Discount Auto Insurance Quotes In Kentucky - KY

Millions of people take to the roads in Kentucky each and every day. Most of them arrive safely at their destinations, but that's not always the case. There's no surefire way for anyone to completely avoid accidents, which is why auto insurance is so crucial. In Kentucky, it is even required by law. Still, some people are loathe to spend too much on car insurance. It's natural to want to get a good deal, but it's not worth it if the coverage is less than optimal. By doing a little research, drivers in Kentucky can find terrific deals on first-rate policies.

One thing every Kentucky driver should do is research the minimum auto insurance requirements in the state. This is a good starting point because it ensures that the driver will at least be obeying the law while operating a motor vehicle. After considering a few key demographics about who drives in the Bluegrass State, most people decide to go above and beyond the minimum requirements for auto insurance. Educated auto insurance buyers have a much easier time finding top-notch coverage, and they generally enjoy very competitive premiums too.

Who Drives in Kentucky?

The U.S. Census Bureau reports that Kentucky had an estimated population of 4,380,415 in 2012. According to theFederal Highway Administration, there were 2,959,881 licensed drivers in the state in November 2012, which means that 67.6 percent of the population is legally able to drive. Men accounted for 1,461,221, or 49.37 percent, of all licensed drivers. Women accounted for 1,498,660, or 50.63 percent, of the total. These figures are interesting, but insurance companies are not allowed to consider gender when figuring out auto insurance premiums.

Age is an important factor that is considered when determining car insurance premiums. Older drivers have more experience and tend to be safer. Younger drivers, on the other hand, tend to be riskier to insure. In November 2012, there were 84,076 licensed drivers aged 19 and below. They accounted for 2.9 percent of all licensed drivers. The largest group is made up of people between the ages of 50 and 54. It included a total of 299,679 people, which equals 10.1 percent of all legally licensed drivers in the Bluegrass State. There may be more older drivers, but that doesn't mean the roads are safe.

Car Insurance Requirements in Kentucky

Before requesting and collecting auto insurance quotes in Kentucky, drivers should learn the basics about what is required by law. In Kentucky, all drivers must have no-fault insurance and liability car insurance.

The minimum requirements for liability insurance in Kentucky are:

  • At least $25,000 in bodily injury coverage per person
  • At least $50,000 in bodily injury coverage for two or more people
  • At least $10,000 in property damage coverage

As for the no-fault insurance requirement in Kentucky, drivers must have policies that include at least $10,000 in personal injury coverage. This is done to insure that no one can be sued due to an accident, which would create major problems for the court system in the state.

Drivers are expected to keep proof of auto insurance coverage with them at all times. The state also enforces liability insurance and no-fault insurance requirements by requiring all insurance carriers to report lapses and cancellations to the Kentucky Office of Insurance and the DMVR. These reports are sent electronically. Drivers who fail to maintain insurance are notified by these agencies and must take steps to correct the problem.

Failure to maintain insurance as required can result in some fairly serious consequences. In some cases, a driver's license may be suspended or even revoked entirely. The same thing is true about his vehicle registration. Licenses and registrations may not be reinstated until certain steps are taken. Reinstatement fees usually apply.

The best way to avoid these problems is by maintaining valid liability and no-fault insurance coverage. While collecting auto insurance quotes in Kentucky, drivers should make sure that the policies they consider meet the basic requirements. It's usually best to buy more extensive coverage as well.