Are you thinking of getting Auto Insurance or Car Insurance in Kentucky? If yes, this guide will provide a complete and comprehensive solution to all your questions. In this guide, you will find everything you need to know about Auto Insurance in Kentucky.
There are various auto insurance companies in Kentucky that promise to provide excellent insurance services at cheaper rates. But in order to choose the best insurance company to obtain the Auto Insurance Quotes KY, you should take the help of various auto insurance comparison applications that are available on the internet. By executing this, you can save a lot of your time and money by selecting the best and the cheapest insurance service provider in Kentucky.
Along with the qualitative insurance services, some of the auto insurance companies in KY also offer discounts on various comprehensive coverage like a good driver, good student, small car, anti-theft system, etc. Since you may find that the insurance policies are quite expensive, that may not fit into your budget. Still, if you own a vehicle in Kentucky, then you must get your car insured by an authorized insurer; otherwise, you may face various risks like payment of fines, jail time, suspension of driving license, and many other penalties.
Therefore, if you are a vehicle owner in Kentucky, then you must get your vehicle insured within no time. Read further to know more about auto insurance and related policies in Kentucky.
Who Has The Cheapest Car Insurance In KY?
It is crucial to shop around and compare prices before buying auto insurance for your car. You may be overpaying your current insurance provider. Therefore, comparing and getting comprehensive estimates will help you understand how dramatically prices can vary as you change your coverage from one provider to the next. There are several types of drivers, and once you proceed to read further, you might find your category quoted with the cheapest insurance price.
Cheapest car insurance for drivers penalized with speeding tickets:
Drivers flagged with a speeding ticket in the time frame of the past three years can avail the cheap auto insurance KY from State Farm Mutual Auto at a nominal price of $1,346.
Cheapest car insurance for people with flawed credit:
Although drivers in Kentucky who drag a lousy credit end up paying about 72 percent more than the customers with acceptable credit, State Farm Mutual Auto can still provide you with a practical option. Drivers with blemished credit can consider getting comprehensive coverage by State Farm at an average price of $2,378.
Cheapest car insurance for students:
Rates can be on the higher side for younger, inexperienced drivers. For students who are in their 20s, Geico offers the cheapest car insurance at just $1,997. Although each company evaluates skills and experience differently, the prices for auto insurance for students can vary massively.
Cheapest car insurance for people with accidents:
Auto insurance rates for people who have had past encounters with accidents vary according to the driver’s history. Therefore, do not hesitate to get quotes from multiple insurance providers. Geico offers the cheapest auto-car insurance for Kentucky drivers who recently caused an accident or were involved in an at-fault crash that caused injury or property damage. However, if you were involved in multiple accidents over the year, State Farm Mutual Auto may provide you with the least expensive coverage. The rates depend on how responsible you have been on the roads of Kentucky. However, never falter on exploring coverage options and comparing prices.
Cheapest car insurance for senior citizens:
While you may be recognized as a senior from the onset of 60 years of age, older drivers can also avail of insurance but offset the cost of higher insurance coverage rate. Progressive Direct offers the most reasonable insurance quotation through Kentucky. A 65-year-old individual can expect to pay around $1,254 annually, whereas an 85-year-old person’s insurance will promptly hike to $1,876.
Cheapest car insurance for teenage boys:
Wayward adolescent boys can be more expensive to insure. However, Geico has taken it upon itself to ensure this notoriously smart race at a budget price of $1,776. Parents can heave a sigh of relief as Geico sufficiently covers their children at a reasonable price.
With more than three million drivers steering on Kentucky roads, the state has the highest traffic fatality rate in the United States. However, car-related deaths often go uncovered because of the inability or the insipid behavior of the Kentucky residents to avail of the services of a comprehensive coverage policy. It might be a fair idea to review your current plan right now to ensure that either you or your loved one and your vehicle both are sufficiently covered.
Who Has the Best Car Insurance Quotes In Kentucky?
In order to get the best car insurance quotes in KY, you need to pick up the right KY Auto Insurance company. The Car Insurance Quotes KY varies between the locations and the insurance carriers. We have picked the top and the best Auto Insurance Quotes KY by analyzing multiple factors that indicate the reliability, quality, and health of an insurance company.
