Cheapest Car Insurance Quotes In Lexington, KY For 2024
Cincinnati is the most affordable choice in Lexington, with an average monthly rate of $30.
When searching for the most budget-friendly car insurance in Lexington, KY, the choices can differ significantly, but Cincinnati stands out for its competitive rates. On average, residents can obtain car insurance for approximately $30 per month, which is notably lower than the state’s average of $140.
For individuals interested in the least expensive liability-only coverage, Auto-Owners is the top choice. Meanwhile, drivers in need of more extensive protection discover that State Farm provides the best rates for full coverage policies, at $63 monthly. Additionally, State Farm offers the most economical rates for young drivers, at $122 per month.
Cheapest Car Insurance Companies In Lexington, KY
Our Methodology
Using a comprehensive analysis that considers various aspects including customer service ratings, product choices, pricing, and a thorough assessment of multiple online review platforms and user feedback, I have developed a detailed understanding of the car insurance provider landscape in Lexington, KY. This perspective is informed by over 15 years of personal engagement in the industry as a licensed insurance agent. It includes numerous interactions with representatives from different companies and insights gained from firsthand experience.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
How Much Is Car Insurance In Lexington, KY?
Cincinnati provides the most affordable car insurance in Lexington, KY, with coverage available for $132 per month.
As illustrated in the table below, its rates are significantly lower than the average rates in both the State of Kentucky and the United States overall:
| Area | Average Monthly Rate |
| National | $152 |
| Kentucky | $140 |
| Lexington, KY | $132 |
Keep in mind that the average national cost comprises rates from both high-cost states (like New York, New Jersey, and California) and low-cost states (such as Mississippi, Kentucky, and Wyoming). Rates differ by location due to various factors, including vehicle type, coverage amount, zip code, driving record, and more.
Cheapest Car Insurance Rates In Lexington For Minimum Coverage
Cincinnati offers the most affordable car insurance for minimum coverage in Lexington, with an average monthly cost of $30.
| Provider | Average Monthly Cost | Average Annual Cost |
| Cincinnati | $30 | $358 |
| Progressive | $42 | $500 |
| GEICO | $43 | $514 |
| State Farm | $48 | $574 |
| Westfield | $49 | $581 |
A minimum car insurance policy should include at least the following:
- $25,000 for bodily injury per person
- $10,000 for bodily injury per accident
- $10,000 for property damage per accident
Having minimum car insurance offers some protection while driving, but it lacks collision or comprehensive coverage. This means that damages to your vehicle in accidents or incidents like theft and natural disasters aren’t covered.
Driving without insurance is illegal in Kentucky. Failing to provide proof of insurance during a traffic stop can lead to penalties, including fines, license suspension, or other consequences.
Cheapest Car Insurance Rates In Lexington For Full Coverage
State Farm offers the most economical car insurance rates for full coverage, with average quotes totaling $63 per month in Lexington.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $63 | $754 |
| GEICO | $95 | $1,141 |
| Westfield | $103 | $1,238 |
| Allstate | $110 | $1,314 |
| Grange | $111 | $1,326 |
Full coverage car insurance offers comprehensive protection beyond the basic coverage required by law. It usually combines comprehensive and collision coverages.
Comprehensive coverage protects against non-collision events like theft, vandalism, or natural disasters, while collision coverage provides financial protection for vehicle damage from accidents, regardless of fault.
Cheapest Car Insurance Rates In Lexington For Seniors
Nationwide provides the most affordable car insurance rates for seniors in Lexington, with average quotes at $58 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Nationwide | $58 | $694 |
| GEICO | $92 | $1,095 |
| Progressive | $93 | $1,107 |
| State Farm | $101 | $1,213 |
| Allstate | $104 | $1,249 |
In Kentucky, numerous seniors may benefit from favorable car insurance rates influenced by various advantageous factors. While age often plays a role in determining insurance rates, with older age sometimes linked to reduced driving ability, this stereotype doesn’t apply universally.
Cheapest Car Insurance Rates In Lexington For Teenagers
Teenage drivers in Lexington can obtain the most affordable quotes from USAA, with average monthly premiums of $177.
| Provider | Average Monthly Cost | Average Annual Cost |
| Kentucky Farm Bureau | $247 | $2,962 |
| Nationwide | $318 | $3,814 |
| Cincinnati | $328 | $3,934 |
| USAA | $177 | $2,122 |
| State Farm | $210 | $2,518 |
Teenage drivers typically encounter the highest car insurance premiums, mainly due to their lack of experience behind the wheel. Insurance providers view these young drivers as high-risk because they are statistically more likely to be involved in accidents and commit traffic violations.
Cheapest Car Insurance Rates In Lexington For Young Adults
State Farm provides the most affordable quotes for young adults in Lexington, with rates averaging around $122 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| SAFECO | $154 | $1,846 |
| Nationwide | $177 | $2.122 |
| Kentucky Farm Bureau | $186 | $2,230 |
| State Farm | $122 | $1,462 |
| USAA | $140 | $1,678 |
In Kentucky, young adult drivers generally enjoy lower car insurance rates compared to teenagers. This difference in pricing is due to the development of driving habits and a corresponding reduction in risky behaviors as drivers mature.
Statistically, young adults are less prone to filing claims with insurance companies, reflecting a decrease in accident involvement. As a result, insurers decrease premiums, acknowledging the improved safety records and decreased likelihood of claims from these more experienced drivers.
