Who Has the Cheapest Car Insurance for Active Military in Lexington?

The words “affordable” and “auto insurance” probably shouldn’t be used together, especially when searching for the best car insurance for active military. Because it’s not cheap, let’s learn about some things that have a considerable impact on insurance rates, and find out if you can cut the cost of the next policy you buy.

Finding decent, reasonably-priced insurance is tough enough, and figuring out which company has the best auto insurance rates for active military will take even more rate comparisons.

Each auto insurer has a unique formula for determining prices, so we need to take a look at the auto insurance companies with the overall cheapest rates in Lexington, KY. We do need to point out that Lexington, KY auto insurance rates are determined by lots of factors which can substantially change your annual premium. Simply having another birthday, moving to a new city, or getting a DUI can produce rate changes that can now make some companies cheaper than before.

Cheap Insurance Rates for Military

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Kentucky auto insurance company rankings
Rank Company Cost Per Year
1 Cincinnati Insurance $1,093
2 Kentucky Farm Bureau $1,163
3 USAA $1,175
4 Auto-Owners $1,357
5 Motorists Mutual $1,601
6 Grange Mutual $1,609
7 Travelers $1,631
8 State Farm $1,793
9 Westfield $1,888
10 Safe Auto $1,913
11 Progressive $2,056
12 Electric $2,076
13 Nationwide $2,085
14 State Auto $2,232
15 Encompass $2,312
16 GEICO $2,365
17 Safeco $2,791
18 MetLife $3,084
19 Shelter $3,135
20 Liberty Mutual $3,744
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Cincinnati Insurance has some of the most affordable car insurance rates in Lexington at around $1,093 a year. This is $1,050 less than the average 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 lowest-priced Lexington, KY auto insurance companies.

In the rate table above, if you currently have coverage with Auto-Owners and switched to Cincinnati Insurance, you might realize yearly savings of in the neighborhood of $264. Insureds with Motorists Mutual might save as much as $508 a year, and Grange Mutual insureds might realize rate reductions of up to $516 a year.

Understand that those policy rates are averaged across all drivers and vehicles in Kentucky and and are not figured with a specific zip code for active military. So the insurer that has the cheapest price for you may not even be in the top 21 companies shown above. That emphasizes why you need to get rate quotes using your own individual information.

For military personnel, one of the more important considerations that are looked at to determine auto insurance rates is where you normally keep your vehicle. Areas with high crime rates or more dense population will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims benefit from having to pay less for coverage.

The following table lists the most costly cities in Kentucky for active military to buy car insurance in. Lexington ranks #19 with a yearly cost of $1,469 for the average insurance policy, which is about $122 monthly.

Car insurance prices in Lexington
Rank City Annual Rate
1 Louisville $2,154
2 Frankfort $1,725
3 Saint Matthews $1,694
4 Jeffersontown $1,685
5 Ashland $1,656
6 Radcliff $1,654
7 Paducah $1,631
8 Elizabethtown $1,611
9 Madisonville $1,600
10 Murray $1,565
11 Winchester $1,547
12 Hopkinsville $1,538
13 Danville $1,534
14 Covington $1,532
15 Nicholasville $1,504
16 Henderson $1,495
17 Georgetown $1,491
18 Richmond $1,475
19 Lexington $1,469
20 Florence $1,427
21 Independence $1,422
22 Erlanger $1,420
23 Bowling Green $1,418
24 Fort Thomas $1,412
25 Owensboro $1,390
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Rate information is comparative as specific Lexington zip code can revise auto insurance rates greatly.

The make and model of vehicle you are trying to insure is a significant factor that determines whether or not you find the lowest-priced auto insurance for active military. Vehicles with more horsepower, poor crash test ratings, or an increased likelihood of liability claims will cost much more to insure than safer models.

The list below estimates auto insurance premiums for a number of the most affordable automobiles to insure in Kentucky.

