Statistics show that most car insurance customers have remained with the same car insurance company for over three years, and just under half have never quoted car insurance rates at all. Consumers in Lexington could save as much as $630 each year just by comparing rates, but they just assume it’s a time-consuming process to find cheap rates by getting comparison quotes.
The recommended way to find the cheapest price for Hyundai Accent insurance in Lexington is to compare prices annually from companies who provide auto insurance in Kentucky. Drivers can shop around by completing these steps.
First, get a basic knowledge of how companies price auto insurance and the changes you can make to prevent high rates. Many risk factors that result in higher prices such as speeding and a substandard credit history can be rectified by making lifestyle changes or driving safer. Later in this article we will cover more information to find cheap prices and find overlooked discounts.
Second, get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can give quotes from a single company like Progressive or State Farm, while independent agents can provide rate quotes for a wide range of insurance providers.
Third, compare the quotes to the price on your current policy to determine if switching companies saves money. If you find better rates and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
Fourth, notify your current company to cancel the current policy. Submit the signed application along with the required initial payment for the new policy. Once received, safely store the certificate verifying coverage with your registration paperwork.
An essential thing to point out is to try to use the same coverage limits and deductibles on each quote request and and to analyze as many different companies as possible. Doing this helps ensure the most accurate price comparison and the best price selection.
If you already have coverage or need new coverage, use these techniques to find better prices and possibly find even better coverage. Comparison shopping for affordable auto insurance coverage in Lexington is not that difficult. Smart shoppers just have to learn the best way to find the lowest price online.
Lower-cost Hyundai Accent insurance in Lexington
Auto insurance is expensive, but you might already qualify for some discounts to help offset the cost. Certain discounts will be applied at quote time, but once in a while a discount must be specially asked for before being credited.
- Theft Prevention System – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and earn discounts up to 10% off your Lexington auto insurance quote.
- Savings for New Vehicles – Buying insurance on a new vehicle can save you some money since newer models have better safety ratings.
- Cautious Drivers – Safe drivers can save as much as half off their rates as compared to drivers with claims.
- Driver Training Discounts – Taking a defensive driver course could save 5% or more and easily recoup the cost of the course.
- Low Mileage Discounts – Keeping the miles down on your Hyundai could be rewarded with slightly better premium rates than normal.
- Distant Student – Kids living away from Lexington attending college and leave their car at home may qualify for this discount.
- Bundled Policy Discount – When you combine your homeowners and auto insurance with the same insurance company you could earn a discount of at least 10 to 15 percent or more.
- Club Memberships – Affiliation with certain professional organizations could earn you a nice discount on auto insurance.
We need to note that most discounts do not apply to the whole policy. Some only apply to specific coverage prices like liability, collision or medical payments. Just because you may think all those discounts means the company will pay you, auto insurance companies aren’t that generous.
The example below shows the difference between Hyundai Accent premium costs with and without discounts being applied to the rates. The data is based on a male driver, no claims or 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 multi-policy, safe-driver, marriage, homeowner, claim-free, and multi-car discounts applied.
If you would like to choose from a list of auto insurance companies with discount rates in Lexington, click here to view.
Compare Lexington Hyundai Accent insurance price quotes
Most companies like State Farm and Allstate give insurance quotes on the web. Comparing Hyundai Accent insurance rates online is easy for anyone because you just enter the coverages you want into the quote form. After the form is submitted, their rating system makes automated requests for your credit score and driving record and quotes a price.
Using the web to get rate quotes for Hyundai Accent insurance in Lexington makes comparing rates easy, and it is imperative to have as many quotes as possible if you want to find the lowest auto insurance rates.
In order to compare pricing, compare rate quotes from the providers shown below. To compare your current rates, we recommend you replicate the coverage information exactly as shown on your declarations page. This helps ensure you will get a price comparison using the exact same coverages.
The companies shown below provide price quotes in Kentucky. To get cheap auto insurance in KY, it’s highly recommended you compare several of them in order to find the lowest rates.
Coverage statistics and figures
The premium table displayed below highlights a range of insurance costs for Hyundai Accent models. Having a better understanding of how rate quotes are formulated can help customers make decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $144 | $290 | $260 | $16 | $78 | $788 | $66 |
| Accent GS 2-Dr Hatchback | $170 | $352 | $260 | $16 | $78 | $876 | $73 |
| Accent GLS 4-Dr Sedan | $170 | $416 | $346 | $20 | $104 | $1,056 | $88 |
| Accent SE 2-Dr Hatchback | $194 | $478 | $260 | $16 | $78 | $1,026 | $86 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume 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. Table data does not factor in vehicle garaging location which can increase or decrease premiums substantially.
Can higher deductibles save money?
