Cheap Auto Insurance Lexington KY: A Complete Review

Lexington car insurance costs an average of $1,016 for a six-month policy or $169 per month.

Our 2022 data shows that the cheapest car insurance company in Lexington is Auto-Owners, with average rates of $602 for a six-month policy.

Lexington drivers enjoy less expensive premiums than the average for the state of Kentucky ($1,289 every six months) but more than the national average of $742.

Cheap Auto Insurance Lexington KY
Cheap Auto Insurance Lexington KY image source [MarketWatch]
Thirty-six percent of our Lexington customers reported using our service because they were paying too much for their car insurance.

If you feel similarly or just need help with your car insurance, read on to learn more about fair rates in Lexington based on common factors like credit score, coverage level, and more.

Table of Contents

Car Insurance in Lexington vs. Kentucky

Location Avg. 6 Mo. Premium
Lexington $1,016
Kentucky $1,289

 

The Cheapest Car Insurance Companies in Lexington

  • 1st place: Auto-Owners
    Auto-Owners is the cheapest company in Lexington, with rates at $602 for a six-month policy ($100 per month).
  • 2nd place: State Farm
    In second place is State Farm, which costs $112 per month.
  • 3rd place: Nationwide
    Rounding out the list is Nationwide as the third-cheapest insurance company.

On average, a Nationwide policy in Lexington costs $692 per six-month policy.

Key Takeaways About Car Insurance in Lexington:

  • The average cost of a car insurance policy in Lexington is $1,016 per six-month policy — $169 per month.
  • The cheapest company in Lexington is Auto-Owners ($602).
  • Thirty-six percent of our customers in Lexington stated they used our product because they were paying too much for car insurance with their current provider.

Our Sources & Data Methodology

We couple external and internal sources to provide relevant information that is backed by actual experience in the insurance industry.

This page details how we collect and maintain the data used throughout our site.

For additional questions or concerns, please reach out to press@thezebra.com.

Dynamic Insurance Rating Tool Auto Insurance

State law requires all insurance companies to submit rate filings with regulatory agencies to ensure fair and non-discriminatory premiums.

Through our partnership with Quadrant Information Services, we source these rate filings to provide the most up-to-date information to our readers.

Our Dynamic Insurance Rating Tool, a proprietary insurance premium estimator, queries and stores these rate filings.

This tool also allows us to generate pricing for a variety of different driving profiles. These factors include credit score, coverage level, driving record, and more.

Many of our pages utilize the following user profile:

  • A 30-year-old single male with good credit and no accident or violation history.
  • A 2015 Honda Accord with 50/100/50 liability limits plus $500 deductibles for comprehensive and collision coverage.

We averaged this user profile over the US by sampling over 34,000 different ZIP codes.

Example Data:

Company Avg. 6 Mo. Premium
Allstate $1,206
Farmers $893
GEICO $771
Nationwide $738
Progressive $941
State Farm $785
USAA $683

Average 6-Month Premium for a 30-year-old Male with Full Coverage

Home Insurance Rating Tool

Like our auto insurance content, homeowners rates published on this site are powered by Quadrant Information Services.

As of 2024, these rate filings are updated on a yearly basis.

Much of our homeowners content uses the sample profile of a married 45-year-old living in a 2,500-square-foot single-story home built in 2011 with a standard HO-3 homeowners policy.

  • $200,000 for the Dwelling Coverage (Coverage A)
  • $20,000 for Other Structures Coverage (Coverage B)
  • $100,000 for Personal Property Coverage (Coverage C)
  • $100,000 for Personal Liability Coverage (Coverage F)
  • $1,000 deductible

When applicable to the content, we adjust this profile to provide the most specific and helpful home insurance rates to our readers.

Example Data:

Company Avg. Annual Premium Avg. Monthly Premium
Allstate $1,561 $130
American Family $1,764 $147
Amica Mutual $2,843 $237
Farmers $1,871 $156
Nationwide $1,231 $103
State Farm $1,484 $124
Travelers $2,674 $223
USAA $1,385 $115

Anonymized User Surveys

Since 2012, we have helped over 18 million people shop and compare home and auto insurance quotes.

After assisting 18 million customers, we’ve gained significant insights.

Throughout our site, we cite applicable anonymized customer data collected during the quoting process to help similar customers with their insurance needs.

This information allows us to create tailored advice based on the real experience of like-minded consumers.

Example Data on Our Car Insurance Quotes Landing Page:

The following information details the process by which we anonymize and distill survey information to adhere to privacy and legal compliance.

Data Anonymization & Aggregation:

Personal Identifiable Information (PII) such as names, exact addresses, and email addresses are excluded from our surveys.

Data is further aggregated to negate any identified information from a single user.

Analysis & Recommendations:

Our team of insurance analysts reviews the anonymized data to look for insights and trends to help our readers make more informed insurance decisions.

Recommendations are based on the largest user percentile and cross-referenced for clarity and accuracy by our team of licensed insurance writers.

Lexington Car Insurance Rates by Company

According to our latest data, the most affordable car insurance company in Lexington is Auto-Owners, offering rates of $100 per month or $602 for a six-month policy.

Following closely, State Farm provides six-month policies at $670.

Cheapest Car Insurance Companies in Lexington, KY

Company Avg. 6-Mo. Premium
Auto-Owners $602
State Farm $670
Nationwide $692
USAA $718
Progressive $1,021
GEICO $1,214
Allstate $1,605

 

Average Car Insurance in Lexington by Rating Factor

Rating factors are details about you that help determine a fair car insurance rate.

Common factors include age, driving history, credit score, and location.

While most companies use these same factors to calculate premiums, some may weigh certain factors more heavily than others.

It’s essential to understand that as rating factors change over time, so might the best insurance company for you.

Therefore, it’s a good practice to get a new quote periodically to ensure you’re always getting the best rate for your situation.

Common Question: Why is my insurance going up if I haven’t had an accident?

Even if you’ve had no claims, your insurance rate might increase due to the overall cost of doing business for your insurance company.

End-of-year earnings (the balance of premiums collected versus claims paid out) significantly impact how much you will pay for car insurance in Lexington.

Auto Insurance Premiums by Age in Lexington

Age is likely the most influential rating factor in car insurance. Insurance companies rely on data to predict the likelihood of accidents, and unfortunately, teen drivers have the highest accident rates, resulting in the highest premiums.

In Lexington, the difference in rates between teens and drivers in their 20s is a staggering 135%, the largest gap between any two age groups.

Although this may seem substantial, insurance companies manage risk by charging higher rates for teens, balancing out the cost of claims.

Cheapest Car Insurance Companies for Teen Drivers in Lexington, KY

Company Avg. 6-Mo. Premium
USAA $1,941
Auto-Owners $1,975
Nationwide $2,222
State Farm $2,333
GEICO $2,878
Allstate $4,268
Progressive $4,629

 

Cheapest Car Insurance Companies by Age Bracket in Lexington, KY

Age Bracket Cheapest Companies Avg. 6-Mo. Premium
20s Auto-Owners $871
30s Auto-Owners $618
40s Auto-Owners $605
50s Auto-Owners $576
60s Nationwide $582
70s Nationwide $656

 

Auto Insurance Premiums for Minimum Coverage in Lexington

The level of coverage you choose significantly impacts your insurance premiums.

According to our data, 41% of drivers in Lexington opt for the state minimum coverage.

While this meets legal requirements, it may leave you underinsured.

Adding collision and comprehensive coverage (known as “full coverage”) can significantly increase rates but is often necessary for financed or leased vehicles.

These coverages come with deductibles, which can also affect your rates: higher deductibles generally mean lower premiums.

Cheapest Car Insurance Companies for Minimum Coverage in Lexington, KY

Company Avg. 6-Mo. Premium
Auto-Owners $246
USAA $246
State Farm $273
Nationwide $332
GEICO $358
Progressive $428
Allstate $598

Lexington Car Insurance Rates by Credit Score

Credit score remains a significant rating factor for car insurance in Kentucky.

Data suggests that drivers with lower credit scores are more likely to file claims, leading to higher premiums.

Lexington drivers with poor credit (300-579) pay 118% more than those with excellent credit (800-850).

Most drivers in Lexington have an “average” (580-679) credit score.

In 2024, Auto-Owners is the cheapest option for this credit range.

Cheapest Car Insurance Companies for Bad Credit in Lexington, KY

Company Avg. 6-Mo. Premium
Nationwide $1,054
State Farm $1,376
USAA $1,585
Progressive $1,602
Auto-Owners $1,712
GEICO $1,848
Allstate $2,223

 

Auto Insurance Rates with an At-Fault Accident

At-fault accidents can significantly increase your car insurance rates.

In 2022, an at-fault accident raised the average monthly rate in Lexington from $169 to $244. The cheapest company after an accident is State Farm.

Cheapest Car Insurance Companies After an At-Fault Accident in Lexington, KY

Company Avg. 6-Mo. Premium
State Farm $813
Auto-Owners $818
Nationwide $1,091
USAA $1,093
Progressive $1,573
GEICO $1,610
Allstate $2,003

Lexington Car Insurance Rates by Violation

Different violations and claims can increase your car insurance rates. Below are some common violations and their impact on premiums in Lexington, KY.

Car Insurance Rate Increases After Violations and Citations in Lexington, KY

Accident/Violation Avg. 6-Mo. Premium % Rate Increase $ Rate Increase
None $1,016 0% $0
One Med/PIP claim $1,023 1% $7
Two Med/PIP claims $1,063 5% $47
Not-at-fault accident $1,086 7% $71
One comp claim $1,096 8% $81
Failure to wear a seat belt $1,116 10% $100
Driving without lights $1,116 10% $100
Child safety restraint $1,119 10% $103
Failure to show documents $1,132 12% $117
Two comp claims $1,140 12% $124
Driving with expired registration $1,204 19% $189
Cell phone violation $1,216 20% $200
Speeding in school zone $1,220 20% $204
Driving too slowly $1,220 20% $204
Speeding 6 – 10 MPH over limit $1,220 20% $204
Texting while driving $1,221 20% $205
Speeding 11 – 15 MPH over limit $1,223 20% $207
Failure to yield $1,225 21% $209
Speeding 16 – 20 MPH over limit $1,227 21% $211
Failure to stop at a red light $1,227 21% $212
Following too closely $1,241 22% $225
Wrong way/wrong lane $1,241 22% $225
Illegal turn $1,241 22% $226
Improper passing $1,244 22% $228
Speeding 21 – 25 MPH over limit $1,247 23% $231
Passing school bus $1,287 27% $271
At-fault accident – less than $1,000 $1,290 27% $274
In 65 MPH zone $1,367 35% $351
Open container $1,386 36% $370
Operating a vehicle without permission $1,408 39% $393
At-fault accident – greater than $2,000 $1,465 44% $449
At-fault accident – $1,000-$2,000 $1,465 44% $449
Reckless driving $1,988 96% $973
Refusal to submit to a chemical test $2,039 101% $1,024
DUI $2,046 101% $1,030
Racing $2,058 103% $1,042
Leaving scene of an accident/hit and run $2,074 104% $1,059
Driving with a suspended license $2,083 105% $1,067

 

Why is Car Insurance in Lexington So Expensive?

While average car insurance rates in Lexington are lower than the Kentucky state average, they are about $400 higher than the national average for a six-month policy.

This disparity is largely due to state-wide policies and statistics rather than factors specific to Lexington.

Kentucky’s status as a no-fault state plays a significant role in driving up insurance premiums.

Key Factors Contributing to High Car Insurance Rates in Lexington

PIP Requirements
In no-fault states like Kentucky, drivers must use their own insurance to cover injuries sustained by themselves or their passengers, regardless of who is at fault.

This coverage is called personal injury protection (PIP). Since PIP coverage is mandatory, it contributes to higher insurance costs.

Vehicle Theft Data
Kentucky experiences a high rate of vehicle theft, and Lexington is no exception.

The city’s vehicle theft rate surpasses the national average. Certain ZIP codes in Lexington, such as 40526 and 40536, are particularly high-risk areas, leading to increased premiums.

Uninsured Motorists
Kentucky ranks 17th in the nation for the percentage of uninsured motorists.

In Lexington, 42% of drivers are uninsured, one of the highest rates in the state.

Insurance companies face greater risk in such environments, which translates to higher premiums for insured drivers.

Bundling Insurance Policies in Lexington

Despite high car insurance rates, you can still find ways to save. One effective strategy is to take advantage of multi-policy discounts by bundling your auto insurance with other policies, such as home or renters insurance.

Bundling can save you up to 10% on combined premiums.

Cheapest Car Insurance Companies for Bundling Home and Auto Insurance in Lexington, KY

Company Avg. 6-Mo. Premium
Nationwide $514
Auto-Owners $524
State Farm $554
USAA $668
Progressive $912
GEICO $1,153
Allstate $1,468

 

While some factors affecting your insurance rates are beyond your control, you can take steps to make your profile more appealing to insurers.

The best advice is to shop around and compare quotes from multiple companies to ensure you’re getting the most affordable rate without compromising on coverage and service.

Personal factors such as moving, celebrating a birthday, or improving your credit score can also impact your rates, so keep them in mind when comparing quotes.

Also read: Cheap Auto Insurance Killeen TX

Frequently Asked Questions

How much is car insurance in Lexington, KY?

On average, car insurance in Lexington costs $1,016 for a six-month policy.

The cheapest car insurance company in Lexington is Auto-Owners.

What is the Kentucky state minimum auto insurance?

The state minimum liability limits for Kentucky are:

  • $25,000 per person for bodily injury
  • $50,000 per accident for bodily injury
  • $25,000 for property damage

Is insurance cheaper in Kentucky?

Kentucky’s state average car insurance rates are significantly higher than the national average, at $1,289.

However, in Lexington, the average premiums are about $250 less per policy period than the state average.

 

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