I’m sure you’ve seen the captivating ads from car insurance companies like GEICO and Liberty Mutual that say if you switch you’ll get enormous savings, so you just need to pick one at random, right?
Unfortunately, it’s not that simple as there are a ton of unknown elements like the amount of coverage you want, the area you live in, and whether you are married or single, that all help calculate your car insurance rates. The content below will cover the best ways to avoid high prices and educate you enough to have some help in finding cheaper rates.
Finding cost effective insurance is not easy, and finding out which companies have the cheapest auto insurance rates for good drivers may require additional perseverance. Each auto insurer uses a little different formula for setting rates, so let’s begin by examining the auto insurance companies with the most affordable rates in Lexington.
It’s a good idea to know that Kentucky auto insurance rates are based on many factors which can substantially change the price you have to pay. This is why it is critical to compare many different companies to get the most economical car insurance rates for good drivers. Rates are impacted by many risk factors and change frequently, so the most affordable company the last time you shopped around may now be an over-priced policy.
Cheapest Insurance Rates for Good Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,082 |
| 2 | Kentucky Farm Bureau | $1,163 |
| 3 | USAA | $1,187 |
| 4 | Auto-Owners | $1,371 |
| 5 | Motorists Mutual | $1,553 |
| 6 | Grange Mutual | $1,561 |
| 7 | Travelers | $1,631 |
| 8 | Westfield | $1,814 |
| 9 | State Farm | $1,848 |
| 10 | Safe Auto | $1,913 |
| 11 | Nationwide | $2,024 |
| 12 | Progressive | $2,119 |
| 13 | Electric | $2,160 |
| 14 | State Auto | $2,166 |
| 15 | Encompass | $2,288 |
| 16 | GEICO | $2,365 |
| 17 | Safeco | $2,791 |
| 18 | MetLife | $3,146 |
| 19 | Shelter | $3,263 |
| 20 | Liberty Mutual | $3,708 |
| Find Cheaper Rates Go | ||
Cincinnati Insurance may have some of the most affordable car insurance rates in Lexington at around $1,082 annually. This is $1,061 less than the average policy premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual are also some of the most economical Lexington, KY car insurance companies.
As the rates illustrate above, if you are currently insured with Kentucky Farm Bureau and switched to Cincinnati Insurance, you may realize a yearly savings of approximately $81. Kentucky drivers with USAA may save as much as $105 a year, and Auto-Owners insureds might lower prices by $289 a year.
To see if your current coverage is too expensive, click here to begin a quote or click several companies below for low rates.
Bear in mind that those premium estimates are averaged for all drivers and vehicles and do not factor in a specific zip code for good drivers. So the car insurance company that has the cheapest rates for you may not even be in the top 21 companies shown above. That emphasizes why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.
For safe drivers, one of the big criteria that aid in calculating auto insurance rates is where you keep your vehicle in Lexington. Areas with more people or higher crime rates tend to have higher auto insurance costs, whereas areas with less congestion have the enjoyment of a little cheaper coverage.
The illustration below sorts the highest-priced places in Kentucky for good drivers to buy an auto insurance policy in. Lexington makes the list at #18 having an annual price of $1,499 for the average policy, which is about $125 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Louisville | $2,090 |
| 2 | Frankfort | $1,742 |
| 3 | Ashland | $1,724 |
| 4 | Jeffersontown | $1,685 |
| 5 | Saint Matthews | $1,643 |
| 6 | Madisonville | $1,616 |
| 7 | Elizabethtown | $1,595 |
| 8 | Radcliff | $1,590 |
| 9 | Paducah | $1,583 |
| 10 | Danville | $1,581 |
| 11 | Murray | $1,549 |
| 12 | Hopkinsville | $1,538 |
| 13 | Richmond | $1,520 |
| 14 | Winchester | $1,517 |
| 15 | Henderson | $1,511 |
| 16 | Georgetown | $1,506 |
| 17 | Nicholasville | $1,504 |
| 18 | Lexington | $1,499 |
| 19 | Erlanger | $1,478 |
| 20 | Bowling Green | $1,476 |
| 21 | Covington | $1,472 |
| 22 | Florence | $1,471 |
| 23 | Independence | $1,466 |
| 24 | Fort Thomas | $1,455 |
| 25 | Owensboro | $1,376 |
| Find the Best Rates Go | ||
Rate information is estimated as the specific area where the vehicle is garaged can alter price quotes substantially.
