2005 Kia Optima Car Insurance Cost

Want the cheapest insurance rates for your Kia Optima? Have you had enough of trying to scrape together enough money to buy car insurance? You are in the same boat as most other car owners.

You have multiple car insurance companies to insure vehicles with, and though it is a good thing to have a selection, lots of choices makes it harder to find the lowest cost provider.

Choosing the best insurance company for you is not that difficult. If you currently have a car insurance policy, you will be able to lower your premiums substantially using this strategy. But drivers do need to understand the methods companies use to sell online and use this information to your advantage.

Impacting insurance rates for a Kia Optima

Smart consumers have a good feel for the factors that go into determining car insurance rates. Having a good understanding of what controls the rates you pay enables informed choices that can help you get big savings.

Listed below are some of the factors car insurance companies consider when setting your rates.

  • Consolidate policies to earn discounts – The majority of companies will give a discount to insureds who carry more than one policy in the form of a multi-policy discount. Even if you’re getting this discount it’s still a good idea to shop around to make sure you are getting the best deal.
  • Liability coverage is cheap – Liability insurance is the protection when a jury decides you are liable for damages caused by your negligence. Liability insurance provides legal defense which can be incredibly expensive. Liability insurance is quite affordable compared to physical damage coverage, so do not cut corners here.
  • Your car insurance rates can be influenced by your job – Occupations such as real estate brokers, architects and dentists are shown to have the highest average rates due to high stress and lots of time spent at work. Other occupations such as farmers, historians and retirees pay the least on Optima coverage.
  • Never let your coverage lapse – Not having insurance is illegal and you will pay a penalty because you let your coverage have a gap. And not only will your rates increase, but being ticketed for driving with no insurance can result in a hefty fine and possibly a revoked license.You may have to prove you have insurance by filing a SR-22 with your state DMV.
  • The more you drive the more you pay – The more you drive every year the more you’ll pay to insure your vehicle. Most insurance companies charge to insure your cars determined by how the vehicle is used. Cars and trucks used primarily for pleasure use get more affordable rates than those used for commuting. Double check that your car insurance policy shows the correct driver usage. Incorrect usage on your Optima may be costing you.
  • Marriage pays dividends – Being married actually saves money on car insurance. Having a spouse means you’re more mature and it’s proven that married couples file fewer claims.
  • Cautious drivers pay less – Drivers who don’t get tickets receive lower rates compared to drivers with tickets. Just one moving violation can bump up the cost by as much as thirty percent. Drivers with flagrant tickets such as DUI or reckless driving are required to submit a SR-22 form with their state motor vehicle department in order to keep their license.

Discounts are available to cut your rates

Companies don’t always advertise all available discounts in a way that’s easy to find, so we took the time to find some of the more common and also the lesser-known ways to save on insurance.

  • Service Members Pay Less – Having a family member in the military may qualify for rate reductions.
  • No Charge for an Accident – A handful of insurance companies will allow you to have one accident before raising your premiums as long as you don’t have any claims for a certain period of time.
  • Anti-theft Discount – Vehicles with anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
  • Drivers Education – Cut your cost by having your teen driver successfully complete driver’s ed class if offered at their school.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles can reduce accidents and qualify for as much as a 10% discount.
  • Drive Safe and Save – Drivers who don’t get into accidents can get discounts for up to 45% lower rates on Optima coverage than drivers with accidents.
  • Homeowners Pay Less – Owning a home may trigger a insurance policy discount due to the fact that maintaining a home shows financial diligence.
  • Federal Employees – Simply working for the federal government can save as much as 8% on Optima coverage depending on your company.

Drivers should understand that most discount credits are not given to your bottom line cost. Most only apply to the price of certain insurance coverages like comp or med pay. Just because it seems like all the discounts add up to a free policy, companies wouldn’t make money that way.

For a list of insurers with the best insurance discounts, follow this link.

Everyone needs different coverages

When choosing proper insurance coverage for your vehicles, there really is not a single plan that fits everyone. Every insured’s situation is different so this has to be addressed. These are some specific questions might point out whether or not you will benefit from professional help.

  • Am I covered if I break a side mirror?
  • How much liability coverage do I need in my state?
  • Are all vehicle passengers covered by medical payments coverage?
  • Is business property covered if stolen from my car?
  • Is my dog or cat covered if injured in an accident?
  • What is the ISO rating for a 2005 Kia Optima?
  • Do I need an umbrella policy?
  • Is pleasure use cheaper than using my 2005 Kia Optima to commute?
  • Is upholstery damage covered by car insurance?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area.

Car insurance 101

Knowing the specifics of auto insurance helps when choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. These are typical coverages found on the average auto insurance policy.

Comprehensive protection – Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as vandalism, damage from getting keyed, damage from a tornado or hurricane and damage from flooding. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverages – Collision coverage covers damage to your Optima caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as driving through your garage door, hitting a mailbox, damaging your car on a curb and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible to save money on collision insurance.

Liability coverage – Liability coverage can cover injuries or damage you cause to other’s property or people in an accident. This coverage protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims such as funeral expenses, repair bills for other people’s vehicles and repair costs for stationary objects. How much liability should you purchase? That is up to you, but buy higher limits if possible.

Medical expense coverage – Med pay and PIP coverage kick in for immediate expenses such as hospital visits, surgery and pain medications. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Uninsured or underinsured coverage – This coverage gives you protection 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 Optima.

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. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Stretch your dollar

Cheaper 2005 Kia Optima insurance can be found online and also from your neighborhood agents, and you need to comparison shop both in order to have the best chance of saving money. There are still a few companies who may not provide you the ability to get quotes online and these small, regional companies work with independent agents.

Throughout this article, we presented some good ideas how you can reduce insurance prices 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 even discover the biggest savings come from a company that doesn’t do a lot of advertising. Regional companies can often insure niche markets at a lower cost than the large multi-state companies such as Progressive and Geico.

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