How Much are Lexington Auto Insurance Quotes with Multiple Speeding Tickets?

The words “economical” and “insurance” probably shouldn’t be used together, especially when you are trying to find the best car insurance rates with multiple speeding tickets. Because it’s not cheap, let’s take a look at a few of the factors that have a considerable impact on auto insurance premiums, and find out if you can reduce the price of the next policy you buy.

The vehicle model needing coverage is probably the most important factor that determines if you can find the best auto insurance with multiple speeding tickets. Vehicles with limited top-end speed, a great safety record, or a low likelihood of liability claims will cost substantially less to insure than fast, unsafe models. The next list outlines insurance costs for the most cost-effective vehicles to insure.

Cheapest Vehicles to Insure in Lexington, KY
Vehicle Estimated Cost for Full Coverage
Honda CR-V EX-L 4WD $1,253
Ford Escape Limited 4WD $1,335
Ford Focus S 4-Dr Sedan $1,427
Chevrolet Malibu Hybrid $1,454
Toyota Prius $1,456
Toyota Tacoma 4WD $1,464
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $1,485
Dodge Grand Caravan CV $1,504
Ford Edge SEL AWD $1,550
Nissan Altima 2.5 4-Dr Sedan $1,552
Chevrolet Silverado LT Extended Cab 2WD $1,554
Volkswagen Jetta SE 2.5 Station Wagon $1,567
Toyota RAV4 Sport 2WD $1,584
Chevrolet Equinox LS 2WD $1,593
Hyundai Elantra Blue 4-Dr Sedan $1,609
Honda Civic EX-L 4-Dr Sedan $1,615
Ford Explorer Eddie Bauer 4WD $1,617
Honda Accord EX-L 2-Dr Coupe $1,661
Chevrolet Impala LTZ $1,663
Toyota Corolla XRS $1,669
Jeep Grand Cherokee Limited 4WD $1,679
Honda Odyssey Touring $1,669
GMC Sierra Denali Crew Cab 4WD $1,672
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Prices above based on single male driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, and claim-free. Premium costs do not factor in the specific area where the vehicle is garaged which can increase or decrease price quotes noticeably.

Based upon these rates, we can presume that cars like the Honda CR-V, Ford Escape, Ford Focus, and Chevrolet Malibu are most likely to be some of the most budget-friendly vehicles to insure after a few driving violations.

After a few driving violations, one of the more important criteria that are used to help calculate the cost of insurance is where your residence is. More populated areas likely pay more, whereas areas with less people or fewer weather incidents profit from lower rates.

The table below rates the most costly cities in Kentucky with multiple speeding tickets to purchase a policy in. Lexington is ranked #15 costing $1,499 for the average insurance policy, which is about $125 each month.

How much does car insurance cost in Lexington, KY?
Rank City Premium Per Year
1 Louisville $2,090
2 Frankfort $1,778
3 Ashland $1,724
4 Jeffersontown $1,668
5 Saint Matthews $1,660
6 Paducah $1,647
7 Radcliff $1,638
8 Madisonville $1,616
9 Elizabethtown $1,611
10 Danville $1,581
11 Murray $1,565
12 Henderson $1,557
13 Hopkinsville $1,523
14 Winchester $1,517
15 Lexington $1,499
16 Georgetown $1,491
17 Richmond $1,490
18 Covington $1,487
19 Bowling Green $1,476
20 Nicholasville $1,474
21 Erlanger $1,463
22 Florence $1,427
23 Independence $1,422
24 Fort Thomas $1,397
25 Owensboro $1,390
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Rate information is estimated as the specific zip code location can lower or raise insurance rates significantly.

Types of discounts on Lexington auto insurance

Save on auto insurance after a few driving violations in LexingtonInsurance companies that sell policies with multiple speeding tickets may also offer rate discounts that may potentially lower prices by as much as 25% or more if you are eligible to receive them. Popular auto insurance companies and some of the premium reductions they offer are included below.

The illustration below illustrates the difference between car insurance rates with and without discounts applied. The premiums assume a female driver, no accidents and three citations, Kentucky state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with passive restraint, multiple policy, multiple vehicle, paperless filing, marriage, and paid-in-full discounts applied. When these discounts are applied to the policy premium, theamount saved on auto insurance with multiple speeding tickets is 28% or $620.

Price comparison of only insuring for liability

Reducing premiums for auto insurance is important to most people, and one easy way to reduce the cost of insurance with multiple speeding tickets is to not pay for full coverage. The chart below illustrates the comparison of auto insurance costs with full physical damage coverage compared to only buying liability only. The price estimates are based on no accidents or driving violations, $500 deductibles, drivers are single, and no other discounts are factored in.

Averaged for all ages 20 through 70, full coverage on your policy costs an extra $1,541 per year more than just buying liability only. That raises the question when is the right time to remove full coverage. There is no set guideline to drop physical damage insurance, but there is a broad guideline. If the annual cost of having full coverage is 10% or more of any settlement you would receive from your insurance company, then you might consider buying liability only.

There are some situations where only buying liability is not in your best interest. If you still owe a portion of the original loan, you have to keep full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.

How to find economical insurance with multiple speeding tickets

Here are some of the better thrifty solutions that can help you get lower-cost car insurance.

The last tip in the list is notably important, as we stressed in the prior article. Car insurance rates adjust frequently, so don’t be hesitant to switch carriers if you find a cheaper price. Brand loyalty is not necessarily bad, but it’s not recommended if that inflexibility results in costing you thousands of dollars over the life of your policy. In just a few minutes you could shop around and find cheaper car insurance with multiple speeding tickets in Lexington.

The professional agents shown below are a good start to help you decide which coverages and limits you need, as many people would rather have a professional recommendation when comparing insurance rates with multiple speeding tickets. It can be time-consuming to find the cheapest car insurance policy, and a licensed agent can provide you satisfaction knowing your coverage gives you adequate asset protection.

To find an auto insurance agency using an interactive map, click the button at the bottom or click here to compare price quotes now.

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