Do you want a faster way to compare the cheapest auto insurance rates in Lexington, KY? Lexington drivers have a choice when trying to find the lowest priced Nissan Leaf insurance. You can either waste hours calling around getting price quotes or use the internet to compare rates. There is a right way and a wrong way to buy auto insurance and you need to know the proper way to compare rates on a Nissan and find the cheapest rates.
Auto insurance discounts help lower rates for Nissan Leaf insurance in Lexington
Auto insurance companies don’t always list the complete list of policy discounts in a way that’s easy to find, so the following is a list of both the well known and the harder-to-find discounts you could be receiving when you buy Lexington auto insurance online.
- Driving Data Discount – People who choose to allow driving data submission to track their driving habits by using a telematics device like In-Drive from State Farm and Progressive’s Snapshot might see lower rates as long as the data is positive.
- Senior Citizens – Drivers over the age of 55 can get reduced rates.
- Discount for Good Grades – Excelling in school could provide a savings of up to 20% or more. The good student discount can last up to age 25.
- Accident Forgiveness Coverage – This isn’t a discount exactly, but a handful of insurance companies will let one accident slide without getting socked with a rate hike if you have no claims prior to the accident.
- Lexington Homeowners Discount – Just owning your own home can get you a discount because maintaining a house is proof that your finances are in order.
- Savings for New Vehicles – Adding a new car to your policy may earn a small discount compared to insuring an older model.
- Theft Prevention System – Cars optioned with advanced anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
- No Claim Discounts – Claim-free drivers are rewarded with significantly better rates on Lexington auto insurance quote when compared to bad drivers.
- ABS Brakes – Cars, trucks, and SUVs with anti-lock braking systems are safer to drive and earn discounts up to 10%.
- Early Signing – A few auto insurance companies offer discounts for buying a new policy prior to the expiration date on your current Leaf insurance policy. You can save around 10% with this discount.
Don’t be surprised that many deductions do not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. If you do the math and it seems like you would end up receiving a 100% discount, companies don’t profit that way. Any qualifying discounts should help lower the cost of your policy.
A few of the larger companies and some of the discounts are detailed below.
- Farmers Insurance offers premium reductions for business and professional, homeowner, distant student, mature driver, pay in full, and alternative fuel.
- Esurance offers discounts including DriveSense, good student, multi-car, Pac-12 alumni, safety device, and online quote.
- State Farm discounts include safe vehicle, good student, student away at school, accident-free, anti-theft, and Drive Safe & Save.
- GEICO includes discounts for driver training, good student, military active duty, five-year accident-free, and multi-policy.
- Allstate offers discounts for early signing, good student, eSmart discount, EZ pay plan discount, FullPay discount, and auto/life discount.
When quoting, ask every prospective company which discounts you may be entitled to. All car insurance discounts may not apply to policies in your area. If you would like to view insurance companies with the best discounts in Kentucky, click here.
Auto insurance specifics
Having a good grasp of your auto insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be ambiguous and nobody wants to actually read their policy. Below you’ll find the usual coverages found on most auto insurance policies.
Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Nissan Leaf.
Since many Kentucky drivers only purchase the least amount of liability that is required (25/50/10 in Kentucky), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.
Auto liability – This can cover damages or injuries you inflict on other’s property or people that is your fault. It protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/10 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $10,000 for damage to vehicles and property.
Liability coverage protects against things such as medical expenses, repair costs for stationary objects, repair bills for other people’s vehicles, structural damage and court costs. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford. Kentucky state minimum liability requirements are 25/50/10 but it’s recommended drivers buy higher limits.
The next chart demonstrates why buying low liability limits may not be adequate.
Comprehensive insurance – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims such as vandalism, damage from flooding, fire damage, a tree branch falling on your vehicle and hitting a bird. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
Collision coverage – This pays for damage to your Leaf resulting from a collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.
Collision can pay for claims such as crashing into a ditch, damaging your car on a curb, hitting a parking meter and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Another option is to raise the deductible on your Leaf to bring the cost down.
Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as prosthetic devices, EMT expenses, chiropractic care, dental work and funeral costs. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible
Lexington auto insurance companies
Choosing the highest-rated company can be a challenge considering how many choices there are in Lexington. The company rank data in the next section may help you pick which companies to look at when comparing rate quotes.
Top 10 Lexington Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Erie Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
- Allstate – A+
Top 10 Lexington Car Insurance Companies Overall
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
Frequent quotes can save
Some companies may not have the ability to get quotes online and these smaller companies only sell through independent insurance agents. Lower-priced Nissan Leaf insurance in Lexington is possible from both online companies and with local Lexington insurance agents, and you need to comparison shop both to get a complete price analysis.
You just learned many tips how you can get a better price on Nissan Leaf insurance in Lexington. It’s most important to understand that the more rate comparisons you have, the better likelihood of getting cheaper Lexington auto insurance quotes. Consumers may even find the most savings is with an unexpected company. Smaller companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate and Progressive.
When searching for the cheapest Nissan Leaf rate quotes, never buy lower coverage limits just to save a few bucks. There have been many cases where drivers have reduced physical damage coverage only to discover later that the few dollars in savings costed them thousands. Your goal should be to buy the best coverage you can find for the lowest price, but do not skimp to save money.
Steps to buying affordable Nissan Leaf insurance in Lexington
The easiest way to find cheaper quotes for Nissan Leaf insurance in Lexington is to make a habit of comparing prices annually from companies in Kentucky. Rates can be compared by following these guidelines.
- It will benefit you to learn about how insurance companies determine prices and the modifications you can make to keep rates down. Many risk factors that are responsible for high rates such as multiple speeding tickets and a substandard credit history can be improved by making small lifestyle or driving habit changes.
- Quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from a single company like Progressive or State Farm, while independent agencies can provide prices from multiple sources.
- Compare the new rate quotes to your existing rates to see if cheaper Leaf coverage is available in Lexington. If you find a better price, ensure there is no coverage lapse between policies.
A good tip to remember is to make sure you’re comparing the same liability limits and deductibles on each quote request and and to get quotes from as many carriers as you can. Doing this ensures a level playing field and the best price selection.
More learning opportunities
- Tread Depth and Tire Safety (State Farm)
- Who Has Cheap Car Insurance Rates for a School Permit in Lexington? (FAQ)
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- Who Has Affordable Lexington Car Insurance Quotes for a Mazda CX-7? (FAQ)
- How Much are Auto Insurance Rates for Drivers with Bad Credit in Lexington? (FAQ)
- Who Has Affordable Lexington Car Insurance Quotes for College Students? (FAQ)
- Auto Insurance Learning Center (State Farm)
- Parking Tips to Reduce Door Dings (State Farm)
- Event Data Recorders FAQ (iihs.org)