How Much Does 2007 Kia Optima Insurance Cost?

Trying to find the cheapest insurance coverage rates for your Kia Optima? Are you sick and tired of trying to scrape together enough money to insure your Kia every month? You’re in the same situation as most other car owners. Multiple car insurance companies compete for your business, so it’s not easy to compare every company to get the lowest rate

It’s a good idea to shop coverage around yearly since insurance rates change quite often. Despite the fact that you may have had the best price on Optima coverage a few years ago you can probably find a better price now. So just forget all the misinformation about insurance coverage because we’re going to show you the best way to save on insurance coverage.

If you have insurance now or are just looking to switch companies, you will benefit by learning to find better prices and possibly find even better coverage. Buying car insurance is not rocket science. Drivers only need to know the most effective way to compare company rates online.

Insurance Prices

There are multiple methods to shop for 2007 Kia Optima insurance, but some are easier and takes less work. You could spend the better part of a day talking to agents in your area, or you could save time and use the internet to quickly compare rates.

Most of the best insurance companies participate in a marketplace that allows shoppers to enter their coverage request one time, and each company returns a competitive quote for coverage. This eliminates the need for quotation requests for each company you want a rate for.

To participate in this free quote system, click to open in new window.

One minor caviat to comparing rates this way is that you can’t choose the providers to get pricing from. So if you prefer to choose specific insurance companies to compare, we have a listing of the cheapest insurance companies in your area. Click here for list of insurance companies.

It’s up to you which method you use, but be sure to compare identical deductibles and coverage limits for each comparison quote. If the quotes have different values for each quote it’s impossible to determine the lowest rate for your Kia Optima.

Lower rates by qualifying for discounts

The price of auto insurance can be rather high, buy you may qualify for discounts to cut the cost considerably. Some trigger automatically when you get a quote, but less common discounts must be inquired about in order for you to get them. If they aren’t giving you every credit possible, you’re just leaving money on the table.

  • Discount for Life Insurance – Companies who offer life insurance give lower rates if you buy life insurance.
  • Theft Prevention System – Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • College Student – Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • 55 and Retired – Mature drivers may be able to get a discount up to 10% on Optima coverage.
  • Multi-car Discount – Having more than one vehicle on the same insurance coverage policy could earn a price break for each car.
  • Sign Online – A handful of insurance companies will give a small break just for signing your application digitally online.
  • New Car Discount – Putting insurance coverage on a new car is cheaper since new cars are generally safer.
  • Multi-policy Discount – When you have multiple policies with one company you may earn at least 10% off all policies.

As a disclaimer on discounts, some credits don’t apply to your bottom line cost. Most cut the price of certain insurance coverages like liability and collision coverage. Just because it seems like all those discounts means the company will pay you, companies wouldn’t make money that way. Any qualifying discounts will reduce your premiums.

For a list of providers offering insurance coverage discounts, click here.

Car insurance is unique, just like you

When it comes to choosing proper insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions may help you determine whether you would benefit from professional advice.

  • What exactly is covered by my policy?
  • Am I covered when using my vehicle for business?
  • Do I have coverage for damage caused while driving under the influence?
  • When should I drop full coverage on my 2007 Kia Optima?
  • How can I get my company to pay me more for my totalled car?
  • What is an SR-22 filing?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • How much can I save by bundling my policies?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

What determines your Kia Optima insurance premium

It’s important that you understand some of the elements that come into play when calculating car insurance rates. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that may reward you with better car insurance rates.

The list below includes a partial list of the pieces companies use to determine rates.

  • Lower rates come with age – Youthful drivers have a tendency to be less responsible behind the wheel so car insurance rates are higher. Adding a young driver to your policy can be very expensive. Older drivers tend to be more responsible, statistically cause fewer accidents and get fewer tickets.
  • Do you know you’re credit rating? – Credit score is a important factor in determining your rates. Drivers with excellent credit tend to file fewer claims and have better driving records than drivers with lower credit scores. So if your credit history is low, you could pay less to insure your 2007 Kia Optima by improving your credit score.
  • Males pay more for insurance – Statistics have proven women are more cautious behind the wheel. Now that doesn’t mean men are worse drivers. They both tend to get into accidents in similar percentages, but the males tend to have more serious accidents. They also receive more costly citations such as reckless driving.
  • Claim-free discounts can add up – If you file claims often, you can definitely plan on either higher rates or even cancellation. Auto insurance companies award cheaper rates to people who are claim-free. Car insurance is meant to be used in the event of major claims that would cause financial hardship.

The insurance bait and switch

Consumers get pounded daily by advertisements for cheaper car insurance from companies such as State Farm, Geico and Progressive. All the ads make the same claim that you can save if you move your policy.

How do they all make almost identical claims? This is how they do it.

Insurance companies can use profiling for the type of driver that makes them money. A good example of a preferred risk could possibly be between the ages of 40 and 55, is a homeowner, and has excellent credit. A customer who fits that profile gets the lowest rates and therefore will save quite a bit of money when switching.

Drivers who don’t meet this ideal profile will have to pay higher prices which usually ends up with business not being written. The ad wording is “customers who switch” not “people who quote” save money. That’s the way companies can make the claims of big savings.

Because of the profiling, you need to get quotes from several different companies. It’s impossible to know which company will have the lowest Kia Optima insurance rates.

Learn about insurance coverages for a Kia Optima

Knowing the specifics of insurance can help you determine appropriate coverage at the best deductibles and correct limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverages offered by insurance companies.

Auto liability insurance

Liability insurance will cover damages or injuries you inflict on other people or property in an accident. It protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Alternatively, you may have one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as repair costs for stationary objects, legal defense fees, emergency aid, structural damage and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Medical payments coverage and PIP

Med pay and PIP coverage pay for short-term medical expenses for pain medications, dental work, hospital visits and doctor visits. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and may carry a deductible

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Auto collision coverage

This covers damage to your Optima resulting from a collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like crashing into a building, rolling your car, colliding with another moving vehicle and crashing into a ditch. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. You can also increase the deductible in order to get cheaper collision rates.

Comprehensive coverage

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for things like a broken windshield, hitting a deer and a tree branch falling on your vehicle. The maximum amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Power to the consumer

Cheap 2007 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 do not offer the ability to get a quote online and these smaller companies work with independent agents.

As you go through the steps to switch your coverage, do not skimp on coverage in order to save money. Too many times, consumers will sacrifice liability coverage limits and found out when filing a claim they didn’t purchase enough coverage. Your aim should be to find the BEST coverage for the lowest price while not skimping on critical coverages.

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