Cheapest and Best Car Insurance in Lexington, KY (July 2024)


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Updated: August 4, 2024

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In Lexington, Kentucky, Cincinnati Insurance offers the cheapest minimum coverage car insurance. It also has the best customer service and the best overall value for price and service. Auto-Owners is the most affordable for full coverage, while Nationwide provides the most cost-effective rate for families with teens. Remember, the best choice hinges on personal coverage preferences.

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2024

Cheapest and Best Car Insurance in Lexington

Why Trust MoneyGeek? We analyzed 25,510 quotes in Kentucky from 13 companies, used six sources and conducted original research to rate the cheapest companies and develop a scoring system for CITY insurance providers based on ZIP codes in the city only. Our scores are based on affordability, customer satisfaction, claims experience, coverages offered and financial stability.

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These rates reflect the cheapest car insurance quotes in Lexington, KY, as of July 2024.

25,510Quotes Analyzed
 
13Companies Compared

Cheapest Minimum Coverage Car Insurance in Lexington

MoneyGeek found that Cincinnati Insurance offers the most affordable minimum coverage car insurance in Lexington, with costs significantly lower than competitors. When considering car insurance options, referring to cheapest car insurance can lead to substantial savings. The top two cheapest choices for minimum coverage are:

  • Cincinnati Insurance: $344 per year
  • Auto-Owners: $436 per year

Grange Insurance has the priciest minimum coverage policy in Lexington, at $1,028 per year. The notable $684 difference between the highest and lowest price highlights the need to compare car insurance rates to secure financial savings.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
Cincinnati InsuranceAnnual Premium$344Monthly Premium$29
Auto-Owners Insurance CoAnnual Premium$436Monthly Premium$36
Kentucky Farm BureauAnnual Premium$438Monthly Premium$37
TravelersAnnual Premium$488Monthly Premium$41
NationwideAnnual Premium$517Monthly Premium$43
ShelterAnnual Premium$568Monthly Premium$47
ProgressiveAnnual Premium$585Monthly Premium$49
State FarmAnnual Premium$591Monthly Premium$49
GEICOAnnual Premium$612Monthly Premium$51
WestfieldAnnual Premium$722Monthly Premium$60
AllstateAnnual Premium$886Monthly Premium$74
Grange InsuranceAnnual Premium$1,028Monthly Premium$86

State Minimum Liability Requirements

In Kentucky, state law prescribes the minimum car insurance coverage required. These are the mandated limits:

  • $25,000 bodily injury per person
  • $50,000 bodily injury per accident
  • $25,000 property damage liability per accident
  • $10,000 personal injury protection (PIP) per person

If you're at fault in an accident, your minimum coverage will cover up to $25,000 for an individual's injuries and $50,000 total for injuries per accident. Should costs exceed these limits, the extra expenses would come out of your pocket.

Cheapest Full Coverage Car Insurance in Lexington

MoneyGeek found that Auto-Owners provides the cheapest full coverage car insurance in Lexington. Residents can enjoy significant savings with the leading providers:

  • Auto-Owners: $851 per year
  • Nationwide: $878 per year

Allstate offers the priciest policy in Lexington, with an average annual cost of $1,547. The difference of $633 between the cheapest and most costly options highlights the importance of shopping around, as full coverage car insurance costs significantly more than minimum coverage due to the inclusion of comprehensive and collision coverage.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Auto-Owners Insurance CoAnnual Premium$851Monthly Premium$71
NationwideAnnual Premium$878Monthly Premium$73
TravelersAnnual Premium$920Monthly Premium$77
Cincinnati InsuranceAnnual Premium$944Monthly Premium$79
Kentucky Farm BureauAnnual Premium$958Monthly Premium$80
ShelterAnnual Premium$1,098Monthly Premium$92
GEICOAnnual Premium$1,169Monthly Premium$97
State FarmAnnual Premium$1,275Monthly Premium$106
ProgressiveAnnual Premium$1,287Monthly Premium$107
Grange InsuranceAnnual Premium$1,463Monthly Premium$122
AllstateAnnual Premium$1,484Monthly Premium$124
WestfieldAnnual Premium$1,547Monthly Premium$129

Do You Need Full Coverage in Kentucky?

