Very Cheap Auto Insurance - Tips That Guarantee Affordable Car Insurance Rates

Sunday, April 26, 2009

Deductible Levels and Kentucky Auto Insurance

By Steve Turner

Before you purchase your Kentucky Auto Insurance policy make certain that you have consulted with an insurance agent that understands all the factors that come into play on your policy. The level of deductibles that you choose will have a large impact on your policy.

Most drivers stick with the standard deductible amount of $500. However based upon the value of their car and requirements of their lien holder, some drivers will increase their deductibles to $1000 or even $5000.

If you can afford to, raising your deductible is a great idea. The higher your deductible amount the lower your insurance premium will be.

The deductible is the amount of damages that you will be personally responsible for before your insurance company will step in. Make certain as you are considering raising your deductible amount that you do not raise it so high that you couldn't provide the funds when needed.

Do not have a false sense of security that you will never find yourself in the situation of needed to come up with the deductible amount. Sometime in your life you will unfortunately find yourself there.

Make sure that you ask any questions that you have concerning deductibles before you purchase your auto insurance policy. It is definitely worth your time since deductible levels have such an impact on the premium you will pay.

To obtain the cheapest price for your policy make sure that you receive quotes from at least three different insurance providers. The insurance market is very competitive so there will be a wide range of prices offered.

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