Compare Dodge Challenger Insurance Quotes in Lexington

Unthinkable but true, nearly 70% of drivers kept buying from the same company for four years or more, and nearly 40% of drivers have never compared auto insurance rates at all. Drivers in Lexington could save an average of up to $631 each year, but they just don’t understand the amount of savings they would get if they swap their current policy for a cheaper one.

Discount Dodge Challenger insuranceThe easiest way to find cheaper car insurance rates in Lexington is to start doing an annual price comparison from providers who provide car insurance in Kentucky. Prices can be compared by following these steps.

An important bit of advice to remember is to use similar deductibles and liability limits on every quote request and and to get price estimates from every insurance company. This guarantees an apples-to-apples comparison and a better comparison of the market.

We hope to help you learn the best ways to compare prices. If you currently have car insurance, you stand a good chance to be able to find better prices using the ideas presented in this article. Drivers just need to know the most efficient way to find the lowest price online.

Getting a low cost price on insurance isn’t really that difficult. You just have to spend a few minutes to compare rate quotes online from several insurance companies.

Comparing free rate quotes online is easy and it, takes the place of having to drive to different agent offices. Buying insurance online makes this unnecessary unless you’re the type of person who wants the guidance of an agent trained in personal lines coverage. It is possible to compare the best prices online but buy the policy through an agent.

The companies shown below offer free quotes in Kentucky. If your goal is to find cheap auto insurance in KY, we recommend you visit two to three different companies to get the lowest price.

Rate information and statistics

The rate information shown next outlines estimates of insurance policy prices for Dodge Challenger models. Knowing how insurance premiums are figured can help drivers make smart policy decisions.

Dodge Challenger Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $272 $516 $416 $24 $124 $1,352 $113
Challenger R/T $300 $594 $416 $24 $124 $1,458 $122
Challenger SRT-8 $328 $672 $416 $24 $124 $1,564 $130
Get Your Own Custom Quote Go

Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rate information does not factor in Lexington location which can revise insurance rates considerably.

Deductible analysis

One of the hardest decisions when shopping for car insurance is what deductibles to buy. The figures shown below highlight the rate difference between low and high insurance deductibles. The first rate estimation uses a $250 comprehensive and collision deductible and the second price table uses a $1,000 deductible.

Dodge Challenger insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $318 $500 $368 $22 $110 $1,343 $112
Challenger R/T $350 $576 $368 $22 $110 $1,451 $121
Challenger SRT-8 $382 $652 $368 $22 $110 $1,559 $130
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Dodge Challenger insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $196 $316 $368 $22 $110 $1,012 $84
Challenger R/T $216 $362 $368 $22 $110 $1,078 $90
Challenger SRT-8 $236 $410 $368 $22 $110 $1,146 $96
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Table data does not factor in your specific Lexington location which can modify insurance rates greatly.

Based on these figures, using a $250 deductible will cost you about $31 more each month or $372 each year averaged for all Challenger models than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 24 months between claims, you would probably be better off going with the higher deductible.

Annual premiums for males compared to females in Lexington

The illustration below shows the difference between Dodge Challenger car insurance rates for male and female drivers. The data is based on no claims or violations, full coverage, $100 deductibles, marital status is single, and no discounts are applied.

Comparison of full coverage and liability-only policies

The diagram below shows the comparison of Dodge Challenger car insurance costs with full physical damage coverage compared to only buying liability only. The price estimates are based on no claims or driving citations, $1,000 deductibles, drivers are single, and no policy discounts are applied.

When to stop buying physical damage coverage

There is no definitive guideline to drop comp and collision coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is about 10% or more of the settlement you would receive from your company, then it might be time to buy liability only.

For example, let’s say your Dodge Challenger book value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $3,000 after paying your deductible. If you are paying more than $300 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some circumstances where dropping full coverage is not recommended. If you haven’t paid off your loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not remove full coverage.

Protect more than your Dodge Challenger

Despite the high insurance cost for a Dodge Challenger in Lexington, insurance may be required and benefits you in several ways.

The benefits of carrying adequate insurance greatly outweigh the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer is currently overpaying as much as $850 per year so shop around each time the policy renews to be sure current rates are still competitive.

Components of Your Dodge Challenger Insurance Premiums

An important part of buying insurance is that you know a few of the rating criteria that come into play when calculating your premiums. When you understand what determines base rates, this allows you to make good choices that can earn you lower car insurance prices.

