bestauto insuranceLexingtonCompare the Cheapest Car Insurance Quotes in Lexington, KY
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Ensure you're getting the best rate. Review quotes from a top insurance company.
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 State Farm, which balances price and quality service.
bestauto insuranceLexingtonThe 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
- Company100/300/100per year
- 1.$669
- 2.$725
- 3.$775
- 4.Kentucky Farm Bureau$889
- 5.$1,136
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: covers the cost of repairs to your car if it’s involved in an accident with another vehicle or a stationary object
- Comprehensive insurance: 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
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
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.
Although 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
- CompanyState Minimumper year
- 1.$341
- 2.$357
- 3.$405
- 4.Kentucky Farm Bureau$452
- 5.$664
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
- ItemDescription
- 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
- CompanySpeeding Ticketper year
- 1.$742
- 2.$837
- 3.$889
- 4.Kentucky Farm Bureau$889
- 5.$1,318
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 with 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.
The Best Car Insurance Companies in Lexington
MoneyGeek ranked the best car insurance companies in Lexington based on average rates, customer satisfaction scores and claims ratings. We found that the top car insurance companies in Lexington are:
- State Farm: MoneyGeek score of 93 out of 100
- GEICO: MoneyGeek score of 89 out of 100
Since USAA only provides insurance for military members and their families, MoneyGeek excluded it from this analysis. However, USAA earned a MoneyGeek score of 96 out of 100, making it the best car insurance company in Lexington for military families.
1
State Farm
Score:93
State Farm received high scores for customer satisfaction, claims, financial stability and, most notably, affordability. On average, a 40-year-old driver in Lexington pays only $775 per year for a full coverage State Farm policy. Customers may add rare features, such as ridesharing insurance or more commonly available coverages, like roadside assistance, rental car reimbursement and travel reimbursement.
More About State Farm
State Farm excels in other categories, making it the best auto insurance company in Lexington. The insurer offers rideshare insurance, which ensures that all coverage from your personal auto insurance, except for liability insurance, remains in effect after you match with and are transporting a rider.
To get more protection, you can supplement your policy with roadside assistance, rental car reimbursement and travel reimbursement.
Read MoneyGeek's State Farm auto Insurance Review2
GEICO
Score:89
GEICO received high scores in all categories but performed exceptionally well in affordability — the average cost of a policy is $669 per year for a 40-year-old driver in Lexington. Moreover, policyholders supplement their insurance with mechanical breakdown insurance (MBI), a coverage rarely offered by other insurance companies.
More About GEICO
MBI provides better coverage at a more affordable price than the usual dealer extended warranty. It covers all parts and systems, not just the specific list of items typically covered by most dealer warranties. GEICO also offers accident forgiveness, which can be earned or bought in Lexington. With this add-on coverage, your insurance rate won’t increase after your first at-fault accident.
Read MoneyGeek's GEICO auto Insurance Review3
Travelers
Score:80
4
Allstate
Score:74
5
Kentucky Farm Bureau
Score:63
6
Progressive
Score:62
7
Nationwide
Score:45
8
MetLife
Score:24
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 $1,232.
- Zip CodeState 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.
About Mark Fitzpatrick
sources
- Safewise. "The 10 Safest Metro Cities in America for 2019." Accessed June 16, 2020.
- GEICO. "Car Insurance Discounts - Savings on Auto Insurance." Accessed June 16, 2020.