The best way we recommend to get discount auto insurance rates in Lexington is to compare quotes annually from different companies in Kentucky.
- Step 1: Take a few minutes and learn about how car insurance works and the modifications you can make to keep rates down. Many factors that drive up the price like inattentive driving and a less-than-favorable credit history can be amended by making minor driving habit or lifestyle changes.
- Step 2: Quote rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like Progressive and State Farm, while independent agencies can give you price quotes for a wide range of insurance providers.
- Step 3: Compare the new quotes to your existing rates to see if switching to a new carrier will save money. If you find a lower rate and make a switch, make sure coverage does not lapse between policies.
- Step 4: Provide adequate notice to your current company of your decision to cancel your existing policy and submit a completed application and payment to the newly selected company. As soon as you can, store the certificate verifying coverage along with your vehicle registration.
A good tip to remember is to make sure you enter identical deductibles and limits on every quote request and and to get quotes from as many auto insurance providers as possible. This provides an apples-to-apples comparison and a complete price analysis.
Unbelievable but true according to a study the vast majority of consumers in Kentucky renewed their policy with the same company for at least four years, and practically 40% of auto insurance customers have never taken the time to shop around. With the average auto insurance premium being $1,847, U.S. drivers could cut their rates by nearly 46.5% a year, but they just don’t understand the rate savings if they moved their coverage to a different company.
Finding affordable insurance coverage in Lexington is not that difficult as long as you know where to start. If you are already insured, you will definitely be able to reduce the price you pay using the ideas presented in this article. But Kentucky vehicle owners benefit from understanding the way companies sell online.
Lower-cost Lexington car insurance rates with discounts
Car insurance is expensive, but there are discounts available to reduce the price significantly. Some of these discounts will be visible when you get a quote, but some must be asked for before they will apply.
- Accident Free – Good drivers with no accidents pay less in comparison with bad drivers.
- Discount for Swiching Early – Some companies reward drivers for buying a new policy prior to the expiration date on your current Sonata insurance policy. This discount can save up to 10%.
- Discount for Low Mileage – Low mileage vehicles could earn lower rates on the low mileage vehicles.
- Student in College – Youth drivers who are enrolled in a college that is more than 100 miles from Lexington and won’t have access to an insured vehicle may be insured at a cheaper rate.
- Discount for Life Insurance – Select car insurance companies reward you with a break if you buy a life insurance policy as well.
- Discount for Good Grades – Maintaining excellent grades may save you up to 25%. This discount can apply up until you turn 25.
- Student Discount for Driver Training – Teen drivers should participate in a local driver’s education class in school.
- New Vehicle Savings – Insuring a new Sonata can cost up to 25% less due to better safety requirements for newer vehicles.
Discounts lower rates, but most of the big mark downs will not be given to the entire cost. Most only reduce specific coverage prices like comprehensive or collision. If you do the math and it seems like all those discounts means the company will pay you, that’s just not realistic.
The information below shows the difference between Hyundai Sonata premium costs with and without discounts. The prices are based on a male driver, no violations or accidents, Kentucky state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, homeowner, multi-policy, multi-car, and claim-free discounts applied.
A few popular companies and the discounts they provide can be found below.
- Farm Bureau has discounts for driver training, safe driver, youthful driver, multi-policy, and 55 and retired.
- MetLife offers discounts including good driver, claim-free, defensive driver, good student, and multi-policy.
- Progressive may include discounts for online signing, online quote discount, homeowner, good student, and multi-vehicle.
- AAA policyholders can earn discounts including education and occupation, good student, good driver, pay-in-full, AAA membership discount, and multi-car.
- American Family offers discounts for early bird, Steer into Savings, accident-free, multi-vehicle, and TimeAway discount.
- GEICO may have discounts that include federal employee, driver training, anti-theft, emergency military deployment, air bags, seat belt use, and defensive driver.
- State Farm has savings for driver’s education, student away at school, passive restraint, Steer Clear safe driver discount, and anti-theft.
When comparing rates, check with each company which discounts can lower your rates. Some of the discounts discussed earlier might not be offered in your area.
