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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.

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

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The Best Cheap Car Insurance Companies in Lexington

Average car insurance rates in Lexington vary, with GEICO providing the most inexpensive rate. GEICO offers an average annual premium of $669, which is $532 cheaper than the state average for Kentucky. In comparison, the most expensive among car insurance companies in Lexington is MetLife, offering an average premium of $1,897 annually — a difference of $1,228 or 183.6% between the cheapest and most expensive average annual premiums.

These car insurance rates will vary depending on your personal profile. Auto insurance rates will rise if you have traffic violations or you were at-fault in a traffic accident. While cheap car insurance in Lexington is a good base reference, it’s crucial to get that personalized quote to determine the rate that's best for you.

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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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Cheapest Car Insurance in Lexington by Coverage Amount

How much car insurance coverage you purchase in Lexington also affects how much your policy will cost. Coverage includes required liability coverage and optional items like collision, comprehensive, and deductibles.

Visit these guides to learn more:

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.

In Lexington, USAA provides the best state minimum coverage and 50/100/50 liability-only coverage. However, USAA only caters to the military, the members of their family and retired veterans.

The general public can go with the city's second most affordable option, GEICO. It's full coverage costs on average $594, which is $183 more than their liability-only coverage. Drivers should consider the type of coverage that will work best for them, so they can better understand what insurance company will offer them the best option.

Average Car Insurance Premiums by Coverage Type

Liability Only
Full Coverage
Compare Car Insurance Rates in Lexington

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Cheapest Car Insurance in Lexington if You Have Tickets

Your driving history can influence the cost of your annual premiums. Premiums can vary depending on the violations you have.

GEICO, for example, will charge you $742 for a speeding ticket and $1,295 for being an at-fault driver in an accident. While the difference between a speeding ticket and a clean record is only $73, being an at-fault driver will cost you an extra $626, which is almost double what you'd pay if you had a clear record.

GEICO charges an average of $1,722 for a DUI, which is $1,053 more than you'd pay with a clear driving record. GEICO also offers a five-year, accident-free, good driver discount to clients, which can save drivers as much as 26% on most coverages.

  • Company
    Speeding Ticketper year
    At-Fault Accidentper year
    DUIper year
  • 1. State Farm
    $837
    $900
    $837
  • 2. USAA
    $889
    $1,047
    $1,148
  • 3. GEICO
    $742
    $1,295
    $1,722
  • 4. Kentucky Farm Bureau
    $889
    $1,155
    $1,941
  • 5. Allstate
    $1,318
    $1,549
    $1,462
  • 6. Travelers
    $1,364
    $1,323
    $1,992
  • 7. Progressive
    $1,610
    $2,160
    $1,408
  • 8. Nationwide
    $2,091
    $2,667
    $3,518
  • 9. MetLife
    $2,565
    $3,333
    $4,657

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

Insurance Providers That Serve Lexington

21st Century
Ameriprise Financial
Esurance
GEICO
Nationwide
State Farm
The General
Travelers

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

Shopping around for car insurance in Lexington could save you $532, which is enough to buy:

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177Cups of Coffee
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41Months of Your Favorite Streaming Service

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.

Compare Car Insurance Rates in Lexington

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

Insurance Rates

About the Author

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The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay, and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers include mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.

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