If you want to save money, the best way to get the cheapest auto insurance rates is to regularly compare price quotes from different companies that insure vehicles in Lexington. You can compare prices by following these steps.
- Learn about what is in your policy and the things you can change to drop your rates. Many factors that drive up the price such as tickets, at-fault accidents, and an imperfect credit rating can be controlled by making small lifestyle or driving habit changes. Later in this article we will cover instructions to prevent high prices and find possible discounts that are available.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or Allstate, while agents who are independent can give you price quotes for a wide range of companies.
- Compare the new rate quotes to your current policy premium and see if you can save money. If you find a lower rate and switch companies, make sure there is no coverage gap between policies.
A good tip to remember is to make sure you enter the same coverage limits and deductibles on each quote and and to get price estimates from as many companies as possible. Doing this provides a fair rate comparison and a complete selection of prices.
A recent survey discovered that most auto insurance policyholders in Kentucky have been with the same company for four years or more, and approximately 38% of consumers have never even compared quotes to find cheaper rates. American drivers could save themselves roughly 46.5% a year by just comparing rate quotes, but they just feel it’s too hard to go online and compare rates.
When comparison shopping, there are several ways of comparing price quotes from all the different companies. The fastest way to find the cheapest Mercury Mountaineer insurance rates is to get quotes online.
Just remember that comparing more prices helps you find more affordable rates. Not every company does rate quotes online, so you need to compare prices on coverage from those companies, too.
The car insurance companies shown below provide price quotes in Kentucky. To locate cheap car insurance in KY, it’s highly recommended you compare several of them to get the most affordable price.
Car insurance is not optional
Even though it can be expensive, car insurance is a good idea for several reasons.
First, the majority of states have compulsory liability insurance requirements which means the state requires a specific level of liability protection in order to license the vehicle. 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 bought your Mercury Mountaineer with a loan, most banks will require you to carry insurance to guarantee payment of the loan. If you let the policy lapse, the bank may insure your Mercury for a lot more money and require you to fork over for the expensive policy.
Third, insurance safeguards both your Mercury and your personal assets. It will also cover medical transport and hospital expenses that are the result of an accident. Liability coverage will also pay attorney fees if you are sued as the result of your driving. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.
The benefits of having car insurance are definitely more than the cost, especially if you ever need it. On average, a vehicle owner in Lexington overpays as much as $820 a year so you should quote your policy with other companies every year to ensure rates are competitive.
Rate information and statistics
The premium information below covers a range of insurance premium costs for Mercury Mountaineer models. Having a good understanding how premiums are calculated is important for drivers to make informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mountaineer 2WD | $186 | $316 | $336 | $20 | $100 | $958 | $80 |
| Mountaineer AWD | $210 | $316 | $336 | $20 | $100 | $982 | $82 |
| Mountaineer Premier 2WD | $210 | $372 | $336 | $20 | $100 | $1,038 | $87 |
| Mountaineer Premier AWD | $210 | $372 | $336 | $20 | $100 | $1,038 | $87 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Estimates do not factor in specific location information which can increase or decrease insurance rates greatly.
Insurance deductibles
One frequently asked question is which comprehensive and collision deductibles to buy. The following insurance rates can help you visualize how much more you’ll pay when you select higher and lower insurance deductibles. The first rate quote example uses a $100 physical damage deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mountaineer 2WD | $280 | $508 | $326 | $20 | $98 | $1,257 | $105 |
| Mountaineer AWD | $318 | $508 | $326 | $20 | $98 | $1,295 | $108 |
| Mountaineer Premier 2WD | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Mountaineer Premier 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 |
|---|---|---|---|---|---|---|---|
| Mountaineer 2WD | $156 | $268 | $326 | $20 | $98 | $868 | $72 |
| Mountaineer AWD | $176 | $268 | $326 | $20 | $98 | $888 | $74 |
| Mountaineer Premier 2WD | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Mountaineer Premier AWD | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Price information does not factor in vehicle location which can alter insurance rates noticeably.
Based on the data above, we can derive that using a $100 deductible costs an average of $35 more each month or $420 annually than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you go at least 26 months between claims, you would save money if you decide on a higher deductible.