Just keep in mind that comparing a large number of companies increases the chance that you will find a lower rate than you’re paying now. Not every company allows you to get online Lexington Sonata insurance quotes, so it’s necessary to compare rates on coverage from those companies, too.
The companies shown below provide comparison quotes in Lexington, KY. If you want to find the cheapest car insurance in Kentucky, we suggest you compare several of them to get a more complete price comparison.
Auto insurance analysis for a Hyundai Sonata
The data table below showcases detailed analysis of insurance prices for Hyundai Sonata models. Having a better understanding of how rate quotes are determined can be valuable when making decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $288 | $426 | $484 | $28 | $144 | $1,370 | $114 |
| Sonata GLS 4-Dr Sedan | $288 | $426 | $484 | $28 | $144 | $1,370 | $114 |
| Sonata GLS 4-Dr Sedan | $288 | $426 | $484 | $28 | $144 | $1,370 | $114 |
| Sonata SE 4-Dr Sedan | $288 | $500 | $484 | $28 | $144 | $1,444 | $120 |
| Sonata SE 4-Dr Sedan | $288 | $500 | $484 | $28 | $144 | $1,444 | $120 |
| Sonata Limited 4-Dr Sedan | $324 | $500 | $484 | $28 | $144 | $1,480 | $123 |
| Sonata Limited 4-Dr Sedan | $324 | $500 | $484 | $28 | $144 | $1,480 | $123 |
| Get Your Own Custom Quote Go | |||||||
Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rate information does not factor in vehicle garaging location which can modify price quotes substantially.
Policy deductible comparison
One frequently asked question is how high should your deductibles be. The premium rates below may aid in understanding the difference in cost when you select higher and lower coverage deductibles. The first data set uses a $250 deductible and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $252 | $426 | $368 | $22 | $110 | $1,203 | $100 |
| Sonata GLS 4-Dr Sedan | $252 | $426 | $368 | $22 | $110 | $1,203 | $100 |
| Sonata GLS 4-Dr Sedan | $252 | $426 | $368 | $22 | $110 | $1,203 | $100 |
| Sonata SE 4-Dr Sedan | $252 | $500 | $368 | $22 | $110 | $1,277 | $106 |
| Sonata SE 4-Dr Sedan | $252 | $500 | $368 | $22 | $110 | $1,277 | $106 |
| Sonata Limited 4-Dr Sedan | $284 | $500 | $368 | $22 | $110 | $1,309 | $109 |
| Sonata Limited 4-Dr Sedan | $284 | $500 | $368 | $22 | $110 | $1,309 | $109 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $156 | $268 | $368 | $22 | $110 | $924 | $77 |
| Sonata GLS 4-Dr Sedan | $156 | $268 | $368 | $22 | $110 | $924 | $77 |
| Sonata GLS 4-Dr Sedan | $156 | $268 | $368 | $22 | $110 | $924 | $77 |
| Sonata SE 4-Dr Sedan | $156 | $316 | $368 | $22 | $110 | $972 | $81 |
| Sonata SE 4-Dr Sedan | $156 | $316 | $368 | $22 | $110 | $972 | $81 |
| Sonata Limited 4-Dr Sedan | $176 | $316 | $368 | $22 | $110 | $992 | $83 |
| Sonata Limited 4-Dr Sedan | $176 | $316 | $368 | $22 | $110 | $992 | $83 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Rate quotes do not factor in vehicle location which can lower or raise premiums substantially.
Based on the figures above, using a $250 deductible will cost in the ballpark of $24 more each month or $288 each year across all Hyundai Sonata models than choosing the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 31 months between claim filings, you would probably come out ahead by selecting a higher deductible.
How to determine when to raise deductibles
| Average monthly premium for $250 deductibles: | $104 |
| Average monthly premium for $1,000 deductibles (subtract): | – $80 |
| Monthly savings from raising deductible: | $24 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $24 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 31 months |
One important issue to know is that raising deductibles to save money results in more money out-of-pocket when you have a comprehensive or collision claim. You will want to have enough extra money in the event you need to pay the higher deductible in order to repair your vehicle.
