Posted on September 26, 2018
Finding the cheapest Kentucky auto insurance rates is important for all residents of KY. Insurance in Kentucky is required by law, as it is in most of the states but there are some things you can do to make it more affordable to you. Here are3 steps you can use to help reduce your KY auto insurance premiums without sacrificing quality.
1. Increase Your Deductible. Although you may end up paying out of pocket for smaller claims, raising your deductible to $2,500 or higher will significantly reduce your premiums. You will still be protected in the case of a more serious accident but will pay for any smaller claims yourself.
2. Scrutinize Coverage Options. You will want to be in compliance with Kentucky State law, but there are other options to consider. Collision insurance is one example. If you are driving and still paying for a newer car, you will want to be protected from having to make payments on a car that is not usable. The older your vehicle is then the less likely it is that you will need collision coverage.
3. Ask For Discounts. Most insurance companies offer discounts to drivers with safe driving records, students with B average grades, drivers with multiple cars covered under the same policy, and policy holders multiple types of insurance with the same insurance company
You can use these 3 steps to guide your search for a lower rate. Using the Internet, you can gather KY car insurance quotes from multiple insurance companies in just a few minutes. Just be sure to investigate the companies you are considering. It is well worth your time to check their customer satisfaction ratings, BBB rating, and financial stability reports.
Posted on September 18, 2018
The one thing that everyone in Kentucky who is on the market for homeowner’s insurance must do is shop around. Even if you absolutely detest the idea of calling different agents for quotes, you must suffer through. If you don’t, you may end up paying way more than you need to for homeowner’s insurance.
The first stop on your journey to secure homeowner’s insurance should be with any agent you already have a policy with. Some people have life, health or automobile insurance and find themselves looking for homeowner’s insurance. If this is the case with you, ask your agent for a quote on homeowner’s insurance. He or she may be able to combine your insurance needs into one policy that offers savings on each type of coverage.
You need to also be aware of how much insurance you actually need. People commonly over insure both their property and belongings. You are paying extra for that coverage so it’s only costing you money. Instead look at the situation reasonably and base it on what your dwelling and possessions are really worth.
If you have something in particular that is quite valuable such as a piece of jewelry or artwork, it’s a good idea to purchase a separate rider for that. A rider can be added on to your new or existing insurance policy and ensures that should that item be lost, stolen or damaged, that you’ll recoup the loss. This offers peace of mind to individual’s who fear losing something incredibly meaningful and valuable.
Look at your coverage again each year as it comes due. Many times people sell belongings or purchase new things or house prices change. You may find that you can lower some of your coverage which will help you to enjoy a better rate.
Posted on September 11, 2018
The Kentucky Office of Insurance is a great resource for anyone in the state looking for homeowner’s insurance. Although this office doesn’t offer recommendations regarding which agent or company to deal with, they are able to verify if a company is licensed to sell homeowner’s insurance in the state. This is important as purchasing a policy for a non-licensed company can lead to many headaches including having trouble when it comes time to make a claim.
When you are looking for a low cost homeowner’s insurance policy it’s imperative that you seek out quotes from several different companies. You’ll need to supply some basic information including the location of the home, its age and your personal information. Any perspective insurance company will likely check your history to see if you’ve had any claims against former homeowner’s insurance companies. If you have you can expect your rates to be higher.
Asking for a higher deductible should be something you do with each company you contact. Most will have a preset deductible that will be below $500. If you ask for a higher deductible the cost of the premium will be lower. If you don’t anticipate making any claims in the near future, this is a great way to save money. Even raising the deductible to $1,000 or $2,000 can have a huge impact on your bottom line cost.
Be certain that when you calculate the cost of replacing your home that you don’t factor in the price of the land. This is a common mistake that many homeowners make and it results in them spending more on premiums than they need to. Only insure the home and any other buildings on the property, such as a garage. This will help you enjoy all the coverage you need at the lowest cost.