What Insurance is Cheapest for Teenage Females in Lexington?

This would be a real easy article to write if we could simply tell you the one best car insurance company that has the rock bottom lowest rates in Kentucky. It’s not that simple, unfortunately, as there are a whole bunch of unknown elements such as if you have points on your license, if you have a spouse, the neighborhood you live in, and your annual mileage driven, that all impact the cost of coverage. Car insurance is kind of a dry topic, but this article will explain the different ways you can keep rates low and will hopefully give you a solid foundation to find cheaper car insurance in Kentucky.

The vehicle driven is one of the biggest factors when quoting low-cost insurance for teenage females. Vehicles with high performance, poor safety ratings, or high incidents of liability claims will cost significantly more to insure than safer models. The next table presents auto insurance rates for a selection of the most cost-effective vehicles to buy insurance for.

Cheapest Vehicles to Insure in Lexington, KY
Insured Vehicle Estimated Cost for Full Coverage
Honda Accord EX 4-Dr Sedan $3,244
Ford Escape XLS 2WD $3,253
Honda CR-V EX-L 2WD $3,273
Toyota Prius $3,501
Ford F-150 STX Super Cab 2WD $3,622
Ford Explorer Eddie Bauer 2WD $3,650
Dodge Grand Caravan CV $3,660
Volkswagen Jetta SE 2.5 Station Wagon $3,698
Toyota Tacoma 2WD $3,819
Honda Odyssey EX $3,826
Ford Focus S 4-Dr Sedan $3,819
Jeep Grand Cherokee Laredo 4WD $3,847
Toyota RAV4 Sport 4WD $3,853
Chevrolet Impala LT $3,847
Chevrolet Equinox LT 2WD $3,855
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Data based on single female 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. Premium amounts do not factor in specific location which can increase or decrease coverage rates noticeably.

Looking at the numbers, you can conclude that makes and models like the Honda Accord, Ford Escape, Honda CR-V, and Toyota Prius are likely to be the less-costly vehicles to insure for teen girls. The price of auto insurance will be more costly just because there is more liability risk for teenage females, but overall those makes and models will most likely have the least expensive rates compared to all other vehicles.

Deciding which companies quote the lowest-priced auto insurance rates for teenage females involves a little more effort in order to find the lowest price quote. Every car insurance company uses a slightly different approach for determining rates in each state, so let’s take a look at the auto insurance companies with the most affordable rates in Kentucky.

It’s a good idea to be aware that Lexington, KY auto insurance rates are impacted by many factors that can increase the price of your policy. Simply having a birthday, increasing liability limits, or getting a driving violation may generate price changes resulting in some companies being more affordable than others.

Cheapest Insurance Rates for Teens

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Kentucky car insurance ranked by cost per year
Rank Company Cost Per Year
1 Cincinnati Insurance $1,126
2 Kentucky Farm Bureau $1,174
3 USAA $1,223
4 Auto-Owners $1,357
5 Grange Mutual $1,577
6 Motorists Mutual $1,601
7 Travelers $1,631
8 State Farm $1,848
9 Westfield $1,888
10 Safe Auto $1,972
11 Nationwide $2,064
12 Electric $2,097
13 Progressive $2,140
14 State Auto $2,232
15 Encompass $2,312
16 GEICO $2,341
17 Safeco $2,709
18 MetLife $3,146
19 Shelter $3,167
20 Liberty Mutual $3,634
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Cincinnati Insurance may offer some of the lowest car insurance rates in Lexington at around $1,126 per year. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual also make the cut as some of the most economical Lexington, KY insurance companies.

In the above rates, if you are a customer of Auto-Owners and switched to Cincinnati Insurance, you might achieve yearly savings of in the vicinity of $231. Customers with Grange Mutual could save as much as $451 a year, and Motorists Mutual customers might cut rates by $475 a year.

These prices are averaged for all ages of drivers and types of vehicles and and are not calculated with a vehicle location for teenage females. So the auto insurance company that fits your needs best may not even be in the top 21 companies shown above. That affirms the importance of why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.

