Save on 2001 Kia Optima Car Insurance Rates

I can’t think of anyone who likes buying auto insurance, particularly when the prices are way too high.

Insurance companies such as State Farm, Allstate, GEICO and Progressive all promote huge savings with catchy ads and it can be hard to ignore the promise of big savings and effectively compare rates to find the best deal.

It’s a great practice to do price comparisons once or twice a year because prices change frequently. Despite the fact that you may have had the best quotes for Optima insurance a few years ago a different company probably has better rates today. There is a lot of bad information regarding auto insurance online, but in just a couple of minutes you can learn some of the best ways to slash your auto insurance rates.

If you have car insurance now, you will be able to save some money using these tips. Choosing the best insurance company for you is quite easy. Nevertheless, drivers can benefit by having an understanding of the methods companies use to price insurance differently because it can help you find the best coverage.

How to get insurance quotes

To get the cheapest insurance quotes, there a variety of ways to get quotes from all the different companies. The best way to find the cheapest 2001 Kia Optima insurance rates consists of shopping online. This can be done in just a few minutes using one of these methods.

  • Experts agree that the best way consumers can make multiple comparisons is to use a rate comparison form click to view form in new window. This form keeps you from doing separate forms for every prospective company. Taking the time to complete one form will return price quotes from multiple low-cost companies.
  • A harder way to find better pricing requires a visit to the website of each company to complete their respective quote request forms. For instance, let’s say you are doing a rate comparison from Liberty Mutual, State Farm and Allstate. To get each rate you have to spend time going to each site individually and repeatedly enter your information, which explains why we recommend starting with the first method.

    To view a list of companies in your area, click here.

  • The most time-consuming method to quote and compare insurance rates is going to insurance agents’ offices. Quoting and buying insurance online reduces the need to sit down with an agent unless you have a complicated situation and need the guidance that only a licensed agent can provide. However, consumers can comparison shop online and still use a local agent.

However you get your quotes, do your best to enter apples-to-apples quote data on every quote. If you compare unequal deductibles or liability limits you will not be able to get a fair rate comparison. Slightly different coverages could mean much higher rates. And when quoting insurance, remember that quoting more helps improve the odds of finding the best price.

Insurance coverage policy discounts

Some insurers don’t list all disounts in an easy-to-find place, so below is a list a few of the more common and the harder-to-find discounts that you can inquire about if you buy insurance online.

  • Mature Driver Discount – Drivers over the age of 55 are able to get a small discount on rates for Optima insurance.
  • Employee of Federal Government – Federal government employees can earn a discount up to 10% for Optima insurance with a few insurance coverage companies.
  • Homeowners Pay Less – Owning a house can help you save on insurance coverage since home ownership requires a higher level of personal finance.
  • Early Switch Discount – A few insurance companies give discounts for signing up before your current expiration date. You could save around 10% when you buy insurance online.
  • Good Student – Being a good student could provide a savings of up to 20% or more. You can use this discount normally up until you turn 25.
  • Driver’s Education for Students – Require your teen driver to complete a driver education course in school.

One thing to note about discounts is that most credits do not apply the the whole policy. Most only apply to specific coverage prices like comp or med pay. If you do the math and it seems like you would end up receiving a 100% discount, you won’t be that lucky. But any discount will bring down the amount you have to pay.

The best insurance coverage companies and some of the discounts are:

  • State Farm discounts include multiple autos, defensive driving training, good driver, student away at school, multiple policy, Drive Safe & Save, and anti-theft.
  • Farmers Insurance may have discounts that include bundle discounts, distant student, electronic funds transfer, good student, business and professional, switch companies, and alternative fuel.
  • Progressive offers discounts for continuous coverage, online signing, multi-vehicle, multi-policy, and good student.
  • GEICO offers premium reductions for seat belt use, good student, five-year accident-free, multi-vehicle, emergency military deployment, and military active duty.
  • Auto-Owners Insurance offers discounts including good student, teen driver, multiple vehicles, multi-policy, and anti-theft.
  • The Hartford policyholders can earn discounts including defensive driver, good student, air bag, driver training, anti-theft, bundle, and vehicle fuel type.
  • Farm Bureau has discounts for multi-vehicle, 55 and retired, youthful driver, good student, renewal discount, and driver training.
  • USAA has savings for military installation, driver training, defensive driver, family discount, annual mileage, and multi-vehicle.

If you want cheaper insurance quotes, ask every company which discounts can lower your rates. All car insurance discounts may not be available in your area. To choose providers who offer discounts, click this link.

How do I know if I need professional advice?

When it comes to choosing adequate coverage, there really is no cookie cutter policy. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions may help highlight if you will benefit from professional help.

  • When would I need rental car insurance?
  • Do I need an umbrella policy?
  • Am I covered if I drive in a foreign country?
  • Should I drop comprehensive coverage on older vehicles?
  • Should I buy full coverage?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Are split liability limits better than a combined single limit?
  • What happens if I owe more than my 2001 Kia Optima is worth?

If it’s difficult to answer those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier

Coverages available on your policy

Learning about specific coverages of insurance aids in choosing the right coverages and proper limits and deductibles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types found on the average insurance policy.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include injuries to you and your family and damage to your Kia Optima.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Liability coverages

Liability coverage can cover injuries or damage you cause to a person or their property in an accident. It protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things like court costs, repair costs for stationary objects and medical services. How much liability coverage do you need? That is a personal decision, but consider buying as high a limit as you can afford.

Comprehensive coverage

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hitting a deer, a broken windshield, damage from a tornado or hurricane and hitting a bird. The maximum payout a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as X-ray expenses, prosthetic devices, pain medications, nursing services and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision coverage

This coverage pays for damage to your Optima resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like rolling your car, damaging your car on a curb, sideswiping another vehicle and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Smart consumers save more

You just learned some good ideas how you can compare 2001 Kia Optima insurance rates online. The key concept to understand is the more you quote insurance, the more likely it is that you will get a better rate. You may even find the most savings is with a small local company. These smaller insurers may have significantly lower car insurance rates on certain market segments as compared to the big name companies such as Allstate, GEICO and Progressive.

Cheaper 2001 Kia Optima insurance can be bought online as well as from insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance providers do not provide online price quotes and usually these regional insurance providers sell through independent insurance agents.

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