K&K Car Insurance Review & Ratings (2024)

K&K Car Insurance reveals a specialized focus on providing tailored coverage for motorsports teams, offering budget-friendly plans for racing enthusiasts. K&K’s unique features include motorsports disability income coverage for full-time racers and commercial auto insurance for race teams, demonstrating a commitment to addressing the distinctive risks associated with motorsports.

The company extends coverage beyond the track with off-track insurance and safeguards racing competition facilities. While the review highlights positive aspects such as positive customer feedback on claim resolutions and an A+ rating from the Better Business Bureau, it also acknowledges limited information on credit ratings and mixed reviews on platforms like Yelp.

The article emphasizes the convenience of K&K’s claims process and user-friendly digital features, showcasing the company’s commitment to customer satisfaction. Overall, K&K Car Insurance appears to cater to the specialized needs of the motorsports community, providing a range of coverage options while acknowledging certain limitations and customer feedback variations.

What You Should Know About K&K Car Insurance

Welcome to our thorough analysis of K & K Car Insurance. In this comprehensive article, we will delve into the important issues such as coverage alternatives specifically designed for motorsports teams, competitive pricing options, customer satisfaction scores, and much more. If you’re a racing enthusiast in search of auto insurance that caters to your unique needs, you’ve come to the right place.

Simply input your zip code below and compare quotes to make sure you get the best deals from reputable insurance companies in your neighborhood. Don’t pass up the chance to safeguard your car and save money at the same time.

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What is the K and K Insurance (K&K) company history?

The K and K (K&K) car insurance company was founded in 1952 by Nord and Teddi Krauskopf. The original purpose of K&K Insurance was to provide accident medical benefits to injured race car drivers. In 1993, the pair sold the company to the Aon Corporation.

Over time, the company expanded to include all aspects of the motorsport industry. Today, the company is one of the most far-reaching managing general underwriters in the U.S., with over 70 specialty programs for high-risk activities.

K&K Car Insurance Coverage Options

K&K Insurance provides insurance to individuals and organizations in high-risk sports and recreation activities. The company offers coverage for personal and property damage. Some of the types of companies that receive K&K insurance include:

• Amateur sports teams
• Amateur sports associations
• Dance halls
• Skating rinks
• Fitness clubs
• Camps
• Outfitters

The company strictly provides general liability coverage when it comes to auto insurance. Similar to coverage for the types of companies mentioned above, the Insurance Information Institute says there are two types of general liability auto insurance.

Affordable K and K (K&K) car insurance plans primarily cover motorsports teams. These teams own cars that could be damaged during a race or outside of the track. This coverage is helpful for small organizations that are not well funded and require cheap insurance to repair the vehicle.

K&K’s motorsports disability income coverage provides insurance for full-time racers that experience a debilitating accident. This coverage is only available for full-time racers with a good driving history. Boat drivers and part-time racers are ineligible.

The coverage is available for auto racers who suffer a permanent or temporary total disability due to an accident. The benefit period of those with a temporary disability lasts between 52 and 104 weeks, depending on the specific injury.

Regardless of whether the disability is temporary or permanent, this disability car insurance provides the same coverages, including:

• Accidental death and dismemberment
• Accident medical expenses
• 24-hour racing activities coverage
• Racing activities only coverage

Additionally, K&K provides certain commercial coverages for race teams. These policies cover the team owners should an accident occur. The commercial auto insurance provided by K&K includes:

• Auto liability
• Building
• Business personal property
• General liability (non-racing)
• Workers’ compensation

While K and K (K&K) car insurance rates provide coverage for motorsports vehicles, there are situations in which the cars are not on track. For example, the vehicles might be driven from a stored location to a racing facility for an event.

To ensure the best coverage, K&K also offers off-track insurance. Individuals, race teams, and sanctioning bodies can receive coverage for racing vehicles if they’re not licensed or registered for public road use.

The purpose of this type of coverage is for vehicles used in competition. Larger vehicles are used to haul them to the racing venue. Some of the causes of physical damage losses involving these vehicles might include:

• Fire
• Theft
• Trailer upset

K&K also provides insurance for the facilities that host racing competitions. In many cases, a facility’s liability is more expensive than an individual vehicle. Therefore, insurance for a facility usually results in higher K and K (K&K) car insurance quotes than for cars.

