Though you hope you never have to use it, auto insurance is one of the most important purchases you can make because it can prevent you from facing a significant financial burden if you were involved in an accident or your vehicle was damaged or stolen. As such, you must get the right amount of coverage. This will require some legwork to make sure you find the protection you need at a price that fits your budget. The following guide will help simplify the shopping process. 

3 Steps to Buying Auto Insurance 

Determine What You Need

The first step to buying auto insurance is assessing your coverage needs. This includes finding out your state’s legal requirements. In Kentucky, drivers must carry a minimum of $25,000 bodily injury per person and $50,000 physical injury total per accident, $10,000 property damage liability, and $10,000 personal injury protection. It’s also a good idea to have an insurance agent evaluate your situation to see what kind of additional protection you can benefit from adding to your policy. Often, the minimum requirements don’t provide sufficient financial security.  

Browse Your Options 

Next, it’s essential to explore all your coverage options. Each one is designed to safeguard your finances against certain risks. While liability will cover damages you’ve caused another party if you’re found at fault for an accident, it won’t pay for your losses. Collision and comprehensive insurance will help repair or replace your vehicle if you crash into another car, object, or experience an event such as theft, vandalism, flooding, fire, or hail damage. Uninsured/underinsured motorist coverage will also take care of your expenses if you’re hit by someone who isn’t insured or doesn’t have enough insurance to cover your losses. 

Find the Best Deals  

Finally, you want to make sure you’re getting the best deal possible on your auto insurance premiums. Fortunately, there are several ways to keep costs manageable without compromising on the quality of your coverage. Your agent can help you comparison shop and determine which discounts you qualify for. Providers frequently reduce rates for having a clean driving record, bundling insurance policies, adding safety features, taking a defensive driving course, and maintaining low mileage. 

For help ensuring you end up with the appropriate type and amount of auto insurance, turn to Hamilton-Martin Insurance Agency in Louisville, KY. They offer more than 20 years of industry experience, along with personalized coverage solutions for maximum protection. As an independent agency, they can assist you in comparing options from multiple providers, giving you access to a variety of quality products at competitive rates. Call (502) 957-6500 to request a quote, or visit them online to learn more about their services.