{"id":644,"date":"2018-09-07T12:20:55","date_gmt":"2018-09-07T18:20:55","guid":{"rendered":"https:\/\/www.insuringky.com\/blog\/?p=644"},"modified":"2018-09-20T11:54:11","modified_gmt":"2018-09-20T17:54:11","slug":"before-your-next-car-insurance-quote-enhance-your-understanding-of-kentucky-auto-insurance","status":"publish","type":"post","link":"https:\/\/www.insuringky.com\/blog\/before-your-next-car-insurance-quote-enhance-your-understanding-of-kentucky-auto-insurance\/","title":{"rendered":"Knowledge is King. Be prepared to save money on your next car insurance quote."},"content":{"rendered":"

\"Be<\/a><\/p>\n

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When reviewing car insurance quotes<\/strong>, it is critical to consider more than price. Sure price is important. It\u2019s <\/span>extremely<\/span><\/span> important! But it\u2019s also important to get what you pay for and have protection tailored for your circumstances. <\/span><\/div>\n<\/div>\n
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Where to Start<\/strong><\/div>\n<\/div>\n
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You should start by considering the major components of an auto insurance policy. <\/span><\/div>\n<\/div>\n
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Kentucky Auto Insurance<\/strong><\/div>\n
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I. Automobile Liability Insurance\u00a0 \u00a0\u00a0\"is<\/a><\/span><\/strong><\/div>\n
Liability insurance reimburses others when your vehicle <\/span>is involved<\/span><\/span> in an At-Fault. Coverage <\/span>is assigned<\/span><\/span> to the specified vehicle. This means your insurance will pay when you or any authorized driver are behind the wheel. Auto Liability insurance covers injuries and property damage.<\/span><\/div>\n<\/div>\n
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a. Bodily<\/span> Injury injuries to other individuals<\/span><\/div>\n<\/div>\n
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i. per person $25,000 (KY Minimum<\/span> Limit)<\/span><\/div>\n<\/div>\n
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ii. each occurrence $50,000 (KY Minimum<\/span> Limit)<\/span><\/div>\n<\/div>\n
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Before accepting the state <\/span>minimum<\/span><\/span> you should ask yourself: <\/span><\/div>\n<\/div>\n
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\u00b7 How long will $25,000 last in the Emergency Room?<\/span><\/div>\n<\/div>\n
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\u00b7 How far will $50,000 go if you hit a van or bus and injure several people?<\/span><\/div>\n<\/div>\n
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b. Property Damage reimburses others for damages to vehicles or other property. <\/span><\/div>\n<\/div>\n
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\"how<\/a>i. each occurrence $25,000 (KY Minimum<\/span> Limit)<\/span><\/div>\n<\/div>\n
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Again, ask yourself:<\/span><\/div>\n<\/div>\n
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\u00b7 How many cars did you pass on your way to work today worth more than $25,000?<\/span><\/div>\n<\/div>\n
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\u00b7 What will happen if you rear-end someone that leads to chain reaction? What are the chances of $25,000 covering you if your actions total two or three cars? Five cars? Ten?<\/span><\/div>\n<\/div>\n
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Higher limits are available.<\/span> Limits may <\/span>be increased<\/span><\/span> to as high as $250,000\/ $500,000 for <\/span>bodily<\/span><\/span> injury and $100,000 for property damage.<\/span><\/div>\n<\/div>\n
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If you <\/span>require<\/span><\/span> higher limits: <\/span><\/div>\n<\/div>\n
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A<\/span> personal umbrella policy is a very cost-effective way to transfer excess risk. <\/span><\/div>\n<\/div>\n
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II. Personal Injury Protection<\/span><\/strong><\/span><\/div>\n
or PIP is a product of the No-Fault System. It covers injuries and other related costs for the driver of your vehicle and passengers.<\/span><\/div>\n<\/div>\n
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i. each occurrence $10,000 (KY Minimum<\/span> Limit)<\/span><\/div>\n<\/div>\n
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Higher limits are available<\/span><\/div>\n<\/div>\n
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III. Physical Damage<\/span> <\/strong>` <\/span><\/div>\n
Property Damage coverage for your<\/strong> car<\/span><\/div>\n<\/div>\n
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a. Collision<\/span> <\/span><\/div>\n
covers your car in the event of a collision with another car or object regardless of who is at fault. If you are at fault, collision coverage reimburses for the cost of restoration. <\/span>However<\/span><\/span>, the coverage comes with a risk-sharing mechanism known as a deductible. In an At-Fault accident, your settlement will <\/span>be reduced by<\/span><\/span> the amount of your deductible. If you are not at fault you will <\/span>be reimbursed by<\/span><\/span> either the at fault parties insurance or by your insurance. In either case, when you are not the party at fault you will not <\/span>be required<\/span><\/span> to pay a deductible.<\/span><\/div>\n<\/div>\n
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b. Comprehensive coverage\u00a0 \u00a0\"insurance,<\/a><\/span><\/span><\/div>\n
protects your vehicle from risk out of your control. Also referred to as “other than collision,” this coverage protects against Mother Nature. Exposures such as wind, hail, hitting a deer or a falling tree are examples of covered causes of loss. The policy goes beyond covering \u201cActs of God\u201d by also insuring your car from fire, theft, and vandalism. <\/span><\/div>\n<\/div>\n
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IV. <\/span><\/strong> Uninsured (UIM) and Underinsured Motorist (UNIM)<\/span> <\/strong><\/span><\/span><\/div>\n
coverage is also tied to the No-Fault Insurance System<\/span><\/span>. Used in only 21 states, it covers the insured when the AT-Fault Party isn\u2019t insured or doesn\u2019t have enough insurance.<\/span><\/div>\n<\/div>\n
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UIM and UNIM are optional coverages, that help pay medical bills and\/or the cost to repair your vehicle. This coverage <\/span>is utilized<\/span><\/span> only when the other parties insurance is insufficient. Coverage limits tied to and capped at the same limit as your auto policies liability limit.<\/span><\/div>\n<\/div>\n
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Do you know the percent of uninsured drivers in Kentucky?<\/span><\/div>\n<\/div>\n
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Over 15% of Kentucky’s drivers <\/span>are uninsured<\/span><\/span>. It gets worse, as the number of underinsured drivers is <\/span>significantly<\/span><\/span> more. It is critical that you consider how UIM and UNIM coverages may impact you.<\/span><\/div>\n<\/div>\n
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V. Other Coverages <\/strong><\/span><\/div>\n
Include items such as: <\/span><\/div>\n<\/div>\n
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Towing<\/span><\/div>\n<\/div>\n
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Rental Reimbursement<\/div>\n<\/div>\n
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Loan Gap<\/div>\n<\/div>\n
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New Car Replacement<\/div>\n<\/div>\n
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OEM Endorsement<\/div>\n<\/div>\n
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The above list, while secondary, may include coverages important to your auto insurance.\u00a0 We highly recommend that these, as well as the other car insurance coverages that we have discussed, be reviewed with a licensed insurance professional.<\/span><\/div>\n
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The old adage, ” a penny wise and a pound foolish” must have been first spoken by an insurance agent.\u00a0 The old English saying proclaims that it is rather foolish to save a penny today when it will cost you a dollar at some point down the road.\u00a0 Prudent counsel.<\/div>\n
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Would you expect to receive that kind of advice today?\u00a0 NO!!\u00a0 What we get today is more along the lines of naming your own price.\u00a0 WHAT!!!\u00a0 Yes don’t bother to worry about managing your risk, just tell us what you want to pay.\u00a0 Our computer will carve up, water down, and eliminate the coverages this best way it can.\u00a0 The end result certainly isn’t a tailored insurance policy, but it does come at the price you want.<\/div>\n
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<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

