It’s hard to fathom, but the vast majority of consumers have purchased from the same company for four years or more, and virtually 40% of consumers have never shopped around. Lexington consumers can cut their rates by almost $631 a year just by getting comparison quotes, but they don’t know the amount of savings they would get if they replace their high priced policy.
The preferred way to quote cheaper Mitsubishi Mirage insurance is to annually compare prices from providers who provide auto insurance in Lexington.
Step 1: Read about policy coverages and the measures you can control to prevent expensive coverage. Many factors that cause high rates such as tickets, at-fault accidents, and a low credit score can be amended by making small lifestyle or driving habit changes. Later in this article we will cover more ideas to prevent high prices and find additional discounts you may qualify for.
Step 2: Obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from one company like Progressive or State Farm, while independent agents can quote rates from multiple insurance companies. Find a Lexington insurance agent
Step 3: Compare the new rate quotes to your current policy to see if a cheaper rate is available. If you can save money and buy the policy, ensure there is no coverage lapse between policies.
Step 4: Provide adequate notice to your current company of your intention to cancel your current auto insurance policy. Submit any necessary down payment along with the completed application to your new carrier. Immediately upon receiving it, place the new certificate verifying coverage somewhere easily accessible.
One piece of advice is to compare the same amount of coverage on every quote request and and to get price estimates from as many companies as possible. This enables a level playing field and a complete selection of prices.
Finding the cheapest coverage in Lexington can be easy if you know a few tricks. If you’re already insured or need a new policy, you will benefit by learning to get lower rates and still have adequate protection. Comparison shoppers just have to understand the tricks to compare company rates using one simple form.
Cheap Mitsubishi insurance rate quotes in Lexington
The providers in the list below are ready to provide free rate quotes in Kentucky. If you want the best cheap auto insurance in Lexington, we suggest you compare several of them to find the most affordable auto insurance rates.
Five Tips to Get Cheaper Lexington Insurance Premiums
Part of the car insurance buying process is learning a few of the rating criteria that help determine your car insurance rates. If you have a feel for what determines premiums, this enables informed choices that will entitle you to lower rates. Lots of things are part of the equation when you quote your car insurance policy. Some of the criteria are obvious such as traffic violations, but some are more transparent such as your marital status or how financially stable you are.
The following are some of the things that factor into your rates.
Filing car insurance claims can cost more – Insurance companies in Kentucky generally give the lowest premiums to drivers who do not file claims often. If you file a lot of claims you can pretty much guarantee higher rates. Your insurance policy is designed for claims that you cannot pay yourself.
Women pay lower costs – Statistics show women tend to be less risk to insure than men. The data does not necessarily mean that males are worse at driving than females. Both genders get in auto accidents at about the same rate, but the men get into accidents with more damage. They also get ticketed for serious violations such as DWI and reckless driving.
Cautious drivers pay better costs – Whether or not you get tickets can have a huge impact on auto insurance premiums. Attentive drivers tend to pay less for car insurance than their less careful counterparts. Only having one speeding ticket or other violation can increase the cost of insurance twenty percent or more. Drivers who get careless violations like DUI, reckless driving or excessive speeding may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state in order to prevent a license revocation.
Lower performance equals lower insurance costs – The performance level of the car you are insuring makes a huge difference in your auto insurance rates. The cheapest rates are usually for smaller low performance passenger cars, but your final cost has many other factors.
Only buy what you need – There are a lot of optional add-on coverages that can add up on your Mirage policy. Insurance for vanishing deductibles, high-cost glass coverage, and extra life insurance coverage may be wasting your money. They may sound like good ideas initially, but if they’re wasting money eliminate the coverages to reduce your premium.
Insurance losses for a Mitsubishi Mirage – Companies use historical loss data to calculate a rate that offsets possible losses. Vehicles that statistically have higher prevalence or dollar amount of losses will cost more to insure.
The table below shows the historical loss data for Mitsubishi Mirage vehicles. For each policy coverage, the claim probability for all vehicles as a whole equals 100. Numbers shown that are under 100 represent a good loss history, while numbers that are greater than 100 indicate frequent claims or a tendency for claims to be larger.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Mitsubishi Mirage | 135 | 108 | 119 | 215 | 242 | 159 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Car insurance rates and discounts
The price of auto insurance can be rather high, but there are discounts available that could drop your premiums quite a bit. Some discounts will apply when you quote, but lesser-known reductions have to be manually applied prior to receiving the credit. If you are not receiving all the discounts you qualify for, you could be paying more than you need to.
- Anti-lock Brakes – Anti-lock brake equipped vehicles prevent accidents and therefore earn up to a 10% discount.
- Bundle and Save – If you combine your home and auto policies with one company they may give you a discount of 10% to 20% off each policy.
- E-sign Discounts – Many insurance companies will give you a small discount for buying your policy on the internet.
- Military Deployment Discount – Being on active duty in the military may lower your rates slightly.
- Homeowners Savings – Just being a homeowner can save you money since home ownership requires a higher level of personal finance.
