Vehicle owners fed up with high insurance rates and are new to comparing car insurance rates on the internet will find buying is harder than it needs to be.
Get lower-cost Kentucky auto insurance rates with discounts
Some providers do not advertise every available discount in an easy-to-find place, so the following list contains some of the more common and also the more inconspicuous ways to save on auto insurance. If you check and find you aren’t receiving every discount possible, you could be saving more on your auto insurance.
- Distant Student – Any of your kids who live away from home at college and leave their car at home could qualify for this discount.
- Claim Free – Claim-free drivers can save substantially in comparison to insureds who have frequent claims or accidents.
- Policy Bundle Discount – If you insure your home and vehicles with the same company they may give you a discount of at least 10 to 15 percent or more.
- E-sign – Many insurance companies will discount your bill up to fifty bucks on the web.
- Student Discount for Driver Training – Teen drivers should participate in a local driver’s education class as it will make them better drivers and lower rates.
- Early Signing – Select companies give a discount for renewing your policy prior to your current policy expiring. Ten percent is about the average savings.
Drivers should understand that most discounts do not apply to the entire policy premium. Most only apply to specific coverage prices like collision or personal injury protection. So despite the fact that it appears adding up those discounts means a free policy, companies wouldn’t make money that way. But any discount will lower your premiums.
If you would like to view insurance companies that offer many of these discounts in Central City, click here to view.
To find more affordable prices, there are a couple of ways to get quotes from companies that offer auto insurance in Kentucky. The simplest method to find the lowest rates is to perform an online rate comparison. This is quite simple and can be completed using a couple different methods.
Hands down the most simple method to find the lowest comparison rates is a comparison rater form like this one (opens in new window). This style of form prevents you from having to do repetitive form entry for every auto insurance company. Just one form will get you rate comparisons from auto insurance companies with the best prices. Recommended for those who want to invest the least amount of time.
A less efficient way to obtain and compare quotes online requires a visit to the website for every company you want to comare to complete a price quote. For example, we’ll pretend you want rates from State Farm, Liberty Mutual and Farmers. In order to compare rates, you need to navigate to each company’s site to input your insurance information, which explains why we recommend starting with the first method.
To view a list of companies in Central City, click here.
The least recommended way to find cheaper rates is physically going to different agent offices. Doing it all online reduces the need to sit down with an agent unless you want the guidance of a local agency. It is possible with some companies compare the best prices online and still use a local agent.
You can choose any of those ways to find more affodable coverage, but double check that you are using exactly the same deductibles and coverage limits for every company. If your comparisons have different deductibles you will not be able to determine the lowest rate in Central City. Having just a slight variation in insurance coverages may result in large price differences. And when price shopping your coverage, obtaining a wide range of quotes gives you a better chance of getting more affordable insurance.
Auto insurance coverage basics
Having a good grasp of your policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and coverage can change by endorsement.
Comprehensive or Other Than Collision – Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things such as theft, a broken windshield, damage from a tornado or hurricane and hail damage. The maximum payout you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.
Since many Kentucky drivers have only the minimum liability required by law (Kentucky limits are 25/50/10), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.
Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for bills like nursing services, EMT expenses, rehabilitation expenses, pain medications and hospital visits. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay
Collision – Collision coverage will pay to fix damage to your vehicle caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage protects against things like colliding with a tree, backing into a parked car, crashing into a building, crashing into a ditch and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible to save money on collision insurance.
Liability coverages – This coverage provides protection from damage that occurs to other people or property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.
Liability coverage protects against claims like loss of income, funeral expenses, repair bills for other people’s vehicles, emergency aid and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford. Kentucky requires drivers to carry at least 25,000/50,000/10,000 but drivers should carry more liability than the minimum.
A little work can save a LOT of money
Lower-priced auto insurance can be found on the web and with local Central City insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies do not offer the ability to get a quote online and many times these smaller companies only sell coverage through independent agents.
Insureds leave their current company for a number of reasons such as high prices, delays in responding to claim requests, an unsatisfactory settlement offer and delays in paying claims. It doesn’t matter why you want to switch finding a great new company is actually quite simple.
We just showed you many ways to lower your auto insurance car insurance rates. The key concept to understand is the more companies you get premium rates for, the better your comparison will be. You may even find the most savings is with the least-expected company.