Verify you’re applying every discount

Some insurers do not list every policy discount very clearly, so the below list has a few of the more common and also the more inconspicuous savings tricks you should be using when you buy Lexington car insurance online. If you check and find you aren’t receiving every discount available, you are paying more than you should be.Discount insurance

A quick disclaimer, most credits do not apply to the entire cost. Most only reduce the price of certain insurance coverages like comprehensive or collision. So when it seems like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

The chart below shows the comparison of Dodge Challenger insurance premiums with and without policy discounts. Data assumes a male driver, no violations or accidents, Kentucky state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, marriage, homeowner, claim-free, and safe-driver discounts applied.

Large insurance companies and some of the discounts are:

Before buying, ask each company or agent to give you their best rates. Depending on the company, some discounts may not apply in Lexington. To see a list of insurance companies with the best Dodge Challenger insurance discounts in Lexington, click here to view.

Don’t assume everyone needs the same insurance coverage

When it comes to adequate coverage, there isn’t really a one size fits all plan. Every insured’s situation is different.Safe vehicles cost less to insure

Here are some questions about coverages that could help you determine if you would benefit from professional advice.

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and may give you better protection.

Car insurance quotes from local Lexington insurance agencies

Certain consumers prefer to buy from a licensed agent and there is nothing wrong with that. Insurance agents will help you protect your assets and help file insurance claims. One of the benefits of comparing rates online is that you can find cheap rate quotes but still work with a licensed agent. And supporting local insurance agents is especially important in Lexington.

Find insurance agent in LexingtonOnce you complete this quick form, your coverage information is immediately sent to agents in your area that can give you free Lexington car insurance quotes for your business. There is no need to visit any agencies because prices are sent to the email address you provide. If you need to quote rates from a specific car insurance provider, you would need to navigate to their website and fill out their quote form.

Types of auto insurance agents in Lexington

If you want to use a local insurance agency, it’s important to understand the different agency structures that differ in how they can insure your vehicles. Lexington agents are either independent or exclusive depending on the company they work for. Both types can properly insure your vehicles, but it’s worth learning how they differ because it can influence the kind of agent you use.

Independent Car Insurance Agencies or Brokers

Agents that elect to be independent are not required to write business for one company so they can quote policies through many companies enabling the ability to shop coverage around. If you want to switch companies, the business is moved internally and the insured can keep the same agent. When comparing car insurance prices, we recommend you get quotes from several independent insurance agents for the best price selection.

Below is a small list of independent insurance agents in Lexington who can help you get cheap rate quotes.

1202 Winchester Rd #100Lexington, KY 40505(859) 253-2728View Map

Al Jones Insurance Agency
274 Southland Dr, Suite #106ALexington, KY 40503(859) 276-0400View Map

1500 Leestown Rd #160Lexington, KY 40511(859) 412-4636View Map

More Lexington agents

Exclusive Car Insurance Agencies

Agents that elect to be exclusive are contracted to one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. They generally cannot provide prices from multiple companies so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are usually well trained in insurance sales and that can be a competitive advantage.

The following is a list of exclusive insurance agencies in Lexington willing to provide rate quotes.

851 Corporate Dr Ste 200Lexington, KY 40503(859) 223-1191View Map

125 Towne Center Dr #125Lexington, KY 40511(859) 266-2121View Map

201 Ruccio Way #120Lexington, KY 40503(859) 276-4366View Map

More Lexington agents

Deciding on an auto insurance agent requires more thought than just the premium amount. These are some questions your agent should answer.

After you get good feedback and an acceptable price quote, most likely you have located an insurance agency that meets the criteria to properly insure your vehicles.

Ratings for Kentucky car insurance companies

Ending up with the top insurance provider can be difficult considering how many companies sell coverage in Kentucky. The ranking data displayed below may help you choose which car insurance providers you want to consider purchasing from.

Top 10 Lexington Car Insurance Companies Overall

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

Top 10 Lexington Car Insurance Companies by A.M. Best Rank

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Erie Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. Nationwide – A+
  9. The Hartford – A+
  10. Allstate – A+

Lower rates by being persistent

As you shop your coverage around, you should never skimp on coverage in order to save money. There are many occasions where an insured dropped comprehensive coverage or liability limits only to discover later that it was a big error on their part. Your goal should be to purchase a proper amount of coverage at the best cost while not skimping on critical coverages.

People change insurance companies for many reasons like delays in paying claims, extreme rates for teen drivers, not issuing a premium refund or delays in responding to claim requests. No matter why you want to switch, finding a new car insurance company can be easy and end up saving you some money.

Cost effective Dodge Challenger insurance can be sourced on the web and from local agencies, so get free Lexington car insurance quotes from both of them to have the best rate selection. There are still a few companies who do not offer online rate quotes and these smaller companies provide coverage only through independent agents.

More detailed car insurance information can be found at these sites: