Has it been a year or more since you last compared quotes for low-cost Volkswagen Eos insurance in Lexington? If you’re looking for cheaper insurance online, are you confused by the number of car insurance sources in Lexington? There are so many options that it can really be a lot of work to find a more affordable company. If you’ve ever been there, you know that Lexington is the perfect city to reside in, but having to pay for pricey car insurance can make it very difficult to pay for enough car insurance coverage.
It’s well known that car insurance companies want to keep you from comparing rates. Insureds who shop around are highly likely to buy a new policy because of the high probability of finding a more affordable policy. A recent car insurance study discovered that drivers who shopped around annually saved as much as $860 a year compared to people who never shopped around.
If finding the cheapest price for auto insurance in Lexington is why you’re here, knowing the best ways to shop for coverages can make the process less intimidating.
This information will let you in on how insurance works and some tips to save money. If you currently have car insurance, you stand a good chance to be able to lower your rates using the concepts you’re about to learn. Nevertheless, Kentucky drivers benefit from understanding how the larger insurance companies market insurance on the web and use this information to your advantage.
Companies offering cheap Volkswagen Eos rates in Lexington, KY
The following companies have been selected to offer free rate quotes in Kentucky. If you want the cheapest auto insurance in KY, we recommend you click on several of them in order to get a fair rate comparison.
Premium rates and analysis
The coverage information displayed below covers a range of insurance policy prices for Volkswagen Eos models. Learning as much as possible about how insurance premiums are calculated can help you make informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| EOS Komfort Turbo 2-Dr Convertible | $152 | $324 | $368 | $22 | $110 | $976 | $81 |
| EOS Luxury Turbo 2-Dr Convertible | $152 | $324 | $368 | $22 | $110 | $976 | $81 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Premium amounts do not factor in the specific area where the vehicle is garaged which can influence premiums greatly.
Can higher deductibles save money?
One of the hardest decisions when shopping for insurance is what deductibles to buy. The comparisons below may help to illustrate the differences in premium rates when you choose different comp and collision deductibles. The first set of prices uses a $100 deductible for comp and collision and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| EOS Komfort Turbo 2-Dr Convertible | $318 | $598 | $326 | $20 | $98 | $1,385 | $115 |
| EOS Luxury Turbo 2-Dr Convertible | $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 |
|---|---|---|---|---|---|---|---|
| EOS Komfort Turbo 2-Dr Convertible | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| EOS Luxury Turbo 2-Dr Convertible | $232 | $404 | $326 | $20 | $98 | $1,080 | $90 |
| 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, homeowner, safe-driver, multi-vehicle, and multi-policy. Prices do not factor in specific location information which can lower or raise auto insurance rates noticeably.
Based on the above data, using a $100 deductible costs an average of $25 more each month or $300 every year than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally average more than 16 months between claims, you would probably save some money if you elect the higher deductible.
Insurance premiums by gender
The chart below illustrates the comparison of Volkswagen Eos insurance premiums for male and female drivers. The information is based on no claims or violations, full physical damage coverage, $1,000 deductibles, single status, and no discounts are taken into consideration.
Volkswagen Eos Insurance Premiums Can Be Reduced
Many different elements are used in the calculation when you get a price on insurance. Some factors are common sense like an MVR report, although others are less apparent such as your marital status or your commute time. When buying insurance it’s important to understand the different types of things that help calculate the rates you pay for insurance. When consumers understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could result in lower insurance prices.
- Policy add-ons may not be needed – There are quite a few additional coverages that you can get tricked into buying on your Eos policy. Things like coverage for rental cars, accidental death, and extra life insurance coverage may be costing you every month. They may sound like good ideas when buying your policy, but if they’re wasting money get rid of them and save.
- Car features impact prices – Buying a car that has a built-in theft deterrent system can help lower your rates. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent car theft.
