Two of the main reasons Kentucky Auto Insurance is expensive is because of inflation and the potential for astronomical costs of a car accident. The way things are going we really can't expect insurance premiums to go down any time soon. However, even though it can be very costly, it is possible to make your rates affordable.
Insurance prices can be close to unbearable to young drivers. This is because insurers charge more to drivers under 25 than any other age demographic. One way to combat this is to get good grades. Most insurance companies offer a good discount for students with good grades.
Most companies will also give you a good discount if you hold more than one policy with them. If you have an RV, ATV, a home, an additional vehicle, or life insurance you can put all those policies together with the same company and get a discount. It is almost always cheaper and more convenient to be one company.
You can usually save money on your insurance by having a safe car, or making your car safer. If your car has airbags it is usually cheaper to insure. If your car does not have an anti-theft device you might consider installing one because you can get an additional discount for this as well.
If you currently have a loan for your car, it might be in the contract to have full coverage car insurance. But if you own your car, there are some instances where you can get by with less. If you have an older car that isn't worth much you can change your coverage from comprehensive to liability. Also if the prices get to bad you might consider settling for Kentucky's minimum limits, which are $25,000/$50,000 $10,000.
Raising your deductibles can be a good decision of you can afford it. It can dramatically drop the price of your monthly payments. However, if there were an accident you would have to pay more. Because you pay less monthly it is almost always cheaper to raise the deductable, but it can often be difficult if you don't have a lot of money in the bank.
Even though the rates of insurance in Kentucky are higher than almost anywhere in the United States, you can still get your insurance cheap if you act smart. Compare different agents and websites to make sure you are getting a good deal. A good way to save money and time is through and insurance broker. Because they work with a number of different companies, they can shop around for you and get you the best deals.
