If you’ve never shopped for Lexington auto insurance quotes online, you can be bewildered thanks to the incredible selection of companies competing for your business.
It’s hard to fathom, but the vast majority of drivers kept buying from the same company for a minimum of four years, and almost 40% of drivers have never even compared quotes to find cheap rates. Most drivers in Lexington could save $600 a year by just shopping around, but they just don’t understand how easy it is to do a rate comparison.
If you currently have car insurance, you will most likely be able to save money using this information. The purpose of this post is to help you learn the best ways to compare prices and also pocket some savings But Kentucky car owners need to learn the methods companies use to charge you for coverage and use it to find better rates.
Low Cost companies for Ford Ranger insurance in Kentucky
The companies shown below can provide price comparisons in Kentucky. In order to find cheap car insurance in Lexington, we recommend you click on several of them to get the best price comparison.
Insurance coverage details
The data table shown next outlines different policy rates for Ford Ranger models. Being more informed about how insurance policy premiums are calculated can help you make decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ranger XL 2WD | $162 | $354 | $314 | $18 | $94 | $942 | $79 |
| Ranger XL SuperCab 2WD | $190 | $354 | $314 | $18 | $94 | $970 | $81 |
| Ranger XLT 2WD | $190 | $354 | $314 | $18 | $94 | $970 | $81 |
| Ranger XL 2WD | $190 | $354 | $314 | $18 | $94 | $970 | $81 |
| Ranger XL SuperCab 4WD | $190 | $354 | $314 | $18 | $94 | $970 | $81 |
| Ranger XLT SuperCab 2WD | $190 | $432 | $314 | $18 | $94 | $1,048 | $87 |
| Ranger Sport SuperCab 2WD | $190 | $432 | $314 | $18 | $94 | $1,048 | $87 |
| Ranger Sport SuperCab 4WD | $190 | $432 | $314 | $18 | $94 | $1,048 | $87 |
| Ranger XLT SuperCab 4WD | $190 | $432 | $314 | $18 | $94 | $1,048 | $87 |
| Ranger Sport SuperCab 2WD | $190 | $432 | $314 | $18 | $94 | $1,048 | $87 |
| Ranger XLT SuperCab 2WD | $190 | $432 | $314 | $18 | $94 | $1,048 | $87 |
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Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Estimates do not factor in specific location information which can increase or decrease premiums significantly.
The example below demonstrates how deductible levels and can impact Ford Ranger yearly insurance costs for different ages of insureds. The data assumes a single male driver, comprehensive and collision coverage, and no policy discounts are applied.
How careless driving impacts Lexington car insurance rates
The chart below demonstrates how traffic citations and at-fault accidents can raise Ford Ranger premium costs for different age categories. The prices are based on a married male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
Liability only or full coverage
The illustration below illustrates the comparison of Ford Ranger auto insurance rates with liability coverage only compared to full coverage. The data is based on no claims or driving citations, $500 deductibles, drivers are not married, and no policy discounts are applied.
When to stop buying comprehensive and collision coverage
There is no specific rule to delete full coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let’s assume your Ford Ranger claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after paying your deductible. If you are paying in excess of $200 annually for full coverage, the it may be a good time to stop paying for full coverage.
There are some situations where removing full coverage is not financially feasible. If you haven’t paid off your loan, you have to carry full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Choices You Make Can Impact Your Insurance Costs
Consumers need to have an understanding of some of the things that aid in calculating the level of your policy premiums. If you have some idea of what controls the rates you pay, this enables you to make decisions that could result in much lower annual insurance costs.
- Only buy coverage you need – There are quite a few extra bells and whistles that may not really be needed on your car insurance policy. Add-on coverages like rental car reimbursement, high-cost glass coverage, and additional equipment coverage are some examples. These may sound like a good investment at first, but if they’re wasting money get rid of them and save.
- Use credit responsibly and save – Having a bad credit score can be an important factor in determining what you pay. Therefore, if your credit is lower than you’d like, you could pay less to insure your Ford Ranger by spending a little time repairing your credit. Consumers who have high credit ratings tend to be better drivers and file fewer claims than those with lower credit ratings.
- Having a spouse can save you money – Having a spouse can actually save you money on car insurance. Having a significant other may mean you are more mature and responsible it has been statistically shown that drivers who are married file infrequent claims.
