Compare 2002 Kia Optima Insurance Cost

If price shopping insurance coverage quotes online is new to you, you can easily be confused thanks to the vast number of online insurance coverage companies and websites competing for your business.

It is always a good idea to shop coverage around once or twice a year because rates are constantly changing. If you had the best deal for Optima insurance six months ago the chances are good that you can find a lower price today. Forget anything you know (or think you know) about insurance coverage because it’s time to teach you one of the best ways to lower your annual insurance bill.

If you currently have a car insurance policy, you will most likely be able to cut costs considerably using this information. Pricing the best coverage can be fairly easy. Nevertheless, vehicle owners need to learn how insurance companies price online insurance and use this information to your advantage.

Where can I get the cheapest insurance?

When shopping for insurance there are multiple ways to obtain and compare prices from many different insurance companies. The easiest way by far to compare 2002 Kia Optima insurance prices involves getting comparison quotes online. It is quite easy and can be accomplished in a couple minutes as outlined below.

  • The best way consumers can make multiple comparisons is to use a rate comparison form click here to open form in new window. This form saves time by eliminating a different quote for each company you want a rate for. One simple form will get you rate comparisons from insurance companies with the best prices. It’s the fastest way to compare.
  • A less efficient way to compare prices consists of going to each individual company website and fill out their own quote form. For instance, let’s say you are doing a rate comparison from Nationwide, Esurance and Travelers. In order to get each rate, you would have to go to each individual site and enter your policy data, which is why the first method is more popular.

    For a list of companies in your area, click here.

It’s your choice how you get your quotes, but be certain you are entering apples-to-apples coverages and limits on every quote. If you are comparing different values for each quote it will be nearly impossible to determine the lowest rate for your Kia Optima. Just slight variations in limits could throw off the whole comparison. And when quoting insurance, remember that comparing more company’s prices helps increase your odds of locating more affordable rates. Not every company allows you to get rate quotes online, so it’s recommended that you also compare rates from those companies as well.

Get cheaper insurance coverage rates with discounts

Insurance can be prohibitively expensive, but there may be some discounts that can dramatically reduce your bill. Many discounts should be triggered at the time of quoting, but occassionally some discounts must be specially asked for prior to receiving the credit.

  • Switch and Save Discount – Some companies provide a discount for switching companies before your current policy expires. The savings is around 10%.
  • College Student – College-age children who are enrolled in a college that is more than 100 miles from home without a vehicle on campus may be insured at a cheaper rate.
  • Cautious Drivers – Drivers who don’t get into accidents may save up to 50% more for Optima insurance than drivers with accident claims.
  • Air Bags and Passive Restraints – Factory options such as air bags or motorized seat belts could see savings of more than 20%.
  • Own a Home – Simply owning a home can get you a discount since home ownership means you have a higher level of financial diligence.
  • Policy Bundle Discount – If you can combine your auto and home policy with the same insurance company you could save at least 10% off all policies.
  • Senior Citizen Rates – Drivers that qualify as senior citizens may receive a discount up to 10% for Optima insurance.
  • Federal Government Employee – Being employed by or retired from a federal job could cut as much as 10% off for Optima insurance depending on your insurance coverage provider.

Remember that many deductions do not apply the the whole policy. Most only apply to individual premiums such as physical damage coverage or medical payments. So even though it sounds like you could get a free insurance coverage policy, companies don’t profit that way.

Popular insurance coverage companies and some of their more popular discounts can be found below.

  • Progressive may offer discounts for online signing, multi-policy, online quote discount, homeowner, good student, and multi-vehicle.
  • AAA offers discounts for AAA membership discount, good student, multi-policy, pay-in-full, multi-car, and education and occupation.
  • Farmers Insurance includes discounts for teen driver, good student, multi-car, switch companies, and pay in full.
  • Geico may include discounts for defensive driver, multi-vehicle, membership and employees, daytime running lights, air bags, emergency military deployment, and driver training.
  • Esurance has discounts for DriveSense, defensive driver, claim free, good student, good driver, and online shopper.
  • SAFECO has savings for safe driver, accident prevention training, anti-theft, bundle discounts, and teen safety rewards.
  • State Farm may have discounts that include anti-theft, good driver, multiple policy, defensive driving training, accident-free, good student, and student away at school.