The illustration below illustrates how your choice of deductibles and can impact Hyundai Sonata insurance rates for different categories of driver ages. Data assumes a single male driver, full physical damage coverage, and no discounts are taken into consideration.
Full coverage or liability only
The illustration below illustrates the difference between Hyundai Sonata auto insurance rates with liability coverage only compared to full coverage. The premiums assume a clean driving record, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are taken into consideration.
Guidelines for dropping full coverage
There is no exact rule of when to exclude comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s assume your Hyundai Sonata replacement cost is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $6,000 after the policy deductible has been paid. If it’s costing in excess of $600 a year for full coverage, then it could be time to drop full coverage.
There are some cases where eliminating full coverage is not advised. If you haven’t paid off your loan, you are required to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.
How Car Insurance Companies Determine Hyundai Sonata Insurance Prices
Lots of things are part of the calculation when you quote your car insurance policy. A few of the factors are predictable such as your driving record, but others are less obvious like where you live or your commute time.
The items below are a few of the things companies use to determine rates.
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Younger vs. mature drivers – Older, more experienced drivers have been proven to be more responsible, statistically cause fewer accidents, and are generally more financially stable. Young drivers have a tendency to be easily distracted when driving so they pay higher insurance rates.
The following chart assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.
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How’s your driving record? – Having a clean driving record has a lot to do with how much you pay for insurance. Even one driving citation can increase rates by as much as thirty percent. Attentive drivers receive lower rates as compared to those with violations. Drivers who have gotten flagrant violations such as DUI or willful reckless driving are required to complete a SR-22 with their state motor vehicle department in order to prevent their license from being revoked.
The illustration below demonstrates how citations and at-fault collisions can drive up Hyundai Sonata auto insurance rates for different age groups of insureds. The data is based on a single male driver, full coverage, $500 deductibles, and no discounts are applied.
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Women tend to take less risk – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. However, this does not mean females are better drivers. Women and men are in auto accidents at a similar rate, but the males cause more damage. In addition to higher claims, males also receive more costly citations like DWI (DUI) or reckless driving.
The example below visualizes the comparison of Hyundai Sonata car insurance rates for male and female drivers. The rates are based on no violations or accidents, full coverage, $250 deductibles, marital status is single, and no policy discounts are applied.
- Your address can push rates up or down – Residing in smaller towns and rural areas of the country is a good thing if you are looking for the lowest rates. Residents of big cities regularly have more aggressive driving styles and longer commute times. Lower population translates into fewer accident claims.
- Cut rates and deter theft – Choosing a vehicle that has an advanced theft prevention system can help bring down rates. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop car theft and help bring rates down.
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Insurance loss data for Hyundai Sonata vehicles – Auto insurance companies factor in historical loss data when they file their rates in each state. Vehicles that the data determines to have higher claim frequency or loss amount will have increased rates. The table below outlines the historical loss data for Hyundai Sonata vehicles.
For each type of coverage, the statistical loss for all vehicles averaged together is set at 100. Numbers that are below 100 represent a good loss history, while percentage numbers above 100 indicate higher probability of having a loss or an increased likelihood of larger losses.
Auto Insurance Loss Data for Hyundai Sonata Models Specific Hyundai Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Hyundai Sonata 129 88 101 138 149 110 Hyundai Sonata Hybrid 142 116 119 124 138 121 BETTERAVERAGEWORSEData Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Local Lexington car insurance agents
Some consumers just want to sit down and talk to an agent and that is a personal choice. One of the best bonuses of comparing rate quotes online is you can get cheap rate quotes and still choose a local agent.
Upon completion of this short form, the coverage information gets sent to agents in your area who want to provide quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to search for any insurance agencies as quotes are delivered to you instantly. Get lower rates and work with a local agent. If you want to get a price quote for a specific company, feel free to jump over to their website and give them your coverage information.
Finding a good insurance company should depend on more than just a low price. A good agent in Lexington will have answers to these questions.
