The best way we recommend to find affordable quotes for car insurance rates is to regularly compare quotes from insurance carriers who provide car insurance in Lexington. You can compare prices by following these guidelines.
- Step 1: Read and learn about how insurance companies determine prices and the changes you can make to keep rates in check. Many things that increase rates such as traffic citations, accidents, and a poor credit rating can be improved by making small lifestyle or driving habit changes.
- Step 2: Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from one company like GEICO and Allstate, while agents who are independent can provide prices from many different companies.
- Step 3: Compare the price quotes to your current policy to determine if switching companies saves money. If you find better rates and decide to switch, make sure coverage is continuous and does not lapse.
An important bit of advice to remember is to make sure you’re comparing identical coverage information on each quote and and to get price quotes from as many car insurance companies as possible. Doing this helps ensure an accurate price comparison and a thorough selection of prices.
Statistics show that 70% of consumers have remained with the same insurance company for at least the last four years, and approximately 38% of consumers have never even compared rates from other companies. Kentucky consumers can save about $630 each year by just shopping around, but most undervalue the benefits if they bought a different policy.
Our objective in writing this article is to teach you a little about how insurance works and some money-saving tips. If you currently have a car insurance policy, you will definitely be able to get lower rates using the ideas you’re about to read. Although Kentucky vehicle owners do need to understand how the larger insurance companies price insurance differently because rates fluctuate considerably.
Chrysler Sebring coverage analysis
The premium information displayed next highlights a range of insurance premium costs for Chrysler Sebring models. Having a better understanding of how insurance policy rates are formulated can assist in making smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $230 | $460 | $336 | $20 | $100 | $1,146 | $96 |
| Sebring Limited 4-Dr Sedan | $230 | $460 | $336 | $20 | $100 | $1,146 | $96 |
| Sebring LX 2-Dr Convertible | $260 | $460 | $336 | $20 | $100 | $1,176 | $98 |
| Sebring Touring 2-Dr Convertible | $260 | $460 | $336 | $20 | $100 | $1,176 | $98 |
| Sebring Limited 2-Dr Convertible | $288 | $530 | $336 | $20 | $100 | $1,274 | $106 |
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in zip code location which can modify coverage prices significantly.
Higher deductibles save money
When comparing auto insurance rates, the most common question is where to set your physical damage deductibles. The following tables may help you to understand the price difference when you select higher and lower comp and collision deductibles. The first price estimate table uses a $100 deductible for physical damage and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $280 | $598 | $326 | $20 | $98 | $1,347 | $112 |
| Sebring Limited 4-Dr Sedan | $280 | $598 | $326 | $20 | $98 | $1,347 | $112 |
| Sebring LX 2-Dr Convertible | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Sebring Touring 2-Dr Convertible | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Sebring Limited 2-Dr Convertible | $354 | $688 | $326 | $20 | $98 | $1,511 | $126 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $156 | $316 | $326 | $20 | $98 | $916 | $76 |
| Sebring Limited 4-Dr Sedan | $156 | $316 | $326 | $20 | $98 | $916 | $76 |
| Sebring LX 2-Dr Convertible | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Sebring Touring 2-Dr Convertible | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Sebring Limited 2-Dr Convertible | $196 | $362 | $326 | $20 | $98 | $1,002 | $84 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Price estimates do not factor in specific zip code location which can modify coverage rates substantially.
Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you about $38 more each month or $456 for a full year than quoting the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 24 months between claims, you would more than likely save some money if you choose a higher deductible.
The example below demonstrates how choosing different deductibles and can affect Chrysler Sebring yearly insurance costs for each age group. The rate quotes are based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Cautious Lexington drivers save money
The diagram below highlights how traffic violations and at-fault accidents can affect Chrysler Sebring insurance costs for different categories of driver ages. The premium estimates are based on a married female driver, full coverage, $1,000 deductibles, and no policy discounts are applied.
Comparison of full coverage and liability-only policies
The example below visualizes the comparison of Chrysler Sebring yearly insurance costs with full coverage compared to only the Kentucky minimum liability coverage. The rates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single status, and no additional discounts are factored in.
