Really, the only way to get budget Nissan Murano insurance is to regularly compare prices from insurers in Lexington.
Step 1: Spend some time learning about how companies set rates and the measures you can take to keep rates low. Many risk factors that cause rate increases like at-fault accidents and a less-than-favorable credit history can be rectified by making lifestyle changes or driving safer. Continue reading for additional ideas to prevent high prices and find discounts that you may qualify for.
Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like Progressive and State Farm, while independent agents can provide rate quotes for a wide range of companies.
Step 3: Compare the new rate quotes to your current policy to see if a cheaper price is available in Lexington. If you can save some money, make sure there is no lapse in coverage.
Step 4: Provide adequate notice to your current company to cancel your current car insurance policy and submit payment along with a signed and completed policy application to the new company. Don’t forget to keep your new certificate verifying proof of insurance in an easily accessible location.
One thing to remember is to make sure you’re comparing the same liability limits and deductibles on each quote request and and to get rate quotes from as many carriers as you can. Doing this guarantees a fair rate comparison and a thorough price selection.
We don’t have to tell you that auto insurance companies want to keep you from comparing rates. People who shop rates annually are likely to buy a new policy because there is a significant possibility of finding more affordable rates. A recent survey discovered that consumers who shopped around saved over $3,400 over four years compared to those who never shopped around for cheaper prices.
If finding discount rates on car insurance in Lexington is your intention, knowing how to choose a company and compare auto insurance can make it easier to shop your coverage around.
Discount Lexington insurance quotes
Car insurance companies do not advertise all possible discounts in an easy-to-find place, so the list below gives a summary of both well-publicized and also the lesser-known credits available to bring down your rates.
- First Accident Forgiveness – This one isn’t a discount, but some insurance companies will turn a blind eye to one accident before your rates go up with the catch being you have to be claim-free for a specific time period.
- Discount for Life Insurance – If the company offers life insurance, you could get a discount if you purchase life insurance.
- Senior Citizen Discount – Seniors may be able to get better insurance rates.
- Paperless Signup – A few companies will discount your bill up to fifty bucks simply for signing on the web.
- Own a Home – Being a homeowner can get you a discount since home ownership means you have a higher level of financial diligence.
A little note about advertised discounts, most of the big mark downs will not be given to the entire cost. Some only reduce specific coverage prices like medical payments or collision. So despite the fact that it appears having all the discounts means you get insurance for free, that’s just not realistic.
The illustration below illustrates the comparison of Nissan Murano insurance rates with and without discounts applied. The prices are based on a female driver, no claims or violations, Kentucky state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, claim-free, homeowner, marriage, and safe-driver discounts applied.
A few of the larger companies and some of their more popular discounts are:
- American Family offers premium reductions for multi-vehicle, accident-free, mySafetyValet, defensive driver, early bird, and Steer into Savings.
- Nationwide offers discounts including easy pay, defensive driving, accident-free, good student, and family plan.
- MetLife may offer discounts for defensive driver, accident-free, claim-free, good student, good driver, multi-policy
- 21st Century may include discounts for driver training, air bags, early bird, teen driver, automatic seat belts, defensive driver, and theft prevention.
- Farmers Insurance offers discounts for switch companies, bundle discounts, good student, mature driver, alternative fuel, distant student, and pay in full.
- Allstate has discounts for FullPay discount, economy car, auto/life discount, premier plus, and teenSMART discount.
Double check with every company to give you their best rates. Some discounts might not be available to policyholders in Lexington. If you would like to view insurers with significant discounts in Kentucky, click here.
To find low cost rates, there are a couple of ways to compare quotes from auto insurance companies in your area. The best way to find affordable insurance rates is to use the internet to compare rates.
Comparing free rates online is easy and it, makes it a waste of time to go to all the different Lexington insurance agencies. The ability to buy insurance online has made agencies unnecessary unless you have a need for the extra assistance that only a licensed agent can provide. However, consumers can comparison shop your insurance online but have your policy serviced through an agent.
When quoting auto insurance, remember that comparing a wide range of rates gives you a better chance of getting a lower rate than you’re paying now.
The following companies can provide quotes in Lexington, KY. If multiple companies are listed, it’s a good idea that you get rates from several of them in order to find the most competitive rates.
Car insurance statistics and figures
The coverage information shown below highlights estimates of insurance premium costs for Nissan Murano models. Knowing how insurance policy premiums are established can help guide drivers when making smart choices when purchasing an auto insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Murano S 2WD||$194||$352||$306||$18||$92||$962||$80|
|Murano S AWD||$194||$352||$306||$18||$92||$962||$80|
|Murano SL 2WD||$194||$352||$306||$18||$92||$962||$80|
|Murano SL AWD||$194||$352||$306||$18||$92||$962||$80|
|Murano LE 2WD||$220||$416||$306||$18||$92||$1,052||$88|
|Murano LE AWD||$220||$416||$306||$18||$92||$1,052||$88|
|Get Your Own Custom Quote Go|
Data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Price estimates do not factor in Lexington location which can lower or raise premiums greatly.
