Saturday, December 20, 2014

Kentucky Car Insurance




Kentucky Car Insurance: Easy Guide for

Drivers in KY

Like all other states, Kentucky also has minimum car insurance
requirements. If you are a licensed driver in the state of Kentucky,
your insurance plan must meet the minimum insurance requirements set by
the state insurance department. These include bodily injury and property
damage coverage.
The state offers drivers the option to choose between a “split limit” and “single limit” coverage.
In the split limit coverage, the minimum limit for bodily injury
liability is laid down as $25,000 per injured person per accident and
$50,000 for all injured people in an accident. The minimum limit for
property damage liability is $10,000. This basic insurance plan is
referred to as 25/50/10 coverage.
The Personal Injury Protection Coverage has a minimum limit of $10,000.
 
The single limit coverage includes an amount of $60,000 for all damages incurred in an accident.
Kentucky has implemented a choice of “no fault” policy. This means that
it is up you to choose or reject your right to sue the person
responsible for the accident. When you agree to let your insurance
company pay for all the damages in an accident, you have to give up your
right to sue the other driver. However, you can be compensated for
medical and funeral expenses regardless of whose fault the accident is.
This policy helps in lowering the rates of insurance premiums.
 
The state of Kentucky has not made it mandatory for its drivers to
purchase uninsured and underinsured coverage. The choice of purchasing
these coverage options is left to the drivers. The minimum limits for
uninsured coverage is the same as normal. However, there is no minimum
limit for an underinsured coverage.
You also need written proof of your coverage while going out for a drive
in the state of Kentucky. It is advisable to adhere to the laws of the
state because violations of the laws attract strict penalties.
The average car insurance premium rate in the state of Kentucky is $1,937 for 2009 which is 17% higher than 2008.
Kentucky car insurance is not cheap. Before you settle down for a
particular car insurance company, you need to get free quotes using our
form below. Compare the insurance premium rates offered by different
companies. Choose the company that offers the most competitive rates
while adhering to the requirements of state law.
For more information regarding Kentucky insurance policies residents can
contact the Kentucky Office of Insurance in Frankfort, KY at (800)
595-6053 or visiting their website at http://insurance.ky.gov .
The financial responsibility laws can be easily satisfied if you
purchase your car insurance from a Kentucky Licensed Insurance Carrier.

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