- Low mileage costs less – The more you drive every year the higher the price you pay to insure it. Almost all companies price each vehicle’s coverage based upon how much you drive. Vehicles left parked in the garage receive better premium rates than vehicles that have high annual mileage. An incorrectly rated Ranger may be wasting your money. Verify your policy states the proper vehicle usage, because it can save money.
Cheaper rates by taking advantage of discounts
Insurance can be prohibitively expensive, but you might already qualify for some discounts that you may not even know about. Certain credits will be shown when you quote, but less common discounts must be specifically requested in order for you to get them.
- Claim Free – Insureds who avoid accidents and claims can save substantially in comparison to insureds who have frequent claims or accidents.
- Senior Citizen Rates – If you’re over the age of 55, you could receive lower premium rates.
- Accident Forgiveness – This one is not really a discount per se, but some insurance companies will forgive one accident without the usual rate increase if you are claim-free for a specific time period.
- Full Payment Discount – By paying your entire bill at once rather than spreading payments over time you could save up to 5%.
- Telematics Discount – People who choose to allow driving data submission to scrutinize driving patterns by using a telematics device in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates if they exhibit good driving behavior.
- Air Bag Discount – Vehicles equipped with air bags or motorized seat belts could see savings of more than 20%.
- Life Insurance – Not every insurance company offers life insurance, but if they do you may earn lower prices if you buy a life policy as well.
- Anti-theft Discount – Vehicles optioned with advanced anti-theft systems help deter theft and will save you 10% or more on Ranger insurance in Lexington.
- Employee of Federal Government – Federal government employees could cut as much as 10% off depending on your company.
Policy discounts save money, but some credits don’t apply to the entire policy premium. Some only reduce specific coverage prices like liability and collision coverage. Despite the fact that it seems like adding up those discounts means a free policy, you aren’t that lucky. Any amount of discount will positively reduce the amount you pay for coverage.
The example below shows the difference between Ford Ranger car insurance costs with and without discounts applied. The premium estimates are based on a female driver, no claims, a clean driving record, Kentucky state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, safe-driver, multi-policy, marriage, and homeowner discounts applied.
If you would like to choose from a list of insurance companies offering insurance discounts in Lexington, follow this link.
Shop online but buy locally
A lot of people just want to go talk to an agent and that is a smart decision The best thing about comparing auto insurance online is you can get lower car insurance rates but still work with a licensed agent.
By using this simple form, your insurance data is immediately sent to local insurance agents who will give you quotes and help you find cheaper coverage. There is no reason to contact any insurance agencies since rate quotes are delivered to the email address you provide. You can find lower rates AND an agent nearby. If you wish to get a price quote from a specific insurance company, you can always visit that company’s website and complete a quote there.
Deciding on an insurance company is decision based upon more than just the price. Any agent in Lexington should be forthright in answering these questions:
- Are they actively involved in the community?
- How much can you save by raising your physical damage deductibles?
- Which companies do they recommend if they are an independent agency?
- How will an accident affect your rates?
- Do they specialize in personal lines coverage in Lexington?
- Can they help ensure a fair claim settlement?
- Will a damage claim use OEM or aftermarket replacement parts?
- Is the agent properly licensed in Kentucky?
If you would like to find a local Lexington insurance agent, it’s helpful to know the types of agencies and how they operate. Agencies in Lexington can either be exclusive or independent agents depending on their company appointments.
Exclusive Auto Insurance Agencies
Exclusive agencies can only provide one company’s prices like Farmers Insurance, State Farm, or Allstate. These agents are not able to provide rate quotes from other companies so they really need to provide good service. Exclusive insurance agents are usually quite knowledgeable on what they offer which helps them sell insurance even at higher premiums. Some people will only buy insurance from these agents mostly because of the brand name and the convenience of having a single billing for all their coverages.
The following are Lexington exclusive insurance agencies who can help you get price quote information.
- State Farm: Mike Brownell
501 Darby Creek Rd – Lexington, KY 40509 – (859) 543-8454 – View Map - Jeff Briggs – State Farm Insurance Agent
449 Lewis Hargett Cir #150 – Lexington, KY 40503 – (859) 273-8512 – View Map - Stewart Perry – State Farm Insurance Agent
2128 Nicholasville Rd – Lexington, KY 40503 – (859) 277-7195 – View Map
Independent Auto Insurance Agents
Independent agents do not write with just one company so they have the ability to put coverage with any number of different companies and find you cheaper rates. If your agent finds better pricing, they simply move the coverage in-house and that require little work on your part. When shopping rates, it’s recommended you get several quotes from independent agents to ensure the widest selection of prices. Many write coverage with smaller regional carriers which could offer lower prices.
