Kentucky Car Insurance Rates

Purchasing car insurance can be a bit of a nightmare for anyone. It is often very difficult to understand the scope of coverage and the different add-ons sometimes just don’t make much sense. However there is a way to plough through this information to get a basic understanding of the different components of car insurance rates in Kentucky and to make a decision of what type of insurance is best for you.

Basic information about insuring a car
There are a variety of requirements that have to be fulfilled when purchasing a car, and when buying car insurance. There are many different coverage levels available, depending on your budget and the type of coverage you require. You will also have to bear in mind that there are legal requirements to be fulfilled and there are also things that do not form a critical part of your coverage. These non-critical components of insurance are classified as optional – meaning that if you have the budget, you can choose to add on these specific protections but if not, there is no penalty for not having insurance on them.

Kentucky law on car insurance
Kentucky law is very specific about the protection that is required and you will have to bear the responsibility of ensuring that the requirements are satisfied. The law requires that all drivers must have liability coverage of a minimum of $10,000 for property damage per accident, $25,000 for bodily injury per person, and $50,000 for bodily injury per accident.

If you drive without insurance in Kentucky, it can become an expensive affair with fines of between $500 and $1000 and if that’s not enough, there is a risk that you could end up in jail for up to 90 days as well. The impact of this could also be that your license and motor vehicle registration could be suspended for one year, and this is if you are a first time offender! Repeat offenders are provided with even more enticing fines and penalties!

How to select an insurance provider
There are literally hundreds of providers who will be able to assist you to insure your vehicle and fulfill the legal requirements. Most often, when you have purchased a brand new car, the insurance provider is already specified and if you have not faced any difficulties, the easiest thing to do is to continue with that provider. However if you have had difficulty making claims or have received less than exemplary service, there is a chance to switch providers when you need to renew your insurance.

The basis of your decision is rarely about the premiums and ultimately, it is more about the service that you receive from the providers. Look at the options within your neighborhood and consider speaking to different agents to get a feel for the support that the different insurance companies provide.

Important questions to ask include how long it takes to process claims, what happens if there is hospitalization after an accident, and what the insurance company will do to provide support as well as general questions about the paperwork and processing to obtain insurance.

Saving money on Kentucky car insurance rates
There are some ways to save money when buying car insurance. Because of the competitive nature of this industry, it has become common for insurers to provide customers who purchase both home and car insurance from the same provider with some discounts. It may also be possible to obtain discounts where you are insuring more than one vehicle with the same provider, your track record as a driver has been exemplary, if you couple your insurance purchase with home security system packages, and many more. Just ask!

A lot of providers also offer freebies to their customers and some of these are worth considering. They include reduced premiums on some optional items, or even free insurance on selected optional items, if a minimum amount of insurance is taken. The best way to see what your options are is to actually speak to the insurance agents. At the end of the day, this industry is all about service, not when you are buying the insurance but if you need them after that.

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