In a word nothing. Don’t go to your auto agent and ask for full coverage, please. Auto insurance is not a commodity. Buy the cheapest gas, the cheapest couch you can find. Sit down with your insurance agent and get as good a policy as you can reasonably afford. You must have $25,000 liability coverage by law in the State of Kentucky. Have you seen any hospital bills lately? One of my clients was sent a bill from air care for $15,000 for the ride to the hospital! They called her house and demanded to know how they were going to be paid before my client was released from the hospital.
- Make sure you buy extra PIP coverage, at least 10 or 20 thousand extra. If you have extra PIP (personal Injury protection) on more than one car, you can stack the extra coverage. For example, three autos covered, each has 20 thousand PIP you can stack the extra 10 thousand you purchased for a total of 40 thousand on the auto in which you are occupying when you have a wreck. This is the cheapest health insurance you can buy and you don’t have to pay them back from your personal injury settlement like your health insurance must be paid back.
- I suggest $100,000 liability (to cover injuries you may cause) and $100,000 UM (uninsured motorists) and UIM (under-insured motorists), which will cover you and your family for injuries caused by others who don’t have enough insurance. Also get $50,000 property damage to cover your car and other belongings. Some auto Insurers tell you that you don’t need to buy uninsured motorists or underinsured motorists because all drivers are required to have insurance in Kentucky.
The records show that at least 20% of Kentucky drivers are uninsured and this doesn’t count out of state drivers, stolen autos, permissive drivers that are not listed on the car’s policy and other uninsured drivers. Just assume that most autos that may injure you or your family members probably has a state minimum coverage of $25,000. Be safe not sorry.