5 Tips Guaranteed to Lower Auto Insurance Costs in Covington, KY

Are you tired of being strong-armed to insure your vehicles every month? You are no different than many other Kentucky drivers. Insurance companies such as GEICO, Progressive and Allstate persitently shower you with catchy ads and it can be hard to separate fact from fiction and take the time to shop coverage around.

Free Quotes for Auto Insurance in Covington

There are multiple methods to compare auto insurance quotes, but one way is less time-consuming than others. You can spend your afternoon discussing policy coverages with local insurance agents in Covington, or you could save time and use online quoting to get pricing more quickly.

Many companies take part in a program where insurance shoppers enter their policy data once, and every company can provide price quotes based on the submitted data. This prevents consumers from doing quote requests to each individual auto insurance company.

To enter your information into the quoting system, click here to start a free quote.

The one disadvantage to pricing coverage this way is you cannot specify the providers to get pricing from. So if you prefer to choose individual companies to request quotes from, we have a page of the cheapest auto insurance companies in Kentucky. Click to view list.

It’s your choice how you get your quotes, but make absolute certain that you use apples-to-apples coverages with each company. If your comparisons have unequal deductibles or liability limits it will be impossible to determine which rate is truly the best in Covington.

Cut your premium with these 5 discounts

Properly insuring your vehicles can get expensive, but you can get discounts that you may not even be aware of. Some discounts apply automatically when you get a quote, but some must be specifically requested before being credited. If you aren’t receiving every discount available, you’re paying more than you need to.

  • Military Discounts – Having a deployed family member could be rewarded with lower premiums.
  • Passive Restraints – Vehicles with factory air bags or automatic seat belts can receive discounts of 20% or more.
  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems help deter theft and earn discounts up to 10%.
  • Good Student Discount – Performing well in school can be rewarded with saving of up to 25%. This discount can apply up to age 25.
  • Braking Control Discount – Anti-lock brake equipped vehicles can reduce accidents and therefore earn up to a 10% discount.

A little note about advertised discounts, most of the big mark downs will not be given the the whole policy. Most only cut specific coverage prices like liability and collision coverage. Even though it may seem like all the discounts add up to a free policy, you’re out of luck. Any amount of discount will reduce the cost of coverage.compare rates in Covington KY

To see a list of providers with the best auto insurance discounts in Covington, click this link.

Specifics of your auto insurance policy

Knowing the specifics of your policy can help you determine appropriate coverage and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverages offered by auto insurance companies.

Comprehensive coverage – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like damage from flooding, falling objects and rock chips in glass. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision – This pays for damage to your vehicle caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things like scraping a guard rail, damaging your car on a curb, driving through your garage door, colliding with a tree and crashing into a building. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to increase the deductible to bring the cost down.

Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your vehicle.

Because many people have only the minimum liability required by law (Kentucky limits are 25/50/10), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for hospital visits, prosthetic devices, dental work, chiropractic care and X-ray expenses. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to being hit by a car walking across the street. PIP is not available in all states and may carry a deductible

save money concept

Coverage for liability – Liability coverage can cover damages or injuries you inflict on other people or property. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as legal defense fees, bail bonds, medical services, attorney fees and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as high a limit as you can afford. Kentucky requires drivers to carry at least 25,000/50,000/10,000 but you should think about purchasing higher limits.

Additional information is available on the website for the Kentucky Department of Insurance through this link. Consumers can report car insurance fraud, file complaints about a company, download brochures, and find out which companies have the most complaints.