We don’t have to tell you that insurance companies don’t want customers comparing rates. People who compare other prices are very likely to buy a new policy because they stand a good chance of finding discount prices. A survey found that drivers who routinely shopped around saved an average of $72 a month as compared to drivers who don’t regularly compare prices.
If finding the cheapest rates on car insurance is your intention, then understanding how to quote prices and compare insurance premiums can help make the process easier and more efficient.
If saving money is your primary concern, then the best way to get the cheapest Volvo C30 insurance in Lexington is to start comparing rates regularly from insurance carriers in Kentucky.
- Spend some time learning about the different coverages in a policy and the measures you can control to prevent rate increases. Many risk factors that cause high rates such as multiple speeding tickets and a not-so-good credit history can be improved by improving your driving habits or financial responsibility. This article provides more details to help keep prices low and find possible discounts that are available.
- Obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like GEICO or Farmers Insurance, while agents who are independent can provide rate quotes for a wide range of insurance providers.
- Compare the new rate quotes to the price on your current policy to see if switching to a new carrier will save money. If you find a lower rate and switch companies, ensure there is no coverage lapse between policies.
- Notify your agent or company of your intent to cancel your current auto insurance policy and submit payment and a completed application to your new insurance company. Be sure to place your new certificate of insurance in your glove compartment.
One key aspect when comparing rates is to use similar deductibles and liability limits on each quote request and and to analyze every insurance company. Doing this guarantees a fair rate comparison and the best price quote selection.
This information will teach you how car insurance works and also save some money in the process If you have a current insurance policy, you should be able to find the best rates using this strategy. Shoppers just need to learn the best way to compare price quotes online.
Free Lexington Volvo C30 insurance quotes
Getting a cheaper price on Volvo C30 insurance can be surprisingly simple. All that’s required is to spend a little time to get quotes from different insurance companies.
The following companies offer quotes in Lexington, KY. To find the best auto insurance in Lexington, KY, we recommend you visit several of them to get the lowest price.
Volvo C30 detailed coverage information
The table displayed next outlines estimates of policy rates for Volvo C30 models. Learning as much as possible about how insurance prices are calculated can assist in making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| C30 T5 | $270 | $574 | $424 | $26 | $128 | $1,422 | $119 |
| C30 T5 R-Design | $304 | $676 | $424 | $26 | $128 | $1,558 | $130 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Table data does not factor in specific location which can change premium rates significantly.
Higher deductibles save money
One of the hardest decisions when shopping for car insurance is where should you set your physical damage deductibles. The rates below can help illustrate the rate differences between low and high insurance deductibles. The first set of prices uses a $100 deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| C30 T5 | $280 | $508 | $326 | $20 | $98 | $1,257 | $105 |
| C30 T5 R-Design | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| C30 T5 | $206 | $342 | $326 | $20 | $98 | $992 | $83 |
| C30 T5 R-Design | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Prices do not factor in specific garaging location which can raise or lower rates noticeably.
Based on the above data, using a $100 deductible would cost the average driver about $23 more each month or $276 each year across all Volvo C30 models than buying the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you have at least 17 months between claim filings, you would most likely save money if you choose the higher deductible. The numbers below show an example of how this determination is made.
| Average monthly premium for $100 deductibles: | $110 |
| Average monthly premium for $500 deductibles (subtract): | – $87 |
| Monthly savings from raising deductible: | $23 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $23 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 17 months |
An important thing to remember is that increasing deductibles to save money results in a higher out-of-pocket expense when you have a physical damage claim. You need to make sure you have enough savings in the event you need to pay the deductible to have repairs made.
Reckless driving habits raise Lexington car insurance rates
The example below illustrates how traffic citations and accidents raise Volvo C30 yearly insurance costs for different age groups of insureds. The rates are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.
Price comparison of only insuring for liability
The illustration below illustrates the difference between Volvo C30 insurance rates with full physical damage coverage compared to only buying liability only. The information is based on no violations or accidents, $250 deductibles, single status, and no additional discounts are factored in.
When to stop paying for full coverage
There is no set guideline for excluding physical damage coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your Volvo C30 replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $4,000 after paying your policy deductible. If it’s costing you more than $400 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are a few cases where only buying liability is not a good plan. If you haven’t satisfied your loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
Car insurance agents near you
A lot of people would prefer to buy from a licensed agent and that is a personal choice. Licensed agents are trained to spot inefficiencies and give you someone to call. The best thing about comparing rates online is the fact that drivers can get cheap rate quotes and also buy local. Putting coverage with local insurance agents is still important in Lexington.
After filling out this simple form, the coverage information is instantly submitted to local insurance agents in Lexington who will give you quotes to get your business. You never need to search for an agent since price quotes are sent to your email. If for some reason you want to compare rates from a specific auto insurance provider, feel free to jump over to their website to submit a rate quote request.
Different types of car insurance agents in Lexington
When researching local Lexington agents, you should know the different types of agents and how they can write your policy. Agents can be classified as either exclusive or independent. Both types of agents can do a good job, but it’s worth learning the difference between them because it can impact the selection process.
Independent Auto Insurance Agencies
These type of agents are not restricted to one company and that is an advantage because they can write policies with a variety of different insurance companies and possibly get better coverage at lower prices. If they find a cheaper price, they simply move the coverage in-house and you won’t have to switch agencies.
If you are comparing auto insurance prices, it’s recommended you include rate quotes from a couple of independent agencies to get the most accurate price comparison. Many independent agencies also insure through companies that do not advertise much which may provide better rates.
Shown below are Lexington independent insurance agencies who can help you get comparison quotes.
- Forcht Insurance Agency
2721 Old Rosebud Rd – Lexington, KY 40509 – (859) 335-0237 – View Map - Greater Lexington Insurance Agency, Inc.
1066 Wellington Way – Lexington, KY 40513 – (859) 224-2477 – View Map - Elite Insurance
2408 Sir Barton Way # 375 – Lexington, KY 40509 – (859) 264-9400 – View Map
Exclusive Agencies
These agents are contracted to one company and some examples include Farmers Insurance, State Farm, or Allstate. Exclusive agents are unable to provide other company’s prices so they have no alternatives for high prices. Exclusive agents are trained well on their products and sales techniques which helps overcome the inability to quote other rates. Some insured continue to buy insurance from these agents partially due to the brand name rather than having the cheapest rates.
Below are Lexington exclusive agencies that can give you price quote information.
- Allstate Insurance: Bryon Elkins
3101 Richmond Rd #311a – Lexington, KY 40509 – (859) 488-2531 – View Map - Tophan Kulkriwes – State Farm Insurance Agent
1010 Monarch St #250 – Lexington, KY 40513 – (859) 276-4422 – View Map - Keith Renfro – State Farm Insurance Agent
3101 Clays Mill Rd Suite 402 – Lexington, KY 40503 – (859) 278-8415 – View Map
Finding the right auto insurance agent is decision based upon more than just a cheap quote. These are some questions your agent should answer.
- Does the agency have a current Errors and Omissions policy?
- How long have they worked with personal auto insurance coverage?
- Does the quote include credit and driving reports?
- In the event of vehicle damage, can you pick the collision repair facility?
- What insurance companies do they work with in Lexington?
- Do clients work directly with the agent or are most inquiries handled by a CSR?