In selecting the companies with the best car insurance quotes in Kentucky, we have taken into consideration the power ratings, consumer reports, mobile app reviews, carrier reviews generated by users, etc. The companies that offer the best car insurance quotes in Kentucky involve the following:
- Travelers
Insurance Quote: $350/month
- Geico
Insurance Quote: $420/month
- Liberty Mutual
Insurance Quote: $489/month
- Progressive
Insurance Quote: $550/month
- American Family
Insurance Quote: $625/month
- Allstate
Insurance Quote: $689/month
- State Farm
Insurance Quote: $794/month
- Safeco
Insurance Quote: $850/month
Best Car Insurance Companies In KY
We have looked into the best and the Cheapest Car Insurance in KY across hundreds of cities and seven major auto insurance providers in the state. While searching for and choosing the best car insurance providers in Kentucky, the price isn’t everything that needs to be considered because, along with price, there are several other considerations like customer service or customer satisfaction to look upon while choosing the best auto insurance provider.
The Best 7 Car Insurance Companies in KY involves the following:
- State Farm
Extremely Satisfied Respondents: 59%
Found Customer Service Excellent: 46%
- GEICO
Extremely Satisfied Respondents: 56%
Found Customer Service Excellent: 42%
- Progressive
Extremely Satisfied Respondents: 51%
Found Customer Service Excellent: 34%
- USAA
Extremely Satisfied Respondents: 68%
Found Customer Service Excellent: 62%
- Allstate
Extremely Satisfied Respondents: 64%
Found Customer Service Excellent: 47%
- Safeco
Extremely Satisfied Respondents: 65%
Found Customer Service Excellent: 54%
- Travelers
Extremely Satisfied Respondents: 68%
Found Customer Service Excellent: 59%
According to this research, State Farm ranks as the best insurance company in KY in which more than 60% of its customers are extremely satisfied and found its customer service excellent. On the other hand, Allstate, despite being the most expensive insurer in the state, ranks in the second position for overall customer service satisfaction. It altogether indicates that KY customers are ready to pay extra money for stellar and excellent customer services provided by Allstate.
How Much Does Auto Insurance Cost In Kentucky?
The average Auto Insurance Quotes KY roughly costs about $1,785 which is approximately $380 above the; level of the national average. The highest comprehensive average annual representative premium in Kentucky was about 62% above the state average. In KY, Geico is the most affordable insurance company, charging about 43% below the state average.
The cost of Auto or Car Insurance Quotes KY is calculated and decided on the basis of the following factors:
- Kentucky Auto Insurance Rates by Age
- Kentucky Auto Insurance Rates by Mileage
- Kentucky Auto Insurance Rates by Coverage Type
- Kentucky Auto Insurance Rates by Credit Score
- Kentucky Auto Insurance Rates by Driving Record
- Kentucky Auto Insurance Rates by City
How To Get The Cheapest Car Insurance In Kentucky?
The price of car insurance policies can be a tough fit in your budget, but this doesn’t mean that you can’t find the cheapest car insurance. There are a number of ways that will surely help you in cutting down the cost of your insurance policy so that you can get Cheap Auto Insurance KY. Below mentioned are some of the top ways to get the cheapest car insurance in Kentucky:
- Buy the coverage from the same insurer: Many insurers will give you the insurance policy at more affordable rates if you will buy two or more insurance types by buying your renters or homeowners auto coverage from the same insurance company like yours. You may also get a reduction in your car insurance if you have more than one vehicle insured with the insurer.
- Avail the Discounts: For getting the Cheapest Car Insurance in KY, you can also apply for various discounts that will cut down the cost of your insurance policy. There are multiple discounts that are available, like Good student discounts, good driver discounts, low mileage, etc., but make sure to apply only for those discounts that you are eligible for.
- Shop Around: The prices of your car insurance policy may vary from one insurer to another, depending upon the norms of the company. Therefore, in order to get the Cheap Car Insurance Quotes KY, you must shop around and get at least 4 or 5 price quotes and then compare them to choose the best and the cheapest for you.
