The type of vehicle you are insuring is a large factor that determines if you can find the most economical coverage for a learners permit. Vehicles with higher performance, poor safety features, or high incidents of liability claims will cost substantially more to insure than more economical and safe models.
The list below presents coverage rates for some of the more affordable automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $3,705 |
| Jeep Wrangler Sport 4WD 2-Dr | $3,867 |
| Ford F-150 XL Regular Cab 2WD | $3,874 |
| Ford Escape Limited 4WD | $3,931 |
| Hyundai Elantra SE Touring Station Wagon | $3,937 |
| Toyota Prius | $3,966 |
| Ford Edge SE 2WD | $4,091 |
| Dodge Grand Caravan SE | $4,126 |
| Volkswagen Jetta SE 2.5 Station Wagon | $4,190 |
| Ford Focus S 4-Dr Sedan | $4,317 |
| Chevrolet Silverado LS Extended Cab 4WD | $4,352 |
| Toyota RAV4 Limited 4WD | $4,357 |
| Chevrolet Malibu Hybrid | $4,352 |
| Chevrolet Impala LT | $4,358 |
| Chevrolet Equinox LT AWD | $4,352 |
| Ford Explorer Limited AWD | $4,386 |
| Toyota Tacoma Double Cab 4WD | $4,391 |
| Start Your Quote Go | |
Table data represents single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in specific Lexington, KY garaging location which can lower or raise coverage rates considerably.
Based upon the rates shown, you can presume that makes and models like the Honda CR-V, Jeep Wrangler, Ford F-150, Ford Escape, and Hyundai Elantra will be a few of the cheapest vehicles to insure for new drivers. The price for an auto insurance policy will trend higher just because there is more liability risk for a learners permit, but in general those particular models will have the cheapest car insurance rates possible.
Finding decent, budget car insurance is hard enough, and finding out which insurers offer the most affordable auto insurance rates for a learners permit involves even more work. Each auto insurer uses slightly different criteria to set their prices, so we need to take a look at the auto insurance companies with the most affordable rates in Lexington.
Cheapest Insurance Rates in Kentucky
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,082 |
| 2 | Kentucky Farm Bureau | $1,174 |
| 3 | USAA | $1,175 |
| 4 | Auto-Owners | $1,371 |
| 5 | Motorists Mutual | $1,569 |
| 6 | Grange Mutual | $1,625 |
| 7 | Travelers | $1,680 |
| 8 | Westfield | $1,832 |
| 9 | State Farm | $1,867 |
| 10 | Safe Auto | $1,972 |
| 11 | Nationwide | $2,024 |
| 12 | Electric | $2,139 |
| 13 | Progressive | $2,140 |
| 14 | State Auto | $2,254 |
| 15 | Encompass | $2,288 |
| 16 | GEICO | $2,365 |
| 17 | Safeco | $2,791 |
| 18 | MetLife | $3,053 |
| 19 | Shelter | $3,231 |
| 20 | Liberty Mutual | $3,634 |
| Quote Your Rates Go | ||
Cincinnati Insurance normally has some of the cheapest car insurance rates in Lexington at around $1,082 annually. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also qualify as some of the more affordable Lexington, KY car insurance companies.
As the rates illustrate above, if you have coverage with Kentucky Farm Bureau and switched to Cincinnati Insurance, you may see yearly savings of in the vicinity of $92. Insureds with USAA may save as much as $93 a year, and Auto-Owners customers might see rate reductions of $289 a year.
If you want to find out if you’re overpaying, click here or click several companies below for low rates.
Understand that those prices are averages across all drivers and vehicles in Kentucky and are not factoring in a vehicle location for a learners permit. So the car insurance company that is best for you may not even be in the list above. That helps illustrate why you need to get quotes using your own personalized driver profile and vehicle information.
One of the more important factors that aid in calculating insurance cost is where you keep your vehicle in Lexington. More populated areas will most likely pay more, whereas areas with lower crime rates and fewer weather claims benefit from lower coverage costs.
The next table lists the highest-priced places in Kentucky for a learners permit to buy auto insurance in. Lexington is ranked at #20 with the yearly price of $1,469 for the average policy, which is around $122 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Louisville | $2,090 |
| 2 | Frankfort | $1,795 |
| 3 | Jeffersontown | $1,719 |
| 4 | Ashland | $1,673 |
| 5 | Radcliff | $1,654 |
| 6 | Saint Matthews | $1,643 |
| 7 | Madisonville | $1,616 |
| 8 | Murray | $1,597 |
| 9 | Danville | $1,596 |
| 10 | Elizabethtown | $1,595 |
| 11 | Paducah | $1,583 |
| 12 | Winchester | $1,547 |
| 13 | Georgetown | $1,536 |
| 14 | Henderson | $1,511 |
| 15 | Nicholasville | $1,504 |
| 16 | Hopkinsville | $1,493 |
| 17 | Richmond | $1,490 |
| 18 | Covington | $1,487 |
| 19 | Erlanger | $1,478 |
| 20 | Lexington | $1,469 |
| Quote Best Rates Go | ||
Rate quotes are comparative as specific location information can lower or raise coverage prices noticeably.
Insuring your vehicle with a good quality car insurance provider can be rather challenging considering how many companies provide coverage in Kentucky. The company information in the lists below could help you choose which auto insurance companies to look at when comparing insurance rates for a learners permit. These ratings are only comprised of large nationwide companies, so companies with more of a regional focus 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 |
| Erie Insurance | 87 | 84 | 85 | 85% | A+ | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Discounts on Lexington car insurance
Car insurance companies that offer coverage for a learners permit may provide discounts that can reduce rates by 30% or more if you are eligible for them. Large auto insurance companies and their offered discounts are included below.
- State Farm has savings for multiple autos, student away at school, defensive driving training, good student, and driver’s education.
- Farmers Insurance offers discounts including distant student, good student, teen driver, homeowner, electronic funds transfer, alternative fuel, and business and professional.
- GEICO may offer discounts for multi-policy, military active duty, membership and employees, federal employee, multi-vehicle, defensive driver, and five-year accident-free.
- American Family has discounts for good driver, good student, multi-vehicle, defensive driver, early bird, and air bags.
- Nationwide may include discounts for easy pay, family plan, accident-free, Farm Bureau membership, and good student.
- Progressive policyholders can earn discounts including homeowner, continuous coverage, multi-vehicle, online signing, multi-policy, and online quote discount.
The diagram below illustrates the comparison of insurance rates with and without discounts being applied to the rates. The data is based on a male driver, a clean driving record, no claims, Kentucky state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with paperless filing, vehicle safety, continuous coverage, good student, paid-in-full, and anti-theft discounts applied. When drivers take advantage of discounts, the average amount saved each year on auto insurance for a learners permit is 28% or $686.
The illustration below demonstrates how deductibles can impact annual premium costs when quoting cheap insurance for a learners permit. The costs are based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.
In the chart above, a 30-year-old driver could pocket $300 a year by switching from a $100 deductible to a $500 deductible, or save $454 by using a $1,000 deductible. Even younger drivers, like the Age 20 chart data, can save as much as $880 annually just by choosing higher deductibles when buying full coverage.
When choosing a higher deductible, it is necessary to have additional funds in a savings account to be able to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.