When the company makes any changes to policy options, such as adding new policies, they update the information on the K&K Insurance news section of the website.

K&K Car Insurance Rates Breakdown

K&K Car Insurance general overview of factors that commonly influence car insurance rates and how these criteria might be applied by insurance companies.

• Age: Younger drivers, especially those under 25, often face higher insurance premiums due to statistical evidence suggesting that younger drivers are more likely to be involved in accidents.
• Gender: Historically, insurance companies have considered gender as a rating factor. Statistically, young male drivers have been associated with a higher risk of accidents than their female counterparts. However, some regions or insurance companies no longer use gender as a rating factor.
• Driving Record: Your driving history is a crucial factor. A clean record with no accidents or traffic violations generally leads to lower premiums. On the other hand, a history of accidents or traffic violations may result in higher rates.
• Vehicle Type and Model: The make and model of your vehicle, as well as its age and safety features, can impact your insurance rates. High-performance or luxury vehicles typically have higher premiums due to the cost of repairs and the likelihood of theft.
• Coverage Level: The amount of coverage you choose affects your premiums. Higher coverage limits and additional coverage options will result in higher premiums.
• Location: Where you live can impact your rates. Urban areas or regions with higher rates of accidents or theft may have higher premiums than rural areas.
• Credit Score: In some regions, insurance companies use credit scores as a factor in determining rates. A higher credit score is often associated with lower risk and, therefore, lower premiums.
• Usage and Mileage: How you use your vehicle and the number of miles you drive annually can influence your rates. Commuting long distances or using your vehicle for business purposes may lead to higher premiums.
• Deductible Amount: The deductible is the amount you pay out of pocket before your insurance coverage kicks in. Choosing a higher deductible can lower your premiums, but it also means you’ll pay more in the event of a claim.
• Discounts: Many insurance companies offer discounts for various reasons, such as bundling multiple policies, maintaining a good driving record, completing defensive driving courses, or having certain safety features in your vehicle.

It’s essential to keep in mind that each insurance company has its own proprietary algorithms and criteria for determining rates. Additionally, state regulations and local factors can also influence the pricing structure. For accurate and personalized rate information, individuals are encouraged to request quotes from the specific insurance provider.

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K&K Car Insurance Discounts Available

K&K Car Insurance general overview of common types of discounts that many insurance companies may offer to eligible policyholders.

• Multi-Policy Discount: Bundling multiple insurance policies, such as auto and home insurance, with the same company often results in a discount on both policies.
• Good Driver Discount: Drivers with a clean driving record, free from accidents and traffic violations, may be eligible for a good driver discount.
• Good Student Discount: Full-time students with a good academic record may qualify for a discount on their car insurance premiums.
• Safety Features Discount: Vehicles equipped with safety features such as airbags, anti-lock brakes, and anti-theft devices may be eligible for discounts.
• Defensive Driving Course Discount: Completing a defensive driving course voluntarily can sometimes result in a discount on your insurance premiums.
• Military and Veteran Discounts: Some insurance companies offer discounts to active-duty military members, veterans, and their families.
• Low Mileage Discount: If you drive fewer miles than the average driver, you may be eligible for a low mileage discount.
• Affinity Group Discounts: Some insurers offer discounts to members of certain organizations, alumni associations, or professional groups.
• Payment Discounts: Policyholders who choose to pay their premiums annually or through automatic electronic payments may be eligible for discounts.
• Loyalty Discounts: Customers who remain with the same insurance company for an extended period may receive loyalty discounts.
• Renewal Discounts: Some insurers offer discounts for policy renewals, encouraging customers to stay with the same company.
• Occupation-Based Discounts: Certain professions or occupations may qualify for specific discounts based on statistical data related to risk.
• Senior Discounts: Older drivers, typically those over a certain age, may qualify for senior discounts.
• Usage-Based Discounts: Insurers offering usage-based insurance programs may provide discounts based on actual driving behavior monitored through telematics devices.

