Save Money on Chrysler PT Cruiser Insurance in Lexington

If you want to find the absolute lowest rates, then the best way to get low-cost car insurance rates in Lexington is to do a yearly price comparison from insurers who provide car insurance in Kentucky. This can be done by following these steps.

1. Gain an understanding of the different coverages in a policy and the things you can change to prevent expensive coverage. Many factors that drive up the price like distracted driving and a low credit score can be improved by making minor changes to your lifestyle.
2. Quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agencies can provide price quotes from multiple companies.
3. Compare the new quotes to your existing coverage to see if you can save by switching companies. If you find a lower rate, make sure coverage is continuous and does not lapse.
4. Notify your company or agent of your decision to cancel your existing policy and submit the required down payment along with the signed application to the new insurer. As soon as you have the new policy, keep your new certificate verifying proof of insurance in a readily accessible location in your vehicle.

A good tip to remember is to use identical coverages on every quote request and and to look at as many companies as possible. This ensures a fair price comparison and the best price selection.

It’s astonishing, but most consumers in Kentucky kept their policy with the same company for at least the last four years, and nearly 40% of drivers have never compared auto insurance rates at all. American drivers could pocket nearly $850 a year by just shopping around, but most just don’t grasp the large savings they would see if they just switched companies.

Quoting more affordable car insurance policy in Lexington is quite easy. Nearly every driver who compares rate quotes for car insurance should be able to cut their insurance bill. But Kentucky drivers do need to understand the way companies set your policy premium because it varies considerably.

The most recommended method to get rate comparisons for Chrysler PT Cruiser insurance in Lexington is to know most of the bigger providers pay for the opportunity to provide you with a free rate quote. The only thing you need to do is provide details including coverage limits, any included safety features, daily mileage, and whether you have decent credit. That information is instantly provided to all major companies and they return rate quotes quickly.

To compare multiple company cheap Chrysler PT Cruiser insurance rates now, click here and enter the information requested.

The following companies offer free rate quotes in Lexington, KY. To get cheap car insurance in KY, we suggest you visit several of them to get the cheapest price.

Auto insurance statistics for a Chrysler PT Cruiser

The coverage information displayed next outlines detailed analysis of insurance policy prices for Chrysler PT Cruiser models. Having a good understanding how policy rates are figured can be of help when making smart choices when purchasing an insurance policy.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Rates do not factor in specific Lexington garaging location which can decrease or increase rates greatly.

Auto insurance deductibles

When comparing auto insurance rates, the most common question is which deductibles should you choose. The following tables approximate the differences in price when you select higher and lower policy deductibles. The first price estimate table uses a $250 deductible and the second data table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Prices do not factor in garaging location in Lexington which can modify auto insurance rates considerably.

Based on the data above, we can derive that using a $250 deductible costs about $20 more each month or $240 for a full year than requesting 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 average more than 38 months between claim filings, you would come out ahead by going with a higher deductible.

Price comparison of only insuring for liability

The chart below illustrates the comparison of Chrysler PT Cruiser auto insurance rates with liability coverage only compared to full coverage. The data assumes a clean driving record, no claims, $100 deductibles, drivers are not married, and no additional discounts are factored in.

Are you wasting money paying for full coverage?

There isn’t a steadfast formula for eliminating comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

For example, let’s pretend your Chrysler PT Cruiser claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $3,000 after you pay the deductible. If you are currently paying more than $300 a year for comprehensive and collision coverage, then it might be time to buy liability only.

There are some situations where dropping full coverage is not a good idea. If you have an outstanding loan on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not drop full coverage.

Why Smart Buyers Pay Less for Chrysler PT Cruiser Insurance

Smart consumers have a good feel for some of the things that aid in calculating car insurance rates. When you understand what determines premiums, this enables informed choices that could result in lower car insurance prices.

The following are some of the most common factors utilized by car insurance companies to help set your prices.

Liability coverage – A critical coverage on your policy, liability insurance kicks in in the event that you are responsible for an accident. It will provide for a legal defense starting from day one. Liability is cheap compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.

Premiums are high for teenagers – Older drivers are proven to be safer behind the wheel, cost insurance companies less in claims, and tend to be get fewer driving tickets. Drivers with little experience are statistically proven to get distracted easily with other occupants in the car therefore car insurance rates are much higher.

The next chart is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.

Get a ticket, pay higher prices – Attentive drivers have lower premiums as compared to those with violations. Having just one speeding ticket can increase rates forty percent or more. Drivers who get severe tickets like hit and run, DWI or reckless driving convictions may be required to complete a SR-22 with their state DMV in order to keep their license.

The example below illustrates how speeding tickets and at-fault collisions influence Chrysler PT Cruiser auto insurance costs for different age groups. The data assumes a married male driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.

What are your comp and collision deductibles? – Physical damage insurance, also called comprehensive and collision insurance, is used to repair damage to your Chrysler. Some coverage claims are colliding with a building, collision with an animal, and windstorm damage. Comp and collision deductibles are the amount of money you are required to spend out-of-pocket if the claim is covered. The more the insured is willing to pay, the bigger discount you will receive.

Certain vocations raise prices – Do you work in a high-stress field? Occupational choices like fire fighters, airline pilots, and stock brokers are shown to have higher average rates due to job stress and long work hours. On the other hand, occupations like actors, students and performers receive lower rates.

Gender and insurance coverage – Over the last 30 years, statistics show females are less aggressive when driving. However, this does not mean men are worse drivers. Women and men are responsible for accidents at a similar rate, but guys cause more damage and cost insurance companies more money. Not only that, but men also have more aggressive citations like DWI (DUI) or reckless driving. Male teenagers generally have the highest accident percentage and therefore are the most expensive to insure.

The information below illustrates the difference between Chrysler PT Cruiser insurance costs for male and female drivers. The information is based on no violations or claims, full coverage, $500 deductibles, marital status is single, and no discounts are applied to the premium.

Poor credit decisions can cost you – Credit rating can be an important factor in determining what you pay for car insurance. So if your credit rating leaves room for improvement, you could be paying less to insure your Chrysler PT Cruiser by improving your credit score. People that have very good credit scores tend to be better drivers and file fewer claims than drivers who have poor credit.

Qualify for multi-policy discounts – The majority of insurance companies will award a discount for people who have multiple policies with them. It’s known as a multi-policy discount. Even if you’re getting this discount it’s always a smart idea to shop around to help ensure you have the lowest rates.There is a chance you can save even more even if you have your coverage with different companies

Insuring your vehicle just makes sense

Despite the high cost, maintaining insurance serves several important purposes.

• Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a minimum amount of liability coverage in order to get the vehicle licensed. 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 your Chrysler PT Cruiser has a loan, almost every bank will make it mandatory that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the bank or lender will purchase a policy for your Chrysler at a more expensive rate and require you to pay a much higher amount than you were paying before.
• Car insurance protects your Chrysler PT Cruiser and your assets. It will also cover most medical and hospital costs for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also covers legal expenses if you are named as a defendant in an auto accident. If you have damage to your Chrysler as the result of the weather or an accident, your car insurance policy will cover the damage repairs after a deductible is paid.

The benefits of insuring your PT Cruiser outweigh the cost, especially for larger claims. An average driver in America is currently overpaying as much as $820 a year so it’s recommended you shop around each time the policy renews to ensure rates are inline.

Lexington auto insurance companies

Picking a high-quality auto insurance company can be challenging considering how many companies there are in Lexington. The information below could help you select which car insurance companies you want to consider purchasing a policy from.

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%