Overpriced Ford Fiesta insurance in Lexington can consume your monthly budget and possibly require you to analyze your spending habits. Getting a rate comparison is free and is an excellent way to slash your bill and have more diposable income.
It’s safe to assume that insurance companies don’t want you to look for a cheaper policy. Insureds who compare rates once a year are highly likely to buy a new policy because of the good chance of finding a policy with more affordable rates. A recent survey discovered that consumers who routinely compared quotes saved about $850 each year compared to policyholders who never shopped around.
If finding the lowest price for insurance is the reason you’re reading this, then knowing the best way to quote and compare insurance coverage can save money and time.
Steps to finding low-cost rates for Ford Fiesta insurance in Lexington
If you want to find the absolute lowest rates, then the best way to save money on Ford Fiesta insurance is to compare quotes annually from providers that insure vehicles in Lexington.
- First, try to comprehend coverages and the things you can control to lower rates. Many risk factors that result in higher rates such as accidents, traffic tickets, and a low credit score can be controlled by paying attention to minor details. Later in this article we will cover more ideas to get low prices and get discounts that may be available to you.
- Second, quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or State Farm, while independent agencies can quote rates from multiple companies.
- Third, compare the new quotes to your current policy premium to see if cheaper Fiesta coverage is available in Lexington. If you find better rates and decide to switch, ensure there is no coverage lapse between policies.
- Fourth, tell your current agent or company to cancel your current auto insurance policy. Submit the completed application along with a down payment for your new coverage. As soon as you have the new policy, keep your new proof of insurance paperwork in your glove compartment.
One thing to remember is to compare identical limits and deductibles on every quote and and to look at every insurance company. Doing this guarantees a fair rate comparison and and a good selection of different prices.
Multiple insurers compete for your business, so it can be very hard to choose a company to find the lowest rate possible on Ford Fiesta insurance in Lexington.
If you are already insured or just want to save money, use these tips to cut your premiums while maintaining coverages. Locating the best rates in Lexington is much easier if you know where to start. Smart shoppers just need to learn the proper methods to compare prices online from multiple companies.
The easiest way to get rate comparisons for Ford Fiesta insurance in Lexington is to know car insurance companies allow for online access to give rate comparisons. The only thing you need to do is take a few minutes to give details including how old drivers are, types of safety features, whether you have decent credit, and distance driven. That rating data gets sent immediately to many different companies and you will get price comparisons quickly.
To start a quote now, click here and complete the form.
The companies shown below provide price comparisons in Kentucky. If you want to find the best auto insurance in KY, we suggest you visit as many as you can to get the most affordable price.
Car insurance just makes sense
Despite the fact that car insurance is not cheap in Lexington, insurance is mandatory in Kentucky but it also protects more than you think.
First, the majority of states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a minimum amount of liability protection in order to be legal. 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 your Fiesta has a lienholder, it’s most likely the lender will make it mandatory that you buy full coverage to guarantee payment of the loan. If you do not keep the policy in force, the bank or lender will purchase a policy for your Ford at a more expensive rate and make you pay for the much more expensive policy.
Third, insurance safeguards not only your car but also your assets. It will also cover hospital and medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if you are sued as the result of your driving. If your Ford gets damaged, your car insurance policy will pay to have it repaired.
The benefits of buying enough insurance definitely exceed the cost, specifically if you ever have a liability claim. Despite what companies tell you, the average driver overpays as much as $855 a year so it’s important to compare rates at least once a year to ensure rates are competitive.
Lower Insurance Rates with These Tips
Lots of factors are taken into consideration when you get your auto insurance bill. Some factors are common sense like an MVR report, although others are less apparent such as whether you are married or how safe your car is.
Shown below are just a few of the factors that factor into your premiums.
Long commutes cost more – The higher the mileage driven each year the more you’ll pay to insure your vehicle. Most insurance companies calculate prices based on their usage. Vehicles not used for work or commuting get more affordable rates than those used for commuting. Ask your agent if your car insurance policy shows the right rating data, because it can save money. Improper usage on your Fiesta may be costing you.
Insurance rates in urban areas – Residing in small towns and rural areas has definite advantages when talking about car insurance. Residents of big cities tend to have more traffic problems and a longer drive to work. Less people living in that area means reduced accidents in addition to fewer liability claims.
Better prices with anti-theft devices – Driving a car with anti-theft technology or alarm system can save you some money. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart vehicle theft.
Cautious drivers pay less – Attentive drivers receive lower rates compared to bad drivers. Having a single moving violation could increase your next policy renewal by as much as twenty percent. People who have serious tickets like DUI or willful reckless driving may find that they have to to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to legally drive a vehicle.
Insurance loss data for a Ford Fiesta – Insurance companies include the past claim history for a vehicle to help determine the price you pay. Vehicles that tend to have increased claim numbers or amounts will have a higher premium rate.
The information below illustrates the collected loss data for Ford Fiesta vehicles. For each type of coverage, the claim probability for all vehicles as a whole is equal to 100. Percentage numbers below 100 mean the vehicle has better than average losses, while numbers above 100 point to more losses or an increased chance of a larger loss.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Check for these discounts on Ford Fiesta insurance in Lexington
Insurance is neither fun to buy or cheap, but you may find discounts that can help lower your rates. A few discounts will be applied at quote time, but a few need to be asked for before being credited. If you do not check that you are getting every discount you deserve, you could be paying more than you need to.
- Military Discounts – Having an actively deployed family member could mean lower prices.
