It takes a few minutes, but the best way to save money on auto insurance rates is to begin comparing prices regularly from providers in Lexington. Rates can be compared by following these steps.
Step 1: Try to understand auto insurance and the things you can change to keep rates low. Many rating criteria that are responsible for high rates like at-fault accidents and a less-than-favorable credit score can be improved by making minor changes in your lifestyle. Continue reading for instructions to find cheap rates and get bigger discounts that may have been overlooked.
Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like GEICO and Allstate, while independent agents can give you price quotes for a wide range of companies.
Step 3: Compare the price quotes to your existing coverage and determine if cheaper S90 coverage is available. If you can save some money and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
One tip to remember is that you use identical deductibles and limits on each quote and and to compare as many different insurance providers as possible. Doing this provides a fair rate comparison and maximum price selection.
It’s amazing but most consumers have remained with the same car insurance company for more than four years, and just short of a majority have never compared rate quotes at all. Many consumers in Kentucky could save an average of about 30% each year by just shopping around, but they don’t want to take the time to do a rate comparison.
If you have a policy now or want to find a cheaper company, use these techniques to find better prices without reducing coverage. Locating the best rates in Lexington is not that difficult. Vehicle owners just need to know the most efficient way to compare prices online.
The quickest method to compare insurance rates from multiple companies is to know the trick most insurance companies pay for the opportunity to compare rate quotes. To start a quote, the only thing you need to do is provide a small amount of information including what you do for a living, types of safety features, whether the vehicles are used for commuting, and if you have an active license. Those rating factors gets sent immediately to multiple different insurance companies and they return cost estimate instantly.
To find the cheapest Volvo S90 insurance rates, click here and complete the form.
The companies in the list below provide price quotes in Kentucky. To find cheaper car insurance in KY, it’s a good idea that you click on several of them in order to get a fair rate comparison.
Choosing the best vehicle insurance in Kentucky is an important decision
Even though Lexington S90 insurance rates can get expensive, car insurance is required for several reasons.
First, almost all states have mandatory insurance requirements which means state laws require specific limits of liability insurance if you don’t want to risk a ticket. 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.
Second, if you have a loan on your Volvo S90, it’s most likely the lender will require that you have physical damage coverage to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank may insure your Volvo at a much higher rate and require you to reimburse them for the expensive policy.
Third, car insurance preserves not only your Volvo but also your assets. It will also provide coverage for medical bills for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If your Volvo gets damaged, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.
The benefits of buying car insurance outweigh the cost, especially with large liability claims. On average, a vehicle owner in Lexington is wasting up to $700 annually so it’s important to compare rates at every renewal to ensure rates are inline.
Smart Consumers Can Cut Their Insurance Rates
Many factors are used when pricing auto insurance. Some are pretty understandable such as your driving record, but other factors are less obvious like your continuous coverage or how safe your car is. When buying auto insurance it’s important to understand the rating factors that come into play when calculating the price you pay for auto insurance. If you have some idea of what impacts premium levels, this helps enable you to make changes that can earn you big savings.
Prices can be impacted by your occupation – Careers like lawyers, airline pilots, and dentists are shown to have higher premium rates attributed to job stress and lots of time spent away from family. Other occupations like farmers, students and homemakers pay lower than average rates.
Allowing your policy to lapse raises auto insurance rates – Going without insurance can be a quick way to increase your renewal premiums. Not only will rates go up, the inability to provide proof of insurance might get you a revoked license or a big fine. You could then be forced to prove you have insurance by filing a SR-22 with the Kentucky department of motor vehicles.
Reduce auto insurance rates by driving cars with good safety ratings – Safe vehicles are cheaper to insure. Highly rated vehicles reduce occupant injuries and fewer serious injuries translates directly to fewer claims which can result in lower premiums. If your Volvo S90 has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
Don’t skimp on liability – Liability insurance will afford coverage if a court rules you are at fault for personal injury or accident damage. This coverage provides legal defense coverage to defend your case. Liability is cheap compared to physical damage coverage, so drivers should carry high limits.
Tickets drive up premiums – Whether or not you get tickets has a big impact on rates. Just one moving violation can increase rates forty percent or more. Good drivers have lower premiums than their less careful counterparts. Drivers who have license-revoking violations such as hit and run, DWI or reckless driving convictions may find that they have to to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to keep their license.
Lower rates by qualifying for discounts
Car insurance is not cheap, but there could be significant discounts that can help lower your rates. Many of these discounts will be applied automatically at the time you complete a quote, but a few must be specifically requested before you will receive the discount. If you’re not getting every credit you deserve, it’s possible you qualify for a lower rate.
- Good Students Pay Less – Performing well in school can get you a discount of up to 25%. This discount can apply up to age 25.
- Distant Student Discount – Kids who attend college more than 100 miles from Lexington and do not take a car to college may be able to be covered for less.
