The recommended way to find the cheapest price for car insurance rates in Lexington is to begin comparing prices regularly from companies in Kentucky. Price quotes can be compared by completing these steps.
- Get an understanding of how companies price auto insurance and the changes you can make to drop your rates. Many policy risk factors that cause high rates such as traffic violations, accidents, and a negative credit score can be controlled by paying attention to minor details. Later in this article we will cover more ideas to get low prices and find overlooked discounts.
- Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from one company like Progressive or Farmers Insurance, while independent agents can give you price quotes for many different companies.
- Compare the new quotes to your existing coverage to determine if switching companies saves money. If you find a lower rate and buy the policy, verify that coverage does not lapse between policies.
- Notify your company or agent of your intention to cancel your current auto insurance policy and submit a signed application and payment to the newly selected company. Be sure to place your new certificate verifying coverage in an easily accessible location.
One thing to remember is that you use the same deductibles and limits on every price quote and and to get rates from every insurance company. This ensures a level playing field and a better comparison of the market.
Shocking but true, most consumers have bought auto insurance from the same company for a minimum of four years, and approximately 38% of consumers have never compared rates with other companies. Drivers in Kentucky could save approximately 30% every year, but they assume it’s a waste of time to compare rates online.
Quote Lexington Subaru Impreza insurance online
It’s important to know that comparing more prices increases your odds of finding a lower rate. Some companies don’t provide online Lexington Impreza insurance quotes, so it’s recommended that you also compare price quotes from them as well.
The companies shown below provide free quotes in Kentucky. If you want cheap car insurance in Lexington, we suggest you visit several of them in order to get a fair rate comparison.
Three reasons auto insurance is important
Despite the high cost of buying insurance for a Subaru Impreza in Lexington, maintaining insurance is required by state law in Kentucky and it also provides benefits you may not be aware of.
First, the majority of states have mandatory insurance requirements which means the state requires a minimum amount of liability insurance coverage in order to drive the car. 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 you bought your Subaru Impreza with a loan, almost every bank will stipulate that you buy full coverage to guarantee loan repayment. If you do not pay your insurance premiums, the lender may insure your Subaru at an extremely high rate and require you to reimburse them the higher price.
Third, auto insurance preserves both your car and your assets. Insurance will also pay for medical expenses for yourself as well as anyone injured by you. Liability insurance also pays expenses related to your legal defense if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.
The benefits of carrying adequate insurance more than cancel out the cost, especially with large liability claims. An average driver in America is wasting up to $810 a year so it’s very important to do a rate comparison at every policy renewal to ensure rates are inline.
Analysis of coverages
The price information shown next outlines detailed analysis of policy rates for Subaru Impreza models. Being aware of how rate quotes are determined helps drivers make decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Impreza 2.5I 4WD Station Wagon | $276 | $480 | $396 | $24 | $118 | $1,294 | $108 |
| Impreza 2.5I 4WD Station Wagon | $276 | $480 | $396 | $24 | $118 | $1,294 | $108 |
| Impreza Outback Sport 4WD Station Wagon | $276 | $584 | $396 | $24 | $118 | $1,398 | $117 |
| Impreza 2.5I AWD 4-Dr | $310 | $584 | $396 | $24 | $118 | $1,432 | $119 |
| Impreza 2.5I Premium Package AWD 4-Dr | $310 | $688 | $396 | $24 | $118 | $1,536 | $128 |
| Impreza WRX 4WD Station Wagon | $310 | $688 | $396 | $24 | $118 | $1,536 | $128 |
| Impreza 2.5 GT 4WD Station Wagon | $346 | $688 | $396 | $24 | $118 | $1,572 | $131 |
| Impreza WRX AWD 4-Dr | $346 | $792 | $396 | $24 | $118 | $1,676 | $140 |
| Impreza 2.5I GT AWD 4-Dr | $346 | $792 | $396 | $24 | $118 | $1,676 | $140 |
| Impreza WRX STI 4WD Station Wagon | $346 | $792 | $396 | $24 | $118 | $1,676 | $140 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Premium costs do not factor in specific Lexington garaging location which can change insurance rates substantially.
