2003 Kia Spectra Insurance Cost – 5 Tips to Save

Searching for cheaper auto insurance rates for your Kia Spectra? Locating cheaper insurance for your Kia Spectra can turn out to be an all-consuming task, but you can use our auto insurance buying tips to save time.

There is a better way to shop for auto insurance so you’re going to learn the best way to quote coverages for your Kia and find the cheapest rates from local insurance agents and online providers.

It’s smart to quote other rates as often as possible due to the fact that insurance prices are constantly changing. Even if you got the best rate for Spectra insurance a couple years back you can probably find a lower rate today. Forget all the misinformation about auto insurance because you’re about to find out the fastest and easiest way to get good coverage at a lower rate.

Slash your insurance rates with these five discounts

Companies offering auto insurance don’t always list all disounts in a way that’s easy to find, so we break down both well-publicized in addition to some of the lesser obvious discounts that you can inquire about if you buy insurance online. If you check and find you aren’t receiving every discount you deserve, you could be saving more on your insurance.

• Payment Discounts – By making one initial payment instead of monthly or quarterly installments you may reduce your total bill.
• Cautious Driver Discount – Insureds without accidents can save as much as half off their rates for Spectra insurance as compared to drivers with claims.
• Military Deployment Discount – Being on active deployment in the military may qualify for rate reductions.
• Multi-Vehicle Discounts – Buying insurance for all your vehicles on one policy can get a discount for every vehicle.
• Sign Early and Save – Some insurance companies reward drivers for buying a policy prior to your current policy expiring. This can save 10% or more.

Consumers should know that many deductions do not apply to your bottom line cost. Most only reduce individual premiums such as liability, collision or medical payments. So despite the fact that it appears adding up those discounts means a free policy, it just doesn’t work that way.

A list of companies and a summarized list of policyholder discounts are detailed below.

• Geico may have discounts that include air bags, federal employee, anti-lock brakes, driver training, and emergency military deployment.
• Travelers may include discounts for student away at school, continuous insurance, save driver, new car, and multi-car.
• Farm Bureau offers premium reductions for youthful driver, safe driver, multi-vehicle, multi-policy, 55 and retired, renewal discount, and good student.
• Liberty Mutual may offer discounts for multi-car, teen driver discount, hybrid vehicle, newly married, multi-policy, and new move discount.
• American Family has savings for accident-free, Steer into Savings, TimeAway discount, early bird, and good student.
• Progressive discounts include online quote discount, continuous coverage, multi-policy, homeowner, online signing, good student, and multi-vehicle.

Before you buy a policy, ask every insurance company which discounts they offer. Some credits may not be offered everywhere. For a list of insurance companies offering insurance discounts, click this link.

You are unique and your insurance should be too

When buying coverage for your vehicles, there is no cookie cutter policy. Each situation is unique.

These are some specific questions can help discover whether you could use an agent’s help.

• Why do I only qualify for high-risk insurance?
• Is my 2003 Kia Spectra covered for smoke damage?
• When does my teenage driver need to be added to my policy?
• Does my 2003 Kia Spectra need full coverage?
• Should I get collision insurance on every vehicle?
• Am I covered if I hit my neighbor’s mailbox?
• Does my insurance cover damage caused when ticketed for reckless driving?

If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and you can get the answers you need.

Save $425 a year? Really?

Consumers can’t get away from all the ads that promise big savings for switching from companies such as State Farm, Geico and Progressive. All the companies state the claim that you’ll save big just by moving your policy.

How does every insurance company make almost identical claims? It’s all in the numbers.

Insurance companies have underwriting criteria for the type of driver that will generate a profit. One example of a profitable customer should be a female over age 40, has no tickets, and has great credit. Any driver who matches those parameters may get the lowest prices and therefore will save when they switch companies.

People who do not meet this ideal profile will be quoted a higher premium and the driver buying from a lower-cost company. If you pay close attention to the ads, they say “customers that switch” but not “everyone who gets a quote” save money. That is how insurance companies can make those statements.

This illustrates why drivers should do a quote comparison often. It’s just not possible to know with any certainty which company will fit you best based on your risk profile.

Car insurance 101

Having a good grasp of a insurance policy can be of help when determining the best coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

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. It can pay for medical payments for you and your occupants as well as damage to your Kia Spectra.

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. This is the reason having UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Medical expense coverage

Med pay and PIP coverage kick in for immediate expenses for things like X-ray expenses, hospital visits, funeral costs and EMT expenses. They can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers both the driver and occupants as well as any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Coverage for collisions

This pays for damage to your Spectra from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as rolling your car, crashing into a ditch and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. You can also increase the deductible to bring the cost down.

Auto liability insurance

This coverage provides protection from damage that occurs to other’s property or people that is your fault. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Some companies may use a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things like court costs, medical expenses, pain and suffering and bail bonds. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford.

Comprehensive protection

This coverage pays for damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as theft, rock chips in glass and a broken windshield. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Never pay more for less

A few companies don’t offer rates over the internet and these smaller providers only sell coverage through independent agencies. Cost effective 2003 Kia Spectra insurance is attainable online as well as from insurance agents, and you need to comparison shop both to have the best rate selection.

When you buy insurance online, do not skimp on critical coverages to save a buck or two. There have been many cases where an insured dropped comprehensive coverage or liability limits only to discover later they didn’t have enough coverage. Your strategy should be to get the best coverage possible at a price you can afford, not the least amount of coverage.

You just read some good ideas how to reduce 2003 Kia Spectra insurance prices online. The key concept to understand is the more rate quotes you have, the better your chances of lowering your rates. You may be surprised to find that the best price on car insurance is with an unexpected company.

For more information, feel free to visit the resources below:

• Auto Insurance Learning Center (State Farm)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• Teen Driving and Texting (State Farm)
• Booster Seat Ratings (iihs.org)
• Liability Insurance Coverage (Nationwide)
• Safety Belts FAQ (iihs.org)