The vehicle model to be insured is probably the most important factor when comparing quotes for cheaper car insurance for government employees. Vehicles with lower performance, good crash test ratings, or a low likelihood of having liability claims will cost less to insure than high performance models. The data below outlines coverage costs for a selection of the most economical automobiles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Hyundai Elantra SE Touring Station Wagon||$1,019|
|Ford F-150 STX Regular Cab 2WD||$1,032|
|Ford Escape XLS 2WD||$1,076|
|Ford Focus SE 4-Dr Sedan||$1,091|
|Ford Edge SEL 2WD||$1,099|
|Chevrolet Impala LT||$1,111|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$1,133|
|Honda CR-V LX 2WD||$1,151|
|Volkswagen Jetta SE 4-Dr Sedan||$1,191|
|Toyota Corolla XRS||$1,196|
|Nissan Rogue S 2WD||$1,193|
|Chevrolet Silverado Crew Cab Hybrid 2WD||$1,248|
|Toyota Camry Hybrid||$1,272|
|Toyota RAV4 2WD||$1,274|
|Ford F-350 XLT Crew Cab Cabela Turbo Diesel 2WD||$1,292|
|GMC Sierra 2500HD SLE Crew Cab 2WD||$1,329|
|Honda Odyssey EX-L W/Navigation||$1,342|
|Toyota Tacoma X-Runner 2WD||$1,349|
|Dodge Grand Caravan Hero||$1,362|
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Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Information does not factor in specific Lexington, KY garaging location which can influence insurance rates considerably.
Looking at the numbers, we can presume that cars like the Hyundai Elantra, Ford F-150, and Toyota Prius should be a few of the more affordable vehicles to insure for state and federal workers.
One of the many components that are looked at to help calculate the price you pay for insurance is your zip code in Lexington. Areas with a lot of weather claims or more people will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the enjoyment of a little cheaper coverage.
The information below rates the most expensive areas in Kentucky for government employees to purchase auto insurance in. Lexington shows up at #17 with an annual cost of $1,499 for car insurance, which is around $125 each month.
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Rate information is comparative as the specific garaging location can revise premium rates noticeably.
Locating budget auto insurance is not easy, and finding out which insurers offer the best insurance rates for government employees requires even more shopping around.
Every insurance provider has their own process to establish rates, so let’s rank the insurance companies with the overall cheapest rates in Lexington. It’s a good idea to be aware that Kentucky insurance rates are impacted by many things that can increase the cost of having a policy. Getting older, getting married, or getting a few speeding tickets can trigger price changes that can cause some rates to be less affordable than competitors.
Lowest Insurance Price Quotes in Kentucky
|Rank||Company||Cost Per Year|
|2||Kentucky Farm Bureau||$1,174|
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Cincinnati Insurance may have some of the cheapest car insurance rates in Lexington at around $1,093 annually. This is $1,050 less than the average policy premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also make the cut as some of the cheaper Lexington, KY auto insurance companies.
In the above rates, if you are currently insured with Auto-Owners and switched to Kentucky Farm Bureau, you may see savings of in the neighborhood of $197. Policyholders with Motorists Mutual could save as much as $379 a year, and Grange Mutual policyholders might reduce rates by $387 a year.
Understand that those premiums are averaged across all insureds and vehicles and and are not figured with a specific zip code for government employees. So the auto insurance company that can offer you the best rate may not even be in the list above. That helps illustrate why you need to get car insurance quotes using your own individual information.
Impact of violations and accidents on rates in Lexington
The obvious way to enjoy the most affordable insurance rates for state and federal workers is to drive carefully and avoid accidents and traffic citations. The example below highlights how speeding tickets and accidents can affect insurance premiums for different age categories. The information is based on a single female driver, comp and collision included, $1,000 deductibles, and no discounts are applied.
The chart shows that the average cost of auto insurance per year with no accidents or violations is $1,313. Get two speeding tickets and the average cost swells to $1,745, an increase of $432 each year. Now include two accidents along with the two speeding tickets and the yearly cost of insurance for government employees increases to an average of $3,555. That’s an increase of $2,242, or $187 per month, just for not maintaining a clean driving record!
The example below illustrates how choosing a deductible can raise or lower yearly insurance costs when trying to find cheap insurance for government employees. The rates are based on a single female driver, comp and collision included, and no additional discounts are factored in.
In the chart above, a 50-year-old driver could lower rates by $352 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $528 by switching to a $1,000 deductible. Even younger insureds, such as the Age 20 example, can save $898 annually by using a higher deductible. When increasing deductibles, it will be required to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
How to find budget-friendly insurance for government employees
The list below summarizes many money-saving solutions that can help drivers quote cheaper coverage.
- Increase your deductibles
- Buy your auto and home insurance from the same company and save
- Drivers with good credit ratings often pay less
- Staying accident-free helps keep rates low
- Do not get traffic violations
- Try to remain claim-free
- Compare rates regularly to ensure the best deal
The last idea is extraordinarily significant, as we pointed out in this piece. Auto insurance rates fluctuate considerably, so don’t be hesitant to buy from a different company if a lower price can be found. Staying with the same car insurance company is fine, but we do not recommend it if that stubbornness costs you hundreds of dollars year after year. It only takes a couple minutes to compare rates to find cheaper car insurance for government employees in Lexington.
If you wish to have professional advice when shopping for cheaper insurance for government employees, the agencies below can provide answers to your questions and help you determine which coverages are best. To locate a Lexington insurance agent by location nearest to you, click the button below the list or click here to compare rates now.
Keith Renfro – State Farm Insurance Agent
3101 Clays Mill Rd Suite 402 – Lexington, KY 40503 – (859) 278-8415
Strong Insurance Agency, LLC
80 Codell Dr #120 – Lexington, KY 40509 – (859) 263-5840
Howard Shelton State Farm
2614 Richmond Road – Lexington, KY 40509 – (859) 266-6640
Lexington Insurance Agency, Inc.
465 E High St #101 – Lexington, KY 40507 – (859) 253-6570
Bob Pugh – State Farm Insurance Agent
828 Lane Allen Rd #251 – Lexington, KY 40504 – (859) 276-4421