- Clean Driving Record: To get the cheapest car insurance in KY, you must have a clean driving record with no prior accident record. Some of the insurance companies offer discounts if your driving record remains spotless for six months or more. Once you have an accident or a DUI or citation, rates will significantly go up.
- Good Credit Score: Maintaining a reliable and good credit score can help you get insurance policies at lower rates because most insurance companies use your credit information to price the insurance policy for your car.
- Timely Payment of dues: The date on which you pay your dues can significantly impact the rate of your insurance policy. If you always pay your dues within the specified time duration, then you can substantially cut down the cost of your Insurance policy. Therefore you must always pay your insurance dues in time in order to avoid lapses in coverage.
- Take Higher Deductibles: Deductible is the amount that is usually deducted from an insurance check. Comprehensive and collision insurance have various deductible choices. Therefore when you raise your deductible amount, you should save some money.
Why Car Insurance Rates Vary In Kentucky?
The rates of car insurance or the Car Insurance quotes KY vary from one insurance company to the other, the reason being that there are many variables that are taken into consideration that influence the cost of your car insurance.
There are a number of factors that affect your car insurance rates, including your age, gender, credit score, the type of car you drive, and so on. Along with all these factors, the car insurance discounts that you avail of also influence your car insurance cost. Some of these factors, including your age, location, driving history, etc., can have a significant impact on what you pay.
Below mentioned are some of the factors due to which the rates of car insurance vary in Kentucky:
- Your Age: The drivers who are under 24 years of age have to pay higher rates due to inexperience and a higher chance of accidents.
- Your driving record: If the drivers have traffic violations such as DUI or speeding tickets, then, in that case, you will certainly need to pay more than those who have clean driving records. On the other hand, accidents in most cases will also mean that you have to pay higher insurance rates than those who don’t.
- Your Location: Even if you have a clean driving record, but if you live in a locality where there are high rates of accidents, thefts, or prone to severe weather damage, then, in that case, you will need to pay higher insurance rates.
- Your credit score or credit history: Credit scores are often taken into consideration by the insurance company while deciding the insurance rates for you. The drivers with a bad or poor credit history will have to pay more than those who have a good credit score.
Average Car Insurance Cost In Kentucky
The city or the state where you live has a great and enormous impact on the auto insurance rates because each and every state has its own different regulations for auto insurance policies. The average prices of car insurance in the most expensive states are three to four times more than those in the cheapest states.
The average car insurance cost is also affected by how much insurance you have. According to our analysis, the full coverage car insurance is more than double the price of minimum insurance coverage, on average.
Suppose we talk about Average Car Insurance in Kentucky. In that case, the average cost of car insurance is $925, which is almost close to the average car insurance’s median price across all the states. But you may pay more or less amount depending upon the several factors which are listed below in the form of tabular representation:
| Driver | Average Annual Rate |
| Teenage drivers | $2,093 |
| Drivers with a ticket | $2,172 |
| State minimum coverage | $896 |
| High liability limits | $1,845 |
The table can be explained as:
- The average annual rate for teenage drivers in KY is $2,093.
- The average annual rate for drivers with speeding tickets in KY is $2,172.
- The average annual rate for state minimum coverage in KY is $896
- The average annual rate for high liability limits in KY is $1,845.
Car Insurance Discounts In Kentucky
If you want to avail car insurance discounts in Kentucky, then there are several ways by which you can cut down the cost of your Auto Insurance Quotes KY. From your gender and age to where you live to your vehicle, there are many factors that help in determining the rates of Car Insurance Quotes KY. Additionally, various discounts are also available that you can get with your insurance policy.
If you’re a young driver, you can get a discount deal by keeping a B average or better in school, or by completing a driver training course. On the other hand, the drivers over the age of 55 can also avail of the discount by attending a driver training course. Along with all this, drivers of all ages can save money by making sure that their car is equipped with airbags, an anti-theft system, an anti-locking brake system, and automatic seat belts.
Mostly, all the insurance companies offer the following discounts to provide cheap auto insurance KY:
- Good driver discount: A driver can get the discount if he/she is good at driving with no at-fault accident record and no traffic offenses during a particular period of time and have attended the driver training course.
- Good student discount: A student can avail of the discount, who is under the age of 25, and is enrolled in high school or college and has a B or 3.0 average grade or is on the dean’s list in school and by completing the driver training course.
- Multiple policies: As there are many insurance policies with different prices, you can shop around and compare multiple policies and go for the one that offers you the maximum discount with excellent services.
- Low mileage discount: The mileage of the car affects whether you can avail of a discount on the car insurance or not. If the mileage of the car is low, then you can surely get a discount on your insurance policy as per the norms of your insurance company.
- Anti-theft device discount: Your car insurance company may allow you a discount on the premium for installing a security device known as Anti-Theft Device in your car. By doing so, you can minimize and reduce the possibility of a theft claim and can get an insurance discount as well.
- Small Cars discount: The size of the cars also affects the rate of your insurance policy. Buying a large car may sound exciting for you but insuring a large vehicle or top of the line vehicle can be much more expensive than getting a small car insured. Therefore, to get discounts on Car insurance prices, you must buy a small-sized car and not a big one.
You must always investigate what discounts you might be eligible for, as it can save you a lot of money in the long run.
Penalties For Driving Without Car Insurance In KY
The KY Auto Insurance premiums can be tough to fit into your budget. Still, if you are thinking of driving your car without taking the insurance, then you might get at risk because it is illegal to drive without car insurance in Kentucky. And the consequences of driving without insurance can be expensive as it involves the following penalties:
- A Fine: On your first offense of driving without having insurance, you will have to pay a fine between $500 and $1,000. In the case of subsequent offenses, you will be required to pay a fine between $1,000 and $2,500.
- Jail Time: The first time when you will be caught driving without getting insured, you may face jail time of up to 90 days or a combination of jail time and the Payment of a fine. If you commit the same offense in the future, then you can expect jail time of up to 180 days or a combination of a steeper fine and jail time.
- Lose Driving Privileges: Unless you provide authorized proof of insurance in court, your driving registration will be suspended for one year, for the first time when you will be caught driving without having insurance coverage. In case of your second offense, your registration will again get suspended for a year. On your third offense and any after that, your registration will be revoked for a period of 2 years.
- Meeting the Reinstatement Requirements: To reinstate your registration and get back with driving on the road, you will need to pay a fee of $40 (on top of court fees). You will also be required to provide solid proof of a new insurance policy. If your license was suspended for more than one year, then, in that case, you will need to reappear and pass a driving exam.
Car Insurance Benefits Offered To Kentucky Drivers
All the insurances, including the Cheapest Car Insurance in KY, provide specific benefits to the Kentucky drivers to help them stay protected each time they get behind the wheels. Car insurance is not one size that fits all, and this is the reason why insurance companies in Kentucky offer various benefits to the drivers along with car insurance to make them feel more safe and secured.
Below are some of the benefits that the Kentucky drivers will be offered under the Car Insurance policy:
● 12-month Rate Protection: The low premiums will be locked-in for a full year in order to provide 12-month rate protection.
● New Car Replacement: If the total of the car within the first 15 months or within 15000 miles after its buy, the insurance policy will help to replace it with a new car of the same model by paying.
● Accident Forgiveness: In the case of your first accident, the rates will not go up because the driver will be provided with the benefit of first accident forgiveness.
● Disappearing Deductible: By renewing annually, the collision deductible of the driver will go down to $0 every year as long as the driver will maintain an accident-free and clean driving record.
● 24/7 Claim Service: The driver will get the priority claim services at all times during the day because, as per the benefit, the drivers are entitled to get 24/7 claim services.
Kentucky Car Insurance Minimum Requirements
While you are shopping around for the cheapest car insurance in KY, you must know that there are minimum requirements you need to fulfill. Your KY insurance policy must at least include no-fault insurance and liability insurance, which have three coverages – bodily injury, personal injury protection, property damage. If you don’t know what they mean, then let’s have a peek at them-
Bodily Injury or BI: Whenever you cause a crash in KY, your BI covers medical expensed that you’re liable for other parties who are injured because of you. For every collision, BI in total covers up to $50,000 but doesn’t pay more than $25,000 for each individual injured person. In the scenario other drivers sue you, then your insurance company will even bear the expenses for your lawyer under bodily injury. Even though only 25/50 is needed, you should buy higher limits if you would like to have more protection. Greater limits differ by an insurance company in KY.
