When looking for lower-cost insurance, are you frustrated by the wide range of car insurance sources in your area? Lot’s of other drivers are too. There are so many options that it can really be more work than you anticipated to find the lowest price for Volkswagen Beetle insurance in Lexington. Lexington is an awesome place to live, but expensive car insurance rates makes it very hard to be able to afford adequate car insurance coverage limits.
Anyone knows that car insurance companies want to prevent you from shopping around. Drivers who shop around annually will presumably switch to a new company because of the good chance of finding a more affordable policy premium. Surprisingly, a recent survey revealed that people who compared prices once a year saved approximately $72 a month compared to people who never compared prices.
If saving the most money on car insurance in Lexington is your ultimate goal, then having an understanding of how to find and compare insurance premiums can save time and money.
Smart consumers take time to compare prices at least once a year due to the fact that insurance rates change regularly. Just because you found the lowest premium rates on Volkswagen Beetle insurance in Lexington on your last policy you may be paying too much now. Block out anything you think you know about car insurance because it’s time to teach you the right way to reduce your cost while increasing coverage.
If you currently have car insurance, you stand a good chance to be able to get lower rates using the ideas covered in this article. The intent of this article is to familiarize you with how to get online quotes and how to save the most money. Although Kentucky vehicle owners must know how insurance companies market on the web.
When comparing auto insurance rates, know that comparing more prices will increase your chances of finding better pricing. Not every company does rate quotes online, so you need to compare price quotes from those companies as well.
The companies shown below have been selected to offer free rate quotes in Kentucky. If you wish to find cheap car insurance in Lexington, KY, we recommend you compare several of them in order to find the most competitive rates.
Three reasons to insure your Volkswagen vehicle
Even though it’s not necessarily cheap to insure a Volkswagen in Lexington, insurance is required by state law in Kentucky and it also provides benefits you may not be aware of.
First, almost all states have minimum liability requirements which means it is punishable by state law to not carry a minimum amount of liability insurance coverage in order to be legal. 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 Volkswagen Beetle has a loan, it’s guaranteed your bank will force you to buy insurance to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Volkswagen at a much higher rate and require you to pay the higher premium.
Third, insurance protects your Volkswagen and your assets. It will also cover medical transport and hospital expenses for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to repair the damage.
The benefits of having insurance are definitely more than the cost, particularly for liability claims. Today the average American driver is wasting up to $820 a year so you should quote rates at every renewal to help ensure money is not being wasted.
Coverage analysis
The rate table displayed below outlines estimates of insurance policy prices for Volkswagen Beetle models. Having insight into how car insurance premiums are determined is important to be able to make smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $138 | $284 | $260 | $16 | $78 | $776 | $65 |
| Beetle 2-Dr Convertible | $178 | $336 | $202 | $12 | $60 | $788 | $66 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Rate information does not factor in specific Lexington garaging location which can revise rates considerably.
Can higher deductibles save money?
One common question asked by Lexington drivers is how high should the physical damage deductibles be. The following insurance rates highlight the costs and benefits of buying low and high coverage deductibles. The first price estimate table uses a $250 deductible for physical damage and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $220 | $426 | $278 | $16 | $84 | $1,049 | $87 |
| Beetle 2-Dr Convertible | $284 | $500 | $216 | $12 | $64 | $1,101 | $92 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Beetle S 2-Dr Hatchback | $178 | $342 | $278 | $16 | $84 | $898 | $75 |
| Beetle 2-Dr Convertible | $232 | $404 | $216 | $12 | $64 | $928 | $77 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Information does not factor in specific location which can influence prices considerably.
Based on the figures above, using a $250 deductible will cost you approximately $14 more each month or $168 annually across all Volkswagen Beetle models than quoting the higher $500 deductible. Because you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 18 months between claim filings, you would probably come out ahead going with the higher deductible.
