A recent car insurance study discovered that most car insurance buyers kept their coverage with the same car insurance company for a minimum of four years, and 38% of drivers have never compared rates from other carriers. Louisville consumers could cut their rates by 30% a year, but most just don’t grasp how much savings they would realize if they switched to a cheaper policy.
If your goal is the lowest price, then the best way to get cheaper auto insurance rates is to make a habit of regularly comparing prices from insurers who provide auto insurance in Louisville.
- Step 1: Take a little time to learn about individual coverages and the steps you can take to prevent high rates. Many things that result in higher rates like traffic violations, accidents, and a bad credit rating can be remedied by paying attention to minor details. Later in this article we will cover the details to help reduce premium rates and find discounts that you may qualify for.
- Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like GEICO or State Farm, while agents who are independent can provide prices from multiple sources.
- Step 3: Compare the new rate quotes to your current policy to see if you can save by switching companies. If you find a lower rate, make sure coverage is continuous and does not lapse.
- Step 4: Notify your current company to cancel the current policy. Submit a down payment and signed policy application to the new company. Once coverage is bound, place the new proof of insurance paperwork with the vehicle registration.
One thing to remember is that you’ll want to compare identical limits and deductibles on each quote request and and to get quotes from as many different insurance providers as possible. This guarantees a level playing field and the best price selection.
Affordable rates on Ford Flex insurance in Louisville with these eight discounts
Insuring your vehicles can cost a lot, but you might be missing out on some discounts that many consumers don’t even know exist. Some discounts will apply at the time of purchase, but some must be specially asked for before you get the savings.
- Good Grades Discount – This discount may save as much as 25% on a Louisville car insurance quote. Most companies allow this discount up until you turn 25.
- Air Bags and Passive Restraints – Options like air bags or automatic seat belts can get savings of up to 25% or more.
- College Student – Any of your kids who are enrolled in higher education away from home and do not have a car can receive lower rates.
- One Accident Forgiven – Not really a discount, but companies like GEICO, State Farm, and Progressive will turn a blind eye to one accident without the usual rate increase so long as you are claim-free for a certain period of time.
- Buy New and Save – Insuring a new Flex can save up to 30% compared to insuring an older model.
- Theft Prevention Discount – Cars with anti-theft systems are less likely to be stolen and earn discounts up to 10% off your Louisville car insurance quote.
- Driver Safety – Passing a course in driver safety is a good idea and can lower rates and easily recoup the cost of the course.
- Service Members Pay Less – Having an actively deployed family member may qualify for rate reductions.
It’s important to note that most of the big mark downs will not be given to the entire policy premium. Some only reduce specific coverage prices like comp or med pay. Despite the appearance that it’s possible to get free car insurance, you won’t be that lucky.
The chart below visualizes the comparison of Ford Flex insurance prices with and without some available policy discounts. The rate quotes are based on a male driver, no claims or driving violations, Kentucky state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, claim-free, marriage, multi-policy, and multi-car discounts applied.
A list of companies and some of the premium reductions they offer can be read below.
- State Farm may include discounts for good driver, safe vehicle, student away at school, multiple policy, and anti-theft.
- American Family may have discounts that include defensive driver, Steer into Savings, bundled insurance, good driver, mySafetyValet, and good student.
- AAA discounts include multi-policy, AAA membership discount, education and occupation, good student, multi-car, anti-theft, and pay-in-full.
- GEICO policyholders can earn discounts including anti-theft, military active duty, multi-vehicle, seat belt use, membership and employees, and five-year accident-free.
- Mercury Insurance includes discounts for good driver, location of vehicle, type of vehicle, accident-free, professional/association, and ease of repair.
- Farmers Insurance has savings for switch companies, homeowner, mature driver, distant student, and early shopping.
- Progressive may offer discounts for online quote discount, good student, multi-policy, homeowner, multi-vehicle, continuous coverage, and online signing.
If you need lower rates, check with each insurance company which credits you are entitled to. Some of the earlier mentioned discounts may not apply in your state. To find companies that offer multiple discounts in Kentucky, click this link.
The auto insurance companies shown below have been selected to offer quotes in Louisville, KY. To find cheaper car insurance in Louisville, KY, we suggest you visit several of them to find the cheapest auto insurance rates.
Insurance data for a Ford Flex
The premium information shown next showcases estimates of rate quotes for Ford Flex models. Having insight into how insurance prices are figured can be useful when making smart choices when purchasing an auto insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Flex SE 2WD||$200||$336||$368||$22||$110||$1,036||$86|
|Flex SEL 2WD||$200||$396||$368||$22||$110||$1,096||$91|
|Flex SEL AWD||$222||$396||$368||$22||$110||$1,118||$93|
|Flex Limited 2WD||$222||$396||$368||$22||$110||$1,118||$93|
|Flex Limited AWD||$222||$396||$368||$22||$110||$1,118||$93|
|Get Your Own Custom Quote Go|
Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rate quotes do not factor in specific location information which can decrease or increase auto insurance rates considerably.
The illustration below demonstrates how deductibles and can change Ford Flex yearly insurance costs for different insured age categories. The price estimates are based on a married male driver, full coverage, and no discounts are taken into consideration.
Ford Flex insurance rates: Men versus women
The information below illustrates the difference between Ford Flex car insurance rates for male and female drivers. The price estimates are based on a clean driving record, no at-fault accidents, full physical damage coverage, $1,000 deductibles, marital status is single, and no other discounts are factored in.
Full coverage versus liability-only in Louisville
The illustration below shows the difference between Ford Flex insurance costs with full coverage compared to only the Kentucky minimum liability coverage. The price estimates are based on no accidents or driving violations, $250 deductibles, single marital status, and no discounts are taken into consideration.