Property Damage or PD: In any accident that you cause, when you end up damaging any property you don’t possess, PD covers costs up to $25,000/cash in a minimum KY policy. And the most common claim you will require need PF will probably be for the other driver’s car time in the replacement parts. In the scenario that mailboxes or homes are damaged, the cost may come under PD up to your limits. Moreover, anything beyond the limits is your own accountability. Therefore you may like to consider buying higher PD coverage.
Personal Injury Protection or PIP: KY is a no-fault state. It means that each licensed car insurance company is obligated to pay for its policyholder’s medical expenses if you’re ever injured in an accident, irrespective of fault. Your PIP will cover at least up to $100,000/accident of both medical bills as well as related benefits. When you buy PIP in KY, there are numerous decisions you have to make-
- Deductible – You may consider whether or not you like to choose a deductible amount. It is the part of the bill that you need to bear before your PIP enters in for every accident. The greater your deductible, the lower your premium for PIP. You should select an amount that will not put you under great financial stress.
- Accept/Reject Coverage – KY insurance code gives every driver the right to accept or reject her or his basic PIP privilege. If you submit a “KY No-fault Rejection form” with the Office of Insurance, then you can keep out the coverage. This will also lower your car insurance rates in KY. But, keep in mind that if you reject PIP, then it will result in an increase in your BI and PD coverage premiums. It’s smart to compare the overall expenses and advantages if you’re considering this choice to save on costs. Moreover, even if each of your household members rejects PIP, then you’ll still have to carry a Guest/Pedestrian PIP along with a small premium that ensures any non-household member/pedestrian involved in your collision will yet have the no-fault protection.
What Happens If You Do Not Carry The Minimum Amount Of Car Insurance Coverage In Kentucky?
Under KY state law, you have to carry evidence that you own the minimum amount of insurance in your car at all times. When a law enforcement agency requests to see your insurance evidence, you need to show it to her or him. The first time an agent catches you driving with no insurance, you can get a penalty of $500 or even more and court fees ($150 – $200). Additionally, KY authorities can call off your vehicle’s registration. You could even get a jail sentence, which is up to 90 days, and a $40 reinstatement fee, along with providing insurance proof.
If a law enforcement agent catches you driving with no insurance for a 2nd or subsequent offense, you might need to pay a fine ($1,000 – $2,500). You could also get a jail sentence of up to 180 days or a mix of fine and jail time. Moreover, you could get a registration suspension for one year for a 2nd offense and two years for 3rd or subsequent offenses. Additionally, the state will demand you to pay a $40 reinstatement fee, court fees, insurance proof, and possibly request you to retake your driving exams.
Does Car Insurance Companies In Kentucky Offer A Good-Driver Discount?
Insurance companies provide a range of discounts and deals to customers. Some of them can lead to significant price breaks on your premium. When it comes to the most common discount, it is a good-drive discount that’s usually provided to motorists without moving violations or at-fault accidents for many years.
There are other discounts you can come across while shopping for cheap auto insurance KY-
- Driver Education Course
- Multi-Car
- Alternative Fuel / Hybrid Car Discount
- Anti-Lock Brake Discount
- Continuous Car Insurance Discount
- Good Student Discount
- Anti-Theft Discount
- Accident-Free Discount
- Multi-line Policy Discount (Home and Auto on the Same Policy)
- New Car Discount
- Electronic Stability Control Discount
- Organization or Club Membership Discount
- Passive Restraint
- Vehicle Safety
- Home Ownership
Make sure to inquire about the discounts from insurance companies to get cheap auto insurance KY.
What Are The Consequences Of Being Convicted Of A DUI?
For a 1st offense DUI in KY, you may get a fine of up $500, a jail sentence of 2 to 30 days, 90 days of drug or alcohol abuse treatment, and license suspension for 30 to 120 days. Along with that, you even get up to 30 days of community service.
The penalties will increase with every offense within ten years, with a fourth offense considered a Class D Felony is carrying a minimum of 120 days in jail, without a license for 60 months, and one year of substance abuse treatment.
