The preferred way to get the cheapest auto insurance rates is to compare quotes once a year from insurance carriers in Lexington.
- Step 1: Try to learn a little about how companies price auto insurance and the factors you can control to keep rates low. Many policy risk factors that are responsible for high rates like at-fault accidents and a negative credit rating can be controlled by improving your driving habits or financial responsibility. Continue reading for tips to help reduce prices and find more discounts that you may not know about.
- Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only provide price estimates from one company like GEICO or State Farm, while independent agents can give you price quotes for a wide range of companies.
- Step 3: Compare the price quotes to your current policy to see if you can save by switching companies. If you find a lower rate quote and decide to switch, make sure coverage does not lapse between policies.
- Step 4: Notify your agent or company to cancel your existing policy. Submit payment and a completed application to your new insurance company. As soon as you can, safely store the certificate of insurance in your vehicle’s glove compartment or console.
The key thing to remember is to use identical coverages on each quote request and and to get rates from every insurance company. This provides a fair rate comparison and a thorough price selection.
Unbelievably, most consumers have stayed with the same insurance company for over three years, and 38% of drivers have never even compared rates from other companies. Kentucky drivers can cut their rates by nearly 30% a year just by comparing rates, but they assume it’s a waste of time to find affordable insurance rates.
If you have a policy now, you will surely be able to shop for the lowest rates using this strategy. These tips will help you learn how to compare rates easily and some tips to save money. Nevertheless, Kentucky car owners must comprehend the way insurance companies charge you for coverage and apply this information to your search.
These discounts can lower your insurance quotes
Insurance can cost an arm and a leg, but discounts can save money and there are some available to help bring down the price. A few discounts will be applied at quote time, but lesser-known reductions have to be inquired about before you get the savings.
- One Accident Forgiven – Not really a discount, but some companies like State Farm and Allstate will turn a blind eye to one accident before your rates go up if your claims history is clear for a certain period of time.
- ABS and Traction Control Discounts – Vehicles that have steering control and anti-lock brakes can stop better under adverse conditions and earn discounts up to 10%.
- Multiple Policy Discount – If you can combine your auto and homeowners policy with the same company you could save 10% to 20% off each policy.
- Student in College – Any of your kids who are attending college without a vehicle on campus can be insured at a reduced rate.
- Payment Method – If you can afford to pay the entire bill instead of paying each month you can avoid monthly service charges.
- Senior Citizens – Mature drivers could receive lower premium rates.
- Military Discounts – Being on active duty in the military could mean lower insurance rates.
- Early Switch Discount – Some insurance companies give discounts for switching policies before your current coverage expires. This discount can save up to 10%.
- Anti-theft Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems are stolen less frequently and will qualify for a discount on a Lexington auto insurance quote.
A little note about advertised discounts, most discount credits are not given to the entire cost. Most cut specific coverage prices like physical damage coverage or medical payments. If you do the math and it seems like adding up those discounts means a free policy, it’s just not the way it works.
The information below shows the difference between Nissan Pathfinder insurance costs with and without discounts applied to the policy premium. Data assumes a female driver, no tickets, no at-fault accidents, Kentucky state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, safe-driver, multi-car, and marriage discounts applied.
Some companies who may offer some of the above discounts may include but are not limited to:
Check with every insurance company to apply every possible discount. Some discounts listed above might not be available to policyholders in your area.
To find the best car insurance rates, there are several ways to compare prices from many different Kentucky insurance companies. The best method to do a complete rate comparison is to get quotes online.
Keep in mind that comparing a wide range of rates helps increase your odds of locating a lower rate.
The following companies are ready to provide price quotes in Kentucky. To find cheap auto insurance in Lexington, we suggest you get prices from several of them to find the lowest car insurance rates.
Analysis of coverages
The information displayed next outlines detailed analysis of insurance prices for Nissan Pathfinder models. Having a good grasp of how insurance prices are figured is important for making decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Pathfinder S 2WD | $198 | $346 | $440 | $26 | $132 | $1,142 | $95 |
| Pathfinder S 4WD | $228 | $346 | $440 | $26 | $132 | $1,172 | $98 |
| Pathfinder SE 2WD | $228 | $346 | $440 | $26 | $132 | $1,172 | $98 |
| Pathfinder SE 4WD | $228 | $346 | $440 | $26 | $132 | $1,172 | $98 |
| Pathfinder LE 2WD | $256 | $422 | $440 | $26 | $132 | $1,276 | $106 |
| Pathfinder LE 4WD | $256 | $422 | $440 | $26 | $132 | $1,276 | $106 |
| Get Your Own Custom Quote Go | |||||||
Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium costs do not factor in vehicle location which can affect insurance rates considerably.
Where to set your deductibles
One frequently asked question is how high should your deductibles be. The tables below lay out the differences in premium rates when you choose different policy deductibles. The first rate comparisons uses a $100 comprehensive and collision deductible and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Pathfinder S 2WD | $244 | $418 | $326 | $20 | $98 | $1,131 | $94 |
| Pathfinder S 4WD | $280 | $418 | $326 | $20 | $98 | $1,167 | $97 |
| Pathfinder SE 2WD | $280 | $418 | $326 | $20 | $98 | $1,167 | $97 |
| Pathfinder SE 4WD | $280 | $418 | $326 | $20 | $98 | $1,167 | $97 |
| Pathfinder LE 2WD | $318 | $508 | $326 | $20 | $98 | $1,295 | $108 |
| Pathfinder LE 4WD | $318 | $508 | $326 | $20 | $98 | $1,295 | $108 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Pathfinder S 2WD | $136 | $220 | $326 | $20 | $98 | $800 | $67 |
| Pathfinder S 4WD | $156 | $220 | $326 | $20 | $98 | $820 | $68 |
| Pathfinder SE 2WD | $156 | $220 | $326 | $20 | $98 | $820 | $68 |
| Pathfinder SE 4WD | $156 | $220 | $326 | $20 | $98 | $820 | $68 |
| Pathfinder LE 2WD | $176 | $268 | $326 | $20 | $98 | $888 | $74 |
| Pathfinder LE 4WD | $176 | $268 | $326 | $20 | $98 | $888 | $74 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Rate information does not factor in specific zip code location which can affect prices noticeably.
