The best way we recommend to save on car insurance rates is to compare prices once a year from companies that sell auto insurance in Lexington.
First, it will benefit you to learn about what coverages are included in your policy and the factors you can control to keep rates low. Many policy risk factors that result in higher prices such as high-risk driving behaviors and an imperfect credit rating can be improved by making minor driving habit or lifestyle changes.
Second, compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only quote rates from a single company like GEICO or Allstate, while independent agents can provide prices for a wide range of companies.
Third, compare the new rate quotes to your existing coverage to see if a cheaper price is available in Lexington. If you find better rates and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, provide notification to your current company of your intention to cancel your current auto insurance policy. Submit the application along with any required down payment to your new insurance company. Once the paperwork is finalized, place the new certificate verifying proof of insurance somewhere easily accessible.
A good tip to remember is to use the same level of coverage on every quote and and to get quotes from all possible companies. This provides an accurate price comparison and maximum price selection.
Anyone knows that auto insurance companies don’t want their policyholders to compare prices. Insureds who shop rates annually are very likely to switch companies because of the high probability of finding a lower-cost company. A recent car insurance study revealed that consumers who faithfully checked for cheaper rates saved on average $865 a year compared to policyholders who didn’t regularly shop around.
If finding budget-friendly rates on auto insurance in Lexington is your objective, then having some knowledge of how to shop for auto insurance can make it easier for you to save money.
Getting a cheaper price on insurance can be surprisingly simple. Drivers just need to invest a little time to compare rate quotes online with multiple companies.
It’s so fast and easy to compare price quotes online that it takes the place of having to go to insurance agencies in your area. Comparing online rate quotes eliminates this option unless you have a complicated situation and need the advice and guidance of a local agent. Although you can comparison shop your insurance online but purchase the actual policy in an agency.
The following companies are ready to provide free quotes in Lexington, KY. If your goal is to find cheap auto insurance in Lexington, KY, we recommend you visit two to three different companies to get the most affordable price.
What if I want to buy from local Lexington auto insurance agents?
Many drivers just want to get advice from a local agent and there is nothing wrong with that. Good insurance agents are trained risk managers and give you someone to call. A good thing about comparing rates online is you may find better rates and still choose a local agent.
After completing this simple form, the quote information is transmitted to local insurance agents in Lexington who will give you bids to get your business. There is no reason to visit any agencies because prices are sent to your email. If you have a need to get a comparison quote for a specific company, don’t hesitate to find their quoting web page and complete a quote there.
Finding the right company requires you to look at more than just the premium amount. The answers to these questions are important, too.
- Do they get extra compensation for selling add-on coverages?
- Is their price quote a firm figure or are their hidden costs?
- Does the agent recommend any additional coverage?
- Can they provide you with a list of referrals?
- What are the financial ratings for the companies they represent?
- Is vehicle damage repaired with OEM or aftermarket parts?
If you want a local Lexington insurance agent, there are a couple of different types of agencies and how they differ in how they can insure your vehicles. Car insurance agents can be described as either exclusive or independent (non-exclusive). Either one can properly insure your vehicles, but it’s important to know the subtle differences because it can influence buying decisions.
Exclusive Car Insurance Agencies
Exclusive agents generally can only insure with one company and examples are Allstate and State Farm. They generally cannot compare other company’s rates so they have to upsell other benefits. Exclusive agents are highly trained in insurance sales which helps offset the inability to provide other markets.
Below are exclusive insurance agencies in Lexington who may provide you with price quotes.
Bob Pugh – State Farm Insurance Agent
828 Lane Allen Rd #251 – Lexington, KY 40504 – (859) 276-4421 – View Map
Independent Car Insurance Agents
Independent insurance agents do not sell for just one brand so they can write business amongst many companies and help determine which has the cheapest rates. If prices rise, they simply move your policy to a different company and you don’t have to find a new agent. When searching for an agent, you need to get several quotes from at a minimum one independent agency to ensure the widest selection of prices.
Shown below is a list of independent agencies in Lexington that can give you rate quotes.
Nicole Wright Insurance Agency
169 E Reynolds Rd #102 – Lexington, KY 40517 – (859) 971-0221 – View Map
Ratings for Kentucky car insurance companies
Finding the right insurer can be challenging considering how many different companies sell coverage in Kentucky. The company rank data in the lists below can help you choose which coverage providers to look at when looking for cheaper rates.
Top 10 Lexington Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%
Top 10 Lexington Car Insurance Companies Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- AAA Insurance
- The Hartford