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High performance vehicles cost more to insure – The make and model of the car you are trying to find cheaper insurance for makes a huge difference in your rates. Economy passenger cars receive the most favorable rates, but there are many factors that impact the final cost.
The following chart uses these variables: single female driver age 20, full coverage with $250 deductibles, and no discounts or violations. It compares Volkswagen Eos insurance premiums compared to other models that have a range of performance rating factors.
- Drivers with good credit save on insurance – Having a bad credit rating can be a huge factor in determining premium rates. People with high credit scores tend to be better drivers and file fewer claims as compared to drivers with poor credit. So if your credit can use some improvement, you could save money insuring your Volkswagen Eos by repairing your credit.
- Filing insurance claims can cost you – If you file claims often, you can look forward to much higher rates or policy non-renewal. Car insurance companies in Kentucky provide the best rates to drivers who are claim-free. Auto insurance is designed for more catastrophic claims.
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Driving citations increase costs – Your driving record influences premium rates substantially. Attentive drivers pay lower auto insurance prices as compared to careless drivers. Having a single ticket may cause rates to rise by as much as twenty percent. People who have flagrant tickets like reckless driving or DUI may find they need to file a SR-22 with their state DMV in order to legally drive.
The example below shows how violations and at-fault claims increase Volkswagen Eos annual premium costs for different insured age categories. The prices are based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
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Volkswagen Eos claim data – Insurance companies study historical loss data to help calculate a profitable premium price. Models that are shown to have higher claim amounts or frequency will have increased rates. The data below shows the historical insurance loss data for Volkswagen Eos vehicles.
For each type of coverage, the loss probability for all vehicles, regardless of manufacturer or model, equals 100. Numbers under 100 suggest a better than average loss history, while numbers shown that are more than 100 indicate frequent claims or an increased likelihood of larger losses.
Car Insurance Loss Data for Volkswagen Eos Models Specific Volkswagen Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Volkswagen Eos Convertible 88 77 78 76 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Lexington auto insurance discounts
Auto insurance is expensive, but discounts can save money and there are some available that may help make it more affordable. Certain discounts will be triggered automatically when you get a quote, but some must be asked about in order for you to get them.
- Student in College – Kids who are enrolled in higher education away from home and do not have access to a covered vehicle may be insured at a cheaper rate.
- New Car Discount – Buying insurance coverage on a new vehicle is cheaper because new vehicles keep occupants safer.
- Responsible Driver Discount – Insureds who avoid accidents can save up to 40% or more on their Lexington auto insurance quote compared to rates paid by drivers with frequent claims.
- Payment Method – By making one initial payment rather than spreading payments over time you could save 5% or more.
- Discount for Passive Restraints – Factory options such as air bags or motorized seat belts could see savings of more than 20%.
- Discount for Life Insurance – If the company offers life insurance, you could get a break if you buy a life insurance policy as well.
- ABS Braking Discount – Cars that have anti-lock braking systems are much safer to drive and earn discounts up to 10%.
- No Charge for an Accident – Not necessarily a discount, but some companies like GEICO, State Farm, and Progressive will let one accident slide before your rates go up so long as you haven’t had any claims for a set time period.
You can save money using discounts, but most discount credits are not given to your bottom line cost. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like you could get a free auto insurance policy, it’s just not the way it works.
The diagram below visualizes the comparison of Volkswagen Eos insurance costs with and without discounts applied to the rates. The information is based on a male driver, no accidents or driving violations, Kentucky state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, multi-policy, marriage, homeowner, and safe-driver discounts applied.
A list of companies and a selection of discounts are detailed below.
- GEICO includes discounts for driver training, anti-lock brakes, multi-vehicle, daytime running lights, and good student.
- Travelers discounts include early quote, IntelliDrive, new car, home ownership, and student away at school.
- Nationwide offers discounts for accident-free, defensive driving, multi-policy, easy pay, and Farm Bureau membership.
- Farmers Insurance offers discounts including distant student, electronic funds transfer, mature driver, bundle discounts, youthful driver, and good student.