Full coverage policies enhance liability limits by incorporating both comprehensive and collision protection.

  • Collision Protection: This ensures your vehicle is covered for damage from impacts with other vehicles or objects like a tree or light pole. It also covers rollover accidents and pothole damage.

  • Comprehensive Protection: This offers financial security against damage to your vehicle from non-collision incidents, such as theft, vandalism, fires, natural disasters or being struck by an animal like a deer.

For new vehicles, acquiring full coverage insurance is prudent to protect your investment. However, with older models, the benefit of additional coverage may not outweigh the cost, potentially amounting to hundreds more in expenses. When figuring out how much car insurance you need, consider how higher levels of coverage mean higher premiums, whereas opting for lower levels can leave you underinsured.

Cheapest Car Insurance in Lexington After a Driving Offense

MoneyGeek found that the cheapest full coverage option for drivers in Lexington with a poor driving record varies based on the driving offense. Here are the cheapest providers based on specific driving offenses:

  • Speeding Ticket: Kentucky Farm Bureau ($958 per year)
  • At-Fault Accident: Auto-Owners ($1,194 per year)
  • DUI: State Farm ($1,276 per year)

Grange Insurance has the most expensive option after a speeding ticket at $2,062 per year. GEICO is the most expensive provider after an at-fault accident, costing $2,598 per year. Westfield is the priciest for drivers with a DUI at $4,117 per year. The disparity in insurance premiums following different offenses can be substantial, demonstrating how different offenses can significantly impact car insurance rates.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
Kentucky Farm BureauAnnual Premium$958Monthly Premium$80
Auto-Owners Insurance CoAnnual Premium$980Monthly Premium$82
ShelterAnnual Premium$1,127Monthly Premium$94
Cincinnati InsuranceAnnual Premium$1,133Monthly Premium$94
NationwideAnnual Premium$1,168Monthly Premium$97
State FarmAnnual Premium$1,276Monthly Premium$106
TravelersAnnual Premium$1,291Monthly Premium$108
GEICOAnnual Premium$1,410Monthly Premium$117
ProgressiveAnnual Premium$1,626Monthly Premium$136
AllstateAnnual Premium$1,766Monthly Premium$147
WestfieldAnnual Premium$1,831Monthly Premium$153
Grange InsuranceAnnual Premium$2,062Monthly Premium$172

In cities like Lexington, insurance premiums typically increase with the severity of a driving offense due to the heightened risk perceived by insurers. For instance, drivers with a speeding ticket may face an average annual rate of $1,748, whereas those with a DUI could see rates soar to $2,683. Such significant differences underscore the importance for individuals with driving offenses to compare insurance rates diligently, potentially saving hundreds of dollars.

Cheapest Car Insurance in Lexington for Teens and Their Families

MoneyGeek found that Nationwide offers the cheapest car insurance for teens in Lexington. These are the most affordable providers:

  • Nationwide: $1,855 per year for female teens and $1,979 per year for male teens
  • Allstate: $1,989 per year for female teens and $2,095 per year for male teens

These rates are based on a combined policy for two parents and a teenage driver. GEICO has the highest annual rate for female teen drivers in Lexington, at $3,876 — higher than Nationwide's policy by $2,021. This striking difference underscores the need to compare quotes, especially with young drivers, who are statistically more prone to accidents and more expensive to insure.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
NationwideFamily Plan Annual Premium$1,855Individual Plan Monthly Premium$3,100
AllstateFamily Plan Annual Premium$1,989Individual Plan Monthly Premium$7,125
State FarmFamily Plan Annual Premium$2,098Individual Plan Monthly Premium$2,291
TravelersFamily Plan Annual Premium$2,364Individual Plan Monthly Premium$4,319
Auto-Owners Insurance CoFamily Plan Annual Premium$2,903Individual Plan Monthly Premium$2,518
ProgressiveFamily Plan Annual Premium$3,263Individual Plan Monthly Premium$8,318
GEICOFamily Plan Annual Premium$3,876Individual Plan Monthly Premium$7,914

In Lexington and many other cities, young drivers face steep car insurance premiums, with a marked difference when they purchase individually vs. being added to a family plan. Teens may pay significantly more for an individual policy and find getting approval challenging. Joining a family plan becomes a more cost-effective option due to the pooling of risks and the extended coverage benefits it offers. Insurers view teens as high-risk drivers due to their inexperience, leading to higher individual premiums and stricter qualification requirements. It is financially prudent for families to opt for joint policies, reducing costs while providing necessary protection for their young drivers.