Liability vs. Full Coverage Car Insurance In Kentucky
It’s essential to know about liability Vs. Full coverage KY auto insurance.
Typically, liability is cheaper, and it covers the damage cost you cause to other parties or vehicles. On the other hand, full coverage entails collision and comprehensive insurance, probably PIP and UM or UMPD, that would cover you, your car, and passengers if you end up in an accident, irrespective of the fault.
In KY, the average rate for liability coverage is almost $68 per month in comparison to full coverage that will cost about $160 per month.
Getting Affordable Premiums On Kentucky Auto Insurance
In order to avail cheaper auto insurance quotes KY, you might need to compare rates from numerous different insurance companies in KY. But, there are certain things you can do in order to obtain lower rates, and those things include:
- Ask about discounts to take a Motor Vehicle Accident Prevention Course
- Keep a decent credit score
- Make an emergency fund, and that should be up to $1,500.
- Raise your deductible.
- Inquire about loyalty discounts.
- Drop comprehensive & collision coverage for older cars and ones already paid off.
- Inquire about pay-as-you-drive discounts if you don’t drive quite often.
These are certain things you can do at your end to get lower rates. However, one of the most imperative things you can do to get cheaper car insurance quotes KY is to maintain a decent driving record. And discounts for a decent driving record differ from one insurance company to another. However, most provide a small discount if you haven’t had an at-fault traffic collision or accident in the past three years.
Is Kentucky A No-Fault State?
Yes, Kentucky is known as a no-fault state due to a law stating that every driver needs to file a claim with their auto insurance company first to obtain compensation for their medical bills and other financial losses caused by the crash in accordance with their own insurance policy.
No-fault insurance statutes have both pros and cons. They guard drivers against civil liability. In other words, this defends individuals against being sued for causing a crash if they don’t fulfill certain thresholds. Moreover, no-fault laws can speed up claims procedure, and it means that you obtain compensation quicker.
How Much Does It Cost To Add A Teen To Your Policy In Kentucky?
Before adding a teen to your KY auto insurance policy, you must know how much it actually costs. Irrespective of where you’re living, introducing a new driver to your family insurance policy will boost your rate considerably. In KY, you must expect that your rate to rise by an average of 142% when introducing a driver age 16 to your policy in accordable with studies.
If you’re wondering about the procedure to add your teen driver to your insurance policy, then follow the below steps-
- Talk to your existing insurance firm about when you must add your teen driver – whether at the permit phase or when a license is received.
- Receive auto insurance quotes KY for adding your teen driver to your existing policy with greater liabilities.
- Look around and receive auto insurance quotes KY from other companies.
- Add your teen driver to your current insurance policy or a new insurance company with better rates at the apt time. Don’t forget to inquire about discounts.
- In order to keep your kid safe and rates low, track your kid as a driver and ask her or him to keep a good driving record.
- Shop at every renewal to ensure that your insurance rates are the cheapest possible. Also, inspect if new discounts are accessible to get cheap auto insurance KY.
GEICO General had the cheapest car insurance in KY for adding a driver age 16 to a family policy that’s full coverage.
How An Anti-Theft Device Discount Works In Car Insurance?
While an auto insurance policy guards you against unforeseen situations, the insurance companies also appreciate your accountable actions towards your car. Anti-theft device installation is one such activity that lets the insurance companies presume that the possibility of the vehicle being stolen dampens after such devices are installed. This reduction, as a result, lowers the odds of claims. And the lower the clams, the more it is great for the insurance companies.
Thus, to persuade more individuals to secure their vehicles with anti-theft devices, insurance providers provide a certain advantage of a discount on premiums.
Let’s have a look at the provisions associated with the discount.
A comprehensive auto insurance premium entails a premium for the below components-
- 3rd-party cover
- Own damage cover
- Personal accident cover
Covers against road accidents, theft, natural calamities, and others come under Own damage. Thus, the discount provided on account of anti-theft device installation is provided on the “Own Damage” part of the insurance premium and not on the whole amount of the insurance premium. The discount value is up to 2.5 percent on the own-damage premium.
