Compare the Cheapest Car Insurance Quotes in Lexington, KY

Car insurance in Lexington costs an average of $1,201 per year, which is cheaper than the state average. The most affordable insurer is GEICO, at roughly $669 annually. MoneyGeek also analyzed the cheapest options across several driver profiles and coverage levels. For those looking for a balance between cost and quality, MoneyGeek ranked the best insurance companies in Lexington.

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Last Updated: 5/16/2022
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GEICO offers the cheapest full coverage and state minimum vehicle insurance in Lexington. GEICO is also the cheapest option for drivers with tickets. However, rates can vary by driver profile and coverage amount. USAA offers low rates for military families. MoneyGeek's top option for car insurance in the city is GEICO, which balances price and quality service.

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The Cheapest and Best Car Insurance in Lexington

The Cheapest Car Insurance Companies in Lexington

For the best value in Lexington, look no further than the following insurers for an average full coverage policy:

  • GEICO: $669 annually
  • State Farm: $775 annually

With an annual premium of roughly $725 per year, Lexington military families will find USAA car insurance to be an affordable option.

MetLife is the most costly car insurance company, with an average yearly premium of $1,897. This is roughly $1,228 more than GEICO.

It's possible, though, that your premium will fluctuate according to your chosen liability limits and your driving profile.

Cheapest Car Insurance in Lexington
Full Coverage 100/300/100
  • Company
    100/300/100per year
  • 1.
    GEICO
    $669
  • 2.
    USAA
    $725
  • 3.
    State Farm
    $775
  • 4.
    Kentucky Farm Bureau
    $889
  • 5.
    Allstate
    $1,136
  • 6.
    Travelers
    $1,167
  • 7.
    Progressive
    $1,220
  • 8.
    Nationwide
    $1,854
  • 9.
    MetLife
    $1,897

MoneyGeek's analysis based its findings on rates for a 40-year-old male driver with a full coverage policy as described in our methodology.

Full coverage car insurance is more expensive than basic coverage but includes:

  • Collision Insurance: This covers the cost of repairs to your car if it’s involved in an accident with another vehicle or a stationary object.
  • Comprehensive Insurance: This protects you against damage to your car that is not caused by a collision, such as hail, theft or vandalism.

If you own an older vehicle, keep in mind that full coverage car insurance may cost more than your car is worth. Drivers of older vehicles may choose liability-only insurance or coverage that fulfills the state's minimum criteria in order to get the best deals.

Compare Car Insurance Rates in Lexington

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Insurance Rates

Cheapest Car Insurance in Lexington for Minimum Coverage

If you want to save money on your car insurance in Lexington, consider choosing a policy that meets the state's minimum requirements.

The following are the most cost-effective choices for this coverage on average:

  • GEICO: $357 annually
  • State Farm: $405 annually

USAA car insurance is roughly $341 per year in Lexington, making it a reasonable option for military families.

When it comes to insurance with the minimum coverage, GEICO charges about $1,097 less per year than the most expensive provider, Metlife Insurance, which charges an average of $1,454.

While choosing basic coverage policies will save you money, you risk not being completely insured if you do not have collision and comprehensive insurance. The table below illustrates how rates fluctuate as liability limits are increased.

Cheapest Minimum Liability Car Insurance in Lexington
State Minimum

A policy that complies with Kentucky's minimum coverage standards is the least expensive type of insurance in Lexington. However, it also gives the least protection. You may end up paying more money out of pocket if you are involved in an accident.

If you are at fault in an accident and the other driver's medical bills total $35,000, your basic coverage policy will pay only $25,000. You will be responsible for paying the remaining $10,000.

Kentucky Minimum Liability Requirements

  • Item
    Description
  • Bodily Injury and Property Damage
    $25,000 per person, $50,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
  • Personal Injury Protection
    $10,000 per person.

Cheapest Car Insurance in Lexington if You Have Driving Violations

DUIs and speeding tickets can significantly increase the cost of car insurance in Lexington. The insurers listed here offer the greatest value on average for your specific violation:

  • Cheapest after a ticket: GEICO, $742 annually
  • Cheapest after an at-fault accident: State Farm, $900 annually
  • Cheapest after a DUI: State Farm, $837 annually

If you have a prior history of traffic violations, the best course of action is to work on improving your record gradually. In the interim, compare insurance quotes after receiving a ticket or being involved in a car accident to see which insurance companies offer the most affordable rates.

Cheapest Car Insurance in Lexington With a Violation
Speeding Ticket

Average Cost of Car Insurance in Lexington

Lexington$1,201
Kentucky$1,405
U.S.$1,424

The average car insurance rate in Lexington is $1,201, compared to Kentucky’s $1,405 state average. Car insurance companies in Lexington also charge lower than the national average, $1,424, putting insurance in the city at 14.6% and 15.7% lower than both state and national premiums respectively.

All car insurance rates vary from person to person. Individual details for every motorist will be put into consideration. Find the best car insurance in Lexington by getting a personalized quote.

Personalized Quotes to Get You the Cheapest Car Insurance in Lexington

Car insurance companies in Lexington have different rates that change depending on your personal profile. Your rates can raise or lower once your risk is put into consideration. Factors that insurance companies consider are zip code, driving experience, driving record, coverage level and the car’s make and model.

Finding the best premiums are only possible if you get a personalized quote from car insurance companies. By getting a personalized quote, you may find out that you qualify for rebates and discounts that you can’t get anywhere else.

Compare Car Insurance Rates in Lexington

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

The Best Car Insurance Companies in Lexington

MoneyGeek identified the best insurers in Lexington for individuals searching for a combination of pricing and service. MoneyGeek's survey found that the top vehicle insurance companies in the city for the majority of drivers are:

  • GEICO: MoneyGeek score of 93 out of 100
  • State Farm: MoneyGeek score of 90 out of 100

MoneyGeek's rating system awarded USAA the highest score in Lexington. However, due to the fact that USAA is exclusively available to military personnel, veterans and their families, it is not recognized as the best overall.

MoneyGeek used various factors to determine the final scores out of 100, including J.D. Power ratings for user satisfaction, financial soundness and price.


1
USAA
Score:95

4/5

Affordability

5/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

2
Erie
Score:92.5

4/5

Affordability

5/5

Claims Ratings

4/5

User Satisfaction

A+

Financial Stability

3
Auto-Owners Insurance Co
Score:90

4/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

4
GEICO
Score:85

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

5
State Farm
Score:82.5

3/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A

Financial Stability

6
Nationwide
Score:80

2/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

7
Travelers
Score:80

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A++

Financial Stability

8
MetLife
Score:80

3/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

9
Safeco
Score:77.5

3/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

10
Progressive
Score:77.5

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

11
Kentucky Farm Bureau
Score:75

2/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

12
Allstate
Score:75

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

13
Liberty Mutual
Score:75

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

14
National General
Score:72.5

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A-

Financial Stability

Average Cost of Car Insurance by Postal Code

Your location is factored into your car insurance premium by insurance companies. Some ZIP codes will have higher premiums due to the regions having higher rates of accidents or car theft.

In Lexington, the cheapest ZIP code for auto insurance is 40515, which averages $1,173, followed by 40509 at $1,174. The most expensive region in Lexington is ZIP code 40517, at $1232.

  • Zip Code
    State Minimumper year
  • 40515
    $1,173
  • 40509
    $1,174
  • 40511
    $1,225
  • 40517
    $1,232

Factors That Impact Insurance Costs in Lexington

In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Lexington. How Lexington ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities90th/300
handcuffs2 icon
Most Car Thefts99th/300
uninsured icon
Most Uninsured Motorists by State26th/50
insurance2 icon
Personal Injury Protection RequiredYes
rain icon
Most Annual Rainfall75th/300
umbrella icon
Most Rainy Days30th/300

Methodology and Assumptions

MoneyGeek’s average premium rates for Lexington are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.


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