Things would sure be easy if we could tell you the one company in Kentucky that has the cheapest rates in Kentucky. It’s not quite that easy, unfortunately, as there are a whole slew of unknown aspects like the level of liability coverage you want, whether or not your vehicle has good safety ratings, your age, and how well you maintain your credit, that all influence how much you pay for auto insurance. The content below covers the best ways to save on auto insurance and hopefully give you enough understanding to have a good start in finding the cheapest insurance in Lexington.
Finding low-cost car insurance is tough enough, and deciding which companies have the lowest-priced auto insurance rates for unemployed drivers calls for even more shopping around. Each insurer has a proprietary formula for determining prices, so let’s take a look at the most affordable auto insurance companies in Kentucky.
It’s important to understand that Kentucky auto insurance rates are influenced by many factors that can increase the price you have to pay for coverage. This price fluctuation is why it is critical to shop around to get the best insurance rates for unemployed drivers. Prices are influenced by many factors and change dramatically, so the lowest-price company the last time you shopped around may now be quite expensive.
Lowest Insurance Price Quotes for Job Seekers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,082 |
| 2 | Kentucky Farm Bureau | $1,139 |
| 3 | USAA | $1,211 |
| 4 | Auto-Owners | $1,413 |
| 5 | Grange Mutual | $1,561 |
| 6 | Motorists Mutual | $1,569 |
| 7 | Travelers | $1,631 |
| 8 | State Farm | $1,848 |
| 9 | Westfield | $1,888 |
| 10 | Safe Auto | $1,972 |
| 11 | Nationwide | $2,085 |
| 12 | Progressive | $2,140 |
| 13 | Electric | $2,160 |
| 14 | State Auto | $2,254 |
| 15 | GEICO | $2,365 |
| 16 | Encompass | $2,382 |
| 17 | Safeco | $2,791 |
| 18 | MetLife | $3,053 |
| 19 | Shelter | $3,167 |
| 20 | Liberty Mutual | $3,598 |
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Cincinnati Insurance generally has some of the most affordable car insurance rates in Lexington at around $1,082 a year. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual would also make the list of some of the most economical Lexington, KY insurance companies.
As depicted above, if you buy coverage from Kentucky Farm Bureau and switched to Cincinnati Insurance, you could realize annual savings of about $57. Insureds with USAA might save as much as $129 a year, and Auto-Owners insureds might lower prices by $331 a year.
To get a quick, customized rate comparison, click here or quote prices from the following companies.
Remember that these premiums are averaged for all drivers and vehicles and and are not calculated with an exact zip code location for unemployed drivers. So the insurer that has the lowest price for you may not even be in the top 21 companies in the list above. That point stresses why you need to get rate quotes using your own personalized driver profile and vehicle information.
The type of vehicle requiring coverage is one of the biggest factors that determines whether or not you can buy low-priced insurance for unemployed drivers. Vehicles with lots of horsepower, a lack of modern safety features, or a history of substantial liability claims will cost much more to insure than more modest models.
The table below outlines insurance prices for the more affordable automobiles to insure.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $724 |
| Ford Edge SE 2WD | $797 |
| Honda CR-V EX-L 2WD | $814 |
| Ford Escape Limited 2WD | $824 |
| Volkswagen Jetta SE 2.5 Station Wagon | $849 |
| Jeep Grand Cherokee Laredo 2WD | $860 |
| Chevrolet Impala LT | $869 |
| Toyota RAV4 Sport 2WD | $860 |
| Dodge Grand Caravan SXT | $876 |
| Ford F-150 XL Crew Cab 2WD | $891 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $908 |
| Toyota Prius | $910 |
| Chevrolet Silverado LT Regular Cab | $920 |
| Toyota Corolla XRS | $922 |
| Nissan Altima 2.5 4-Dr Sedan | $939 |
| Chevrolet Equinox LT AWD | $946 |
| Ford Explorer Eddie Bauer AWD | $958 |
| Chevrolet Malibu LS | $960 |
| Nissan Rogue SL AWD | $966 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $983 |
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Premium costs do not factor in zip code location which can change price quotes substantially.
