Smart shoppers know that auto insurance companies don’t want you to look at other companies. Drivers who shop around will probably switch insurance companies because of the good chance of finding a lower rate. A survey found that drivers who compared price quotes annually saved about $3,450 over four years compared to people who didn’t regularly shop around.
If finding the best price on car insurance in Lexington is your goal, then having some insight into how to quote and compare insurance can make it simple to find affordable coverage.
If saving money is your primary concern, then the best way to find discount Kia Sportage insurance in Lexington is to annually compare prices from insurers who provide auto insurance in Kentucky. Prices can be compared by following these guidelines.
- First, try to learn a little about how insurance companies determine prices and the changes you can make to prevent expensive coverage. Many policy risk factors that drive up the price such as getting speeding tickets and an imperfect credit history can be controlled by making minor changes to your lifestyle. This article gives instructions to get cheaper coverage and find additional discounts.
- Second, quote rates from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like Progressive or Farmers Insurance, while agents who are independent can provide prices for a wide range of insurance providers.
- Third, compare the new rates to your existing coverage to see if cheaper Sportage coverage is available. If you can save money, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Fourth, provide adequate notice to your current company of your intent to cancel your current policy. Submit the completed application along with a down payment for the new coverage. As soon as coverage is bound, put the new certificate of insurance with your registration paperwork.
The key aspect of shopping around is to use identical limits and deductibles on each quote request and and to get quotes from as many companies as you can. Doing this ensures an apples-to-apples comparison and a good representation of prices.
Choosing the best insurance company for you in Lexington is not that difficult. If you have a policy now or just want cheaper rates, you can learn to buy cheaper car insurance without reducing coverage. Drivers just have to know how to compare company rates online.
All the larger auto insurance companies like 21st Century, Allstate and State Farm provide coverage price quotes from their websites. Doing online quotes for Kia Sportage insurance in Lexington can be done by anyone as you just enter your required coverages as requested by the quote form. After you submit the form their system obtains reports for credit and driving violations and provides a quote based on these and other factors.
Using the web to get rate quotes for Kia Sportage insurance in Lexington makes it simple to compare prices and it’s very important to have as many quotes as possible if you want to find the best possible rates on auto insurance.
To save time and find out what other companies charge, visit the companies below or click here to submit a quote request to multiple companies at once. If you currently have coverage, we recommend you enter deductibles and limits just like they are on your policy. This makes sure you are getting a rate comparison using the exact same coverages.
The following companies offer comparison quotes in Lexington, KY. To locate the best cheap auto insurance in KY, we suggest you get prices from several of them to get the cheapest price.
Car insurance statistics and figures
The coverage table shown below showcases different insurance policy prices for Kia Sportage models. Having knowledge of how auto insurance prices are calculated can be valuable when making informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sportage LX 2WD 4-Dr | $238 | $408 | $334 | $20 | $100 | $1,100 | $92 |
| Sportage LX 2WD 4-Dr | $238 | $408 | $334 | $20 | $100 | $1,100 | $92 |
| Sportage EX 2WD 4-Dr | $272 | $498 | $334 | $20 | $100 | $1,224 | $102 |
| Sportage LX 4WD 4-Dr | $272 | $498 | $334 | $20 | $100 | $1,224 | $102 |
| Sportage LX | $272 | $498 | $334 | $20 | $100 | $1,224 | $102 |
| Sportage EX 4WD 4-Dr | $272 | $498 | $334 | $20 | $100 | $1,224 | $102 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Premium costs do not factor in the specific area where the vehicle is garaged which can impact coverage prices considerably.
Can higher deductibles save money?
When comparing car insurance rates, the most common question is which comprehensive and collision deductibles to buy. The figures shown below can help show how much more you’ll pay between low and high insurance deductibles. The first set of rates uses a $100 deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sportage LX 2WD 4-Dr | $244 | $418 | $326 | $20 | $98 | $1,131 | $94 |
| Sportage LX 2WD 4-Dr | $244 | $418 | $326 | $20 | $98 | $1,131 | $94 |
| Sportage EX 2WD 4-Dr | $280 | $508 | $326 | $20 | $98 | $1,257 | $105 |
| Sportage LX 4WD 4-Dr | $280 | $508 | $326 | $20 | $98 | $1,257 | $105 |
| Sportage LX | $280 | $508 | $326 | $20 | $98 | $1,257 | $105 |
| Sportage EX 4WD 4-Dr | $280 | $508 | $326 | $20 | $98 | $1,257 | $105 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sportage LX 2WD 4-Dr | $136 | $220 | $326 | $20 | $98 | $800 | $67 |
| Sportage LX 2WD 4-Dr | $136 | $220 | $326 | $20 | $98 | $800 | $67 |
| Sportage EX 2WD 4-Dr | $156 | $268 | $326 | $20 | $98 | $868 | $72 |
| Sportage LX 4WD 4-Dr | $156 | $268 | $326 | $20 | $98 | $868 | $72 |
| Sportage LX | $156 | $268 | $326 | $20 | $98 | $868 | $72 |
| Sportage EX 4WD 4-Dr | $156 | $268 | $326 | $20 | $98 | $868 | $72 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium costs do not factor in specific zip code location which can revise insurance rates significantly.