Cheapest Car Insurance in Lexington for Military Drivers

MoneyGeek found that Auto-Owners is the cheapest option for full coverage car insurance for military backgrounds in Lexington. For veterans and military members looking for the most affordable rates, here are the top contenders:

  • Auto-Owners: $851 per year
  • Nationwide: $878 per year

Despite not being the lowest-priced option, USAA ranks sixth with a competitive annual premium of $1,015. The company is a commendable choice for military families seeking insurance providers that understand and specifically cater to the unique needs of active duty military members.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Auto-Owners Insurance CoAnnual Premium$851Monthly Premium$71
NationwideAnnual Premium$878Monthly Premium$73
TravelersAnnual Premium$920Monthly Premium$77
Cincinnati InsuranceAnnual Premium$944Monthly Premium$79
Kentucky Farm BureauAnnual Premium$958Monthly Premium$80
USAAAnnual Premium$1,015Monthly Premium$85
ShelterAnnual Premium$1,098Monthly Premium$92
GEICOAnnual Premium$1,169Monthly Premium$97
State FarmAnnual Premium$1,275Monthly Premium$106
ProgressiveAnnual Premium$1,287Monthly Premium$107
Grange InsuranceAnnual Premium$1,463Monthly Premium$122
AllstateAnnual Premium$1,484Monthly Premium$124
WestfieldAnnual Premium$1,547Monthly Premium$129

How to Compare Cheap Lexington Car Insurance Quotes Online

Finding the most competitive car insurance rates in Lexington requires thorough comparison, which might take upwards of 15 minutes per insurer. This becomes a time-consuming task if reviewing three or more companies.

MoneyGeek's car insurance calculator is an efficient tool tailored to focus on key factors influencing car insurance premiums in Lexington. Input details like your age, driving record, credit score and desired coverage to obtain a swift, tailored rate estimate.

Car Insurance Calculator

MoneyGeek's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Oct 04, 2024

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Best Car Insurance in Lexington: Overview

Choosing the best car insurance depends on how you value factors like service, cost and coverage. MoneyGeek's unique scoring system evaluated the top car insurance providers in Lexington for various preferences:

  • Best overall: Cincinnati Insurance (MoneyGeek score 92 out of 100)
  • Best for service: Cincinnati Insurance (MoneyGeek score 93 out of 100)
  • Best cheap: Cincinnati Insurance (MoneyGeek score 96 out of 100)

Cincinnati Insurance is the top provider for the three categories, offering the best service, affordability and overall value.

Overall Best Car Insurance in Lexington

MoneyGeek found that Cincinnati Insurance is the top option in Lexington for car owners seeking the best car insurance.

  • Cincinnati Insurance: MoneyGeek score of 92 out of 100 ($944 per year)
  • Auto-Owners: MoneyGeek score of 88 out of 100 ($851 per year)

Cincinnati Insurance sets itself apart with a strong combination of high marks in customer satisfaction and affordability. Its high score for a full coverage policy demonstrates excellence that Lexington car owners can count on.

Company logo for Cincinnati Insurance
Best OverallCincinnati Insurance
MoneyGeek Score:
92/ of 100

Overview

Cincinnati Insurance outranks its competition primarily due to top scores in coverage and satisfaction, which are significant contributors to its excellent MoneyGeek score. The company ensures protection with two common car insurance coverages: roadside assistance and rental car and/or travel reimbursement. It also offers new car replacement and gap insurance.

Cincinnati Insurance's rare coverages offer considerable benefits for many drivers. The glass deductible modification eliminates the deductible for glass repairs — a common and often unexpected expense. The safety restraint benefit doubles the medical coverage for injuries when seatbelts are used, promoting and rewarding safe driving habits. The company also covers the cost of replacing child safety seats after an accident without depreciation, ensuring the youngest passengers remain protected. This comprehensive range of options and its high ratings demonstrate why Cincinnati Insurance leads in offering valuable car insurance.

