For veterans, one of the big components that help determine insurance cost is where you keep your car. Areas with high crime rates or more dense population tend to have more expensive car insurance rates, whereas areas with less crime or weather claims have the benefit of cheaper auto insurance prices.
The following table ranks the most expensive areas in Kentucky for veterans to purchase a policy in. Lexington is ranked #19 with the annual price of $1,514 for the average policyholder, which is approximately $126 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Louisville | $2,112 |
| 2 | Frankfort | $1,795 |
| 3 | Ashland | $1,707 |
| 4 | Jeffersontown | $1,685 |
| 5 | Saint Matthews | $1,643 |
| 6 | Elizabethtown | $1,611 |
| 7 | Madisonville | $1,600 |
| 8 | Radcliff | $1,590 |
| 9 | Paducah | $1,583 |
| 10 | Winchester | $1,563 |
| 11 | Henderson | $1,557 |
| 12 | Georgetown | $1,551 |
| 13 | Murray | $1,549 |
| 14 | Danville | $1,534 |
| 15 | Covington | $1,532 |
| 16 | Hopkinsville | $1,523 |
| 17 | Richmond | $1,520 |
| 18 | Nicholasville | $1,519 |
| 19 | Lexington | $1,514 |
| 20 | Florence | $1,485 |
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Rate quotes are estimated as specific location information can change coverage prices significantly.
Finding reliable, cheap insurance is not always easy, and determining which insurers offer the best car insurance rates for veterans calls for even more perseverance. Each auto insurance company uses their own formula for determining rates, so we need to take a look at the car insurance companies with the overall best prices in Lexington.
We do need to point out that Kentucky car insurance rates are influenced by many factors that may substantially change the cost of a policy. Price variation is why it is important to compare rates when trying to get the lowest auto insurance quotes for veterans. Rates are determined by many factors and can increase or decrease at any time, so the best option the last time you checked may now be wasting a lot of money.
Best Car Insurance Prices for Vets
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,115 |
| 2 | Kentucky Farm Bureau | $1,139 |
| 3 | USAA | $1,187 |
| 4 | Auto-Owners | $1,357 |
| 5 | Motorists Mutual | $1,553 |
| 6 | Grange Mutual | $1,625 |
| 7 | Travelers | $1,631 |
| 8 | State Farm | $1,848 |
| 9 | Westfield | $1,870 |
| 10 | Safe Auto | $1,913 |
| 11 | Nationwide | $2,024 |
| 12 | Electric | $2,076 |
| 13 | Progressive | $2,140 |
| 14 | State Auto | $2,166 |
| 15 | Encompass | $2,312 |
| 16 | GEICO | $2,365 |
| 17 | Safeco | $2,681 |
| 18 | Shelter | $3,135 |
| 19 | MetLife | $3,146 |
| 20 | Liberty Mutual | $3,634 |
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Cincinnati Insurance generally has some of the most affordable car insurance rates in Lexington at around $1,115 each year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also rank well as some of the most economical Lexington, KY car insurance companies.
In the rate table above, if you are a customer of Motorists Mutual and switched to Kentucky Farm Bureau, you could realize a yearly savings of roughly $414. Insureds with Grange Mutual may save as much as $486 a year, and Travelers policyholders might see rate reductions of $492 a year.
Remember that these policy prices are averages for all drivers and vehicles and and are not calculated with a specific zip code for veterans. So the auto insurance company that can offer you the lowest price may not even be in the top 21 companies shown above. That underscores the importance of why you need to get car insurance quotes using your own driver data and vehicle information.
Ending up with the right insurance company is difficult considering how many different companies insure vehicles in Kentucky. The company information below could help you select which providers you want to consider when shopping your coverage around.
These rankings are only comprised of companies that insure vehicles nationwide, so companies that have a smaller presence are not taken into consideration for the list. To view rates from many more Kentucky auto insurance companies, click here.
| 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
Get discounts on Lexington car insurance rates
Insurance companies that offer coverage for veterans may have special discounts that can lower rates by 35% or more if you meet eligibility requirements. Larger car insurance companies and some of the discounts are:
- State Farm offers discounts for safe vehicle, multiple autos, accident-free, defensive driving training, driver’s education, and passive restraint.
- GEICO has savings for defensive driver, multi-vehicle, anti-theft, membership and employees, five-year accident-free, multi-policy, and air bags.
- Liberty Mutual may have discounts that include multi-policy, good student, new vehicle discount, new move discount, newly retired, new graduate, and newly married.
- The Hartford policyholders can earn discounts including bundle, anti-theft, good student, air bag, vehicle fuel type, driver training, and defensive driver.
- MetLife may offer discounts for accident-free, good student, defensive driver, multi-policy, claim-free, and good driver.
- Progressive offers discounts including multi-vehicle, continuous coverage, multi-policy, online quote discount, good student, homeowner, and online signing.
The chart below shows the comparison of auto insurance rates with and without discounts applied to the policy rates. The premiums assume a female driver, no tickets, no at-fault accidents, Kentucky state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with multiple vehicle, vehicle safety, homeowner, defensive driving course, safe-driver, and multiple policy discounts applied. With discounts applied, theaverage amount saved on car insurance for veterans is 28% or $408.
The information below highlights how deductible selection can affect premium costs when researching cheap insurance for veterans. The premiums are based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.
The chart above illustrates that a 30-year-old driver could pocket $362 a year by changing from a $100 deductible to a $500 deductible, or save $546 by selecting a $1,000 deductible. Even younger insureds, like the 20-year-old category, can cut up to $770 each year by selecting a higher deductible.
When choosing a higher deductible, it is a good idea to have spare funds to offset the extra out-of-pocket expense, which deters some people from using high deductibles.
How to find economical auto insurance for veterans
It’s not impossible to find cheaper rates, and here are some of the better money-saving suggestions that can help Kentucky drivers quote more affordable auto insurance.
- Drive vehicles with five-star safety ratings
- Save money by obeying traffic laws and keeping a clean driving record
- Drivers with good credit often pay less
- Increase deductibles to save money
- Prevent rate increases by staying accident-free
- Compare rates and switch if you can find a better deal
The last idea is incredibly crucial, as we emphasized in the article above. Coverage rates change a lot, so don’t be hesitant to switch carriers if a lower price can be found.
Having brand loyalty is commendable, but it’s not a good idea if it’s costing you a small fortune year after year. If you have a few minutes, compare rates and find cheaper insurance for veterans in Lexington.
If you aren’t sure which coverage you need and prefer to get some help when trying to find the best insurance rates for veterans, the insurance agencies below can probably aid you in deciding which coverages you need.
To find a Lexington insurance agency by location nearest to you, click the button link following the list.
- Jeff Briggs – State Farm Insurance Agent
449 Lewis Hargett Cir #150 – Lexington, KY 40503 – (859) 273-8512 - Keystone Sills Insurance Agency
210 Malabu Dr – Lexington, KY 40502 – (859) 276-1881 - Cambridge Insurance
2300 Regency Road – Lexington, KY 40503 – (859) 252-0381 - Nationwide Insurance: Turner Ins Group LLC
3320 Clays Mill Rd #211 – Lexington, KY 40503 – (859) 219-0972