We can derive from the above data that using a $100 deductible will cost you approximately $31 more each month or $372 every year averaged for all Sportage models than choosing the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you have more than 29 months between claims, you would save more money if you decide on a higher deductible.
Calculate deductible break even point
| Average monthly premium for $100 deductibles: | $101 |
| Average monthly premium for $1,000 deductibles (subtract): | – $70 |
| Monthly savings from raising deductible: | $31 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $31 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 29 months |
An important sidenote is that raising deductibles results in more money out-of-pocket at claim time. That will require some non-essential savings in order to pay the deductible.
Cost of full coverage in Lexington
The diagram below shows the difference between Kia Sportage premium costs when comparing full coverage to state minimum liability only. The rates are based on no violations or claims, $100 deductibles, drivers are not married, and no additional discounts are factored in.
When to eliminate full coverage
There is no clear-cut rule to exclude physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s pretend your Kia Sportage replacement cost is $8,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $7,000 after the policy deductible has been paid. If it’s costing you more than $700 annually to have full coverage, then you might consider buying liability only.
There are some circumstances where removing full coverage is not advised. If you still owe money on your vehicle, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Car insurance is not optional
Despite the high cost, maintaining insurance serves an important purpose.
- Just about all states have compulsory liability insurance requirements which means you are required to carry a minimum amount of liability if you want to drive legally. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your Kia Sportage, more than likely the lender will have a requirement that you have comprehensive coverage to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the bank will be required to insure your Kia for a much higher rate and require you to reimburse them much more than you were paying before.
- Insurance safeguards not only your vehicle but also your assets. It also can pay for all forms of medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage also covers legal expenses if you are sued as the result of your driving. If mother nature or an accident damages your car, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of having insurance are without a doubt worth the cost, especially when you need to use it. Unknowingly, the average driver is overpaying more than $855 a year so you should quote rates each time the policy renews to help ensure money is not being wasted.
Learn about insurance coverages for a Kia Sportage
Learning about specific coverages of your insurance policy helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement.
Liability
This coverage provides protection from damage or injury you incur to other’s property or people. Liability coverage has three 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 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $10,000.
Liability can pay for claims such as loss of income, repair bills for other people’s vehicles, structural damage, court costs and funeral expenses. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible. Kentucky requires drivers to carry at least 25/50/10 but you should consider buying more coverage.
The next chart demonstrates why minimum state limits may not be high enough to adequately cover claims.
Coverage for medical expenses
Med pay and PIP coverage kick in for short-term medical expenses for nursing services, hospital visits, EMT expenses and prosthetic devices. The coverages can be used in conjunction with a health insurance program or if you lack health insurance entirely. It covers you and your occupants as well as if you are hit as a while walking down the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage
Auto collision coverage
This will pay to fix damage to your Sportage from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision coverage protects against things such as rolling your car, backing into a parked car, driving through your garage door and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. You can also choose a higher deductible on your Sportage to get cheaper collision coverage.
Coverage for uninsured or underinsured drivers
Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as damage to your Kia Sportage.
Due to the fact that many Kentucky drivers carry very low liability coverage limits (25/50/10), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.
Comprehensive insurance
Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims such as vandalism, hail damage, damage from flooding and hitting a bird. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
How to find a good Lexington auto insurance company
Selecting the right company can be rather challenging considering how many companies sell insurance in Kentucky. The company ratings listed below may help you pick which auto insurers you want to consider purchasing a policy from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Erie Insurance | 87 | 84 | 85 | 85% | A+ | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Don’t give up on affordable premiums
As you quote Lexington auto insurance, don’t be tempted to buy poor coverage just to save money. There are a lot of situations where an insured cut physical damage coverage only to regret that they should have had better coverage. The proper strategy is to find the BEST coverage at a price you can afford while not skimping on critical coverages.
In this article, we covered many tips how you can get a better price on Kia Sportage insurance in Lexington. The key concept to understand is the more providers you compare, the better your comparison will be. Drivers may even discover the biggest savings come from a small mutual company.
Insureds who switch companies do it for a number of reasons such as high rates after DUI convictions, high prices, policy cancellation and denial of a claim. No matter why you want to switch, finding the right insurance provider is not as difficult as it may seem.
Other learning opportunities
- Safety Belts FAQ (iihs.org)
- Who Has Cheap Car Insurance Rates for a School Permit in Lexington? (FAQ)
- What Car Insurance is Cheapest for Nurses in Lexington? (FAQ)
- Rental Car Insurance Tips (Insurance Information Institute)
- Child Safety FAQ (iihs.org)
- Protect Yourself Against Auto Theft (Insurance Information Institute)