Cheapest Vehicles to Insure in Lexington, KY
Vehicle Estimated Cost for Full Coverage
Honda CR-V EX 4WD $833
Ford Escape XLT 4WD $908
Toyota RAV4 Limited 4WD $961
Jeep Wrangler Sport Islander Package 4WD 2-Dr $971
Toyota Prius $989
Toyota Corolla LE $1,013
Jeep Grand Cherokee SRT-8 4WD $1,032
Nissan Rogue S 2WD $1,038
GMC Sierra SLT Crew Cab 2WD $1,032
GMC Sierra 2500HD SLE Regular Cab 4WD $1,038
Ford Explorer XLT AWD $1,032
Hyundai Sonata GLS 4-Dr Sedan $1,039
Ford F-150 Lariat Crew Cab Platinum 4WD $1,050
Nissan Altima 2.5 4-Dr Sedan $1,056
Chevrolet Impala LS $1,058
Volkswagen Jetta 2.0T Station Wagon $1,066
Dodge Ram 3500 Crew Cab Laramie 2WD $1,072
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Rates do not factor in specific location which can revise insurance rates substantially.

By looking at the data, you can see that vehicles like the Honda CR-V, Ford Escape, Toyota RAV4, Jeep Wrangler, and Toyota Prius are some of the cheapest vehicles to insure for military personnel.

Do you need full coverage?

Saving money when shopping for auto insurance is probably important to most vehicle owners, and one easy way to pay lower rates for insurance for active military is to not buy comprehensive and collision coverage. The chart below illustrates the difference between auto insurance costs with full coverage compared to only the Kentucky minimum liability coverage. The price estimates are based on no claims, a clean driving record, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

If all age groups are averaged, full coverage costs an additional $1,486 per year over liability only. That is a large expense and it proposes the question when is the right time to remove full coverage. There isn’t a steadfast formula for phasing out physical damage insurance, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.

Insurance rate increases from tickets or accidents

One of the best ways to find cheap auto insurance prices in Kentucky for military personnel is to be a careful driver and avoid traffic citations and accidents. The diagram below shows how traffic citations and at-fault fender-benders impact insurance rates for each age group. The prices are based on a single male driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.

In the prior example, the average cost of an auto insurance policy in Lexington per year with no accidents or violations is $1,541. Receive one speeding ticket and the average cost rises to $1,736, an increase of $195 each year. Now include one accident along with the one speeding ticket and the yearly cost of auto insurance for active military jumps again to an average of $2,280. That’s an increase of $739, or $62 per month, just for being a careless driver!

Buying coverage from the best auto insurance company can be a challenge considering how many companies sell insurance in Kentucky. The company rank data in the lists below could help you analyze which auto insurance companies to look at buying from. These rankings are only made up of the largest companies in the United States, so smaller regional companies are not factored into the list.

Top 10 Major Auto Insurers in Lexington Ranked by Customer Service

  1. USAA
  2. Travelers
  3. AAA Insurance
  4. Nationwide
  5. Safeco Insurance
  6. Progressive
  7. State Farm
  8. The Hartford
  9. The General
  10. Esurance

Top 10 Major Auto Insurers in Lexington Ranked by Value

  1. Travelers
  2. American Family
  3. AAA Insurance
  4. Safeco Insurance
  5. Progressive
  6. The Hartford
  7. Erie Insurance
  8. The General
  9. Esurance
  10. 21st Century

How to find low-cost insurance for active military

Lowering your rates is not difficult, and here are some penny-pinching suggestions that can help you buy more affordable car insurance.

The last item on the list is very necessary, as we noted in this piece. Prices charged by companies can be changed at any time, so don’t be unwilling to buy a policy from a new company if a more affordable price is available. Many consumers stick with the same company and that’s fine, but it’s not recommended if that stubbornness costs you several hundred dollars every year. It only take a few minutes to shop around to find cheaper auto insurance for active military in Lexington.

The Lexington auto insurance agencies shown below are a good start to provide answers to your questions and help you determine which policy fits your needs best, as some people prefer to have professional advice when comparing insurance rates for active military. It can be time-consuming to find the cheapest auto insurance company, and getting advice from a licensed agent can give you satisfaction knowing your coverage gives you sufficient coverage for your assets.

To locate a Lexington insurance agent by location nearest to you, click the link at the bottom or click here to compare price quotes now.

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