Find Affordable Toyota Yaris Insurance in Lexington

Trying to find low-cost insurance for a Toyota Yaris in Kentucky can normally be difficult, but you can use the following methods to make it easier.

There is a better way to shop for insurance and you need to know the absolute fastest way to compare rates on a Toyota and obtain the best price possible from Lexington insurance agents and online providers.

It’s a fact that insurance companies don’t want you quoting rates from other companies. Drivers who shop around at least once a year are very likely to move their business because the odds are good of finding a lower rate. A recent insurance study discovered that people who compared rates regularly saved $3,450 over four years compared to those who don’t make a habit of comparing rates.

If finding budget-friendly insurance in Lexington is your goal, then knowing the best way to shop and compare cheaper coverage can make it easier to find better rates.

How to buy Toyota Yaris insurance in Lexington, KY

Getting a cheaper price on insurance is not a difficult process. You just need to take a few minutes comparing rates to find the company with inexpensive Lexington car insurance quotes.

The companies shown below are our best choices to provide price quotes in Kentucky. To get cheap car insurance in Lexington, it’s a good idea that you compare several of them to get the lowest price.

These six discounts can lower your car insurance quotes

Properly insuring your vehicles can get expensive, but you might already qualify for some discounts to cut the cost considerably. Many of these discounts will be applied automatically at quote time, but some need to be manually applied prior to getting the savings.

• Discount for Life Insurance – Not all companies offer life insurance, but some may give you lower rates if you buy auto and life insurance together.
• Multi-policy Discount – If you have multiple policies with the same company you could save up to 20% off your total Yaris insurance premium.
• Mature Driver Discount – Seniors can possibly qualify for reduced rates.
• New Vehicle Savings – Putting coverage on a new Yaris can save you some money since new model year vehicles are generally safer.
• Passive Restraints – Vehicles equipped with air bags may get savings of 20 to 30 percent.
• Anti-theft System – Cars, trucks, and SUVs with anti-theft systems prevent vehicle theft and will qualify for a discount on a Lexington car insurance quote.

As a disclaimer on discounts, some of the credits will not apply to the whole policy. Some only reduce individual premiums such as comp or med pay. So when the math indicates adding up those discounts means a free policy, you’re out of luck.

The information below shows the comparison of Toyota Yaris premium costs with and without discounts applied. The data assumes a female driver, no violations or accidents, Kentucky state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, homeowner, claim-free, multi-policy, and multi-car discounts applied.

Companies and a selection of discounts are included below.

• Progressive offers discounts for good student, homeowner, continuous coverage, multi-vehicle, and multi-policy.
• GEICO may have discounts that include seat belt use, military active duty, driver training, membership and employees, emergency military deployment, multi-vehicle, and anti-theft.
• State Farm has discounts for multiple autos, safe vehicle, multiple policy, Drive Safe & Save, and Steer Clear safe driver discount.
• Esurance has savings for Pac-12 alumni, renters, anti-theft, homeowner, safety device, DriveSense, and emergency road assistance.
• The Hartford discounts include good student, air bag, defensive driver, anti-theft, and vehicle fuel type.

If you need lower rates, check with every prospective company to apply every possible discount. All car insurance discounts might not be offered on policies in Lexington. For a list of companies who offer free Toyota Yaris insurance quotes in Kentucky, click here.

Rates and data analysis

The premium table displayed next showcases different coverage costs for Toyota Yaris models. Being more informed about how premiums are established can be valuable when making smart choices when buying a car insurance policy.

Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Price information does not factor in specific garaging location which can lower or raise premium rates considerably.

Auto insurance deductibles

When buying auto insurance, a common question is which deductibles should you choose. The rates below sum up the cost difference when you select higher and lower coverage deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second price chart uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rate information does not factor in the specific area where the vehicle is garaged which can modify prices greatly.

Based on the figures above, using a $250 deductible would cost the average driver about $13 more each month or $156 each year than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at a minimum 19 months between claim filings, you would more than likely save some money by selecting a higher deductible.

The diagram below shows how choosing a deductible and can influence Toyota Yaris yearly insurance costs for different age groups. The premium estimates are based on a married female driver, full coverage, and no discounts are applied to the premium.

Irresponsible driving raises your rates

The chart below illustrates how traffic citations and at-fault collisions increase Toyota Yaris auto insurance costs for different categories of driver ages. Data assumes a single male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

Does it make sense to buy full coverage?

The example below compares Toyota Yaris car insurance rates with full coverage compared to only the Kentucky minimum liability coverage. Data assumes a clean driving record, no claims, $250 deductibles, single status, and no discounts are applied.

Should you pay for full coverage or liability only?

There isn’t a steadfast formula of when to phase out comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s say your Toyota Yaris replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $6,000 after paying your deductible. If it’s costing you more than $600 a year for physical damage coverage, then you might consider buying liability only.

There are some cases where removing full coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Best car insurance in Lexington

Buying coverage from a good quality insurer is hard considering how many companies there are to choose from in Lexington. The information listed below could help you choose which providers you want to consider purchasing a policy from.

Top 10 Lexington Car Insurance Companies Overall

1. Travelers
2. USAA
3. AAA Insurance
4. Nationwide
5. Allstate
6. State Farm
7. The Hartford
8. Safeco Insurance
9. Progressive
10. American Family

Top 10 Lexington Car Insurance Companies Ranked by Customer Service

1. USAA
2. Travelers
3. AAA Insurance
4. Nationwide
5. Safeco Insurance
6. Progressive
7. State Farm
8. The Hartford
9. The General
10. Esurance