Cheaper 2003 Kia Optima Insurance Cost

Perplexed by the number of insurance choices? You have a lot of company. Drivers have so many options available that it can be a lot of work to compare prices.

How to save on 2003 Kia Optima insurance

Insurance can cost an arm and a leg, buy you may qualify for discounts to help bring down the price. Certain discounts will be applied at quote time, but lesser-known reductions have to be asked about prior to receiving the credit.

  • Multi-policy Discount – If you have multiple policies with the same insurance company you could get a discount of up to 20% off your total premium.
  • Military Discounts – Having a family member in the military could be rewarded with lower premiums.
  • Theft Prevention Discount – Anti-theft and alarm systems can help prevent theft and will save you 10% or more.
  • Discount for New Cars – Buying coverage on a new vehicle is cheaper since new cars are generally safer.
  • Pay Now and Pay Less – By paying your policy upfront rather than paying monthly you could save 5% or more.
  • Defensive Driver – Taking part in a course in driver safety could possibly earn you a 5% discount if your company offers it.
  • Senior Discount – If you’re over the age of 55, you may qualify for reduced rates on Optima coverage.
  • No Charge for an Accident – Certain companies will allow you to have one accident before raising your premiums if you are claim-free prior to the accident.
  • Discount for Swiching Early – A few companies offer discounts for buying a policy before your current expiration date. The savings is around 10%.
  • Sign Online – Certain companies give back up to $50 for buying your policy digitally online.

A little note about advertised discounts, most discount credits are not given to the entire policy premium. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like all the discounts add up to a free policy, companies wouldn’t make money that way. But any discount will bring down the amount you have to pay.

To see a list of companies with the best insurance discounts, click here to view.

Comparison of Car Insurance

When shopping for car insurance there are multiple ways of comparing rate quotes from car insurance companies in your area. The quickest method to compare 2003 Kia Optima insurance prices consists of shopping online. This can be accomplished using a couple different methods.

  1. The most efficient way consumers can analyze rates is an all-inclusive rate comparison click to view form in new window. This easy form saves time by eliminating boring form submissions for each company. In just a few minutes this one form gets you coverage quotes instantly.It’s the quickest way to get rates.
  2. A different way to obtain and compare quotes online is to manually visit each company website and request a quote. For examples sake, let’s assume you want to compare rates from Liberty Mutual, Geico and State Farm. You would have to go to every website and enter your information, which is why most consumers use the first method. To view a list of companies in your area, click here.

Whichever method you choose, compare exactly the same information on every quote. If you compare different values for each quote you can’t possibly make a fair comparison for your Kia Optima. Slightly different coverages can make a big difference in price. Just remember that more quotes helps locate the best rates.

Tailor your coverage to you

When it comes to buying proper insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Everyone’s situation is a little different.

For example, these questions might point out whether you will benefit from professional help.

  • Are my friends covered when driving my car?
  • Exactly who is provided coverage by my policy?
  • Will my insurance pay for OEM parts?
  • Am I insured when driving a different vehicle?
  • Are there companies who specialize in insuring high-risk drivers?
  • Can I drive in Mexico and have coverage?
  • Does my insurance cover my expensive audio equipment?
  • Can I still get insurance after a DUI?
  • Can my babysitter drive my car?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form.

Parts of your insurance policy

Understanding the coverages of your insurance policy helps when choosing the best coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Collision coverage protection

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

Collision coverage protects against claims such as backing into a parked car, scraping a guard rail, colliding with a tree and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Comprehensive protection

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as vandalism, damage from a tornado or hurricane, a broken windshield, falling objects and theft. The most your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability auto insurance

This coverage provides protection from injuries or damage you cause to other people or property that is your fault. It protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as medical services, loss of income and structural damage. How much liability coverage do you need? That is your choice, but consider buying higher limits if possible.

Medical expense coverage

Med pay and PIP coverage kick in for bills like hospital visits, prosthetic devices, rehabilitation expenses, X-ray expenses and EMT expenses. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

Uninsured or underinsured coverage

This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

More choices the merrier

You just read a lot of ways to lower your 2003 Kia Optima insurance rates. The key thing to remember is the more price quotes you have, the better your comparison will be. Consumers could even find that the best price on insurance coverage is with a lesser-known regional company.

Cheaper insurance can be found on the web and also from your neighborhood agents, and you need to price shop both to get a complete price analysis. Some insurance providers may not provide the ability to get a quote online and most of the time these smaller companies sell through independent agents.

People switch companies for any number of reasons including policy non-renewal, extreme rates for teen drivers, poor customer service or being labeled a high risk driver. It doesn’t matter what your reason, choosing a new insurance company is easier than you think.

More detailed insurance coverage information is available in the articles below: