Cheapest Rate Quotes for Dodge Avenger Insurance in Lexington

Insurance for Dodge AvengerDid budget coverage turn out to be high-priced Dodge Avenger insurance in Lexington? You’re in good company because many Lexington drivers feel the same as you.

It’s an obvious assumption that car insurance companies don’t want policyholders to compare prices from other companies. Drivers who compare rates at least once a year are likely to buy a different policy because there are good odds of finding good coverage at a lower price. A study discovered that people who shopped around saved approximately $865 annually compared to those who didn’t regularly shop around.

If finding the lowest rates on auto insurance is your objective, then having a good understanding how to find companies and compare auto insurance can make it simple to find affordable coverage.

Multiple insurers compete for your hard-earned dollar, and because of this it can be hard to compare insurers to get the lowest price on Dodge Avenger insurance in Lexington.

It’s smart to take a look at other company’s rates before your next renewal since insurance rates tend to go up over time. If you had the best deal on Dodge Avenger insurance in Lexington a few years ago there may be better deals available now. There is a lot of wrong information about Avenger insurance on the web, but in this article, you’re going to get some good information on how to reduce your car insurance bill.

If you currently have car insurance, you will definitely be able to lower your rates using the concepts you’re about to learn. Locating the most cost-effective car insurance policy in Lexington is not that difficult as long as you know where to start. Although Kentucky consumers benefit from understanding how big insurance companies market insurance on the web and apply this information to your search.

Best companies for Dodge Avenger insurance

The following companies are our best choices to provide price quotes in Kentucky. To buy cheap auto insurance in Lexington, we recommend you visit as many as you can to get a more complete price comparison.

Facts and figures for Dodge Avenger insurance

The coverage information below outlines different insurance coverage prices for Dodge Avenger models. Learning how car insurance prices are established can be valuable when making smart choices when buying a car insurance policy.

Dodge Avenger Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avenger Express $256 $550 $380 $22 $114 $1,322 $110
Avenger R/T $256 $550 $380 $22 $114 $1,322 $110
Avenger SXT $256 $550 $380 $22 $114 $1,322 $110
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Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Rates do not factor in specific location information which can alter premium rates considerably.

An analysis of deductible level

One of the most common insurance questions is how high should the physical damage coverage deductibles be. The comparison tables below illustrate the cost difference of buying low and high comp and collision deductibles. The first rate estimation uses a $100 physical damage coverage deductible and the second rate table uses a $1,000 deductible.

Dodge Avenger insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avenger Express $280 $598 $368 $22 $110 $1,403 $117
Avenger R/T $280 $598 $368 $22 $110 $1,403 $117
Avenger SXT $280 $598 $368 $22 $110 $1,403 $117
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Dodge Avenger insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avenger Express $156 $316 $368 $22 $110 $972 $81
Avenger R/T $156 $316 $368 $22 $110 $972 $81
Avenger SXT $156 $316 $368 $22 $110 $972 $81
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Prices do not factor in your specific Lexington location which can influence rates significantly.

We can estimate from the data above that using a $100 deductible will cost you roughly $36 more each month or $432 every year averaged for all Avenger models than buying the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 25 months between claim filings, you would probably be better off by selecting a higher deductible. The table below shows how this calculation is made.

Average monthly premium for $100 deductibles: $117
Average monthly premium for $1,000 deductibles (subtract): – $81
Monthly savings from raising deductible: $36
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $36
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

One thing to note is that a higher deductible level means you will have to pay more out-of-pocket at claim time. That will force you to have enough extra money in the event you need to pay more for the deductible.

Impact of speeding/accidents on insurance rates

The illustration below demonstrates how citations and accidents can influence Dodge Avenger premium costs for different categories of driver ages. The rate quotes are based on a single male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

Does it make sense to buy full coverage?

The diagram below shows the difference between Dodge Avenger insurance costs when comparing full coverage to liability only. The premium estimates are based on no claims or driving violations, $100 deductibles, drivers are not married, and no discounts are applied.

Should you pay for full coverage or liability only?

There is no specific rule to stop buying full coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is 10% or more of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let’s assume your Dodge Avenger claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after paying your deductible. If it’s costing you more than $400 a year to have full coverage, then it might be time to consider dropping full coverage.

There are some scenarios where buying only liability insurance is not advised. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.

How to Lower Your Insurance Prices

Part of the auto insurance buying process is learning some of the factors that are used to determine your premiums. When consumers understand what positively or negatively impacts your premiums, this enables you to make decisions that may result in lower premium levels. Lots of things are taken into consideration when quoting car insurance. Some are pretty understandable such as your driving history, although some other factors are not quite as obvious such as whether you are married or your financial responsibility.

The following are some of the items that factor into premiums.

Drivers with excellent credit save on auto insurance – A driver’s credit score will be a significant factor in calculating your auto insurance rates. If your credit score leaves room for improvement, you may save money insuring your Dodge Avenger by spending a little time repairing your credit. Consumers who have very high credit ratings tend to be better drivers and file fewer claims than drivers with bad credit.

Battle of the sexes – Statistics show women tend to be less risk to insure than men. It does not mean females are better at driving than males. Males and females cause fender benders at a similar rate, but the male of the species tend to have higher claims. In addition to higher claims, males also receive more costly citations such as DWI and reckless driving.

