Save Money on Dodge Caliber Insurance in Lexington

It takes a few minutes, but the best way to find cheaper prices for Dodge Caliber insurance is to start doing a yearly price comparison from companies that insure vehicles in Lexington. You can shop around by following these guidelines.

1. Gain an understanding of how car insurance works and the changes you can make to drop your rates. Many things that are responsible for high rates like traffic violations and poor credit history can be controlled by making lifestyle changes or driving safer. This article provides instructions to find cheap rates and find overlooked discounts.
2. Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only quote rates from a single company like Progressive and State Farm, while independent agencies can quote prices from multiple sources.
3. Compare the new rate quotes to your existing rates to see if a cheaper price is available in Lexington. If you can save money, make sure coverage is continuous and does not lapse.
4. Tell your current agent or company of your decision to cancel your current policy and submit a down payment along with a signed application for your new coverage. Be sure to safely store the certificate verifying coverage along with the vehicle’s registration papers.

The most important part of shopping around is to use the same level of coverage on every quote request and and to get quotes from as many companies as feasibly possible. This guarantees an apples-to-apples comparison and a complete price analysis.

It’s a fact that car insurance companies don’t want you to look at other companies. Drivers who compare rates at least once a year are likely to buy a different policy because there is a significant possibility of finding more affordable rates. A recent insurance study discovered that drivers who shopped around saved an average of $72 a month compared to other drivers who never shopped around for lower prices.

If finding the best rates on Dodge Caliber insurance is why you’re here, then having a good understanding the best way to shop and compare insurance premiums can make the process more efficient.

To get low cost Lexington auto insurance quotes, there a variety of ways of comparing rate quotes from all the different companies. One of the best ways to find affordable Dodge Caliber insurance rates is to get quotes online. Keep in mind that comparing more quotes helps increase your odds of locating more affordable rates. Not every company does rate quotes online, so it’s necessary to compare rates from the smaller companies as well.

The auto insurance companies shown below have been selected to offer free rate quotes in Lexington, KY. If you wish to find cheap auto insurance in Kentucky, we suggest you compare several of them to get the best price comparison.

Auto insurance statistics and figures

The rate table displayed next covers a range of rate quotes for Dodge Caliber models. Knowing how auto insurance prices are figured helps drivers make smart policy decisions.

Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Price information does not factor in vehicle garaging location which can influence coverage rates substantially.

Auto insurance deductibles

A question often asked by Lexington drivers is where should you set your physical damage deductibles. The rates below may help to conceptualize the difference in cost between high and low physical damage coverage deductibles. The first price estimate table uses a $100 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Premium amounts do not factor in specific garaging location which can lower or raise rates greatly.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $31 more each month or $372 a year across all Dodge Caliber models than requesting the higher $1,000 deductible. Because you would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 29 months between claims, you would probably be better off by going with a higher deductible.

The chart below demonstrates how deductible levels and can influence Dodge Caliber yearly insurance costs for different age categories. The premiums are based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.

Choosing Dodge Caliber insurance is an important decision

Despite the high cost of buying insurance for a Dodge Caliber in Lexington, insurance may be required and benefits you in several ways.

• The majority of states have mandatory insurance requirements which means you are required to buy a specific minimum amount of liability protection 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 your Dodge Caliber has a lienholder, more than likely the lender will make it mandatory that you have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank may insure your Dodge at a more expensive rate and require you to reimburse them for the expensive policy.
• Insurance safeguards not only your Dodge Caliber but also your financial assets. It also can pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, also covers legal expenses if you are named as a defendant in an auto accident. If you have damage to your Dodge as the result of the weather or an accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of buying insurance definitely exceed the price paid, especially with large liability claims. Despite what companies tell you, the average driver overpays more than $800 each year so compare quotes from several companies every year to ensure rates are competitive.

How to know if you need help

Always remember that when buying proper insurance coverage for your personal vehicles, there really isn’t a one size fits all plan. Your needs are not the same as everyone else’s.

For example, these questions might help in determining if you could use an agent’s help.

• Do they offer discounts for home and auto coverage?
• Am I missing any policy discounts?
• Which companies will insure high-risk drivers?
• Do I need added coverage for expensive stereo equipment?
• When do I need to add a new car to my policy?
• Is my camper covered by my car insurance policy?

If you can’t answer these questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form.

Detailed coverages of your auto insurance policy

Having a good grasp of your auto insurance policy aids in choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be ambiguous and reading a policy is terribly boring.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for EMT expenses, rehabilitation expenses, prosthetic devices and surgery. They are often utilized in addition to your health insurance program or if you do not have health coverage. It covers both the driver and occupants as well as being hit by a car walking across the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages – This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as theft, a broken windshield and fire damage. The maximum amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required (which is 25/50/10), their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Collision coverage – Collision insurance pays for damage to your Caliber caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as colliding with another moving vehicle, sustaining damage from a pot hole, hitting a parking meter and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible on your Caliber in order to get cheaper collision rates.

Liability car insurance – This will cover damage that occurs to other’s property or people by causing an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/10 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $10,000 of coverage for damaged property.

Liability can pay for things like court costs, structural damage, loss of income and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase higher limits if possible. Kentucky state law requires minimum liability limits of 25/50/10 but you should think about purchasing more coverage.

The illustration below demonstrates why buying low liability limits may not be adequate.

One last thing to lower rates

People switch companies for a number of reasons such as high rates after DUI convictions, high prices, being labeled a high risk driver or even denial of a claim. Regardless of your reason, choosing a new company is less work than it seems.

While you’re price shopping online, it’s very important that you do not skimp on coverage in order to save money. There are many occasions where an insured dropped collision coverage only to regret that their decision to reduce coverage ended up costing them more. Your goal should be to buy a smart amount of coverage at the best cost, but don’t skip important coverages to save money.

A few companies may not provide price quotes online and these smaller companies prefer to sell through independent insurance agencies. Affordable Dodge Caliber insurance in Lexington is available online in addition to local insurance agencies, and you should be comparing both in order to have the best chance of saving money.

Much more information about insurance in Kentucky is located on the following sites:

• State Car Insurance Guides (GEICO)
• Who Has Cheap Auto Insurance Quotes for Government Employees in Lexington? (FAQ)
• Who Has Cheap Lexington Auto Insurance for a Nissan Sentra? (FAQ)
• Who Has Cheap Car Insurance for Low Income Drivers in Lexington? (FAQ)
• How Much are Car Insurance Quotes for a Jeep Grand Cherokee in Lexington? (FAQ)
• How Much is Lexington Auto Insurance for Young Drivers? (FAQ)
• Auto Insurance FAQ (Farmers Insurance)
• Teen Driver Licensing Information (iihs.org)
• Collision Coverage (Liberty Mutual)
• Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)