Car Insurance in Lexington
On average, Lexington premiums sit under Kentucky's average by $454, so it is important to save while insuring a vehicle in Lexington. Who doesn't like to save money? Check out some methods to save on car insurance in Lexington.
- City Average: $1,596
- State Average: $2,050
- National Average: $1,427
Lexington Car Insurance by Accident or Violation History
Do you realize the impact an accident or violation can have on your premiums? A DUI will increase your car insurance premiums more than other driving violations. $875 is the additional cost per year for drivers with a DUI in Lexington, compared to the city average of $1,596. Reckless driving will also drive your rates up, with typical rates of $2,459. That is 54% higher than the city average! Being at-fault in an accident costs drivers an extra 54% per year in premiums compared to the city average.
- DUI: $2,471
- Reckless Driving: $2,459
- At-fault Accident (damages less than $1000): $2,463
- At-fault Accident (damages greater than $2000): $2,463
- Speeding Ticket (16-20 mph over speed limit): $1,918
Lexington Car Insurance by Gender and Marital Status
Both gender and marital status play a role in your car insurance premiums in Lexington. Premiums for women are normally 2% more pricey than for men. Being single can cost you an average of 6% more per year compared to being married. Rates for those who are widowed are slightly cheaper than rates for those who are single.
- Female: $1,625
- Male: $1,596
- Single: $1,596
- Married: $1,507
- Divorced: $1,596
- Widowed: $1,585
Lexington Car Insurance by Credit Rating
Average car insurance premiums in Lexington for individuals with Very Poor credit (300-579) are 2.5x higher than for those with Exceptional credit (800-850). Drivers will see the largest drop in premiums when they improve their credit from Very Poor (300-579) to Fair (580-669). That change can save them $617 per year.
- Very Poor: $3,490
- Fair: $2,760
- Good: $2,143
- Very Good: $1,695
- Exceptional: $1,386
Lexington Car Insurance by Age
The largest decline in premiums between any age group is from the teenage age range to the 20s, as drivers in Lexington start saving an average of 68% annually. Car insurance premiums for drivers in Lexington continue to fall through their 50s, but they can expect to pay more when they hit 60. With car insurance payments of $6,851 on average, teenage drivers have the highest rates amongst all the age groups. Among all age groups, drivers in their 50s have the lowest car insurance premiums, with rates of $1,417. Those in their 60s ($1,452) aren’t paying much more.
- Teenagers: $6,851
- 20s: $2,193
- 30s: $1,582
- 40s: $1,499
- 50s: $1,417
- 60s: $1,452
- 70s: $1,801
What drives up car insurance rates in Lexington?
Where you live in Lexington affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by zip code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately Lexington is no exception to the rule. From zip code 40510 to 40598, premiums rise by 22 percent—that’s $308.
Expensive Lexington Zip Codes: 40517, 40503, 40502, 40550, 40598
Cheap Lexington Zip Codes: 40510, 40504, 40513, 40526, 40536
Lexington Driving Conditions
Inclement weather goes hand in hand with wet brakes, slick roads & decreased visibility.
And that's not the worst of it. Each year there are more than 700,000 weather-related car accidents. In Lexington, you can expect 130 rainy days with an annual rainfall of 46 inches. Lexington is also known to experience thunderstorms and tornadoes. You can check on the condition of the roads anytime here.
Rainy Days a Year
Avg. Annual Rainfall
Avg. Annual Snowfall
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Lexington Car Insurance
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