Are you kicking yourself for buying an under-performing, overpriced car insurance policy? Say no more because there are many Lexington drivers thinking the same thing.
It’s easy to assume that car insurance companies don’t want you to look for a cheaper policy. People who get price quotes annually are inclined to move their business because there is a good probability of finding a lower-priced company. Surprisingly, a recent survey revealed that people who compared rates regularly saved about $3,500 over four years as compared to drivers who never shopped around.
If finding the cheapest price for car insurance in Lexington is your ultimate objective, then having a good understanding how to get free comparison quotes and analyze car insurance can help make the process easier.
Steps to finding the cheapest rates for Jeep Cherokee insurance in Lexington
To save the most money, the best way to find cheaper quotes for Jeep Cherokee insurance is to start doing an annual price comparison from providers in Lexington.
Step 1: Take a few minutes and learn about how car insurance works and the measures you can take to lower rates. Many policy risk factors that drive up the price such as traffic citations, accidents, and a lousy credit rating can be improved by making small lifestyle or driving habit changes. Continue reading for tips to get better rates and find more discounts that you may not know about.
Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like GEICO and State Farm, while agents who are independent can provide rate quotes from many different companies.
Step 3: Compare the new rates to the price on your current policy and see if you can save money. If you find a lower rate and make a switch, verify that coverage does not lapse between policies.
One important bit of advice is that you’ll want to make sure you compare the same deductibles and limits on every quote request and and to get price quotes from all possible companies. This ensures a fair price comparison and a complete price analysis.
Because there are so many choices of insurance companies that have cheap insurance for a Jeep Cherokee in Lexington, it can be impossible to choose the lowest cost car insurance provider.
When looking for the cheapest Jeep Cherokee rate quotes, there are a couple ways to compare rate quotes from lots of Kentucky auto insurance companies. One of the best ways to comparison shop is to perform an online rate comparison.
It’s so easy to compare quotes online that it takes the place of having to drive to each insurance agency near you. Doing it all online makes this process obsolete unless your situation requires the professional advice that only an agent can give. If you prefer, some companies allow you to compare the best prices online but buy the policy through an agent.
Just remember that comparing more prices increases the chance that you will find a lower rate. Some insurance companies are not set up to provide rate quotes online, so you should also compare quotes on coverage from those companies, too.
The companies in the list below can provide comparison quotes in Kentucky. If your goal is to find the best cheap auto insurance in Lexington, it’s a good idea that you click on several of them to get the best price comparison.
Do you qualify for discounts on Jeep Cherokee insurance in Lexington?
Car insurance is neither fun to buy or cheap, but there could be available discounts to reduce the price significantly. Certain discounts will be triggered automatically when you purchase, but some must be specially asked for prior to getting the savings. If you aren’t receiving every discount possible, it’s possible you qualify for a lower rate.
- Accident Free – Insureds who avoid accidents and claims can earn big discounts in comparison with accident-prone drivers.
- Waiver for an Accident – This isn’t a discount exactly, but companies like Liberty Mutual, Allstate and State Farm will forgive one accident without raising rates if you have no claims for a set time period.
- Paper-free Discount – A few larger online companies may give you up to $50 shop Lexington car insurance over the internet.
- Own a Home and Save – Owning your own home or condo may earn you a small savings because maintaining a house means you have a higher level of financial diligence.
- Anti-theft Discount – Cars and trucks with anti-theft systems can help prevent theft so companies will give you a small discount.
As is typical with insurance, some of the credits will not apply to the entire policy premium. A few only apply to individual premiums such as comp or med pay. So when it seems like having all the discounts means you get insurance for free, companies don’t profit that way.
To locate insurers with significant discounts in Lexington, click here to view.
What is the best car insurance company in Lexington?
Finding the right car insurance provider is hard considering how many companies sell insurance in Lexington. The company ratings below can help you analyze which auto insurance companies you want to consider purchasing a policy from.
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
How to Lower Your Insurance Prices
Many factors are taken into consideration when premium rates are determined. Some factors are common sense such as your driving record, but others are more transparent like where you live or how financially stable you are.
Discounts for married drivers – Having a significant other actually saves money on car insurance. It is viewed as being less irresponsible and it’s statistically proven that married couples file fewer claims.
An active car insurance claims history can increase rates – Car insurance companies in Kentucky provide most affordable rates to drivers who only file infrequent claims. If you are a frequent claim filer, you can pretty much guarantee higher premiums or even policy non-renewal. Your car insurance is intended for the large, substantial claims.
Policy add-ons add up – There are a ton of optional add-on coverages that can waste your money on your car insurance policy. Add-on coverages like coverage for rental cars, accidental death, and additional equipment coverage are probably not needed. These coverages may sound good initially, but if you have no use for them eliminate the coverages to reduce your premium.
What are good liability insurance limits? – Your car insurance policy’s liability coverage provides coverage in the event that you are responsible for causing personal injury or damage in an accident. Liability provides for a legal defense to attempt to prove you were not liable. Liability is cheap compared to physical damage coverage, so buy as much as you can afford.
Jeep Cherokee statistical loss data – Insurers include the past claim trends for vehicles as a way to help calculate a profitable premium price. Models that tend to have a trend towards higher claims will cost more to insure. The table below demonstrates the insurance loss data used by companies for Jeep Cherokee vehicles.
For each type of coverage, the statistical loss for all vehicles, regardless of make, model or trim level, is equal to 100. Numbers under 100 indicate a favorable loss history, while numbers above 100 indicate higher probability of having a loss or a tendency for losses to be larger than average.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Jeep Cherokee 4dr 2WD | 76 | 105 | 77 | 87 | 90 | 109 |
| Jeep Cherokee 4dr 4WD | 78 | 115 | 82 | 75 | 79 | 103 |
Statistics from IIHS.org for 2013-2015 Model Years