Will Car Pooling in Kentucky Lower Your Insurance Rates?
Reader’s Question:
I have been a full-time mom since I gave birth to my son. Now he is 4 and is attending pre-school. I have recently volunteered my car for carpooling and I am curious if this qualifies me for a lower motor vehicle insurance cost. I live in Kentucky.
Moira
Louisville, KY
The price of gasoline is shooting up. That’s an unfortunate fact that car owners will have to deal with everyday. One of the simple ways to save on gas is carpooling. Many have resorted to carpooling to get to work or school, and to cater to the changing times, motor vehicle insurance providers have devised discounts to reward motorists who use their cars less. Since you have agreed to start carpooling, it’s quite possible that you would be eligible for a lower motor vehicle insurance rate. If you have been carpooling for quite some time, and have not been receiving the rate adjustment, all you need to do is contact your insurance agent and ask him or her what you need to present as proof that you indeed share a ride. Once you have gathered all the necessary documents and whatever else they may require, submit it to your agent and inquire if you are entitled to a refund. If you are, they would usually apply the difference to your next policy statement. The terms and conditions on this particular issue may vary between motor vehicle insurance providers in Kentucky. Some may offer less and others may offer more. Each one may require different forms of proof. Besides inquiring from your agent, you could also seek out information on your own by visiting various websites on this topic and get up to date on the issue.
I Was Convicted In Kentucky For DUI Now Need To File SR22 Insurance
Reader’s Question:
I need to know more about SR22 in Kentucky. I got convicted of DUI lately and I have a court order to file SR22. Hope you can help me.
Pat
Fayette, KY
Hello there, Pat.
I am glad you asked about SR22. A lot of people get convicted of DUI and would have trouble with their insurance…for it could eventually lead to higher insurance rates.
An SR22 is actually a form that serves like a tracker of the high-risk classified. This shows proof of insurance to the DMV. Unfortunately, it is inevitable that DUI’s and DWI’s will likely raise your car insurance premiums.
There are some cases when the rates go so high that the insured is unable to cover the costs. It will be the burden of the insurance company to inform the DVM that the high-risk driver or SR-22 carrier no longer holds auto insurance. You may verify from Kentucky DVM, but normally, SR-22 will last for 3-5 years. After this period, you will be able to experienced reduced car insurance premium may go down depending on how well your driving history has been.
There are some SR22 insurance companies online that offer services for filing SR22. They will not be judgmental about your situation because their ultimate goal is to get you an SR22 within the day so you will be able to drive again. You might want to try to shop online for these services are available at he click of your mouse.
Kentucky SR22 Insurance – Do You Need Lower Rates?
Q: Although I’ve been trying, finding a SR22 car insurance company is proving impossible. How can I get insured now that I have to file an SR22 form?
A: Many companies refuse to offer Kentucky SR22 insurance because it’s simply too risky, and so for those who must file it, looking for a company that does offer it can be like searching for a needle in a haystack. While these companies may show up on the map less frequently or may be more expensive, this isn’t to say that it is impossible to become insured this way. You just have to know where to look.
You need to look for companies which claim to offer high risk insurance, because your SR22 falls into this category. By choosing these companies, you are more likely to be sold an insurance policy, since they sell them to most. If your driving record is really bad, though, you might be denied even by them.
But the road doesn’t end there. If you can’t take out a SR22 policy from a high risk policy, you can go ahead and join the state assigned risk pool, where you will definitely get insured.
Kentucky Non Owner SR22 Insurance – Check These Rates
Q: I have non owner SR22 insurance in Kentucky and recently defaulted on a student loan. I renewed my insurance policy this month and the rates are suddenly much higher. Are these two things related? Is this legal?
A: Since I can’t see your records with your car insurance company, I can’t tell you for sure, but I would say that it is very likely that the two are related, and it is also very legal. Although car insurance companies won’t do this every time you renew your policy, many do check your credit when you get a new policy and do so again once every one to three years. Companies who do this, and most do, are following the lead of companies which sell other types of insurance by using credit reports to compile an insurance risk score.
For those who have bad credit and are excellent drivers, it may seem more than a little unfair for them to be charged so much on their insurance for something they think is unrelated, but many 24 year old male drivers could say the same. What studies show, though, is that if you have bad credit, you will probably be filing a few car insurance claims. People with bad credit also have a history of, like you, defaulting on payments, and car insurance companies want customers they can be sure will pay them every month.
SR22 Bond – What To Do To Get Lower Rates On Auto Insurance?
Q: I’m going to buy a new car next month, but I have an SR22 bond which means my costs are high. What can I do to make sure that my insurance rates will not rise too much?
A: As someone who is about to buy a new car, you need to be very careful with the choices you make, because they could either send your SR22 bond prices much higher or much lower. By paying attention to your purchases and choosing responsibly, you can make sure they do the latter.
The type, cost, year, and features of any car you insure will affect the rates of your SR22 bond, so you should make sure these all line up to be non risky. First of all, avoid getting an expensive car. Keep it in your budget. The more a car costs to buy, the more it will cost to insure. Same goes for newer cars. Instead of getting a 2008 model, try for a 2005 or a 2004. Cars which are a few years old have lower SR22 bond rates.
You should choose a car which is safe. Check safety tests to see how your choices performed, and make sure they are equipped with safety devices. Most of all, run them through a few car insurance quote forms before you buy so you can be sure of the rates you’ll get.
New Car Insurance – Best Rates in Kentucky?
Q: If I have a new car, what kind of coverage do I need for my auto insurance policy?
A: As the driver of a new car, your responsibility for the well being of your car rises. Your financer, who you are paying for the car, doesn’t want to lose thousands of dollars because you wreck your car and then default on the payments, so a system is set up. If you want your new car, then you need to have collision, comprehensive, and gap insurance on your car insurance policy. If you don’t do this, your financer can take your car back.
You can make this cheaper by taking on even more responsibility, this time with your car insurance company. With the more money your insurance company has to pay when you file a claim, the more you will have to pay on your monthly premiums to make up for that. You can save here by raising your deductibles so that you have to pay out more before your insurance will kick in in the event of an accident.
Another way you can save a little bit of money is by paying your insurance all at once, for the entire six months to a year.
The BEST way to lower your rates is by raising your deductible amount to as high as you feel comfortable. This will have a drastic impact on your annual premiums.
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