The best auto insurance policy is one tailored to meet your specific needs. For instance, if you drive an older vehicle, you may not benefit much from a low deductible while very expensive vehicles may need additional coverage. However, determining how much insurance you need may not always be easy, requiring you to weigh a variety of factors. Below are a few things you should consider before signing up for a particular policy.

Minimum Liability Amounts

Every state requires drivers of registered vehicles to carry a certain minimum amount of liability insurance to protect everyone else on the road. Some states, like Kentucky, have no-fault insurance laws that allow injured drivers to file a claim against their own insurer, in exchange for accepting certain limitations on their rights to sue.

However, those responsible for severe bodily injury and disfigurement can still be held legally liable, in which case the mandated minimums may not be enough. Most experts recommend carrying at least enough personal injury protection to match the total value of your assets, including savings and investment accounts.

Additional Types of Insurance

Depending on the type of vehicle you drive, you may need collision insurance, which will pay for damages to your own car if you caused the accident. This also includes comprehensive insurance, which covers theft, hail storms, and other damage caused when you're not on the road. Uninsured Motorist coverage exists to protect drivers from injuries and other damage suffered in an accident caused by drivers who don't have enough auto insurance to adequately compensate you for your losses.

Drivers throughout the Ashland, KY, area have relied on Charles Adams Insurance Agency to find the best auto insurance policies at the right price for over a century. Visit the website to learn more about how this independent agency can ensure you have all of the car insurance coverage necessary. You can also call (606) 325-9709 for quotes, and follow their Facebook page for more industry tips and advice.