Car insurance is mandatory in Kentucky, and its cost depends on several factors that you control – from your choice of coverage and level to having a clean driving history and location. Our Kentucky Car Insurance Calculator will give you an idea of how much coverage may cost using some simple questions about your vehicle and driver, followed by providing an estimated quote from various providers – this won’t give an exact figure but should give a good sense of what prices may vary between providers.
State minimum liability limits in Missouri are $774 per person for bodily injury and $50,000 in property damage – only a fraction of what an at-fault accident costs overall. While drivers often opt to add collision and comprehensive coverage depending on car value and risk tolerance (for instance if your car is less than one year old but still holds significant value), whether or not to purchase additional coverage may come down to personal choice or mandate. When leasing or financing a vehicle comprehensive and collision coverage may also be mandatory requirements.
Age, gender and driving history all play an impactful part in determining car insurance costs; MoneyGeek has an online tool which will let you estimate how much your rates should be depending on these and other variables – this information can help you select coverage options best suited to your circumstances and budget.
Car insurance prices differ considerably depending on both your state of residence and company of origin, with Kentucky having some of the most costly premiums while Massachusetts offers lower premiums. There are ways you can reduce your auto insurance rates though; making an effort is well worth your while!
Factors that might influence your rates include adding a teenage driver, your credit score and age. Young drivers tend to pay higher premiums than older drivers while having an excellent credit score is essential in getting reasonable insurance premiums; having low scores could even cause your rates to increase up to 2.5x!
Choose a reliable insurance company is also essential, as this can make the claims process less stressful and save money over time. In addition to offering competitive rates, they should provide outstanding customer service in case of an accident.
Farm Bureau, USAA and State Farm are three top rated insurance providers in Kentucky that boast exceptional customer service and quality coverage. Each offers special incentives to keep rates low – such as bundling your home and auto policies together for savings.