Car Insurance Rates for a GMC Sierra 3500HD in Lexington

Having to pay for high-priced insurance in Lexington can dry up your funds and possibly require postponing other expenditures.

Anyone knows that car insurance companies don’t want you shop around. Insureds who shop around for cheaper price quotes are inclined to switch companies because there is a significant possibility of finding lower prices. A recent survey discovered that drivers who made a habit of comparing rates saved an average of $865 a year compared to those who never shopped for cheaper rates.

If saving money on auto insurance in Lexington is your target objective, then having a grasp of how to quote and compare insurance premiums can make it simple to find affordable coverage.

Numerous auto insurance companies battle for your insurance dollar, so it can be very hard to choose a insurer to find the absolute lowest cost out there.

Consumers should take time to shop coverage around before your policy renews since prices go up and down regularly. If you had the lowest price on GMC Sierra 3500HD insurance in Lexington last year you can probably find a lower rate today. There are lots of tips to save on Sierra 3500HD insurance on the web, but you can learn some guaranteed methods to lower your insurance rates in Lexington.

If you are insured now, you will most likely be able to get lower rates using the concepts covered in this article. Locating the most cost-effective auto insurance policy in Lexington is quite easy. Although Kentucky consumers need to learn how companies charge you for coverage.

When quoting insurance, remember that quoting more helps increase your odds of locating better pricing. Not every company allows you to get price estimates online, so it’s recommended that you also compare quotes from them, too.

The providers in the list below have been selected to offer free rate quotes in Kentucky. If you want to find cheap car insurance in KY, we recommend you visit several of them in order to get a fair rate comparison.

Here’s why auto insurance is not optional

Despite the high insurance cost for a GMC Sierra 3500HD in Lexington, insurance is most likely required but also gives you several important benefits.

First, just about all states have minimum liability requirements which means you are required to buy a minimum amount of liability insurance coverage in order to drive the car. 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.

Second, if your Sierra 3500HD has a lienholder, it’s most likely the lender will make it a condition of the loan that you have physical damage coverage to ensure loan repayment if the vehicle is totaled. If the policy lapses, the lender will be forced to insure your GMC at a much higher premium rate and require you to fork over a much higher amount than you were paying before.

Third, insurance protects both your car and your personal assets. Insurance will also pay for medical transport and hospital expenses for yourself as well as anyone injured by you. Liability coverage, the one required by state law, will also pay attorney fees if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, your auto insurance policy will pay to have it repaired.

The benefits of carrying enough insurance outweigh the cost, especially with large liability claims. According to a survey of 1,000 drivers, the average driver overpays as much as $820 a year so you should quote rates at every policy renewal to help ensure money is not being wasted.

Rates and information analytics

The premium table shown next showcases different coverage costs for GMC Sierra 3500HD models. Having a better understanding of how insurance policy rates are formulated can assist in making smart buying decisions.

Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Prices do not factor in specific garaging location which can raise or lower insurance rates noticeably.

Rate comparison for different deductibles

The hardest decision when buying coverage is where to set your physical damage deductibles. The tables below may aid in understanding the difference in cost of buying low and high deductibles. The first table uses a $250 deductible and the second price chart uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Premium costs do not factor in specific Lexington garaging location which can lower or raise prices significantly.

Based on the figures above, using a $250 deductible will cost in the ballpark of $16 more each month or $192 annually than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you have at a minimum 16 months between claims, you would probably save some money if you choose a higher deductible.

The chart below illustrates how your choice of deductibles and can change GMC Sierra 3500HD insurance costs for different categories of driver ages. The premium estimates are based on a single male driver, full coverage, and no discounts are applied to the premium.

Cheap Lexington insurance rates with discounts

The price of auto insurance can be rather high, but there may be some discounts that could help you make your next renewal payment. Most are applied at the time you complete a quote, but less common discounts must be manually applied before they will apply.

• Pay Early and Save – By paying your entire bill at once rather than spreading payments over time you can avoid the installment charge.
• Driver Safety – Participating in a course teaching driver safety skills could earn you a small percentage discount if you qualify.
• Waiver for an Accident – This one is not really a discount per se, but some companies like GEICO, Allstate and Liberty Mutual will turn a blind eye to one accident before they charge you more for coverage if you are claim-free for a set time period.
• ABS Brakes – Vehicles that have anti-lock braking systems can avoid accidents so you can save 10 percent or more.
• Early Switch Discount – Some larger companies give discounts for buying a new policy prior to the expiration date on your current Sierra 3500HD insurance policy. It’s a savings of about 10%.
• Government Employees – Federal government employees could provide a small rate reduction depending on your company.
• Discounts for Multiple Vehicles – Having several vehicles with one company can reduce the rates for all insured vehicles.
• Resident Student – Any of your kids who are enrolled in a college that is more than 100 miles from Lexington without a vehicle on campus can be insured at a reduced rate.

As a disclaimer on discounts, some credits don’t apply to the entire cost. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. Even though it appears it’s possible to get free car insurance, company stockholders wouldn’t be very happy. Any amount of discount will help lower your insurance premiums.