For teen girls, one of the big things that are looked at to determine the cost of insurance is the neighborhood you call home. Cities with larger populations tend to have more expensive car insurance rates, whereas less populated areas have the benefit of cheaper car insurance.

The information below ranks the priciest cities in Kentucky for teenage females to purchase a policy in. Lexington is ranked #21 with an annual cost of $1,469 for the average policyholder, which is about $122 monthly.

How much does car insurance cost in Lexington, KY?
Rank City Annual Premium
1 Louisville $2,112
2 Frankfort $1,778
3 Jeffersontown $1,668
4 Ashland $1,656
5 Saint Matthews $1,643
6 Paducah $1,631
7 Murray $1,613
8 Elizabethtown $1,611
9 Madisonville $1,600
10 Danville $1,596
11 Radcliff $1,590
12 Henderson $1,557
13 Hopkinsville $1,538
14 Richmond $1,520
15 Winchester $1,517
16 Covington $1,517
17 Nicholasville $1,504
18 Georgetown $1,491
19 Independence $1,480
20 Florence $1,471
21 Lexington $1,469
22 Erlanger $1,463
23 Fort Thomas $1,455
24 Bowling Green $1,418
25 Owensboro $1,376
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Table data uses approximated as the specific zip code location can raise or lower prices significantly.

Rate difference between full and liability-only coverage

Reducing premiums for auto insurance is the goal of most people, and one common way to find cheap insurance for teenage females is to not buy comprehensive and collision coverage. The illustration below compares auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on a clean driving record, no claims, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

As an average for all age groups, full coverage costs an additional $1,486 per year more than just buying liability insurance. Many people question when is it safe to stop buying full coverage. There is no exact rule to eliminate physical damage insurance, but there is a guideline you can use. If the annual cost of having full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your vehicle’s settlement value is $6,500 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $5,500 after paying your policy deductible. If premium cost is more than $550 a year for your policy with full coverage, then you might consider buying liability only.

There are some circumstances where buying only liability insurance is not recommended. If you haven’t satisfied your loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

The chart below highlights how deductible choice can change annual premium costs when trying to find cheap insurance for teenage females. The premium estimates are based on a single male driver, comp and collision included, and no discounts are factored in.

A 50-year-old driver could reduce rates by $364 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $548 by selecting a $1,000 deductible. Even younger drivers, like the age 20 example, could possibly save up to $1,214 each year by choosing a higher deductible. When insureds make the decision to increase the deductibles on their policy, it is necessary to have plenty of discretionary funds to enable you to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

The agencies below are a good start to answer your questions and help you decide which auto insurance policy fits you best, since many consumers aren’t sure which coverage to buy and prefer to have a little guidance when shopping around for cheaper insurance for teen girls. It’s not always easy to find coverage yourself, so insurance agents can provide satisfaction knowing you have adequate protection in case of an accident or claim. To locate a Lexington insurance agent by location nearest to you, click the button link following the list.

Wallace Barber – State Farm Insurance Agent
340 E New Cir Rd #120Lexington, KY 40505(859) 543-0300

Keystone Sills Insurance Agency
210 Malabu DrLexington, KY 40502(859) 276-1881

Blue Grass Insurance
2560 Richmond Rd # 200Lexington, KY 40509(859) 543-0050

State Farm – Bob Pitman
851 Corporate Dr Ste 200Lexington, KY 40503(859) 223-1191

Allstate Insurance: Joshua Williams
2240 Executive Dr Ste 103Lexington, KY 40505(859) 243-0162

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How to find the cheapest car insurance for teenage females

Below you’ll find some of the better money-saving suggestions that can help drivers locate more affordable auto insurance.

That last idea is extremely significant, as we discussed in this write-up. Insurance rates can change considerably in a year, so don’t be tentative to buy a policy from a new company if a cheaper rate is available.

Brand loyalty is great, but we do not recommend it if that devotion results in you overpaying thousands of dollars over the life of your policy. Spend a few minutes and compare rates to find cheaper auto insurance for teenage females in Lexington.