Cheap Insurance for a Subaru Legacy in Lexington

Searching for lower-priced car insurance rates in Lexington, KY? Lexington buyers have lots of choices when searching for low-cost Subaru Legacy insurance. You can either spend your time struggling with agents to compare prices or save time using the internet to compare rates.

There are both good and bad ways to buy car insurance so we’re going to tell you the best way to compare rates on a Subaru and locate the lowest possible price either online or from Lexington insurance agents.

A recent car insurance study discovered that most consumers renewed their policy with the same company for over three years, and just under half have never quoted car insurance rates at all. Kentucky drivers could save an average of almost $630 each year by just comparing rate quotes, but they think it’s difficult to compare rates.

The best way we recommend to get policy rate comparisons for Subaru Legacy insurance in Lexington takes advantage of the fact most larger insurance companies will pay a fee to compare their rates. All consumers are required to do is provide a small amount of information like how much education you have, your job, the year, make and model of vehicles, and if you lease or own. That rating information is submitted instantly to multiple different insurance companies and you will get price comparisons within a short period of time.

To get price quotes for your car now, click here and find out if lower rates are available in Lexington.

The companies in the list below provide free rate quotes in Lexington, KY. To locate cheap car insurance in Lexington, KY, we recommend you visit two to three different companies in order to get a fair rate comparison.

Coverage statistics and figures

The rate information shown next highlights detailed analysis of insurance policy prices for Subaru Legacy models. Learning more about how insurance policy rates are formulated can help drivers make smart buying decisions.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rates do not factor in your specific Lexington location which can lower or raise premiums significantly.

Where to set your deductibles

One of the most common insurance questions is what deductibles to buy. The rates shown below summarize how much more you’ll pay when you buy lower versus higher coverage deductibles. The first table uses a $250 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Premium amounts do not factor in specific location information which can impact rates greatly.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs about $27 more each month or $324 annually across all Subaru Legacy models than selecting the higher $1,000 deductible. Because you would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 28 months between claim filings, you would probably be better off if you choose the higher deductible. Here’s how you can decide this on your own policy.

One important issue to know is that increasing deductibles to lower your rates means you will have to cover more of the damage yourself when you have to file a claim. You need some funds available in the event you have to pay the higher deductible.

Full coverage versus liability only rates

The diagram below shows the comparison of Subaru Legacy car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Kentucky. The premiums assume no claims or violations, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

Deciding between full coverage and liability only

There isn’t a written rule that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is more than around 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let’s say your Subaru Legacy replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $6,000 after the deductible is paid. If premium cost is more than $600 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are a few cases where dropping full coverage is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not buy liability only.

Discounts can help to save on Subaru Legacy insurance in Lexington

Auto insurance can be pricey, but there’s a good chance there are discounts that many people don’t even know exist. Certain credits will be shown at quote time, but a few need to be asked for before being credited. If you are not receiving all the discounts possible, you are paying more than you should be.

• Data Collection Discounts – People who choose to allow their insurance company to look at driving manner remotely such as Drivewise from Allstate or Snapshot from Progressive might see lower rates as long as they are good drivers.
• Defensive Driver Discounts – Successfully completing a course in driver safety could save 5% or more if you qualify.
• Savings for New Vehicles – Buying coverage on a new vehicle may earn a small discount since new model year vehicles are generally safer.
• No Accidents – Good drivers with no accidents pay less as compared to policyholders that have many claims.
• Paper-free Discount – Many larger companies will give a small break for signing up over the internet.

It’s important to understand that most credits do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as medical payments or collision. Just because you may think you could get a free auto insurance policy, company stockholders wouldn’t be very happy.

The chart below visualizes the comparison of Subaru Legacy auto insurance costs with and without discounts being applied to the rates. The price estimates are based on a male driver, a clean driving record, no at-fault accidents, Kentucky state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, claim-free, multi-policy, multi-car, and safe-driver discounts applied.

Companies and some of the premium reductions they offer can be read below.

• State Farm may have discounts that include Steer Clear safe driver discount, multiple autos, student away at school, accident-free, and anti-theft.
• Progressive may offer discounts for online signing, good student, multi-policy, continuous coverage, and online quote discount.
• Progressive has discounts for continuous coverage, multi-policy, online quote discount, homeowner, and multi-vehicle.
• MetLife has savings for defensive driver, good student, accident-free, good driver, multi-policy, and claim-free.
• Farm Bureau offers discounts for youthful driver, good student, 55 and retired, safe driver, multi-vehicle, multi-policy, and driver training.
• GEICO offers discounts including military active duty, five-year accident-free, multi-vehicle, membership and employees, and good student.
• SAFECO discounts include homeowner, teen safety rewards, anti-lock brakes, drive less, and teen safe driver.

When quoting, ask each company or agent the best way to save money. Savings might not be available to policyholders in Lexington. To choose insurers that offer the discounts shown above in Lexington, click this link.

Insurance is not optional but you don’t have to overpay

Despite the high cost, insurance may be mandatory for several reasons.