12 Most Common Car Insurance Myths And Facts
We all know that false info can lead you to make the wrong decisions. Have a peek at the 12 most common car insurance myths and facts so that you make a wise decision while shopping for KY auto insurance.
1: Red Cars More Costly to Insure
The color of your vehicle has no role when it comes to the insurance rate. Other factors affect car insurance quotes KY, but the notion that red cars are costly to insure is entirely false. Thus, go ahead and get the red sedan you’ve always wanted.
2: You Only Have to Purchase the State Minimum Insurance
Most stated demand liability insurance at a minimum. Though you’re only legally bound to purchasing the state minimum, it’s challenging to conclude that the minimum is all you require. At a minimum, you won’t get in any hassle with the authorities as you’re technically insured. But, state minimums prove to be inadequate in the case of a car accident. For instance, if the limits are very low, you end up in property damage or bodily damage; the accident may result in very expensive. The greater the limits you choose, the less you’re going to expose yourself to the possibility of paying for an accident out-of-pocket.
3: Men Pay More Than Females for Auto Insurance
This is also a false claim to an extent. Men under 25 tend to pay quite much more than women of the same age. But, once a driver reaches the ripe old age of 25, gender is generally no longer an aspect.
4: Safety Features Save You Buck On Car Insurance
Sometimes, paying less is amazing, but you have to look at the broad picture in order to notice how much you’re actually going to paying. Some auto insurers do provide discounts and deals on safety features. However, the reason is that these safety features are expensive to address if you’re involved in an accident, you’ll likely be paying more in collision coverage.
5: You’re Covered with a Rental Car if You End Up In an Accident
The myth is that auto insurance companies aid you if you’re involved in an accident, particularly if it was not your fault. However, that’s not always the scenario. Firstly, you’re generally always accountable for renting a vehicle if the mishap is your fault. If you’re not at fault, then your claims adjuster will let you about your coverage terms and limits on the basis of the other driver’s policy coverage. The best thing is that you should have rental coverage on your policy in the scenario it is your mistake or if you have an accident with an uninsured motorist.
6: If Your Car Is Stolen, You’ll Be Covered
Not essentially. That’s only true if you have bought comprehensive coverage, which is optional coverage. If you have it, then comprehensive coverage will pay for damages caused by stuff like vandalism, theft, or fire.
7: If a Friend Drives Your Car and Causes an Accident, It Won’t Come Up On Your Insurance
It’s false. Insurance coverage is linked to the car and not the person who’s driving it. Thus, it’s always best to keep in mind that if you lend your vehicle to a friend, you’re even lending them your insurance.
8: No-Fault Insurance Signifies “It’s Not Your Fault.”
Well, it’s false. That’s always a mistake assigned in an accident. Whether it’s all assigned to one individual or it’s shared will rely on the collision. No-fault insurance means that your insurance agency pays for your damages. If you’re in any way accountable for the accident, the odds are you’ll witness a boost in your auto insurance rates. On the other side, if you’re 100% not at-fault for the collision, your rates won’t probably increase.
9: If You Tickets & Accidents, You’ll Always Pay a Lot for Auto Insurance
It’s not wholly true. While you might pay more for insurance than one with no accidents or tickets, if you look and shop around, you may be surprised to find an insurance firm that’s more forgiving of an occasional ticket or accident.
10: Your Car Insurance Will Cover the Belongings Stolen Out of Your Car
Even if you’ve comprehensive insurance, your belongings will not be covered if they’re stolen. Your vehicle will be covered. However, your belongings won’t unless you own homeowners’ insurance, renters insurance, or condo insurance.
11: All Auto Insurance Companies Will Charge the Same Rate
It’s not true. The rates charged by several different car insurance firms to insure the same vehicle and driver for the same policy can differ by hundreds or even thousands of bucks.
12: New Cars Are More Appealing to Car Thieves
It’s not true. Indeed, studies show that most stolen cars are older ones, opposing the myth’s view.
Last Few Words:
That’s all. Here, we’ve covered all you need to know about auto insurance in KY. Getting the cheapest car insurance in KY is highly possible if you should around and get car insurance quotes KY from several different insurance companies. On top of all, take time to compare the rates!!