- Low Mileage – Low annual miles can earn cheaper rates.
- Air Bag Discount – Factory air bags or automatic seat belts may get savings up to 30%.
- Auto/Home Discount – If you insure your home and vehicles and insure them with the same company you could save over 10 percent off each policy depending on the company.
- Senior Citizen Rates – Mature drivers are able to get a discount up to 10%.
As a disclaimer on discounts, most of the big mark downs will not be given to all coverage premiums. The majority will only reduce specific coverage prices like liability and collision coverage. Despite the fact that it seems like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.
To see insurance companies offering insurance discounts in Kentucky, click here.
What insurance coverages do I need?
Always remember that when buying coverage, there isn’t really a one-size-fits-all type of policy. Every insured’s situation is different.
Here are some questions about coverages that might point out whether you may require specific advice.
- Do they offer discounts for home and auto coverage?
- Does liability extend to a camper or trailer?
- Is my custom stereo system covered?
- What is the rate difference between pleasure use and commuting?
- Am I covered if I wreck a rental car?
- Why do I need rental car insurance?
- Are rental cars covered under my policy?
- Are my friends covered when driving my Ford Fiesta?
- How much liability coverage do I need in Kentucky?
If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an agent. To find an agent in your area, complete this form. It’s fast, doesn’t cost anything and may give you better protection.
Local Lexington car insurance agents and car insurance
A small number of people would prefer to go talk to an agent and often times that is recommended Agents can help determine the best coverages and help submit paperwork. One of the great benefits of getting online price quotes is the fact that drivers can get cheap car insurance quotes but also keep your business local.
After completing this quick form, your insurance coverage information is submitted to participating agents in Lexington that provide free Lexington auto insurance quotes for your insurance coverage. There is no need to contact any agents due to the fact that quote results will go instantly to you. If you have a need to get a price quote from a specific car insurance provider, you would need to visit that company’s website and fill out the quote form the provide.
Finding a good company requires more thought than just the price. Here are some questions to ask:
- Are they actively involved in the community?
- Are they paid to recommend certain coverages?
- Do you qualify for any additional discounts?
- Do they have designations such as AIC, CPCU, or CIC?
- What company do they have the most business with?
The difference between Lexington auto insurance agents
If you prefer to buy car insurance from local Lexington agents, it helps to know the two different agency structures and how they differ in how they can insure your vehicles. Agents are classified as either independent or exclusive. Either one can write policy coverage, but it’s important to know the difference between them since it can affect your selection of an agent.
Exclusive Car Insurance Agencies
Agents that elect to be exclusive can only provide one company’s prices and some examples include Farmers Insurance or State Farm. They generally cannot provide prices from multiple companies so they have to upsell other benefits. These agents are usually quite knowledgeable on their company’s products and that allows them to sell at a higher price point.
Below is a short list of exclusive agencies in Lexington who may provide you with price quote information.
Independent Agencies or Brokers
Independent insurance agents are normally appointed by many insurers so they can insure your vehicles with an assortment of companies and get the cheapest rates. To move your coverage to a new company, they simply move the coverage in-house and the insured can keep the same agent.
When comparing rates, you need to include price quotes from at least one independent agent for maximum quote selection.
Shown below are independent agents in Lexington willing to provide rate quotes.
Nicole Wright Insurance Agency
169 E Reynolds Rd #102 – Lexington, KY 40517 – (859) 971-0221 – View Map
When you buy Lexington auto insurance online, it’s not a good idea to buy less coverage just to save a little money. Too many times, drivers have reduced physical damage coverage only to find out they didn’t have enough coverage. The goal is to buy enough coverage at the best possible price, but do not skimp to save money.
Drivers switch companies for many reasons like not issuing a premium refund, questionable increases in premium, lack of trust in their agent and poor customer service. It doesn’t matter what your reason, finding a new company is actually quite simple.
Throughout this article, we presented a lot of information how to save on Ford Fiesta insurance in Lexington. The key thing to remember is the more price quotes you have, the better your chances of lowering your rates. You may even discover the lowest priced car insurance comes from a company that doesn’t do a lot of advertising.
How to buy cheaper Ford Fiesta insurance in Lexington
If you want to save the most money, the best way to find the cheapest price for Ford Fiesta insurance in Lexington is to do a yearly price comparison from different companies who sell auto insurance in Kentucky. Drivers can shop around by following these guidelines.
Step 1: Spend some time learning about how insurance works and the steps you can take to keep rates down. Many rating factors that result in higher prices like accidents, traffic tickets, and a poor credit rating can be controlled by being financially responsible and driving safely.
Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from a single company like Progressive or Farmers Insurance, while independent agencies can provide rate quotes from multiple companies.
Step 3: Compare the new rate quotes to your existing policy and see if there is a cheaper rate in Lexington. If you find a lower rate quote and buy the policy, ensure there is no coverage lapse between policies.
Step 4: Notify your agent or company of your intent to cancel your current coverage and submit payment and a completed application for your new coverage. As soon as coverage is bound, put the proof of insurance paperwork with your vehicle’s registration.
An important part of this process is that you use identical deductibles and limits on each quote and and to get rates from as many companies as feasibly possible. This helps ensure a fair rate comparison and a thorough selection of prices.
More tips and info about car insurance is available by following these links:
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- How Much is Car Insurance for Teachers in Lexington? (FAQ)
- Preventing Carjacking and Theft (Insurance Information Institute)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Vehicle Insurance (Wikipedia)
- Auto Insurance FAQ (Farmers Insurance)