Compare 2005 Kia Spectra Insurance Cost

Want the cheapest car insurance rates for your Kia Spectra? Are you sick and tired of not being able to scrape enough together to pay car insurance each month? Your situation is no different than millions of other consumers.

Numerous insurers battle for your insurance dollar, and it can be difficult to compare rates to find the absolute lowest rate

You should make it a habit to compare prices yearly because car insurance rates go up and down regularly. If you had the best premium rates for Spectra coverage on your last policy the chances are good that you can find a lower price today. You can find a lot of wrong information about car insurance on the internet, but in this article, you’re going to get some great ideas on how to buy car insurance cheaper.

How to compare auto insurance rate quotes

There are a lot of ways you can shop for auto insurance but one way is less labor-intensive and much quicker. You could waste time discussing policy coverages with insurance companies in your area, or you could save time and use online quoting to get rates in a matter of minutes.

Many insurance companies are enrolled in a marketplace where prospective buyers complete one form, and each company then returns a price quote. This prevents consumers from doing quote forms for every auto insurance company. To participate in this free quote system, click here (opens in new window).

The one disadvantage to pricing coverage this way is that you can’t choose which insurance companies to receive prices from. If you wish to select individual companies to receive pricing from, we have a page of companies who write auto insurance in your area. Click here to view list.

Take whichever approach you prefer, but ensure you are comparing the same coverage data with each company. If you enter different deductibles it will be very difficult to determine which rate is truly the best. Just a small difference in insurance coverages or limits may result in large price differences. Just keep in mind that comparing more company’s prices gives you a better chance of getting more affordable rates. Some insurance companies are not set up to provide rate quotes online, so it’s recommended that you also compare price estimates from them, too.

Auto insurance ads bend the truth

Progressive, Allstate and Geico regularly use ads on TV and radio. They all have a common claim about how much you will save if you just switch your coverage. How is it possible that every company can charge lower premium rates? Just pay attention to how they say it.

Auto insurance companies look for specific characteristics for the type of customer that will most likely be profitable. A good example of this type of driver could possibly be over age 30, has few claims, and drives a vehicle with a low ISO rating. A driver that fits those parameters may get the lowest rates and will save when switching.

Drivers who cannot meet these standards will get higher rates and this can result in the customer not buying. The ads say “customers that switch” but not “all drivers who get quotes” save money. That’s why insurance companies can make claims like that.

Each company has different criteria, so drivers should do a price quote comparison at every renewal. Because you cannot predict which insurance companies will be your best fit.

The Kia Spectra insurance premium equation

Many things are considered when quoting car insurance. Some are obvious such as your driving record, although some other factors are not as apparent such as whether you are married and annual miles driven.

• Cheap premiums for being claim-free – Insurance companies award cheaper rates to policyholders who file claims infrequently. If you tend to file frequent claims, you can pretty much guarantee much higher rates or policy non-renewal. Insurance coverage is intended for the large, substantial claims.
• Better credit means lower costs – An insured’s credit history is a large factor in determining your rates. If your credit history can use some improvement, you could save money insuring your 2005 Kia Spectra by spending a little time repairing your credit. Drivers with high credit scores tend to be less risk to insure than those with lower credit ratings.
• Car insurance lapses lead to higher car insurance rates – Having a gap between insurance policy dates will be a guaranteed way to bump up your car insurance costs. In addition to paying higher premiums, getting caught without coverage can result in a hefty fine and possibly a revoked license. You may then have to prove you have insurance by filing a SR-22 with your state motor vehicle department.
• Get a ticket, pay higher premiums – Good drivers get better prices than their less careful counterparts. Even one ticket can boost insurance rates twenty percent or more. Drivers who have received careless violations such as DUI or reckless driving might be required by their state to file a proof of financial responsibility form (SR-22) with their state DMV in order to legally drive a vehicle.
• More than one policy can earn a discount – Most insurance companies apply discounts to clients who carry more than one policy, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s in your best interest to compare other insurance prices to help guarantee you have the best rates.
• Your liability insurance limits – Liability insurance will provide protection in the event that you are found to be at fault for damages caused by your negligence. Liability insurance provides legal defense coverage starting from day one. Liability insurance is quite affordable compared to comp and collision, so buy as much as you can afford.

