Save Money on Chrysler Town and Country Insurance in Lexington

Insurance rates Chrysler Town and Country in LexingtonIf your goal is the lowest price, then the best way to find cheaper Chrysler Town and Country insurance in Lexington is to start doing an annual price comparison from insurance carriers who sell auto insurance in Kentucky.

Step 1: Spend some time learning about the coverage provided by your policy and the steps you can take to prevent expensive coverage. Many factors that cause rate increases such as multiple speeding tickets and a substandard credit score can be amended by making minor changes to your lifestyle. Continue reading for ideas to help reduce prices and find available discounts that you may qualify for.

Step 2: Request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO or Farmers Insurance, while agents who are independent can provide prices for a wide range of insurance providers.

Step 3: Compare the new quotes to your existing rates to see if you can save by switching companies. If you find a lower rate and change companies, ensure there is no coverage lapse between policies.

Step 4: Provide proper notification to your current company of your decision to cancel your current coverage and submit the required down payment along with the signed application for your new policy. Once coverage is bound, keep your new proof of insurance certificate in an accessible location in your vehicle.

A good tip to remember is that you use the same deductibles and limits on each price quote and and to get quotes from as many different companies as possible. This enables a fair rate comparison and maximum price selection.

A recent study revealed that most auto insurance policyholders in Kentucky kept their coverage with the same auto insurance company for at least the last four years, and just under half have never shopped around. American consumers can cut their rates by roughly $850 a year just by comparing rates, but they underestimate how much money they would save if they switched.

Comparing rates for the best policy in Lexington is not as confusing as people think. Virtually every vehicle owner who is overpaying for auto insurance will most likely find a lower-cost company. But Kentucky drivers should learn how big insurance companies calculate your policy premium and take advantage of how the system works.

When shopping for the cheapest Chrysler Town and Country rate quotes, there are a couple of ways of comparing rates from different Lexington insurance companies. The best method to find the cheapest insurance rates consists of obtaining rate quotes online.

Just keep in mind that comparing a large number of companies helps improve the odds of finding the best offered rates.

The companies shown below have been selected to offer comparison quotes in Lexington, KY. To get cheap car insurance in Lexington, KY, it’s a good idea that you visit several of them to find the lowest car insurance rates.

Rate information and statistics

The coverage table shown below outlines a range of insurance costs for Chrysler Town and Country models. Having a good understanding how insurance policy rates are formulated can help you make decisions on which coverage to buy.

Chrysler Town and Country Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Town and Country LX $156 $220 $278 $16 $84 $754 $63
Town and Country Touring $176 $268 $278 $16 $84 $822 $69
Town and Country Signature $176 $268 $278 $16 $84 $822 $69
Town and Country Touring Plus $176 $268 $278 $16 $84 $822 $69
Town and Country Limited $196 $316 $278 $16 $84 $890 $74
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rate quotes do not factor in vehicle location which can affect insurance rates significantly.

Where to set your deductibles

A question often asked by Lexington drivers is which deductible level should you buy. The following tables may help to illustrate the rate differences when you select higher and lower comp and collision deductibles. The first table uses a $250 deductible for physical damage and the second rate chart uses a $500 deductible.

Chrysler Town and Country insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Town and Country LX $252 $350 $278 $16 $84 $1,005 $84
Town and Country Touring $284 $426 $278 $16 $84 $1,113 $93
Town and Country Signature $284 $426 $278 $16 $84 $1,113 $93
Town and Country Touring Plus $284 $426 $278 $16 $84 $1,113 $93
Town and Country Limited $318 $500 $278 $16 $84 $1,221 $102
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Chrysler Town and Country insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Town and Country LX $206 $282 $278 $16 $84 $866 $72
Town and Country Touring $232 $342 $278 $16 $84 $952 $79
Town and Country Signature $232 $342 $278 $16 $84 $952 $79
Town and Country Touring Plus $232 $342 $278 $16 $84 $952 $79
Town and Country Limited $258 $404 $278 $16 $84 $1,040 $87
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can affect auto insurance rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you roughly $14 more each month or $168 every year than requesting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at least 18 months between claim filings, you would more than likely save some money if you elect the higher deductible.

Safe drivers pay cheaper rates

The diagram below illustrates how traffic citations and at-fault accidents raise Chrysler Town and Country premium costs for different age groups of insureds. The premiums assume a single female driver, full coverage, $500 deductibles, and no policy discounts are applied.

Comparison of auto insurance rates by age and gender

The diagram below shows the comparison of Chrysler Town and Country premium costs for male and female drivers. The rates are based on no driving violations, no at-fault accidents, full coverage, $1,000 deductibles, single marital status, and no additional discounts are factored in.

Full coverage versus liability only rates

The diagram below illustrates the difference between Chrysler Town and Country insurance costs with full physical damage coverage and with liability coverage only. The costs are based on a clean driving record, no claims, $500 deductibles, marital status is single, and no discounts are factored in.

Are you wasting money on full coverage?

There is no definitive formula to eliminate physical damage insurance, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s say your Chrysler Town and Country replacement value is $9,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $8,000 after paying your policy deductible. If you are paying more than $800 a year for physical damage coverage, then it might be time to consider dropping full coverage.

There are some cases where removing full coverage is not in your best interest. If you still owe money on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not drop full coverage.

Buying from auto insurance agents

A small number of people would rather talk to a local agent and that can be a great decision An additional benefit of getting free rate quotes online is the fact that drivers can get lower premium rates but still work with a licensed agent. And providing support for neighborhood agents is important particularly in Lexington.

Find insurance agent in LexingtonFor easy comparison, once you complete this short form, the quote information is immediately sent to local insurance agents who will return price quotes for your coverage. It simplifies rate comparisons since you won’t have to leave your house because quoted prices will be sent directly to you. You can find the lowest rates without a big time investment. If you have a need to get a comparison quote from a specific car insurance provider, you just need to find their quoting web page and submit a quote form there.

If you want to use a reliable agent, you should know the types of agencies and how they differ in how they quote coverages. Car insurance agencies can either be exclusive or independent agents depending on their company appointments.

Independent Car Insurance Agencies

These type of agents are appointed with more than one company and that is an advantage because they can write policies through lots of different companies and find you cheaper rates. If you are not satisfied with one company, your agent can switch companies and you won’t have to switch agencies.

If you need cheaper car insurance rates, we highly recommend that you include price quotes from at a minimum one independent agency for the best price selection. Most independent agents also contract with less well-known companies which could offer lower prices.

Featured below is a list of independent agents in Lexington that may be able to provide free rate quotes.

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Exclusive Car Insurance Agencies

Agents of this type can only provide one company’s prices such as Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot provide other company’s prices so they have to upsell other benefits. Exclusive agencies are very knowledgeable on the products they sell which helps them compete with independent agents. Consumers often use the same exclusive agent partially due to high brand loyalty rather than having the cheapest rates.

The following are exclusive insurance agents in Lexington willing to provide price quote information.

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Finding the right insurance agency should include more criteria than just the bottom line cost. Any agent in Lexington should be forthright in answering these questions:

After getting reasonable responses to all your questions and a good coverage price, it’s a good possibility that you have found an insurance agent that will service your policy. Just keep in mind you can terminate your policy at any time so don’t assume that you are obligated to any specific agency with no way out.

Which auto insurance company is best in Lexington?

Finding the top auto insurance provider is difficult considering how many different companies insure vehicles in Lexington. The ranking information shown below may help you analyze which providers to look at comparing rates with.

Lexington, Kentucky Auto Insurance Company Rankings
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
Erie Insurance 87 84 85 85% A+ 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies