Feel like you’re a prisoner to an underperforming, overpriced car insurance policy? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out.
There is such a variety of car insurance companies to pick from, and even though it’s nice to have multiple companies, lots of choices makes it harder to find the lowest rates.
Lower rates by qualifying for these six discounts
Car insurance can cost a lot, but you can get discounts to reduce the price significantly. Certain discounts will be applied at quote time, but a few must be manually applied before being credited.
- Seat Belts Save more than Lives – Drivers who require all occupants to buckle their seat belts can save 10% or more off your PIP or medical payments premium.
- Driver’s Ed – Have your child enroll in driver’s education if offered at their school.
- Pay Upfront and Save – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can actually save on your bill.
- Discount for Life Insurance – Larger companies have a break if you buy auto and life insurance together.
- No Charge for an Accident – Some insurance companies permit an accident before your rates go up if you are claim-free for a set time period.
- College Student – Youth drivers who are attending college without a vehicle on campus can be insured at a reduced rate.
It’s important to understand that some of the credits will not apply to the entire policy premium. Some only reduce the cost of specific coverages such as liability and collision coverage. Just because you may think adding up those discounts means a free policy, it doesn’t quite work that way. But all discounts will help reduce the cost of coverage.
For a list of insurance companies who offer car insurance discounts in Kentucky, follow this link.
How to Compare Car Insurance Costs in Alexandria
There are several ways of comparing rates from different in Alexandriainsurance companies. The easiest way by far to find the lowest rates is simply to get online rate quotes. This is very easy and can be done in a couple of different ways.
The most efficient way consumers can make multiple comparisons would be an industry-wide quote request form (click to open form in new window). This form keeps you from doing separate quotation requests for each company you want a rate for. A single, simple form will return quotes .
A more difficult way to find lower rates requires visiting each company website and fill out their own quote form. For sake of this example, let’s assume you want to compare rates from Liberty Mutual, Safeco and GMAC. To get each rate you have to go to every website and enter your information, and that’s why the first method is more popular. To view a list of companies in Alexandria, click here.
The hardest method to compare rates is to spend time driving to local Alexandria insurance agencies. The ability to buy insurance online eliminates the need for an insurance agent unless you prefer the professional guidance of a local Alexandria agent. You can, however, price shop online and get advice from an agent in your area and we’ll talk about that later.
It doesn’t matter which method you choose, just make absolute certain that you use the exact same deductibles and coverage limits on every quote. If you compare mixed coverages it’s not possible to make an equal comparison in Alexandria. Quoting even small variations in coverage limits may result in large price differences. It’s important to know that obtaining a wide range of quotes helps locate a lower rate.
Your insurance agent down the street
Some people would rather visit with an insurance agent and that is just fine! The best thing about getting online price quotes is you may find lower rates but also keep your business local. And providing support for local agencies is important particularly in Alexandria.
To help locate an agent, after submitting this short form, your coverage information is transmitted to local insurance agents who will battle for your business. You never need to leave your computer as quotes are delivered immediately to your email address. How cool is that?! You can find the lowest rates and a licensed agent to work with.<img class="alignright" style="padding-top:15px;" src="https://www.carinsurancediy.com/wp-content/uploads/ci175-113.jpg" alt="Alexandria KY car insurance prices“/>
Below is a list of insurers in Alexandria that may be able to provide price quotes.
Auton Insurance Svc – 7515 Alexandria Pike, Alexandria, KY 41001 – (859) 635-4141
Allstate Insurance – 405 Washington St, Alexandria, KY 41001 – (859) 635-2272
Farm Bureau Insurance – 107 Washington St, Alexandria, KY 41001 – (859) 635-2101
State Farm Insurance – 7532 Alexandria Pike, Alexandria, KY 41001 – (859) 635-2222
Farm Bureau Insurance – 107 Washington St, Alexandria, KY 41001 – (859) 635-2101
Choosing an insurer should depend on more than just a cheap price. These are valid questions to ask:
- How much can you save by raising your physical damage deductibles?
- Will your rates increase after a single accident?
- How are they compensated?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Do they have adequate Errors and Ommissions coverage? This protects you if they make a mistake.
- How long have they worked with personal auto insurance coverage?
- Does the agency provide any after hours assistance?
After getting good answers to any questions you have as well as a affordable price, you may have just found an insurance company that meets your needs to adequately provide car insurance.
The coverage is in the details
Having a good grasp of your car insurance policy can help you determine appropriate coverage and the correct deductibles and limits. Car insurance terms can be confusing and reading a policy is terribly boring. Listed below are typical coverage types available from car insurance companies.
Comprehensive insurance – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as rock chips in glass, damage from a tornado or hurricane and hitting a deer. The most you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Liability auto insurance – Liability insurance can cover damages or injuries you inflict on people or other property by causing an accident. It protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Some companies may use a combined limit which limits claims to one amount rather than limiting it on a per person basis.
Liability coverage pays for things such as funeral expenses, medical expenses and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible. Kentucky state law requires minimum liability limits of 25,000/50,000/10,000 but it’s recommended drivers buy more coverage.
Collision coverages – Collision coverage covers damage to your vehicle resulting from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.
Collision coverage pays for claims like hitting a parking meter, rolling your car, hitting a mailbox and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.
Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.
Since many Kentucky drivers only carry the minimum required liability limits (Kentucky limits are 25/50/10), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Normally the UM/UIM limits are identical to your policy’s liability coverage.
Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for bills such as chiropractic care, X-ray expenses and rehabilitation expenses. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants and also covers getting struck while a pedestrian. PIP is only offered in select states and may carry a deductible
Summing up your car insurance search
While you’re price shopping online, never reduce coverage to reduce premium. Too many times, someone dropped liability coverage limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy the best coverage you can find at an affordable rate while still protecting your assets.
Lower-priced car insurance is possible from both online companies and also from your neighborhood Alexandria agents, so you should compare both to have the best chance of lowering rates. Some insurance companies may not provide online quoting and many times these small, regional companies only sell through independent insurance agents.
More resources for learning
Much more information about car insurance in Kentucky can be read on the website for the Kentucky Department of Insurance located here. Kentucky consumers can file complaints about a company, read consumer alerts, discover disciplinary actions, and read enforcement actions against agents and companies.
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