It’s well known that auto insurance companies don’t want you to look for cheaper rates. Insureds who shop around annually are highly likely to buy a different policy because there are good odds of finding discount prices. Remarkably, a study showed that drivers who compared rate quotes regularly saved as much as $3,400 over four years as compared to drivers who never shopped around.
If finding low prices for Saturn VUE insurance is your objective, then having some insight into how to quote and compare car insurance can make it easier to find better rates.
The recommended way to get budget auto insurance rates in Lexington is to do an annual price comparison from different companies who sell insurance in Kentucky. Rates can be compared by following these steps.
- First, get an understanding of how insurance works and the modifications you can make to drop your rates. Many policy risk factors that cause rate increases such as at-fault accidents, speeding tickets, and a bad credit score can be amended by being financially responsible and driving safely. This article gives additional tips to get cheaper rates and find available discounts that you may qualify for.
- Second, compare prices from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from one company like Progressive and State Farm, while independent agencies can quote prices for a wide range of companies.
- Third, compare the new quotes to your current policy premium and see if you can save money. If you can save money and change companies, make sure coverage does not lapse between policies.
A tip to remember is to make sure you’re comparing identical deductibles and limits on each quote and and to analyze as many companies as feasibly possible. This ensures a fair price comparison and a thorough selection of prices.
Buying the cheapest insurance in Lexington can be made easier if you know where to look. If you have coverage now, you will definitely be able to find better prices using this strategy. Consumers just need to understand the quickest method to compare insurance rates on the web.
Getting a more affordable price on Saturn VUE insurance is not a difficult process. All that’s required is to take the time to get quotes from some recommended companies.
Comparing quotes online is fast and free, and it makes it a waste of time to drive to all the different Lexington insurance agencies. The ability to quote Saturn VUE insurance online eliminates this option unless you’re the type of person who wants the peace of mind of a licensed agent. Although you can obtain prices from the web but still have the advice of a local agent.
The companies shown below offer price quotes in Lexington, KY. If you want to find the best cheap auto insurance in Lexington, we suggest you visit two to three different companies to find the most competitive car insurance rates.
Saturn VUE detailed coverage information
The price information shown below showcases detailed analysis of coverage costs for Saturn VUE models. Having a good understanding how insurance prices are established can help customers make decisions when shopping your coverage around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Vue XE 2WD||$280||$418||$326||$20||$98||$1,142||$95|
|Vue XR 2WD||$280||$508||$326||$20||$98||$1,232||$103|
|Vue XR-L 2WD||$318||$508||$326||$20||$98||$1,270||$106|
|Vue XR AWD||$318||$508||$326||$20||$98||$1,270||$106|
|Vue XR-L AWD||$318||$598||$326||$20||$98||$1,360||$113|
|Get Your Own Custom Quote Go|
Price data assumes married male 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. Table data does not factor in garaging location in Lexington which can lower or raise prices greatly.
The diagram below demonstrates how deductible levels and can influence Saturn VUE insurance prices for each different age group. The price estimates are based on a married female driver, full coverage, and no discounts are factored in.
How much more does full coverage cost in Lexington?
The illustration below shows the difference between Saturn VUE annual premium costs with and without physical damage coverage. Data assumes no claims or driving citations, $250 deductibles, drivers are not married, and no additional discounts are factored in.
Should you pay for full coverage or liability only?
There is no definitive guideline of when to phase out comp and collision coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let’s assume your Saturn VUE replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,000 after the deductible is paid. If you are paying more than $400 annually for your policy with full coverage, then it may be the right time to buy liability only.
There are some scenarios where dropping physical damage coverage is not financially feasible. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage.
Car insurance does more than just repair your car
Despite the high cost of buying insurance for a Saturn VUE in Lexington, car insurance serves several important purposes.
- The majority of states have mandatory insurance requirements which means the state requires a specific minimum amount of liability protection 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 your Saturn has a loan, most banks will have a requirement that you carry insurance to guarantee payment of the loan. If coverage lapses or is canceled, the bank will be required to insure your Saturn for a much higher rate and force you to reimburse them much more than you were paying before.
- Insurance protects both your assets and your Saturn VUE. It will also reimburse you for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of having insurance more than cancel out the cost, particularly for liability claims. As of last year, the average driver in Kentucky overpays more than $810 a year so it’s important to compare rates at every policy renewal to ensure rates are competitive.
You may qualify for discounts for Saturn VUE insurance in Lexington
Auto insurance companies don’t always list every discount very well, so here is a list both well-publicized and also the lesser-known discounts that may be available. If you do not double check each discount you deserve, you are not getting the best rate possible.
- Own a Home and Save – Just being a homeowner may earn you a small savings because it is proof that your finances are in order.
- Discount for Good Grades – This discount can get you a discount of up to 25%. The good student discount can last up until you turn 25.
- College Student Discount – College-age children who are attending college and don’t have a car could get you a discount.
- Accident Free – Drivers with accident-free driving histories can save substantially in comparison with policyholders that have many claims.
- Early Renewal Discounts – A few insurance companies allow discounts for signing up prior to your current VUE insurance policy expiring. You may see this discount when you get Lexington auto insurance quotes online.
