Lower Your 2004 Kia Spectra Insurance Cost

Sick and tired of sacrificing other expenses to buy auto insurance? Your situation is no different than many other consumers.

Lots of insurers contend for your insurance dollar, so it’s not easy to compare every provider and uncover the absolute best price available.

It’s a great practice to take a look at other company’s rates as often as possible since prices change frequently. If you had the lowest rates for Spectra coverage two years ago you will most likely find a better premium rate today. Ignore everything you know about auto insurance because you’re about to learn the things you must know in order to reduce your cost while increasing coverage.

Find hidden discounts on insurance

Insuring your fleet can be pricey, but you may find discounts that you may not know about. A few discounts will automatically apply at the time of quoting, but some must be inquired about before they will apply.

  • Sign Online – Many companies give back up to $50 get auto insurance digitally online.
  • Discount for Life Insurance – Not all insurance carriers offer life insurance, but some may give you better insurancerates if you take out a life insurance policy as well.
  • Payment Method – If paying your policy premium upfront rather than paying monthly you could save up to 5%.
  • Memberships – Being a member of a qualifying organization could qualify you for a break on your next insurance statement.
  • Own a Home and Save – Just being a homeowner may earn you a small savings because owning a home requires a higher level of personal finance.
  • Safe Driver Discounts – Safe drivers may save up to 50% more for Spectra coverage than drivers with accidents.
  • Multi-car Discount – Buying insurance for multiple cars or trucks on the same insurance policy can get a discount on all vehicles.
  • Braking Control Discount – Cars and trucks equipped with ABS or steering control can reduce accidents and the ABS can save up to 10%.
  • Discount for Good Grades – This discount can save 20 to 25%. The discount lasts up to age 25.
  • Telematics Discount – Insureds who allow driving data collection to analyze driving habits by using a telematics device like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates as long as the data is positive.

Discounts lower rates, but most discounts do not apply to the overall cost of the policy. Most only apply to individual premiums such as liability, collision or medical payments. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way.

To view providers that provide some of the discounts listed above, click this link.

Eight tips to get lower-cost insurance costs

When buying car insurance it’s important to understand the different types of things that play a part in calculating car insurance rates. When consumers understand what positively or negatively impacts your premiums, this helps enable you to make changes that can help you get cheaper rates.

  • Discounts for multiple policies – Many insurance companies apply discounts for people who have multiple policies with them such as combining an auto and homeowners policy. Discounts can be anywhere from five to ten percent in most cases. Even with this discount, it’s still a good idea to compare other insurance prices to make sure you are getting the best deal.There is a chance you can save even more than the discount by buying from different companies
  • Mature drivers save more – Beginning drivers are statistically shown to get distracted easily when at the wheel of a vehicle and because of this, their car insurance rates are much higher. Having to add a teen driver onto your car insurance will cause a huge premium hike. Older drivers have been proven to be more responsible, tend to cause fewer accidents , and usually have better credit.
  • Cautious drivers pay less – Being a careful driver influences premium rates substantially. Drivers who don’t get tickets tend to pay less for car insurance compared to bad drivers. Having a single chargable violation could increase your next policy renewal forty percent or more. Drivers who have received multiple violations such as DUI or reckless driving might be required by their state to prove financial responsibility with the DMV in their state in order to prevent their license from being revoked.
  • Your address can modify price – Residing in smaller towns and rural areas of the country is a positive aspect when shopping for auto insurance. People who live in big cities have to deal with more traffic problems and much longer commute distances. Less people means reduced accidents in addition to fewer liability claims.
  • Better rates for no policy lapses – Having a lapse in insurance coverage can be a fast way to bump up your car insurance costs. Not only will rates go up, failure to provide proof of insurance might get you a hefty fine and possibly a revoked license.
  • Credit history impacts premium costs – Credit score can be an important factor in determining what you pay for car insurance. Therefore, if your credit rating could use some work, you may save money insuring your 2004 Kia Spectra by repairing your credit. Drivers who have high credit scores tend to be more responsible and file fewer claims than drivers who have lower ratings.
  • Pay more out-of-pocket – Insurance for physical damage, aka comp and collision, insures against damage to your Kia. Some examples of covered claims would be colliding with a building, hitting a deer, and windstorm damage. Physical damage deductibles are how much you are required to spend out-of-pocket if a covered claim is submitted. The more of the claim the insured is willing to pay, the less your company will charge you for insurance for Spectra coverage.
  • Vehicle options that lower rates – Purchasing a vehicle with a theft deterrent system can save you some money. Theft prevention features like OnStar, LoJack tracking, and tamper alarms can thwart auto theft and help lower rates.

Tailor your auto insurance coverage to you

When it comes to choosing the right insurance coverage for your vehicles, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs so this has to be addressed. These are some specific questions can aid in determining if you may require specific advice.

  • Do I pay less if my vehicle is kept in my garage?
  • What is the rate difference between pleasure use and commuting?
  • Should I carry comprehensive and collision coverage?
  • Does my liability insurance cover pulling a trailer or camper?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Do I need motorclub coverage?
  • When would I need additional glass coverage?
  • How much liability do I need to cover my assets?
  • Can I afford to pay high deductible claims out of pocket?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Are you falling for claims of savings?

Auto insurance providers like State Farm, Allstate and GEICO continually stream television, radio, and online ads. They all seem to state the claim that people will save if you move your policy. Is it even possible that every company can charge you a lower premium? It’s all in how they say it.

Insurance providers give the best rates for a prospective insured that will not have excessive claims. For instance, this type of insured might have to be a married female, has no tickets, and the vehicle is rated for pleasure use. Any driver who matches that profile will get very good rates and as a result will probably save money with a new company.

Insureds who are not a match for the ideal profile will probably be forced to pay higher premium rates which results in the customer not buying. If you pay close attention to the ads, they say “drivers that switch” not “all people who quote” save that much. That’s the way insurance companies can confidently make claims that they all have the best rates.

Because each company has a different risk profile, drivers should compare rate quotes every year. It’s not possible to predict the company that will have the best prices at this point in time.

Auto insurance coverages

Understanding the coverages of your insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types found on most insurance policies.

Coverage for liability – Liability coverage will cover damage that occurs to other’s property or people by causing an accident. It protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000. Another option is one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as loss of income, bail bonds, pain and suffering, medical expenses and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible.

Comprehensive insurance – This will pay to fix damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things such as a tree branch falling on your vehicle, damage from flooding, rock chips in glass, hail damage and vandalism. The maximum payout your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage – This will pay to fix damage to your Spectra resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as driving through your garage door, crashing into a ditch, crashing into a building, scraping a guard rail and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage provide coverage for short-term medical expenses for funeral costs, ambulance fees, rehabilitation expenses and surgery. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. It covers all vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Do the work, save more money

Throughout this article, we presented a lot of techniques to shop for 2004 Kia Spectra insurance online. The most important thing to understand is the more times you quote, the better your comparison will be. Consumers may even find the biggest savings come from an unexpected company. These companies may have significantly lower prices on certain market segments as compared to the big name companies such as State Farm or Progressive.

When buying insurance coverage, you should never skimp on critical coverages to save a buck or two. There have been many cases where drivers have reduced liability coverage limits and found out when filing a claim that it was a big error on their part. The aim is to purchase a proper amount of coverage at the lowest possible cost while not skimping on critical coverages.

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