Having quality auto insurance is essential to making sure you’re financially protected in case of an unexpected loss. However, navigating the market can be overwhelming, as there are numerous coverage choices available. Additionally, Kentucky law has certain requirements drivers must comply with to operate a vehicle legally. That being said, it’s suggested you understand all your options before making a purchase. By becoming familiar with the following types of products, you’ll be in a better position to make informed decisions when customizing your policy.

A Basic Guide to Your Auto Insurance Options 

1. Liability 

If you are found at fault for a car accident, liability coverage will pay for any medical bills and property damage suffered by the other party. It will also help cover legal fees and court-awarded judgments if a lawsuit arises from the incident. In Kentucky, you are legally obligated to carry $25,000 bodily injury per person per accident, $50,000 bodily injury for all persons per accident, and $10,000 property damage.

2. Collision 

Since liability insurance won’t cover any damages your own vehicle sustains in a crash, you may want to consider collision coverage. This is designed to repair or replace your car if you collide with another motorist or object, hit a pothole, or are involved in a single-car rollover. It will pay for the damages regardless of who caused the accident. 

3. Comprehensive 

This kind of auto insurance coverage will protect you against losses if your vehicle is damaged for any reason other than a collision. It will take care of the costs to repair or replace your car should you need to file a claim due to fire, inclement weather, vandalism, theft, a falling tree, or hitting an animal.  

4. Uninsured/Underinsured Motorist 

Despite the law, there are still many motorists who decide to get behind the wheel without sufficient auto insurance or any at all. If you get into an accident with one of these drivers, uninsured/underinsured motorist coverage will prevent you from having to pay out of pocket for your medical expenses and vehicle repairs. 

5. Personal Injury Protection

Personal injury protection, also known as no-fault insurance, will cover medical costs for you and your passengers if you’re injured in a collision, no matter who was at fault. In some instances, it may also pay lost wages while injury victims are recovering. The Kentucky minimum requirement for this coverage is $10,000.

These are some of the most popular kinds of auto insurance coverage, and they each serve an important purpose. For help putting together a policy that adequately meets your needs, contact the professional agents at Pearson & Barnes Insurance.  With more than 20 years of combined industry experience, they can provide valuable insight into how each coverage option may benefit your particular situation. As an independent agency, they have access to a variety of reputable carriers and are able to offer the residents of Somerset, KY, reliable products at competitive pricing. Call (606) 679-1450 to schedule an appointment, and visit them online to request a quote.