Lower Your 2015 Kia Optima Insurance Cost

Car owners new to comparing rates online are likely to discover locating inexpensive car insurance is more work than they thought.

You need to compare rates yearly since rates are variable and change quite frequently. Just because you found the best rate for Optima insurance last year you may be paying too much now. Ignore everything you know about auto insurance because I’m going to teach you the proper way to find better rates and still maintain coverage.

The purpose of this post is to help you learn the best way to quote coverages and some tricks to saving. If you are paying for car insurance now, you stand a good chance to be able to save some money using this information. But drivers need to learn how insurance companies price insurance differently because it can help you find the best coverage.

Low cost car insurance quotes online

When shopping for car insurance there are multiple ways to compare prices from companies that offer car insurance in your state. The simplest method to do a complete rate comparison is to jump online and get quotes. It’s really quite simple and can be done in just a few minutes using one of these methods.

  1. The simplest way consumers can analyze rates is an all-inclusive rate comparison click to view form in new window. This form keeps you from doing separate quotes to each individual car insurance company. One form submission will get you rate comparisons from all major companies. Recommended for those who want to invest the least amount of time.
  2. Another way to get comparison quotes requires a visit to each individual company website to complete a price quote. For sake of this example, let’s assume you want to see prices from Auto-Owners, Safeco and GEICO. You would be required to spend time on each company’s site and enter your information, which is why the first method is quicker. For a list of links to insurance companies in your area, click here.
  3. The old school way to find cheaper rates is physically going to and from local insurance agencies. Shopping for car insurance online makes this process obsolete unless you want the advice and guidance of a licensed agent. You can, however, comparison shop online and have a local agent actually service the policy.

Whichever way you use, make sure you compare the exact same information for each quote you get. If you compare different data it will be very difficult to get a fair rate comparison. Slightly different insurance coverages or limits may cause a big price difference. And when price shopping your coverage, obtaining a wide range of quotes will enable you to find better pricing.

Advertising myths

State Farm, GEICO and Progressive constantly bombard you with ads in print and on television. All the ads say the same thing about savings just by moving your coverage. How is it possible that every company can charge less that you’re paying now?

All companies are able to cherry pick for the right customer that will add to their bottom line. For example, a profitable risk profile might have to be between 30 and 50, insures multiple vehicles, and drives less than 5,000 miles a year. A propective insured that meets those criteria will get low premium rates and have a good chance to save a lot of money.

Potential insureds who fall outside this stringent profile must pay a more expensive rate and this can result in the customer not purchasing. The ads state “customers who switch” not “everyone that quotes” will save that much if they switch. That’s the way insurance companies can make those claims.

Because of this risk profiling, you really need to do a quote comparison often. It’s just too difficult to predict which insurance companies will provide you with the cheapest car insurance rates.

How car insurance companies determine Kia Optima insurance premiums

Many different elements are used when pricing auto insurance. Some are pretty understandable like a motor vehicle report, but other factors are less apparent such as your marital status or how safe your car is.

  • Never have auto insurance policy lapses – Letting your insurance expire is a quick way to increase your renewal premiums. In addition to paying higher rates, the inability to provide proof of insurance will get you a license revocation or jail time.
  • Qualify for multi-policy discounts – Lots of insurance companies afford discounts to people that purchase more than one policy in the form of a multi-policy discount. The amount of the discounts can be 10 percent or more. Even though this discount sounds good, it’s in your best interest to compare rates to ensure the best deal.
  • Do you know your deductibles? – Physical damage coverage, aka comp and collision, is used to repair damage to your vehicle. A few examples of covered claims would be a broken windshield, hail damage, and rolling your vehicle. Comprehensive and collision coverage deductibles state the amount of money the insured will be required to pay if a covered claim is submitted. The higher the amount you have to pay, the bigger discount you will receive for Optima insurance.
  • Claim-free discounts can add up – Companies provide cheaper rates to people who are claim-free. If you are the type of insured that files lots of claims you can pretty much guarantee either a policy non-renewal or much higher rates. Your car insurance is designed for the bigger claims that can’t be paid out-of-pocket.
  • Discounts for married drivers – Your spouse can actually save you money when buying auto insurance. It demonstrates that you tend to be less irresponsible and statistics show drivers who are married are more cautious.

