Cheap 2007 Kia Optima Insurance Cost

Finding lower priced auto insurance may seem to be intimidating for drivers who are new to buying their auto insurance on the internet. With such a large number of online companies, how can drivers possibly compare each option to find lower auto insurance premiums?

You need to do rate comparisons quite often because auto insurance prices go up and down regularly. If you had the best rates for Optima coverage a year ago the chances are good that you can find a lower rate quote today. Forget all the misinformation about auto insurance because it’s time to teach you the quickest way to properly buy coverages and cut your premium.

If you are paying for car insurance now, you stand a good chance to be able to lower your premiums substantially using these techniques. The purpose of this post is to help you learn how car insurance quotes work and some money-saving tips. But drivers need to have an understanding of how the larger insurance companies sell insurance online.

The Kia Optima insurance price equation

Many things are part of the equation when quoting car insurance. Some factors are common sense like an MVR report, but other factors are more obscure such as whether you are married or how safe your car is.When buying insurance coverage it’s important to understand the rating factors that help determine your policy premiums. When you know what positively or negatively positively or negatively impacts your premiums, this enables you to make decisions that will entitle you to cheaper rates.

The following are a few of the things used by companies to determine your prices.

• Always keep your policy in place – Not maintaining insurance is illegal and you will pay a penalty because you let your coverage have a gap. Not only will you pay higher rates, not being able to provide proof of insurance might get you a license revocation or jail time. Then you may be required to file a SR-22 with your state motor vehicle department to get your license reinstated.
• Drive fewer miles and save – Driving a lot of miles in a year’s time the more you will pay for insurance coverage. Almost all companies calculate rates based upon how much you drive. Cars and trucks that have low annual miles can be on a lower rate level than those that get driven frequently. It’s always a good idea to double check that your insurance coverage policy properly reflects how each vehicle is driven, because it can save money. Incorrect rating for your Optima is throwing money out the window.
• Excellent credit means lower prices – A driver’s credit score will be a significant factor in your rate calculation. If your credit score can use some improvement, you could potentially save money when insuring your 2007 Kia Optima by spending a little time repairing your credit. Insureds with excellent credit scores tend to be better risks to insure than drivers with bad credit.
• More stress means more cost – Careers like lawyers, executives and dentists generally pay the highest rates because of stressful work requirements and lots of time spent at work. On the other hand, professions such as scientists, historians and the unemployed generally pay rates lower than average for Optima coverage.
• Pay less with a high IIHS safety rating – Vehicles that have high safety ratings tend to have lower insurance rates. Vehicles built for safety protect occupants better and lower rates of occupant injuries means your insurance company pays less and cheaper rates on your policy. If your Kia scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may pay a lower rate.
• Multiple policies with one company – Many insurance coverage companies give lower prices to clients who buy several policies from them such as combining an auto and homeowners policy. Even if you’re getting this discount you may still want to compare rates to guarantee you are still saving the most. Consumers may find better rates by insuring with multiple companies.

More affordable rates with these discounts

The price of auto insurance can be rather high, but you might be missing out on some discounts that could help you make your next renewal payment. Some of these disounts will be visible when you purchase, but lesser-known reductions have to be specially asked for before you get the savings.

• Own a Home – Owning a home can save a few bucks due to the fact that maintaining a home requires a higher level of personal finance.
• Service Members Pay Less – Being on active duty in the military could qualify you for better rates.
• Auto/Home Discount – When you have multiple policies with the same insurance company you could save at least 10 to 15 percent or more.
• Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% off the medical payments premium.
• ABS and Traction Control Discounts – Cars and trucks with ABS and/or traction control are much safer to drive and earn discounts up to 10%.
• Defensive Driver – Taking a course teaching safe driver skills is a good idea and can lower rates and also improve your driving technique.
• Claim-Free Discount – Drivers who don’t have accidents are rewarded with significantly better rates on insurance quote compared to insureds who have frequent claims or accidents.
• Renewal Discounts – A few companies allow discounts for switching policies before your current expiration date. It could save around 10% when you buy insurance online.

Consumers should know that most credits do not apply to your bottom line cost. Most only reduce the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears it’s possible to get free car insurance, that’s just not realistic.

If you would like to see a list of insurance companies with the best discounts, click this link.

Car insurance can be complex

When it comes to buying coverage, there is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

For instance, these questions can help discover if your situation could use an agent’s help.

• Should I bundle my homeowners policy with my auto?
• Do I pay less for low miles?
• What vehicles should carry emergency assistance coverage?
• Do I need replacement cost coverage on my 2007 Kia Optima?
• Is upholstery damage covered by car insurance?
• Can my teen driver be rated on a liability-only vehicle?
• I have good health insurance, so how much medical payments coverage do I need?
• How can I find cheaper teen driver insurance?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form.

The coverage is in the details

Knowing the specifics of your insurance policy can be of help when determining the best coverages and proper limits and deductibles. Policy terminology can be confusing and nobody wants to actually read their policy.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for funeral costs, rehabilitation expenses and dental work. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Collision coverage

This covers damage to your Optima caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like driving through your garage door, sideswiping another vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries and damage to your Kia Optima.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Frequently the UM/UIM limits are set the same as your liablity limits.

Comprehensive insurance

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like a broken windshield, fire damage and vandalism. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Auto liability

This coverage will cover damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability insurance covers claims like pain and suffering, medical expenses, court costs, repair bills for other people’s vehicles and loss of income. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

Be a penny pincher

When buying insurance coverage, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are a lot of situations where someone sacrificed liability coverage limits and found out when filing a claim that it was a big mistake. The ultimate goal is to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

Insureds switch companies for a number of reasons such as poor customer service, an unsatisfactory settlement offer, delays in paying claims and even being labeled a high risk driver. It doesn’t matter what your reason, finding a great new company can be easy and end up saving you some money.

We covered a lot of tips how to compare 2007 Kia Optima insurance prices online. The most important thing to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may discover the lowest prices come from the least-expected company.

Additional information is available at these links:

• What if I Can’t Find Coverage? (Insurance Information Insitute)
• Who Has Cheap Jacksonville Auto Insurance Quotes for a Kia Optima? (JacksonvilleCoverage.com)
• Choosing an Insurance Company (Insurance Information Insitute)
• Distracted Driving Statistics (Insurance Information Insitute)
• Insuring a Leased Car (Insurance Information Insitute)
• Safety Tips for Teen Drivers (Insurance Information Insitute)