The availability of discounts can vary based on factors such as state regulations and company policies.

Streamlining Your Claims Process With K&K Car Insurance

Ease of Filing a Claim

Filing a claim with K&K Car Insurance is designed to be a straightforward process, offering policyholders multiple convenient options. Whether you prefer the ease of online filing, the direct approach of phone communication, or the flexibility of mobile apps, K&K Car Insurance has you covered.

These various channels ensure that you can report incidents and initiate the claims process in a way that best suits your needs and preferences.

Average Claim Processing Time

When it comes to processing claims, time matters. K&K Car Insurance understands the importance of efficiency. While the exact processing time may vary depending on the specifics of the claim, K&K Car Insurance is committed to ensuring that claims are processed in a timely manner. Their goal is to provide policyholders with prompt responses and actions to resolve claims efficiently.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback plays a pivotal role in evaluating an insurance company’s performance. K&K Car Insurance values customer input, and this feedback is taken into serious consideration when assessing their claims process. While individual experiences may vary, overall customer feedback regarding claim resolutions and payouts has been positive.

Policyholders have expressed satisfaction with the company’s ability to deliver on coverage promises and provide fair and timely claim payouts.

Elevating Your Experience With K&K Car Insurance’s Digital and Technological Features

Mobile App Features and Functionality

K&K Car Insurance offers a user-friendly mobile app with a host of features designed to enhance the insurance experience. The app enables policyholders to access their accounts, review policy details, make payments, and even file claims directly from their mobile devices.

With intuitive navigation and robust functionality, the mobile app empowers customers to conveniently manage their insurance needs while on the move.

Online Account Management Capabilities

Managing insurance policies and accounts online has never been easier with K&K Car Insurance. The online account management portal provides secure access to policy information, billing statements, and important documents.

This digital platform simplifies tasks such as updating personal information, reviewing policy coverage, and making payments. It puts control at the fingertips of policyholders, making insurance management convenient and accessible.

Digital Tools and Resources

K&K Car Insurance recognizes the value of digital tools and resources in helping customers make informed decisions. Their website is a valuable repository of information, offering educational resources, insurance calculators, and interactive tools to enhance understanding of coverage options.

These digital resources empower policyholders to explore insurance solutions tailored to their unique needs, making the insurance journey transparent and user-friendly.

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How K&K Car Insurance Ranks Among Providers

K&K Car Insurance among other providers can vary based on individual preferences, needs, and regional factors. However, the review outlines several positive aspects of K&K Car Insurance, such as specialized coverage for motorsports teams, budget-friendly plans, and positive customer feedback on claim resolutions.

Additionally, the A+ rating from the Better Business Bureau suggests transparency and customer satisfaction. On the other hand, the review notes limited information on credit ratings and mixed reviews on platforms like Yelp.

While K&K Car Insurance appears to excel in catering to the unique needs of the motorsports community, a definitive ranking among providers may depend on specific criteria and individual considerations.

What are the ratings for K and K Insurance (K&K)?

Credit rating agencies regularly review and rate auto insurance companies based on financial strength. However, reviews haven’t been completed about K&K by any major credit rating agencies, including A.M. Best, S&P, Moody’s, and Fitch.

The company did receive accreditation from the Better Business Bureau (BBB) in 2009. The BBB has given K&K a rating, which indicates the organization’s opinion of how the business is likely to interact with customers.

According to the BBB website, K&K has an A+ rating, which says that the company has transparent business practices, few complaints, and will deal with any issues customers might have. This rating indicates that customers will have a satisfying experience dealing with K&K.

Does K and K Insurance (K&K) have any complaints?

The Better Business Bureau allows customers to list complaints on the organization’s website. At the time of this review, the BBB has received six complaints about K&K Insurance over the past three years. Two of those complaints have come in the last 12 months.

K and K Insurance reviews also appear on Yelp. There are 17 reviews about the company on the site, with each rating the company between one and five stars. An examination of the reviews shows that one is four stars and two are five stars. The remaining 14 reviews gave a one-star rating to the company.

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