8 Methods to Save on Car Insurance in Alexandria Kentucky

Expensive car insurance can dwindle your personal savings and put a big crunch on your finances. Shopping your coverage around is free, only takes a few minutes, and is a good way to tighten up your finances. Having so many companies to choose from, it is hard for the average consumer to locate the cheapest insurance company.

Take advantage of discounts

Companies do not list all available discounts very well, so we took the time to find both the well known as well as the least known savings tricks you should be using. If you don't get every credit you deserve, you are throwing money away.

  • Multiple Vehicles - Insuring multiple vehicles on one policy may reduce the rate for each vehicle.
  • Student in College - Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle may qualify for this discount.
  • Anti-lock Brake System - Cars that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
  • Government Employees - Active or retired federal employment can save as much as 8% depending on your company.
  • Life Insurance - Some companies give a break if you buy a life insurance policy as well.
  • Military Discounts - Being on active duty in the military may qualify for rate reductions.
  • Auto/Home Discount - If you have multiple policies with the same company you could get a discount of up to 20% off your total premium.
  • Payment Method - If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save 5% or more.

It's important to note that most discount credits are not given to the overall cost of the policy. Most cut individual premiums such as physical damage coverage or medical payments. So when it seems like it's possible to get free car insurance, you're out of luck.

How to know if you need help

When it comes to buying the right insurance coverage for your personal vehicles, there really is no "best" method to buy coverage. Everyone's situation is a little different so your insurance should reflect that These are some specific questions may help you determine whether your personal situation might need an agent's assistance.

  • Can I afford to buy a different vehicle if my vehicle is totaled?
  • Why does it cost so much to insure a teen driver in Alexandria?
  • What are Kentucky no-fault laws?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Can I still get insurance after a DUI?
  • Do I have coverage for damage caused while driving under the influence?
  • What happens if I owe more than my vehicle is worth?
  • Am I covered when delivering products for my home-based business?

If you're not sure about those questions but a few of them apply then you might want to talk to a licensed agent. If you don't have a local agent, complete this form or go to this page to view a list of companies. It's fast, doesn't cost anything and can help protect your family.

Are car insurance companies telling the truth?

Consumers in Kentucky get pounded daily by advertisements for car insurance savings from companies such as Allstate, GEICO and Progressive. All the companies make an identical promise that you can save after switching your policy.

But how can every company claim to save you money?

All companies have a preferred profile for the right customer that earns them a profit. For example, a profitable customer might be between the ages of 30 and 50, insures multiple vehicles, and has great credit. Any new insured who meets those qualifications gets the lowest rates and most likely will save a lot of money.

Potential insureds who don't qualify for this ideal profile must pay more money and ends up with the customer not buying. The ads say "customers that switch" not "people who quote" save that kind of money. This is how insurance companies can advertise the savings. This illustrates why drivers should compare many company's rates. It's just too difficult to predict which insurance companies will give you the biggest savings.

Additional detailed information can be found at the Kentucky Department of Insurance website. Visitors are able to report car insurance fraud, read enforcement actions against agents and companies, find out industry alerts, and download brochures.

Also read more on this link for Kentucky car insurance quotes and this page for help finding agents in Alexandria, KY.

Alexandria car insurance comparison

And the best car insurance company is...

Lower-priced car insurance can be bought both online in addition to many Alexandria insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who do not provide you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.

As you prepare to switch companies, do not skimp on coverage in order to save money. In too many instances, drivers have reduced physical damage coverage only to discover later that the small savings ended up costing them much more. Your focus should be to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.