2002 Kia Spectra Insurance Cost – 9 Savings Tips

Want the cheapest auto insurance rates for your Kia Spectra? Do you get exhausted from sacrificing to buy auto insurance? You are in the same boat as many other drivers. Having so many insurance providers from which to choose, it can be challenging to choose the lowest price insurer.

Insurance Discounts

Car insurance is not cheap, but you might already qualify for some discounts that many consumers don’t even know exist. Some discounts will apply when you quote, but less common discounts must be inquired about prior to receiving the credit. If you do not check that you are getting every discount you qualify for, you are just wasting money.

  • Good Students Pay Less – Performing well in school can get you a discount of up to 25%. Many companies even apply the discount to college students well after school through age 25.
  • Passive Restraints – Options like air bags may qualify for discounts of 25 to 30%.
  • Sign Online – A few larger online companies will discount your bill up to fifty bucks for buying a policy and signing up over the internet.
  • Claim-Free Discount – Drivers who don’t have accidents are rewarded with significantly better rates on insurance coverage quote as compared to accident-prone drivers.
  • Driver’s Ed – Require your teen driver to enroll and complete driver’s education as it can save substantially.
  • Savings for New Vehicles – Adding a new car to your policy can get you a discount compared to insuring an older model.
  • Seat Belt Discounts – Using a seat belt and requiring all passengers to fasten their seat belts could cut 10% or more off the PIP or medical payment premium.
  • Employee of Federal Government – Active or retired federal employment could provide a small rate reduction on Spectra coverage with a few insurance companies.
  • Driver Training Discounts – Taking time to complete a course that instructs on driving safety can save you 5% or more if you qualify.

It’s important to note that most credits do not apply to the entire cost. Most only reduce individual premiums such as liability and collision coverage. Even though it appears you would end up receiving a 100% discount, companies wouldn’t make money that way.

To see providers who offer online insurance quotes, click here.

Tailor your insurance coverage to you

When buying adequate coverage, there is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. Here are some questions about coverages that could help you determine if your insurance needs would benefit from professional advice.

  • Can I afford to pay high deductible claims out of pocket?
  • Am I covered when driving someone else’s vehicle?
  • Am I covered if I drive in a foreign country?
  • Why does it cost so much to insure a teen driver?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • How can I force my company to pay a claim?
  • Does my liability insurance cover pulling a trailer or camper?

If you’re not sure about those questions, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.

Truth in auto insurance advertising

Consumers can’t escape the ads for auto insurance savings by companies like State Farm, Allstate and GEICO. They all seem to make the promise that people will save if you just switch your auto insurance policy to them.

How does every company make almost identical claims? This is the trick they use.

Different companies have underwriting criteria for a prospective insured they prefer to insure. For example, a profitable customer could be over the age of 40, owns a home, and has a short commute. Any new insured who fits those characteristics will probably get the lowest prices and therefore will pay quite a bit less when switching companies.

People who don’t meet this stringent profile will have to pay higher premiums and this can result in the customer not purchasing. The ad wording is “drivers that switch” not “everybody who quotes” save that much. That’s why insurance companies can confidently claim big savings.

Because of these techniques, you really should compare rate quotes every year. Because you cannot predict which auto insurance company will give you lower prices than your current company.

Auto insurance policy coverages for a 2002 Kia Spectra

Learning about specific coverages of auto insurance can be of help when determining the best coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Listed below are the usual coverages found on most auto insurance policies.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and also any damage incurred to your Kia Spectra.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for immediate expenses for things like nursing services, doctor visits and hospital visits. They are used in conjunction with a health insurance program or if you lack health insurance entirely. Coverage applies to both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Coverage for liability

This coverage can cover damages or injuries you inflict on other’s property or people in an accident. This insurance protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers claims like repair costs for stationary objects, attorney fees, court costs, bail bonds and pain and suffering. The amount of liability coverage you purchase is up to you, but consider buying as much as you can afford.

Comprehensive insurance

This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things such as hitting a bird, rock chips in glass, vandalism, damage from a tornado or hurricane and falling objects. The most a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision protection

Collision coverage will pay to fix damage to your Spectra resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like backing into a parked car, damaging your car on a curb, hitting a parking meter, sustaining damage from a pot hole and rolling your car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

One last thing about your coverage

When buying insurance coverage, never skimp on coverage in order to save money. Too many times, an insured cut liability coverage limits and discovered at claim time that it was a big mistake. Your aim should be to purchase plenty of coverage at a price you can afford, but do not sacrifice coverage to save money.

We covered a lot of techniques to lower your 2002 Kia Spectra insurance rates. The most important thing to understand is the more companies you get car insurance rates for, the better likelihood of getting inexpensive insurance coverage. Consumers may even find the lowest priced auto insurance comes from some of the lesser-known companies. They often have lower car insurance rates on specific markets compared to the large companies like GEICO and State Farm.

More detailed auto insurance information can be found by following these links: