Finding the cheapest insurance for your Chrysler 300 in Kentucky could be a painful process, but you can learn a few tricks and make it easy. There are more efficient ways to shop for car insurance and we’ll show you the quickest way to price shop coverage for a new or used Chrysler and find the best price possible from both online companies and Lexington agents.
It’s a great practice to compare prices periodically since rates tend to go up over time. Just because you found the lowest premium rates on Chrysler 300 insurance in Lexington a year ago you will most likely find a better price today. Ignore everything you know about car insurance because you’re going to learn the fastest and easiest way to find lower rates on car insurance.
Buying the cheapest auto insurance in Lexington is really quite easy. If you have insurance now or just want cheaper rates, you will benefit by learning to reduce the price you pay while maintaining coverages. Comparison shoppers only need an understanding of the most effective way to find the lowest price on the web.
How to lower your Chrysler 300 insurance cost in Lexington
The companies in the list below provide comparison quotes in Lexington, KY. If your goal is to find cheap auto insurance in KY, it’s a good idea that you compare several of them to get the most competitive price.
Here’s why auto insurance is not optional
Despite the potentially high cost of Chrysler 300 insurance, insuring your vehicle is required for several reasons.
- Just about all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability protection if you want to drive legally. 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.
- If your 300 has a loan, most lenders will stipulate that you buy insurance to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the lender may insure your Chrysler for a lot more money and make you pay the higher price.
- Insurance safeguards not only your car but also your financial assets. It will also pay for hospital and medical expenses that are the result of an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance more than offset the price you pay, especially if you ever need it. Despite what companies tell you, the average driver is currently overpaying as much as $750 every year so it’s important to compare rates each time the policy renews to ensure rates are inline.
Chrysler 300 detailed coverage information
The rate information displayed below outlines different insurance premium costs for Chrysler 300 models. Being aware of how insurance prices are determined is important to be able to make informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $180 | $344 | $314 | $18 | $94 | $950 | $79 |
| 300 Touring Plus 4-Dr Sedan | $180 | $344 | $314 | $18 | $94 | $950 | $79 |
| 300 Touring AWD 4-Dr | $180 | $344 | $314 | $18 | $94 | $950 | $79 |
| 300 S V6 4-Dr Sedan | $180 | $344 | $314 | $18 | $94 | $950 | $79 |
| 300 Touring Signature 4-Dr Sedan | $180 | $344 | $314 | $18 | $94 | $950 | $79 |
| 300 Touring Executive 4-Dr Sedan | $180 | $344 | $314 | $18 | $94 | $950 | $79 |
| 300 Touring Signature AWD 4-Dr | $202 | $396 | $314 | $18 | $94 | $1,024 | $85 |
| 300 Limited 4-Dr Sedan | $202 | $396 | $314 | $18 | $94 | $1,024 | $85 |
| 300 C 4-Dr Sedan | $202 | $396 | $314 | $18 | $94 | $1,024 | $85 |
| 300 S V8 4-Dr Sedan | $202 | $396 | $314 | $18 | $94 | $1,024 | $85 |
| 300 Limited AWD 4-Dr | $202 | $396 | $314 | $18 | $94 | $1,024 | $85 |
| 300 C AWD 4-Dr | $202 | $396 | $314 | $18 | $94 | $1,024 | $85 |
| 300 SRT-8 4-Dr Sedan | $202 | $396 | $314 | $18 | $94 | $1,024 | $85 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Price estimates do not factor in specific garaging location which can raise or lower auto insurance rates noticeably.
Choosing deductibles
One of the hardest decisions when shopping for auto insurance is how low should you set your deductibles. The premium rates below show how much more you’ll pay between low and high policy deductibles. The first rate estimation uses a $250 physical damage coverage deductible and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| 300 Touring Plus 4-Dr Sedan | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| 300 Touring AWD 4-Dr | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| 300 S V6 4-Dr Sedan | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| 300 Touring Signature 4-Dr Sedan | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| 300 Touring Executive 4-Dr Sedan | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| 300 Touring Signature AWD 4-Dr | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| 300 Limited 4-Dr Sedan | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| 300 C 4-Dr Sedan | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| 300 S V8 4-Dr Sedan | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| 300 Limited AWD 4-Dr | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| 300 C AWD 4-Dr | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| 300 SRT-8 4-Dr Sedan | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| 300 Touring Plus 4-Dr Sedan | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| 300 Touring AWD 4-Dr | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| 300 S V6 4-Dr Sedan | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| 300 Touring Signature 4-Dr Sedan | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| 300 Touring Executive 4-Dr Sedan | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| 300 Touring Signature AWD 4-Dr | $258 | $466 | $326 | $20 | $98 | $1,168 | $97 |
| 300 Limited 4-Dr Sedan | $258 | $466 | $326 | $20 | $98 | $1,168 | $97 |
| 300 C 4-Dr Sedan | $258 | $466 | $326 | $20 | $98 | $1,168 | $97 |
| 300 S V8 4-Dr Sedan | $258 | $466 | $326 | $20 | $98 | $1,168 | $97 |
| 300 Limited AWD 4-Dr | $258 | $466 | $326 | $20 | $98 | $1,168 | $97 |
| 300 C AWD 4-Dr | $258 | $466 | $326 | $20 | $98 | $1,168 | $97 |
| 300 SRT-8 4-Dr Sedan | $258 | $466 | $326 | $20 | $98 | $1,168 | $97 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Estimates do not factor in Lexington location which can increase or decrease rates considerably.