Car insurance companies offer money-saving discounts

Car insurance is not an enjoyable expense, but discounts can save money and there are some available that you may not know about. Some of these disounts will be visible when you get a quote, but some discounts are required to be manually applied before you will receive the discount.

• Paperwork-free – Some insurance companies will discount your bill up to fifty bucks shop insurance coverage over the internet.
• Good Student – Getting good grades can earn a discount of 20% or more. Earning this discount can benefit you up to age 25.
• Braking Control Discount – Cars that have anti-lock braking systems can stop better under adverse conditions and the ABS can save up to 10%.
• Senior Discount – Mature drivers are able to get a discount up to 10% for Spectra coverage.
• Defensive Driver Discount – Successfully completing a defensive driving class may get you a small discount and also improve your driving technique.
• Military Deployment Discount – Having a family member in the military can result in better premium rates.
• Anti-theft System – Anti-theft and alarm system equipped vehicles prevent vehicle theft and earn discounts up to 10% off your insurance coverage quote.
• Discounts for Multiple Vehicles – Insuring more than one vehicle on the same car insurance policy could earn a price break for each car.
• Organization Discounts – Joining certain professional organizations can get you a small discount on car insurance.
• No Claims – Good drivers with no accidents are rewarded with significantly better rates on insurance coverage quote as compared to frequent claim filers.

You can save money using discounts, but most discounts do not apply to your bottom line cost. A few only apply to specific coverage prices like collision or personal injury protection. So despite the fact that it appears you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

If you would like to choose from a list of car insurance companies with discount rates, click this link.

Do I just need basic coverages?

When buying the right insurance coverage, there really is no “best” method to buy coverage. Every insured’s situation is different so your insurance should reflect that For instance, these questions can aid in determining whether or not you might need professional guidance.

• How high should my medical payments coverage be?
• Do I have coverage for damage caused while driving under the influence?
• Do I need added coverage for expensive stereo equipment?
• Can I get a multi-policy discount for packaging my home and auto coverage?
• How does medical payments coverage work?
• Do I need rental car coverage?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.

Car insurance 101

Having a good grasp of a car insurance policy helps when choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy. These are typical coverage types found on most car insurance policies.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses for X-ray expenses, EMT expenses, chiropractic care, pain medications and ambulance fees. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. They cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and may carry a deductible

Collision coverages – Collision coverage pays to fix your vehicle from damage resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like hitting a parking meter, sideswiping another vehicle, scraping a guard rail, hitting a mailbox and colliding with a tree. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Comprehensive insurance – This coverage 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 things like hail damage, vandalism, damage from getting keyed and hitting a deer. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Kia Spectra.

Because many people carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Usually the UM/UIM limits are set the same as your liablity limits.

Liability insurance – This coverage will cover damage that occurs to people or other property. This insurance protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 100/300/100 which means 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. Another option is one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability can pay for things such as attorney fees, legal defense fees and medical services. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford.

Shop around and save

We’ve covered many tips how you can compare 2005 Kia Spectra insurance premium rates online. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your prices. You may even discover the lowest premium rates are with some of the lesser-known companies. These companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate, Geico and Progressive.

As you go through the steps to switch your coverage, do not reduce needed coverages to save money. In many cases, someone dropped liability limits or collision coverage and found out when filing a claim that they should have had better coverage. Your aim should be to purchase plenty of coverage at an affordable rate, but do not sacrifice coverage to save money.

Even more information is located in these articles:

• How to Avoid Buying a Flooded Car (Insurance Information Insitute)
• Property Damage Coverage (Liberty Mutual)
• Where can I buy Insurance? (Insurance Information Insitute)
• What to do at the Scene of an Accident (Insurance Information Insitute)