Kentucky is one of twelve states that have no fault automobile insurance laws. This means that every driver in the state is expected to carry automobile insurance. Unfortunately this isn’t always the case, so it’s up to each driver to ensure that they do purchase enough coverage for their individual situation.
Cost is always a huge consideration when it comes time to find car insurance. You can find cheap automobile insurance online in Kentucky if you feel comfortable using a computer and you are aware of exactly what type of coverage you need.
If you drive an older car in the state, you may want to consider just taking out a bare bones policy. This type of policy provides the minimum state required levels of liability coverage. The majority of older automobiles aren’t worth a great deal so taking out collision or comprehensive coverage just isn’t a smart decision in terms of finances.
Newer car owners will need to approach their online automobile insurance search with a different mindset. They need to protect their investment so collision and comprehensive coverage are essential. This is particularly true if the vehicle is financed as it’s very often a requirement of obtaining a loan.
There is a way of saving on insurance costs for late model cars and trucks though. Taking out a higher deductible will bring the premium cost down. When you seek out online quotes make note of this by requesting a deductible that is over the basic $250 or $500 mark. Even raising it to $1,000 can make a large difference in the price of the annual premium.
Many new cars come with a global positioning system device built right in. Some insurance companies are now recognizing the value in this and are offering a discount to drivers who do have these vehicles. You may also qualify for a discount if you’ve installed your own car security system in the car. Study all the available discounts when you do your online search for insurance so you can make the most of the ones that apply to your situation.