While discounts sound great, it’s important to understand that most discounts do not apply to the entire policy premium. Some only apply to specific coverage prices like liability, collision or medical payments. Just because it seems like you can get free auto insurance, companies wouldn’t make money that way.
The example below illustrates the comparison of Saturn VUE car insurance rates with and without discounts applied to the policy rates. The information is based on a male driver, no tickets, no at-fault accidents, Kentucky state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, safe-driver, multi-car, and marriage discounts applied.
To see a list of auto insurance companies with the best Saturn VUE insurance discounts in Lexington in Kentucky, click here.
Comparing rates from local Lexington insurance agents
Certain consumers just want to go talk to an agent and that is just fine! Most agents are very good at helping people manage risk and help in the event of a claim. One of the benefits of comparing rates online is the fact that drivers can get cheap insurance rates but still work with a licensed agent.
To make it easy to find an agent, after completing this form (opens in new window), your information gets sent to local insurance agents in Lexington who will gladly provide quotes to get your business. You won’t need to find an agent because quoted prices will be sent to you instantly. If you need to get a price quote from a particular provider, feel free to visit that company’s website and fill out their quote form.
Selecting an provider shouldn’t rely on just a cheap price quote. Below are some questions you should ask.
- Do they have a Better Business Bureau rating in Lexington?
- Which family members are covered?
- Where would your vehicle be repaired?
- What is the financial rating for the quoted company?
- Is auto insurance their primary focus in Lexington?
Two different types of car insurance agents
If you are wanting to purchase insurance from a reputable insurance agent or broker, it’s helpful to know the different types of agents that you can choose from. Agents in Lexington can either be exclusive or independent agents depending on their company appointments. Both can write insurance policies, but it’s good to learn the difference between them because it can influence the kind of agent you use.
Exclusive Insurance Agencies
Agents that elect to be exclusive write business for a single company such as Farmers Insurance, Allstate, or State Farm. Exclusive agencies are unable to place coverage with different providers so always compare other rates. Exclusive insurance agents are trained well on sales techniques which helps offset the inability to provide other markets.
Below is a list of exclusive insurance agencies in Lexington that can give you price quotes.
Independent Agents (or Brokers)
These agents are normally appointed by many insurers and that enables them to quote your coverage through lots of different companies and help determine which has the cheapest rates. If you are not satisfied with one company, they can switch companies in-house without you having to go to a different agency. When comparing rate quotes, you will want to get insurance quotes from multiple independent agents to have the most options to choose from.
Listed below are Lexington independent insurance agencies willing to provide price quotes.
Nicole Wright Insurance Agency
169 E Reynolds Rd #102 – Lexington, KY 40517 – (859) 971-0221 – View Map
Nationwide Insurance: McGuire Insurance Agency, Inc
185 Pasadena Dr Ste 235 – Lexington, KY 40503 – (859) 268-2542 – View Map
Auto insurance coverage information
Understanding the coverages of your auto insurance policy can help you determine appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverage types available from auto insurance companies.
Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage gives you protection when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family and damage to your Saturn VUE.
Since many Kentucky drivers only carry the minimum required liability limits (25/50/10 in Kentucky), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.
Liability coverages – This can cover damage that occurs to people or other property in an accident. This coverage protects you against claims from other people. It does not cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/10 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and $10,000 of coverage for damaged property.
Liability coverage protects against things such as repair bills for other people’s vehicles, structural damage, pain and suffering, medical expenses and emergency aid. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford. Kentucky state minimum liability requirements are 25/50/10 but you should think about purchasing more liability than the minimum.
The chart below shows why the minimum limit may not be high enough to cover claims.
Collision coverage – Collision insurance will pay to fix damage to your VUE resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims like sideswiping another vehicle, sustaining damage from a pot hole, driving through your garage door, scraping a guard rail and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible on your VUE to save money on collision insurance.
Comprehensive auto insurance – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers things like hail damage, damage from getting keyed and damage from flooding. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Coverage for medical expenses – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for doctor visits, prosthetic devices, nursing services and EMT expenses. They can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
Quote more to save more
Cheaper insurance in Lexington is attainable from both online companies as well as from insurance agents, so you should compare both to have the best selection. A few companies do not offer internet price quotes and these small insurance companies prefer to sell through independent agencies.
As you restructure your insurance plan, do not skimp on coverage in order to save money. Too many times, an insured cut liability coverage limits only to find out they didn’t purchase enough coverage. Your objective should be to find the BEST coverage at the best possible price and still be able to protect your assets.
We’ve covered many ways to get a better price on Saturn VUE insurance in Lexington. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding inexpensive Lexington auto insurance quotes. You may even be surprised to find that the most savings is with an unexpected company. Regional companies may cover specific market segments cheaper than their larger competitors like Progressive and GEICO.
More information can be read at the links below
- Help Your Teen Be a Better Driver (State Farm)
- Who Has Affordable Lexington Auto Insurance Quotes for Uninsured Drivers? (FAQ)
- How Much is Auto Insurance for 16 Year Olds in Lexington? (FAQ)
- Shopping for a Safe Car (Insurance Information Institute)
- Teen Driver Statistics (Insurance Information Institute)
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)