We can derive from the above data that using a $250 deductible will cost in the ballpark of $15 more each month or $180 every year than choosing the higher $500 deductible. Because you would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally go at least 17 months between claim filings, you would more than likely save some money by selecting a higher deductible.
The chart below highlights how deductible choice and can affect Chrysler 300 premium costs for different insured age categories. The information is based on a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Difference between liability only and full coverage rates
The illustration below visualizes the comparison of Chrysler 300 insurance rates with full coverage compared to only the Kentucky minimum liability coverage. The price estimates are based on no claims, a clean driving record, $1,000 deductibles, drivers are not married, and no policy discounts are applied.
When to stop buying comprehensive and collision coverage
There is no exact rule that is best for determining when to drop physical damage insurance, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.
For example, let’s assume your Chrysler 300 book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $2,000 after paying your deductible. If you are paying in excess of $200 annually for full coverage, then you might consider buying liability only.
There are some cases where only buying liability is not recommended. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not remove full coverage.
Companies offer money-saving discounts on Chrysler 300 insurance in Lexington
Car insurance is neither fun to buy or cheap, but you might already qualify for some discounts to cut the cost considerably. Larger premium reductions will be automatically applied at the time of quoting, but a few must be asked for prior to receiving the credit.
- Drive Safe and Save – Drivers who don’t get into accidents may receive a discount up to 45% as compared to drivers with claims.
- Pay Now and Pay Less – By making one initial payment rather than paying in monthly installments you may have a lower total premium amount.
- Student in College – Older children who are attending college and don’t have a car may qualify for this discount.
- Drivers Ed for Students – Reduce the cost of insurance for teen drivers by having them take driver’s ed class if it’s offered in school.
- Lexington Homeowners Pay Less – Owning a house in Lexington can earn you a little savings because maintaining a house demonstrates responsibility.
- ABS Braking Discount – Vehicles that have steering control and anti-lock brakes have fewer accidents and will save you 10% or more on 300 insurance in Lexington.
- Auto/Life Discount – Larger insurance companies have a small discount if you purchase some life insurance in addition to your auto policy.
- Seat Belt Discounts – Requiring all passengers to buckle up could save 15% on the premium charged for medical payments and/or PIP.
- Active Service Discounts – Being deployed with a military unit may lower your prices slightly.
Policy discounts save money, but most of the big mark downs will not be given to your bottom line cost. Most only reduce individual premiums such as comprehensive or collision. Just because it seems like all those discounts means the company will pay you, that’s just not realistic.
The diagram below compares Chrysler 300 insurance costs with and without discounts applied to the premium. The data is based on a male driver, no claims or violations, Kentucky state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, claim-free, multi-policy, homeowner, and safe-driver discounts applied.
Some of the insurance companies who may offer these discounts include:
It’s a good idea to ask every insurance company to give you their best rates. Some of the earlier mentioned discounts may not be available everywhere. For a list of insurance companies who offer cheap Chrysler 300 insurance quotes in Lexington, follow this link.
When should I talk to an agent?
Some consumers just want to sit down and talk to an agent and that is a smart decision Insurance agents are very good at helping people manage risk and give you someone to call. One of the benefits of comparing rates online is the fact that drivers can get cheap rate quotes but also keep your business local.
To help locate an agent, after submitting this simple form, the coverage information is transmitted to local insurance agents who will give you bids for your coverage. You never need to visit any agencies because prices are sent directly to you. If you need to quote rates from one company in particular, feel free to search and find their rate quote page and complete a quote there.
Deciding on an insurance company needs to be determined by more than just a low price. The questions below may impact your decision as well.
- How experienced are they in personal risk management?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Are they giving you every discount you deserve?
- What insurance company do they write the most business with?
- Do you need full coverage on every vehicle?
- Will they give you a referral list?
- Do they reduce claim amounts on high mileage vehicles?
If you want a local agent, you must know there are a couple types of agencies and how they can service your needs differently. Insurance agents are categorized either independent or exclusive. Either type can write insurance policies, but it is a good idea to know the difference in how they write coverage since it can affect the kind of agent you use.
Exclusive Insurance Agencies
Exclusive agencies can usually just insure with one company and examples are State Farm, Allstate, and Farm Bureau. They are unable to provide other company’s prices so you might not find the best rates. Exclusive agents are usually well trained on their company’s products which aids in selling service over price. Consumers often buy from the same agent for years mainly due to high brand loyalty rather than having low rates.
Below is a list of exclusive insurance agents in Lexington who may provide you with comparison quotes.
- John Parkhurst – State Farm Insurance
1795 Alysheba Way #2104 – Lexington, KY 40509 – (859) 264-4422 – View Map - Allstate Insurance: Bryon Elkins
3101 Richmond Rd #311a – Lexington, KY 40509 – (859) 488-2531 – View Map - Wallace Barber – State Farm Insurance Agent
340 E New Cir Rd #120 – Lexington, KY 40505 – (859) 543-0300 – View Map
Independent Insurance Agents
Independent agents do not sell for just one brand so as a result can place your coverage with any number of different companies enabling the ability to shop coverage around. To transfer your coverage to a different company, an independent agent can move your coverage and you can keep the same agent.
When comparing insurance rates, you absolutely need to get several quotes from several independent agencies so that you can do a thorough price comparison. Most have the option of insuring with mutual insurance companies that may provide cheaper insurance rates.
Below are independent insurance agencies in Lexington who can help you get price quotes.
- Kent Smith Insurance / The Randolph Scott Agency
1025 Dove Run Rd #302 – Lexington, KY 40502 – (859) 225-5616 – View Map - Heritage Insurance Agency
3306 Clays Mill Rd #106 – Lexington, KY 40503 – (859) 219-1122 – View Map - Nationwide Insurance: Bryan Joseph Mitchell Agency
252 E Third St – Lexington, KY 40508 – (859) 293-2253 – View Map
Best car insurance in Kentucky
Selecting the top company can be rather challenging considering how many companies provide coverage in Lexington. The information below could help you choose which companies to look at comparing rates with.
Top 10 Lexington Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%
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
Frequent quotes can save
As you quote Lexington car insurance, it’s very important that you do not reduce needed coverages to save money. There have been many situations where drivers have reduced physical damage coverage to discover at claim time that the savings was not a smart move. Your focus should be to buy the best coverage you can find for the lowest price and still be able to protect your assets.
Insureds who switch companies do it for any number of reasons including poor customer service, not issuing a premium refund, delays in paying claims or lack of trust in their agent. It doesn’t matter what your reason, finding a great new company is easier than you think.
We just showed you a lot of tips how to reduce Chrysler 300 insurance car insurance rates online in Lexington. It’s most important to understand that the more you quote Lexington car insurance, the higher your chance of finding low cost Lexington car insurance quotes. You may even find the lowest priced insurance comes from the smaller companies.
Steps to finding affordable Chrysler 300 insurance in Lexington
The easiest way to find better pricing on Chrysler 300 insurance in Lexington is to begin comparing prices regularly from different companies in Kentucky.
- Learn about the coverage provided by your policy and the things you can change to keep rates in check. Many risk factors that increase rates such as traffic tickets, fender benders, and poor credit history can be controlled by making small lifestyle or driving habit changes.
- Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like Progressive or State Farm, while independent agents can give you price quotes from multiple companies. View companies
- Compare the price quotes to the price on your current policy to see if a cheaper rate is available in Lexington. If you can save some money and make a switch, make sure coverage is continuous and does not lapse.
An important bit of advice to remember is to try to use the same deductibles and limits on each price quote and and to get prices from as many different companies as possible. Doing this ensures a level playing field and the most accurate and complete price analysis.
Much more information about insurance in Kentucky is available below:
- Safe Vehicles for Teens (iihs.org)
- Who Has Affordable Lexington Auto Insurance Quotes for Uninsured Drivers? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Government Employees in Lexington? (FAQ)
- Who Has Cheap Auto Insurance Rates for a Toyota Highlander in Lexington? (FAQ)
- Who Has Cheap Lexington Car Insurance for Seniors? (FAQ)
- Who Has Cheap Auto Insurance Rates for Veterans in Lexington? (FAQ)
- How Much is Lexington Auto Insurance for 4×4 Vehicles? (FAQ)
- Who Has Cheap Auto Insurance for a Chevrolet Silverado in Lexington? (FAQ)
- How Much is Auto Insurance for 16 Year Olds in Lexington? (FAQ)
- How Much is Lexington Auto Insurance for Young Drivers? (FAQ)
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)