Kentucky Auto Insurance

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Kentucky is classified as a "choice no-fault" state with regard to auto insurance. This means that you can choose to protect yourself under the "tort" rules or the "no-fault" rules. Under the "tort" rules, drivers have to carry minimum liability coverage and the at-fault driver pays for the damages. Under the "no-fault" rules, individual drivers pay for expenses related to an accident regardless of fault.

Kentucky Auto Insurance Rates

Kentucky auto insurance ranked 27th in 2003 for amount of money spent on auto insurance. In that year, on average, drivers spent $737.46 for their car insurance coverage. Kentucky drivers spent on average $472.40 for liability insurance, $278.82 for collision insurance, and $130.77 for comprehensive coverage during 2003.

Kentucky auto insurance rates are figured by calculating how much it would cost to insure the entire state, which includes legal fees and lawsuit settlements. The insurance companies then take into account a drivers's individual factors, including:

• Driving record
• Age of the driver
• City of residence
• Type of car, including safety features
• Credit score
• Marital status

Required Auto Insurance Coverage for Kentucky

With the tort system, a driver is allowed to sue the other driver for expenses. The Kentucky auto insurance minimums for liability coverage under the tort system are 25/50/10. This means that the driver must carry coverage of $25,000 per person, $50,000 for all people, and $10,000 for property damages caused by an accident.

Under the no-fault system, drivers are required to carry Personal Injury Protection (PIP). When choosing PIP protection over the tort system, Kentucky auto insurance laws state that the driver forfeits the right to sue unless expenses are over a certain limit (this limit changes every couple of years, so you should check with the Kentucky Office of Insurance for exact details). Kentucky also requires that every driver provide liability and PIP coverage for passengers who are not family members.

Kentucky Auto Insurance Companies

Insurance companies calculate auto insurance prices differently, so it is a good idea to get quotes from multiple companies in order to get the lowest rates. Some top companies that offer Kentucky auto insurance are:

• GEICO
• GMAC
• State Farm Insurance
• Allstate Insurance
• Nationwide Insurance
• Progressive Insurance
• 21st Century Insurance

More Resources and Information

Kentucky Office of Insurance
215 W. Main St.
Frankfort, KY 40601

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