Common Issues and Concerns Regarding Auto Insurance in Kentucky

All licensed drivers in Kentucky are required to purchase an auto insurance policy so as to meet the liability requirements enforced by the state. Though the minimum amounts of bodily injury liability required by the state are $25,000 per person and $50,000 for total injuries in an accident, most policyholders opt to pay for much higher coverage. The most common amount for personal injury liability per person is $100,000 while most drivers opt to purchase $300,000 total injury liability per accident. Another coverage that is required in Kentucky is the property damage liability, with the minimum amount set at $10,000. Most policyholders, however purchase liability coverage amounting to $50,000 to be able to pay any claims made against them in case they do get involve in auto accidents.

There are also other kinds of coverage that could be added to automobile insurance premiums, to address any other kind of expenses associated with being in an automobile accident. Though coverage for uninsured motorist is not required by the state, most policyholders in Kentucky often purchase this coverage with amounts of $100,000 for personal injuries per person and $300,000 for total injuries. There are also coverage offered for underinsured motorists as well as for collision and comprehensive coverage that typically has $500 deductibles.

Households with teen drivers should also know that the state of Kentucky also has its own Graduated Driver Licensing rating that could impact the rate of insurance premium you would be offered by a particular insurance provider. It would be good for the primary policyholder to be familiar with these provisions, such as the minimum entry age as well as passenger restrictions for teen drivers. Maintaining good driving records among teenage drivers is important, as most insurance providers in Kentucky would not be willing to approve insurance policies for high-risk individuals, such teenagers who have their licenses revoke for violations.

For those who have been convicted of driving under influence or DUI, there are certain restrictions and rules imposed by the state of Kentucky that needs to be followed religiously. One rule is the need for a person convicted of a DUI to purchase a SR-22 insurance policy in order to have his or her own driver’s license be reinstated. For the first offense, charged drivers need to maintain this kind of insurance for five years. Subsequent offenses also require additional number of years for maintaining the SR-22 insurance. The downside of this particular insurance is its high premium rates, corresponding to the increased risk associated with having a previous DUI charge. Those who do not own their own vehicle yet was still charged with DUI would have to purchase a non-owner SR-22 auto insurance policy in order to get their license back.

With the cost of insurance products on the rise, there are several ways in which you as the potential policyholder can enjoy savings on your auto insurance in Kentucky. One way would be to ask around for discounts offered by insurance providers for purchasing more than one insurance policy from them. Auto insurance policyholders could also enjoy discounts if they practice carpooling, since this is one way of encouraging drivers to use their vehicles less. Those who have been practice carpooling for some time now and has not yet enjoyed this discount should contact their local insurance agent to know what kind of documents to submit in order to avail of some kind of refund. Installing safety devices and alarm systems also allow its owners to enjoy some form of discounts, depending on the specific provisions and practices implemented by their insurance provider. Lastly, know that the state of Kentucky imposes harsh regulations on those who choose to disregarding safety and common sense and still decide to drive without auto insurance. Violators would be imposed by a fine of between $500 to $1000, as well as possible jail time. The vehicle’s registration as well as its license plates may also be seized and suspended for a period of time.

We help our Kentucky customers in Louisville, Lexington, Owensboro, Bowling Green, Covington, Richmond, Hopkinsville, Henderson, KY and other cities in The Bluegrass State lower their premiums and save money on all types of insurance. Use the form above to find low cost auto, homeowners, health, medical, life and long term care insurance. Using our Kentucky insurance agent and broker network, you can easily compare rates from up to five insurers.

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