A question often asked by Lexington drivers is what deductibles to buy. The figures shown below lay out the rate fluctuation when you choose different coverage deductibles. The first rate quote example uses a $250 deductible for physical damage and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $188 | $350 | $278 | $16 | $84 | $941 | $78 |
| Accent GS 2-Dr Hatchback | $220 | $426 | $278 | $16 | $84 | $1,049 | $87 |
| Accent GLS 4-Dr Sedan | $220 | $500 | $368 | $22 | $110 | $1,245 | $104 |
| Accent SE 2-Dr Hatchback | $252 | $576 | $278 | $16 | $84 | $1,231 | $103 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $116 | $220 | $278 | $16 | $84 | $714 | $60 |
| Accent GS 2-Dr Hatchback | $136 | $268 | $278 | $16 | $84 | $782 | $65 |
| Accent GLS 4-Dr Sedan | $136 | $316 | $368 | $22 | $110 | $952 | $79 |
| Accent SE 2-Dr Hatchback | $156 | $362 | $278 | $16 | $84 | $896 | $75 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Premium amounts do not factor in the specific area where the vehicle is garaged which can increase or decrease prices significantly.
We can derive from the above data that using a $250 deductible will cost in the ballpark of $23 more each month or $276 for a full year than requesting the higher $1,000 deductible. Because you would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 33 months between claim filings, you would most likely save money by selecting a higher deductible.
The example below demonstrates how choosing different deductibles and can affect Hyundai Accent premium costs for each age group. The premiums assume a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Gender-based auto insurance rates
The diagram below visualizes the comparison of Hyundai Accent yearly insurance costs for male and female drivers. The data is based on no accidents or driving violations, full physical damage coverage, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
Does full coverage make sense?
The information below illustrates the difference between Hyundai Accent insurance costs with full physical damage coverage and with liability coverage only. The price estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.
When to stop buying comprehensive and collision coverage
There is no clear-cut rule to stop paying for physical damage coverage, but there is a general school of thought. 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 it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Hyundai Accent replacement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $6,000 after you pay the deductible. If it’s costing in excess of $600 annually for your policy with full coverage, then you might want to consider buying only liability coverage.
There are a few situations where buying only liability insurance is not in your best interest. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.
When in doubt talk to an agent
When quoting and choosing the best insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. You are unique and your policy should reflect that.
For instance, these questions might point out whether or not you might need professional guidance.
- Is my Hyundai Accent covered for flood damage?
- How much liability do I need to cover my assets?
- Am I covered when pulling a rental trailer?
- Can my babysitter drive my car?
- Will filing a claim cost me more?
- I have a DUI can I still get coverage?
- When can I cancel my policy?
- Does coverage extend to my business vehicle?
- Who does medical payments coverage extend to?
If you can’t answer these questions but a few of them apply, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.
Local Lexington insurance agencies
Many drivers would prefer to go talk to an agent and doing that can be a smart decision Most agents can help you choose the best coverages and give you someone to call. The best thing about price shopping on the web is the fact that you can find cheap auto insurance quotes and still have a local agent.
For easy comparison, once you complete this form (opens in new window), the coverage information is emailed to local insurance agents in Lexington who will give competitive quotes for your insurance coverage. There is no need to find an agent on your own due to the fact that quote results will go straight to your inbox. If you need to quote rates from a specific insurance company, just jump over to their website and complete a quote there.
Finding the right provider should depend on more than just the premium amount. These are valid questions to ask:
- Where would glass claims be handled in Lexington?
- Does the company use OEM repair parts?
- Are claims handled at the agent’s location?
- If independent agents, which companies do they recommend?
- Do they prorate repair cost based on vehicle mileage?
- Are they involved in claim handling?
- Are there any extra charges for paying monthly?
- Do they see any coverage gaps in your plan?
Shop smart and save
Cheaper Hyundai Accent insurance in Lexington is definitely available both online as well as from insurance agents, so you should be comparing quotes from both to have the best selection. Some insurance providers do not offer rates over the internet and these smaller providers only sell through independent agents.
You just learned a lot of tips how to find cheap Hyundai Accent insurance in Lexington. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding affordable Lexington auto insurance quotes. Consumers may even find the lowest premium rates come from a small local company. Smaller companies can often provide lower prices in certain areas than their larger competitors like State Farm and Allstate.
Additional resources
- Electronic Stability Control FAQ (iihs.org)
- Who Has Cheap Lexington Car Insurance for a Kia Forte? (FAQ)
- Who Has Affordable Car Insurance Quotes for Good Students in Lexington? (FAQ)
- Vehicle Size and Weight FAQ (iihs.org)
- Understanding Rental Car Insurance (Insurance Information Institute)
- Choosing an Insurance Company (Insurance Information Institute)