The illustration below demonstrates how choosing different deductibles and can affect Volkswagen Beetle insurance rates for different age groups. The premium estimates are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.
Insurance premiums for males and females
The chart below compares Volkswagen Beetle auto insurance costs for male and female drivers. The premium estimates are based on no claims or violations, full physical damage coverage, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.
Do you qualify for discounts on Volkswagen Beetle insurance in Lexington?
Car insurance is not cheap, but discounts can save money and there are some available to cut the cost considerably. Certain reductions will be credited at the time you complete a quote, but a few must be inquired about before you get the savings.
- Employee of Federal Government – Simply working for the federal government can save as much as 8% with a few auto insurance companies.
- Professional Organizations – Affiliation with qualifying employment or professional organizations may earn a discount when shopping for auto insurance.
- Anti-lock Brakes – Anti-lock brake equipped vehicles prevent accidents so companies give up to a 10% discount.
- Bundle and Save – If you insure your home and vehicles and insure them with the same company you could save up to 20% and get you the cheapest Volkswagen Beetle insurance in Lexington.
- Good Student Discount – A discount for being a good student can get you a discount of up to 25%. The good student discount can last up to age 25.
- Passive Restraints – Vehicles equipped with air bags or motorized seat belts may qualify for discounts as much as 30%.
- Resident Student – Kids who are enrolled in a college that is more than 100 miles from Lexington without a vehicle on campus can receive lower rates.
- Telematics Discount – Drivers who elect to allow data collection to track where and when they drive by using a telematics device such as Drivewise from Allstate or Snapshot from Progressive may get a rate reduction if they have good driving habits.
- Senior Citizen Rates – Older drivers may receive a slight reduction on a Lexington auto insurance quote.
A quick disclaimer, most discounts do not apply to your bottom line cost. Some only reduce the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like you would end up receiving a 100% discount, it’s just not the way it works.
The diagram below illustrates the difference between Volkswagen Beetle insurance costs with and without discounts applied to the policy premium. The rate quotes are based on a male driver, no claims, a clean driving record, Kentucky state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, multi-car, claim-free, homeowner, and marriage discounts applied.
Companies and a summarized list of policyholder discounts are outlined below.
- State Farm may include discounts for multiple policy, passive restraint, Steer Clear safe driver discount, anti-theft, good student, and driver’s education.
- Farmers Insurance includes discounts for electronic funds transfer, teen driver, bundle discounts, mature driver, and youthful driver.
- GEICO offers discounts for good student, multi-policy, air bags, multi-vehicle, daytime running lights, and anti-theft.
- American Family offers discounts including bundled insurance, early bird, mySafetyValet, good student, accident-free, and Steer into Savings.
- Nationwide offers premium reductions for multi-policy, easy pay, defensive driving, Farm Bureau membership, good student, and family plan.
- Progressive has savings for multi-vehicle, homeowner, continuous coverage, online quote discount, multi-policy, online signing, and good student.
When comparing rates, check with each company or agent how many discounts you can get. Some credits might not be offered on policies in Lexington. If you would like to see a list of auto insurance companies that offer multiple discounts in Kentucky, click here to view.
Insurance agencies are professional risk managers
Many people just want to go talk to an agent and there is nothing wrong with that. One of the best bonuses of comparing insurance prices online is the fact that you can find lower auto insurance rates and still have an agent to talk to.
Once you complete this quick form, the coverage information gets sent to companies in Lexington who will give competitive quotes for your coverage. It simplifies rate comparisons since you won’t have to leave your house as quotes are delivered to you instantly. You can get cheaper car insurance rates AND a local agent. If you have a need to get a comparison quote from a specific insurance company, just navigate to their website and give them your coverage information.
Finding a good provider needs to be determined by more than just a cheap price quote. The following questions are important to ask.
- Do they specialize in personal lines coverage in Lexington?
- Is the agent and/or agency licensed to do business in Kentucky?
- Will they take your side in the event of a claim?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- By raising physical damage deductibles, how much would you save?