Check with each insurance company how you can save money. Savings might not be offered on policies everywhere. To choose insurance companies that can offer you the previously mentioned discounts, click here to view.

Tailor your car insurance coverage to you

When choosing adequate coverage for your vehicles, there is no perfect coverage plan. Every situation is different.

These are some specific questions might point out if your situation might need professional guidance.

  • Is business equipment covered while in my vehicle?
  • Do I have coverage when pulling a U-Haul trailer?
  • Am I covered if my car is in a flood?
  • Is my babysitter covered when using my vehicle?
  • Which is better, split liability limits or combined limits?
  • What is an SR-22 filing?
  • Is my cargo covered for damage or theft?
  • Are rock chip repairs covered?
  • Do I benefit by insuring my home with the same company?
  • Is business property covered if stolen from my car?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form.

Insurance coverage considerations

Learning about specific coverages of your insurance policy can help you determine appropriate coverage for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy.

Comprehensive protection

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for things like theft, hitting a bird and hail damage. The maximum amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Auto liability

This coverage will cover injuries or damage you cause to other people or property in an accident. It protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability coverage pays for claims such as repair costs for stationary objects, emergency aid, medical services, structural damage and funeral expenses. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Medical expense coverage

Medical payments and Personal Injury Protection insurance pay for bills for things like EMT expenses, chiropractic care and dental work. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision coverage protection

Collision insurance covers damage to your Optima from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as sustaining damage from a pot hole, crashing into a ditch, colliding with a tree and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to choose a higher deductible to save money on collision insurance.

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Comments About 2002 Kia Optima Insurance

  1. Elida Ortega

    This is too expensive. I’m in Green Bay, WI. Quoted with Safeco, Farmers, Allstate, and Amica for my 2002 Kia Optima and I’m now saving $21 a month. Was with Eastwood. Thankfully I’m not a high risk driver. I recommend comparing lots of rates. It’s only liability tho.

  2. Hiroko Terrell

    I live on the east side of Jacksonville, FL. Compared rates from a lot of places. Saved roughly $10 a month. State Farm was the cheapest option for me. Was with AIG Insurance. I get a discount for insuring multiple vehicles. God forbid I actually have a claim. Just liability coverage since it’s getting old.

  3. Bambi Sloan

    I got decent rates for a 2002 Kia Optima in Burlington, VT. Ended up at about $80 every six months with AAA. Hopefully won’t need it. I quoted rates online then called them.

  4. Danielle Buck

    I’m in Newark, NJ. Quoted a bunch of companies. Saved roughly $20 a month. GEICO was the most affordable for me. A clean driving record helps. Not sure about claim service.

  5. Gilma Young

    Nice post. From northwest of Los Angeles, CA. I got free prices from Mercury, Eastwood, GEICO, and American Family for my Kia and cut my rates about $70 a year. Left AAA to switch. I don’t insure for physical damage though.

  6. Ayana Patel

    What is Underinsured Motorist coverage?

  7. Whitney Wolf

    Lots of useful info here. I’m in the south part of Birmingham, AL. Can’t remember who all I quoted but I ended up saving about $20 each month. Insured with Erie before. :) I just carry liability insurance.

  8. Tynisha Rios

    Just my two cents. I live just to the east of Fairbanks, Alaska. Got free quotes online for a 2002 Kia Optima. Ended up at about $110 savings annually. Went with Progressive. Was with Esurance. Did it all online. I only have liability coverage on it.

  9. Ty Newman

    If you’re a decent driver and live near Rio Rancho, NM, check out State Farm. You might save some money. Was with AAA. I get multi-vehicle and multi-policy discounts. I’m thinking about dropping full coverage though.

  10. Song Blake

    Cheaper not always better. From south side of Columbus, GA. Got quotes from Progressive, AIG Insurance, and Encompass for my Optima and saved $63 a year. I have kids on my policy, too. Just liability coverage since it’s getting old.

  11. Neta Baldwin

    Corporate greed I’m telling you. Live in the eastern part of Charleston, West Virginia. Got car insurance prices from Liberty Mutual, AAA, Nationwide, and a couple others for my 2002 Kia Optima and saved just over $80 a year. Not sure if rates are cheaper online or not. It’s too old for full coverage.