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Kentucky Car Insurance (KY)Kentucky's structure for required auto insurance is a no-fault system. Under this system, you can opt for no-fault coverage, which limits your right to sue the other driver to recover costs, or choose the liability-based model, which does not limit your right to sue or protect you from being sued.
Kentucky Car Insurance RequirementsKentucky's minimum required liability coverage is 25/50/10. This means you must carry at least $25,000 in bodily injury liability for an individual and $50,000 in bodily injury for any one accident. Also required is $10,000 in property damage liability. This coverage is meant to pay the costs incurred by the other car and its passengers in an accident that is your fault. You are also required to buy $10,000 in personal injury protection (PIP). This coverage is meant to cover injury-related costs for passengers in your car who are not family members. By purchasing basic PIP coverage, you give up your right to sue the other driver unless your expenses exceed a certain limit. You can, however, buy back the right to sue by paying an increased premium on your policy. Get a FREE car insurance quote for Kentucky (KY) today >> Optional Car Insurance Coverage in KentuckyImportant optional coverage includes uninsured and underinsured motorist insurance. This policy component provides coverage for your expenses if you are in a collision with an uninsured driver, or one whose coverage is inadequate for your expenses. Usually, this insurance is limited to bodily injury costs and carries minimums that are the same as the bodily injury liability requirements.In order to insure your car for damages, you should consider collision and comprehensive insurance. Collision coverage pays for damages to your car resulting from an accident that is your fault. Comprehensive insurance pays for damages caused by non-traffic occurrences such as storm damage, fire, theft or break-ins. Both comprehensive and collision insurance are sold with a deductible payment attached. It is in your best interest to opt for the highest deductible you think you can afford in the event of an accident. High deductibles for this insurance component will lower your premium costs significantly. Medical payments insurance is coverage for injury-related costs to you and your passengers, regardless of who is at fault. This coverage may or may not overlap your PIP and uninsured/underinsured motorist coverage. It will, however, often cover costs that are not directly related to medical treatment such as wage loss. Minor insurance options include towing coverage, which pays for the cost of removing your car from an accident scene, as well as insurance to pay for a rental car while yours is in the shop for repairs. Car Insurance in Kentucky CitiesLearn more about car insurance specifically in Louisville. * Cars-Insured.net is not a broker, insurance agent, or carrier. The content on the site is for informational purposes only. Products and services described may not be available in all states. |
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