- Student Discount for Driver Training – It’s a good idea to have your young drivers participate in a local driver’s education class if it’s offered in school.
- Use Seat Belts – Requiring all passengers to fasten their seat belts could cut 10% or more on the premium charged for medical payments and/or PIP.
- Multi-line Discount – Insurance companies who offer life insurance give a discounted price on car insurance if you buy auto and life insurance together.
- Payment Discounts – If you pay your bill all at once instead of paying each month you could save up to 5%.
- Multiple Vehicles – Having more than one vehicle with the same company may reduce the rate for each vehicle.
- Active Service Discounts – Being on active deployment in the military may qualify for rate reductions.
- Discount for Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of 20% or more.
Keep in mind that many deductions do not apply to the whole policy. Most only apply to the cost of specific coverages such as liability and collision coverage. If you do the math and it seems like adding up those discounts means a free policy, that’s just not realistic.
To see a list of companies with the best Volvo S90 insurance discounts in Lexington in Lexington, click here to view.
Comparing quotes from local Lexington auto insurance agents
Some consumers prefer to visit with an insurance agent and often times that is recommended Most agents can point out coverage gaps and help submit paperwork. An additional benefit of comparing rates online is that you can find cheap car insurance rates and still have a local agent. Buying insurance from local insurance agencies is important particularly in Lexington.
To make it easy to find an agent, after completing this form (opens in new window), the quote information is instantly submitted to companies in Lexington that can provide free Lexington car insurance quotes for your business. It’s much easier because you don’t need to leave your computer as quotes are delivered to you. If for some reason you want to quote rates from a specific insurance company, feel free to go to their quote page and fill out the quote form the provide.
If you would like to find a reliable agent, there are two different types of agencies and how they can quote your rates. Agents are categorized either independent agents or exclusive agents depending on their employer. Either type can sell car insurance policies, but it’s a good idea to understand the difference between them because it can impact the selection process.
Independent Car Insurance Agencies
Agents that elect to be independent often have many company appointments and that allows them to write policies through many different car insurance companies and get the cheapest rates. If you are not satisfied with one company, they simply switch companies in-house and you don’t have to switch agencies.
When comparing car insurance rates, you will want to compare prices from at a minimum one independent agency to get the best comparison.
Listed below is a list of independent agents in Lexington that may be able to provide competitive price quotes.
Al Jones Insurance Agency
274 Southland Dr, Suite #106A – Lexington, KY 40503 – (859) 276-0400 – View Map
Boggs Insurance Agency, Inc.
1353 W Main St # 2 – Lexington, KY 40508 – (859) 977-2055 – View Map
Exclusive agencies have only one company to place business with and examples are Farmers Insurance, Allstate, or State Farm. Exclusive agents cannot provide other company’s prices so if the price isn’t competitive there isn’t much they can do. They are well trained on their company’s products and that enables them to sell even at higher rates.
Listed below are Lexington exclusive agencies who can help you get comparison quotes.
Kentucky Farm Bureau Insurance Fayette County – Versailles Rd
1316 Versailles Rd – Lexington, KY 40504 – (859) 253-1626 – View Map
Joe Daugherty – State Farm Insurance Agent
651 Perimeter Dr Ste 204 – Lexington, KY 40517 – (859) 269-4990 – View Map
Choosing the best insurance agent should include more criteria than just a cheap quote. Any agent in Lexington should have no problem answering these questions:
- Do they see any coverage gaps in your plan?
- Can you choose the body shop in case repairs are needed?
- How are claims handled?
- Do they have 24-hour customer assistance?
- Does the agency have a good rating with the Better Business Bureau?
- Is the agent CPCU or CIC certified?
- Are there any extra charges for paying monthly?
- How are they compensated?
What is YOUR best insurance company?
You just read many ideas to compare Volvo S90 insurance prices in Lexington. It’s most important to understand that the more companies you get rates for, the better chance you’ll have of finding the cheapest Volvo S90 rate quotes. Consumers may even find the lowest priced insurance comes from an unexpected company. They may only write in your state and offer lower rates than their larger competitors like Allstate, GEICO and Progressive.
As you restructure your insurance plan, it’s a bad idea to sacrifice coverage to reduce premiums. There have been many cases where an insured cut full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy enough coverage at a price you can afford, not the least amount of coverage.
Additional detailed information can be found at these sites:
- Bodily Injury Coverage (Liberty Mutual)
- How Much is Car Insurance for Electric Cars in Lexington? (FAQ)
- Who Has Affordable Car Insurance Rates for a Honda CR-V in Lexington? (FAQ)
- What Auto Insurance is Cheapest for a Dodge Ram in Lexington? (FAQ)
- Who Has Cheap Car Insurance Quotes for 17 Year Olds in Lexington? (FAQ)
- What Insurance is Cheapest for a Honda Civic in Lexington? (FAQ)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Senior Drivers (Insurance Information Institute)