Wouldn’t it be great if we could instantly tell you the one auto insurance company that has the cheapest insurance for police officers? It’s just not that simple, as there are a whole bunch of unknown elements like when you were born, the vehicle you drive, and the neighborhood you live in, that all impact the cost of your policy. We will attempt to cover the different ways you can keep rates low and hopefully give you enough understanding to have a good start to your coverage search.
One of the many things that are looked at to determine the price you pay for insurance is where you choose to live. More populated areas tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The table below rates the most costly cities in Kentucky for police officers in which to purchase auto insurance. Lexington makes the list at #19 with an annual premium of $1,499 for car insurance, which is about $125 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Louisville | $2,154 |
| 2 | Frankfort | $1,742 |
| 3 | Jeffersontown | $1,736 |
| 4 | Saint Matthews | $1,660 |
| 5 | Ashland | $1,656 |
| 6 | Radcliff | $1,654 |
| 7 | Paducah | $1,631 |
| 8 | Murray | $1,613 |
| 9 | Danville | $1,581 |
| 10 | Madisonville | $1,568 |
| 11 | Georgetown | $1,551 |
| 12 | Elizabethtown | $1,547 |
| 13 | Henderson | $1,541 |
| 14 | Richmond | $1,535 |
| 15 | Covington | $1,532 |
| 16 | Hopkinsville | $1,523 |
| 17 | Nicholasville | $1,519 |
| 18 | Winchester | $1,517 |
| 19 | Lexington | $1,499 |
| 20 | Bowling Green | $1,476 |
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Price information shown is comparative as specific location information can lower or raise prices greatly.
The vehicle you are seeking coverage for is one of the main factors when comparing quotes for the best cheap auto insurance for police officers. Vehicles with high performance, poor passenger safety features, or a track record of large liability claims will cost substantially more to insure than more economical and safe models. The table below estimates insurance prices for some of the most budget-friendly vehicles to insure in Kentucky.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 2WD | $906 |
| Ford Edge SE 2WD | $972 |
| Hyundai Elantra GLS Touring Station Wagon | $999 |
| Honda CR-V EX-L 2WD | $1,025 |
| Jeep Grand Cherokee Laredo 2WD | $1,050 |
| Ford F-150 FX4 4WD | $1,069 |
| Dodge Grand Caravan SXT | $1,075 |
| Toyota Prius | $1,080 |
| Honda Odyssey EX-L W/Navigation | $1,106 |
| Chevrolet Malibu LTZ | $1,125 |
| GMC Sierra 2500HD SLE Regular Cab 4WD | $1,132 |
| GMC Sierra SLT Extended Cab 2WD | $1,125 |
| Ford Explorer XLT AWD | $1,127 |
| Jeep Wrangler Unlimited Sahara 4WD 4-Dr | $1,137 |
| Volkswagen Jetta 2.0T Station Wagon | $1,144 |
| Honda Civic DX 4-Dr Sedan | $1,156 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,173 |
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in Lexington, KY location which can alter rates significantly.
Looking at the data, models like the Ford Escape, Ford Edge, Hyundai Elantra, and Honda CR-V should be the less-costly vehicles to insure for law enforcement personnel.
Deciphering which insurers offer the lowest-priced insurance rates for police officers will involve a tad more effort in order to find a policy that fits your budget. Every car insurance company uses their own method for determining prices, so let’s take a look at the most affordable insurance companies in Lexington.
It’s important that readers know that Lexington insurance rates are calculated based on many things that will increase or decrease the cost of your policy. Simply turning a year older, increasing deductibles, or getting a few speeding tickets can trigger price changes that can make some companies cheaper in comparison to the competition.
Find the Cheapest Auto Insurance for Law Enforcement
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,115 |
| 2 | Kentucky Farm Bureau | $1,174 |
| 3 | USAA | $1,175 |
| 4 | Auto-Owners | $1,357 |
| 5 | Motorists Mutual | $1,553 |
| 6 | Grange Mutual | $1,577 |
| 7 | Travelers | $1,663 |
| 8 | State Farm | $1,793 |
| 9 | Westfield | $1,814 |
| 10 | Safe Auto | $1,991 |
| 11 | Nationwide | $2,085 |
| 12 | Electric | $2,097 |
| 13 | Progressive | $2,140 |
| 14 | State Auto | $2,254 |
| 15 | Encompass | $2,312 |
| 16 | GEICO | $2,341 |
| 17 | Safeco | $2,763 |
| 18 | MetLife | $3,084 |
| 19 | Shelter | $3,167 |
| 20 | Liberty Mutual | $3,634 |
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Cincinnati Insurance generally has some of the lowest car insurance rates in Lexington at around $1,115 annually. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual are also some of the cheaper Lexington, KY car insurance companies.
