Known fondly as the “Bluegrass State” and one of only four states to still use the title “Commonwealth”, Kentucky has played a huge job in the evolution of the whole country. Since splitting from VA and joining the union as the 15th state in 1792, KY has led to politics, as the birthplace of Abraham Lincoln, and also to business as the manufacturing house of celebrated cars like the Ford F-150. Below we’ll take a short look at how automobile insurance works in Kentucky, and what drivers will have to know before insuring themselves in the state.
Lawmakers in Kentucky have given motorists the privilege to select which of the two primary car insurance systems that they need to conform to, which is known as the “NoFault Option” system.
Regardless of which choice one chooses, there are two compulsory types of automobile insurance coverage that motorists must buy to get allowed on the roads.
$25,000 per person in an accident and $50,000 for all parties in the same accident. The other required coverage is Property Damage Liability insurance, which covers any affiliated repair prices for damages to property that you simply cause in an injury.
here is $10,000. If a motorist participates in the “no fault” system, they’re also responsible for buying a minimum of $10,000 in Personal Injury Protection coverage. Car insurance prices in Kentucky are greater compared to the national average, but not by enough to cause any great concern. A Kentuckian will pay about $ 1758 per year for auto insurance, compared to the national median speed of $ 1440 per year, on average. Motorists in Kentucky’s major cities have it either better or worse than those who live in the remainder of their state – according to which city you call home. Residents of Lexington pay an average of $1595 per year for car insurance, while those in Louisville pay a lot higher average rate of $1969. Motorists who invest a little time researching through the various insurance providers and strategies available can find some savings to help bring down these prices.
Unfortunately, news is not too great with reference to vehicle crashes on Kentucky roads, which is the main reason auto insurance costs are above the national average. Kentucky was one of the only states as motorists in the state let their focus to road safety slip, to find a rise in crashes from 2008 to 2009. Fortunately, this didn’t translate to an increase in fatalities. The fatality rate really fell about 4% in 2009, with the absolute number of fatalities brought on by traffic accidents falling from 836 to 803. These amounts represent the average of 1 in every sixteen drivers in Kentucky being involved in an accident in
2009. As it pertains to incidences of grand theft auto news is considerably better. Kentucky enjoys some of the cheapest vehicle theft rates of any state in the country, and they continue to improve. There were merely 6,080 autos stolen in 2009, a fall from 7,663 in 2008. It’s somewhat of a surprise to see such a sizeable fall in a single year, and when this tendency continues it will probably have a favorable effect on helping bring down car insurance prices, as vehicle thefts have never been a huge difficulty in Kentucky.
This website has teamed up with Kentucky’s automobile insurance providers that will help you sort through all different strategies and rates available and to pick the car insurance that charges you the least. Browse back around the peak of the page and input your POSTCODE to see how much you can save!