Cheapest Insurance for a Ford Transit Connect in Lexington

Regrettably, a large majority of auto insurance policyholders kept buying from the same company for well over three years, and roughly 40% of drivers have never compared rates with other companies. With the average premium in Kentucky being $2,134, drivers can cut their rates by as much as $631 a year just by getting comparison quotes, but they won’t spend time to shop their coverage around.

Insurance quote for Ford Transit Connect in LexingtonThe preferred way to find affordable quotes for Ford Transit Connect insurance in Lexington is to annually compare prices from companies who sell insurance in Kentucky.

Step 1: Spend some time learning about what is in your policy and the measures you can control to keep rates in check. Many rating criteria that are responsible for high rates such as inattentive driving and poor credit history can be eliminated by making minor changes in your lifestyle.

Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from one company like Progressive and State Farm, while agents who are independent can quote rates from multiple sources.

Step 3: Compare the quotes to your current policy and see if there is a cheaper rate in Lexington. If you can save money and buy the policy, ensure coverage does not lapse between policies.

One bit of advice is to try to use the same coverage limits and deductibles on each quote request and and to get price estimates from as many carriers as you can. This provides a fair price comparison and the best rate selection.

If you have a policy now or just want to save money, you will benefit by learning to find the best rates and possibly find even better coverage. Finding the cheapest insurance coverage in Lexington is much easier if you know where to start. You just need to know the proper way to get comparison quotes from many companies at once.

The companies shown below provide free rate quotes in Lexington, KY. If you want cheap auto insurance in Kentucky, we recommend you visit two to three different companies to get the most affordable price.

Three reasons to not skimp on auto insurance

Even though Lexington Transit Connect insurance rates can get expensive, insurance is a good idea for several reasons.

First, most 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 drive the car. 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 you bought your Ford Transit Connect with a loan, more than likely the lender will require that you have full coverage to guarantee their interest in the vehicle. If the policy lapses, the lender will be forced to insure your Ford at a much higher premium rate and require you to fork over for the expensive policy.

Third, insurance safeguards both your Ford and your personal assets. It will also reimburse you for medical bills for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if you are named as a defendant in an auto accident. If your Ford gets damaged, your auto insurance policy will pay to have it repaired.

The benefits of carrying enough insurance definitely exceed the cost, especially if you ever need it. According to a recent study, the average American driver is overpaying over $855 a year so you should quote your policy with other companies at every policy renewal to make sure the price is not too high.

Coverage information

The coverage table shown next covers different insurance rates for Ford Transit Connect models. Having a good understanding how prices are calculated can be useful when making smart choices when comparing insurance rates.

Ford Transit Connect Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $190 $416 $342 $20 $102 $1,070 $89
Transit Connect XLT 2WD $190 $416 $342 $20 $102 $1,070 $89
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Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Price information does not factor in Lexington location which can change coverage rates significantly.

Should you raise deductibles?

When comparing insurance rates, the most common question is at what level do you set your deductibles. The following insurance rates may help to illustrate the costs and benefits between low and high policy deductibles. The first pricing table uses a $250 deductible for physical damage and the second rate table uses a $500 deductible.

Ford Transit Connect insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $220 $426 $326 $20 $98 $1,115 $93
Transit Connect XLT 2WD $220 $426 $326 $20 $98 $1,115 $93
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Ford Transit Connect insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Transit Connect XL 2WD $178 $342 $326 $20 $98 $964 $80
Transit Connect XLT 2WD $178 $342 $326 $20 $98 $964 $80
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Prices do not factor in your specific Lexington location which can lower or raise prices significantly.

Based on the data above, we can derive that using a $250 deductible costs roughly $13 more each month or $156 every year averaged for all Transit Connect models than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you have at least 19 months between claim filings, you would probably come out ahead if you elect the higher deductible.

Insurance rate increases from tickets or accidents

The illustration below highlights how speeding tickets and accident claims can influence Ford Transit Connect insurance costs for each different age group. The rate quotes are based on a married male driver, comp and collision included, $100 deductibles, and no policy discounts are applied.

Lexington insurance discounts for a Ford Transit Connect

Some insurers do not list the entire discount list very well, so the following list contains both well-publicized and the more hidden discounts that may be available.Auto insurance discounts

You can save money using discounts, but most discount credits are not given to all coverage premiums. Most only apply to the cost of specific coverages such as comp or med pay. Just because you may think it’s possible to get free car insurance, you won’t be that lucky.

The chart below shows the difference between Ford Transit Connect insurance prices with and without policy discounts. The premium estimates are based on a female driver, no claims or driving violations, 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 claim-free, marriage, multi-car, multi-policy, homeowner, and safe-driver discounts applied.

To find insurance companies with discount rates in Kentucky, click this link.

Which auto insurance company is best in Lexington?

Finding the highest-rated company can be difficult considering how many choices drivers have in Lexington. The ranking data shown next can help you select which auto insurance companies you want to consider comparing rates with.

Top Auto Insurance Companies 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
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Data Source: Best Car Insurance Companies