Have you had enough of sacrificing other expenses to pay your auto insurance bill each month? You have the same problem as millions of other people.
Astonishing but true, nearly 70% of customers renewed their policy with the same company for at least the last four years, and nearly 40% of drivers have never compared auto insurance rates at all. Many consumers in Kentucky can save approximately $630 each year, but they don’t know how much they could save if they swap their current policy for a cheaper one.
Steps to buying discount Chrysler Aspen insurance in Lexington
The most effective way to get cheaper Chrysler Aspen insurance in Lexington is to begin comparing prices regularly from different companies in Kentucky.
- Gain an understanding of how insurance works and the things you can change to keep rates low. Many risk factors that cause high rates like getting speeding tickets and an imperfect credit rating can be remedied by making small lifestyle or driving habit changes.
- Compare price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO or Farmers Insurance, while independent agencies can quote rates for a wide range of insurance providers. View companies
- Compare the quotes to the premium of your current policy and see if you can save money. If you can save some money and switch companies, make sure coverage is continuous and does not lapse.
The critical component of shopping around is to use similar limits and deductibles on each quote request and and to get price quotes from as many car insurance companies as possible. Doing this ensures an accurate price comparison and the best price quote selection.
There is such a variety of car insurance companies to pick from, and though it is a good thing to have a selection, too many choices makes it more difficult to adequately compare rates for Chrysler Aspen insurance in Lexington.
It is always a good idea to compare prices at least once a year since insurance prices change quite often. Even if you got the best quotes on Chrysler Aspen insurance in Lexington on your last policy other companies may now be cheaper. Forget all the misinformation about auto insurance because we’re going to demonstrate the fastest way to find the best coverage while lowering your premiums.
Most larger insurance companies such as 21st Century, Allstate and State Farm provide pricing direct online. This process is quite simple as you simply type in the coverages you want on the page. Behind the scenes, the system automatically retrieves information on your driving record and credit history and generates a price based on these factors. Getting online rate quotes for Chrysler Aspen insurance in Lexington simplifies rate comparisons, and it’s absolutely necessary to perform this step if you want to find cheaper car insurance pricing.
If you want to use this form to compare rates, visit the companies below or click here to submit a quote request to multiple companies at once. If you have coverage now, it’s recommended you enter your coverages exactly as they are listed on your policy. Doing this assures you will have a price comparison using the exact same coverages.
The companies shown below can provide price quotes in Kentucky. If you want to find the cheapest auto insurance in Lexington, we recommend you visit two to three different companies to get the most competitive price.
Car insurance does more than just protect your car
Even though Lexington Aspen insurance rates can get expensive, paying for car insurance is mandatory in Kentucky but it also protects more than you think.
First, the majority of states have minimum liability requirements which means the state requires a minimum amount of liability insurance coverage if you want to drive legally. 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, almost all lenders will make it mandatory that you buy full coverage to guarantee loan repayment. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Chrysler at a significantly higher premium and force you to reimburse them the higher premium.
Third, car insurance preserves your Chrysler and your assets. It will also cover medical transport and hospital expenses for yourself as well as anyone injured by you. As part of your policy, liability insurance will also pay for a defense attorney if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, your policy will cover the repair costs.
The benefits of buying enough insurance are without a doubt worth the cost, specifically if you ever have a liability claim. As of last year, the average driver in Kentucky is wasting up to $800 each year so compare rates at every policy renewal to be sure current rates are still competitive.
Detailed coverages of your car insurance policy
Knowing the specifics of car insurance can help you determine which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Shown next are the usual coverages available from car insurance companies.
Comprehensive protection – This covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things such as damage from a tornado or hurricane, vandalism and hail damage. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Collision – Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things like crashing into a building, driving through your garage door, rolling your car, crashing into a ditch and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible on your Aspen to get cheaper collision coverage.
Uninsured or underinsured coverage – This protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Chrysler Aspen.
Since many Kentucky drivers only carry the minimum required liability limits (25/50/10), it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.
Medical expense coverage – Med pay and PIP coverage pay for short-term medical expenses for EMT expenses, chiropractic care and pain medications. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay
Coverage for liability – This coverage can cover damage that occurs to other’s property or people in an accident. This insurance protects YOU against claims from other people. It does not cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/10 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $10,000 for damage to vehicles and property.
Liability can pay for claims such as loss of income, attorney fees, medical services and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase higher limits if possible. Kentucky state law requires minimum liability limits of 25/50/10 but drivers should carry higher limits.
The chart below demonstrates why buying minimum limits may not be adequate.