Did you make the mistake of buying overpriced Nissan 350Z insurance in Lexington? It’s quite common and there are many Lexington consumers feeling the pinch from expensive insurance.
It’s shocking but most insurance customers renewed their policy with the same company for a minimum of four years, and just short of a majority have never compared rates with other companies. Drivers in Kentucky can save as much as $600 each year just by shopping around, but they don’t believe the actual amount they would save if they switched to a cheaper policy. Due to the fact that there are so many insurance companies to choose from that have lower-cost insurance for a Nissan 350Z in Lexington, it can be difficult for drivers to locate the cheapest company.
Cheap Nissan insurance rate quotes in Lexington
The companies shown below have been selected to offer price comparisons in Lexington, KY. If multiple companies are listed, we recommend you get rate quotes from several of them in order to get a fair rate comparison.
Slash rates with these premium slashing discounts
Companies offering auto insurance don’t always publicize every available discount in a way that’s easy to find, so we took the time to find a few of the more common and also the lesser-known discounts you could be receiving when you buy Lexington car insurance online.
- Driver Education Discount – It’s a good idea to have your young drivers complete a driver education course if offered at their school.
- Defensive Driver Discounts – Taking a course in defensive driving could possibly earn you a 5% discount and also improve your driving technique.
- Bundle and Save – If you combine your auto and homeowners policies and insure them with the same company you could get a discount of nearly 15% which can help you find cheaper 350Z insurance.
- Discount for Swiching Early – A few companies give discounts for buying a new policy early. You could save around 10% when you buy Lexington car insurance online.
- Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices can help prevent theft and that can save you a little bit as well.
- Multi-car Discount – Having multiple cars with one company can get a discount on all vehicles.
As a footnote on discounts, most discounts do not apply to your bottom line cost. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like adding up those discounts means a free policy, company stockholders wouldn’t be very happy.
Companies that may offer policyholders some of the above discounts may include but are not limited to:
When comparing rates, check with each insurance company to apply every possible discount. Savings might not be offered in your state. To locate insurers with the best discounts in Lexington, follow this link.
Four Things That Impact Your Insurance Rates
Part of the insurance buying process is learning some of the factors that help determine your premiums. If you understand what determines premiums, this helps enable you to make changes that could result in big savings. Lots of factors are part of the equation when you get your auto insurance bill. Some of the criteria are obvious such as traffic violations, although some other factors are more transparent like where you live or how financially stable you are.
Increase comp and collision deductibles and save – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, protects your Nissan from damage. Examples of some claims that would be covered are running into the backend of another car, damage from fire, and burglary. Comp and collision deductibles define the amount you are required to spend out-of-pocket if a covered claim is submitted. The higher the amount you are required to pay out-of-pocket, the bigger discount you will receive.
Being married can save on insurance – Walking down the aisle actually saves money on your policy. It means you’re more mature and responsible it has been statistically shown that married drivers tend to have fewer serious accidents.
Teen drivers cost more – Inexperience drivers are known to be inattentive when driving with friends so insurance rates are higher. Parents adding a inexperienced driver to your insurance policy will cause a huge premium hike. More mature drivers are proven to be safer behind the wheel, cost insurance companies less in claims, and tend to be get fewer driving tickets.
Cars with good safety ratings cost less to insure – Vehicles with high crash test scores get lower rates. Vehicles engineered for safety reduce the chance of injuries and any reduction in injury severity translates into fewer and smaller insurance claims and lower rates for you. If your Nissan 350Z scored at minimum four stars on Safercar.gov you may qualify for a discount.
Auto insurance agents can give valuable advice
Some consumers would rather get advice from a local agent and often times that is recommended Experienced insurance agents are very good at helping people manage risk and help in the event of a claim. The biggest benefit of getting free rate quotes online is you can get cheap rate quotes but still work with a licensed agent. Buying insurance from local insurance agencies is still important in Lexington.
To help locate an agent, after submitting this short form, the quote information is immediately sent to companies in Lexington who will give competitive quotes to get your business. It’s much easier because you don’t need to search for an agent because prices are sent instantly to you. If you want to quote rates for a specific company, feel free to go to their quote page to submit a rate quote request.
If you want to buy insurance from an insurance agent, it helps to know the two types of agencies that differ in how they can insure your vehicles. Lexington agents may be either exclusive agents or independent agents. Either type can write insurance policies, but it’s important to point out how they differ since it can impact the selection process.
