Open Gates, Kentucky
3306 Clays Mill Rd, Ste 106
Lexington, KY 40503
(859) 219-1122

How Much Car Insurance Coverage Do You Need? April 2, 2019

Open Gates, Lexington-Fayette Central
How Much Car Insurance Coverage Do You Need?, Lexington-Fayette Central, Kentucky

Car insurance plays an important role in shielding you from serious financial burden after an accident. However, for it to be effective, you must have enough coverage to meet your needs. Therefore, you should take the time to assess your situation and explore all your options before buying a policy. Here are a few factors to take into account as you establish how much insurance is right for you.

Considerations When Determining How Much Car Insurance to Buy 

State Requirements 

When shopping for car insurance, you should know what your state requirements are. The majority of states make drivers legally responsible for carrying a minimum amount of liability coverage. This will help pay for any bodily injuries or property damage you cause with your vehicle. In Kentucky, motorists must purchase $25,000 bodily injury per person per accident, $50,000 bodily injury per accident, $10,000 property damage, and $10,000 personal injury protection.

Protecting Your Assets

It’s generally a good idea to purchase more liability coverage than what the state requires. If you are found to be at fault for a collision and you don’t have enough coverage to pay for the other party’s damages, you could end up facing a lawsuit. Under these circumstances, your assets could be taken away from you and used to fulfill your financial obligations.

Covering Your Out of Pocket Expenses 

car insuranceLiability insurance is only designed to take care of the other party’s expenses in an accident. This means that if you don’t have any additional coverage, you will have to pay for your own vehicle repairs and medical bills. Thus, it’s wise to consider adding collision, comprehensive, and uninsured/underinsured motorist coverage to your policy. These will help cover any losses you sustain from a crash and minimize your out-of-pocket costs.

 

There is no one-size-fits-all solution when it comes to car insurance, so consult with an agent about how much coverage makes sense for your situation. If you are looking for high-quality insurance products at reasonable rates, contact Heritage Insurance Agency. For nearly three decades, motorists throughout Fayette County, KY, have relied on the agency’s industry expertise to help them determine the most suitable amount of coverage to purchase. With their guidance, you can rest assured you will be sufficiently covered without paying more than necessary. Call (859) 219-1122 to schedule an appointment, and visit their website to request a quote.

Other Announcements, Events and Deals from Heritage Insurance Agency
FAQ About Homeowners Insurance for Dog Owners , Lexington-Fayette Central, Kentucky
In a nation where dogs are referred to as man’s best friend, it should come as no surprise that these furry companions can be found in more than 40% of American households. Desp...read more
5 Top Safety Tips Every New Motorcycle Owner Should Follow, Lexington-Fayette Central, Kentucky
Buying your first motorcycle is the fulfillment of a lifelong dream for many people, but it can be dangerous for inexperienced riders. The excitement of riding your bike on the open ...read more
The Top 4 Ways to Lower Car Insurance Rates, Lexington-Fayette Central, Kentucky
For people who own and drive a vehicle, car insurance is a significant part of their monthly transportation costs. However, the amount you pay is not set in stone. Insurers use sever...read more
The Do's & Don'ts of Driving in the Rain, Lexington-Fayette Central, Kentucky
Rain affects driving in many ways. It inhibits visibility and makes signs, pedestrians, and other motorists more difficult to see. It also turns the roads slippery, which makes stopp...read more