Best Cheap Auto Insurance Quotes for Teachers in Kentucky

When shopping for insurance for teachers and educators, one of the many criteria that is used by insurance companies to calculate insurance cost is where your residence is. Areas with increased crime or more people like Louisville, Ashland, and Saint Matthews likely pay more, whereas more rural areas generally benefit from lower insurance rates.

The illustration below illustrates the higher priced cities in Kentucky for teachers to purchase car insurance in.

Rates are comparative as specific Kentucky garaging address can influence auto insurance rates substantially.

The vehicle model that is being insured is probably the most important factor when trying to find the best cheap auto insurance for teachers in Kentucky. Vehicles with lower acceleration and performance, a plethora of safety features, or low incidents of liability claims will cost quite a bit less to insure than high performance models.

The next table ranks car insurance prices for the cheaper automobiles to insure.

Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Rates do not factor in vehicle garaging location which can decrease or increase price quotes greatly.

Based upon these rates, you can presume that makes and models like the Honda Accord, Hyundai Tucson, Ford Explorer, Chevrolet Traverse, and Honda CR-V are a few of the cheapest vehicles to insure for teachers and educators.

How accidents and tickets impact rates

The best way to get affordable insurance rates in Kentucky for teachers and educators is to drive carefully and maintain a clean driving record. The chart below illustrates how violations and at-fault accidents can affect auto insurance costs for each different age category. The rates are based on a single male driver, comp and collision included, $100 deductibles, and no discounts are applied.

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The data above shows the average cost of a car insurance policy in Kentucky per year with no accidents or violations is $2,508. Get written up for one speeding ticket and the average cost swells to $2,825, an increase of $317 each year. Now get one accident along with the one speeding ticket and the annual cost of insurance for teachers goes up to an average of $3,733. That’s an increase of $1,225, or $102 per month, just for being a little careless behind the wheel!

The diagram below highlights how deductible choice can impact insurance rates when researching cheap insurance for teachers. The data assumes a married female driver, comp and collision included, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2065,1893,1697,1511],[‘Age 30’, 1449,1325,1181,1043],[‘Age 40’, 1427,1309,1171,1037],[‘Age 50’, 1255,1151,1031,917],[‘Age 60’, 1197,1095,981,871],[‘Age 70’, 1285,1179,1059,947]]);var options = {title: ‘Effect of Deductibles on Auto Insurance Rates in Kentucky’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The data above shows that a 30-year-old driver could lower rates by $256 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $390 by choosing a $1,000 deductible. Younger drivers, like the Age 20 category, could lower their rates $554 annually by choosing a higher deductible.

When choosing a higher deductible, it is a good idea to have enough savings to enable you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Who is cheaper: Progressive, Allstate, State Farm, or Geico?

When shopping for auto insurance, four companies to definitely compare rates with are Progressive, Allstate, State Farm, and Geico. If you add them together, they insure almost half of all auto insurance written. They all have the same basic coverages, but each one has somewhat different options that may affect your buying decision. The data below shows pricing and service ratings, plus some optional coverages that are available for customers.

Who has the cheapest insurance quotes for teachers and educators?

There are quite a few ways to comparison shop for insurance in Kentucky, but the most popular methods are through an exclusive insurance agent like Auto-Owners or State Farm, an independent agent, or direct online or over the phone from a company like Geico or Progressive. You can use whichever method you prefer, but it’s good to know the differences in how they provide rate quotes.

Independent insurance agencies can place your business with multiple companies and can provide price quotes from every one. They can quote with many companies and provide you with more rates, which may provide you with more bang for your buck. If they quote lower rates, your policy is moved internally and you don’t have to do anything.

An agent who is captive is only able to place business with one insurance company, for example a State Farm or Allstate agent. These guys and gals cannot place coverage with different providers, so you will not be able to compare multiple prices.

Opting to purchase insurance direct means you bypass local agents and instead shop from a direct company like Geico or Progressive. Buying insurance direct may be preferred by consumers who do not need high amounts of coverage and have a good understanding of what coverage options they need.

So which way is best to buy the best cheap auto insurance for teachers in Kentucky? It would be easy to say shopping direct saves money since that eliminates agent commissions, but unfortunately, it’s not that cut and dried. It would also be easy to say using an independent agent saves the most money since they can quote with many companies, but again, that’s not accurate. In the right set of circumstances, the exclusive agents have extremely competitive rates that are the cheapest.

Due to the large number of rating factors, the only true way to ensure you are not overpaying for insurance is to get quotes and compare the rates. Set aside the time to get quotes from all three types to have a good selection of rates to choose from. For a list of companies with cheap rates in Kentucky, click here to view.