Price shopping your car insurance might be quite difficult for drivers new to shopping for insurance online. There are so many options that it can easily become a real challenge to find the lowest price on car insurance.

Astonishing but true according to a recent study, nearly 70% of customers have stayed with the same insurance company for well over three years, and about 40% of consumers have never compared quotes from other companies. The average driver in the United States can save 47% each year, but most undervalue the actual amount they would save if they replace their high priced policy.

Buying affordable car insurance in Lexington is really quite easy. Basically, every car owner who buys car insurance will be able to cut their insurance bill. Although South Carolina drivers can benefit from knowing the methods companies use to determine how much to charge and take advantage of how the system works.

These nine discounts can reduce insurance rates

Companies do not advertise every available discount very well, so here is a list a few of the more common and also the more inconspicuous discounts that may be available. If you are not receiving all the discounts possible, you could be saving more on your insurance.Save money with discounts

Remember that some of the credits will not apply to your bottom line cost. Some only reduce individual premiums such as medical payments or collision. Despite the appearance that adding up those discounts means a free policy, companies wouldn't make money that way. But all discounts will bring down the amount you have to pay.

Car insurance companies that have these money-saving discounts may include but are not limited to:

When getting a coverage quote, ask every prospective company which discounts you qualify for. Some of the earlier mentioned discounts might not be available to policyholders in Lexington. To see a list of insurers with discount rates in Lexington, click here to view.

To find more affordable prices, there are a couple of ways to compare rate quotes from all the different companies. The easiest way to find cheaper rates is to perform an online rate comparison.

When comparing auto insurance rates, know that comparing more rates from different companies gives you a better chance of getting more affordable insurance.

The companies shown below can provide price quotes in Lexington, SC. If several companies are displayed, we recommend you click on several of them to get the best price comparison.

Insurance Rates for Popular Vehicles in Lexington
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LT 2WD $1,208 $604 $101
Chevrolet Silverado LS Crew Cab 4WD $972 $486 $81
Dodge Ram Crew Cab Laramie 2WD $1,212 $606 $101
Ford Edge SE AWD $1,178 $589 $98
Ford Escape Limited 2WD $928 $464 $77
Ford F-150 XLT Regular Cab 4WD $1,088 $544 $91
Ford Focus SE 2-Dr Coupe $1,358 $679 $113
Honda Accord EX-L 2-Dr Coupe $1,680 $840 $140
Honda CR-V LX 2WD $1,122 $561 $94
Honda Civic SI 2-Dr Coupe $1,428 $714 $119
Hyundai Elantra Blue 4-Dr Sedan $1,072 $536 $89
Kia Optima EX $1,180 $590 $98
Mazda 3 I Touring 4-Dr Sedan $1,252 $626 $104
Nissan Altima Hybrid 4-Dr Sedan $1,118 $559 $93
Toyota Camry SE $1,448 $724 $121
Toyota Corolla XRS $1,166 $583 $97
Toyota Prius $978 $489 $82
Toyota RAV4 Limited 2WD $906 $453 $76
Volkswagen Jetta SE 4-Dr Sedan $1,312 $656 $109
Get Your Own Custom Quote Go

Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and South Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Premium amounts do not factor in specific zip code location which can affect premiums considerably.

Rate difference between full and liability-only coverage

The information below shows the difference between Toyota Camry auto insurance costs when comparing full coverage to liability only. The price estimates are based on no claims or driving citations, $1,000 deductibles, single female driver, and no additional discounts are factored in.

Toyota Camry rates are for example purposes only. To get rates for your specific vehicle, click here.

Should you pay for full coverage?

There is no exact formula of when to phase out comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle's replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let's assume your Toyota Camry replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after the deductible is paid. If it's costing you more than $200 a year for physical damage coverage, then you might want to consider buying only liability coverage.

There are some scenarios where eliminating full coverage is not in your best interest. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan requirements. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.

Illustration showing the impact of accidents and violations

The chart below demonstrates how speeding tickets and accidents can increase Honda Pilot insurance costs for different age groups of insureds. The costs are based on a married female driver, full coverage, $100 deductibles, and no discounts are applied to the premium.

