Cheapest and Best Car Insurance Companies in Lexington, KY


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ByMark Fitzpatrick
Edited byKathryn Schroeder
ByMark Fitzpatrick
Edited byKathryn Schroeder

Updated: May 20, 2024

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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.

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2024

Cheapest and Best Car Insurance in Lexington, KY

Why Trust MoneyGeek? We gathered Lexington auto insurance rates and other data from the Kentucky Department of Insurance and Quadrant Information Services. We also created a unique scoring system to rate and rank car insurance companies.

25,510Quotes Analyzed
 
13Companies Compared

Cheapest Minimum Liability Car 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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
Cincinnati InsuranceAnnual Premium$302Monthly Premium$25
Kentucky Farm BureauAnnual Premium$319Monthly Premium$27
State FarmAnnual Premium$339Monthly Premium$28
Auto-Owners Insurance CoAnnual Premium$349Monthly Premium$29
NationwideAnnual Premium$385Monthly Premium$32
WestfieldAnnual Premium$423Monthly Premium$35
TravelersAnnual Premium$445Monthly Premium$37
GEICOAnnual Premium$495Monthly Premium$41

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.

Cheapest Full Coverage Car Insurance in Lexington

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$670Monthly Premium$56
NationwideAnnual Premium$678Monthly Premium$56
Auto-Owners Insurance CoAnnual Premium$697Monthly Premium$58
Kentucky Farm BureauAnnual Premium$759Monthly Premium$63
Cincinnati InsuranceAnnual Premium$830Monthly Premium$69
TravelersAnnual Premium$886Monthly Premium$74
WestfieldAnnual Premium$956Monthly Premium$80
GEICOAnnual Premium$967Monthly Premium$81

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.

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Cheapest Car Insurance in Lexington After a Driving Offense

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
State FarmAnnual Premium$755Monthly Premium$63
Kentucky Farm BureauAnnual Premium$759Monthly Premium$63
Auto-Owners Insurance CoAnnual Premium$807Monthly Premium$67
NationwideAnnual Premium$875Monthly Premium$73
Cincinnati InsuranceAnnual Premium$985Monthly Premium$82
GEICOAnnual Premium$1,071Monthly Premium$89
WestfieldAnnual Premium$1,147Monthly Premium$96
AllstateAnnual Premium$1,212Monthly Premium$101

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.

Cheapest Car Insurance in Lexington for Teens and Their Families

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.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
NationwideFamily Plan Annual Premium$1,855Individual Plan Monthly Premium$5,098
AllstateFamily Plan Annual Premium$1,989Individual Plan Monthly Premium$11,918
State FarmFamily Plan Annual Premium$2,098Individual Plan Monthly Premium$3,808
TravelersFamily Plan Annual Premium$2,364Individual Plan Monthly Premium$6,875
Auto-Owners Insurance CoFamily Plan Annual Premium$2,903Individual Plan Monthly Premium$7,012
ProgressiveFamily Plan Annual Premium$3,263Individual Plan Monthly Premium$13,685
GEICOFamily Plan Annual Premium$3,876Individual Plan Monthly Premium$16,708

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.

Cheapest Car Insurance in Lexington for Military Drivers

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$670Monthly Premium$56
NationwideAnnual Premium$678Monthly Premium$56
Auto-Owners Insurance CoAnnual Premium$697Monthly Premium$58
Kentucky Farm BureauAnnual Premium$759Monthly Premium$63
USAAAnnual Premium$829Monthly Premium$69
Cincinnati InsuranceAnnual Premium$830Monthly Premium$69
TravelersAnnual Premium$886Monthly Premium$74
WestfieldAnnual Premium$956Monthly Premium$80

How to Compare Cheap Lexington Car Insurance Quotes Online

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.

Car Insurance Calculator

MoneyGeeks'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:

Jun 13, 2024

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Best Car Insurance in Lexington: Summary

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.

Best Overall Car Insurance in Lexington

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.

How was this MoneyGeek score calculated?

Cincinnati Insurance

pros

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Affordable full coverage policy at around $830 per year

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Excellent customer satisfaction

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Offers unique add-on coverages like airbag reinstallation

cons

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No accident forgiveness coverage

COMPANY HIGHLIGHTS

Cincinnati Insurance is the best overall car insurance company in Lexington for balancing an affordable policy and excellent customer service. It also offers a variety of unique options for add-on coverages, such as airbag reinstallation.

By adding airbag reinstallation coverage to your auto policy, Cincinnati Insurance will cover the costs to replace an airbag if it accidentally deploys without the occurrence of an accident. This insurer also offers general deductible waiver coverage, which waives any applicable deductible you’d otherwise pay when your vehicle is totaled due to a covered loss.

In terms of basic coverages, you may purchase gap insurance from Cincinnati Insurance. This covers the difference between the value of your car and the unpaid balance on your lease or loan in the event of an accident that results in a total loss.

Read MoneyGeek's Cincinnati Insurance Auto Insurance Review

Best Car Insurance in Lexington for Customer Service

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.

How was this MoneyGeek score calculated?

Cincinnati Insurance

pros

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Ranked first in customer satisfaction

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Ranked second in claims management

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Has rare optional coverages like lock replacement

cons

close

Glass deductible modification coverage is not available in Kentucky

COMPANY HIGHLIGHTS

For quality service, Cincinnati Insurance is the best option in Lexington based on our analysis of J.D. Power’s customer satisfaction study and the National Association of Insurance Commissioners (NAIC) customer complaint index.

With this insurer, you have a variety of options for unique add-on coverages like lock replacement coverage. It pays up to $1,500 to replace your door locks if you lose the keys to your insured vehicle or someone stole them, provided you notify Cincinnati Insurance in writing within 72 hours after discovering the loss.

For the typical add-on coverages, Cincinnati Insurance offers new car replacement and rental car and/or travel reimbursement. By getting new car replacement, you receive a new car of the same make, model and equipment of the one you lost due to a covered claim. Meanwhile, rental car and/or travel reimbursement increases your coverage limit for temporary transportation expenses to up to $1,500.

Read MoneyGeek's Cincinnati Insurance Auto Insurance Review

Best Cheap Car Insurance in Lexington

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.

How was this MoneyGeek score calculated?

Cincinnati Insurance

pros

checkmark

Affordable minimum coverage policy at around $302 per year

checkmark

Has discounts for bundling policies, being a safe driver and having anti-lock brakes

checkmark

Strong customer satisfaction and coverage scores

cons

close

No paperless, pay-in-full or defensive driving discount

COMPANY HIGHLIGHTS

If you’re looking for the best minimum coverage policy in Lexington, Cincinnati Insurance is your best option. At approximately $302 per year, it’s the cheapest auto insurer for this policy in the city. It has excellent customer service and efficient claims management, so you’re getting good value for your money.

Cincinnati Insurance also has several discounts you can qualify for to make your policy even more affordable. You can save for bundling policies, insuring multiple cars or being a safe driver. You can also earn a discount for having safety equipment installed in your vehicle, such as airbags, anti-lock brakes or an anti-theft system.

However, the company doesn’t offer discounts for enrolling in paperless billing, paying your annual premium in full or completing a defensive driving course, which may disappoint some types of drivers.

Read MoneyGeek's Cincinnati Insurance Auto Insurance Review

Average Cost of Car Insurance in Lexington

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.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick 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.