Who Has the Cheapest Lexington Auto Insurance for Drivers with a Bad Driving Record?

The words “cheap” and “insurance” really should not be used together, in particular when you are shopping around for the best price on coverage for drivers with a bad driving record. Because it’s so expensive, let’s get started by showing you a few of the things that impact car insurance prices, and come up with some ways to lower the price of the next policy you buy.

One of the more important factors that aid in calculating the cost of insurance is where you keep your vehicle. Areas with increased crime or more people tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates get the luxury of paying less.

The illustration below sorts the highest-priced areas in Kentucky for drivers with a bad driving record to buy auto insurance in. Lexington ranks #21 with an annual cost of $1,454 for the average insurance policy, which is around $121 per month.

How much does car insurance cost in Lexington, KY?
Rank City Annual Rate
1 Louisville $2,176
2 Frankfort $1,778
3 Jeffersontown $1,719
4 Ashland $1,707
5 Saint Matthews $1,694
6 Paducah $1,647
7 Murray $1,613
8 Madisonville $1,600
9 Radcliff $1,590
10 Georgetown $1,551
11 Danville $1,549
12 Elizabethtown $1,547
13 Henderson $1,541
14 Richmond $1,535
15 Covington $1,532
16 Nicholasville $1,504
17 Winchester $1,501
18 Hopkinsville $1,478
19 Independence $1,466
20 Fort Thomas $1,455
Compare Prices Now Go

Information shown are comparative as the specific area where the vehicle is garaged can raise or lower premium rates greatly.

The make and model of vehicle to be insured is a significant factor when trying to find low-priced auto insurance for drivers with a bad driving record. Vehicles with limited speed and performance, good safety features, or a track record of few liability claims will cost significantly less to insure than fast, unsafe models. The table below shows car insurance premiums for a handful of the most economical automobiles to insure.

Cheapest Vehicles to Insure in Lexington, KY
Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 2WD $3,163
Ford Escape Limited 2WD $3,239
Toyota Prius $3,303
Ford Explorer Eddie Bauer 2WD $3,471
Toyota Tacoma 4WD $3,575
Ford F-150 STX Regular Cab 4WD $3,581
Volkswagen Jetta SE 2.5 Station Wagon $3,607
Chevrolet Impala LT $3,636
Ford Edge SEL 2WD $3,711
Honda Civic LX 4-Dr Sedan $3,766
Chevrolet Equinox LS 2WD $3,782
GMC Sierra SLE Regular Cab 2WD $3,791
Nissan Altima 2.5 4-Dr Sedan $3,782
Dodge Grand Caravan Hero $3,787
Toyota RAV4 Sport 4WD $3,782
Chevrolet Malibu LT $3,787
Ford Focus SES 4-Dr Sedan $3,883
Hyundai Elantra GLS 4-Dr Sedan $3,921
Honda Odyssey EX-L W/Rear Entertainment $3,946
Jeep Grand Cherokee Limited 2WD $3,958
Dodge Ram Quad Cab SLT 4WD $3,985
Chevrolet Silverado LTZ Crew Cab 4WD $3,988
Toyota Corolla XRS $3,995
Start a Quote Go

Data based on single male driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Price estimates do not factor in specific garaging location which can increase or decrease coverage rates significantly.

By looking at the data, models like the Honda CR-V, Ford Escape, Toyota Prius, and Ford Explorer are likely to be a few of the cheapest vehicles to insure for bad drivers. Rates will tend to be more expensive anyway because of the fact that there is more claim exposure for drivers with a bad driving record, but in general those vehicles will have the lowest insurance rates available.

Get discounts on Lexington auto insurance rates

Cheaper Lexington, KY car insurance for bad driversCar insurance companies that provide policies for drivers with a bad driving record may provide rate discounts that can reduce rates by 25% or more if you meet the requirements. Larger car insurance companies and a partial list of their discounts are:

The illustration below illustrates the difference between insurance prices with and without discounts applied to the premium. The rate quotes are based on a male driver, one speeding ticket and two accidents, Kentucky state minimum liability limits, full coverage, and $1,000 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with multiple policy, homeowner, multiple vehicle, anti-theft, marriage, and paid-in-full discounts applied. When taking advantage of discounts, theaverage amount saved on car insurance for drivers with a bad driving record is 29% or $922.

Picking the right insurance provider is difficult considering how many companies there are in Lexington. The rank data displayed below can help you select which auto insurers you want to consider shopping prices with. The rankings below are only comprised of insurance companies that insure vehicles in the majority of U.S. states, so smaller regional companies will not be included in the list.

Best Car Insurance Companies for Drivers with a Bad Driving Record in Lexington
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
Compare Rates Now Go

Data Source: Insure.com Best Car Insurance Companies

Full coverage or liability only

Saving money on car insurance should be important to the majority of vehicle owners, and a good way to save on the cost of insurance for drivers with a bad driving record is to only buy liability insurance. The chart below shows the comparison of insurance costs with and without physical damage coverage. Data assumes no claims, a clean driving record, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

Averaged for all ages 20 through 70, comp and collision coverage costs an additional $1,486 per year more than just buying liability only. That is a large expense which might make you wonder when is it a good idea to stop buying full coverage. There is no set guideline for eliminating physical damage coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.

Don’t stick with an overpriced policy

Kentucky car insurance rates are calculated based on many things which can significantly increase or decrease the cost of a policy. Simply getting older, moving to a different location, or having a fender bender can cause premium changes resulting in some companies being cheaper than before.

Not only may your risk profile change, but companies file new rates without warning to adjust for unexpected claims or profits. A period of higher than normal claims can result in increased policy costs, while a better loss history can result in more affordable Lexington car insurance rates.

To illustrate this example, the bar chart below shows the cheapest car insurance in Lexington, KY for a 35-year-old male driver with a good driving record, no prior claims, and good financial standing. If we look at prices based on his current situation, Cincinnati Insurance offers the cheapest car insurance rates in Lexington at $1,132 a year. This is $1,011 less than the average rate paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual are the remaining cheapest Lexington, KY auto insurance companies.

In the next rate comparison, we’ll give the driver in the first example a claim, poor credit, and a couple of points charged on his driving record. Due to the fact that each insurance company uses a different method to establish rates, analyzing rate quotes could now result in a new list of the cheapest car insurance companies in Lexington as shown below.

USAA now has the best auto insurance rate in Lexington with Travelers, Kentucky Farm Bureau, State Farm, and Westfield also being competitive. This example demonstrates why it is critical to compare rates to find the most affordable car insurance rates for drivers with a bad driving record. Car insurance prices are impacted by many risk factors and change dramatically, so the best option six months ago may now be wasting a lot of money.