The words “affordable” and “auto insurance” really should not be used together, in particular when shopping around for the best car insurance rates for drivers under 21. To help control this cost, let’s lead off by showing you some situations that significantly impact auto insurance prices, and see if we can help you take the bite out of the next policy you buy.
The make and model of vehicle driven is probably the biggest factor when comparing the best car insurance for drivers under 21. Vehicles with lower acceleration and performance, excellent safety ratings, or a low likelihood of having liability claims will cost much less to insure than adrenaline junky models. The next table outlines coverage rates for a selection of the more affordable automobiles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $2,668 |
| Hyundai Elantra GLS Touring Station Wagon | $2,673 |
| Honda CR-V EX-L 4WD | $2,697 |
| Toyota Prius | $2,908 |
| Toyota Tacoma 2WD | $3,138 |
| Honda Odyssey EX W/Rear Entertainment | $3,143 |
| Chevrolet Impala LS | $3,138 |
| GMC Sierra SLE Crew Cab 2WD | $3,166 |
| Toyota Camry LE | $3,175 |
| Chevrolet Equinox LT AWD | $3,166 |
| Toyota RAV4 2WD | $3,173 |
| Ford Explorer Limited AWD | $3,197 |
| Dodge Grand Caravan Crew | $3,203 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $3,291 |
| Toyota Corolla XLE | $3,347 |
| Start Your Quote Go | |
Cost estimates assume single female driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in vehicle garaging location which can decrease or increase prices noticeably.
Based upon these rates, you can figure that vehicles like the Ford Escape, Hyundai Elantra, Honda CR-V, Toyota Prius, and Toyota Tacoma should be the cheaper vehicles to insure for minors. The price for car insurance will tend to be higher just because there is a higher risk for drivers under 21, but in general those vehicles will tend to have the cheapest car insurance rates available.
One of the many considerations that are used to help calculate the amount you pay for auto insurance is where your car is garaged. Regions with larger populations or more claims tend to have higher rates, whereas more rural areas have the enjoyment of a little cheaper coverage.
The table below shows the highest-priced places in Kentucky for drivers under 21 to buy car insurance in. Lexington ranks #23 with a yearly premium of $1,454 on average, which is approximately $121 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Louisville | $2,112 |
| 2 | Frankfort | $1,725 |
| 3 | Ashland | $1,707 |
| 4 | Saint Matthews | $1,694 |
| 5 | Jeffersontown | $1,685 |
| 6 | Madisonville | $1,616 |
| 7 | Murray | $1,613 |
| 8 | Radcliff | $1,590 |
| 9 | Paducah | $1,583 |
| 10 | Elizabethtown | $1,563 |
| 11 | Georgetown | $1,551 |
| 12 | Danville | $1,549 |
| 13 | Hopkinsville | $1,538 |
| 14 | Henderson | $1,511 |
| 15 | Nicholasville | $1,504 |
| 16 | Winchester | $1,501 |
| 17 | Richmond | $1,490 |
| 18 | Covington | $1,487 |
| 19 | Florence | $1,485 |
| 20 | Erlanger | $1,478 |
| 21 | Bowling Green | $1,461 |
| 22 | Fort Thomas | $1,455 |
| 23 | Lexington | $1,454 |
| 24 | Independence | $1,436 |
| 25 | Owensboro | $1,376 |
| Compare Prices Now Go | ||
Price information shown is comparative as the specific Lexington residence address can impact rates greatly.
Get discount Lexington car insurance
Insurance companies that provide policies for drivers under 21 may also give you premium discounts that can lower rates by as much as 35% or more if you qualify. A list of car insurance companies and a selection of discounts are included below.
- Progressive has savings for homeowner, online signing, multi-policy, online quote discount, multi-vehicle, and good student.
- GEICO discounts include driver training, defensive driver, emergency military deployment, air bags, and military active duty.
- State Farm may include discounts for good driver, anti-theft, safe vehicle, multiple policy, Drive Safe & Save, driver’s education, and multiple autos.
- Esurance offers discounts including claim free, Switch & Save, Pac-12 alumni, multi-policy, and anti-theft.
- The Hartford policyholders can earn discounts including driver training, anti-theft, good student, vehicle fuel type, and bundle.
The illustration below illustrates the comparison of yearly insurance costs with and without discounts applied to the rates. The information is based on a female driver, no tickets, no at-fault accidents, Kentucky state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with anti-theft, paperless filing, continuous coverage, good student, paid-in-full, and vehicle safety discounts applied. When taking advantage of discounts, theamount saved on car insurance for drivers under 21 is 28% or $673.
Bad driving habits will cost you more
A great way to receive cheap car insurance premiums for minors is to drive carefully and not have accidents or get tickets. The chart below highlights how traffic violations and at-fault fender-benders impact auto insurance costs for different categories of driver ages. The data assumes a single female driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
The data charted above shows the average cost of a car insurance policy per year with no violations or accidents is $1,769. Receive one speeding ticket and the average cost surges to $2,009, an increase of $240 each year. Next add one accident along with the one speeding ticket and the 12-month cost of car insurance for drivers under 21 jumps again to an average of $2,671. That’s an increase of $902, or $75 per month, just for not driving attentively!
Buying coverage from the highest-rated company is hard considering how many companies there are in Lexington. The rank data in the next section could help you select which providers to look at when comparing auto insurance rates for drivers under 21. The ratings below only include the largest companies in America, so companies without a large exposure will not be included in these rankings.
Top 10 Major Auto Insurers in Lexington Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Erie Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
- Allstate – A+
Top 10 Major Auto Insurers in Lexington Ranked by Claims Service
- Travelers
- Allstate
- Nationwide
- State Farm
- GEICO
- Liberty Mutual
- American Family
- Esurance
- AAA Insurance
- The Hartford
How to find cheaper auto insurance for drivers under 21
Here are some of the better thrifty solutions that can help Lexington drivers find lower-cost coverage.
- Don’t have frequent claims
- Higher deductibles save money
- Maintain a safe distance and avoid accidents
- Do not waste money insuring older vehicles for full coverage
- Keep your driving record clean
- Shop around and save
That last tip is extraordinarily important, as was stressed in the prior article. Coverage rates vary considerably, so you should be ready to buy from a different company if a more affordable rate is found.
Many consumers stick with the same company and that’s fine, but is isn’t recommended if that loyalty results in overpaying money that could be going to better use. Take a few minutes and compare rates to find cheaper car insurance for drivers under 21 in Lexington.
The insurance agents in Lexington listed below can probably answer your questions and help you decide which is the best policy, since lots of people like to get some professional advice when buying car insurance for drivers under 21. It’s not always simple to find the best policy yourself, and a professional agent can add peace of mind knowing your policy gives you adequate coverage when you need it most.
To locate a Lexington car insurance agency close to you, click the button following the list or click here to compare rates now.
- Allstate Insurance: Mike Ison
2121 Richmond Rd Ste 145 – Lexington, KY 40502 – (859) 268-8850 - Neely Taylor-Wade Insurance
133 Walton Ave – Lexington, KY 40508 – (859) 233-7855 - Howard Shelton State Farm
2614 Richmond Road – Lexington, KY 40509 – (859) 266-6640 - State Farm: Mike Brownell
501 Darby Creek Rd – Lexington, KY 40509 – (859) 543-8454 - Stewart Perry – State Farm Insurance Agent
2128 Nicholasville Rd – Lexington, KY 40503 – (859) 277-7195