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Key Takeaways

  • In terms of premiums by company, State Farm has the most reasonable costs.
  • In Lexington, teen drivers are subject to the highest insurance costs.
  • The annual auto insurance premiums for female drivers in Lexington are $28 more than those for male drivers.

Introduction

Are you a Lexington driver? If so, you could be searching for affordable vehicle insurance rates. Good news: You can locate them. You will be able to lock in a fantastic rate on your policy as long as you search around and evaluate your selections from small and large auto insurance companies. This is especially true if you have a good driving record and are a responsible driver.

How much does car insurance cost in Lexington?

In Lexington, a year's worth of car insurance costs $1,702 on average. That is more expensive than the $1,558 national average but less expensive than the statewide average in Kentucky ($2,220). Using variables including age, marital status, credit score, driving record, and driving record, our guide to Lexington auto insurance provides average rates.

Lexington Average Minnesota Average National Average
$1702 $2220 $1558

Auto insurance requirements in Lexington, Kentucky

Every car in use or parked on a Kentucky road must be insured. You must always have proof of insurance with you in your vehicle and be able to provide it when:

  • demand from law enforcement
  • vehicle registration renewal
  • The car is involved in a collision.

In Kentucky, private passenger cars are required to carry the following minimum levels of liability insurance:

  • $25,000 for each person's physical injury
  • $50,000 per accident for bodily damage

Bodily injury coverage is a crucial component of your liability insurance and pays for the medical costs associated with accident-related injuries to individuals other than the policyholder. Since Kentucky is a no-fault state, both parties' insurance companies will cover costs regardless of who caused the collision.

  • $25,000 for property damage per accident

This coverage includes the cost of repairing the property of the other parties involved in an accident, even if it is ruled that one of the drivers is at fault. Additionally, if the insured driver is named in a subsequent lawsuit, property damage coverage may pay the associated legal fees.

  • $10,000 for PIP per accident

In the event of an accident, personal injury protection coverage, often known as PIP coverage, will pay the policyholder's medical expenses. Depending on your plan, you might also be eligible for non-medical benefits, which would cover things like missed payments, housing expenditures, and possibly burial fees might also be eligible for non-medical benefits, which would cover things like missed payments, housing expenditures, and possibly burial fees, depending on your plan.

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Lexington Auto Insurance Premiums by Company

It's crucial to examine quotes carefully and pick your insurer carefully because there can be significant company-to-company variations in auto insurance costs. For the typical insurance consumer in Lexington, State Farm offers the most affordable prices. Refer to the best insurance deals in Lexington listed below. Get auto insurance rates based on your particular driving history, don't forget.

Insurance Company Average Annual Premium
State Farm $1033
Kentucky Farm Bureau $1068
Liberty Mutual $1769
Progressive $1940

Lexington Auto Insurance Premiums by Age Group

Drivers in Lexington who are 50 and older pay the least for auto insurance ($1,447 annually). Ages 60 and older pay only somewhat more ($1,486).

Teenage drivers in Lexington pay the highest insurance premiums. Growing older as a driver in Lexington is one of the simplest methods to reduce your auto insurance costs. The price gap in Lexington between drivers in their 20s and those who are still in their teens for vehicle insurance is $4,320, making it the biggest among all age groups.

Age Bracket Average Annual Premium
Teenagers $6628
20s $3008
30s $1657
40s $1552
50s $1447
60s $1486
70s $1816

Lexington Auto Insurance Premiums by Marital Status

A driver's marital status and gender may occasionally have an impact on the cost of their auto insurance. In Lexington, married drivers' auto insurance costs are $155 cheaper than those of single drivers. In many places, married drivers pay less for auto insurance than do single drivers. Widowed people also pay far less in rates than single people do. It's interesting to note that single drivers in Lexington pay higher rates than widowed drivers do.

Marital Status Average Annual Premium
Single $1546
Married $1546
Divorced $1710
Widowed $1607

Lexington Auto Insurance Premiums by Gender

Another element that may impact auto insurance premiums is gender. In Lexington, female drivers' annual auto insurance premiums are $28 more than those of male drivers.

Gender Average Annual Premium
Male $1711
Female $1729

Lexington Auto Insurance Premiums by Driving Record

Maintaining a spotless driving record is a wonderful strategy to keep your vehicle insurance rates low, regardless of where you live. Insurance firms give low-risk drivers the gift of low rates in order to incentivize them to drive safely and reward at-fault accidents, DUIs, reckless driving tickets, and speeding tickets.

Driving while intoxicated and driving recklessly are two of the most expensive tickets. Drivers in Lexington who are convicted of reckless driving will pay $819 more annually for insurance than the average city motorist. A speeding ticket results in a $278 premium increase, while a DUI violation might result in a $1,027 rise.

Driving violation/ incident Average Annual Premium
At-fault accidents (damages <$1000) $2420
At-fault accidents (damages >$2000) $2647
DUI/ DWI $2728
Reckless driving $2720
Speeding tickets $1979

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Lexington Auto Insurance Premiums by Credit Score

The amount of credit a driver has often had a significant impact on how much their auto insurance will cost. In Lexington, a rise in credit score from the"Very Poor" (300-579) to the"Exceptional" (800-850) tier is associated with a 60% decrease in the price of auto insurance.

Saving money on auto insurance requires moving from"Very Poor" to"Fair" credit. Your annual vehicle insurance rates in Lexington might drop by $1,445 if you raise your credit score to"Fair."

Credit Tier Average Annual Premium
Very Poor $3503
Fair $2059
Good $1711
Very Good $1566
Exceptional $1396

Lexington Auto Insurance Premiums by Zip Code

By ZIP code, crime, theft, and uninsured drivers differ. Therefore, if you live in a community where people don't get along, vehicle insurance companies may view you as a high risk to cover, which could result in rates that are higher than those of a friend who lives nearby. And regrettably, Lexington is hardly an exception. The premium increase from ZIP code 40510 to 40598 is 22%, or $308.

Lexington's pricey ZIP codes are 40517, 40503, 40502, 40550, and 40598.

Affordable Lexington zip codes include 40510, 40504, 40513, 40526, and 40536.

What would affect your car insurance rates in Lexington, Kentucky?

There are several variables that can work in your favor or against you when determining your car insurance premiums. Similar to the majority of other states, Kentucky can also raise your rate if your driving record is littered with violations, accidents, and claims. Your ZIP code, gender, and age are also taken into account when calculating your final bill. For instance, teenagers who reside in Louisville can anticipate paying extra.

How to save on auto insurance in Lexington, Kentucky?

Easy! To find the best and most affordable auto insurance rates, use Way.com. Our tools handle all the labor-intensive work to compile typical auto insurance quotations from the market's hundreds of providers. Have we mentioned that everything is free? You can quickly find dependable insurance from reputable organizations that won't set you back an extortionate amount.

Tips for driving in Lexington, Kentucky

  • Children 40 inches tall or under must be seated in a suitable safety seat, and seatbelts must be worn at all times.
  • The left lane is only for passing when travelling on a highway.
  • When the sun starts to set and there are weather conditions like fog, rain, or snow, drivers must use their headlights.
  • Take a step back! In Kentucky, drivers are supposed to give the car in front at least 3 seconds of space. This time rises to five seconds on quicker roads.
  • A youngster under the age of eight cannot be left alone in a moving vehicle.
  • Unless you are travelling on the opposite side of a four-lane or more-lane roadway, drivers are required to stop buses while they are loading or unloading.
  • Funeral corteges and pedestrians have the right of way. Additionally, when making a turn at an intersection with a crosswalk, drivers must give way to pedestrians.

Best car insurance companies in Lexington, Kentucky

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com

FAQ

What is the average cost of car insurance in Lexington?

In Lexington, a year's worth of car insurance costs $1,702 on average.

Who has the cheapest car insurance policies in Lexington, KY?

State Farm, Kentucky Farm Bureau, Liberty Mutual, and Progressive have the best car insurance policies in Lexington, KY.

Learn more by city and state for car insurance



Learn more by city and state for car insurance




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