- Esurance may include discounts for homeowner, paid-in-full, DriveSense, Pac-12 alumni, and multi-policy.
- State Farm has savings for driver’s education, Steer Clear safe driver discount, Drive Safe & Save, good driver, multiple policy, safe vehicle, and student away at school.
- Progressive has discounts for online signing, online quote discount, homeowner, continuous coverage, multi-policy, and multi-vehicle.
- Mercury Insurance offers premium reductions for anti-theft, professional/association, good driver, age of vehicle, type of vehicle, multi-policy, and location of vehicle.
If you want affordable Lexington auto insurance quotes, ask each company or agent which discounts they offer. Depending on the company, some discounts might not be offered on policies in your area. To find companies that provide some of the discounts listed above in Lexington, click here.
Auto insurance quotes from neighborhood Lexington auto insurance agents
Certain consumers still prefer to go talk to an agent. A nice benefit of getting free rate quotes online is you can get cheap auto insurance quotes and still have a local agent. And providing support for small agencies is definitely important in Lexington.
After filling out this quick form, your coverage information gets sent to agents in your area who will gladly provide quotes to get your business. You won’t even need to find an agent on your own since rate quotes are delivered directly to you. Get lower rates without having to waste a lot of time. In the event you want to get a price quote for a specific company, just visit that company’s website and fill out their quote form.
Two different types of auto insurance agents
If you need to find a reliable insurance agent, you should know the types of insurance agents and how they can write your policy. Auto insurance agents can be classified as either exclusive or independent agents depending on their company appointments.
Independent Auto Insurance Agencies or Brokers
These agents often have many company appointments and that is an advantage because they can write policies amongst many companies and find the cheapest auto insurance rates. If your agent finds better pricing, your policy is moved internally and you won’t have to switch agencies. When comparing rate quotes, we recommend you get some free quotes from several independent insurance agents to ensure the widest selection of prices. They often place coverage with smaller regional carriers who may have lower rates.
Featured below are Lexington independent insurance agents that can give you pricing information.
- Nationwide Insurance: Tim Hamilton Insurance Agency Inc
401 Lewis Hargett Cir #130 – Lexington, KY 40503 – (859) 276-1234 – View Map - Nationwide Insurance: McGuire Insurance Agency, Inc
185 Pasadena Dr Ste 235 – Lexington, KY 40503 – (859) 268-2542 – View Map - Kent Smith Insurance / The Randolph Scott Agency
1025 Dove Run Rd #302 – Lexington, KY 40502 – (859) 225-5616 – View Map
Exclusive Agents
Agents of this type are contracted to one company and examples are Allstate, Farmers Insurance or State Farm. Exclusive agents cannot provide other company’s prices so keep that in mind. Exclusive agencies are highly trained on what they offer and that enables them to sell even at higher rates. Consumers often choose to use an exclusive agent partially due to the brand instead of buying on price only.
Below is a short list of exclusive insurance agencies in Lexington that can give you comparison quotes.
- Allstate Insurance: Mike Ison
2121 Richmond Rd Ste 145 – Lexington, KY 40502 – (859) 268-8850 – View Map - Howard Shelton State Farm
2614 Richmond Road – Lexington, KY 40509 – (859) 266-6640 – View Map - Russ Tucker – State Farm Insurance Agent
1206 N Broadway – Lexington, KY 40505 – (859) 259-0404 – View Map
Picking an auto insurance agent should include more criteria than just the quoted price. Any agent in Lexington should be willing to answer these questions.
- Will the company cover a rental car if your car is getting fixed?
- Which company do they place the most coverage with?
- What discounts might you be missing?
- What companies can they write with?
- Is the agency involved in supporting local community causes?
Upon getting answers to your satisfaction to all your questions and a good coverage price, you may have just found an insurance agency that can service your policy.
What is the best car insurance company in Kentucky?
