Having to pay for high-priced car insurance can deplete your budget and make it tough to pay other bills. Doing a price comparison can be a smart way to tighten up your finances.
Multiple insurers compete for your insurance dollar, and it can be difficult to compare rates and get the definite best rate
It’s a good idea to get comparison quotes at least once a year because insurance prices are usually higher with each renewal. Just because you found the best price for Optima insurance at your last renewal a different company probably has better rates today. There are lots of tips to save on car insurance online, but in just a couple of minutes you can learn some great ways to lower your car insurance bill.
If you have a policy now or are just looking to switch companies, you can use this information to cut your premiums and still get good coverage. Finding the best rates is quite easy. Drivers only need an understanding of the tricks to buy insurance on the web.
Getting a cheaper price on 2014 Kia Optima insurance is actually quite simple. You just have to take a couple of minutes comparing free insurance coverage quotes from online providers. It’s super easy and can be done using one of these methods.
The most efficient way to get quotes is to use a rate comparison form like this one (opens in new window). This style of form prevents you from having to do separate forms to each individual car insurance company. A single, simple form will get you rate comparisons instantly.
A more time consuming way to compare rate quotes requires a trip to the website of each company and fill out their own quote form. For examples sake, we’ll assume you need rates from Allstate, Farmers and GMAC. In order to get each rate, you would have to spend time on each company’s site and enter your policy data, which can get rather old.
For a handy list of car insurance company links in your area, click here.
You can choose any of those ways to find more affodable coverage, but compare the exact same coverage limits and deductibles for every company. If you compare different values for each quote you will not be able to get a fair rate comparison.
Auto insurance can be pricey, but there could be significant discounts that you may not know about. Certain discounts will be applied when you quote, but some may not be applied and must be requested specifically prior to getting the savings. If you do not double check each discount available, you are throwing money away.
It’s important to note that most discount credits are not given to the overall cost of the policy. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates it’s possible to get free car insurance, that’s just not realistic.
A list of companies and a summarized list of policyholder discounts can be read below.
When quoting, ask every insurance company the best way to save money. Some of the earlier mentioned discounts might not be offered in your area. To choose insurers who offer online auto insurance quotes, click here.
When buying car insurance it’s important to understand some of the things that go into determining the price you pay for car insurance. When consumers understand what influences your rates, this enables informed choices that can help you get better car insurance rates.
The itemized list below are some of the factors used by your company to calculate your rate level.
When choosing the right insurance coverage, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs so this has to be addressed. For instance, these questions might point out whether or not you may require specific advice.
If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.
Learning about specific coverages of your auto insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. Auto insurance terms can be ambiguous and nobody wants to actually read their policy. Listed below are the usual coverages available from auto insurance companies.
Comprehensive coverage (or Other than Collision) – This pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as damage from flooding, hitting a deer, fire damage and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Collision – This covers damage to your Optima from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.
Collision coverage pays for things such as driving through your garage door, colliding with another moving vehicle and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.
Uninsured Motorist or Underinsured Motorist insurance – This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your Kia Optima.
Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.
Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like surgery, funeral costs, ambulance fees and dental work. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Coverage for liability – Liability coverage can cover damage that occurs to people or other property. This insurance protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000.
Liability coverage pays for things such as legal defense fees, pain and suffering, repair costs for stationary objects and court costs. How much liability should you purchase? That is a personal decision, but you should buy as much as you can afford.
In this article, we covered many ways to lower your 2014 Kia Optima insurance premium rates. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. You may even discover the best price on auto insurance is with some of the lesser-known companies. They can often insure niche markets at a lower cost than the large multi-state companies such as State Farm or Progressive.
Some companies may not have online quoting small, regional companies sell through independent agencies. Lower-priced auto insurance can be found from both online companies as well as from independent agents, and you need to price shop both to have the best rate selection.
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