Wouldn’t it be perfect if we could look into our crystal ball and tell you the one company that has the most affordable coverage for 20 year old women? It’s not quite that easy, unfortunately, as there are a whole slew of unknowns such as whether you are single or married, how many years you have been driving, and the area you live in, that all influence how much you pay for auto insurance. We will attempt to cover some of these factors and educate you enough to have a good start in finding the cheapest insurance in Lexington.
The car, truck, or SUV you are trying to insure is one of the main factors when shopping for cheap car insurance for 20 year old women. Vehicles with lower performance, good crash test ratings, or a positive history of liability claims will cost much less to insure than adrenaline junky models. The next table outlines coverage rates for a handful of the most economical vehicles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $2,071 |
| Hyundai Elantra GLS Touring Station Wagon | $2,080 |
| Ford Escape XLT 2WD | $2,071 |
| Honda Accord EX-L 4-Dr Sedan | $2,234 |
| Toyota Prius | $2,264 |
| Ford Edge SE 2WD | $2,291 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $2,297 |
| Ford Explorer Eddie Bauer 2WD | $2,322 |
| Ford F-150 XL Crew Cab 4WD | $2,352 |
| Toyota Tacoma 2WD | $2,423 |
| Ford Focus S 4-Dr Sedan | $2,432 |
| GMC Sierra SL Extended Cab 2WD | $2,454 |
| Toyota RAV4 Limited 4WD | $2,459 |
| Chevrolet Equinox LS AWD | $2,454 |
| Toyota Camry LE | $2,464 |
| Chevrolet Impala LT | $2,454 |
| Chevrolet Malibu LT | $2,484 |
| Dodge Grand Caravan Crew | $2,494 |
| Honda Civic LX 4-Dr Sedan | $2,555 |
| Toyota Corolla LE | $2,586 |
| Honda Odyssey EX-L W/Rear Entertainment | $2,592 |
| GMC Sierra 2500HD SLE Regular Cab 4WD | $2,616 |
| Nissan Altima Hybrid 4-Dr Sedan | $2,621 |
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Above prices assume single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in specific location which can influence price quotes substantially.
Based upon these rates, you can conclude that makes and models like the Honda CR-V, Hyundai Elantra, Ford Escape, and Honda Accord are some of the most economical vehicles to insure for young women. The cost of auto insurance will trend higher just due to the fact that there is more claim risk for 20 year old women, but generally speaking those models will have the least expensive rates available.
For young women, one of the largest things that are looked at to help calculate the annual cost of car insurance is where your car is garaged in Lexington. Regions with larger populations or more claims tend to pay more, whereas more rural areas get the luxury of paying less.
The information below sorts the highest-priced places in Kentucky for 20 year old women to purchase car insurance in. Lexington is ranked #16 with the annual price of $1,514 for the average insurance policy, which is approximately $126 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Louisville | $2,154 |
| 2 | Frankfort | $1,778 |
| 3 | Ashland | $1,724 |
| 4 | Jeffersontown | $1,668 |
| 5 | Saint Matthews | $1,643 |
| 6 | Paducah | $1,631 |
| 7 | Elizabethtown | $1,595 |
| 8 | Radcliff | $1,590 |
| 9 | Murray | $1,565 |
| 10 | Madisonville | $1,552 |
| 11 | Danville | $1,549 |
| 12 | Hopkinsville | $1,538 |
| 13 | Covington | $1,532 |
| 14 | Richmond | $1,520 |
| 15 | Winchester | $1,517 |
| 16 | Lexington | $1,514 |
| 17 | Henderson | $1,511 |
| 18 | Georgetown | $1,506 |
| 19 | Erlanger | $1,478 |
| 20 | Florence | $1,471 |
| 21 | Independence | $1,466 |
| 22 | Bowling Green | $1,461 |
| 23 | Nicholasville | $1,459 |
| 24 | Owensboro | $1,418 |
| 25 | Fort Thomas | $1,412 |
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Information shown are approximated as zip code location can modify price quotes noticeably.
Comparing quotes for cost effective car insurance is not always easy, and determining which company has the cheapest auto insurance rates for 20 year old women requires more quotes for comparison. Every insurance company uses different criteria to set policy rates, so to begin we’ll rank the most affordable auto insurance companies in Kentucky.
Best Car Insurance Prices for Women Age 20
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,093 |
| 2 | Kentucky Farm Bureau | $1,139 |
| 3 | USAA | $1,223 |
| 4 | Auto-Owners | $1,357 |
| 5 | Motorists Mutual | $1,601 |
| 6 | Travelers | $1,614 |
| 7 | Grange Mutual | $1,625 |
| 8 | State Farm | $1,867 |
| 9 | Westfield | $1,870 |
| 10 | Safe Auto | $1,932 |
| 11 | Nationwide | $2,064 |
| 12 | Electric | $2,076 |
| 13 | Progressive | $2,077 |
| 14 | State Auto | $2,254 |
| 15 | Encompass | $2,358 |
| 16 | GEICO | $2,365 |
| 17 | Safeco | $2,709 |
| 18 | MetLife | $3,053 |
| 19 | Shelter | $3,231 |
| 20 | Liberty Mutual | $3,744 |
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Cincinnati Insurance may have some of the lowest car insurance rates in Lexington at around $1,093 per year. This is $1,050 less than the average rate paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also rank well as some of the cheaper Lexington, KY auto insurance companies.
As illustrated above, if you are a policyholder with Kentucky Farm Bureau and switched to Cincinnati Insurance, you might realize a yearly price reduction of in the vicinity of $46. Kentucky drivers with USAA may save as much as $130 a year, and Auto-Owners policyholders might lower prices by up to $264 a year.
If you want to see how much you could save, click here to start your free quote or visit any of the low-priced companies below.
It’s important to note that these premiums are averages for all drivers and vehicles and and are not calculated with a specific vehicle garaging location for 20 year old women. So the company that is best for you may not even be in the list above. That underscores the importance of why you need to compare rates from as many companies as possible using your own personal information and vehicle type.
Drive responsibly or pay higher rates
A great way to find affordable auto insurance rates in Lexington for young women is to drive cautiously and avoid at-fault accidents and violations. The chart below demonstrates how speeding tickets and at-fault claims drive up auto insurance rates for each age group. The rate quotes are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of car insurance in Kentucky per year with no accidents and a clean driving record is $1,315. Receive one speeding ticket and the average cost hikes up to $1,510, an increase of $195 each year. Now add one accident along with the one speeding ticket and the annual cost of auto insurance for 20 year old women goes up to an average of $2,053. That’s an increase of $738, or $62 per month, just for not keeping your driving record clean!
Rate comparison of full coverage and liability-only
Finding the cheapest auto insurance is probably important to the majority of vehicle owners, and one of the quickest ways to pay lower rates for insurance for 20 year old women is to buy only liability coverage. The chart below visualizes the comparison of yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Kentucky. Data assumes no violations or accidents, $250 deductibles, drivers are single, and no other discounts are factored in.
If averaged for all ages, full coverage costs $1,718 per year more than just buying liability only. Many drivers may wonder if you should buy full coverage. There isn’t a steadfast formula to exclude comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
There are some circumstances where eliminating full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not buy liability only.
You are probably paying too much for car insurance
Lexington auto insurance rates are impacted by many things that can increase the cost of a policy. Simply improving your credit, moving across town, or getting a speeding ticket may cause policy rate changes that can make some companies cheaper than competitors. In addition to those changes, car insurance companies change the rates they charge in Kentucky as often as every three months to adjust for unexpected claims or profits. Heavy losses can result in price increases, while a better claims history may produce cheaper Lexington car insurance rates.
The chart below shows the company with the cheapest car insurance in Lexington, KY for a 40-year-old female driver with no violations or accidents, and a good credit rating. If we look at prices based on her current risk factors, Cincinnati Insurance quotes the lowest car insurance rates in Lexington at $1,239 each year. This is $904 less than the average price paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual are also included in the best Lexington, KY auto insurance companies.
In this next rate comparison, we will give the driver from the first set of rates a claim, a little lower credit rating, and a couple of points charged on her driving record. Since every car insurance company uses their own calculation for filing rates in each state, getting updated rate quotes could result in a different ranking of affordable companies as shown below.
Kentucky Farm Bureau now has the best car insurance rate in Lexington with USAA, Travelers, State Farm, and Westfield now being in the top five. This example illustrates why it is important to do a thorough rate comparison to get the most affordable car insurance quotes for 20 year old women. Car insurance prices can be altered by many different factors and can change substantially, so the best option the last time you shopped around may now be wasting a lot of money.