The recommended way to save on Ford Freestyle insurance in Lexington is to regularly compare prices from companies that sell auto insurance in Kentucky.
- Step 1: Spend some time learning about individual coverages and the things you can control to keep rates in check. Many risk factors that result in higher prices like speeding tickets, accidents and an unfavorable credit rating can be controlled by making lifestyle changes or driving safer.
- Step 2: Compare price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like Progressive or State Farm, while agents who are independent can give you price quotes from multiple insurance companies.
- Step 3: Compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you find a better price, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Step 4: Provide proper notification to your current company to cancel your current policy and submit the completed application along with a down payment to the new insurer. As soon as you can, place the new certificate verifying proof of insurance with your vehicle’s registration.
A key point to remember is to compare the same liability limits and deductibles on every price quote and and to get rate quotes from as many auto insurance providers as possible. This helps ensure an accurate price comparison and plenty of rates choose from.
Inconceivable but true, most auto insurance policyholders have bought auto insurance from the same company for over three years, and nearly the majority have never quoted rates to find cheap coverage. Most drivers in Kentucky could save 30% every year by just comparing rate quotes, but they just don’t understand how easy it is to find cheap auto insurance rates.
If you have a current insurance policy, you will surely be able to reduce the price you pay using these techniques. Locating the best rates in Lexington is easy if you know what you’re doing. Although Kentucky consumers need to learn how insurance companies calculate your policy premium and take advantage of how the system works.
When looking for affordable Lexington auto insurance quotes, there are a couple ways of comparing rates from different Lexington insurance companies. The easiest way by far to do a complete rate comparison is simply to get online rate quotes.
It’s so easy to compare quotes online that it replaces the need to physically go to each insurance agency near you. Buying insurance online can eliminate the need for a local agent unless you have a need for the professional advice of an agent trained in personal lines coverage. However, consumers can find lower rates online but still have the advice of a local agent. When quoting car insurance, remember that having more price comparisons provides better odds of finding a better price.
The providers in the list below are our best choices to provide price comparisons in Lexington, KY. To find the best cheap auto insurance in Lexington, it’s highly recommended you visit two to three different companies to get the best price comparison.
Why you need car insurance
Even though it’s not necessarily cheap to insure a Ford in Lexington, car insurance is mandatory in Kentucky but it also protects more than you think.
- Almost all states have minimum liability requirements which means you are required to buy a specific minimum amount of liability if you don’t want to risk a ticket. 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.
- If you bought your Ford with a loan, more than likely the lender will make it a condition of the loan that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank may insure your Ford at a much higher rate and force you to pay for the much more expensive policy.
- Insurance safeguards both your car and your assets. Insurance will also pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.
The benefits of carrying enough insurance greatly outweigh the cost, especially with large liability claims. The average driver in Kentucky is overpaying over $855 a year so you should quote your policy with other companies at every renewal to help ensure money is not being wasted.
Auto insurance specifics
Knowing the specifics of your auto insurance policy aids in choosing the best coverages at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the normal coverages offered by auto insurance companies.
Coverage for uninsured or underinsured drivers – This provides protection when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Because many people carry very low liability coverage limits (which is 25/50/10), it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Usually these limits are set the same as your liability limits.
Coverage for medical expenses – Med pay and PIP coverage pay for immediate expenses such as doctor visits, rehabilitation expenses, X-ray expenses and funeral costs. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay
Collision coverage – Collision coverage will pay to fix damage to your Freestyle from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage protects against claims such as rolling your car, crashing into a ditch, sustaining damage from a pot hole and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also raise the deductible on your Freestyle to get cheaper collision coverage.
Comprehensive auto insurance – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims like damage from flooding, a broken windshield, rock chips in glass and falling objects. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
Liability coverages – This can cover damage that occurs to people or other property in an accident. It protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/10 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $10,000 of coverage for damaged property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.
Liability can pay for claims like court costs, bail bonds and emergency aid. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible. Kentucky requires minimum liability limits of 25/50/10 but it’s recommended drivers buy more liability than the minimum.
The illustration below demonstrates why low liability limits may not be high enough to cover claims.
Cheaper auto insurance rates are possible
When you buy Lexington auto insurance online, never buy less coverage just to save a little money. There are a lot of situations where an insured dropped physical damage coverage only to find out that the small savings ended up costing them much more. The ultimate goal is to get the best coverage possible for the lowest cost, but don’t skip important coverages to save money.
Cheaper Ford Freestyle insurance in Lexington can be bought from both online companies as well as from insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some auto insurance companies may not provide the ability to get quotes online and many times these small, regional companies only sell through independent insurance agencies.
More tips and info about auto insurance is located in the articles below:
- Help Your Teen Be a Better Driver (State Farm)
- Who Has Cheap Car Insurance Rates for a School Permit in Lexington? (FAQ)
- Who Has the Cheapest Lexington Car Insurance Rates for 18 Year Olds? (FAQ)
- What Car Insurance is Cheapest for a Toyota 4Runner in Lexington? (FAQ)
- Who Has Cheap Auto Insurance for a Chevrolet Silverado in Lexington? (FAQ)
- What Does No-Fault Insurance Cover? (Allstate)
- Drunk Driving Statistics (Insurance Information Institute)
- Winter Driving (Insurance Information Institute)