Deductible analysis
One of the more difficult decisions when buying insurance is how high should your deductibles be. The following insurance rates can help you understand the rate difference when you choose different coverage deductibles. The first set of prices uses a $250 deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Impreza 2.5I 4WD Station Wagon | $252 | $350 | $326 | $20 | $98 | $1,071 | $89 |
| Impreza 2.5I 4WD Station Wagon | $252 | $350 | $326 | $20 | $98 | $1,071 | $89 |
| Impreza Outback Sport 4WD Station Wagon | $252 | $426 | $326 | $20 | $98 | $1,147 | $96 |
| Impreza 2.5I AWD 4-Dr | $284 | $426 | $326 | $20 | $98 | $1,179 | $98 |
| Impreza 2.5I Premium Package AWD 4-Dr | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| Impreza WRX 4WD Station Wagon | $284 | $500 | $326 | $20 | $98 | $1,253 | $104 |
| Impreza 2.5 GT 4WD Station Wagon | $318 | $500 | $326 | $20 | $98 | $1,287 | $107 |
| Impreza WRX AWD 4-Dr | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| Impreza 2.5I GT AWD 4-Dr | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| Impreza WRX STI 4WD Station Wagon | $318 | $576 | $326 | $20 | $98 | $1,363 | $114 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Impreza 2.5I 4WD Station Wagon | $156 | $220 | $326 | $20 | $98 | $820 | $68 |
| Impreza 2.5I 4WD Station Wagon | $156 | $220 | $326 | $20 | $98 | $820 | $68 |
| Impreza Outback Sport 4WD Station Wagon | $156 | $268 | $326 | $20 | $98 | $868 | $72 |
| Impreza 2.5I AWD 4-Dr | $176 | $268 | $326 | $20 | $98 | $888 | $74 |
| Impreza 2.5I Premium Package AWD 4-Dr | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Impreza WRX 4WD Station Wagon | $176 | $316 | $326 | $20 | $98 | $936 | $78 |
| Impreza 2.5 GT 4WD Station Wagon | $196 | $316 | $326 | $20 | $98 | $956 | $80 |
| Impreza WRX AWD 4-Dr | $196 | $362 | $326 | $20 | $98 | $1,002 | $84 |
| Impreza 2.5I GT AWD 4-Dr | $196 | $362 | $326 | $20 | $98 | $1,002 | $84 |
| Impreza WRX STI 4WD Station Wagon | $196 | $362 | $326 | $20 | $98 | $1,002 | $84 |
| Get Your Own Custom Quote Go | |||||||
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, homeowner, safe-driver, and multi-policy. Table data does not factor in specific location which can decrease or increase insurance rates noticeably.
Based on the figures above, using a $250 deductible costs approximately $26 more each month or $312 every year than buying the higher $1,000 deductible. Because you would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 29 months between claim filings, you would come out ahead if you opt for a higher deductible.
Tickets and at-fault accidents raise rates
The information below demonstrates how speeding tickets and accident claims can affect Subaru Impreza insurance prices for each different age category. The information is based on a married male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.
Does full coverage make sense?
The illustration below illustrates the comparison of Subaru Impreza car insurance costs with full coverage compared to only the Kentucky minimum liability coverage. The premiums assume no tickets, no at-fault accidents, $250 deductibles, marital status is single, and no discounts are applied to the premium.
Guidelines for eliminating full coverage
There is no exact formula that is best for determining when to drop full coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Subaru Impreza replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $2,000 after the policy deductible has been paid. If premiums are more than $200 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some situations where removing full coverage is not financially feasible. If you haven’t satisfied your loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Auto insurance policy discounts for Subaru Impreza insurance in Lexington
Car insurance can cost a lot, but you may qualify for discounts that many consumers don’t even know exist. Some discounts will apply at the time of purchase, but a few must be specifically requested before you will receive the discount. If you check and find you aren’t receiving every discount possible, you’re just leaving money on the table.
- 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for a discount up to 10%.
- Pay Now and Pay Less – If you pay your bill all at once rather than paying monthly you can actually save on your bill.
- No Claim Discounts – Drivers who don’t have accidents pay much less as opposed to accident-prone drivers.
- Student in College – Children who are enrolled in a college that is more than 100 miles from Lexington and won’t have access to an insured vehicle could get you a discount.
- One Accident Forgiven – Not a discount per se, but some companies like Allstate and State Farm may permit one accident without the usual rate increase if you have no claims prior to the accident.
- Passive Restraints – Options like air bags or automatic seat belts may qualify for discounts of up to 25% or more.
Don’t be surprised that some of the credits will not apply to all coverage premiums. A few only apply to individual premiums such as liability, collision or medical payments. So even though it sounds like adding up those discounts means a free policy, companies wouldn’t make money that way.
The information below illustrates the comparison of Subaru Impreza annual premium costs with and without discounts applied. The data is based on a male driver, no driving violations, no at-fault accidents, Kentucky state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, safe-driver, homeowner, multi-car, and multi-policy discounts applied.
Insurance companies who may offer some of the discounts shown above include:
Check with each company which credits you are entitled to. All car insurance discounts might not be available to policyholders everywhere. To choose providers that have a full spectrum of discounts in Kentucky, follow this link.
