Nicholasville Auto Insurance Savings the Big Companies Don’t Want You to Know About

Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Trust us when we tell you there are many Nicholasville consumers feeling the pinch from expensive auto insurance. Insurance companies such as Allstate and Progressive all promote huge savings with TV and radio ads and it is difficult to sift through the bull and take the time to shop coverage around.

Save money by taking advantage of these discounts

Companies offering auto insurance do not advertise every discount very well, so we researched both well-publicized and the more hidden ways to save on auto insurance. If you don’t get every credit possible, you’re paying more than you need to.

  • Military Discounts – Having a family member in the military can result in better rates.
  • Seat Belt Usage – Requiring all passengers to use a seat belt could save 15% off the personal injury premium cost.
  • Anti-theft System – Cars that have factory anti-theft systems prevent vehicle theft and will save you 10% or more.
  • No Claims – Drivers who don’t have accidents pay less when compared to accident-prone drivers.
  • Student in College – Any of your kids who are attending college and do not have access to a covered vehicle may be able to be covered for less.
  • Safe Driver Discount – Safe drivers may receive a discount up to 45% less than drivers with accident claims.
  • Save over 55 – Older drivers can possibly qualify for a small decrease in premiums.
  • Auto/Home Discount – If you insure your home and vehicles with the same company you may earn approximately 10% to 15%.
  • Student Driver Training – Have your child take driver’s ed class if it’s offered in school.
  • Life Insurance Discount – Select insurance companies reward you with lower rates if you buy life insurance.

As a disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. So when it seems like you would end up receiving a 100% discount, it doesn’t quite work that way.

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

How to Compare Auto Insurance Quotes in Nicholasville, KY

There are multiple methods to compare auto insurance prices but there is one way that is less time-consuming than others. You can waste a lot of time driving to local insurance agents in Nicholasville, or you can utilize online quotes to quickly compare rates.

All the larger companies participate in an industry program that allows shoppers to submit one quote, and at least one company then returns a price quote determined by their information. This saves time by eliminating form submissions to each company.Kentucky insurance prices

To find out what other companies charge click to open in new window.

The only drawback to using this type of form is that consumers can’t choose which providers to receive prices from. If you prefer to choose from a list of companies to receive pricing from, we have a listing of the cheapest auto insurance companies in Kentucky. Click here to view list.

Whichever way you use, be sure to compare identical coverage limits with every price quote. If you use different values for each quote it’s impossible to determine which rate is truly the best in Nicholasville.

Learn How to Buy Auto Insurance Cheaper

Consumers need to have an understanding of the factors that come into play when calculating your auto insurance rates. Knowing what impacts premium levels enables informed choices that could result in much lower annual insurance costs.

The list below includes some of the items auto insurance companies consider when setting premiums.

  • Don’t get talked into coverage you don’t need – There are a lot of extra bells and whistles that can waste your money if you aren’t careful. Coverages for vanishing deductibles, accident forgiveness and membership fees are examples of these. These may sound like a good investment at first, but your needs may have changed so eliminate them to save money.
  • Rates may be higher depending on your occupation – Did you know your job can affect your rates? Careers like lawyers, architects and financial analysts are shown to have higher average rates in part from stressful work requirements and long work days. Conversely, occupations like farmers, engineers and homemakers pay the least.
  • Better credit means lower rates – Your credit rating is a big factor in your rate calculation. People with high credit ratings tend to be more responsible than those with lower credit ratings. Therefore, if your credit history can use some improvement, you could save money insuring your by repairing your credit.
  • Pay less if you’re married – Having a wife or husband helps lower the price on your auto insurance policy. Marriage usually means you are more mature and responsible it has been statistically shown that married drivers get in fewer accidents.
  • Multiple policies with one company can save – Some insurers provide better rates to insureds who consolidate policies with them in the form of a multi-policy discount. Even with this discount, you still need to compare other company rates to ensure the best deal.
  • Optional equipment can affect rates – Choosing a vehicle with a theft deterrent system can help lower your rates. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your car from being stolen.
  • Better crash test results mean better rates – Safer cars can get you lower premiums. These vehicles result in less severe injuries and any reduction in injury severity translates into fewer and smaller insurance claims passed on to you as lower rates.
  • Is your vehicle built for speed? – The performance of the vehicle you are buying insurance for makes a huge difference in determining your rates. The lowest rates tend to be for lower performance four cylinder passenger cars, but there are many factors that impact the final cost.

When should I use an insurance agent?

When buying adequate coverage, there is no single plan that fits everyone. Everyone’s situation is a little different so your insurance should reflect that For instance, these questions might point out if your situation may require specific advice.

  • Should I put collision coverage on all my vehicles?
  • Does my vehicle need full coverage?
  • Does my policy cover me when driving someone else’s vehicle?
  • Does coverage extend to a rental car in a foreign country?
  • Should I sign the liability waiver when renting a car?
  • Can I still get insurance after a DUI?
  • Am I covered when using my vehicle for business?
  • Is my cargo covered for damage or theft?

If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.

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Better coverage you can count on

As you restructure your insurance plan, do not buy less coverage just to save a little money. In many instances, an insured dropped liability limits or collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The aim is to get the best coverage possible at a price you can afford while still protecting your assets.

We just presented a lot of information how to compare auto insurance prices online. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. Consumers could even find that the most savings is with a smaller regional carrier. These smaller insurers often have lower prices on specific markets than the large multi-state companies such as State Farm or Progressive.

Learn more about Kentucky auto insurance

Additional detailed information is available at the Kentucky Department of Insurance website. Kentucky drivers can read state legal mandates and laws, learn about specific coverages, and report car insurance fraud.