Kentucky Auto Insurance

Auto insurance in Kentucky

Having auto insurance is imposed by the law in all states, serving the purpose of helping you stay protected, should an accident occur. Whether you are using your vehicle for professional or personal purposes, a valid insurance policy is mandatory. If the vehicle is operated without such a policy, drivers can expect fines of up to $1,000 or the suspension of their driving documents for up to six months. This can refer to either the driver's license or vehicle registration. If you are interested in discovering more information on the topic of auto insurance in the state of Kentucky, all you have to do is keep on reading.

What type of car insurance do you legally need in Kentucky?

According to a law called the Mandatory Liability Insurance Act, all Kentucky residents who intend to operate a moving vehicle are obliged to have liability insurance. If they do not have a valid policy, the respective driving documents might be suspended for several months. With the help of an online insurance verification system, local authorities can verify whether a vehicle is insured or not in an instant.

For a resident to operate a vehicle in the state of Kentucky, the respective car insurance must meet various requirements. These include: bodily injury liability ($50,000 per accident and $25,000 per person), property damage liability ($10,000 per accident), uninsured motorist bodily injury ($50,000 per accident and $25,000 per person), and personal injury protection ($10,000 per accident). Full coverage insurance has more advantages to offer than the minimum liability coverage, especially when it comes to optional coverages, such as comprehensive and collision insurance. Specialists advise drivers to select a higher coverage limit than the one required by law in Kentucky. This offers the best possible protection in case of accidents.

The above-mentioned sums refer to the amount insurance providers can pay, should the driver be involved in accident for which he/she is at fault. Current laws impose that all drivers carry a copy of their insurance policy while driving. Of course, driving without insurance is illegal in Kentucky, with consequences such as legal fines and the suspension of one's driving documents (driver's license, vehicle registration). Should one continue to operate a vehicle without a valid insurance policy, jail time might be enforced.

Average cost of auto insurance in Kentucky

How much does car insurance cost in KY? The state minimum auto insurance policy in Kentucky has a value of $662. However, a full coverage insurance policy has an average value of $1,879. in most cases, collision and comprehensive insurance are not included in this policy, which means you will have to calculate your budget accordingly. Among the factors that influence the overall insurance rates, there are: gender, age, marital status, location, driving record, presence of prior insurance, type of vehicle, and number of miles driven. It is always for the best to choose an insurance policy that offers a wide coverage rather than one that is very cheap.

As you might be aware, the average cost of auto insurance varies from one state to the other. This is true for both the minimum coverage and the full version, especially if you include additional coverage, such as comprehensive and collision insurance. Among the factors that are decisive for these values, you might find the following: road conditions, weather-related accidents, number of uninsured drivers in the respective location, at-fault accidents, and the number of drivers versus the general population.

Kentucky has a significantly higher rate for the average car insurance in comparison to the national median, which is around $1,770. The states with the most expensive auto insurance include: California, Colorado, Florida, Louisiana, Michigan, Nevada, New York, and Pennsylvania. As for the more affordable states, these are: Maine, Nebraska, New Mexico, North Dakota, Oregon, Tennessee, Washington, and Wisconsin. New York it is one of the most expensive states, with $2,996 for the full coverage and $1,339 for the minimum one. Maine is one of the most affordable states, with $876 for the full coverage and $227 for the minimum one.

Within the state of Kentucky, you will also find differences between its various cities. Owensboro has among the most affordable auto insurance policies, while Louisville offers the highest rates in this state. The average annual premiums in the major cities are as follows: Owensboro - $1,911; Covington - $1,980; Bowling Green - $1,997; Lexington - $2,031; Louisville - $2,775.

One of the factors that influence the value of auto insurance is the driver's age. Young drivers typically pay more for auto insurance, as insurance companies perceive them as immature and not as responsible as adults. For instance, a 16-year-old driver can you expect an annual premium of over $7,700, while a 50-year-old driver will be prepared for an annual premium of around $2000. You can also expect slight differences between genders, with men benefiting from more affordable rates than women. Married couples will also benefit from affordable coverages, especially in comparison with those who are single, widowed, or divorced.

In calculating the value of an auto insurance policy, insurance companies will also analyze the driver's credit history. A driver with an exceptional credit will save significant sums on his/her auto insurance premium, while someone with a poor credit history will have to cover higher rates. A prior driving offense, such as DUI/DWI, reckless driving, at-fault accident, or speeding, will increase the value of one's auto insurance. The type of coverage will also influence this value. Drivers are encouraged to add both comprehensive and collision to the state minimum policy, in order to increase the level of protection offered.

Did not find your city or county on the list? Please use our auto insurance companies search box at the top to locate all the best auto insurance quotes in Kentucky. Find car insurance in Kentucky by city, zip code or county name.

Finding the right auto insurance in Kentucky

If you are having a hard time finding the right auto insurance policy, perhaps you might consider our help. Thanks to our experience accumulated in the field of auto insurance, we are able to match vehicle owners with the best policies for their needs. of course, in suggesting a particular policy, we will always consider your available budget. All you have to do please give us a call and we will be more than happy to provide the needed assistance. Keep in mind that this service is completely free, and it can save you from a complicated research process.