Best 6 Ways You Can Buy Auto Insurance for Less in Frankfort

If you are a novice to online auto insurance shopping, you may be overwhelmed by the sheer number of companies offering coverage in Frankfort.

If you have insurance now or are shopping for new coverage, you can learn to cut your premiums and still get good coverage. Buying affordable protection in Frankfort is easy if you know what you’re doing. Kentucky consumers just need to learn the best way to compare prices over the internet.

How to Get Cheap Auto Insurance in Frankfort

Most companies give prices directly from their websites. Obtaining pricing is quite easy as you simply enter your coverage preferences into the quote form. When the form is submitted, their rating system makes automated requests for your driving record and credit report and quotes a price based on many factors.

Online quotes makes comparing rates easy, but the time it takes to visit many different websites and type in the same information can get tiresome after awhile. But it’s very important to compare as many rates as possible if you are searching for better prices.

Isn’t there an easier way to compare rates?

A less time-consuming method to get multiple rate quotes uses one form to get prices from several companies at one time. It saves time, reduces the work, and makes rate comparisons much more enjoyable and efficient. As soon as the form is sent, it is rated and you are able to buy your choice of the quotes returned. If a lower price is quoted, you can click and sign and buy the policy. It takes 15 minutes at the most and you will know how your current rates stack up.

To get comparison pricing now, click here and enter your vehicle and coverage information. If you have your current policy handy, we recommend you replicate coverages and limits identical to your current policy. This helps ensure you will have a rate comparison based on identical coverages.

You probably qualify for some discounts

Auto insurance companies don’t necessarily list all their discounts in a way that’s easy to find, so we break down some of the more common and the more hidden discounts you could be receiving. If you aren’t receiving every discount available, you are paying more than you should be.

  • Safe Driver Discount – Drivers who avoid accidents can pay as much as 50% less than their less cautious counterparts.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • Accident Free – Drivers with accident-free driving histories pay less when compared to frequent claim filers.
  • Service Members Pay Less – Being deployed with a military unit could mean lower rates.
  • Discount for Good Grades – Getting good grades can be rewarded with saving of up to 25%. The good student discount can last until age 25.
  • Multiple Vehicles – Insuring multiple vehicles on one policy qualifies for this discount.

Drivers should understand that most discounts do not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like comprehensive or collision. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way.

To see a list of companies with the best auto insurance discounts in Kentucky, click here to view.

Are insurance agents obsolete?

Some consumers prefer to talk to a local agent. Educated insurance agents can answer important questions and help in the event of a claim. One of the great benefits of getting online price quotes is you may find better rates but also keep your business local.

After filling out this quick form, the quote information is sent to participating agents in Frankfort who will compete for your insurance coverage. There is no need to visit any agencies due to the fact that quote results will go directly to your email.

Selecting an provider shouldn’t rely on just the premium amount. These are valid questions to ask:

  • Do they make recommendations based only on price?
  • Do they assist clients in filing claims?
  • Will your rates increase after a single accident?
  • If your car is totalled, how to they determine the replacement cost?
  • Is their price quote a firm figure or are their hidden costs?
  • Who is covered by the car insurance policy?
  • Do they regularly work with personal auto policies?
  • Did they already check your driving record and credit reports?

Captive and independent Frankfort insurance agents

When researching a local agent, you must know there are a couple types of insurance agents that you can select. Agents are classified as either independent (non-captive) or captive. While both can insure your vehicles, but it’s worth mentioning the differences since it can impact your agent selection.

Captive Insurance Agents

Captive agencies work for only one company and examples are American Family, Liberty Mutual and AAA. They generally cannot provide prices from multiple companies so they have to upsell other benefits. These agents are usually quite knowledgeable in insurance sales which helps them compete with independent agents. Consumers sometimes buy insurance from these agents mainly due to the brand legacy and solid financial strength.

Below are captive insurance agencies in Frankfort who can help you get price quote information.

  • State Farm Insurance – 410 Kings Daughters Dr # A – Frankfort, KY 40601 – (502) 227-7777
  • Shelter Insurance – 409 W Broadway St – Frankfort, KY 40601 – (502) 223-2196
Independent Insurance Agents

These agents do not work for one specific company but rather can write business with any number of different companies enabling the ability to shop coverage around. To move your coverage to a new company, your agent can switch companies and you don’t have to find a new agent.

When comparison shopping, you should always include several independent insurance agents for maximum quote selection. Many write coverage with different regional companies who may have lower rates.

Below is a short list of independent insurance agencies in Frankfort that are able to give rate quotes.

  • Wood Insurance – 1020 E Main St – Frankfort, KY 40601 – (502) 695-5002
  • John F Underwood Insurance – 1223 Miami Trl – Frankfort, KY 40601 – (502) 695-4966

For a full directory of auto insurance agents in Frankfort, please click here.

Upon getting good answers to all your questions as well as a affordable price, most likely you have located an insurance agency that can provide auto insurance coverage. Keep in mind once you purchase a policy you can terminate your policy any time you want so don’t feel you are locked into a specific agent with no way out.

More tips and info about auto insurance is located at the Kentucky Department of Insurance website. Kentucky consumers can discover disciplinary actions, read enforcement actions against agents and companies, and report car insurance fraud.

Auto insurance 101

Knowing the specifics of a auto insurance policy can help you determine the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Liability insurance – This coverage protects you from damage or injury you incur to other people or property in an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against claims like loss of income, repair bills for other people’s vehicles and medical services. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford. Kentucky state minimum liability requirements are 25,000/50,000/10,000 but drivers should carry higher limits.

Collision coverages – Collision coverage covers damage to your vehicle resulting from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like hitting a parking meter, backing into a parked car, rolling your car, scraping a guard rail and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive auto insurance – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like hail damage, a broken windshield, rock chips in glass and theft. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for uninsured or underinsured drivers – This gives you protection from other motorists when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your vehicle.

Since many Kentucky drivers only purchase the least amount of liability that is required (25/50/10 in Kentucky), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Coverage for medical expenses – Coverage for medical payments and/or PIP kick in for short-term medical expenses such as X-ray expenses, doctor visits, rehabilitation expenses and chiropractic care. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers you and your occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

What is YOUR best insurance company?

You just learned a lot of techniques to compare auto insurance prices online. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding lower rates. Consumers may even find the best price on auto insurance is with a small mutual company.

Low-cost auto insurance can be bought online as well as from independent agents in Frankfort, and you need to price shop both to have the best rate selection. Some insurance providers don’t offer online price quotes and most of the time these small, regional companies sell through independent agents.

While you’re price shopping online, make sure you don’t buy poor coverage just to save money. There are a lot of situations where someone dropped liability limits or collision coverage and discovered at claim time they didn’t have enough coverage. Your aim should be to purchase plenty of coverage for the lowest price.