2008 Kia Optima Insurance Cost

Trying to find lower insurance coverage rates for your Kia Optima? Wish you could get out of an underperforming, overpriced insurance coverage policy? Trust us when we tell you there are a lot of people just like you who feel imprisoned by their insurance coverage policy.

Popular companies such as Geico and Progressive constantly bombard you with ads and it can be hard to ignore the propoganda and find the best price available.

It is always a good idea to compare prices yearly since insurance prices are rarely the same from one policy term to another. Just because you found the best rates for Optima insurance at your last renewal you may be paying too much now. There is a lot of bad advice regarding insurance coverage out there, but you can learn some proven techniques to lower your insurance coverage bill.

Pay discount rates these money-saving discounts

Not too many consumers would say auto insurance is affordable, but you may be missing some discounts that could help you make your next renewal payment. Larger premium reductions will be automatically applied when you quote, but less common discounts must be asked about prior to getting the savings. If you aren’t receiving every discount possible, you are throwing money away.

• Early Renewal Discounts – Some insurance companies reward drivers for buying a new policy before your current policy expires. It can save you around 10%.
• ABS Braking Discount – Anti-lock brake equipped vehicles are much safer to drive and the ABS can save up to 10%.
• Clubs and Organizations – Being in qualifying employment or professional organizations could earn you a nice discount on auto insurance.
• Good Grades Discount – Getting good grades may save you up to 25%. Most companies allow this discount until age 25.
• Data Collection Discounts – Drivers who elect to allow data collection to spy on driving habits through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive could see a rate decrease as long as they are good drivers.
• Discount for Low Mileage – Maintaining low annual mileage may enable drivers to earn lower auto insurancerates due to less chance of an accident.
• Sign Online – Certain companies will give a small break for signing up over the internet.

A quick disclaimer, some of the credits will not apply to your bottom line cost. Most only apply to the cost of specific coverages such as medical payments or collision. If you do the math and it seems like adding up those discounts means a free policy, companies wouldn’t make money that way.

The best auto insurance companies and their possible discounts include:

• Progressive discounts include continuous coverage, homeowner, good student, online signing, multi-policy, and multi-vehicle.
• Geico has savings for defensive driver, anti-lock brakes, daytime running lights, multi-vehicle, five-year accident-free, good student, and air bags.
• State Farm offers discounts for passive restraint, good driver, multiple policy, Drive Safe & Save, Steer Clear safe driver discount, and student away at school.
• Esurance may include discounts for multi-car, claim free, online quote, anti-lock brakes, good driver, and DriveSense.
• The Hartford includes discounts for defensive driver, air bag, bundle, good student, anti-theft, vehicle fuel type, and driver training.

When comparing rates, check with all companies you are considering the best way to save money. Some of the discounts discussed earlier might not be offered in your state.

Compare car insurance price quotes

When comparison shopping, there are several ways to compare prices from lots of car insurance companies. The simplest method to compare Kia Optima insurance prices is simply to get online rate quotes. This is quite simple and can be completed using a couple different methods.

1. The fastest way to get quotes is an all-inclusive rate comparison like this one (opens in new window). This form keeps you from doing separate quotation requests for every company. In just a few minutes this one form gets insurance cost estimates from all major companies.
2. A harder way to shop for car insurance online is spending the time to visit the website for each individual company and fill out a new quote form. For sake of this example, we’ll assume you want to get rates from Auto-Owners, Allstate and GMAC. You would have to go to each individual site and repeatedly type in your coverage information, which is why most consumers use the first method. To view a list of companies in your area, click here.

Take whichever approach you prefer, but make sure you compare exactly the same information for each quote you get. If you have different deductibles you can’t possibly get a fair rate comparison. Slightly different insurance coverages could skew the results. Keep in mind that comparing more quotes helps improve the odds of finding better pricing.

Buy Kia Optima insurance more affordably

It’s important that you understand a few of the rating criteria that come into play when calculating insurance rates. If you understand what controls the rates you pay, this enables informed choices that may result in much lower annual insurance costs.

Listed below are just a few of the factors companies use to determine your rate level.

• Pay more by driving carelessly – How you drive impacts your car insurance rates tremendously. Only having one moving violation may increase your cost forty percent or more. Drivers who don’t get tickets get better prices than their less careful counterparts. People who have careless violations like reckless driving, hit and run or driving under the influence are required to prove financial responsibility with their state’s licensing department in order to drive a vehicle legally.
• Premiums drop with age – Teen drivers are statistically shown to be inattentive and easily distracted with other occupants in the car therefore insurance rates are much higher. Older insureds are shown to be more cautious, file fewer claims .
• Vehicles with better crash test results cost less to insure – Safe vehicles cost less to insure. These vehicles reduce injuries and reduced instances of injuries means lower claim amounts and more competitive rates for policyholders.
• Never allow your coverage to lapse – Letting your insurance expire is a guaranteed way to bump up your insurance costs. Not only will rates go up, getting caught without coverage might get you fines and jail time.

Do I need special coverages?

When it comes to buying the right insurance coverage for your vehicles, there is no “best” method to buy coverage. Everyone’s situation is unique and your policy should reflect that. These are some specific questions may help you determine whether your personal situation would benefit from an agent’s advice.

• How do I insure my teen driver?
• Is my cargo covered for damage or theft?
• Are rental cars covered under my policy?
• Do I need replacement cost coverage?
• Is my teenager covered with friends in the car?
• Are my friends covered when driving my car?
• Can my babysitter drive my car?
• Am I covered if hit by an uninsured driver?

If it’s difficult to answer those questions, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Educate yourself about car insurance coverages

Understanding the coverages of a car insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. These are typical coverage types found on the average car insurance policy.

Collision protection

Collision coverage will pay to fix damage to your Optima resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as colliding with another moving vehicle, sustaining damage from a pot hole, hitting a mailbox and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also increase the deductible to bring the cost down.

Liability auto insurance

Liability coverage will cover damage that occurs to other people or property in an accident. It protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Another option is a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers things like attorney fees, repair costs for stationary objects, court costs, bail bonds and pain and suffering. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.

Comprehensive protection

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like theft, damage from flooding, hitting a deer and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like funeral costs, doctor visits, EMT expenses and chiropractic care. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your Kia Optima.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Usually these coverages are similar to your liability insurance amounts.

Final considerations

While you’re price shopping online, you should never reduce needed coverages to save money. There are a lot of situations where someone sacrificed liability limits or collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy enough coverage at the best price while not skimping on critical coverages.

We just covered a lot of information how to shop for 2008 Kia Optima insurance online. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. You may be surprised to find that the lowest prices are with some of the lesser-known companies. Some small companies may cover specific market segments cheaper as compared to the big name companies such as State Farm or Progressive.

Budget-conscious 2008 Kia Optima insurance can be purchased online and with local insurance agents, so you need to quote car insurance with both to have the best rate selection. Some companies do not offer the ability to get quotes online and many times these smaller providers work with independent agents.

To read more, link through to the articles below:

• Vehicle Size and Weight FAQ (iihs.org)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• How to Avoid Staged Accidents (State Farm)
• Side Impact Crash Tests (iihs.org)
• Coverage Information (Progressive Insurance)