Independent Insurance Agencies or Brokers
Agents that elect to be independent do not write with just one company and that enables them to quote your coverage with multiple insurance companies and possibly get better coverage at lower prices. If they find a cheaper price, they simply move the coverage in-house and you don’t have to find a new agent.
When searching for an agent, you absolutely need to check rates from at least one independent agent in order to compare the most rates.
Featured below is a short list of independent agencies in Lexington that can give you price quote information.
Forcht Insurance Agency
2721 Old Rosebud Rd – Lexington, KY 40509 – (859) 335-0237 – View Map
Blue Grass Insurance
2560 Richmond Rd # 200 – Lexington, KY 40509 – (859) 543-0050 – View Map
Cambridge Insurance
2300 Regency Road – Lexington, KY 40503 – (859) 252-0381 – View Map
Exclusive Insurance Agencies
Agents that choose to be exclusive can only place business with one company and examples are Farmers Insurance, State Farm, or Allstate. These agents are unable to shop your coverage around so if the price isn’t competitive there isn’t much they can do. These agents are usually quite knowledgeable on the products they sell and that allows them to sell at a higher price point.
Below is a list of exclusive insurance agencies in Lexington willing to provide price quote information.
Shelter Insurance – Dawan Hart
2050 Regency Rd – Lexington, KY 40503 – (859) 276-2661 – View Map
Jeff Briggs – State Farm Insurance Agent
449 Lewis Hargett Cir #150 – Lexington, KY 40503 – (859) 273-8512 – View Map
Allstate Insurance: Bryon Elkins
3101 Richmond Rd #311a – Lexington, KY 40509 – (859) 488-2531 – View Map
Choosing a insurance agent should depend on more than just the quoted price. Here are some questions you might want to ask.
- Is there a Errors and Omissions policy in force?
- Where would your vehicle be repaired?
- Will your rates increase after a single accident?
- How does the company pay claims for a total loss?
- Do they have a Better Business Bureau rating in Lexington?
- Are there any hidden costs in their price quote and does it include driving and credit history?
- What are their preferred companies if they are an independent agency?
After receiving reasonable responses to all your questions as well as offering an affordable quote, you have narrowed it down to an insurance agency that is reliable enough to insure your vehicles. But keep in mind you have the power to cancel your policy whenever you want so never assume you are locked into any specific company for the full term.
Persistent drivers can save
While you’re price shopping online, never buy lower coverage limits just to save a few bucks. There have been many situations where consumers will sacrifice liability coverage limits only to find out that they should have had better coverage. The proper strategy is to get the best coverage possible at the best cost and still be able to protect your assets.
Budget-friendly auto insurance in Lexington can be bought online and with local Lexington insurance agents, so you need to shop Lexington car insurance with both to have the best selection. Some companies do not provide price quotes online and these small insurance companies only sell coverage through independent agencies.
Steps to finding low-cost Nissan 350Z insurance in Lexington
The best way to find cheaper prices for Nissan 350Z insurance is to make a habit of regularly comparing prices from different companies who can sell car insurance in Lexington. You can compare rates by following these guidelines.
First, try to understand how companies price auto insurance and the changes you can make to drop your rates. Many things that result in higher rates such as getting speeding tickets and bad credit can be rectified by being financially responsible and driving safely.
Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from one company like GEICO or Farmers Insurance, while independent agencies can quote rates from multiple insurance companies. Click to view companies
Third, compare the quotes to your current policy premium to determine if switching companies saves money. If you find a lower rate, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, give proper notification to your current agent or company of your intent to cancel your current auto insurance policy and submit the completed application along with a down payment to your new insurance company. As soon as coverage is bound, store the proof of insurance paperwork in an accessible location in your vehicle.
An important part of this process is that you’ll want to compare the same physical damage deductibles and liability limits on every quote request and and to compare as many different companies as possible. Doing this ensures an accurate price comparison and the most accurate and complete price analysis.
Additional detailed information can be read in the articles below:
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- Who Has the Cheapest Lexington Car Insurance Rates for Drivers Over Age 50? (FAQ)
- How Much is Lexington Auto Insurance for Police Officers? (FAQ)
- Who Has Cheap Auto Insurance Quotes for State Employees in Lexington? (FAQ)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Frontal Crash Tests (iihs.org)
- Understanding Car Crashes Video (iihs.org)