Inconceivable but true, the vast majority of car insurance customers renewed their policy with the same company for four years or more, and nearly 40% of drivers have never compared rate quotes at all. Kentucky drivers could cut their rates by $630 a year, but they just assume it’s a time-consuming process to shop around.
Truthfully, the best way to find cheaper prices for Ford Freestar insurance is to regularly compare quotes from different companies who can sell car insurance in Lexington. Prices can be compared by following these steps.
First, try to learn a little about how insurance companies determine prices and the measures you can control to prevent expensive coverage. Many rating factors that result in higher rates such as getting speeding tickets and your credit history can be eliminated by being financially responsible and driving safely.
Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO or State Farm, while independent agents can provide price quotes from multiple companies.
Third, compare the new quotes to your current policy and see if there is a cheaper rate. If you find a better price and change companies, make sure there is no lapse in coverage.
Fourth, notify your current company to cancel your current car insurance policy and submit any necessary down payment along with the completed application to the new company. Once coverage is bound, place the new certificate verifying coverage with the vehicle registration.
An important bit of advice to remember is to compare identical coverages on every price quote and and to get price estimates from as many auto insurance providers as possible. Doing this provides an accurate price comparison and the most accurate and complete price analysis.
If you have a current insurance policy, you will be able to reduce premiums using these methods. Quoting and comparing cheaper protection in Lexington is not as confusing as people think. But Kentucky drivers need to have an understanding of how the larger insurance companies sell insurance online.
Learn How to Find Insurance Cheaper
Lots of things are used in the calculation when premium rates are determined. Some factors are common sense like your driving record, but other factors are less apparent like your vehicle usage or your vehicle rating. Consumers need to have an understanding of some of the things that are used to determine the price you pay for insurance. When you understand what controls the rates you pay, this allows you to make good choices that could help you find much lower annual insurance costs.
Listed below are a few of the things used by insurance companies to determine rates.
Occupation can influence premiums – Do you work in a high-stress field? Occupational choices like military personnel, airline pilots, and miners tend to pay the highest rates attributed to high stress and lots of time spent away from family. Conversely, jobs such as professors, historians and homemakers pay lower than average rates.
How much liability – The liability coverage on your policy will provide protection in the event that you are found to be at fault for personal injury or accident damage. This coverage provides for a legal defense starting from day one. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
Rural vs Urban Areas – Living in a small town is a good thing when buying insurance. Urban drivers tend to have more aggressive driving styles and longer commutes to work. Lower population means fewer accidents.
Cheaper insurance rates using alarms and GPS tracking – Selecting a car model with a theft deterrent system can get you a discount on your insurance. Anti-theft devices like vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent vehicle theft.
Costs are impacted by vehicle performance – The performance of the car you drive makes a significant difference in the rate you pay. Small economy passenger models usually are quite affordable to insure, but the final cost of insurance is determined by many other factors.
Being married can lower prices – Being married can get you a discount when buying insurance. Having a spouse usually means you are more mature and responsible and it’s proven that married couples file fewer claims.
Long commutes cost more – The higher the mileage driven in a year’s time the higher your rates will be. The majority of insurers calculate rates based upon how the vehicle is primarily used. Cars not used for work or commuting receive lower rates than vehicles that are driven to work every day. An incorrectly rated Freestar can result in significantly higher rates. It’s always a good idea to double check that your insurance policy is showing the proper vehicle usage, because improper ratings can cost you money.
Does insurance coverage cost less for women? – Statistics show women are more cautious behind the wheel. This data doesn’t prove that men are WORSE drivers than women. Females and males cause accidents at about the same rate, but the male of the species tend to have higher claims. Men also get more serious tickets such as reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident so they pay the highest premiums.
Reduce your auto insurance rates with discounts
Some insurers don’t always advertise every discount in an easy-to-find place, so the list below details a few of the more common as well as the least known credits available to bring down your rates.
- Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn lower prices if you buy auto and life insurance together.
- Paperless Signup – Some of the larger companies give back up to $50 shop Lexington car insurance on the web.
- Professional Organizations – Being in qualifying clubs or civic groups could qualify you for a break when shopping for auto insurance.
- Active Military Service – Having a deployed family member may lower your rates slightly.
- Cautious Driver Discount – Drivers who avoid accidents could pay up to 40% less compared to rates paid by drivers with frequent claims.
You should keep in mind that some of the credits will not apply to all coverage premiums. Some only apply to specific coverage prices like liability and collision coverage. Despite the appearance that having all the discounts means you get insurance for free, that’s just not realistic.
A few companies that may include some of the discounts shown above include:
If you need lower rates, check with every insurance company which discounts they offer. Depending on the company, some discounts may not apply to policyholders in your area. To find insurance companies who offer free Ford Freestar insurance quotes in Lexington, follow this link.
What is the best car insurance company in Lexington?
Insuring your vehicle with the best insurance company is hard considering how many companies there are in Kentucky. The ranking data in the lists below can help you pick which car insurance companies you want to consider putting your business with.
Top 10 Lexington Car Insurance Companies Ranked by Value
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- Erie Insurance
- The General
- Esurance
- 21st Century
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%
What is YOUR best insurance company?
We’ve covered many ideas to find cheaper Ford Freestar insurance in Lexington. The key concept to understand is the more times you quote, the better chance you’ll have of finding the cheapest Ford Freestar rate quotes. Consumers may even find the best prices are with a company that doesn’t do a lot of advertising.
Insureds who switch companies do it for a variety of reasons including high prices, unfair underwriting practices, being labeled a high risk driver and extreme rates for teen drivers. Regardless of your reason for switching companies, finding the right car insurance provider can be less work than you think.
When buying insurance coverage, it’s not a good idea to reduce coverage to reduce premium. There have been many cases where someone sacrificed comprehensive coverage or liability limits and learned later that saving that couple of dollars actually costed them tens of thousands. Your objective should be to get the best coverage possible for the lowest price and still be able to protect your assets.
More tips and info about car insurance can be read in these articles:
- Safety Belts FAQ (iihs.org)
- Who Has Cheap Auto Insurance Quotes for Government Employees in Lexington? (FAQ)
- How Much is Car Insurance for Teachers in Lexington? (FAQ)
- Who Has the Cheapest Lexington Auto Insurance for Drivers with a Bad Driving Record? (FAQ)
- Who Has the Cheapest Lexington Auto Insurance for a Dodge Grand Caravan? (FAQ)
- How Much are Car Insurance Quotes for a Jeep Grand Cherokee in Lexington? (FAQ)
- Medical Payments Coverage (Liberty Mutual)
- Parking Tips to Reduce Door Dings (State Farm)
- Understanding Car Crashes Video (iihs.org)