Nicknamed the "horse capital of the world," Lexington is one of Kentucky's most instantly recognizable cities. The metropolitan region of Lexington encompasses almost 455,000 residents according to the United States census, as well as numerous museums and the Keeneland and Red Mile Harness race tracks, two of the most famous horse racing tracks in the world. Residents of Lexington don't typically ride around the city, though--there are quite a few drivers in the town and for those drivers, car insurance is a prominent part of an annual budget. There are several ways for Lexington residents to find lower car insurance premiums, but first it's important to understand the factors that affect these premiums.
Insurance law is, of course, a major component of any policy, and understanding Kentucky's insurance system is essential. Most notably, Kentucky allows its residents to opt into a no fault system, which means that in the event of a minor accident, a no fault driver doesn't have the right to sue the other driver, even if he's not at fault. This doesn't seem to make much sense at first, but drivers who opt into no fault insurance usually see much lower rates. Because no fault insurance is optional in Kentucky, no fault drivers are required to carry personal injury coverage. This is in addition to the required $25,000 in bodily injury liability per person for $50,000 per accident and $50,000 in personal property damage liability. Drivers can decrease their coverage levels to achieve lower premiums, but this carries significant risks.
Many Lexington car insurance companies offer discounts to drivers that take steps to avoid making a car insurance claim. For instance, drivers that take defensive driving classes from the state of Kentucky can often get a preferential discount. Although Lexington is nowhere near the most dangerous city in the state, installing an anti-theft device may also provide some relief. There may be other programs available from your insurance company, and insurance agents will usually be happy to tell drivers about any available discounts.
However, there's no better way to get lower Lexington auto insurance quotes than simply gathering as many of them as possible. This makes it easy for drivers to compare different plans and weigh the advantages and disadvantages of each policy. We offer a tool to help you find the lowest possible Lexington car insurance quotes. Drivers simply need to input their zip code to get a range of quotes from major insurance companies. It's an essential tool for any drivers looking to find low premiums without being forced into an inferior policy. Enter your zip code now and we can help you find the best coverage at the best price.