Cheapest and Best Car Insurance Companies in Lexington, KY

Your profile and needs determine the cheapest company. Lexington drivers may find the lowest rate for minimum coverage from Cincinnati Insurance. Meanwhile, with a driving offense (speeding ticket, at-fault accident or DUI), State Farm is the lowest, and the cheapest for full coverage and military drivers.

For the best blend of affordability and service quality, Cincinnati Insurance is the best overall, and the best for customer service and cheap auto insurance in Lexington.

Based on our analysis, the average cheapest minimum coverage policy in Lexington is offered by these auto insurers:

• Cincinnati Insurance: $302 per year
• Kentucky Farm Bureau: $319 per year

Shelter is the most expensive company for minimum coverage, with a policy averaging $999 per year. Cincinnati Insurance also offers the cheapest auto insurance in Kentucky at around $257 per year, making Lexington more expensive for this insurer than the state as a whole.

In Kentucky, drivers must carry an auto insurance policy that covers bodily injury liability and property damage liability with at least the following amounts:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $25,000 property damage liability per accident

Liability-only coverage only provides protection against the cost of damages to the other driver and their passengers. If you are at fault and have $25,000 in bodily injury liability per person and $50,000 per accident, your insurance provider will only pay $25,000 in damages for each individual, up to $50,000 for each accident.

For full coverage, Lexington drivers may find the average lowest car insurance rates with the following providers:

• State Farm: $670 per year
• Nationwide: $678 per year

The most expensive full coverage policy is offered by Shelter at roughly $1,554 per year. Nationwide is the most affordable car insurance company for full coverage in Kentucky at around $790 per year, indicating that your cheapest car insurance option may vary based on where you live.

Getting full coverage means adding comprehensive and collision insurance to your car insurance policy.

• Collision Insurance: It covers the cost of damages to your car due to colliding with another vehicle or an object.
• Comprehensive Insurance: It pays for the damages to your car due to a non-accident incident, such as weather-related events, fire, vandalism or theft.

Although full coverage car insurance provides the ultimate financial protection, it may not be worth paying hundreds more each year for more coverage if your vehicle is older or has a lower value.

In Lexington, the average cheapest car insurance companies after a driving violation are:

• Speeding ticket: State Farm ($755 per year)
• At-fault accident: State Farm ($818 per year)
• DUI: State Farm ($755 per year)

Anticipate the highest average annual rate for a full coverage policy from Grange Insurance ($1,645) after a speeding ticket, Shelter ($2,065) after an at-fault accident or GEICO ($2,749) with a DUI. A driving offense can significantly impact an auto insurance premium, so even the lowest rate may still be more expensive than what a driver without a violation pays.

Car insurance rates may increase depending on the severity of the driving violation. For example, a Lexington driver with a DUI may spend about $702 more for a full coverage policy than a driver with a speeding ticket. It’s critical to find the cheapest car insurance with a bad driving record to save on your premium.

The following companies offer the average cheapest car insurance in Lexington for a 16-year-old teen driver on a family policy:

• 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

GEICO has the most expensive annual rate for a teen on a family policy, costing roughly $4,760 for a male teen and $3,876 for a female teen. Male teens often pay more for car insurance because companies view them as riskier to insure than female teens. In early adulthood, the cost difference diminishes.

Auto insurance rates for teens are often higher if the teen buys a policy on their own. In Lexington, you may spend around $3,155 more for coverage if you purchase an individual policy for a male teen than if you add them to a family policy. Finding the cheapest car insurance for teens is a wise financial decision to save thousands of dollars each year.

Drivers with military backgrounds may find the average least expensive full coverage policy in Lexington from the following auto insurance providers:

• State Farm: $670 per year
• Nationwide: $678 per year

USAA may be another affordable option for active military members and veterans at approximately $829 per year. For minimum coverage, Cincinnati Insurance is the cheapest car insurance company for military families at around $302 per year, whereas Kentucky Farm Bureau is the second most affordable at roughly $319 per year.

Comparing car insurance quotes online for Lexington can be time-consuming. You have to submit various personal information, and it can take 15 minutes or more to get a quote from a single auto insurance company.

To help ease this process, MoneyGeek’s car insurance calculator can estimate your rate with multiple insurers based on just your age, vehicle type, coverage level and driving record.

The best car insurance for you often depends on how much you prioritize service quality, affordability, coverage and other factors. In Lexington, the following are the best car insurance providers for specific needs:

• Best overall: Cincinnati Insurance (MoneyGeek score of 83 out of 100)
• Best for service: Cincinnati Insurance (MoneyGeek score of 74 out of 100)
• Best cheap: Cincinnati Insurance (MoneyGeek score of 89 out of 100)

The changes in our winner’s overall MoneyGeek scores reflect the differences in how we weighed customer satisfaction and affordability for each category.

Cincinnati Insurance is also the best car insurance company in Kentucky. For military families, USAA is another highly recommended auto insurer, with a MoneyGeek score of 79 out of 100.

The best overall car insurance companies in Lexington that combine affordability with service quality are:

• Cincinnati Insurance: MoneyGeek score of 83 out of 100 ($830 per year)
• Auto-Owners Insurance Co: MoneyGeek score of 81 out of 100 ($697 per year)

Cincinnati Insurance scored the highest for customer satisfaction and ranked very high for affordability, which made it the best choice in Lexington since it gives customers great support while maintaining fair prices.

If you’re affiliated with the military, USAA is another good option for auto insurance, with the company receiving a MoneyGeek score of 79 out of 100.

Without considering cost in our analysis, we found that Lexington’s best auto insurers for customer service are:

• Cincinnati Insurance: MoneyGeek score of 74 out of 100 ($830 per year)
• Shelter: MoneyGeek score of 68 out of 100 ($1,554 per year)

Cincinnati Insurance earned a great customer satisfaction score and above-average claims management score, indicating it provides quality service and manages insurance claims better than competitors. At $830 per year, it’s the fifth cheapest company in Lexington, meaning you won’t have to pay a high price for excellent customer service.

For a policy that only meets Kentucky’s minimum coverage requirement, the best companies in Lexington that blend affordability and service quality are:

• Cincinnati Insurance: MoneyGeek score of 89 out of 100 ($302 per year)
• Auto-Owners Insurance Co: MoneyGeek score of 81 out of 100 ($349 per year)

A minimum coverage policy may have the lowest rate, but it offers the least amount of protection against liability costs and no coverage for damages to your car in case of an at-fault accident.

In Lexington, the average cost of auto insurance is $934 per year as of October 2022. That is roughly $124 cheaper than the average cost of car insurance in Kentucky and around $331 lower than the national average of $1,265 per year. These rates are for a full coverage policy with $100,000 in bodily injury liability per person, $300,000 in bodily injury liability per accident and $100,000 in property damage liability per accident. Your location often plays a significant role in your car insurance premium.