Compare 2007 Kia Optima Insurance Rates

Searching for better car insurance rates for your Kia Optima? Having to pay for overpriced car insurance can overdraw your savings account and put a big crunch on your finances. Shopping your coverage around is a smart way to lower your monthly bill.

You have multiple insurers to buy insurance from, and although it’s a good thing to have a choice, too many choices makes it more difficult to compare rates and find the lowest cost car insurance.

It’s a great practice to price shop coverage yearly because insurance rates fluctuate regularly. Just because you found the lowest rates for Optima coverage a year ago you will most likely find a better rate today. Forget anything you know (or think you know) about car insurance because you’re about to find out the fastest way to find better coverage at a better price.

How to Buy Insurance Online

Shopping for lower insurance rates can be a lot of work if you don’t utilize the best way to get rate quotes. You could waste time driving to agents in your area, or you could use online quotes to get the quickest rates.

Most major companies participate in an industry program that enables customers to submit one quote, and at least one company can give them a price based on that data. This system prevents you from having to do quotation requests to each company.

To enter your information into the quoting system, click here to open in new window.

The one downside to pricing coverage this way is that you can’t choose the insurers you want to price. If you wish to select specific insurance companies to compare prices, we put together a list of low cost insurance companies in your area. Click to view list.

It’s up to you which method you use, but double check that you are using the exact same coverages with each company. If you use unequal deductibles or liability limits it will be very difficult to determine which rate is truly the best. Quoting even small variations in coverage limits can make a big difference in price. Just remember that having more price comparisons gives you a better chance of getting a lower rate.

Pay less by taking advantage of discounts

Companies don’t always list every available discount very well, so the following is a list of some of the more common as well as the least known discounts you could be receiving.

  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if it’s offered in school.
  • Discount for Life Insurance – Select insurance companies reward you with lower rates if you buy life insurance.
  • Discount for New Cars – Adding a new car to your policy can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Low Mileage – Keeping the miles down on your Kia could qualify for discounted rates on garaged vehicles.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and will save you 10% or more.

It’s important to understand that most of the big mark downs will not be given to the entire cost. A few only apply to the cost of specific coverages such as comp or med pay. So when it seems like it’s possible to get free car insurance, you won’t be that lucky.

For a list of providers who offer insurance coverage discounts, click this link.

Your coverage should be tailored to you

When it comes to choosing the right insurance coverage, there really is not a single plan that fits everyone. Everyone’s needs are different and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover if your insurance needs could use an agent’s help.

  • Will I lose any money if I cancel my policy before it expires?
  • Is a blown tire covered by insurance?
  • When would I need rental car insurance?
  • Are my friends covered when driving my car?
  • Where can I find high-risk insurance?
  • Can I drive in Mexico and have coverage?
  • What can I do if my company won’t pay a claim?
  • How high should my medical payments coverage be?
  • What is an SR-22 filing?
  • How do I insure my teen driver?

If you’re not sure about those questions, you may need to chat with an agent. To find an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area.

Complexity of Kia Optima insurance rates

It’s important that you understand the different types of things that go into determining the rates you pay for insurance coverage. Understanding what determines base rates enables informed choices that can help you get big savings.

  • Mature drivers pay less – Youthful drivers have a tendency to be more careless behind the wheel so they pay higher insurance coverage rates. If you’ve ever had to add a young driver to your insurance coverage policy can be quite pricey. Older drivers are viewed as being more responsible, file fewer claims and tend to be better behind the wheel.
  • Credit scores impact insurance coverage rates – A driver’s credit score is a large factor in calculating your insurance coverage rates. Therefore, if your credit is lower than you’d like, you could potentially save money when insuring your 2007 Kia Optima by repairing your credit. Consumers who have excellent credit tend to be less risk to insure as compared to drivers with poor credit.
  • Women pay lower rates – The statistics show women are more cautious behind the wheel. However, don’t assume that men are worse drivers. They both cause accidents at a similar rate, but the males cause more damage and cost insurance companies more money. They also get more serious tickets such as DWI and reckless driving.
  • More people means more accidents – Being located in less populated areas has it’s advantages when talking about insurance coverage. Fewer people means fewer accidents and also fewer theft and vandalism claims. Drivers who live in large cities have congested traffic and a longer drive to work. More time commuting means higher likelihood of an accident.
  • Low deductibles can be expensive – Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your Kia. Examples of covered claims could be running into the backend of another car, vandalism, and windstorm damage. Deductibles for physical damage are how much you are willing to pay out-of-pocket before a claim is paid by your company. The more expense you’re willing to pay, the lower your rates will be for Optima coverage.

Specific coverages for a Kia Optima

Having a good grasp of car insurance can be of help when determining the best coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types available from car insurance companies.

Auto liability

Liability coverage can cover damages or injuries you inflict on other people or property that is your fault. This insurance protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability insurance covers things such as funeral expenses, pain and suffering and repair costs for stationary objects. How much coverage you buy is up to you, but it’s cheap coverage so purchase as much as you can afford.

Auto collision coverage

This covers damage to your Optima resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims such as hitting a parking meter, crashing into a ditch and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Comprehensive coverages

This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as rock chips in glass, damage from flooding, falling objects and fire damage. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured and underinsured coverage

Your UM/UIM 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 only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Coverage for medical payments

Coverage for medical payments and/or PIP kick in for bills such as pain medications, hospital visits, EMT expenses, dental work and funeral costs. The coverages can be used in conjunction with a health insurance program or if you lack health insurance entirely. It covers both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Final thoughts

Cost effective 2007 Kia Optima insurance is possible both online and with local insurance agents, so you should be comparing quotes from both to have the best selection. There are still a few companies who do not offer online quoting and most of the time these small insurance companies sell through independent agents.

In this article, we presented a lot of tips how to lower your insurance rates. The key concept to understand is the more companies you get rates for, the higher the chance of saving money. Consumers could even find that the best prices 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 State Farm and Allstate.

When shopping online for car insurance, do not buy poor coverage just to save money. There are a lot of situations where an insured cut full coverage and learned later that it was a big error on their part. The proper strategy is to get the best coverage possible for the lowest price while still protecting your assets.

Much more information about car insurance can be read at these links: