Car Insurance Quotes for a Suzuki SX4 in Lexington

The recommended way to find lower priced Suzuki SX4 insurance is to annually compare prices from insurers that sell auto insurance in Lexington.

1. Get an understanding of how insurance companies determine prices and the things you can control to drop your rates. Many rating factors that increase rates like traffic violations, accidents, and a negative credit rating can be improved by making lifestyle changes or driving safer.
2. Compare price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from one company like GEICO and Allstate, while independent agencies can provide price quotes for many different companies.
3. Compare the quotes to the price on your current policy to determine if switching companies saves money. If you can save money and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.
4. Notify your company or agent of your intent to cancel your current coverage and submit any necessary down payment along with the completed application to your new insurance company. As soon as you can, put the new certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.

One thing to remember is to use the same deductibles and limits on every price quote and and to get price estimates from as many different companies as possible. Doing this ensures an apples-to-apples comparison and a better comparison of the market.

It’s safe to conclude that car insurance companies want to prevent you from shopping around. Consumers who shop around are likely to move their business because they have good chances of finding a lower-priced policy. Surprisingly, a recent survey revealed that consumers who shopped around saved on average $850 each year compared to policyholders who never shopped for cheaper rates.

If finding the best rates on car insurance is your ultimate target, then having a grasp of the best ways to find and compare insurance can save time, money, and frustration.

Locating the most cost-effective insurance policy in Lexington is actually not that difficult if you follow our advice. Virtually anyone who has to purchase insurance will probably be able to find better rates. But Kentucky drivers need to learn the methods companies use to calculate your insurance rates and use it to your advantage.

Cheap companies for Suzuki SX4 insurance in Kentucky

The following companies are our best choices to provide free quotes in Kentucky. If you want cheaper car insurance in Lexington, we suggest you compare several of them to find the most affordable car insurance rates.

Auto insurance statistics and figures

The coverage information displayed next highlights a range of insurance premium costs for Suzuki SX4 models. Learning a little about how auto insurance premiums are calculated can benefit drivers when making decisions when shopping around.

Data based on single 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, multi-vehicle, homeowner, and claim-free. Prices do not factor in specific garaging location which can revise rates substantially.

Rate comparison for different deductibles

One of the more difficult decisions when buying auto insurance is how high should the physical damage coverage deductibles be. The following insurance rates can help you understand the rate differences when you buy lower versus higher coverage deductibles. The first data table uses a $100 deductible for comp and collision and the second set of prices uses a $500 deductible.

Premium data assumes 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, safe-driver, and multi-policy. Prices do not factor in specific location information which can raise or lower premiums noticeably.

Based on the figures above, using a $100 deductible costs about $23 more each month or $276 for a full year averaged for all SX4 models than buying the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you usually have at least 17 months between claims, you would probably save some money by going with a higher deductible. Here is a better example of how you can do this calculation yourself.

An important thing to remember is that higher deductibles results in more money out-of-pocket when you have to file a claim. You need to have enough extra money in the event you have to pay more to get your vehicle repaired.

The chart below illustrates how your deductible choice and can increase or decrease Suzuki SX4 insurance costs for each age group. The rates are based on a single male driver, comprehensive and collision coverage, and no additional discounts are factored in.

Accidents and violations increase rates

The diagram below illustrates how speeding tickets and accidents can affect Suzuki SX4 insurance costs for different insured age categories. The price estimates are based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.

Suzuki SX4 liability-only versus full coverage

The example below shows the comparison of Suzuki SX4 auto insurance rates with and without full coverage. The data assumes no claims or driving citations, $250 deductibles, single status, and no policy discounts are applied.

When to drop comprehensive and collision

There is no exact formula of when to stop paying for full coverage, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Suzuki SX4 book value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $4,000 after you pay the deductible. If premium cost is more than $400 a year to have full coverage, then it’s probably a good time to buy liability coverage only.

There are a few situations where removing full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

Why Your Insurance Premiums might be higher

Consumers need to have an understanding of some of the factors that aid in calculating auto insurance rates. If you know what determines premiums, this enables you to make decisions that will entitle you to better auto insurance rates.

The itemized list below are most of the major factors that factor into premiums.

Keep rates low by being claim-free – If you’re an insured who likes to file claims you can pretty much guarantee either a policy non-renewal or much higher rates. Companies in Kentucky award the best rates to drivers that do not abuse their auto insurance. Your insurance policy is meant to be used in the event of the large, substantial claims.

Job stress can make you pay more – Careers such as military personnel, airline pilots, and accountants generally have the highest average rates attributed to job stress and lots of time spent at work. Other careers like farmers, students and the unemployed pay lower than average rates.

Premiums are affected by your credit history – An insured’s credit rating factor in your rate calculation. People that have good credit tend to file fewer claims as compared to drivers with poor credit. If your credit is low, you may save money insuring your Suzuki SX4 if you clean up your credit.

Being married equates to better premiums – Being married may earn you lower rates on your policy. Having a significant other demonstrates that you tend to be more mature than a single person and statistics prove drivers who are married are more cautious.

Vehicle features can affect prices – Choosing to buy a car with a theft deterrent system can earn a premium discount. Anti-theft features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop auto theft.

Do you qualify for discounts on Suzuki SX4 insurance in Lexington?

Auto insurance is expensive, but you might be missing out on some discounts that may help make it more affordable. Some trigger automatically when you complete an application, but a few must be requested specifically before you will receive the discount. If you aren’t receiving every discount you qualify for, it’s possible you qualify for a lower rate.

• Save with a New Car – Buying a new car instead of a used SX4 can be considerably cheaper since new model year vehicles are generally safer.
• Drive Less and Save – Driving less could qualify for substantially lower premium rates.
• Smart Student Discounts – Maintaining excellent grades can get you a discount of up to 25%. Most companies allow this discount well after school through age 25.
• Seat Belts Save – Drivers who require all occupants to buckle their seat belts could save 15% off the personal injury premium cost.
• ABS and Traction Control Discounts – Anti-lock brake equipped vehicles can stop better under adverse conditions and the ABS can save up to 10%.
• Professional Memberships – Having an affiliation with a civic or occupational organization in Lexington could earn you a nice discount on your bill.
• Payment Method – By paying your policy upfront rather than paying in monthly installments you can avoid the installment charge.
• Own a Home and Save – Owning a house in Lexington can get you a discount because owning a home demonstrates responsibility.
• Theft Prevention Discount – Cars with anti-theft systems prevent vehicle theft and earn discounts up to 10% off your Lexington car insurance quote.

One thing to note about discounts is that some credits don’t apply to your bottom line cost. A few only apply to specific coverage prices like physical damage coverage or medical payments. So even though it sounds like adding up those discounts means a free policy, insurance companies wouldn’t stay in business. But all discounts should definitely cut your policy premiums.

The diagram below shows the difference between Suzuki SX4 premium costs with and without discounts being applied to the rates. The price estimates are based on a male driver, no tickets, no at-fault accidents, Kentucky state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, marriage, multi-policy, claim-free, and multi-car discounts applied.

Some of the insurance companies that may have these discounts include:

• Progressive
• SAFECO
• American Family
• MetLife
• GEICO
• The Hartford

When getting free Lexington car insurance quotes, it’s a good idea to all companies you are considering which discounts you qualify for. Some discounts might not be offered on policies in your state.

Do I need a local insurance agent?

Many people still like to talk to an insurance agent and that can be a smart move One of the best bonuses of comparing insurance prices online is the fact that you can find better rates and still have a local agent.

For easy comparison, once you complete this short form, your coverage information is instantly submitted to insurance agents in Lexington who will give you bids for your auto insurance coverage. It makes it easy because there is no need to leave your computer because quoted prices will be sent immediately to you. It’s the lowest rates AND an agent nearby. If for some reason you want to compare rates from a particular provider, you can always visit that company’s website and submit a quote form there.

Finding the right insurer needs to be determined by more than just a cheap price quote. Ask your prospective agent these questions:

• Which members of your family are coverage by the policy?
• Do they offer rental car reimbursement?
• What companies can they write with?
• If you have an accident, will your rates go up?
• Does the agency provide any after hours assistance?
• How is replacement cost determined on your vehicle?
• Did they already check your driving record and credit reports?

If you would like to find a reputable agency, you need to know there are two different agency structures to choose from. Auto insurance agents in Lexington can be categorized as either independent or exclusive.

Exclusive Agents

These agents are contracted to one company like Allstate, State Farm and Farm Bureau. These agents are not able to provide other company’s prices so if the price isn’t competitive there isn’t much they can do. These agents are well trained on what they offer which helps offset the inability to provide other markets.

Below is a list of exclusive agencies in Lexington that are able to give price quotes.

More Lexington agents

Independent Agents (or Brokers)

Agents in the independent channel are not restricted to one company and that allows them to write policies amongst many companies and find you cheaper rates. If prices rise, they simply switch companies in-house and you won’t have to switch agencies.

If you are comparing rate quotes, we recommend you include rate quotes from at a minimum one independent agency for the best price selection.

Shown below are Lexington independent insurance agents that can give you rate quotes.

More Lexington agents

If you get good answers to any questions you have in addition to an acceptable price estimate, chances are good that you have found an auto insurance agent that can be trusted to properly insure your vehicles. But keep in mind it’s your coverage and you can cancel a policy any time you want so don’t feel you’re contractually obligated to your new company for a certain time period.

Quote. Compare. Save.

When trying to cut insurance costs, you should never buy less coverage just to save a little money. There have been many situations where someone dropped full coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. The goal is to find the BEST coverage for the lowest price, but don’t skip important coverages to save money.

We covered some good ideas how to get a better price on Suzuki SX4 insurance in Lexington. The most important thing to understand is the more you quote Lexington car insurance, the better your comparison will be. Consumers may even find the lowest rates come from a smaller regional carrier. These smaller insurers may have significantly lower auto insurance rates on certain market segments than their larger competitors like GEICO and State Farm.

More information is available at these links:

• Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
• Who Has Cheap Car Insurance Rates for a School Permit in Lexington? (FAQ)
• Who Has Cheap Auto Insurance Quotes for Government Employees in Lexington? (FAQ)
• Who Has the Cheapest Lexington Car Insurance Rates for Drivers Under 21? (FAQ)
• Who Has the Cheapest Auto Insurance for Safe Drivers in Lexington? (FAQ)
• How to Avoid Staged Accidents (State Farm)
• Choosing an Insurance Company (Insurance Information Institute)
• Comprehensive Coverage (Liberty Mutual)
• Top Signs Your Brakes are Giving Out (State Farm)