Reader’s Question:

I have been rejected by a couple of insurance companies. Any tips on how to get affordable auto insurance in Kentucky?

Marjorie

Bowling Green KY

Because liability insurance and personal injury insurance is mandatory, getting auto insurance in Kentucky is a must. State laws require you, on a per accident basis, to have at least $10,000 for property damage, $50,000 for all bodily injuries and $25,000 for bodily injury per person. Moreover, you need to show proof of coverage every time you renew your vehicle registration.

We highly recommend talking to other insurance companies in your area. Companies that offer auto insurance may be found online, or through the Yellow Pages. Contact them or visit their Web sites and get various quotes. Compare their policies, rates and services and you might be able to find a company that would approve your auto insurance.

Also, try to address the reason for your rejection. There are factors that lessen your risk factors that you can do. For example, try limiting the amount of driving you do, there are insurance companies that give you low mileage discounts. If you live far from your office, place of business, or school, you might consider relocating somewhere nearer. If you do not have one, install anti-theft devices. Be a safe driver and have a clean driving record. All these signify that you are a responsible driver and lowers your risk factor, thereby increasing your insurability.

If these fail in giving you the necessary auto insurance, there is still hope. Kentucky has the Kentucky Automobile Insurance Plan, which gives insurance coverage to individuals who have been rejected.

If you have been rejected for auto insurance in Kentucky, you can ask your agent to submit an application to the AIP. Note, however, that insurance policies obtained through the AIP carry higher premiums. AIP insurance is typically seen as a last resort for those who have repeatedly been rejected. At any time that you are able to secure insurance coverage from the open market, you can cancel your AIP policy in favor for the cheaper coverage you obtained.

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