The information below visualizes the comparison of Dodge Avenger premium costs for male and female drivers. The premiums are based on no claims or driving violations, full physical damage coverage, $500 deductibles, drivers are single, and no discounts are factored in.

Be proud to be claim-free – Car insurance companies in Kentucky provide the lowest premiums to policyholders who file claims infrequently. If you file claims often, you can definitely plan on either a policy non-renewal or much higher rates. Your insurance policy is intended for claims that you cannot pay yourself.

Get better rates after the wedding – Having a wife or husband may earn you lower rates when shopping for auto insurance. It generally demonstrates drivers are more responsible and insurance companies reward insureds because married drivers tend to have fewer serious accidents.

Save by driving less – The more miles you rack up on your Dodge in a year’s time the higher the price you pay to insure it. Most companies apply a rate based upon how you use the vehicle. Cars used primarily for pleasure use can get a lower rate than those that get driven frequently. Ask your agent if your auto insurance policy reflects annual mileage, because it can save money. An improperly rated Avenger is throwing money out the window.

Affordable Dodge Avenger insurance rates in Lexington

Car insurance is expensive, but discounts can save money and there are some available that you may not even be aware of. Certain credits will be shown when you quote, but a few must be asked about before they will apply.Save money with discounts

As a disclaimer on discounts, most discount credits are not given to all coverage premiums. Some only apply to individual premiums such as comprehensive or collision. So even though it sounds like it’s possible to get free car insurance, it doesn’t quite work that way.

The chart below shows the comparison of Dodge Avenger yearly insurance costs with and without discounts applied. The rates are based on a female driver, no claims, a clean driving record, Kentucky state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, safe-driver, homeowner, multi-car, and multi-policy discounts applied.

Companies and some of the discounts are outlined below.

Before purchasing a policy, check with every prospective company which discounts you may be entitled to. Discounts may not apply to policies in Lexington. To locate companies that offer the discounts shown above in Kentucky, click this link.

Compare rate quotes but buy from a local Lexington insurance agent

Some people still prefer to buy from a local agent and that is OK! One of the great benefits of getting online price quotes is the fact that drivers can get cheap insurance quotes and still choose a local agent.

For easy comparison, once you complete this short form, the coverage information is submitted to participating agents in Lexington that can provide free Lexington auto insurance quotes for your insurance coverage. You won’t need to contact an agency because quoted prices will be sent directly to you. Get lower rates and an insurance agent to talk to. If you have a need to get a price quote for a specific company, just search and find their rate quote page and fill out their quote form.

Picking the best insurance company needs to be determined by more than just a cheap quote. These are some valid questions you should ask.

How to choose the best auto insurance agent in Lexington

If you want to use a reputable insurance agent or broker, there are two types of insurance agents to choose from. Agencies in Lexington may be either exclusive or independent.

Exclusive Agents

These agents can only quote rates from one company and examples are AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents are unable to compare rates from other companies so keep that in mind. Exclusive insurance agents receive extensive training in insurance sales which helps them compete with independent agents.

The following is a list of exclusive insurance agents in Lexington who can help you get price quote information.

138 E Reynolds Rd #102Lexington, KY 40517(859) 273-7373View Map

501 Darby Creek RdLexington, KY 40509(859) 543-8454View Map

3100 Old Todds Rd #110Lexington, KY 40509(859) 286-8655View Map

More Lexington agents

Independent Agents

Independent agencies are not restricted to one company and that allows them to write policies with many different companies and find you the best rates. If they find a cheaper price, an independent agent can move your coverage and that require little work on your part.

When comparing insurance rates, you absolutely need to get rate quotes from several independent agencies to have the best price comparison.

Listed below are Lexington independent agents willing to provide price quotes.

1801 Alexandria DrLexington, KY 40504(859) 373-1282View Map

185 Pasadena Dr Ste 235Lexington, KY 40503(859) 268-2542View Map

4384 Clearwater WayLexington, KY 40515(859) 269-1044View Map

More Lexington agents

One last thing about your coverage

While you’re price shopping online, do not buy less coverage just to save a little money. Too many times, consumers will sacrifice comprehensive coverage or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to get the best coverage possible at the lowest possible cost while not skimping on critical coverages.

The cheapest Dodge Avenger insurance in Lexington is possible both online in addition to many Lexington insurance agents, so you should compare both in order to have the best chance of saving money. Some insurance companies don’t offer the ability to get quotes online and many times these smaller providers only sell through independent agencies.

Steps to finding cheaper rates for Dodge Avenger insurance in Lexington

The most effective way to get discount Dodge Avenger insurance is to compare quotes once a year from insurance carriers in Lexington.

  1. Get a basic knowledge of what coverages are included in your policy and the modifications you can make to keep rates low. Many rating criteria that cause rate increases such as at-fault accidents, speeding tickets, and an imperfect credit history can be remedied by making minor driving habit or lifestyle changes.
  2. Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like GEICO or State Farm, while independent agents can give you price quotes for a wide range of insurance providers.
  3. Compare the price quotes to the price on your current policy and determine if cheaper Avenger coverage is available. If you find better rates, ensure there is no coverage lapse between policies.

One key aspect when comparing rates is that you use similar limits and deductibles on each price quote and and to compare as many car insurance companies as possible. This enables a fair price comparison and a complete rate analysis.

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