When to stop buying comprehensive and collision coverage
There isn’t a written rule for excluding comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your Ford Flex book value is $9,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $8,000 after you pay the deductible. If it’s costing you more than $800 a year for full coverage, the it may be a good time to stop paying for full coverage.
There are some scenarios where only buying liability is not a good idea. If you haven’t satisfied your loan, you have to keep full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not drop full coverage.
Tailor your car insurance coverage to you
When selecting your policy, there isn’t really a one-size-fits-all type of policy. Your needs are unique to you so this has to be addressed.
These are some specific questions can aid in determining if your situation might need an agent’s assistance.
- Is there coverage for my trailer?
- Do I have coverage if I rent a car in Mexico?
- Am I covered when driving a rental car?
- How can I get high-risk coverage after a DUI?
- Is my ex-spouse still covered by my policy?
- Are my company tools covered if they get stolen?
If you’re not sure about those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, free and can help protect your family.
Get rate quotes but buy from a local Louisville insurance agency
Certain consumers just prefer to go talk to an agent. Licensed agents are trained risk managers and give you someone to call. The best thing about getting free rate quotes online is you can get better rates and still have a local agent. And supporting local insurance agents is especially important in Louisville.
After completing this simple form, your coverage information gets sent to participating agents in Louisville that can provide free Louisville car insurance quotes and help you find cheaper coverage. You never need to search for an agent because quoted prices will be sent to you directly. If you want to compare rates from one company in particular, feel free to search and find their rate quote page and submit a quote form there.
When researching an insurance agent, you need to know there are two types of insurance agents that you can select. Insurance agencies in Louisville can either be exclusive agents or independent agents. Either can insure your vehicles, but it’s worth learning the difference in the companies they write for because it can impact buying decisions.
Independent Auto Insurance Agents
Agents of this type can sell policies from many different companies so they can write business amongst many companies and find you cheaper rates. If they quote lower rates, the agent simply finds a different carrier and you don’t have to do anything. When searching for an agent, you will want to get rate quotes from at a minimum one independent agency for the best price selection.
Below is a small list of independent insurance agencies in Louisville that may be able to give comparison quotes.
Exclusive Auto Insurance Agencies
Agents that choose to be exclusive can only place business with one company like Allstate and State Farm. They are unable to provide other company’s prices so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are highly trained on sales techniques which helps them compete with independent agents.
Below is a short list of exclusive insurance agencies in Louisville that can give you comparison quotes.
Finding a good auto insurance agent requires more thought than just the quoted price. The questions below may impact your decision as well.
- Will the agent help in case of a claim?
- Do they have designations such as AIC, CPCU, or CIC?
- Do they have a Better Business Bureau rating in Louisville?
- Are they actively involved in the community?
- Is coverage determined by price?
- Do they prorate repair cost based on vehicle mileage?
What insurance coverages do you need?
Learning about specific coverages of your policy can help you determine appropriate coverage at the best deductibles and correct limits. Insurance terms can be impossible to understand and nobody wants to actually read their policy. These are the normal coverages found on most insurance policies.
Collision – This will pay to fix damage to your Flex from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things like crashing into a ditch, colliding with a tree, sustaining damage from a pot hole and crashing into a building. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to increase the deductible on your Flex to bring the cost down.
Comprehensive or Other Than Collision – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as damage from flooding, a tree branch falling on your vehicle, hitting a deer and falling objects. The maximum amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Liability coverages – Liability coverage will cover damage that occurs to people or other property in an accident. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/10 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and a limit of $10,000 paid for damaged property. Occasionally you may see a combined limit that pays claims from the same limit without having the split limit caps.
Liability insurance covers claims like funeral expenses, attorney fees, legal defense fees, loss of income and emergency aid. How much liability coverage do you need? That is your choice, but buy as high a limit as you can afford. Kentucky requires minimum liability limits of 25/50/10 but it’s recommended drivers buy more coverage.
The chart below demonstrates why the minimum limit may not be adequate coverage.
Medical costs insurance – Medical payments and Personal Injury Protection insurance kick in for expenses such as chiropractic care, hospital visits, pain medications, prosthetic devices and nursing services. They are often used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible
UM/UIM Coverage – This gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required (which is 25/50/10), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Frequently the UM/UIM limits are identical to your policy’s liability coverage.
Persistent drivers can save
While you’re price shopping online, do not reduce coverage to reduce premium. There are many occasions where someone sacrificed physical damage coverage and learned later they didn’t have enough coverage. Your focus should be to get the best coverage possible at a price you can afford, not the least amount of coverage.
A few companies don’t offer online rate quotes and these small, regional companies prefer to sell through independent agents. Affordable Ford Flex insurance in Louisville can be sourced on the web and from local insurance agents, so compare prices from both to have the best chance of lowering rates.
More information can be read at these links:
- Your Car has been Stolen: Now What? (Allstate)
- What Car Insurance is Cheapest for a Toyota Corolla in Louisville? (FAQ)
- What Auto Insurance is Cheapest After a Speeding Ticket in Louisville? (FAQ)
- What Insurance is Cheapest for a Honda Civic in Louisville? (FAQ)
- Who Has Affordable Louisville Auto Insurance Quotes for Inexperienced Drivers? (FAQ)
- Who Has the Cheapest Car Insurance for a Toyota Camry in Louisville? (FAQ)
- Who Has the Cheapest Car Insurance for Drivers Over Age 70 in Louisville? (FAQ)
- Who Has Cheap Louisville Car Insurance Rates for a Honda Pilot? (FAQ)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- What is Gap Insurance? (Insurance Information Institute)
- Reducing Your Risks in a Car Crash Video (iihs.org)