Wish you could get out of overpriced Lexus LFA insurance in Louisville? Don’t sweat it because there are many Louisville drivers thinking the same thing.
Unfortunately, the vast majority of car insurance customers have remained with the same car insurance company for over three years, and about 40% of consumers have never compared rates from other carriers. Kentucky drivers can cut their rates by 30% a year just by shopping around, but they just assume it’s a time-consuming process to shop around.
Companies like State Farm, Progressive and GEICO constantly blast consumers with fancy advertisements and it is difficult to see through the cute green geckos and mayhem and effectively compare rates to find the best deal.
You should make it a habit to quote other rates before your next renewal since prices are constantly changing. Even if you think you had the lowest price on Lexus LFA insurance in Louisville six months ago a different company probably has better rates today. There is lot of inaccurate information about LFA insurance online, but by reading this article, you’re going to learn some good information on how to lower your car insurance premiums.
If you currently have insurance, you stand a good chance to be able to get lower rates using the ideas you’re about to read. Finding the cheapest insurance coverage in Louisville is much easier if you know where to start. Although Kentucky vehicle owners must learn how insurance companies determine premium rates and use it to find better rates.
Learn How to Lower Your Insurance Costs
Many different elements are part of the equation when you get a price on insurance. Some of the criteria are obvious such as traffic violations, but other criteria are less obvious such as whether you are married or how safe your car is.
The list below includes some of the most rate-impacting factors utilized by car insurance companies to help set premiums.
- Occupation impacts premiums – Do you have a high-stress occupation? Jobs such as military personnel, social workers, and accountants tend to pay higher rates than the rest of us in part from intense work-related stress and lots of time spent at work. Conversely, jobs like professors, historians and homemakers receive lower rates.
- Extra policy coverages may not be needed – Insurance policies have a lot of add-on coverages that sound like a good idea at the time on your car insurance policy. Things like personal injury protection, towing, and extra life insurance coverage may be costing you every month. The coverages may be enticing when talking to your agent, but if you have no use for them get rid of them and save.
- Age of drivers impacts costs – Mature drivers are proven to be safer behind the wheel, cause fewer claims and accidents, and tend to be get fewer driving tickets. Drivers with little experience are known to be inattentive and easily distracted when behind the wheel and because of this, their car insurance rates are much higher.
- Liability coverage preserves assets – Liability coverage kicks in in the event that you are responsible for personal injury or accident damage. Liability provides legal defense coverage which can cost a lot. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so drivers should carry high limits.
Take advantage of these discounts
Companies do not list every discount very well, so the below list has a few of the more well known and also the lesser-known credits that you can use to lower your rates. If you don’t get every credit you qualify for, you could be getting lower rates.
- Low Mileage – Driving less could qualify for substantially lower insurance rates.
- New Car Discount – Buying insurance on a new vehicle can get you a discount since new vehicles are generally safer.
- Discounts for Seat Belt Usage – Drivers who require all vehicle occupants to use a seat belt can save up to 10 percent (depending on the company) off the personal injury premium cost.
- Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices are stolen less frequently and that can save you a little bit as well.
- Multi-policy Discount – If you have multiple policies and insure them with the same company you may earn at least 10 to 15 percent or more.
- Multiple Vehicles – Drivers who insure multiple vehicles on the same insurance policy may reduce the rate for each vehicle.
- Discounts for Good Drivers – Safe drivers can save up to 40% or more on their Louisville car insurance quote as compared to drivers with claims.
- Early Payment Discounts – If you can afford to pay the entire bill as opposed to paying monthly you can avoid the installment charge.
- Air Bag Discount – Factory options such as air bags and/or automatic seat belt systems may earn rate discounts up to 30%.
Keep in mind that most credits do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like comp or med pay. Just because it seems like having all the discounts means you get insurance for free, you’re out of luck.
To choose providers with discount rates in Louisville, click here to view.
Best auto insurance in Kentucky
Choosing the highest-rated insurer is difficult considering how many companies there are in Kentucky. The ranking data shown below could help you analyze which companies you want to consider purchasing coverage from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Erie Insurance | 87 | 84 | 85 | 85% | A+ | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Affordable car insurance premiums are out there
More affordable car insurance in Louisville can be bought from both online companies and also from your neighborhood Louisville agents, so you need to quote Louisville car insurance with both so you have a total pricing picture. A few companies may not offer online rate quotes and these smaller companies only sell through independent agents.
As you restructure your insurance plan, it’s very important that you do not skimp on coverage in order to save money. There are a lot of situations where an insured cut liability limits or collision coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The aim is to purchase a proper amount of coverage at an affordable rate, but don’t skip important coverages to save money.
How to find the cheapest rates for Lexus LFA insurance in Louisville
The most effective way to get budget auto insurance rates in Louisville is to start doing an annual price comparison from different companies that sell auto insurance in Kentucky. Rates can be compared by following these steps.
- Take a little time to learn about individual coverages and the steps you can take to drop your rates. Many rating criteria that drive up the price such as traffic violations, accidents, and an unacceptable credit history can be amended by being financially responsible and driving safely.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from a single company like GEICO or State Farm, while independent agents can provide rate quotes from many different companies. Get quotes now
- Compare the new rates to your current policy premium to see if switching to a new carrier will save money. If you find a lower rate quote and buy the policy, make sure coverage is continuous and does not lapse.
- Notify your agent or company of your decision to cancel your current auto insurance policy. Submit the signed application along with the required initial payment for your new policy. As soon as you receive it, keep the new certificate verifying coverage in your vehicle.
A valuable tip to remember is to make sure you’re comparing the same amount of coverage on every quote request and and to analyze as many car insurance companies as possible. Doing this guarantees a level playing field and the best rate selection.
For more information, link through to these articles:
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Who Has Cheap Auto Insurance for Postal Workers in Louisville? (FAQ)
- Coverage Information (Progressive Insurance)
- Distracted Driving Statistics (Insurance Information Institute)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)