We need to note that most credits do not apply to the entire policy premium. Most only reduce specific coverage prices like collision or personal injury protection. Even though the math looks like you can get free auto insurance, you aren’t that lucky.
To see a list of providers with discount car insurance rates in Kentucky, follow this link.
Don’t I need to get advice from a local insurance agent?
Many drivers would rather go talk to an agent and that is not a bad decision Professional insurance agents will help you protect your assets and help file insurance claims. The best thing about comparing rates online is the fact that drivers can get lower prices and still choose a local agent.
Once you complete this quick form, your insurance coverage information is immediately sent to companies in Lexington that can provide free Lexington car insurance quotes for your insurance coverage. You never need to leave your house because quoted prices will be sent to you. If you wish to compare rates from a specific insurance company, you would need to visit that company’s website and fill out the quote form the provide.
Deciding on an insurance company requires more thought than just the price. The answers to these questions are important, too.
- Where would glass claims be handled in Lexington?
- Do they prorate repair cost based on vehicle mileage?
- Does the company have a local claim office in Lexington?
- Will the company cover a rental car if your car is getting fixed?
- Do you need full coverage on every vehicle?
- Is auto insurance their primary focus in Lexington?
- If you are a high risk driver, do they have special markets for your coverage?
- What insurance companies do they recommend if they are an independent agent?
Not all car insurance agents are the same
If you are searching for a local agent, you need to know there are two different types of agents and how they differ in how they can insure your vehicles. Insurance agencies are classified as either independent agents or exclusive agents depending on their employer. Both can handle insurance, but it’s worth mentioning how they differ since it could factor into the type of agent you choose.
Exclusive Insurance Agents
Exclusive agents are contracted to one company and some examples include State Farm or Allstate. These agents are unable to provide rate quotes from other companies so they are skilled at selling on more than just price. They are well trained on sales techniques and that can be a competitive advantage.
Below is a short list of exclusive agencies in Lexington who may provide you with price quotes.
Stewart Perry – State Farm Insurance Agent
2128 Nicholasville Rd – Lexington, KY 40503 – (859) 277-7195 – View Map
Wallace Barber – State Farm Insurance Agent
340 E New Cir Rd #120 – Lexington, KY 40505 – (859) 543-0300 – View Map
Allstate Insurance: Tom Barrick
2891 Richmond Rd Ste 115 – Lexington, KY 40509 – (859) 268-3222 – View Map
Independent Insurance Agencies
Independent agents are not limited to a single company so they can write business through many companies and potentially find a lower price. If premiums increase, they simply move your policy to a different company and that require little work on your part. If you need cheaper insurance rates, it’s recommended you check rates from several independent insurance agents to ensure the widest selection of prices.
Below are Lexington independent insurance agents who can help you get price quote information.
Forcht Insurance Agency
2721 Old Rosebud Rd – Lexington, KY 40509 – (859) 335-0237 – View Map
Heritage Insurance Agency
3306 Clays Mill Rd #106 – Lexington, KY 40503 – (859) 219-1122 – View Map
Lexington Insurance Agency, Inc.
465 E High St #101 – Lexington, KY 40507 – (859) 253-6570 – View Map
Upon getting good responses and the cheapest Mitsubishi Mirage insurance in Lexington quotes, it’s a good possibility that you have found an auto insurance agent that can be trusted to provide insurance coverage. But keep in mind you can cancel your policy for any reason so never assume that you are obligated to any particular company for the full policy term.
How much car insurance do I need?
When it comes to buying coverage online or from an agent for your vehicles, there is no cookie cutter policy. Each situation is unique.
Here are some questions about coverages that can aid in determining whether you might need professional guidance.
- What are the liability requirements in my state?
- What is motorclub and do I need it?
- What vehicles should carry emergency assistance coverage?
- Do I have coverage if my license is suspended?
- Is my state a no-fault state?
- Will my rates increase for filing one claim?
- Am I covered while delivering pizza?
- What does PIP insurance cover?
- How do I file an SR-22 for a DUI in Kentucky?
- Is business equipment covered while in my vehicle?
If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and may give you better protection.
Quote more and you will save more
We just presented a lot of information how to find cheap Mitsubishi Mirage insurance in Lexington. The key thing to remember is the more rate quotes you have, the better your comparison will be. Consumers may even find the best premium rates are with some of the smallest insurance companies.
Insureds switch companies for many reasons like questionable increases in premium, high rates after DUI convictions, poor customer service or high prices. Whatever your reason, choosing a new insurance company is less work than it seems.
As you prepare to switch companies, make sure you don’t buy less coverage just to save a little money. There have been many cases where an insured dropped liability limits or collision coverage and discovered at claim time that the few dollars in savings costed them thousands. The proper strategy is to get the best coverage possible at the best possible price, but don’t skip important coverages to save money.
More tips and info about auto insurance is available in these articles:
- Smart Auto Insurance Tips (Insurance Information Institute)
- Who Has Cheap Car Insurance Quotes for Handicapped Drivers in Lexington? (FAQ)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Get the Right Protection (InsureUonline.org)