When to stop paying for full coverage
There is no clear-cut rule for eliminating physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then it could be time to drop full coverage.
For example, let’s assume your Chrysler Sebring claim settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $8,000 after the policy deductible has been paid. If premiums are more than $800 annually for physical damage coverage, then it might be time to consider dropping full coverage.
There are some conditions where dropping full coverage is not advised. If you still owe money on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.
Why Informed Consumers Pay Less for Chrysler Sebring Insurance
Lots of factors are part of the equation when quoting car insurance. A few of the factors are predictable such as your driving record, but some are less apparent like your vehicle usage or your financial responsibility.
- Continuous car insurance coverage saves money – Driving without insurance is illegal and as a result your rates will increase for letting your insurance expire. Not only will you pay higher rates, not being able to provide proof of insurance could result in a fine, jail time, or a revoked license. You may then have to provide proof of insurance in the form of an SR-22 filing with the Kentucky DMV.
- Better rates with anti-theft devices – Purchasing a vehicle with a theft deterrent system can help lower your rates. Advanced theft deterrents such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping your car from being stolen.
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Cheaper to insure women? – Statistics show that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. They both cause auto accidents in similar percentages, but the men get into accidents with more damage. Not only are claims higher, but men get higher numbers of serious violations like reckless driving and DUI. Young men ages 16 to 20 are the most expensive to insure so they pay the highest premiums.
The chart below shows the comparison of Chrysler Sebring car insurance costs for male and female drivers. The premium estimates are based on a clean driving record, no at-fault accidents, comp and collision included, $250 deductibles, marital status is single, and no policy discounts are applied.
- Lower miles equals lower premium – The higher the miles on your Chrysler in a year the more you’ll pay to insure your vehicle. A lot of insurance companies charge to insure your cars based upon how much you drive. Cars that do not get driven very much get more affordable rates as compared to vehicles used primarily for driving to work. Ask your agent if your car insurance policy shows the correct usage for each vehicle, because improper ratings can cost you money. Having the wrong rating on your Sebring can result in significantly higher rates.
- Use credit responsibly and save – Your credit rating is a big factor in calculating your premium rate. Drivers with high credit ratings tend to be more responsible and file fewer claims than drivers who have lower credit ratings. If your credit score is lower than you’d like, you may save money insuring your Chrysler Sebring by improving your credit score.
- When should you file claims? – Auto insurance companies in Kentucky award better rates to insureds who file claims infrequently. If you are a frequent claim filer, you can look forward to either a policy non-renewal or much higher rates. Auto insurance is designed for larger claims.
Get the best coverage at the best price
When searching for inexpensive Lexington auto insurance quotes, do not reduce coverage to reduce premium. In too many instances, an insured dropped physical damage coverage only to regret that the small savings ended up costing them much more. Your aim should be to purchase plenty of coverage at the lowest possible cost, but do not sacrifice coverage to save money.
Lower-priced Chrysler Sebring insurance in Lexington is possible from both online companies as well as from independent agents in Lexington, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers may not offer the ability to get a quote online and many times these regional insurance providers only sell through local independent agencies.
More detailed insurance information is located by following these links:
- Insurance Losses by Make and Model (iihs.org)
- Who Has Cheap Auto Insurance Quotes for Government Employees in Lexington? (FAQ)
- Who Has Cheap Car Insurance Quotes for Handicapped Drivers in Lexington? (FAQ)
- Who Has Affordable Lexington Auto Insurance Rates for Real Estate Agents? (FAQ)
- Who Has Cheap Lexington Car Insurance for Seniors? (FAQ)
- Who Has Cheap Car Insurance Quotes for 17 Year Olds in Lexington? (FAQ)
- Who Has Affordable Auto Insurance for Drivers Over Age 70 in Lexington? (FAQ)
- Who Has Affordable Lexington Auto Insurance for Teenagers? (FAQ)
- Who Has the Cheapest Lexington Auto Insurance for Postal Workers? (FAQ)
- Who Has Cheap Auto Insurance for Low Credit Scores in Lexington? (FAQ)
- Shopping for a Safe Car (Insurance Information Institute)
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)