Cheapest Car Insurance Rates In Lexington For Good Drivers
Lexington’s good drivers can discover the most affordable car insurance quotes from Cincinnati, averaging around $30 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Cincinnati | $30 | $358 |
| Progressive | $42 | $500 |
| GEICO | $43 | $514 |
| State Farm | $48 | $574 |
| Westfield | $49 | $581 |
Drivers with clean driving records in Lexington usually receive lower car insurance rates because they are considered lower risk. Insurance companies assess driving records to determine how safely a person drives. Fewer incidents, such as accidents or traffic violations, indicate that the driver is cautious and less likely to file a claim.
Insurers set their rates based on the likelihood of a driver making a claim. A clean driving record can result in substantial savings on premiums because it reflects lower perceived risk. It’s all about assessing risk – the cleaner the record, the lower the perceived risk, and therefore, the lower the insurance cost.
Cheapest Car Insurance Rates In Lexington For Drivers With Prior Incidents
In Lexington, drivers with records of traffic violations, including accidents, speeding, or DUIs, often encounter challenges in securing affordable car insurance. Such driving infractions lead insurance companies to classify them as high-risk drivers, indicating a greater likelihood of filing future insurance claims.
As a result, insurance providers increase their rates for these individuals to offset the risk of potential higher claim payouts.
Cheapest Car Insurance Rates In Lexington For Drivers With A Speeding Ticket
Auto-Owners provides very affordable rates compared to other companies, with average monthly premiums of $77.
| Provider | Average Monthly Cost | Average Annual Cost |
| Auto-Owners | $77 | $922 |
| Travelers | $108 | $1,294 |
| Geico | $113 | $1,354 |
| Allstate | $142 | $1,702 |
| Progressive | $143 | $1,714 |
Cheapest Car Insurance Rates In Lexington For Drivers With An At-Fault Accident
Auto-Owners offers the most economical car insurance quotes for drivers with an at-fault incident, with an average rate of $92 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| Auto-Owners | $92 | $1,102 |
| Travelers | $113 | $1,354 |
| Geico | $208 | $2,494 |
| Progressive | $172 | $2,062 |
| Allstate | $170 | $2,038 |
Cheapest Car Insurance Rates In Lexington For Drivers After A DUI
Nationwide stands as the company with the most affordable rates for drivers after a DUI incident. They offer Lexington drivers average monthly premiums of $122.
| Provider | Average Monthly Cost | Average Annual Cost |
| Nationwide | $122 | $1,462 |
| Westfield | $269 | $3,286 |
| Geico | $319 | $3,623 |
| Progressive | $150 | $1,798 |
| Allstate | $160 | $1,918 |
Best Car Insurance Companies In Lexington
For drivers in Lexington, selecting the right car insurance company involves finding both affordable rates and reliable protection on the road. Below are the top 10 car insurance companies in Lexington, KY, ranked by the average monthly rate they offer.
| Company | Monthly Premium |
| Nationwide | $158 |
| Travelers | $160 |
| SafeAuto | $134 |
| Westfield | $140 |
| State Farm | $80 |
| Kentucky Farm Bureau | $105 |
| USAA | $98 |
| SAFECO | $120 |
| Cincinnati | $134 |
| Motorists Mutual | $137 |
Average Car Insurance Rates By Age In Lexington
| Age | Average Yearly Rate |
| Teenagers | $3,932 |
| 20s | $1,990 |
| 30s | $1,150 |
| 40s | $1,174 |
| 50s | $1,006 |
| 60s | $1,114 |
| 70s | $1,318 |
Age plays a crucial role in determining car insurance rates. Typically, younger drivers, especially teens and young adults, encounter higher insurance premiums due to their lack of experience and statistically higher chances of accidents and traffic violations. As drivers hit the age of 25, their rates usually begin to decrease, assuming they maintain a clean driving record.
The most favorable insurance rates are often offered to drivers in their 50s and early 60s. Insurance companies consider age as a measure of driving experience and risk potential, thus adjusting the cost of premiums accordingly.
Average Car Insurance Rates By Vehicle Type In Lexington
| Vehicle | Average Monthly Rate |
| Ford Taurus | $312 |
| Ram 1500 | $164 |
| Chrysler Town & Country | $233 |
| Nissan Sentra | $142 |
| Toyota Scion Xb | $166 |
The type of vehicle you drive significantly impacts your car insurance costs. Insurance companies consider factors like the make, model, year, and body type of the car. Generally, newer vehicles, especially luxury models with advanced technology and higher replacement costs, tend to have higher insurance rates.
Conversely, older cars or those that are less expensive to repair or replace may have lower premiums. Insurers take these aspects into account because they directly affect the potential cost of claims. For example, repairs for a high-end car are typically more expensive than for a standard vehicle. Additionally, certain car models known for safety may qualify for lower insurance rates due to a reduced risk of accidents and injuries.
How Much Is Car Insurance For Other Cities In Kentucky?
| City | Average Monthly Rate |
| Bowling Green | $123 |
| Radcliff | $144 |
| Somerset | $123 |
| Versailles | $115 |
| Ashland | $112 |
| Louisville | $132 |
| Covington | $122 |
| Frankfort | $124 |
| Hopkinsville | $111 |
| La Grange | $143 |
The city where you live greatly influences your car insurance rates. Insurance companies evaluate several factors related to your location, including the likelihood of accidents, vehicle theft, and vandalism rates, which tend to be higher in urban areas. This heightened risk often results in higher premiums.
FAQs
Who has the lowest car insurance rates in Lexington?
In Lexington, the lowest car insurance rates are provided by Cincinnati for the minimum coverage required by the State of Kentucky and by State Farm for full coverage, which includes comprehensive and collision coverage.
What is the average cost of car insurance in Lexington?
The average cost of car insurance in Lexington is approximately $132 per month. Rates vary depending on factors such as your zip code, the year and model of your car, your driving record, and other relevant variables.
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