{"id":1187,"date":"2019-06-08T15:47:44","date_gmt":"2019-06-08T21:47:44","guid":{"rendered":"https:\/\/www.insuringky.com\/blog\/?p=1187"},"modified":"2019-06-10T10:41:07","modified_gmt":"2019-06-10T16:41:07","slug":"kentucky-personal-auto-insurance-insights","status":"publish","type":"post","link":"https:\/\/www.insuringky.com\/blog\/kentucky-personal-auto-insurance-insights\/","title":{"rendered":"Kentucky Personal Auto Insurance Insights"},"content":{"rendered":"\n
\"What<\/figure>\n\n\n\n

What’s your biggest risk<\/h4>\n\n\n\n

I remember when auto insurance came in two flavors, state-mandated liability insurance or full coverage car insurance.  Of which the latter, I am told, no longer exist.<\/p>\n\n\n\n

\"Teen
25% of accidents due to texting and driving<\/figcaption><\/figure><\/div>\n\n\n\n

Changes in the law, insurance options, and technology have\nsignificantly altered how we buy car insurance. \nBut the combined impact of these factors pales in comparison to the litigious\nstate of America.  <\/p>\n\n\n\n

It seems every time you turn around, another legal exposure pops\nup.  In the US, cars are the leading\ncause of injuries.  With that said, it is\neasy to comprehend that for individuals in Kentucky, the vast majority of our\nexposure comes from our cars.    <\/p>\n\n\n\n

Kentucky car liability insurance seems to be more critical than ever before.   And it\u2019s not going away anytime soon.  In the meantime, there are only a few things we can do to reduce our risk.  The biggest impact will come by having a better understanding of insurance and how consumers can best acquire car insurance in Kentucky<\/p>\n\n\n\n

Kentucky Auto\nInsurance Law<\/strong><\/h4>\n\n\n\n
\"\"
Most Car Accidents: It’s the other dude’s fault<\/figcaption><\/figure><\/div>\n\n\n\n

While the requirements vary from one state to the next, every state requires car owners to have auto liability coverage.    A handful of states, including Kentucky are No-Fault states.  As a No-Fault auto insurance<\/a> state, auto owners in Kentucky must approach risk management differently than many of their neighbors.  To start, Kentuckians must deal with Personal Injury Protection or PIP.  Click here for more information on Kentucky\u2019s No-Fault Insurance Program.<\/a><\/p>\n\n\n\n

Kentucky Minimum Auto Liability Insurance Limits (Required Coverage)<\/h4>\n\n\n\n

Like other states, Kentucky has mandatory minimum auto liability limits, with minimum limits for Bodily Injury and Property Damage.\u00a0 In 2018 Kentucky raised the requirement for auto liability insurance.\u00a0 Additional information can be found at: <\/p>\n\n\n\n

kentucky-car-insurance-state-auto-insurance-requirements\/<\/a><\/p>\n\n\n\n

Kentucky Base Car Insurance Coverage<\/h4>\n\n\n\n

Base auto insurance <\/strong>is composed of the mandatory liability coverages above and the following three optional coverages. \n\n<\/p>\n\n\n\n

\u2022    Collision: <\/strong>           The result of a vehicle colliding with a car or other object<\/p>\n\n\n\n

\u2022    Comprehensive:<\/strong>        Other than collision<\/p>\n\n\n\n

\u2022    Uninsured motorist and underinsured motorist<\/strong>: pay for your injuries when the at-fault driver has no insurance or has insufficient insurance limits.<\/p>\n\n\n\n

For additional information related to Kentucky required and base auto coverage.<\/strong><\/a><\/p>\n\n\n\n

Optional Kentucky Car Insurance Coverage<\/h4>\n\n\n\n

<\/p>\n\n\n\n

Some of the coverages below may be beneficial to you.  Others may eliminate significant gaps in your\ncurrent insurance policy.  This list\nintends to generate discussions.  These\ncoverages vary among insurance companies. \nMake sure to understand the coverages and limits<\/p>\n\n\n\n

\u2022    Road Side\nAssistance<\/p>\n\n\n\n

\u2022    Rental Car<\/p>\n\n\n\n

\u2022    Rental Car Gap\nCoverage:        <\/p>\n\n\n\n

\u2022    Additional\nExpense<\/p>\n\n\n\n

\u2022    Loan Gap\/ Lease\nGap<\/p>\n\n\n\n

\u2022    New Car\nReplacement<\/p>\n\n\n\n

\u2022    Reduction in\nValue<\/p>\n\n\n\n

\u2022    Identity Theft<\/p>\n\n\n\n

\u2022    Re-Keying<\/p>\n\n\n\n

\u2022    Cell Phone\nCoverage:            <\/p>\n\n\n\n

\u2022    Non-Owned\nTrailers<\/p>\n\n\n\n

\u2022    Trip Interruption\nCoverage<\/p>\n\n\n\n

\u2022     \u2026and more<\/p>\n\n\n\n

TruePoint Auto Insurance Insights<\/strong><\/h4>\n\n\n\n

Your insurance company, Mother Nature, and you; each have an\nimpact on your insurance premium.   But\nbefore you can have an impact on your car insurance premium, it\u2019s vital that\nyou understand the factors you need to address. <\/p>\n\n\n\n