The make and model of vehicle you are buying coverage for is probably the biggest factor when comparison shopping for the most affordable auto insurance for good drivers. Vehicles with higher performance characteristics, a lack of modern safety features, or a high likelihood of having liability claims will cost substantially more to insure than more modest models. The list below features car insurance prices for a selection of the more affordable vehicles to buy coverage for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 4WD | $872 |
| Ford Explorer XLT 2WD | $958 |
| Honda CR-V EX 4WD | $963 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,022 |
| Ford F-150 Lariat Super Cab 2WD | $1,032 |
| Ford Focus SEL 4-Dr Sedan | $1,047 |
| Honda Civic LX 4-Dr Sedan | $1,053 |
| Ford Edge Sport 2WD | $1,066 |
| Toyota Tacoma X-Runner 2WD | $1,072 |
| Toyota Prius | $1,066 |
| Chevrolet Impala LTZ | $1,075 |
| Toyota Camry XLE | $1,066 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,072 |
| Nissan Rogue S AWD | $1,080 |
| Chevrolet Malibu LS | $1,103 |
| Dodge Grand Caravan SXT | $1,126 |
| Nissan Altima 2.5 4-Dr Sedan | $1,137 |
| Toyota RAV4 Sport 2WD | $1,146 |
| Chevrolet Silverado LTZ Crew Cab 2WD | $1,155 |
| Honda Accord EX-L 2-Dr Coupe | $1,165 |
| Toyota Corolla LE | $1,164 |
| Kia Optima LX | $1,182 |
| Volkswagen Jetta SE 4-Dr Sedan | $1,187 |
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Rates do not factor in specific zip code location which can influence coverage prices considerably.
Based on these rates, you can figure that vehicles like the Ford Escape, Ford Explorer, Honda CR-V, and Jeep Wrangler are most likely going to be a few of the most budget-friendly vehicles to insure for safe drivers.
The information below demonstrates how deductible levels can influence insurance costs when trying to find cheap insurance for good drivers. The premiums are based on a married male driver, full coverage, and no additional discounts are factored in.
In the chart above, a 50-year-old driver could reduce rates by $306 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $462 by changing to a $1,000 deductible. Even younger insureds, like the Age 20 category, can save $1,034 each year just by choosing higher deductibles when buying full coverage. If you do raise deductibles, it is important to have enough funds in savings to allow you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Violations and accidents raise rates
A great way to get the most affordable auto insurance prices in Kentucky for safe drivers is to be a cautious driver and not have accidents or get tickets. The information below shows how speeding tickets and at-fault collisions can impact auto insurance costs for different age groups. The rates are based on a married male driver, comp and collision included, $100 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of an auto insurance policy in Lexington per year with a clean driving record and no accidents is $2,179. Get written up for one speeding ticket and the average cost hikes up to $2,501, an increase of $322 each year. Now add two accidents along with the one speeding ticket and the annual cost of auto insurance for good drivers jumps again to an average of $5,195. That’s an increase of $3,016, or $251 per month, just for not driving attentively!
How to find more affordable car insurance for good drivers
The list below summarizes many thrifty solutions that can help Kentucky drivers buy lower-cost auto insurance.
- Try to pay small claims out-of-pocket
- Serious violations like DUI or reckless driving can increase rates dramatically
- Remain accident-free and save
- Increase your comprehensive and collision deductibles
- Save money by insuring older vehicles for liability only
- Compare rates and switch if you can find a better deal
The last suggestion is highly crucial, as we stressed in this piece. Auto insurance rates can be changed at any time, so don’t be hesitant to switch carriers if you can save money.
Sticking with a specific company is fine, but it’s not a great idea if that faithfulness ends up costing you a wad of cash every year. Take a couple minutes and shop around to find cheaper car insurance for good drivers in Lexington.
If you have coverage questions and would like to have a little guidance when shopping around for cheaper insurance for safe drivers, the agents shown below can most likely provide answers to your questions and help you determine which policy is best.
To locate a Lexington car insurance agency close to you, click the button after the list or click here to compare prices now.
- Al Torstrick Insurance Agency
343 Waller Ave #101 – Lexington, KY 40504 – (859) 233-1461 - Barnes Insurance Center
1202 Winchester Rd #100 – Lexington, KY 40505 – (859) 253-2728 - Greater Lexington Insurance Agency, Inc.
1066 Wellington Way – Lexington, KY 40513 – (859) 224-2477 - State Farm: Mike Brownell
501 Darby Creek Rd – Lexington, KY 40509 – (859) 543-8454 - GEICO Insurance Agent
3100 Old Todds Rd #110 – Lexington, KY 40509 – (859) 286-8655