Car Insurance Requirements For Louisville
When shopping around for Louisville car insurance it can be helpful to know the required amount of auto insurance for the Louisville area. Kentucky laws says that you should at the very least have liability coverage in the form of 25/50/10 this is the form youll see liability coverage written in when you shop for car insurance in Louisville. Liability coverage does not cover your expenses but the expenses of those around you. Furthermore it only applies if you are found to be the guilty party in an accident.
What do the aforementioned three numbers stand for? You must have at least 25000 in bodily injury liability for one person 50000 in bodily injury liability for all people and 10000 in property damage liability for all people in a single car accident. Bodily injury liability pays the medical bills of others in the unfortunate event of an accident and property damage liability pays for the cost to repair or replace other peoples cars. Property damage liability also applies to fixed property such as telephone polls or fences.
Is it okay to only have the 25/50/10 in liability coverage? Unless you think that your income or your assets can pay for damages that you are liable for in the future you can afford to stay close the minimum. Regardless it is recommended that you have around 100/300.50 in liability coverage according to insure.com
There are of course other types of insurances to consider aside from the required liability coverage. This would include collision comprehensive uninsured/underinsure GAP and PIP.
About the writer: Nick a car insurance enthusiast has a more detailed Louisville Car Insurance Guide.
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