When reviewing car insurance quotes, it is critical to consider more than price. Sure price is important. It\u2019s extremely important! But it\u2019s also important to get what you pay for and have protection tailored for your circumstances. \u00a0 Where to Start \u00a0 You should start by considering the major components of an auto insurance policy. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[64,588,573,592,631,633,280,135,586,580,138,640,639,27,284,591,629,590,593,594,595,634,630,587,589,632,636,637,638,635],"class_list":["post-644","post","type-post","status-publish","format-standard","hentry","category-auto-insurance","tag-auto-insurance","tag-auto-insurance-kentucky","tag-automobile-insurance","tag-automobile-insurance-ky","tag-best-car-insurance-ky","tag-best-value-car-insurance","tag-car-insurance","tag-car-insurance-for-kentucky","tag-car-insurance-kentucky","tag-car-insurance-policy","tag-car-insurance-quotes-ky","tag-i-need-to-by-car-insurance","tag-i-want-to-buy-insurance","tag-insurance","tag-insurance-quote","tag-kentucky-auto-insurance","tag-kentucky-auto-insurance-quote","tag-kentucky-car-insurance","tag-ky-automobile-insurance","tag-no-fault-auto-insurance","tag-no-fault-car-insurance","tag-online-auto-quote","tag-personal-auto-insurance-quote","tag-personal-auto-policy","tag-personal-auto-policy-ky","tag-top-car-insurance-ky","tag-what-do-i-need-to-do-before-i-get-a-car-insurance-quote","tag-what-do-i-need-to-know-before-i-buy-car-insurance","tag-what-do-i-need-to-know-before-i-buy-insurance","tag-what-do-i-need-to-know-before-i-get-an-insurance-quote"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/644","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=644"}],"version-history":[{"count":4,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/644\/revisions"}],"predecessor-version":[{"id":680,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/644\/revisions\/680"}],"wp:attachment":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/media?parent=644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/categories?post=644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/tags?post=644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}