Unbelievable but true according to a study almost 70% of drivers in Kentucky have stayed with the same insurance company for more than four years, and nearly 40% of drivers have never shopped around. With the average insurance premium being $1,847, American drivers could save 47% every year just by shopping around, but they just don’t understand how easy it is to do a rate comparison.
The easiest way to quote cheaper car insurance rates is to start doing a yearly price comparison from providers who sell insurance in Lexington. You can compare rates by following these guidelines.
- Spend a few minutes and learn about how companies set rates and the factors you can control to prevent expensive coverage. Many rating factors that drive up the price like speeding and an unacceptable credit score can be amended by making lifestyle changes or driving safer. Read the full article for tips to find cheap prices and get discounts that may be overlooked.
- Compare prices from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from one company like Progressive or Farmers Insurance, while agents who are independent can provide prices for many different companies.
- Compare the new rate quotes to your existing coverage and determine if there is any savings. If you find a lower rate quote and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
- Notify your agent or company of your intention to cancel your existing policy and submit payment along with a signed and completed policy application to your new company or agent. Immediately upon receiving it, place the new certificate verifying coverage in your vehicle.
A good tip to remember is that you use similar deductibles and liability limits on every price quote and and to get price estimates from as many companies as you can. This guarantees the most accurate price comparison and the most accurate and complete price analysis.
All major auto insurance companies like State Farm, Allstate and GEICO allow consumers to get insurance quotes direct online. The process is quite simple as all you need to do is type in your coverage preferences as detailed in the form. Once you submit the form, the quote system automatically orders information on your driving record and credit history and gives you a price quote based on the data you entered.
Quoting online for Buick Rainier insurance in Lexington streamlines rate comparisons, and it’s very important to perform this step if you are searching for cheaper rates.
If you want to find out if lower rates are available, check out the auto insurance providers below. If you have coverage now, it’s recommended you input the limits and deductibles just like they are on your policy. This helps ensure you are getting a price comparison for exact coverage.
The companies shown below provide free quotes in Lexington, KY. To buy cheap auto insurance in Kentucky, we suggest you click on several of them in order to find the cheapest rates.
Insurance is not optional
Even though it’s not necessarily cheap to insure a Buick in Lexington, maintaining insurance may not be optional for several reasons.
First, almost all states have minimum mandated liability insurance limits which means state laws require specific minimum amounts of liability insurance in order to get the vehicle licensed. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you took out a loan on your vehicle, most lenders will require you to buy insurance to ensure they get paid if you total the vehicle. If you default on your policy, the bank will be required to insure your Buick at a significantly higher premium and require you to fork over much more than you were paying before.
Third, insurance safeguards not only your car but also your financial assets. It will also provide coverage for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability insurance also covers legal expenses if you are named as a defendant in an auto accident. If you have damage to your Buick as the result of the weather or an accident, comprehensive and collision coverage will pay to have it repaired.
The benefits of carrying adequate insurance definitely exceed the price paid, particularly for liability claims. On average, a vehicle owner in Lexington overpays as much as $700 annually so compare rates each time the policy renews to ensure rates are competitive.
Auto insurance coverage information
Knowing the specifics of your car insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring.
Uninsured Motorist or Underinsured Motorist insurance
This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and damage to your Buick Rainier.
Because many people have only the minimum liability required by law (Kentucky limits are 25/50/10), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like hail damage, a tree branch falling on your vehicle and fire damage. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Insurance for medical payments
Coverage for medical payments and/or PIP pay for expenses for EMT expenses, surgery and ambulance fees. The coverages can be utilized in addition to your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay
Coverage for liability
This coverage protects you from damage or injury you incur to people or other property by causing an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/10 that translate to a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $10,000 of coverage for damaged property.
Liability coverage protects against things such as loss of income, medical expenses and structural damage. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase higher limits if possible. Kentucky state minimum liability requirements are 25/50/10 but you should think about purchasing higher limits.
The next chart shows why buying the state minimum limits may not be adequate coverage.
Collision insurance pays for damage to your Rainier caused by collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things like backing into a parked car, damaging your car on a curb and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Drivers also have the option to choose a higher deductible on your Rainier to bring the cost down.
Best auto insurance company in Lexington
Finding the highest-rated insurance company can be difficult considering how many choices drivers have in Kentucky. The company rank data below could help you analyze which auto insurance companies to look at comparing prices from.
Top 10 Lexington Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Erie Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
- Allstate – A+
Consumers who switch companies do it for a number of reasons such as being labeled a high risk driver, high rates after DUI convictions, denial of a claim or lack of trust in their agent. It doesn’t matter what your reason, choosing a new company can be pretty painless.
The cheapest Buick Rainier insurance in Lexington can be sourced online and from local insurance agents, and you should be comparing both in order to have the best price selection to choose from. Some auto insurance companies don’t offer rates over the internet and many times these small insurance companies only sell coverage through local independent agents.
We’ve covered quite a bit of information on how to shop for Buick Rainier insurance online. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding affordable Buick Rainier insurance quotes. Drivers may even discover the lowest rates come from an unexpected company.
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