Discount car insurance rates

Car insurance is expensive, but you may be missing some discounts to cut the cost considerably. A few discounts will be applied at the time of quoting, but some may not be applied and must be requested specifically before they will apply. If you don’t get every credit available, you may be paying too high a price.

  • Good Students Pay Less – A discount for being a good student can earn a discount of 20% or more. This discount can apply well after school through age 25.
  • Senior Citizen Discount – If you qualify as a senior citizen, you could receive a small decrease in premiums for Optima insurance.
  • Homeowners Savings – Just being a homeowner can get you a discount because owning a home shows financial diligence.
  • Military Deployment Discount – Having an actively deployed family member could mean lower rates.
  • Air Bag Discount – Options like air bags or motorized seat belts can qualify for discounts up to 30%.
  • Savings for New Vehicles – Insuring a vehicle that is new can save up to 30% since newer models are generally safer.
  • Seat Belt Usage – Drivers who require all vehicle occupants to use their safety belts could save 15% off PIP or medical payments premium.
  • Policy Bundle Discount – If you have multiple policies with one insurance company you could earn a discount of up to 20% and get you low cost car insurance.
  • Driver’s Education for Students – Teen drivers should enroll in driver’s education in school or through a local driver safety program.

A little note about advertised discounts, many deductions do not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as medical payments or collision. Even though it may seem like adding up those discounts means a free policy, you aren’t that lucky.

A few companies who might offer these benefits include:

It’s a good idea to ask each insurance company which credits you are entitled to. Savings might not be offered on policies in your state. To see a list of car insurance companies with significant discounts, click here to view.

Tailor your insurance coverage coverage to you

When choosing proper insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Each situation is unique.

These are some specific questions can aid in determining if you might need an agent’s assistance.

  • Does my 2015 Kia Optima qualify for pleasure use?
  • I don’t drive much so do I pay less?
  • Do I have coverage when using my vehicle for my home business?
  • What vehicles should carry emergency assistance coverage?
  • Am I covered by my spouse’s policy after a separation?
  • When does my teenage driver need to be added to my policy?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Should I get collision insurance on every vehicle?
  • Are split liability limits better than a combined single limit?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form.

Specific coverages for a Kia Optima

Learning about specific coverages of car insurance can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring.

Liability insurance – This coverage will cover damages or injuries you inflict on other’s property or people. It protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things like pain and suffering, funeral expenses, repair costs for stationary objects, repair bills for other people’s vehicles and attorney fees. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.

Collision coverages – This coverage will pay to fix damage to your Optima from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like colliding with a tree, driving through your garage door, hitting a mailbox and crashing into a ditch. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Comprehensive protection – This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like fire damage, hail damage, vandalism, falling objects and damage from flooding. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Uninsured or underinsured coverage – This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Medical expense coverage – Med pay and PIP coverage kick in for short-term medical expenses for pain medications, hospital visits, chiropractic care and funeral costs. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Don’t throw your cash in the trash

As you go through the steps to switch your coverage, it’s a bad idea to buy poor coverage just to save money. In many cases, an insured dropped uninsured motorist or liability limits to discover at claim time that the few dollars in savings costed them thousands. Your aim should be to buy the best coverage you can find for the lowest price, but do not sacrifice coverage to save money.

Insureds change insurance companies for any number of reasons including not issuing a premium refund, delays in paying claims, high prices and denial of a claim. Regardless of your reason, switching companies can be easy and end up saving you some money.

Discount 2015 Kia Optima insurance is attainable online and from local agencies, and you should compare price quotes from both in order to have the best chance of saving money. Some companies may not provide rates over the internet and these regional carriers only sell through local independent agencies.

More detailed auto insurance information is located in the articles below: