2005 Kia Optima Car Insurance Cost – 9 Savings Tips

High-priced Kia Optima insurance can bottom out your monthly budget and maybe even restrict other spending. Companies like GEICO, 21st Century and Progressive all claim big savings, bombarding you with ads and it can be hard to ignore the flying pigs and cute green geckos and take the time to shop coverage around.

Lower rates by qualifying for these nine discounts

Car insurance companies do not list all available discounts very well, so the following list contains both well-publicized as well as some of the hidden credits that may apply to you.

  • ABS Braking Discount – Anti-lock brake equipped vehicles prevent accidents and therefore earn up to a 10% discount.
  • Driver’s Ed – Teen drivers should participate in a local driver’s education class as it will make them better drivers and lower rates.
  • 55 and Retired – Drivers that qualify as senior citizens are able to get reduced rates on Optima insurance.
  • Good Students Pay Less – Excelling in school could provide a savings of up to 20% or more. This discount can apply well after school through age 25.
  • Telematics Data Discounts – Insureds that choose to allow driving data collection to scrutinize driving habits by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates if they exhibit good driving behavior.
  • Payment Discounts – By making one initial payment instead of monthly or quarterly installments you may have a lower total premium amount.
  • Save with a New Car – Buying insurance coverage on a new vehicle may earn a small discount due to better safety requirements for newer models.
  • No Accidents – Drivers with accident-free driving histories are rewarded with significantly better rates on insurance quote in comparison with policyholders that have many claims.
  • Bundle and Save – If you insure your home and vehicles with the same insurance company you may save at least 10% off all policies.

You should keep in mind that most of the big mark downs will not be given to your bottom line cost. Most cut the cost of specific coverages such as collision or personal injury protection. So even though you would think all those discounts means the company will pay you, companies wouldn’t make money that way.

Car insurance companies that may offer policyholders most of these discounts include:

If you need lower rates, check with all the companies how you can save money. Some credits might not be offered in your state. To find companies that provide some of the discounts listed above, follow this link.

How to compare free car insurance rate quotes

Shopping for lower car insurance rates can be challenging if you don’t know the most efficient way. You can spend countless hours driving to agents in your area, or you could use the web to get pricing more quickly.

Most of the larger companies take part in a program that enables customers to send in one quote, and every company can give them a price based on that data. This system prevents you from having to do repetitive form submissions for every car insurance company.

To compare pricing click here to open in new window.

One minor caviat to getting quotes like this is you don’t know exactly which carriers you will receive quotes from. So if you want to select individual companies to compare rates, we put together a list of low cost car insurance companies in your area. Click here for list of insurance companies.

You can choose any of those ways to find more affodable coverage, but do your best to use apples-to-apples coverages and limits for each comparison quote. If you have mixed coverages it’s impossible to truly determine the lowest rate.

Insurance is unique, just like you

When it comes to buying coverage, there is no “perfect” insurance plan. Every situation is different so your insurance needs to address that. Here are some questions about coverages that may help highlight whether your personal situation will benefit from professional help.

  • Are my tools covered if they get stolen from my vehicle?
  • I have health insurance so do I need medical payments coverage?
  • Do I have coverage when pulling a U-Haul trailer?
  • If I drive on a suspended license am I covered?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Do I really need UM/UIM coverage?
  • Is business equipment covered while in my vehicle?
  • Can I rate high risk drivers on liability-only vehicles?

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 agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.

Car insurance 101

Understanding the coverages of a auto insurance policy can be of help when determining the best coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. These are the normal coverages offered by auto insurance companies.

Comprehensive protection

This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like a broken windshield, a tree branch falling on your vehicle, hitting a bird and damage from flooding. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Kia Optima.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Liability coverage

This coverage protects you from damages or injuries you inflict on a person or their property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 100/300/100 that translate to a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability can pay for claims like emergency aid, court costs and attorney fees. The amount of liability coverage you purchase is up to you, but buy as high a limit as you can afford.

Collision protection

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as backing into a parked car, sideswiping another vehicle, driving through your garage door and hitting a parking meter. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for bills like doctor visits, funeral costs and prosthetic devices. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants as well as being hit by a car walking across the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

At the end of the day…

Discount 2005 Kia Optima insurance is available on the web and with local insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers may not offer online price quotes and most of the time these regional insurance providers prefer to sell through local independent agents.

While you’re price shopping online, it’s not a good idea to buy lower coverage limits just to save a few bucks. There have been many cases where an insured dropped liability coverage limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy enough coverage at the best price and still be able to protect your assets.

Additional detailed information can be read by following these links: