Cheap Car Insurance in Lexington, Kentucky
Lexington, Kentucky, is one of the most underrated cities in the nation. It is the perfect example of southern hospitality, immersing guests in many arts, culture, and entertainment opportunities. It is famous for being the site of the Kentucky Derby, Louisville Slugger Museum and Factory, Kentucky Horse Park, and the annual Festival of the Bluegrass.
All Lexington drivers must carry proof of insurance when driving on its roads. Keep reading to learn more about Kentucky car insurance, including ways to save on your next bill, penalties for driving without insurance, and the average monthly rates paid by age and zip code.
Quick Facts
- Lexington is home to Kentucky’s oldest bluegrass music festival
- The largest basketball arena in the country is in Lexington
- More than 1,500 different species of roses can be seen in the Arboretum in Lexington
- Lexington’s nicknames are “Thoroughbred City” and the “Horse Capital of the World,” thanks to being the site of three nationally recognized horse race courses and more than 500 horse farms
How Much Does Car Insurance Cost in Lexington, Kentucky?
In Lexington, drivers pay an average monthly rate of $153 for full coverage car insurance. This compares favorably to Kentucky’s overall rate for full coverage, which averages out to $177. The national average is $140. Full coverage consists of at least the required liability, plus comprehensive car insurance and collision auto insurance. It’s the best protection you can get for peace of mind.
The state-required minimum liability insurance will be the cheapest car insurance in Kentucky and those with good driving records will see the lowest prices. The average monthly for this insurance is $52, which compares to $62 for the state of Kentucky overall and $47 for the nation.
See our breakdown of the average monthly car insurance cost in nearby cities to Lexington-Fayette:
| City | Full Coverage Insurance | Liability Insurance Coverage |
|---|---|---|
| Lexington | $153 | $52 |
| Bowling Green | $144 | $45 |
| Covington | $147 | $47 |
| Louisville | $202 | $71 |
Affordable Car Insurance Rates by Zip Code in Lexington, KY
Moving to a different zip code in the same city can actually change your premiums. Some zip codes have more claims than others, raising the rates for everyone living there.
See our breakdown of the average car insurance cost by zip code in Lexington-Fayette below:
| Zip Code | Full Coverage Insurance | Liability Insurance Coverage |
|---|---|---|
| 40383 | $147 | $47 |
| 40502 | $153 | $52 |
| 40503 | $148 | $51 |
| 40504 | $147 | $51 |
| 40505 | $149 | $51 |
| 40506 | $150 | $50 |
| 40507 | $151 | $52 |
| 40508 | $151 | $51 |
| 40509 | $147 | $50 |
| 40510 | $146 | $50 |
| 40511 | $150 | $48 |
| 40513 | $149 | $50 |
| 40514 | $144 | $50 |
| 40515 | $147 | $50 |
| 40516 | $150 | $50 |
| 40517 | $148 | $51 |
| 40526 | $150 | $50 |
| 40536 | $150 | $50 |
| 40574 | $153 | $52 |
| 40575 | $153 | $52 |
| 40576 | $153 | $52 |
| 40588 | $153 | $52 |
| 40601 | $150 | $45 |
| 42728 | $163 | $44 |
Low-Cost Car Insurance Rates by Age in Lexington, Kentucky
Your age plays a major role in how much you pay for car insurance. For example, in Lexington, teenagers pay a much higher rate than drivers in their 30s, 40s, and 50s due to their riskier profile and higher average number of claims.
Check out our list below for average monthly car insurance prices by age in Lexington-Fayette:
| Age | Full Coverage Insurance | Liability Insurance Coverage |
|---|---|---|
| Teenagers | $549 | $202 |
| 20s | $179 | $60 |
| 30s | $153 | $52 |
| 40s | $145 | $50 |
| 50s | $135 | $47 |
| 60s | $141 | $50 |
| 70s | $172 | $66 |
Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by Kentucky. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.
Get a Quote for Car Insurance in Kentucky Today!
Driving Conditions in Lexington, Kentucky
How Many Fatal Accidents Happen in Lexington, KY?
In 2019, there were 25 fatal road traffic accidents in Lexington-Fayette, resulting in 33 fatalities, 74 people, and 43 vehicles.
How Are the Road Infrastructure and Bridges in Lexington-Fayette?
Kentucky is constantly looking to improve its roads and infrastructure. As a result, it receives a C- grade in the 2019 Kentucky Infrastructure Report Card (ASCE), which evaluates its progress against crucial infrastructure categories like hazardous waste removal, levees, roads, dams, and bridge conditions.
To learn more about the 2019 Kentucky Infrastructure Report Card, visit 2019 Kentucky Infrastructure Report Card.
Minimum Car Insurance Requirements in Lexington, Kentucky
All Kentucky drivers must adhere to the minimum car insurance requirements, which include liability car insurance and Personal Injury Protection:
- $25,000 for bodily injury insurance per person
- $50,000 for bodily injury insurance per accident
- $25,000 for property damage insurance per accident
- $10,000 personal injury protection (PIP) per accident
Kentucky is a no-fault state. As a result, all drivers must have $10,000 in personal injury protection per accident. This is meant to help offset the costs of medical bills, lost wages and more in the event of a crash.
If possible, go with a full coverage policy over a state minimum required policy. Full coverage includes comprehensive and collision insurance, offering greater protections like vehicle-to-object collisions, theft, and weather-related incidents. The higher your coverage limits, the better peace of mind you will have on the road.
What Are the Penalties for Driving Without Insurance in Lexington, KY?
Kentucky pays a careful eye to drivers that have lapsed insurance in the state.
If caught driving without car insurance in Lexington-Fayette, you will pay fines anywhere from $500 to $2,500, depending on whether it’s a first, second, or subsequent offense. Your license and registration will also be suspended until you provide proof of insurance. Reinstatement fees are not too excessive ($40 fee plus court fines).
In extreme cases, you may also receive 90 to 180 days in jail, depending on the offense and your past driving record.
Factors Allowed in Determining Car Insurance Rates in Lexington, Kentucky
Every person in Lexington pays a different rate for car insurance based on many factors. These factors include age, gender, and zip code of residence.
Other factors affecting Lexington-Fayette auto insurance rates include:
- Driving record
- Education & occupation
- Marital status
- Credit score
- Gender
Do not forget that driving an older make and model vehicle will save you plenty in premiums. Older models have a cheaper cost of labor and replacement parts over newer models, posing less of a risk to insurers. We recommend calling your auto insurance provider to learn if you qualify for discounts. One phone call can save $10 or $20 off your monthly bill.
Discounts for Car Insurance in Lexington, KY
Every insurance company offers car insurance discounts. They reward drivers on everything from bundling their auto and home insurance policies to maintaining a clean driving record for three to five years.
Lexington-Fayette drivers can enjoy some of the following discounts:
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Vehicle Safety Discount
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As your life circumstances change, check in with your insurance agent regularly to stay on top of savings. For example, bundling your homeowners and auto insurance policy could result in 5% savings from each one.
Get an Online Quote for Low-Cost Car Insurance in Lexington Today!
Get a cheap car insurance policy in Lexington, Kentucky and Fayette, Kentucky from Freeway Insurance. Let us help you find a state minimum or full coverage policy in line with your budget and coverage requirements.
Request a free car insurance quote online, visit a Lexington-Fayette office, or call us at 800-777-5620 for a free, no-obligation quote.