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Kentucky Tips for Car Insurance Savings

There are some easy things you can do when looking for car insurance in Kentucky that will help you save money on your rates and premiums. These tips are simple to implement and should be applicable to you whether you're buying car insurance in KY for the first time, purchasing a new policy though you've lived in the state for a while, or looking to revamp an old policy to be more fiscally responsible.

Before You Buy

Before you even talk to an auto insurance agent, you should decide what types of coverage you're interested in looking at. Many automobile insurance companies make much of their profit by selling customers more coverage than they actually want or need. If you have an idea about what you're interested in before you even begin the conversation, you will be in a better place to resist agents who try to upsell you.

Make sure you include the types of insurance that Kentucky requires by law when you're considering what types of insurance to purchase. You don't want to have any problems with the law in this area, as the state's penalties for not carrying at least the proper Kentucky car insurance are stiff. Note that you may want to purchase these same types of insurance in amounts greater than the state's minimum requirements. While you will not face legal penalties if you don't do this, you could easily be in an accident where the costs exceed those covered by the minimal insurance. In cases like these, you can be held personally responsible for any damages.

If you drive an expensive vehicle, have a loan on your vehicle, are leasing your vehicle, or could not afford to replace your vehicle in case of an accident, you will want to consider adding comprehensive and collision coverage to your plan. While having these will cost you more in immediate premiums, they could save you a lot in case of an accident.

If you choose to consider comprehensive or collision auto insurance coverage, you will need to determine what deductible level would work best for you. Having a higher deductible can mean paying less for this coverage, but it also means that you are responsible for a greater amount if your vehicle is damaged or destroyed in an automobile accident. You will need to weigh the advantages and drawbacks of each scenario against your financial situation to determine what level will be best for you. You may want to get quotes at several deductible levels so you can decide later.

Once you know what you're looking for, talk to as many automobile insurance companies as you can before you make any final decisions. Get quotes from each of these companies, but don't purchase anything until you have all your quotes in front of you. Sometimes, different vehicle insurance companies will use different formulas to determine your premium rate, and you can save money if you find one that works in your favor.

Buying Car Insurance

Once you have quotes from several different companies, take some time to look at them all together to determine which will work best for you. Note that the best quote may not necessarily be the cheapest. If you have an inexpensive quote from a company you did not enjoy working with when you got the quote, you may not want to continue working with them in the future. You also may decide that you want to work with nationally recognized companies only, or that you want a company that will also provide extras like roadside assistance.

If you look at your quotes and still aren't happy with what you will have to pay for coverage, there are a few things you can consider. If you have tickets and moving violations on your driving record, consider waiting until those have expired before purchasing new vehicle insurance. While this isn't an option for drivers who are new to the state, it is usually an option as long as you have an existing auto insurance policy.

You can also look to see if you are being charged for any extras. Sometimes, automobile insurance companies automatically include charges for things like roadside assistance, and won't remove them unless you ask specifically. Make sure that any and all discounts you discussed with the company's representative are included in the proposed policy, too. If you aren't sure, you can always ask.

Finally, if you're still not satisfied with the policies and rates you've been offered, contact the individual companies to see if they can give you any additional discounts. You may be surprised at what they can offer you, and you'll find yourself saving even more on your Kentucky car insurance this way.

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