Affordable Car Insurance Auto Insurance in Kentucky - Compare Rates

As any other state in USA, the Commonwealth of Kentucky also has few laws when it comes to driving. It requires all drivers to have insurance in order to register a vehicle or receive a driver's license.

Kentucky is one of the three U.S. states (the others being - New Jersey, and Pennsylvania) that offer a choice between "traditional tort" and "limited tort" (no-fault) options. If you do not make choice then you are assigned the no-fault option by default.

To select either of them you must know what actually they mean.

In the tort system, if someone is found guilty of causing the accident then his insurer is supposed to pay for the damages. In this system you are allowed to sue the other driver for expenses. If you choose it then you are supposed to buy minimum liability of -
1. $25,000 for the bodily injury for every person
2. $50,000 for the bodily injury for every accident
3. $10,000 for the property damage caused by the accident

Under the "limited tort" (no-fault) options, you are required to carry Personal Injury Protection (PIP) of minimum $ 10,000.

It will pay up to
>> $10,000 for medical expenses
>> lost wages up to $200 per week
>> survivor's benefits if someone is injured in a motor vehicle accident

This option forfeits the right to sue other driver unless expenses are over a certain limit (the limit changes every couple of years, so you must check with the Department of Insurance)You should keep in mind that with rising medical costs, the basic coverage may not be adequate to cover a serious injury. For that you will have to purchase additional coverage. If you don't want this option, you can reject it in writing to the Department of Insurance.

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Other than this, you can get Uninsured/Underinsured Motorist Bodily Injury coverage to cover bodily injury caused by an uninsured and/or underinsured driver and to cover damages to your property you can go for :-
Collision Coverage - It covers damage to your vehicle caused by an accident or even when it collides with something.
Comprehensive Coverage - It covers damage caused to your vehicle by any reason other than collision like fire, theft, vandalism, flood, falling objects and colliding with a bird or animal.

If you are having problem getting insurance for various reasons, then Kentucky Automobile Insurance Plan (KAIP) may be the best answer for you.

It is an association of 9 members that helps providing insurance to consumers who do not get it in the voluntary market. This plan provides for all coverages except physical damage coverage (comprehensive and collision).

Before going for this option, search for companies that may be willing to offer you insurance as in this case the premium may be higher than usual.

Now when you know all about the choices that you have, you need to know ways in which you can lower your premium.

You can go online and get quotes from several companies. In today's competitive market, companies are ready to offer lesser rates, so it is better to shop around unless you want to miss an opportunity.

You can increase the deductible amount (the amount you pay out of your own pocket and are not reimbursed by the insurer). A higher deductible means you are paying for smaller expenses on your own and thus limiting your claims. Customers with lesser claims are always welcomed by the insurer so this will decrease your premium. Never forget to ask for discounts ("good driver" discount, "good student" discount, discount on safety devices etc.) .You may be eligible for quite a few and this will further lower your insurance.

Before you sign the dotted line, keep in mind that price is not the only way you can judge an insurance company. So don't forget to review the insurer's financial stability reports and consumer satisfaction ratings.

With all the information that you now have about auto insurance, the only thing left is to make the deal.

So go ahead...... Indulge yourself in some smart shopping!!!

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