Honda Pilot rates are for example purposes only. To get rates for your specific vehicle, click here.

When do I need an agent's advice?

When quoting and comparing proper insurance coverage, there is no one-size-fits-all type of policy. Every situation is different and your policy should reflect that.Safe vehicles cost less to insure These are some specific questions might help in determining if your insurance needs would benefit from an agent's advice.

If it's difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Coverages available on your policy

Learning about specific coverages of your policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Shown next are the normal coverages available from insurance companies.

Comprehensive coverage

This pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like damage from flooding, hitting a bird and damage from a tornado or hurricane. The highest amount you'll receive from a claim is the market value of your vehicle, so if it's not worth much more than your deductible consider removing comprehensive coverage.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for short-term medical expenses such as ambulance fees, hospital visits, chiropractic care, nursing services and doctor visits. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist coverage

This coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle's occupants and damage to your vehicle.

Due to the fact that many South Carolina drivers have only the minimum liability required by law (which is 25/50/25), their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Coverage for liability

This coverage protects you from injuries or damage you cause to people or other property in an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged property.

Liability coverage protects against claims like repair bills for other people's vehicles, pain and suffering, emergency aid and medical expenses. How much coverage you buy is up to you, but consider buying higher limits if possible. South Carolina requires drivers to carry at least 25/50/25 but drivers should carry higher limits.

Collision coverage

This coverage pays for damage to your vehicle resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like sustaining damage from a pot hole, hitting a mailbox, colliding with a tree, damaging your car on a curb and scraping a guard rail. This coverage can be expensive, so consider removing coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Insurance claim statistics

Does your vehicle tend to have claims? The following claim statistics outline the good and bad cars and trucks for the probability of having to file claims.

Manufacturer Models with the Lowest and Highest Auto Insurance Comprehensive Claims
Lowest Claim Amount Highest Claim Amount
Nissan Leaf BMW M6
Chevy Spark Maserati Quattroporte
Infiniti QX50 Porsche Panamera GTS
Ford F-350 Bentley Continental GT
Volvo V60 Bentley Continental GTC
Nissan Xterra Audi S7

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Medical Payment Insurance Claims by Vehicle Model
Lowest Claim Amount Highest Claim Amount
Ford Expedition Kia Forte
Audi A4 Allroad Mitsubishi Lancer
Chevrolet Silverado 2500 Chevrolet Sonic
Land Rover Range Rover Sport Hyundai Accent
Chevrolet Corvette Mitsubishi Mirage
Tesla Model S Chevrolet Spark

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Car Insurance Liability Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Mercedes-Benz SL Class Mitsubishi Lancer
Audi A6 Dodge Charger
Subaru Outback Chevrolet Cruze
Acura MDX Chevrolet Impala
Chevrolet Corvette Chrysler 200
Volvo XC60 Kia Optima

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Collision Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Chevrolet Colorado Bently Continental GT
Smart ForTwo BMW M6
GMC Canyon Maserati Ghibli
Jeep Wrangler Maserati Granturismo
Ford Edge Bentley Continental Flying Spur
Nissan Xterra Bently Continental GTC

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

You can lower your car insurance rates

As you go through the steps to switch your coverage, make sure you don't skimp on critical coverages to save a buck or two. In many cases, someone sacrificed uninsured motorist or liability limits and found out when filing a claim that the small savings ended up costing them much more. The goal is to buy enough coverage at a price you can afford while not skimping on critical coverages.

We covered many ways to save on car insurance in Lexington. The most important thing to understand is the more quotes you get, the higher your chance of finding low cost Lexington car insurance quotes. You may even be surprised to find that the biggest savings come from a small mutual company. Smaller companies can often insure niche markets at a lower cost compared to the large companies like Allstate, GEICO and Progressive.

Discount car insurance in Lexington is possible both online and from local insurance agents, so you need to shop Lexington car insurance with both in order to have the best chance of saving money. Some car insurance companies do not provide internet price quotes and usually these smaller providers work with local independent agencies.

Additional detailed information can be found in these articles: