifice coverage to save money.

Throughout this article, we presented a lot of ways to find cheaper coverage online. It's most important to understand that the more price quotes you have, the better chance you'll have of finding the cheapest Florence auto insurance quotes. Consumers may even find the best price on insurance is with a smaller regional carrier.

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