Best Car Insurance in Lexington for Customer Service

MoneyGeek found that Cincinnati Insurance is the best option in Lexington for car insurance customer service. It stands out with superior general satisfaction, effective claims handling and comprehensive coverage.

  • Cincinnati Insurance: MoneyGeek score of 93 out of 100 ($944 per year)
  • Westfield: MoneyGeek score of 92 out of 100 ($1,547 per year)

Cincinnati Insurance distinguishes itself from competitors with an impressive balance of high satisfaction rates and claims resolution capabilities, which are significant factors contributing to its top MoneyGeek score. Its stellar performance in these areas ensures that policyholders receive unparalleled service quality and coverage reliability.

Company logo for Cincinnati Insurance
Best for Customer ServiceCincinnati Insurance
MoneyGeek Score:
93/ of 100

Overview

Cincinnati Insurance's MoneyGeek score is bolstered mainly by its exceptional satisfaction and coverage scores. The company ensures protection with two common coverages: rental car and/or travel reimbursement and roadside assistance. It also offers new car replacement and gap insurance, enhancing its overall service provision.

Cincinnati Insurance offers beneficial rare coverages. Its glass deductible modification is widely applicable, waiving deductibles for glass repair — a frequent concern for drivers. Antique/classic car insurance is ideal for collectors seeking to protect their vintage vehicles. Its safety restraint benefit is an innovative feature that doubles medical coverage for insured drivers or passengers wearing a seatbelt during an accident. With its offerings and high ratings, Cincinnati Insurance exemplifies comprehensiveness and reliability in car insurance, making it a stellar choice for a wide array of drivers.

Best Cheap Car Insurance in Lexington

MoneyGeek found that Cincinnati Insurance offers the best cheap car insurance in Lexington. Known for balancing affordability and comprehensive service, this company doesn't compromise on claims handling and general customer satisfaction while keeping premiums low.

  • Cincinnati Insurance: MoneyGeek score of 96 out of 100 ($344 per year)
  • Auto-Owners: MoneyGeek score of 88 out of 100 ($436 per year)

Cincinnati Insurance distinguishes itself with a nearly perfect blend of cost efficiency and quality service. Scoring exceptionally high across the board, particularly in affordability, it's clear why it holds the top spot for minimum coverage policies. The MoneyGeek score reflects the company's dedication to providing value to its customers without cutting corners on essential aspects of car insurance.

Company logo for Cincinnati Insurance
Best Cheap CompanyCincinnati Insurance
MoneyGeek Score:
96/ of 100

Overview

Cincinnati Insurance showcases an exceptional performance with its perfect affordability and coverage scores, contributing significantly to its outstanding MoneyGeek score. On average, drivers pay an impressively low annual premium of $344 for minimum coverage, highlighting notable savings for budget-conscious individuals. Among its offered benefits, policyholders may avail of discounts, like anti-lock brakes and anti-theft system, to potentially lower insurance costs even further.

Cincinnati Insurance offers the most common discounts: bundling, multiple car and safe driving. Its air bag discount rewards installing safety features that could mitigate injuries during an accident. The anti-theft system discount adds an extra security layer by potentially deterring theft and reducing insurance premiums. Cincinnati Insurance's high scores highlight its dedication to providing an overall satisfying customer experience, with financial stability also contributing to a solid ranking.

Average Cost of Car Insurance in Lexington

In Lexington, Kentucky, the average car insurance cost is $1,236. This figure is less than the average car insurance cost in Kentucky, at $1,389 per year. Compared to the national average of $1,781 per year, Kentucky's average is significantly lower by $392.

Car insurance premiums are influenced by various factors, with location being significant. Location affects insurance costs due to varying risks of accidents, theft and natural disasters. According to MoneyGeek's analysis, Louisville has the most expensive premium at around $1,667 per year, $278 more than the state average. On the other hand, Lexington has the cheapest premium at $1,236 per year, $153 less than the Kentucky average. In less populated, non-city areas where traffic density is lower, it's common for rates to be even more competitive.

LexingtonAnnual Premium$1,236
LouisvilleAnnual Premium$1,667

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.