Compare Saab 9-5 Insurance Rates in Lexington

Do you want lower-priced Saab 9-5 insurance in Lexington? I can’t think of anyone who enjoys paying for auto insurance, especially when they are aware that they could get a better deal.

It’s hard to believe, but the vast majority of auto insurance customers kept buying from the same company for at least four years, and nearly half have never shopped around. Many consumers in Lexington could cut their rates by about $631 a year, but they don’t know how much money they would save if they bought a different policy.

Steps to finding low-cost Saab 9-5 insurance in Lexington

The recommended way to find discount Saab 9-5 insurance is to regularly compare quotes from providers in Lexington.

1. Get an understanding of how car insurance works and the changes you can make to prevent expensive coverage. Many policy risk factors that result in higher rates like traffic violations, accidents, and an imperfect credit rating can be improved by making minor changes in your lifestyle.
2. Request price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like Progressive or Farmers Insurance, while agents who are independent can quote prices for a wide range of insurance providers.
3. Compare the new rate quotes to your existing policy and see if you can save money. If you find a better price and buy the policy, verify that coverage does not lapse between policies.
4. Notify your company or agent to cancel your current policy and submit a signed application and payment for the new policy. Once received, keep your new proof of insurance paperwork in your vehicle.

An important note is to use similar limits and deductibles on each quote and and to get prices from as many companies as possible. This enables the most accurate price comparison and a complete price analysis.

Since you have so many companies to choose from that have affordable insurance for a Saab 9-5 in Lexington, it can be challenging to locate the right insurance company.

You should make it a habit to shop coverage around at least once a year since rates go up and down regularly. Despite the fact that you may have had the lowest premium rates on Saab 9-5 insurance in Lexington two years ago you can probably find a better price now. Block out anything you think you know about auto insurance because you’re going to learn the proper way to reduce your cost while increasing coverage.

Quoting and comparing rates for affordable protection in Lexington is simple if you know the tricks. Basically, each driver who quotes auto insurance will most likely be able to find lower rates. Although Kentucky consumers must learn how big insurance companies sell online and use it to your advantage.

Informed Drivers Know How to Quote Insurance for Less

It’s important that you understand some of the elements that come into play when calculating your policy premiums. If you have some idea of what influences your rates, this enables informed choices that could help you find cheaper rates. Many things are taken into consideration when you quote your car insurance policy. Most are fairly basic like your driving record, but others are more obscure such as whether you are married or your vehicle rating.

Get a ticket, pay higher costs – Attentive drivers get better rates compared to drivers with tickets. Having just one speeding ticket may increase your cost twenty percent or more. Drivers unfortunate enough to have dangerous violations such as reckless driving, hit and run or driving under the influence might be required by their state to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to legally drive a vehicle.

The example below demonstrates how speeding tickets and at-fault fender-benders can increase Saab 9-5 insurance premiums for each different age category. The premium estimates are based on a single female driver, comp and collision included, $500 deductibles, and no other discounts are factored in.

High insurance claims frequency drives up premiums – If you tend to file frequent claims, you shouldn’t be surprised to get either policy cancellation or increased premiums. Car insurance companies in Kentucky provide most affordable rates to people who do not file claims often. Your car insurance is intended to be relied upon for the large, substantial claims.

Good credit saves on insurance – Having a good credit score can be a huge factor in determining your rates. Consumers who have very good credit scores tend to be more responsible as compared to drivers with lower ratings. If your credit history is low, you may save money insuring your Saab 9-5 by improving your credit score.

Never allow your insurance policy to lapse – Having a lapse in insurance coverage will be a guaranteed way to increase your insurance rates. Not only will you pay higher rates, getting caught without coverage can result in a revoked license or a big fine.

Coverage statistics and figures

The rate information displayed next covers detailed analysis of insurance policy prices for Saab 9-5 models. Having a better idea how policy premiums are calculated can assist in making smart policy decisions.

Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Premium costs do not factor in Lexington location which can change prices considerably.

Deductible comparison

One of the more difficult decisions when buying insurance is at what level do you set your deductibles. The comparisons below determine the cost difference between high and low physical damage deductibles. The first set of rates uses a $100 physical damage deductible and the second price chart uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Table data does not factor in your specific Lexington location which can raise or lower coverage prices substantially.

Based on the figures above, using a $100 deductible will cost you roughly $31 more each month or $372 a year than quoting the higher $500 deductible. Since you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 13 months between claims, you would probably be better off if you choose the higher deductible.

Saab 9-5 annual premiums for males versus females

The chart below shows the comparison of Saab 9-5 car insurance costs for male and female drivers. The price estimates are based on no claims, a clean driving record, full coverage, $100 deductibles, drivers are single, and no discounts are applied to the premium.

Difference between liability only and full coverage rates

The example below visualizes the comparison of Saab 9-5 yearly insurance costs with full coverage compared to only the Kentucky minimum liability coverage. The rates are based on no claims, a clean driving record, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.

When to eliminate full coverage

There is no set guideline for eliminating full coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Saab 9-5 claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $3,000 after the policy deductible has been paid. If it’s costing in excess of $300 a year for physical damage coverage, then you might consider buying liability only.

There are a few cases where dropping physical damage coverage is not recommended. If you still owe a portion of the original loan, you have to keep full coverage in order to satisfy the requirements of 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 drop full coverage.

Affordable Saab 9-5 insurance rates in Lexington

Companies don’t always publicize every discount very clearly, so the following is a list of some of the best known and the more hidden credits that you can use to lower your rates. If they aren’t giving you every credit available, you’re just leaving money on the table.

• First Accident Forgiveness – Not a discount per se, but companies like GEICO, Progressive, and Allstate permit an accident before raising your premiums as long as you don’t have any claims for a particular time prior to the accident.
• Switch and Save Discount – A few auto insurance companies offer discounts for buying a policy prior to your current 9-5 insurance policy expiring. You can save around 10% with this discount.
• Student Driver Training – Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.
• Use Seat Belts – Buckling up and requiring all passengers to use their safety belts can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
• Discount for Good Grades – Performing well in school may save you up to 25%. You can use this discount normally well after school through age 25.
• Multiple Policy Discount – If you have multiple policies with the same insurance company they may give you a discount of approximately 10% to 15%.
• Homeowners Savings – Owning your own home or condo may earn you a small savings because it requires a higher level of personal finance.

You should keep in mind that some of the credits will not apply to the whole policy. Most only cut the cost of specific coverages such as medical payments or collision. Just because it seems like all those discounts means the company will pay you, nobody gets a free ride.

The chart below shows the comparison of Saab 9-5 insurance costs with and without policy discounts. The prices are based on a female driver, no claims or violations, Kentucky state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, marriage, multi-car, multi-policy, and safe-driver discounts applied.

To see a list of providers with the best discounts in Lexington, click here to view.

Frequent quotes can save

As you quote Lexington auto insurance, don’t be tempted to skimp on coverage in order to save money. There are too many instances where drivers have reduced comprehensive coverage or liability limits only to discover later that the few dollars in savings costed them thousands. The proper strategy is to buy a smart amount of coverage at an affordable rate, but don’t skip important coverages to save money.

We’ve covered many ideas to get a better price on Saab 9-5 insurance in Lexington. It’s most important to understand that the more price quotes you have, the higher your chance of finding inexpensive Lexington auto insurance quotes. Consumers could even find that the most savings is with a small mutual company. Regional companies may only write in your state and offer lower car insurance rates compared to the large companies like Allstate and Progressive.

How to find low-cost rates for Saab 9-5 insurance in Lexington

If your goal is the lowest price, then the best way to get discount auto insurance rates is to regularly compare price quotes from insurance carriers who provide auto insurance in Lexington. You can compare prices by completing these steps.

1. Try to learn a little about what coverages are included in your policy and the factors you can control to keep rates in check. Many things that cause rate increases such as getting speeding tickets and a substandard credit history can be improved by making minor changes to your lifestyle.
2. Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from a single company like GEICO and Allstate, while independent agencies can provide rate quotes for a wide range of companies.
3. Compare the new quotes to your existing coverage to see if switching to a new carrier will save money. If you can save some money, make sure there is no coverage gap between policies.
4. Provide written notification to your current company to cancel the current policy. Submit a completed policy application and payment to the new company. As soon as you can, keep the new proof of insurance paperwork with your vehicle’s registration.

An important part of this process is that you’ll want to compare the same amount of coverage on every quote and to quote with as many companies as feasibly possible. Doing this enables an apples-to-apples comparison and a thorough selection of prices.

Additional detailed information is located in these articles:

• Understanding Limits and Deductibles (Allstate)
• Who Has the Cheapest Car Insurance for Inexperienced Drivers in Lexington? (FAQ)
• What is Gap Insurance? (Insurance Information Institute)
• Insurance Losses by Make and Model (iihs.org)