The example below shows the comparison of GMC Sierra 3500HD car insurance rates with and without discounts applied to the policy rates. Data assumes a male driver, no accidents, no driving 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, multi-policy, marriage, safe-driver, and multi-car discounts applied.

Auto insurance companies who may offer these discounts may include but are not limited to:

• Esurance
• The Hartford
• AAA
• GEICO
• State Farm

Check with each company or agent which credits you are entitled to. Some discounts listed above may not apply in Lexington. To see a list of insurance companies with discount insurance rates in Lexington, click this link.

Comparing quotes from local Lexington insurance agencies

Some people just want to buy from a local agent and that is recommended in a lot of cases One of the benefits of comparing insurance prices online is you may find lower premium rates and still choose a local agent. And supporting local agencies is important especially in Lexington.

After completing this simple form, your insurance data gets sent to local insurance agents that can give you free Lexington car insurance quotes to get your business. There is no reason to contact any insurance agencies as quotes are delivered immediately to your email address. You can find lower rates without a big time investment. In the event you want to compare rates from a specific insurance company, you can always go to their quote page and give them your coverage information.

Exclusive and independent Lexington auto insurance agents

If you prefer to buy car insurance from local Lexington agents, you should know the different types of agents and how they operate. Agents in Lexington can either be independent or exclusive depending on the company they work for.

Independent Car Insurance Agencies

These type of agents do not work for one specific company and that gives them the ability to insure amongst many companies and help determine which has the cheapest rates. If you want to switch companies, the business is moved internally and you don’t have to find a new agent. When comparing car insurance prices, you should always get rate quotes from a few independent agents for the best price selection.

The following is a small list of independent insurance agents in Lexington that may be able to provide comparison quotes.

View more agents

Exclusive Agents

Agents that choose to be exclusive can usually just insure with one company and examples are Farmers Insurance and State Farm. They usually cannot provide rate quotes from other companies so keep that in mind. Exclusive insurance agents are trained well on their company’s products which helps offset the inability to provide other markets.

Shown below is a short list of exclusive insurance agencies in Lexington willing to provide comparison quotes.

View more agents

Selecting an insurance agent should include more criteria than just the price. These are some questions you should get answers to.

• Who are their largest clients?
• What kind of financial rating does the company have?
• Do they receive special compensation for putting your coverage with one company over another?
• What are their preferred companies if they are an independent agency?
• If you raise deductibles, how much can you save?
• If your car is totaled, how to they determine the replacement cost?

Lexington car insurance company ratings

Choosing the top company can be a challenge considering how many different insurance companies sell coverage in Kentucky. The company rank data below may help you choose which coverage providers to look at when shopping around.

Top 10 Lexington Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Nationwide – 89%
5. Travelers – 88%
6. Progressive – 88%
7. Safeco Insurance – 88%
8. State Farm – 88%
9. Allstate – 88%
10. The Hartford – 87%

Top 10 Lexington Car Insurance Companies by A.M. Best Rank

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Erie Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. Nationwide – A+
9. The Hartford – A+
10. Allstate – A+

Quote often and quote early

We just showed you many ideas to shop for GMC Sierra 3500HD insurance online. It’s most important to understand that the more companies you get prices for, the more likely it is that you will get a better rate. Drivers may even discover the lowest premium rates come from a company that doesn’t do a lot of advertising. Regional companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm or Progressive.

Budget-conscious GMC Sierra 3500HD insurance can be purchased both online and from local agencies, so you need to shop Lexington car insurance with both in order to have the best price selection to choose from. Some insurance providers do not provide rates over the internet and many times these smaller providers only sell through independent agents.

Steps to finding the cheapest rates for GMC Sierra 3500HD insurance in Lexington

The recommended way to save money on auto insurance rates in Lexington is to regularly compare price quotes from insurers in Kentucky.

• Step 1: Spend a few minutes and learn about how companies price auto insurance and the things you can control to keep rates in check. Many policy risk factors that are responsible for high rates such as accidents, traffic tickets, and a low credit rating can be controlled by making minor changes to your lifestyle.
• Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like Progressive or Allstate, while independent agencies can give you price quotes from multiple sources. Compare rates now
• Step 3: Compare the new quotes to your current policy premium to determine if you can save on Sierra 3500HD insurance. If you find a lower rate quote and buy the policy, make sure coverage does not lapse between policies.

A crucial key to this process is that you’ll want to make sure you compare the same deductibles and limits on every quote request and and to get rates from as many carriers as you can. Doing this guarantees an apples-to-apples comparison and maximum price selection.

Helpful resources

• Comprehensive Coverage (Liberty Mutual)
• Who Has Affordable Car Insurance Rates for a Toyota Camry in Lexington? (FAQ)
• Who Has Cheap Car Insurance Quotes for 17 Year Olds in Lexington? (FAQ)
• Keeping Children Safe in Crashes Video (iihs.org)
• What does Personal Injury Protection (PIP) Cover? (Allstate)
• Neck Injury FAQ (iihs.org)