Insurance Articles

The law requires that vehicles registered within the state have a minimum of liability coverage active at all times. According to Kentucky auto insurance, the minimal limits which must be maintained are as follows. $25,000 for the coverage of bodily injury to others on a per person basis. $50,000 to cover others if more than one person is injured as a result of an accident. $10,000 for property damage in the case that the policy holder is held liable for damaging another parties property as a result of an automobile accident. Keep in mind that these are mandatory and must be in effect at all times.

There is also $10,000 Personal Injury Protection (PIP). This provides the policyholder with coverage up to the limits of the policy for medical expenses, loss of wages, and other related injuries that may be sustained as a result of a collision regardless of who is at fault and if there was negligence involved. This type of policy may legally be rejected by signing and filing a form with the Kentucky Department of Insurance. Although this is possible, one should do the proper research of the pros and cons of this decision before doing so.

Cheapest Car Insurance for KY Students

Although there is no such thing as the cheapest company for everyone, there are auto insurance tips for Kentucky college students which are very effective when applied. One tip is to compare as many rates in the industry as possible. By shopping through many different companies and taking advantage of discounts that some may offer and some may not, this can cut down a premium. Good drivers and good students may be eligible to receive a discount with many companies and should use this to their benefit. Even having a clean credit history can prove to cut down premiums with certain providers. Make sure to inquire when making comparisons.

Another way to save is if the consumer is in need of having “full coverage” or would just simply like to, they can change the amount of their deductibles to see what kind of effect it will have on their premiums. Switching from a $500 to a $1000 deductible could save money. This is at the total discretion of the purchaser and they should see if it would benefit them. Also, one can utilize the internet in order to obtain the most affordable quotes available. There are many websites that will provide a free service that will help consumers receive multiple quotations in a matter minutes by completing a simple form online. Regardless of the method a student chooses, the bottom line is to compare as much as possible before purchasing a policy.