Stop leaving money on the table<\/strong><\/p>\n\n\n\n

Insurance companies are perpetually reconsidering the nature\nof every risk that they insure.  \nAccounts flagged as high risk will experience more rapid premium\nincreases and in some cases, may be non-renewed.  <\/p>\n\n\n\n

Clients deemed conservative or lower risk experience the\nopposite as insurance companies make every effort to retain that business.  If you seriously want to stop leaving money\non the table, then this is important to you. \nThe first step is to understand the characteristics of a low-risk\naccount, then mimic them.  <\/p>\n\n\n\n

Factors that influence auto insurance premiums<\/p>\n\n\n\n

Life Happens, and when it does it can Impact Auto Premiums <\/p>\n\n\n\n

\u2022    Age:        Younger and older drivers pay more for\ncar insurance<\/p>\n\n\n\n

\u2022    Household:     More drivers in the home can lower rates<\/p>\n\n\n\n

\u2022    Location:    State, city, zip.  Each impact premiums<\/p>\n\n\n\n

\u2022    Education:    Education is a factor in some states (Prohibited Practice in Kentucky)<\/p>\n\n\n\n

\u2022    Financial:   \nInsurance Score, which includes Credit Score, is a significant component<\/p>\n\n\n\n

\u2022    Vehicle:        The type of vehicle, sports cars may lead to a higher premium, vehicles with a high GVW will!<\/p>\n\n\n\n

\u2022    Tickets:        DUI\u2019s & Reckless Driving create\nsubstantial problems, but minor violations add up<\/p>\n\n\n\n

\u2022    Accidents    Impact varies due to cause, severity, past\ndriving record, and other factors  <\/p>\n\n\n\n

#Your Actions Matter    Protect everyone in your home, and save money on your auto insurance<\/p>\n\n\n\n

\u2022    For insurance\ncompanies, Conservative is King!  Avoid\nanything that appears radical or aggressive. \nThink Mr. Rogers.  Gen X, think\nBarney.<\/p>\n\n\n\n

\u2022    Check tire\npressure, tread and sidewalls regularly<\/p>\n\n\n\n

\u2022    Confirm that\nheadlights work on both dim and bright<\/p>\n\n\n\n

\u2022    Regularly check taillights,\nbrake lights and turn signals<\/p>\n\n\n\n

\u2022    Encourage drivers\neducation and safety for all household members<\/p>\n\n\n\n

\u2022    Zero Tolerance\nfor Distracted Driving<\/p>\n\n\n\n

Stop leaving money on the table    Take advantage of discounts offered by Insurance Companies<\/strong><\/p>\n\n\n\n

\u2022    There are several ways to reduce the cost of\nauto insurance.  Program availability and\nsavings vary based on Insurer. <\/p>\n\n\n\n

\u2022    Some of the most\nsignificant discounts are available to those that can qualify for any of the\nfollowing: Safe Driver, Multi-Policy, Continuous Insurance, and Good Payer\ndiscounts<\/p>\n\n\n\n

\u2022    Don\u2019t worry if\nyou didn\u2019t qualify for any of the previous programs. There are still a lot of\nways to save.  Savings associated with\nthis group range from the high single digits to low double digits.    Early Quote, Multi-Car, Driver Training,\nGood Student, and Paid in Full Discounts<\/p>\n\n\n\n

\u2022    New Car, Home\nOwnership, Student at School, and Hybrid Vehicle Discounts:<\/p>\n\n\n\n

These are a few of the more commonly offered discounts<\/p>\n","protected":false},"excerpt":{"rendered":"

What’s your biggest risk I remember when auto insurance came in two flavors, state-mandated liability insurance or full coverage car insurance.  Of which the latter, I am told, no longer exist. Changes in the law, insurance options, and technology have significantly altered how we buy car insurance.  But the combined impact of these factors pales […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1333,1332,1331,574,1314,1318,1323,1324,1316,1321,1325,1326,1313,590,1322,1315,1083,1328,1327,502,1330,1329,1317,1319,1320],"class_list":["post-1187","post","type-post","status-publish","format-standard","hentry","category-auto-insurance","tag-am-i-paying-too-much-for-auto-insurance","tag-am-i-paying-too-much-for-car-insurance","tag-am-i-paying-too-much-for-insurance","tag-auto-liability-insurance","tag-car-liability-insurance","tag-cause-of-most-accidents","tag-is-car-insurance-required","tag-is-car-insurance-required-in-kentucky","tag-kentucky-auto-insruance","tag-kentucky-auto-insurance-law","tag-kentucky-auto-insurance-requiremens","tag-kentucky-auto-insurance-requirements","tag-kentucky-auto-liability-insuranc","tag-kentucky-car-insurance","tag-kentucky-car-insurance-requirements","tag-kentucky-car-liability-insurance","tag-kentucky-no-fault","tag-lower-your-car-insurance-premium","tag-lower-your-insurance-premium","tag-no-fault-insurance","tag-save-money-on-auto-insurance","tag-save-money-on-car-insurance","tag-teen-drivers","tag-what-causes-most-wrecks","tag-what-causes-most-wrecks-in-ky"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/1187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/comments?post=1187"}],"version-history":[{"count":16,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/1187\/revisions"}],"predecessor-version":[{"id":1220,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/1187\/revisions\/1220"}],"wp:attachment":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/media?parent=1187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/categories?post=1187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/tags?post=1187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}