Affordable Mercury Mountaineer insurance in Lexington
Some companies do not advertise all possible discounts very well, so we researched both the well known in addition to some of the lesser obvious credits that you can use to lower your rates.
- Anti-lock Brake Discount – Cars, trucks, and SUVs that have steering control and anti-lock brakes can avoid accidents and therefore earn up to a 10% discount.
- Paperwork-free – Some of the larger companies will give you a small discount get Lexington car insurance online.
- Fewer Miles Equal More Savings – Keeping the miles down on your Mercury can qualify you for cheaper auto insurance rates.
- Distant Student Discount – Youth drivers who attend college more than 100 miles from Lexington and won’t have access to an insured vehicle may be insured at a cheaper rate.
- More Vehicles More Savings – Purchasing coverage when you have multiple cars or trucks with the same auto insurance company can get a discount on all vehicles.
- Military Discounts – Having an actively deployed family member can result in better rates.
- Theft Prevention Discount – Vehicles equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
- Federal Employees – Employees or retirees of the government can earn a discount up to 10% with select insurance companies.
- Passive Restraints and Air Bags – Options like air bags or automatic seat belts may qualify for discounts of 20% or more.
Don’t be shocked that most credits do not apply to all coverage premiums. A few only apply to specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, you aren’t that lucky. But any discount should definitely cut the amount you pay for coverage.
The diagram below visualizes the comparison of Mercury Mountaineer auto insurance costs with and without policy discounts. The prices are based on a male driver, no violations or accidents, Kentucky state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, safe-driver, marriage, multi-car, and homeowner discounts applied.
A few popular companies and some of their more popular discounts are shown below.
- State Farm may offer discounts for anti-theft, Steer Clear safe driver discount, student away at school, multiple autos, and passive restraint.
- Farmers Insurance may include discounts for early shopping, distant student, business and professional, pay in full, alternative fuel, electronic funds transfer, and mature driver.
- Progressive offers premium reductions for homeowner, online signing, online quote discount, multi-policy, continuous coverage, good student, and multi-vehicle.
- GEICO includes discounts for good student, daytime running lights, anti-lock brakes, five-year accident-free, and air bags.
- Auto-Owners Insurance has discounts for anti-theft, mature driver, safe driver, teen driver, good student, group or association, and company car.
- The Hartford may have discounts that include air bag, defensive driver, anti-theft, bundle, vehicle fuel type, driver training, and good student.
- Farm Bureau discounts include 55 and retired, good student, safe driver, youthful driver, driver training, and multi-policy.
- USAA offers discounts for multi-vehicle, driver training, safe driver, military installation, vehicle storage, annual mileage, and loyalty savings.
When quoting, ask every insurance company the best way to save money. Depending on the company, some discounts may not apply everywhere.
Local Lexington insurance agencies
A small number of people just prefer to go talk to an agent and doing so can bring peace of mind An additional benefit of comparing insurance prices online is you may find cheap rate quotes and still choose a local agent.
Upon completion of this form (opens in new window), the coverage information is immediately sent to participating agents in Lexington that provide free Lexington car insurance quotes for your insurance coverage. It makes it easy because there is no need to find an agent since price quotes are sent instantly to you. Get lower rates and a licensed agent to work with. In the event you want to get a comparison quote from a specific car insurance provider, don’t hesitate to find their quoting web page and fill out their quote form.
Selecting an provider requires more thought than just a cheap quote. Any good agent in Lexington should know the answers to these questions.
- How much experience to they have in personal lines coverages?
- Is the agency involved in supporting local community causes?
- Are they giving you every discount you deserve?
- What is the agency’s Better Business Bureau rating?
- How often do they review policy coverages?
- Will your rates increase after a single accident?
- How are they compensated?
Two types of Lexington car insurance agents
If you want to use a good insurance agency, you should know the different types of agents that you can choose from. Agents can be categorized as either exclusive agents or independent agents.
