2001 Kia Optima Car Insurance Cost

Locating better insurance prices for your Kia Optima can turn out to be difficult, but you can learn the following methods and make it easy. There are more efficient ways to find car insurance online so you’re going to learn the quickest way to get price quotes on a Kia and find the lowest price from both online companies and local agents.

The method we recommend to compare insurance rates in your area takes advantage of the fact all the major auto insurance companies pay for the opportunity to compare their rates. To start a quote, the only thing you need to do is provide a small amount of information such as your general credit rating, how many miles driven, if it has an anti-theft system, and how old drivers are. The data is instantly provided to multiple different insurance companies and you will receive price estimates immediately.

Discounts for affordable auto insurance rates

Some insurers don’t always publicize all disounts very well, so the below list has some of the best known and the harder-to-find credits available to you. If you do not check that you are getting every discount possible, you are throwing money away.

• Discount for Life Insurance – If the company offers life insurance, you could get a discount if you purchase some life insurance in addition to your auto policy.
• Anti-theft System – Cars equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
• Pay Early and Save – If paying your policy premium upfront instead of making monthly payments you can avoid monthly service charges.
• Paperwork-free – Some insurance companies will provide an incentive get auto insurance online.
• Distant Student Discount – Any of your kids living away from home attending college and do not have a car may be insured at a cheaper rate.

While discounts sound great, it’s important to understand that some credits don’t apply to the entire cost. Most only cut the cost of specific coverages such as comprehensive or collision. Even though the math looks like it’s possible to get free car insurance, that’s just not realistic.

Companies that possibly offer many of the previously listed discounts include:

• Geico
• MetLife
• State Farm
• Progressive
• Mercury Insurance
• 21st Century
• Allstate

When getting a coverage quote, ask each company or agent which discounts you may be entitled to. Depending on the company, some discounts may not be available everywhere.

You may need specialized insurance coverage

When it comes to choosing coverage for your vehicles, there is no “best” method to buy coverage. Everyone’s situation is a little different.

These are some specific questions might point out if you might need an agent’s assistance.

• Do I need more liability coverage?
• Can I afford low physical damage deductibles?
• Can I get a multi-policy discount for packaging my home and auto coverage?
• I don’t drive much so do I pay less?
• Is a fancy paint job covered?
• Is extra glass coverage worth it?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and can provide invaluable advice.

Why you might pay inflated rates

Many factors are considered when pricing auto insurance. Some of the criteria are obvious such as your driving record, although others are more obscure like your vehicle usage or how financially stable you are.The best way to find cheaper car insurance is to take a look at the different types of things that are used to determine your car insurance rates. When consumers understand what determines premiums, this enables you to make decisions that may result in lower premium levels.

The following are some of the most rate-impacting factors used by your company to calculate your rates.

• Females tend to take less risk – Over time, data shows that women are safer drivers than men. The data does not necessarily mean that men are worse drivers. Males and females are responsible for auto accidents in similar numbers, but the male of the species get into accidents with more damage. Not only that, but men also get more serious tickets such as DWI and reckless driving.
• Annual mileage impacts costs – The higher the miles on your Kia each year the more you’ll pay to insure your vehicle. The majority of insurers charge rates based upon how much you drive. Vehicles that have low annual miles can be on a lower rate level than vehicles that have high annual mileage. Make sure your car insurance declarations sheet properly reflects the right rating data. Improper usage on your Optima can result in significantly higher rates.
• Rural areas have lower prices – Having an address in small towns and rural areas can save you money when buying car insurance. People in densly populated areas have more traffic problems and a longer drive to work. Less people living in that area means reduced accidents and lower theft and vandalism rates.
• Discounts for multiple policies – Lots of insurance companies give lower prices to policyholders that buy multiple policies in the form of a multi-policy discount. Even if you’re getting this discount it’s still a good idea to get quotes from other companies to help guarantee you have the best rates.
• Vehicle theft costs us all – Buying a car with anti-theft technology or alarm system can earn a premium discount. Theft prevention devices like OnStar, LoJack tracking, and tamper alarms all help stop car theft.
• Credit rating impacts premium rates – An insured’s credit rating can be an important factor in determining premium rates. Drivers with high credit scores tend to be more responsible and file fewer claims as compared to drivers with bad credit. Therefore, if your credit rating can use some improvement, you may save money insuring your 2001 Kia Optima if you improve your credit rating.
• Safer vehicles cost less to insure – Vehicles that have high safety ratings cost less to insure. Safe vehicles help reduce the chance of injuries in an accident and any reduction in injury severity translates into fewer and smaller insurance claims which can result in lower premiums.
• Extra policy coverages are wasting money – There are a lot of additional coverages that sound like a good idea at the time if you aren’t diligent. Coverage for things like coverage for rental cars, towing, and extra equipment coverage are examples of these. They may sound like good ideas when deciding what coverages you need, but if you have no use for them remove them and pocket the money.

Insurance coverage breakdown

Knowing the specifics of your insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for expenses for pain medications, chiropractic care, ambulance fees, X-ray expenses and funeral costs. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. It covers all vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

This coverage covers damage to your Optima resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like crashing into a building, damaging your car on a curb, colliding with a tree, scraping a guard rail and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Liability coverage

Liability coverage will cover damage or injury you incur to a person or their property in an accident. This insurance protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage protects against claims like emergency aid, medical expenses, court costs and structural damage. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive insurance

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like rock chips in glass, fire damage and damage from flooding. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Make an honest buck

Consumers leave their current company for a variety of reasons including lack of trust in their agent, policy cancellation, questionable increases in premium or an unsatisfactory settlement offer. It doesn’t matter why you want to switch finding a new company can be easier than you think.

When you buy auto insurance online, it’s not a good idea to reduce coverage to reduce premium. There are a lot of situations where an accident victim reduced full coverage only to regret at claim time that they should have had better coverage. Your objective should be to buy a smart amount of coverage at an affordable rate, but do not sacrifice coverage to save money.

Cheaper 2001 Kia Optima insurance is possible from both online companies and also from your neighborhood agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance providers may not have online rate quotes and these smaller companies work with local independent agents.

More detailed insurance coverage information is available by following these links:

• Child Safety Seats (Insurance Information Insitute)
• Who Has the Cheapest Car Insurance Quotes for a Kia Optima in Chandler? (ChandlerCoverage.com)
• Teen Driver Licensing Information (iihs.org)
• What Determines the Price of My Auto Insurance Policy? (Insurance Information Insitute)
• Smart Auto Insurance Tips (Insurance Information Insitute)