The example below shows how choosing a deductible and can change Nissan Murano premium costs for different ages of insureds. The premium estimates are based on a single female driver, full physical damage coverage, and no additional discounts are factored in.
Full coverage versus liability only rates
The information below illustrates the comparison of Nissan Murano car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no claims or violations, $250 deductibles, drivers are not married, and no discounts are applied to the premium.
Should you be buying full coverage?
There is no exact formula of when to eliminate full coverage, but there is a general guideline. If the yearly cost of full coverage is more than 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Nissan Murano replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $7,000 after you pay the deductible. If premium cost is more than $700 annually for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some circumstances where buying only liability insurance is not a good plan. If you haven’t satisfied your loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not buy liability only.
Situations that may require an agent’s advice
When it comes to buying insurance from an agent or online, there isn’t really a single plan that fits everyone. Every situation is different and your policy should reflect that.
For instance, these questions might help in determining if you might need professional guidance.
- Does my insurance cover my expensive audio equipment?
- What does UM/UIM cover?
- What companies insure drivers after a DUI or DWI?
- What is an adequate liability insurance limit?
- Where can I find high-risk insurance?
- Am I missing any policy discounts?
- Who sells insurance for high-risk drivers?
If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies.
Insurance agent or online?
A small number of people still like to sit down with an agent and that is a personal choice. One of the benefits of price shopping on the web is that drivers can save money and get cheap insurance rates but also keep your business local.
To help locate an agent, after submitting this simple form, your information is emailed to agents in your area who will gladly provide quotes for your business. It’s much easier because you don’t need to search for any insurance agencies because quoted prices will be sent to you directly. You can find the lowest rates without having to waste a lot of time. If for some reason you want to get a rate quote from one company in particular, just go to their quote page and submit a quote form there.
Finding the right insurance company requires more thought than just a cheap quote. A good agent in Lexington will have answers to these questions.
- Are there any extra charges for paying monthly?
- Do they get extra compensation for selling add-on coverages?
- What will you get paid if your car is a total loss? How is that amount determined?
- Will the company cover a rental car if your car is getting fixed?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
Pick the best car insurance agent in Lexington for you
If you are wanting to find a reliable insurance agent, it’s important to understand the different types of agents to choose from. Insurance agencies are considered either independent (non-exclusive) or exclusive.
Exclusive Insurance Agencies
Agents that choose to be exclusive generally can only insure with one company and examples are Farmers Insurance or State Farm. Exclusive agencies are unable to compare rates from other companies so you might not find the best rates. They are well schooled in insurance sales and that allows them to sell at a higher price point.
Shown below are exclusive agents in Lexington who may provide you with rate quotes.
Independent Agents (or Brokers)
These agents are not locked into one company so they can quote policies through lots of different companies and get you the best rates possible. If your agent finds better pricing, they simply move the coverage in-house and you won’t have to switch agencies. If you need cheaper insurance rates, we recommend you compare prices from a couple of independent agencies to ensure the widest selection of prices.
Listed below are Lexington independent insurance agents that can give you comparison quotes.
Do the work, save more money
Cheaper Nissan Murano insurance in Lexington is definitely available online and also from your neighborhood Lexington agents, and you should compare rates from both to have the best chance of lowering rates. There are still a few companies who may not offer price quotes online and usually these smaller providers work with local independent agents.
When buying insurance coverage, it’s very important that you do not reduce needed coverages to save money. There are many occasions where someone sacrificed comprehensive coverage or liability limits and learned later that the small savings ended up costing them much more. Your focus should be to find the BEST coverage at the best cost, but don’t skip important coverages to save money.
Throughout this article, we presented some good ideas how you can compare Nissan Murano insurance rates in Lexington. The key concept to understand is the more rate comparisons you have, the better chance you’ll have of finding affordable Lexington auto insurance quotes. Consumers may even find the lowest rates come from some of the lesser-known companies. These companies often have lower auto insurance rates on specific markets compared to the large companies like Allstate or State Farm.
More tips and info about car insurance can be read in the articles below:
- Auto Crash Statistics (Insurance Information Institute)
- What Car Insurance is Cheapest for a Toyota 4Runner in Lexington? (FAQ)
- Who Has Cheap Auto Insurance Rates for Veterans in Lexington? (FAQ)
- Who Has the Cheapest Lexington Auto Insurance for a Dodge Grand Caravan? (FAQ)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- Tread Depth and Tire Safety (State Farm)
- What is a Telematics Device? (Allstate)
- Frontal Crash Tests (iihs.org)