What is auto insurance?Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.

Today, a motor vehicle accident occurs every second. Auto accidents cause an injury every 14 seconds. And every 13 minutes a car accident results in a fatality. More than 31 million accidents occur annually at a cost of more than $100 billion. Theft and vandalism are other major perils— a vehicle is stolen every 20 seconds.
Murphy InsuranceWith more than 150 million drivers and registered vehicles on the road, auto insurance is the most widely purchased of all property-casualty insurance, yet few drivers are familiar with the details of their particular policy.

Trusted Choice® insurance professionals want to make it easier for you to understand your insurance needs and the many options available to you. Learn more about auto insurance, including the different types of policies, how carriers determine rates, what is covered and more in The Consumer’s Guide to Auto Insurance.Auto insurance provides property, liability and medical coverage:

* Property coverage pays for damage to or theft of your car.
* Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
* Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.

An auto insurance policy is comprised of six different kinds of coverage. Most states require you to buy some, but not all, of these coverages.

If you’re financing a car, your lender may also have requirements. We will help you figure this out and suggest the right policy for you.Most auto policies are for six months or a year. Your insurance company should notify you by mail when it’s time to renew the policy and to pay your premium.  Don’t worry..we will call you with a reminder as well.  We want to make sure that things haven’t changed (a new teenage driver, etc) and to make sure that you are still protected with the right coverage.


Why do you need auto insurance?

It’s really all about protecting yourself financially.

* If you’re in an accident or your car is stolen, it costs money, often a lot of money, to fix or replace it.

* If you or any passengers are injured in an accident, medical costs can be extremely expensive.

* If you or your car is responsible for damage or injury to others, you may be sued for much more than you’re worth.  No one wants to face financial ruin because they didn’t have the right coverage.

* And …Its the law.   Not only is having insurance a prudent financial decision, many states require you to have at least some coverage. 

In Kentucky you are required to have :

Liability Coverage (mandatory):
$25,000 per person, for bodily injury,
$50,000 per accident, for bodily injury, and
$10,000 per accident, for damage to another’s property, usually their car.

Personal Injury Protection, aka PIP or No Fault (mandatory):

Uninsured / Underinsured Motorist (mandatory):
$25,000 per person
$50,000 per accident

We will go over these with you and make sure you meet the requirements.

ALSO :   Current proof of Kentucky auto insurance is required to be kept in the car at all times. If stopped by Kentucky law enforcement you must present a valid Kentucky Insurance card showing the car is insured. We will provide this card when we issue or renew your car insurance liability policy. I know ….it’s easy to lose those cards.  We will provide a replacement any time you request it at no cost.  Just call or drop by.

Why Choose Murphy?  As an Independent Agent we are an advocate for finding auto insurance that meets your specific needs. We are not bound by a master company that tells us to push this policy this week and a different one next week.  We will shop all the carriers that we do business with and find you the RIGHT CHOICE that fits your needs.

Here are a few things to think about:

* How much can you afford to pay if you get in an accident?
(To keep premiums low you may want to have a higher deductible and be willing to pay more for repairs.)

* What is the insurance company’s level of service?

* Does the insurance company require you to use certain repair shops?

* Is a replacement or rental car (during repairs) part of my policy?

* What discounts are available? (Ask about good driver, multiple policy and student discounts.) Most of the time if you have more than one policy with same carrier.. like Auto & Home you will get BIG discounts.

* What’s the procedure for filing and settling a claim? (Ask who to call and what happens after you file a claim.) We have been here all our lives and will be there any hour if you need us. We will get a claims agent on your case and follow up with you to make sure that you have been cared for.   



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