Exclusive Car Insurance Agents
Agents of this type can usually just insure with one company such as Farmers Insurance, American Family, State Farm and Allstate. These agents are unable to place coverage with different providers so if the price isn’t competitive there isn’t much they can do. These agents are usually quite knowledgeable on their company’s products which helps offset the inability to provide other markets. A lot of people use the same agent mainly due to loyalty to the company and solid financial strength.
The following are exclusive agencies in Lexington who may provide you with rate quotes.
- GEICO Insurance Agent
3100 Old Todds Rd #110 – Lexington, KY 40509 – (859) 286-8655 – View Map - Stewart Perry – State Farm Insurance Agent
2128 Nicholasville Rd – Lexington, KY 40503 – (859) 277-7195 – View Map - Joe Daugherty – State Farm Insurance Agent
651 Perimeter Dr Ste 204 – Lexington, KY 40517 – (859) 269-4990 – View Map
Independent Agents
These type of agents are not employed by one company and that gives them the ability to insure with lots of companies enabling the ability to shop coverage around. If they find a lower price, an independent agent can move your coverage and you stay with the same agent.
When searching for an agent, you need to include price quotes from a few independent agents to get the most accurate price comparison. Most independent agents also contract with less well-known companies which may provide better rates.
Listed below are independent agencies in Lexington that can give you rate quotes.
- Kelly Wooten Insurance Agency
2331 Fortune Dr #175 – Lexington, KY 40509 – (859) 278-3487 – View Map - Sullivan Insurance Agency
635 N Broadway – Lexington, KY 40508 – (859) 233-1637 – View Map - Neely Taylor-Wade Insurance
133 Walton Ave – Lexington, KY 40508 – (859) 233-7855 – View Map
If you receive good feedback to these questions in addition to an acceptable price estimate, chances are good that you have found an auto insurance agent that meets your needs to adequately provide car insurance. Just keep in mind once you purchase a policy you can cancel your coverage at any time so don’t think you’re contractually obligated to any specific agency for a certain time period.
Insurance agents can help
When buying coverage, there really is no “perfect” insurance plan. Every situation is different.
For example, these questions might point out whether you could use an agent’s help.
- What is the rate difference between pleasure use and commuting?
- What policy terms are available?
- Should I sign the liability waiver when renting a car?
- Does my policy pay for OEM or aftermarket parts?
- Why do I need rental car insurance?
- Why am I required to buy liability insurance?
- Should I bundle my homeowners policy with my auto?
- How much will a speeding ticket raise my rates?
- Do all my vehicles need collision coverage?
- Is my state a no-fault state?
If you can’t answer these questions but a few of them apply, you may need to chat with an agent. To find an agent in your area, fill out this quick form.
Auto insurance companies ranked
Picking the best insurance company can be rather challenging considering how many choices drivers have in Kentucky. The information listed below may help you choose which auto insurance companies to look at comparing rate quotes with.
Top 10 Lexington Car Insurance Companies Ranked by Value
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- Erie Insurance
- The General
- Esurance
- 21st Century
Top 10 Lexington Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Erie Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
- Allstate – A+
Cheaper auto insurance is a realistic goal
We just covered a lot of techniques to shop for Mercury Mountaineer insurance online. The most important thing to understand is the more times you quote, the better your comparison will be. You may even discover the lowest car insurance rates come from a lesser-known regional company.
Consumers change insurance companies for a variety of reasons including questionable increases in premium, delays in responding to claim requests, not issuing a premium refund and even high prices. It doesn’t matter why you want to switch switching auto insurance companies is actually quite simple.
Low-cost Mercury Mountaineer insurance in Lexington is possible both online and with local Lexington insurance agents, and you should be comparing both in order to have the best chance of saving money. Some insurance companies do not provide internet price quotes and most of the time these small insurance companies work with independent agents.
More detailed auto insurance information is available by following these links:
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Who Has Affordable Car Insurance Quotes for Single Moms in Lexington? (FAQ)
- Who Has Cheap Auto Insurance for Teenage Males in Lexington? (FAQ)
- Collision Coverage (Liberty Mutual)
- Speed and Speed Limit FAQ (iihs.org)
- Young Drivers: The High Risk Years Video (iihs.org)
- Airbag FAQ (iihs.org)