It’s easy to assume that car insurance companies want to keep you from shopping around. Consumers who compare other rates will probably switch to a new company because they have a good chance of finding better rates. A recent survey found that people who regularly compared rates saved over $860 a year compared to policyholders who never compared prices.
If finding discount rates on auto insurance is the reason for your visit, then knowing how to quote prices and compare insurance premiums can save time, money, and frustration.
If saving the most money is your goal, then the best way to find the cheapest price for car insurance rates is to do a yearly price comparison from insurance carriers that sell auto insurance in Lexington.
- Step 1: Try to understand coverages and the changes you can make to prevent expensive coverage. Many policy risk factors that are responsible for high rates like inattentive driving and a not-so-good credit score can be amended by making minor driving habit or lifestyle changes.
- Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from one company like Progressive and State Farm, while agents who are independent can quote rates from many different companies. View insurance agents
- Step 3: Compare the new quotes to your current policy to see if a cheaper price is available. If you find a better price and buy the policy, ensure there is no coverage lapse between policies.
One bit of advice is that you’ll want to make sure you compare identical deductibles and limits on every price quote and and to get rate quotes from as many companies as you can. Doing this provides a fair price comparison and a complete price analysis.
Locating the most cost-effective auto insurance policy in Lexington can be made easier if you know where to look. Virtually every vehicle owner who comparison shops for auto insurance will be able to save money. But Kentucky consumers need to have an understanding of how insurance companies compete online because it varies considerably.
Best companies for Toyota Sienna insurance
The providers in the list below are our best choices to provide free quotes in Kentucky. If you want to find the best auto insurance in KY, it’s a good idea that you visit several of them to get a more complete price comparison.
Insurance coverage details
The coverage table shown below outlines estimates of policy rates for Toyota Sienna models. Having insight into how insurance policy rates are determined can help you make smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sienna CE | $132 | $262 | $334 | $20 | $100 | $848 | $71 |
| Sienna LE | $152 | $262 | $334 | $20 | $100 | $868 | $72 |
| Sienna LE AWD | $152 | $262 | $334 | $20 | $100 | $868 | $72 |
| Sienna XLE | $152 | $262 | $334 | $20 | $100 | $868 | $72 |
| Sienna XLE AWD | $152 | $308 | $334 | $20 | $100 | $914 | $76 |
| Sienna Limited | $170 | $308 | $334 | $20 | $100 | $932 | $78 |
| Sienna Limited AWD | $170 | $308 | $334 | $20 | $100 | $932 | $78 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price estimates do not factor in specific Lexington garaging location which can influence prices greatly.
Physical damage deductible comparison
One frequently asked question is which deductible level should you buy. The following tables highlight the cost difference when you buy lower versus higher physical damage deductibles. The first rate estimation uses a $100 physical damage deductible and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sienna CE | $244 | $508 | $326 | $20 | $98 | $1,221 | $102 |
| Sienna LE | $280 | $508 | $326 | $20 | $98 | $1,257 | $105 |
| Sienna LE AWD | $280 | $508 | $326 | $20 | $98 | $1,257 | $105 |
| Sienna XLE | $280 | $508 | $326 | $20 | $98 | $1,257 | $105 |
| Sienna XLE AWD | $280 | $598 | $326 | $20 | $98 | $1,347 | $112 |
| Sienna Limited | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Sienna Limited AWD | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sienna CE | $178 | $342 | $326 | $20 | $98 | $964 | $80 |
| Sienna LE | $206 | $342 | $326 | $20 | $98 | $992 | $83 |
| Sienna LE AWD | $206 | $342 | $326 | $20 | $98 | $992 | $83 |
| Sienna XLE | $206 | $342 | $326 | $20 | $98 | $992 | $83 |
| Sienna XLE AWD | $206 | $404 | $326 | $20 | $98 | $1,054 | $88 |
| Sienna Limited | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| Sienna Limited AWD | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Prices do not factor in vehicle garaging location which can raise or lower rates substantially.
Based on this data, using a $100 deductible costs roughly $23 more each month or $276 a year averaged for all Sienna models than selecting the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 17 months between claims, you would more than likely save some money going with the higher deductible.
Poor driving habits will raise your auto insurance rates
The information below demonstrates how citations and at-fault accidents can affect Toyota Sienna insurance costs for different categories of driver ages. The information is based on a married female driver, full coverage, $1,000 deductibles, and no discounts are taken into consideration.
Should you buy full coverage?
The diagram below illustrates the comparison of Toyota Sienna car insurance costs with and without full coverage. The costs are based on no claims, a clean driving record, $100 deductibles, single status, and no policy discounts are applied.
When to stop paying for full coverage
There is no set rule of when to drop physical damage coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
For example, let’s assume your Toyota Sienna replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $2,000 after the deductible is paid. If it’s costing in excess of $200 a year to have full coverage, then you may need to consider dropping full coverage.
There are some circumstances where eliminating full coverage is not a good plan. If you haven’t satisfied your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Take policy discounts and save on Toyota Sienna insurance in Lexington
Some insurers don’t always publicize all available discounts in a way that’s easy to find, so we took the time to find some of the more common and the harder-to-find credits that you can use to lower your rates.