In the above rates, if you are a customer of USAA and switched to Cincinnati Insurance, you might achieve savings of approximately $60. Kentucky drivers with Auto-Owners could save as much as $242 a year, and Motorists Mutual customers might reduce prices by as much as $438 a year.
Bear in mind that those premium estimates are averaged for all insureds and vehicles and and are not calculated with an exact location for police officers. So the car insurance company that has the lowest price for you may not even be in the top 21 companies shown above. That emphasizes why you need to quote rates from many companies using your own specific driver and vehicle information.
The diagram below illustrates how choosing a deductible can impact insurance costs when quoting cheap insurance for police officers. The costs are based on a married male driver, comp and collision included, and no other discounts are factored in.
A 40-year-old driver could reduce rates by $316 a year by increasing from a $100 deductible up to a $500 deductible, or save $478 by switching to a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could potentially save up to $1,060 every year by choosing larger deductibles on their policy. When raising deductibles, it will be required to have enough savings set aside to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Responsible drivers pay cheaper Lexington insurance rates
A great way to obtain the most affordable insurance prices in Lexington for law enforcement personnel is to be a careful driver and have a clean driving record. The chart below highlights how traffic violations and at-fault fender-benders influence insurance prices for different ages of insureds. The price estimates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
In the chart above, the average cost of car insurance in Lexington per year with no violations or accidents is $1,446. Add in two speeding tickets and the average cost jumps to $2,058, an increase of $612 each year. Now throw in one accident along with the two speeding tickets and the 12-month cost of insurance for police officers increases to an average of $2,671. That’s an increase of $1,225, or $102 per month, just for not driving carefully!
Get discount Lexington car insurance
Insurers that sell policies for police officers may have policy discounts that may potentially lower prices by as much as 30% if you meet specific eligibility requirements. A list of insurance companies and a partial list of their discounts are outlined below.
- The Hartford offers discounts including defensive driver, good student, air bag, anti-theft, and bundle.
- American Family may offer discounts for Steer into Savings, multi-vehicle, early bird, accident-free, and good student.
- Progressive has discounts for multi-vehicle, multi-policy, continuous coverage, online signing, and online quote discount.
- Travelers may have discounts that include IntelliDrive, save driver, multi-policy, continuous insurance, hybrid/electric vehicle, student away at school, and payment discounts.
- Farmers Insurance offers discounts for mature driver, alternative fuel, good student, distant student, and bundle discounts.
- USAA discounts include multi-policy, military installation, new vehicle, driver training, annual mileage, and family discount.
- Liberty Mutual includes discounts for safety features, multi-car, teen driver discount, new vehicle discount, new move discount, and new graduate.
The chart below visualizes the comparison of yearly insurance costs with and without discounts applied to the rates. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, Kentucky state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with claim-free, anti-theft, multiple vehicle, multiple policy, accident-free, and vehicle safety discounts applied. When discounts are factored in, theamount saved on insurance for police officers is 28% or $575.
Your cheap policy may actually be overpriced
Lexington, KY insurance rates are determined by lots of factors that control the price you have to pay for coverage. Simply turning a year older, buying a different vehicle, or getting a couple of tickets can cause premium changes that can cause some rates to be much cheaper than others. And not only may your rating factors change, but insurance companies file new Kentucky car insurance rates every year or even multiple times each year in order to maintain liquidity for claims. Larger than normal claims may result in high rates, while lower claim levels may cause more affordable Lexington car insurance rates.
To illustrate this point, the bar chart below demonstrates which company has the cheapest car insurance in Lexington, KY for a 40-year-old male driver with no accidents, a clean driving record, and a high credit rating. If we estimate prices based on his current rating profile, Cincinnati Insurance may offer the cheapest car insurance rates in Lexington at $1,183 a year. This is $960 less than the average rate paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual are also included in the most affordable Lexington, KY auto insurance companies.
In this next rate comparison, we will give the driver from above an accident surcharge, a little lower credit rating, and a speeding citation. Since every insurance provider has a unique approach for determining rates, comparing rates may now result in a new list of companies as shown below.
Travelers now has the best insurance rate in Lexington with Kentucky Farm Bureau, USAA, State Farm, and Westfield now being in the top five. This example shows why it is crucial to compare many different companies to find the most affordable car insurance rates for police officers. Car insurance prices are influenced by many risk factors and change substantially, so the lowest-price company three years ago may now be an over-priced policy.