Buying coverage from the best insurance provider is hard considering how many different companies sell coverage in Lexington. The rank data shown next may help you decide which car insurance companies you want to consider shopping your coverage with.
Top 10 Lexington Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
- Esurance
Top 10 Lexington Car Insurance Companies Ranked by Claims Service
- Travelers
- Allstate
- Nationwide
- State Farm
- GEICO
- Liberty Mutual
- American Family
- Esurance
- AAA Insurance
- The Hartford
Don’t assume everyone needs the same car insurance coverage
When quoting and comparing coverage for your personal vehicles, there really isn’t a cookie cutter policy. Every situation is different and your car insurance should unique, too.
Here are some questions about coverages that may help you determine if your insurance needs may require specific advice.
- What is glass protection for?
- Does my policy pay for OEM or aftermarket parts?
- Am I better off with higher deductibles on my Volkswagen Eos?
- Can I get a multi-policy discount?
- Do I need roadside assistance coverage?
- How can I get high-risk coverage after a DUI?
- Do I need an umbrella policy?
- Do I have coverage when making deliveries for my home business?
- Is my vehicle covered by my employer’s policy when using it for work?
If you’re not sure about those questions but a few of them apply, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of car insurance companies in your area.
Get the best coverage at the lowest price
We just showed you some good ideas how you can reduce Volkswagen Eos insurance rates online in Lexington. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the best rates are with the smaller companies. They may have significantly lower car insurance rates on certain market segments compared to the large companies like State Farm, GEICO and Nationwide.
Discount Volkswagen Eos insurance in Lexington can be found online and from local insurance agents, so get free Lexington auto insurance quotes from both of them to get a complete price analysis. Some companies may not have the ability to get quotes online and these regional insurance providers prefer to sell through independent insurance agencies.
As you restructure your insurance plan, it’s a bad idea to reduce needed coverages to save money. There have been many situations where consumers will sacrifice comprehensive coverage or liability limits only to discover later that it was a big mistake. The goal is to purchase plenty of coverage at an affordable rate.
How to buy cheaper Volkswagen Eos insurance in Lexington
If saving money is your primary concern, then the best way to find affordable car insurance rates in Lexington is to start doing a yearly price comparison from insurers who sell insurance in Kentucky.
Step 1: Try to understand the different coverages in a policy and the changes you can make to prevent rate increases. Many things that cause rate increases such as accidents, traffic violations, and a less-than-favorable credit rating can be remedied by improving your driving habits or financial responsibility.
Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from a single company like GEICO and State Farm, while independent agents can quote prices from many different companies. Compare rates
Step 3: Compare the new rate quotes to your existing rates and determine if there is any savings. If you find a better price and decide to switch, make sure coverage does not lapse between policies.
Step 4: Give proper notification to your current agent or company of your decision to cancel your existing policy and submit a signed application and payment to the new company. Once received, keep the new proof of insurance paperwork in an easily accessible location in your vehicle.
One bit of advice is that you’ll want to make sure you compare the same coverage limits and deductibles on every price quote and and to get prices from all possible companies. Doing this helps ensure an accurate price comparison and a complete price analysis.
Additional insurance information can be read at these links:
- Avoiding Deer Collisions (Insurance Information Institute)
- Who Has Cheap Lexington Auto Insurance Rates for Lyft Drivers? (FAQ)
- How Much are Lexington Auto Insurance Rates for a Hyundai Elantra? (FAQ)
- Who Has Cheap Lexington Car Insurance Quotes for Business Use? (FAQ)
- Who Has Cheap Car Insurance Quotes for 17 Year Olds in Lexington? (FAQ)
- Who Has Cheap Auto Insurance Rates for a GMC Sierra in Lexington? (FAQ)
- How Much are Lexington Auto Insurance Quotes with Multiple Speeding Tickets? (FAQ)
- Think You’re a Safe Driver? (State Farm)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- Auto Crash Statistics (Insurance Information Institute)