Based on the above data, using a $100 deductible costs approximately $30 more each month or $360 each year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 30 months between claims, you would come out ahead if you choose a higher deductible.
Full coverage versus liability only rates
The chart below illustrates the difference between Nissan Pathfinder auto insurance rates with and without physical damage coverage. The rate quotes are based on no violations or claims, $500 deductibles, drivers are single, and no policy discounts are applied.
When to stop paying for full coverage
There is no written rule that is best for determining when to drop full coverage, but there is a general guideline. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Nissan Pathfinder replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If you are paying more than $700 annually for full coverage, then you may need to consider dropping full coverage.
There are a few cases where dropping full coverage is not a good plan. If you haven’t satisfied your loan, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not opt for liability only.
Exclusive versus independent insurance agencies
Many people still prefer to have an agent’s advice and we recommend doing that The best thing about getting online price quotes is you may find lower premium rates and still buy from a local agent.
To make it easy to find an agent, after completing this form (opens in new window), your insurance data is submitted to insurance agents in Lexington who will return price quotes for your insurance coverage. There is no reason to visit any agencies since rate quotes are delivered to the email address you provide. You’ll get the best rates and an insurance agent to talk to. If you have a need to get a price quote from a particular provider, feel free to search and find their rate quote page to submit a rate quote request.
Selecting a insurer requires you to look at more than just the price. These are some valid questions you should ask.
- What is the agency’s Better Business Bureau rating?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Which companies can they place coverage with?
- Is the agent CPCU or CIC certified?
- How long has their agency been in business in Lexington?
Is an exclusive or independent car insurance agent right for you?
If you want to buy insurance from a reliable agent, it can be helpful to understand the different types of agencies and how they are slightly different. Agents are classified as either independent or exclusive.
Exclusive Insurance Agents
Exclusive insurance agents are contracted to one company and examples are Allstate, AAA, Farmers Insurance, and State Farm. They are unable to provide prices from multiple companies so they are skilled at selling on more than just price. Exclusive agents are trained well on sales techniques which helps offset the inability to provide other markets. Many people buy from the same agent for years mostly because of the brand rather than having the cheapest rates.
Below is a list of exclusive insurance agencies in Lexington who may provide you with price quotes.
- Dwight McCarty – State Farm Insurance Agent
3620 Walden Dr #211 – Lexington, KY 40517 – (859) 971-0266 – View Map - Allstate Insurance: Tom Barrick
2891 Richmond Rd Ste 115 – Lexington, KY 40509 – (859) 268-3222 – View Map - Jeff Briggs – State Farm Insurance Agent
449 Lewis Hargett Cir #150 – Lexington, KY 40503 – (859) 273-8512 – View Map
Independent Agencies or Brokers
Independent agencies are appointed with more than one company so as a result can place your coverage with many different companies and get you the best rates possible. If your agent finds better pricing, your policy is moved internally which is easy for the insured.
If you are comparing insurance prices, we highly recommend that you get several quotes from multiple independent agents to get the best comparison. Most have the option of insuring with smaller regional carriers that can offer cheaper rates than bigger companies.
Listed below are Lexington independent insurance agents that are able to give comparison quotes.
- Nicole Wright Insurance Agency
169 E Reynolds Rd #102 – Lexington, KY 40517 – (859) 971-0221 – View Map - Triad Insurance Agency, Inc.
1216 S Broadway – Lexington, KY 40504 – (859) 255-0806 – View Map - Boggs Insurance Agency, Inc.
1353 W Main St # 2 – Lexington, KY 40508 – (859) 977-2055 – View Map
Ratings for Kentucky auto insurance companies
Ending up with the right auto insurance provider can be a challenge considering how many companies are available to choose from in Kentucky. The company rank data displayed below could help you decide which coverage providers you want to consider comparing price quotes from.
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 Service
- USAA
- Travelers
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
- Esurance
Cheap car insurance prices are available
Cost effective Nissan Pathfinder insurance can be purchased both online and also from your neighborhood Lexington agents, so you need to shop Lexington auto insurance with both to have the best rate selection. There are still a few companies who don’t offer internet price quotes and usually these regional carriers prefer to sell through local independent agents.
We just presented many ideas to reduce Nissan Pathfinder insurance prices online in Lexington. The key thing to remember is the more you quote Lexington auto insurance, the better chance you’ll have of finding affordable Lexington auto insurance quotes. You may even find the lowest prices come from a smaller regional carrier.
Consumers switch companies for many reasons like delays in responding to claim requests, high rates after DUI convictions, policy cancellation and even policy non-renewal. Whatever your reason, switching car insurance companies is not as difficult as it may seem.
Additional car insurance information can be found at these links:
- Red Light Cameras (State Farm)
- How Much are Auto Insurance Rates for Immigrants in Lexington? (FAQ)
- How Much are Lexington Auto Insurance Quotes with Multiple Speeding Tickets? (FAQ)
- Choosing a Car for Your Teen (State Farm)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- Young Drivers: The High Risk Years Video (iihs.org)
- Auto Insurance FAQ (Farmers Insurance)