Compare rate quotes but buy from a local Lexington insurance agent
Many people still like to sit down and talk to an agent and doing that can be a smart decision An additional benefit of comparing insurance prices online is the fact that you can find better rates and still have an agent to talk to.
To find an agent, once you fill out this quick form, your insurance coverage information is immediately sent to local insurance agents who will give you quotes to get your business. There is no reason to visit any agencies because prices are sent immediately to you. You can most likely find cheaper rates and an insurance agent to talk to. If you have a need to get a price quote from a specific company, you just need to visit that company’s website and give them your coverage information.
Selecting an provider requires you to look at more than just the premium amount. These questions are important to ask:
- What company holds the largest book of business for them?
- Is every driver in your family covered?
- What insurance companies do they recommend if they are an independent agent?
- How will an accident affect your rates?
- Will the agent help in case of a claim?
- Has the agent ever had any license suspensions?
Types of car insurance agents in Lexington
If you need to find an insurance agent, you should know the different types of agents and how they work. Agents may be either independent or exclusive depending on the company they work for.
Exclusive Insurance Agents
Exclusive agencies write business for a single company such as State Farm, Allstate, and Farm Bureau. They are unable to shop your coverage around so keep that in mind. Exclusive agents are highly trained in insurance sales which aids in selling service over price. Some people will only buy from the same agent for years mainly due to the prominence of the brand and solid financial strength.
Shown below are Lexington exclusive agents that can give you price quotes.
- State Farm: Bethany Hicks
1050 Chinoe Rd #100 – Lexington, KY 40502 – (859) 264-0246 – View Map - Howard Shelton State Farm
2614 Richmond Road – Lexington, KY 40509 – (859) 266-6640 – View Map - Tophan Kulkriwes – State Farm Insurance Agent
1010 Monarch St #250 – Lexington, KY 40513 – (859) 276-4422 – View Map
Independent Agents (or Brokers)
Agents in the independent channel do not sell for just one brand so they can insure your vehicles with a variety of different insurance companies and get the cheapest rates. If prices rise, an independent agent can move your coverage which requires no work on your part. When comparing rate quotes, you definitely need to check rates from independent agents to ensure the widest selection of prices. They often place coverage with smaller companies which could offer lower prices.
Shown below is a short list of independent agents in Lexington that are able to give price quote information.
- Lexington Insurance Agency, Inc.
465 E High St #101 – Lexington, KY 40507 – (859) 253-6570 – View Map - Barnes Insurance Center
1202 Winchester Rd #100 – Lexington, KY 40505 – (859) 253-2728 – View Map - Carroll and Stone Insurance Services
4384 Clearwater Way – Lexington, KY 40515 – (859) 269-1044 – View Map
Tailor your insurance coverage to you
Always keep in mind that when comparing adequate coverage for your vehicles, there really is no “perfect” insurance plan. Your situation is unique so your insurance should reflect that
These are some specific questions might point out whether your personal situation might need an agent’s assistance.
- Do I really need UM/UIM coverage?
- Do I have coverage if I rent a car in Mexico?
- Do I need replacement cost coverage on my Subaru Impreza?
- When should I not file a claim?
- Do I need to file an SR-22 for a DUI in Kentucky?
- Are my friends covered when driving my car?
- Can I get by with minimal medical coverage if I have good health insurance?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.
Smart consumers save more
You just learned a lot of ways to shop for Subaru Impreza insurance online. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. Drivers may even discover the most savings is with the smaller companies. These companies may have significantly lower car insurance rates on certain market segments as compared to the big name companies such as State Farm, GEICO and Nationwide.
When searching for low cost Lexington car insurance quotes, make sure you don’t reduce coverage to reduce premium. There are too many instances where someone sacrificed liability limits or collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your goal is to purchase a proper amount of coverage at an affordable rate and still be able to protect your assets.
Cheaper auto insurance in Lexington is attainable both online as well as from insurance agents, so you should compare both in order to have the best chance of saving money. A few companies may not provide rate quotes online and these smaller companies sell through local independent agents.
More tips and info about auto insurance is located by following these links:
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- How Much is Car Insurance for Teachers in Lexington? (FAQ)
- Who Has Affordable Lexington Car Insurance Quotes for a Mazda CX-7? (FAQ)
- Who Has Cheap Auto Insurance Rates for a Toyota Highlander in Lexington? (FAQ)
- Who Has the Cheapest Lexington Auto Insurance for Postal Workers? (FAQ)
- Who Has Cheap Auto Insurance Rates for a GMC Sierra in Lexington? (FAQ)
- Who Has Affordable Car Insurance Quotes for Good Students in Lexington? (FAQ)
- Property Damage Coverage (Liberty Mutual)
- Car Insurance FAQ (Trusted Choice)
- Teen Driver Statistics (Insurance Information Institute)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)