2005 Kia Optima Insurance Quotes – 10 Tips to Save

Scraping up a payment for high-priced Kia Optima insurance can stress out your checking account and require stricter spending habits. Comparison shopping is a great way to ensure you are getting the best deal.

Numerous car insurance companies battle to insure your vehicles, and because of this it can be hard to compare auto insurance companies and uncover the absolute lowest rate possible.

Are you earning every discount?

Buying insurance is not cheap, but you may qualify for discounts that could help you make your next renewal payment. Most are applied at the time of purchase, but some discounts are required to be manually applied before you will receive the discount.

• No Accidents – Good drivers with no accidents can save substantially when compared with frequent claim filers.
• Driver Safety – Completing a driver safety course may get you a small discount and easily recoup the cost of the course.
• Resident Student – College-age children who live away from home to go to college and won’t have access to an insured vehicle may qualify for this discount.
• Safety Restraint Discount – Drivers who require all occupants to use their safety belts could save 15% on the premium charged for medical payments and/or PIP.
• Save with a New Car – Buying insurance coverage on a new vehicle can cost up to 25% less because new vehicles keep occupants safer.
• Telematics Devices – Drivers who agree to allow driving data submission to analyze when and where they use their vehicle remotely like In-Drive from State Farm and Progressive’s Snapshot might see lower rates as long as they are good drivers.
• Driver’s Ed – Require your teen driver to enroll in driver’s education in school or through a local driver safety program.
• Clubs and Organizations – Being a member of certain professional organizations is a simple method to lower premiums on your bill.
• Discounts for Government Workers – Having worked for a branch of the government could cut as much as 10% off on Optima coverage depending on your insurance provider.
• ABS Brakes – Cars and trucks that have anti-lock braking systems are much safer to drive and therefore earn up to a 10% discount.

As a disclaimer on discounts, some of the credits will not apply to the overall cost of the policy. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So even though you would think adding up those discounts means a free policy, nobody gets a free ride.

Large insurance companies and a selection of discounts can be read below.

• Geico may offer discounts for daytime running lights, good student, membership and employees, emergency military deployment, and multi-policy.
• Travelers has discounts for student away at school, new car, driver training, payment discounts, multi-policy, and continuous insurance.
• Farm Bureau may have discounts that include multi-vehicle, 55 and retired, safe driver, youthful driver, and multi-policy.
• Liberty Mutual includes discounts for teen driver discount, multi-policy, safety features, preferred payment discount, newly retired, good student, and new vehicle discount.
• American Family offers premium reductions for air bags, accident-free, TimeAway discount, good student, multi-vehicle, and Steer into Savings.
• Progressive discounts include good student, homeowner, continuous coverage, online signing, and multi-vehicle.

When quoting, ask every insurance company which discounts you qualify for. Depending on the company, some discounts may not be available in your state. To see a list of insurers with the best discounts, click this link.

When in doubt talk to an agent

When choosing the right insurance coverage, there isn’t really a cookie cutter policy. Everyone’s needs are different so your insurance should reflect that Here are some questions about coverages that may help you determine whether your personal situation might need professional guidance.

• Should I carry comprehensive and collision coverage?
• Will my vehicle be repaired with OEM or aftermarket parts?
• Is my state a no-fault state?
• If my 2005 Kia Optima is totaled, can I afford another vehicle?
• Does coverage extend to a rental car in a foreign country?
• What is the ISO rating for a 2005 Kia Optima?
• Who is covered by my policy?
• How much liability insurance is required?

If you’re not sure about those questions but you know they apply to you, you might consider talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area. It’s fast, free and you can get the answers you need.

Coverages available on your auto insurance policy

Learning about specific coverages of your policy helps when choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find typical coverage types available from auto insurance companies.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims like vandalism, damage from flooding, falling objects, a broken windshield and rock chips in glass. The most your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for expenses such as funeral costs, prosthetic devices and X-ray expenses. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. It covers you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Coverage for collisions

This pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as crashing into a ditch, driving through your garage door, scraping a guard rail and crashing into a building. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also bump up the deductible to bring the cost down.

Liability auto insurance

Liability insurance will cover damages or injuries you inflict on other people or property in an accident. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers things like pain and suffering, attorney fees, funeral expenses, medical expenses and repair costs for stationary objects. How much coverage you buy is your choice, but buy as high a limit as you can afford.

Uninsured Motorist or Underinsured Motorist insurance

This coverage provides protection when other motorists either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Kia Optima.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

The bottom line

We just covered some good ideas how to reduce 2005 Kia Optima insurance prices online. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding affordable car insurance. Consumers may even find the lowest prices come from a company that doesn’t do a lot of advertising. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as Allstate and Progressive.

As you prepare to switch companies, it’s a bad idea to skimp on coverage in order to save money. In too many instances, drivers have reduced uninsured motorist or liability limits and found out when filing a claim that it was a big mistake. Your goal should be to purchase a proper amount of coverage at a price you can afford and still be able to protect your assets.

Helpful information

• Preventing Carjacking and Theft (Insurance Information Insitute)
• Auto Insurance FAQ (Farmers Insurance)
• Vehicle Insurance (Wikipedia)
• Side Impact Crash Tests (iihs.org)