What Auto Insurance is Cheapest for a Learners Permit in Lexington?

The type of vehicle you are insuring is a large factor that determines if you can find the most economical coverage for a learners permit. Vehicles with higher performance, poor safety features, or high incidents of liability claims will cost substantially more to insure than more economical and safe models.

The list below presents coverage rates for some of the more affordable automobiles to buy coverage for.

Cheapest Vehicles to Insure in Lexington, KY
Make and Model Estimated Cost for Full Coverage
Honda CR-V EX-L 2WD $3,705
Jeep Wrangler Sport 4WD 2-Dr $3,867
Ford F-150 XL Regular Cab 2WD $3,874
Ford Escape Limited 4WD $3,931
Hyundai Elantra SE Touring Station Wagon $3,937
Toyota Prius $3,966
Ford Edge SE 2WD $4,091
Dodge Grand Caravan SE $4,126
Volkswagen Jetta SE 2.5 Station Wagon $4,190
Ford Focus S 4-Dr Sedan $4,317
Chevrolet Silverado LS Extended Cab 4WD $4,352
Toyota RAV4 Limited 4WD $4,357
Chevrolet Malibu Hybrid $4,352
Chevrolet Impala LT $4,358
Chevrolet Equinox LT AWD $4,352
Ford Explorer Limited AWD $4,386
Toyota Tacoma Double Cab 4WD $4,391
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Table data represents single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in specific Lexington, KY garaging location which can lower or raise coverage rates considerably.

Based upon the rates shown, you can presume that makes and models like the Honda CR-V, Jeep Wrangler, Ford F-150, Ford Escape, and Hyundai Elantra will be a few of the cheapest vehicles to insure for new drivers. The price for an auto insurance policy will trend higher just because there is more liability risk for a learners permit, but in general those particular models will have the cheapest car insurance rates possible.

Finding decent, budget car insurance is hard enough, and finding out which insurers offer the most affordable auto insurance rates for a learners permit involves even more work. Each auto insurer uses slightly different criteria to set their prices, so we need to take a look at the auto insurance companies with the most affordable rates in Lexington.

Cheapest Insurance Rates in Kentucky

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Kentucky auto insurance company rankings
Rank Company Cost Per Year
1 Cincinnati Insurance $1,082
2 Kentucky Farm Bureau $1,174
3 USAA $1,175
4 Auto-Owners $1,371
5 Motorists Mutual $1,569
6 Grange Mutual $1,625
7 Travelers $1,680
8 Westfield $1,832
9 State Farm $1,867
10 Safe Auto $1,972
11 Nationwide $2,024
12 Electric $2,139
13 Progressive $2,140
14 State Auto $2,254
15 Encompass $2,288
16 GEICO $2,365
17 Safeco $2,791
18 MetLife $3,053
19 Shelter $3,231
20 Liberty Mutual $3,634
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Cincinnati Insurance normally has some of the cheapest car insurance rates in Lexington at around $1,082 annually. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also qualify as some of the more affordable Lexington, KY car insurance companies.

As the rates illustrate above, if you have coverage with Kentucky Farm Bureau and switched to Cincinnati Insurance, you may see yearly savings of in the vicinity of $92. Insureds with USAA may save as much as $93 a year, and Auto-Owners customers might see rate reductions of $289 a year.

If you want to find out if you’re overpaying, click here or click several companies below for low rates.

Understand that those prices are averages across all drivers and vehicles in Kentucky and are not factoring in a vehicle location for a learners permit. So the car insurance company that is best for you may not even be in the list above. That helps illustrate why you need to get quotes using your own personalized driver profile and vehicle information.

One of the more important factors that aid in calculating insurance cost is where you keep your vehicle in Lexington. More populated areas will most likely pay more, whereas areas with lower crime rates and fewer weather claims benefit from lower coverage costs.

The next table lists the highest-priced places in Kentucky for a learners permit to buy auto insurance in. Lexington is ranked at #20 with the yearly price of $1,469 for the average policy, which is around $122 monthly.

How much does car insurance cost in Lexington, KY?
Rank City Annual Premium
1 Louisville $2,090
2 Frankfort $1,795
3 Jeffersontown $1,719
4 Ashland $1,673
5 Radcliff $1,654
6 Saint Matthews $1,643
7 Madisonville $1,616
8 Murray $1,597
9 Danville $1,596
10 Elizabethtown $1,595
11 Paducah $1,583
12 Winchester $1,547
13 Georgetown $1,536
14 Henderson $1,511
15 Nicholasville $1,504
16 Hopkinsville $1,493
17 Richmond $1,490
18 Covington $1,487
19 Erlanger $1,478
20 Lexington $1,469
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Rate quotes are comparative as specific location information can lower or raise coverage prices noticeably.

Insuring your vehicle with a good quality car insurance provider can be rather challenging considering how many companies provide coverage in Kentucky. The company information in the lists below could help you choose which auto insurance companies to look at when comparing insurance rates for a learners permit. These ratings are only comprised of large nationwide companies, so companies with more of a regional focus are not taken into consideration for this list.

Top Auto Insurance Companies for a Learners Permit in Lexington, KY
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Erie Insurance 87 84 85 85% A+ 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

Discounts on Lexington car insurance

Auto insurance for new drivers in Lexington, KYCar insurance companies that offer coverage for a learners permit may provide discounts that can reduce rates by 30% or more if you are eligible for them. Large auto insurance companies and their offered discounts are included below.

The diagram below illustrates the comparison of insurance rates with and without discounts being applied to the rates. The data is based on a male driver, a clean driving record, no claims, Kentucky state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with paperless filing, vehicle safety, continuous coverage, good student, paid-in-full, and anti-theft discounts applied. When drivers take advantage of discounts, the average amount saved each year on auto insurance for a learners permit is 28% or $686.

The illustration below demonstrates how deductibles can impact annual premium costs when quoting cheap insurance for a learners permit. The costs are based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.

In the chart above, a 30-year-old driver could pocket $300 a year by switching from a $100 deductible to a $500 deductible, or save $454 by using a $1,000 deductible. Even younger drivers, like the Age 20 chart data, can save as much as $880 annually just by choosing higher deductibles when buying full coverage.

When choosing a higher deductible, it is necessary to have additional funds in a savings account to be able to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.