When shopping for a car insurance policy in Kentucky, it’s important to understand the factors that affect rates. Fortunately, there’s a tool you can use to get a free quote and estimate your premiums. It’s a car insurance calculator from MoneyGeek.
Insurance companies in Kentucky base their rates on several different factors, including age, gender, and driving history. In some cases, insurers will even use a model of your vehicle to calculate rates. There are also certain coverages available in Kentucky that can help you save. For example, some carriers offer discounts for a safe driver training course, which can help you reduce your quotes.
Another thing that can affect Kentucky auto insurance rates is the driver’s credit score. Drivers with poor credit have a higher risk of filing claims, which can increase their rates. However, drivers with good credit can often still find affordable insurance rates in Kentucky.
While driving record and credit score are the most influential factors in determining car insurance rates in Kentucky, there are many other factors that play a role. Some insurance companies look at the length of driving, the crime rate, and other demographic data, such as a driver’s age, marital status, and zip code.
Drivers in Kentucky who are under the age of 25 are typically subject to more expensive insurance rates, as they’re less experienced and inexperienced. Additionally, drivers who are married will enjoy a 5% discount on their rates. The best way to save on Kentucky insurance is to shop around.
Choosing the right amount of insurance coverage is important, as drivers can be responsible for paying for injuries or damages if their coverage is not sufficient. There are two main types of liability coverage available in Kentucky. One is bodily injury liability, which covers injuries and property damage caused by another driver. This is required by law in the state. A policy with a combined single limit of $60,000 meets the minimum requirement. Other coverage options include personal injury protection, which pays for medical expenses and lost income if you’re injured in an accident.
Drivers in Kentucky can also choose optional coverages such as uninsured motorist coverage and rental reimbursement. These types of coverage can cover the cost of renting a car if you’re involved in a crash, or if you have to leave your vehicle in a garage while yours is being repaired.
Drivers in Kentucky can also opt to have their car insured through a state-run plan. The Kentucky Automobile Insurance Plan is a program created by the state to give drivers who have been denied an auto insurance policy a chance to receive one. They can also attend a defensive driving class and obtain a GPA of at least 3.5.
If you’re a driver in Kentucky with a poor credit score, it’s in your best interest to look into other options. You may be able to find an auto insurance policy that’s a lot cheaper if you shop around. Several insurers will even offer a mobile app, so you can verify your coverage on the go.