• Almost all states have mandatory insurance requirements which means you are required to carry a minimum amount of liability protection in order to license the vehicle. 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 Subaru Legacy, more than likely the lender will make it a condition of the loan that you have full coverage to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the bank may insure your Subaru for a lot more money and require you to fork over for it.
• Insurance protects your car and your assets. It will also cover medical transport and hospital expenses incurred in an accident. As part of your policy, liability insurance will also pay for a defense attorney if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to have it repaired.

The benefits of buying enough insurance are definitely more than the cost, particularly when you have a large claim. As of last year, the average driver in Kentucky is currently overpaying as much as $825 a year so it’s very important to do a rate comparison each time the policy renews to ensure rates are competitive.

What is the best car insurance company in Kentucky?

Choosing the best insurance provider can be difficult considering how many companies provide coverage in Kentucky. The information shown next can help you pick which insurers to look at shopping prices with.

Top 10 Lexington Car Insurance Companies by A.M. Best Rank

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Erie Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. Nationwide – A+
9. The Hartford – A+
10. Allstate – A+

Top 10 Lexington Car Insurance Companies Ranked by Value

1. Travelers
2. American Family
3. AAA Insurance
4. Safeco Insurance
5. Progressive
6. The Hartford
7. Erie Insurance
8. The General
9. Esurance
10. 21st Century

Different people need different car insurance coverages

When it comes to buying proper insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Your needs are unique to you.

Here are some questions about coverages that might help in determining whether you might need professional guidance.

• How high should my medical payments coverage be?
• Is my babysitter covered when using my vehicle?
• How much liability do I need to cover my assets?
• Can I pay claims out-of-pocket if I buy high deductibles?
• What is the difference between comprehensive and collision coverage?
• What does UM/UIM cover?
• Can I drive in Mexico and have coverage?

If you can’t answer these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form. It’s fast, doesn’t cost anything and can help protect your family.

Compare rates but work with a local neighborhood Lexington car insurance agent

Many people just want to visit with an insurance agent and we recommend doing that Experienced insurance agents are trained to spot inefficiencies and help in the event of a claim. One of the great benefits of getting online price quotes is you may find cheap auto insurance rates and also buy local. Supporting small agencies is definitely important in Lexington.

To help locate an agent, after submitting this form (opens in new window), the coverage information is transmitted to insurance agents in Lexington that can give you free Lexington auto insurance quotes for your business. It’s much easier because you don’t need to drive around since price quotes are sent to the email address you provide. In the event you want to compare prices for a specific company, you can always search and find their rate quote page and give them your coverage information.

If you are wanting to purchase auto insurance from a local Lexington insurance agency, you should know the types of agencies and how they can write your policy. Auto insurance policy providers are either exclusive or independent agents depending on their company appointments. Both types can do a good job, but it’s important to know the difference in how they write coverage since it may influence which agent you choose.

Independent Agencies or Brokers

Agents that elect to be independent often have many company appointments and that allows them to write policies with any number of different companies enabling the ability to shop coverage around. If your premiums go up, they simply move the coverage in-house and you don’t have to switch agencies. When shopping rates, you will definitely want to compare quotes from several independent agencies for the best price selection. Many write coverage with less well-known companies who may have lower rates.

Below are independent insurance agents in Lexington that can possibly get you price quote information.

• Nicole Wright Insurance Agency
  169 E Reynolds Rd #102 – Lexington, KY 40517 – (859) 971-0221 – View Map
• Nationwide Insurance: McGuire Insurance Agency, Inc
  185 Pasadena Dr Ste 235 – Lexington, KY 40503 – (859) 268-2542 – View Map
• Al Torstrick Insurance Agency
  343 Waller Ave #101 – Lexington, KY 40504 – (859) 233-1461 – View Map

More insurance agents

Exclusive Insurance Agencies

These type of agents normally can only provide a single company’s rates and some examples include AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agencies are unable to place coverage with different providers so they really need to provide good service. They are well schooled on what they offer which helps offset the inability to provide other markets. Some insured continue to buy from the same agent for years partially due to high brand loyalty and the convenience of having all coverages with one company.

Listed below are exclusive agents in Lexington that are able to give comparison quotes.

• Allstate Insurance: Tom Barrick
  2891 Richmond Rd Ste 115 – Lexington, KY 40509 – (859) 268-3222 – View Map
• Allstate Insurance: Mike Ison
  2121 Richmond Rd Ste 145 – Lexington, KY 40502 – (859) 268-8850 – View Map
• John Parkhurst – State Farm Insurance
  1795 Alysheba Way #2104 – Lexington, KY 40509 – (859) 264-4422 – View Map

More insurance agents

Finding the right insurance agent is decision based upon more than just the premium amount. Agents should be asked these questions:

• Will the company cover a rental car if your car is getting fixed?
• Is vehicle mileage a factor when determining depreciation for repairs?
• Can they give you a list of client referrals?
• How many years of experience in personal auto insurance do they have?
• Can glass claims be handled at your home?
• Do they feel the quoted coverages are adequate?

If you get good responses for all questions you ask as well as a price you’re happy with, it’s a good possibility that you have found a car insurance agent that will properly insure your vehicles.