Auto insurance is a legal requirement for motorists in every state in the US. But, on close examination, you will quickly see that mandatory minimum requirements vary from state to state, and the whole process can appear rather confusing. Drivers may also be confused as to how to obtain the very best deal on their auto insurance premiums. There are several universal factors to take into account regarding this, but first, let’s acquaint ourselves with the minimum legal coverage requirements for Kentucky.
The minimum levels are set by the government, and there is nothing you can do to alter this. In Kentucky, this means you must carry a minimum of $25,000 for single bodily injury, $50,000 for total bodily injury, including death-as well as $10,000 of coverage for property damage resulting from any accident you cause.
Motorists in Kentucky may also opt to take out something called ‘The Single Limit Plan. This plan provides coverage for liability up to $60,000.
Drivers should also consider whether making initial savings on cover are worth the long-term risks. For example, uninsured/underinsured coverage is not a legal requirement in Kentucky, it may well be worth considering some level of coverage. It ensures that you will receive support in case an accident exceeds your minimum liability coverage.
There are other practical steps you can take to ensure that you are not paying excessively for your premiums. The first point, especially for first-time buyers, is don’t accept the first quote you are given. There are many different insurance companies, and all of them evaluate applicants according to different criteria ratings. As a result, you will very likely get 6 different quotes from 6 different companies. So shop around and don’t settle until you are happy.
Also, another factor that is well within your control is to make sure that you maintain a clean driving record, as most insurance companies place significant weight on this. A good record over a long period will mark you out as a low risk, and you will therefore get a low rate. Make sure also that you pay your premium well before the due date, and also do the same with other bills, especially credit cards, as your credit history will also be a determining factor in the amount you will pay for a premium. Be sure to search online for all options available to you to find the lowest rates possible and ensure that you’re able to take advantage of these discounts and get the best deal for your money each month.