Shown below are Lexington independent agencies willing to provide price quote information.
- Carroll and Stone Insurance Services
4384 Clearwater Way – Lexington, KY 40515 – (859) 269-1044 – View Map - Triad Insurance Agency, Inc.
1216 S Broadway – Lexington, KY 40504 – (859) 255-0806 – View Map - Al Jones Insurance Agency
274 Southland Dr, Suite #106A – Lexington, KY 40503 – (859) 276-0400 – View Map
If you get good feedback to any questions you have and locked in a price quote, it’s possible that you found an insurance agency that meets the requirements to properly insure your vehicles.
Best auto insurance in Lexington
Picking the highest-rated car insurance provider can be a challenge considering how many choices drivers have in Lexington. The company rank data in the lists below may help you choose which auto insurance companies you want to consider comparing rates with.
Top 10 Lexington Car Insurance Companies Overall
- Travelers
- USAA
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
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
There’s no such thing as the perfect auto insurance policy
When choosing adequate coverage, there really isn’t a cookie cutter policy. Each situation is unique.
These are some specific questions might help in determining if your insurance needs might need professional guidance.
- Does liability extend to a camper or trailer?
- What are good deductibles for a Ford Ranger?
- Do I get a pro-rated refund if I cancel my policy early?
- What is an adequate liability insurance limit?
- Is my teenager covered with friends in the car?
- Why am I required to buy liability insurance?
- Which companies will insure me after a DUI?
- When do I need to add a new car to my policy?
- Are rock chip repairs covered?
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an agent. To find an agent in your area, simply complete this short form.
Smart consumers save more
Cheap Ford Ranger insurance in Lexington is possible on the web and from local agencies, and you need to price shop both to get a complete price analysis. Some companies do not provide online quoting and these regional carriers work with independent agents.
In this article, we presented a lot of tips how to reduce Ford Ranger insurance premium rates online in Lexington. The most important thing to understand is the more providers you compare, the better chance you’ll have of finding affordable Ford Ranger insurance quotes. You may even discover the lowest priced car insurance comes from a small mutual company.
As you quote Lexington auto insurance, don’t be tempted to buy lower coverage limits just to save a few bucks. There have been many cases where an insured cut collision coverage and learned later that they should have had better coverage. The goal is to buy a smart amount of coverage at the best cost and still be able to protect your assets.
Steps to finding lower priced Ford Ranger insurance in Lexington
If you want to save money, the best way to find cheaper auto insurance rates in Lexington is to do a yearly price comparison from insurance carriers who can sell car insurance in Kentucky.
First, try to comprehend how your policy works and the things you can control to prevent expensive coverage. Many risk factors that result in higher rates like distracted driving and poor credit rating can be amended by making minor driving habit or lifestyle changes.
Second, obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can provide rates from one company like GEICO or State Farm, while independent agencies can provide rate quotes from multiple companies. Compare rates
Third, compare the quotes to the premium of your current policy and determine if cheaper Ranger coverage is available. If you find a lower rate and make a switch, make sure coverage does not lapse between policies.
Fourth, provide adequate notice to your current company to cancel your current policy. Submit a completed policy application and payment for your new coverage. Once received, keep your new proof of insurance paperwork with the vehicle registration.
The most important part of this process is to try to compare identical deductibles and limits on each quote and and to get rate quotes from as many companies as you can. This enables an apples-to-apples comparison and a good representation of prices.
To read more, feel free to browse the following helpful articles:
- What to do at the Scene of an Accident (Insurance Information Institute)
- What Auto Insurance is Cheapest for a Chevrolet Equinox in Lexington? (FAQ)
- Who Has Cheap Auto Insurance for a Ford Fusion in Lexington? (FAQ)
- How Much are Auto Insurance Rates for Immigrants in Lexington? (FAQ)
- Your Car has been Stolen: Now What? (Allstate)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
- Teen Driver Statistics (Insurance Information Institute)
- Car Insurance: When not to Skimp (BankRate.com)