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- How long have they been in business?
- Are they in the agency full-time?
- Do they assist clients in filing claims?
- Will the company cover a rental car if your car is getting fixed?
- Does the agency support the community they serve?
If you want to buy auto insurance from a local Lexington insurance agent, it helps to know the two types of insurance agents to choose from. Lexington agents can be described as either independent (non-exclusive) or exclusive.
Exclusive Agencies
These agents can only quote rates from one company and some examples include Allstate and State Farm. These agents are unable to provide prices from multiple companies so you might not find the best rates. They are very knowledgeable on their company’s products and that can be a competitive advantage. Some insured continue to buy from the same agent for years mostly because of high brand loyalty rather than having the cheapest rates.
Listed below is a list of exclusive agencies in Lexington who may provide you with price quotes.
- Joe Daugherty – State Farm Insurance Agent
651 Perimeter Dr Ste 204 – Lexington, KY 40517 – (859) 269-4990 – View Map - GEICO Insurance Agent
3100 Old Todds Rd #110 – Lexington, KY 40509 – (859) 286-8655 – View Map - Dawn Stice – State Farm Insurance Agent
121 Prosperous Pl Ste 11A – Lexington, KY 40509 – (859) 271-2277 – View Map
Independent Agencies or Brokers
Agents that elect to be independent are not required to write business for one company and that is an advantage because they can write policies with lots of companies and find the cheapest auto insurance rates. If they find a lower price, they simply switch companies in-house and you don’t have to switch agencies.
When comparing auto insurance rates, you definitely need to contact a few independent agents so that you have a good selection of quotes to compare. Many independent agencies also insure through smaller regional carriers which could offer lower prices.
Listed below is a short list of independent insurance agencies in Lexington that are able to give rate quotes.
- Blue Grass Insurance
2560 Richmond Rd # 200 – Lexington, KY 40509 – (859) 543-0050 – View Map - Nationwide Insurance: Bryan Joseph Mitchell Agency
252 E Third St – Lexington, KY 40508 – (859) 293-2253 – View Map - Al Torstrick Insurance Agency
343 Waller Ave #101 – Lexington, KY 40504 – (859) 233-1461 – View Map
Choosing Hyundai vehicle insurance is an important decision
Despite the potentially high cost of Hyundai Sonata insurance, paying for auto insurance may be mandatory for several reasons.
- Most states have mandatory liability insurance requirements which means you are required to carry a specific level of liability insurance coverage if you don’t want to risk a ticket. 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.
- If you have a loan on your vehicle, it’s most likely the lender will require you to buy insurance to guarantee payment of the loan. If you let the policy lapse, the bank may insure your Hyundai for a lot more money and require you to pay for the much more expensive policy.
- Auto insurance preserves not only your vehicle but also your assets. Insurance will pay for medical transport and hospital expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to have it repaired.
The benefits of buying auto insurance outweigh the cost, especially if you ever need it. The average driver in America is currently overpaying as much as $810 a year so shop around at every renewal to ensure rates are competitive.
Quote. Compare. Save.
Insureds who switch companies do it for many reasons like being labeled a high risk driver, high rates after DUI convictions, unfair underwriting practices and even poor customer service. Regardless of your reason, finding a great new company is easier than you think.
Lower-priced car insurance in Lexington is possible online in addition to local insurance agencies, and you should compare rates from both to get a complete price analysis. There are still a few companies who do not offer internet price quotes and many times these smaller providers only sell through local independent agents.
We just presented many ideas to save on Hyundai Sonata insurance in Lexington. The most important thing to understand is the more providers you compare, the better your chances of lowering your premium rates. Drivers may even discover the most savings is with an unexpected company.
To read more, link through to the articles below:
- Driving in Bad Weather (Insurance Information Institute)
- Who Has the Cheapest Lexington Car Insurance Rates for Drivers Under 21? (FAQ)
- What Auto Insurance is Cheapest for a Learners Permit in Lexington? (FAQ)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Insuring a Leased Car (Insurance Information Institute)