- College Student Discount – Older children who are attending college and don’t have a car could get you a discount.
- Federal Government Employee – Federal government employees can earn a discount up to 10% depending on your company.
- New Car Discount – Adding a new car to your policy can save you some money since new model year vehicles are generally safer.
- Active Service Discounts – Being on active deployment in the military could trigger a small discount.
- Theft Deterrent – Cars equipped with anti-theft or alarm systems are stolen less frequently so companies will give you a small discount.
- Defensive Driver Discounts – Taking a course that instructs on driving safety could earn you a small percentage discount and also improve your driving technique.
- Telematics Data – Lexington drivers who agree to allow companies to study driving manner by using a telematics device such as Progressive’s Snapshot might see lower rates if they are good drivers.
One last thing about discounts, most discounts do not apply to the whole policy. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So even though you would think adding up those discounts means a free policy, nobody gets a free ride. Any qualifying discounts will positively reduce the premium cost.
The chart below shows the comparison of Toyota Sienna insurance costs with and without discounts applied to the policy rates. The costs are based on a female driver, no accidents, no driving violations, Kentucky state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, safe-driver, marriage, multi-car, and multi-policy discounts applied.
If you would like to see a list of insurance companies that have a full spectrum of discounts in Kentucky, click here.
Buying from insurance agents
Many people just want to buy from a licensed agent and that is a smart decision One of the benefits of getting free rate quotes online is that you can obtain lower rates and also buy local.
After completing this short form, your coverage information is immediately sent to participating agents in Lexington who will give you quotes to get your business. It makes it easy because there is no need to search for an agent since rate quotes are delivered directly to your email. It’s the lowest rates and a licensed agent to talk to. In the event you want to get a rate quote from a specific auto insurance provider, you would need to find their quoting web page to submit a rate quote request.
Picking an company requires you to look at more than just a cheap price quote. These questions are important to ask:
- Does the company have a solid financial rating?
- Did they already check your driving record and credit reports?
- Is coverage determined by price?
- How experienced are they in personal risk management?
- Do they receive special compensation for putting your coverage with one company over another?
If you are wanting to purchase auto insurance from a local Lexington insurance agent, you need to know there are two different agency structures and how they function. Lexington agents may be either exclusive or independent agents depending on their company appointments.
Exclusive Agencies
Exclusive insurance agents have only one company to place business with like Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agencies are unable to compare other company’s rates so always compare other rates. These agents are usually quite knowledgeable on the products they sell which helps them sell insurance even at higher premiums. Consumers frequently purchase coverage from exclusives mainly due to high brand loyalty rather than having low rates.
Below are Lexington exclusive agents willing to provide price quote information.
- 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 - Wallace Barber – State Farm Insurance Agent
340 E New Cir Rd #120 – Lexington, KY 40505 – (859) 543-0300 – View Map
Independent Auto Insurance Agents
Independent insurance agents are not restricted to one company and that is an advantage because they can write policies with an assortment of companies and find the cheapest auto insurance rates. If your agent finds better pricing, they can switch companies in-house without you having to go to a different agency.
When comparison shopping, it’s recommended you get quotes from at least one independent agent so that you can do a thorough price comparison. Many write coverage with companies that do not advertise much which may have better rates.
Shown below is a list of independent insurance agents in Lexington willing to provide price quote information.
- Greater Lexington Insurance Agency, Inc.
1066 Wellington Way – Lexington, KY 40513 – (859) 224-2477 – View Map - Al Jones Insurance Agency
274 Southland Dr, Suite #106A – Lexington, KY 40503 – (859) 276-0400 – View Map - Nationwide Insurance: Bryan Joseph Mitchell Agency
252 E Third St – Lexington, KY 40508 – (859) 293-2253 – View Map
Don’t give up on affordable rates
Drivers who switch companies do it for many reasons like delays in paying claims, an unsatisfactory settlement offer, delays in responding to claim requests or policy non-renewal. No matter why you want to switch, finding a new car insurance company is less work than it seems.
We just presented a lot of tips how to get a better price on Toyota Sienna insurance in Lexington. The key thing to remember is the more times you quote, the higher your chance of finding the cheapest Toyota Sienna rate quotes. Drivers may even discover the lowest auto insurance rates are with a small local company.
When getting Lexington auto insurance quotes online, never skimp on critical coverages to save a buck or two. There have been many cases where drivers have reduced physical damage coverage and learned later that the small savings ended up costing them much more. Your strategy should be to buy the best coverage you can find at the best price.
For more information, take a look at the following helpful articles:
- Airbag FAQ (iihs.org)
- What Insurance is Cheapest for High Mileage Drivers in Lexington? (FAQ)
- What Insurance is Cheapest for a Ford F-150 in Lexington? (FAQ)
- Vehicle Insurance (Wikipedia)
- Uninsured Motorist Statistics (Insurance Information Institute)
- Eight Auto Insurance Myths (Insurance Information Institute)