- Will a damage claim use OEM or aftermarket replacement parts?
- Is coverage determined by price?
When searching for a good Lexington insurance agent, you must know there are a couple types of agencies to choose from. Car insurance agencies are either independent (non-exclusive) or exclusive.
Exclusive Insurance Agents
Agents that choose to be exclusive can usually just insure with one company and examples are Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot shop your coverage around so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are very knowledgeable on the products they sell which can be an advantage. Many people buy from exclusive agents mostly because of high brand loyalty and solid financial strength.
The following are Lexington exclusive agents who may provide you with price quotes.
- State Farm – Bob Pitman
851 Corporate Dr Ste 200 – Lexington, KY 40503 – (859) 223-1191 – View Map - Joe Daugherty – State Farm Insurance Agent
651 Perimeter Dr Ste 204 – Lexington, KY 40517 – (859) 269-4990 – View Map - John Parkhurst – State Farm Insurance
1795 Alysheba Way #2104 – Lexington, KY 40509 – (859) 264-4422 – View Map
Independent Agents
Agents that choose to be independent can quote rates with many companies and that enables them to quote your coverage with a variety of different insurance companies and help determine which has the cheapest rates. To move your coverage to a new company, the agent simply finds a different carrier and you don’t have to find a new agent. When searching for an agent, you will definitely want to get some free quotes from several independent agencies to maximize your price options. Many independent agencies also insure through lesser-known insurance companies that may provide cheaper car insurance rates.
The following is a short list of independent agencies in Lexington that are able to give comparison quotes.
- Nationwide Insurance: Bryan Joseph Mitchell Agency
252 E Third St – Lexington, KY 40508 – (859) 293-2253 – View Map - Forcht Insurance Agency
2721 Old Rosebud Rd – Lexington, KY 40509 – (859) 335-0237 – View Map - Barnes Insurance Center
1202 Winchester Rd #100 – Lexington, KY 40505 – (859) 253-2728 – View Map
A little work can save a LOT of money
Some companies may not have rate quotes online and these smaller providers prefer to sell through independent agents. Budget-friendly car insurance in Lexington is definitely available on the web and from local insurance agents, and you should be comparing both to have the best chance of lowering rates.
While you’re price shopping online, never skimp on critical coverages to save a buck or two. In many instances, an insured dropped uninsured motorist or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. Your aim should be to buy a smart amount of coverage for the lowest cost, but don’t skip important coverages to save money.
In this article, we covered quite a bit of information on how to save on Volkswagen Beetle insurance in Lexington. The key concept to understand is the more times you quote, the more likely it is that you will get a better rate. You may even discover the biggest savings come from some of the lesser-known companies.
Steps to finding low-cost rates for Volkswagen Beetle insurance in Lexington
The preferred way to find cheaper quotes for Volkswagen Beetle insurance is to compare prices once a year from insurance carriers who sell insurance in Lexington.
- First, read about the coverage provided by your policy and the modifications you can make to keep rates down. Many factors that cause high rates like careless driving and a low credit score can be remedied by making minor changes to your lifestyle.
- Second, compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like Progressive or Allstate, while agents who are independent can quote prices from multiple companies. Click to view companies
- Third, compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available in Lexington. If you can save money, make sure the effective date of the new policy is the same as the expiration date of the old one.
A good tip to remember is to compare identical coverages on each quote request and and to get rates from as many car insurance companies as possible. Doing this provides an apples-to-apples comparison and a complete price analysis.
For more information, feel free to visit the articles below:
- Event Data Recorders FAQ (iihs.org)
- What Auto Insurance is Cheapest for High School Students in Lexington? (FAQ)
- How Much is Lexington Auto Insurance for Police Officers? (FAQ)
- Protecting Teens from Drunk Driving (Insurance Information Institute)
- Understanding Your Insurance Deductible (Insurance Information Institute)