Auto Insurance Quotes for a Jeep Liberty in Lexington

Insurance for Jeep LibertyIt’s safe to assume that car insurance companies don’t want you comparing rates. People who shop around for better prices will, in all likelihood, switch car insurance companies because there are good odds of finding a cheaper policy. A study discovered that people who compared prices regularly saved $3,500 over four years compared to those who never compared prices.

If finding the lowest price on auto insurance is your ultimate goal, then learning a little about the best way to shop and compare insurance coverage can make it easier to shop your coverage around.

The preferred way to find more affordable Jeep Liberty insurance in Lexington is to compare quotes annually from different companies who can sell car insurance in Kentucky. You can compare prices by following these steps.

  1. Learn about what is in your policy and the steps you can take to keep rates low. Many policy risk factors that increase rates such as your driving record and an imperfect credit score can be controlled by making lifestyle changes or driving safer. Keep reading for ideas to help prevent high rates and get additional discounts that may have been overlooked.
  2. Compare prices from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO or Allstate, while independent agencies can provide rate quotes for a wide range of companies. Get quotes now
  3. Compare the new rates to your current policy to see if cheaper Liberty coverage is available in Lexington. If you can save money and decide to switch, verify that coverage does not lapse between policies.

One bit of advice is to use identical coverages on every quote request and and to get quotes from as many carriers as you can. This guarantees an apples-to-apples comparison and the best price selection.

Cheap auto insurance in Lexington, KY

The providers in the list below have been selected to offer free rate quotes in Lexington, KY. If you want cheap auto insurance in Lexington, it’s highly recommended you click on several of them to find the most affordable auto insurance rates.

Analysis of coverages

The rate table below showcases different insurance costs for Jeep Liberty models. Having insight into how insurance policy premiums are figured is important for drivers to make smart choices when selecting a coverage provider.

Jeep Liberty Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Liberty Sport 2WD $138 $234 $306 $18 $92 $788 $66
Liberty Limited 2WD $158 $234 $306 $18 $92 $808 $67
Liberty Renegade 4WD $158 $234 $306 $18 $92 $808 $67
Liberty Sport 4WD $158 $234 $306 $18 $92 $808 $67
Liberty Limited 4WD $158 $284 $306 $18 $92 $858 $72
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Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rate information does not factor in specific Lexington garaging location which can modify rates greatly.

Comparison of policy deductibles

The hardest decision when buying coverage is at what level do you set your deductibles. The comparisons below may help to conceptualize the rate differences when you buy lower versus higher physical damage coverage deductibles. The first rate estimation uses a $250 deductible and the second price chart uses a $1,000 deductible.

Jeep Liberty insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Liberty Sport 2WD $220 $350 $326 $20 $98 $1,039 $87
Liberty Limited 2WD $252 $350 $326 $20 $98 $1,071 $89
Liberty Renegade 4WD $252 $350 $326 $20 $98 $1,071 $89
Liberty Sport 4WD $252 $350 $326 $20 $98 $1,071 $89
Liberty Limited 4WD $252 $426 $326 $20 $98 $1,147 $96
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Jeep Liberty insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Liberty Sport 2WD $136 $220 $326 $20 $98 $800 $67
Liberty Limited 2WD $156 $220 $326 $20 $98 $820 $68
Liberty Renegade 4WD $156 $220 $326 $20 $98 $820 $68
Liberty Sport 4WD $156 $220 $326 $20 $98 $820 $68
Liberty Limited 4WD $156 $268 $326 $20 $98 $868 $72
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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 homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Estimates do not factor in the specific area where the vehicle is garaged which can increase or decrease prices considerably.

We can derive from the above data that using a $250 deductible could cost the average driver approximately $21 more each month or $252 for a full year than quoting the higher $1,000 deductible. Because you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at a minimum 36 months between claim filings, you would come out ahead if you opt for a higher deductible.

The illustration below illustrates how your deductible choice and can affect Jeep Liberty yearly insurance costs for different age groups. The rates are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

How much more does full coverage cost in Lexington?

The example below illustrates the difference between Jeep Liberty insurance rates with full coverage and liability only. The price estimates are based on no violations or accidents, $1,000 deductibles, single status, and no additional discounts are factored in.

Guidelines for dropping full coverage

There is no definitive guideline for excluding comp and collision coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s pretend your Jeep Liberty claim settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $2,000 after paying the physical damage deductible. If premium cost is more than $200 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some scenarios where removing full coverage is not a good plan. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Components of Your Jeep Liberty Insurance Premiums

A large part of saving on insurance is knowing some of the things that play a part in calculating the price you pay for insurance. If you know what influences your rates, this allows you to make educated decisions that may result in better insurance rates.

The list below includes some of the most rate-impacting factors used by your company to calculate premiums.

Premiums are affected by your credit score – Credit rating factor in calculating your premium rate. So if your credit history is lower than you’d like, you may save money insuring your Jeep Liberty if you clean up your credit. Insureds with excellent credit tend to be more responsible than drivers who have lower ratings.

Stress out and pay more – Occupations such as military personnel, airline pilots, and stock brokers generally pay higher premiums than the average policyholder in part from high stress levels and lengthy work days. Other jobs like actors, athletes and homemakers get better rates.

Never let your coverage expire – Allowing your insurance policy to lapse is a guaranteed way to bump up your insurance costs. Not only will you pay more, not being able to provide proof of insurance could result in a fine, jail time, or a revoked license. You may then be required to provide proof of insurance in the form of an SR-22 filing with the Kentucky motor vehicle department.

Save money by having multiple policies – Most larger companies afford discounts to customers who buy several policies from them, otherwise known as a multi-policy discount. If you currently are using one company, consumers should still comparison shop to ensure the best deal.

Costs for men may be higher – The statistics show females are less aggressive when driving. Now that doesn’t mean females are better at driving than males. Women and men get in at-fault accidents at about the same rate, but guys get into accidents with more damage. In addition to higher claims, males also get ticketed for serious violations like reckless driving and DUI.

The illustration below shows the comparison of Jeep Liberty auto insurance rates for male and female drivers. The data assumes a clean driving record, no at-fault accidents, full physical damage coverage, $1,000 deductibles, marital status is single, and no discounts are factored in.

Claims cost money – If you frequently file small claims, you can definitely plan on much higher rates or policy non-renewal. Car insurance companies in Kentucky give the lowest premiums to drivers who are claim-free. Your insurance policy is intended for claims that you cannot pay yourself.

Discounts mean cheaper rates for Jeep Liberty insurance in Lexington

Some providers don’t necessarily list every discount in an easy-to-find place, so we took the time to find both the well known as well as the least known credits that you can use to lower your rates.Insurance discounts

As a disclaimer on discounts, some of the credits will not apply to the entire policy premium. Most only apply to individual premiums such as comprehensive or collision. So even though you would think all the discounts add up to a free policy, you’re out of luck.

The information below shows the difference between Jeep Liberty auto insurance costs with and without discounts applied to the policy premium. The costs are based on a female driver, a clean driving record, no at-fault accidents, Kentucky state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, multi-policy, safe-driver, marriage, and homeowner discounts applied.

To choose insurers with the best discounts in Lexington, follow this link.

Exclusive versus independent auto insurance agents

Many people just want to visit with an insurance agent and that is just fine! Professional insurance agents can answer important questions and help submit paperwork. The biggest benefit of comparing insurance prices online is you can get cheap rate quotes and still have a local agent. Buying from neighborhood insurance agencies is especially important in Lexington.

Insurance agency in LexingtonUpon completion of this short form, your insurance data is instantly submitted to agents in your area that provide free Lexington auto insurance quotes for your car insurance coverage. There is no need to visit any agencies because prices are sent to you. If you wish to get a price quote for a specific company, you can always find their quoting web page and fill out the quote form the provide.

Types of auto insurance agents in Lexington

If you are wanting to find a reliable insurance agency, there are two different types of agencies and how they operate. Car insurance agencies can be classified as either exclusive or independent agents depending on their company appointments. Both can handle car insurance, but it is important to understand the difference in the companies they write for since it could factor into your selection of an agent.

Independent Agents (or Brokers)

Independent agents do not write with just one company so as a result can place your coverage with lots of companies and find the cheapest rate. If you are not satisfied with one company, the agent simply finds a different carrier which is easy for the insured. When comparison shopping, it’s a good idea to get rate quotes from several independent agencies to get the best comparison.

The following are independent insurance agents in Lexington that can possibly get you free car insurance rate quotes.

Nicole Wright Insurance Agency
169 E Reynolds Rd #102Lexington, KY 40517(859) 971-0221View Map

2300 Regency RoadLexington, KY 40503(859) 252-0381View Map

1202 Winchester Rd #100Lexington, KY 40505(859) 253-2728View Map

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Exclusive Insurance Agencies

Exclusive agents generally can only insure with one company and examples are American Family, State Farm, and AAA. They are unable to shop your coverage around so always compare other rates. Exclusive agents receive a lot of sales training on the products they sell and that can be a competitive advantage.

The following is a list of exclusive insurance agents in Lexington that can give you price quotes.

1010 Monarch St #250Lexington, KY 40513(859) 276-4422View Map

3101 Richmond Rd #311aLexington, KY 40509(859) 488-2531View Map

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

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Deciding on an insurance agency is decision based upon more than just a cheap quote. Agents should be asked these questions:

You are unique and your auto insurance should be too

When choosing coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Your situation is unique.Safe vehicles cost less to insure

These are some specific questions may help highlight whether your personal situation would benefit from an agent’s advice.

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and can help protect your family.

Persistence pays off

People change insurance companies for a variety of reasons including policy non-renewal, lack of trust in their agent, delays in paying claims or even unfair underwriting practices. It doesn’t matter why you want to switch choosing a new company can be easier than you think.

When searching for cheaper Lexington auto insurance quotes, it’s not a good idea to skimp on critical coverages to save a buck or two. In many cases, consumers will sacrifice physical damage coverage only to find out that it was a big error on their part. Your objective should be to purchase plenty of coverage at the best possible price and still be able to protect your assets.

We just covered many ideas to get a better price on Jeep Liberty insurance in Lexington. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding affordable Lexington auto insurance quotes. You may even be surprised to find that the lowest car insurance rates come from a small local company.

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