Looking at the rates, we can presume that makes and models like the Honda Accord, Ford Edge, Honda CR-V, and Ford Escape are most likely going to be a few of the cheaper vehicles to insure for the unemployed.
Get discounts on Lexington car insurance rates
Insurance companies that provide coverage for unemployed drivers may provide policy discounts that can lower rates by as much as 35% if you are eligible for them. Larger auto insurance companies and a summarized list of policyholder discounts are shown below.
- Progressive offers discounts for online quote discount, multi-policy, homeowner, multi-vehicle, and good student.
- GEICO has discounts for five-year accident-free, federal employee, good student, military active duty, and air bags.
- State Farm may have discounts that include anti-theft, good driver, Drive Safe & Save, defensive driving training, and good student.
- Esurance policyholders can earn discounts including homeowner, anti-theft, anti-lock brakes, renters, and DriveSense.
- The Hartford discounts include good student, air bag, anti-theft, driver training, defensive driver, and bundle.
The illustration below illustrates the difference between car insurance rates with and without discounts applied to the policy premium. The premium estimates are based on a female driver, no violations or claims, Kentucky state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with marriage, defensive driving course, accident-free, anti-theft, homeowner, and vehicle safety discounts applied. When drivers take advantage of discounts, the average savings per year on auto insurance for unemployed drivers is 28% or $490.
Insurance rate increases from tickets or accidents
A great way to get affordable auto insurance rates in Kentucky for the unemployed is to be a safe driver and not get tickets or have accidents. The information below shows how traffic citations and at-fault collisions raise premium costs for each different age group. The premium estimates are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
In the chart above, the average cost of a car insurance policy in Lexington per year with no accidents or violations is $1,142. Add in two speeding tickets and the average cost surges to $1,616, an increase of $474 each year. Then throw in one accident along with the two speeding tickets and the yearly cost of auto insurance for unemployed drivers increases to an average of $2,096. That’s an increase of $954, or $80 per month, just for not driving carefully!
Selecting a high-quality insurance provider is hard considering how many different companies sell coverage in Kentucky. The ranking information below can help you analyze which coverage providers to look at when insurance shopping for unemployed drivers. The ratings below are only comprised of large nationwide companies, so companies that have a smaller presence are not taken into consideration for this list.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
If you prefer to get some help when shopping for the best coverage for the unemployed, the agents listed below are a good start to aid you in deciding which policy is best. To find an agent closest to you, click the button following the list.
- Energy Insurance Inc
3008 Atkinson Ave – Lexington, KY 40509 – (859) 273-1549 - Cambridge Insurance
2300 Regency Road – Lexington, KY 40503 – (859) 252-0381 - Kentucky Insurance Inc
1750 Alexandria Dr – Lexington, KY 40504 – (859) 277-8877 - Nationwide Insurance: Bryan Joseph Mitchell Agency
252 E Third St – Lexington, KY 40508 – (859) 293-2253 - Nationwide Insurance: Tim Hamilton Insurance Agency Inc
401 Lewis Hargett Cir #130 – Lexington, KY 40503 – (859) 276-1234
View map of Lexington, KY insurance agents
How to find low-cost auto insurance for unemployed drivers
It is possible to find better rates, and here are a few thrifty ideas that can help Kentucky drivers quote cheap coverage.
- Staying accident-free helps keep rates low
- Increase your deductibles
- Do not get tickets or violations
- Drive a car with a high safety rating
- Increase your credit rating
- Do not insure for full coverage
- Ensure you have the best deal by shopping around regularly
The last tip in the list is extremely significant, as we emphasized in this piece. Insurance prices in Lexington vary considerably, so drivers shouldn’t hesitate to buy a policy from a new company if you find a cheaper price.
Staying with the same car insurance company is fine, but it’s not recommended if that loyalty results in overpaying a small fortune year after year. It only take a few minutes to compare prices to find cheaper car insurance for unemployed drivers.