How Much is Lexington Auto Insurance for Young Drivers?

You have probably watched the captivating ads from insurers like Nationwide, Farmers, and GEICO that claim the cheapest price, so drivers just need to choose the one with the best commercial, right?

Regrettably, it’s not quite that easy, as there are many unknown factors like how high your deductibles should be, if you have a tendency to get pulled over, and your date of birth, that all help calculate your car insurance rates. This article covers the best ways to find cheap auto insurance and hopefully give you enough understanding to have a good beginning to your quest for cheaper car insurance in Lexington.

One of the more important things that help determine auto insurance rates is your address in Lexington. Larger areas tend to have more expensive auto insurance rates, whereas areas with lower crime rates and fewer weather claims can boast about having cheaper rates.

The information below shows the most expensive places in Kentucky for young drivers in which to purchase auto insurance. Lexington ranks #17 with an annual cost of $1,514 on average, which is about $126 per month.

How much does car insurance cost in Lexington, KY?
Rank City Annual Rate
1 Louisville $2,090
2 Frankfort $1,725
3 Saint Matthews $1,711
4 Ashland $1,707
5 Jeffersontown $1,668
6 Paducah $1,647
7 Murray $1,597
8 Elizabethtown $1,595
9 Radcliff $1,590
10 Winchester $1,563
11 Henderson $1,557
12 Madisonville $1,552
13 Georgetown $1,551
14 Danville $1,534
15 Covington $1,532
16 Hopkinsville $1,523
17 Lexington $1,514
18 Erlanger $1,478
19 Richmond $1,475
20 Nicholasville $1,459
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Premium costs are comparative as specific Lexington zip code can affect rates substantially.

The type of vehicle that is being insured is one of the largest factors when comparison shopping for affordable insurance for young drivers. Vehicles with average performance, advanced safety features, or a positive history of liability claims will cost substantially less to insure than higher performance models.

The table below illustrates insurance prices for a handful of the cheapest automobiles to insure.

Cheapest Vehicles to Insure in Lexington, KY
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V EX-L 2WD $4,136
Ford Escape Limited 4WD $4,387
Volkswagen Jetta S 2.5 Station Wagon $4,397
Toyota Prius $4,426
Ford F-150 STX Regular Cab 2WD $4,569
Toyota Tacoma 4WD $4,608
Jeep Wrangler Rubicon 4WD 2-Dr $4,618
Dodge Grand Caravan CV $4,608
Ford Edge Limited 2WD $4,821
Toyota RAV4 2WD $4,860
Ford Fusion S 4-Dr Sedan $4,869
Jeep Grand Cherokee Laredo 4WD $4,860
Ford Explorer Limited AWD $4,899
Ford Focus SES 4-Dr Sedan $5,070
Hyundai Elantra Blue 4-Dr Sedan $5,079
Nissan Altima 2.5 S 4-Dr Sedan $5,109
Chevrolet Impala LTZ $5,118
Toyota Camry SE $5,109
Honda Odyssey EX-L $5,118
Toyota Corolla XLE $5,109
Chevrolet Malibu LTZ $5,148
Honda Civic Hybrid 4-Dr Sedan $5,157
GMC Sierra SLE Crew Cab 2WD $5,148
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Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in specific location which can revise prices noticeably.

Based upon these rates, you can see that cars like the Honda CR-V, Ford Escape, and Volkswagen Jetta will definitely be a few of the less-costly vehicles to insure for youthful drivers. The cost of a car insurance policy will tend to be higher just because there is more exposure for young drivers, but overall those vehicles will have the cheapest auto insurance rates that you are likely to find.

Deciphering which company offers the most affordable insurance rates for young drivers calls for a little more sweat than just comparing rates from one or two companies.

Every insurance company has a unique formula for filing rates in each state, so let’s take a look at the insurance companies that tend to be cheaper in Lexington. It’s important that you understand Lexington insurance rates are impacted by many things that control the cost of having a policy. Turning one year older, buying a different home, or getting a driving violation can trigger price changes resulting in some rates now being more affordable than competitors.

Best Auto Insurance Prices for Teens

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Cincinnati Insurance quotes some of the most affordable car insurance rates in Lexington at around $1,115 a year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual are also some of the lowest-priced Lexington, KY auto insurance companies.

In this example, if you buy coverage from Kentucky Farm Bureau and switched to Cincinnati Insurance, you could see a yearly price reduction of approximately $48. Kentucky drivers with USAA could save as much as $72 a year, and Auto-Owners insureds might cut rates by $256 a year.

Bear in mind that those estimates are averaged for all insureds and vehicles and and are not figured with an exact zip code location for young drivers. So the insurer that has the cheapest price for you may not even be in the list above. That helps illustrate why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.

Get discount Lexington car insurance

Save on insurance for youthful drivers in LexingtonInsurance providers that offer coverage for young drivers may also offer discounts that can reduce rates by 35% or more if you are eligible to receive them. A few popular companies and a summarized list of policyholder discounts are outlined below.

The illustration below illustrates the comparison of insurance costs with and without discounts being applied to the rates. The data is based on a male driver, no claims, a clean driving record, Kentucky state minimum liability limits, comp and collision included, and $250 deductibles.

The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with passive restraint, continuous coverage, vehicle safety, paperless filing, paid-in-full, and good student discounts applied. When these discounts are applied, theamount saved on insurance for young drivers is 28% or $844.

Careless Lexington drivers pay higher rates

The easiest way to obtain the cheapest insurance rates in Kentucky for youthful drivers is to be an attentive driver and avoid accidents and traffic violations. The illustration below illustrates how traffic citations and at-fault collisions raise yearly insurance costs for different insured age categories. The data is based on a married male driver, full coverage, $1,000 deductibles, and no discounts are applied.

In the prior example, the average cost of auto insurance in Lexington per year with no accidents or violations is $1,551. Factor in two speeding tickets and the average cost jumps to $2,133, an increase of $582 each year. Now get one accident along with the two speeding tickets and the annual cost of insurance for young drivers goes up to an average of $2,731. That’s an increase of $1,180, or $98 per month, just for not driving responsibly!

Lexington insurance companies

Buying coverage from a high-quality company can be a challenge considering how many choices drivers have in Lexington. The ranking data in the next section can help you pick which auto insurers you want to consider shopping your coverage with. The ratings below only include companies that insure vehicles across America, so companies that have a smaller presence are not included in the list.

Top 15 Insurance Companies for Young Drivers in Kentucky
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
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Data Source: Best Car Insurance Companies