How Much Does 2003 Kia Sorento Insurance Cost?

Comparison shopping for car insurance is challenging for people who are new to shopping for insurance online. Drivers have so many choices that it can easily become a challenge to find lower rates.

It’s important to compare prices every six months because insurance rates change quite often. If you had the best rates for Sorento coverage a few years ago you can probably find a lower rate today. Don’t believe everything you read about car insurance on the web, but I’m going to show you some great ideas on how to slash your car insurance rates.

If you currently have a car insurance policy, you will be able to reduce your rates substantially using these tips. This information will let you in on the most effective way to quote insurance. Nevertheless, drivers should learn the way insurance companies market on the web and apply this information to your search.

Why your Kia Sorento insurance rates may be high

Smart consumers have a good feel for the factors that play a part in calculating your insurance coverage rates. Having a good understanding of what determines base rates allows you to make educated decisions that will entitle you to lower insurance coverage prices.

Shown below are some of the items companies use to determine prices.

  • Occupation reflects on rates – Careers like judges, social workers and stock brokers are shown to have the highest rates in part from stressful work requirements and lots of time spent at work. On the other hand, jobs such as scientists, students and the unemployed pay the least for Sorento coverage.
  • Bump up deductibles to save – Insurance for physical damage to your car, also known as collision and other-than-collision, protects your Kia from damage. A few examples of covered claims are collision with another vehicle, vandalism, or theft. Physical damage deductibles are the amount of money you are required to spend out-of-pocket before your insurance coverage pays a claim. The more you have to pay, the lower your rates will be for Sorento coverage.
  • Marriage pays dividends – Being married helps lower the price on your policy. Having a spouse is viewed as being more mature than a single person and statistics show being married results in fewer claims.
  • Poor credit can mean higher rates – Credit history is a large factor in determining what you pay for insurance coverage. If your credit is not that good, you could save money insuring your 2003 Kia Sorento by improving your rating. Drivers who have excellent credit tend to be better drivers and file fewer claims than drivers with lower credit scores.
  • A lapse in coverage is a bad thing – Not having insurance is illegal and insurance coverage companies will penalize you for letting your coverage have a gap. And not only will your rates increase, failure to provide proof of insurance can result in a revoked license or a big fine.Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.
  • Too many insurance coverage claims drive up costs – Auto insurance companies provide discounts to drivers who file claims infrequently. If you are a frequent claim filer, you can expect either a policy non-renewal or much higher rates. Car insurance is designed for larger claims.
  • Sex matters – Statistics demonstrate women tend to be less risk to insure than men. However, don’t assume that women are better drivers. Men and women cause accidents in similar numbers, but the men cause more damage and cost insurance companies more money. Men also statistically have more aggressive citations like reckless driving and DUI.
  • Bad driving skills means higher rates – A bad driving record impacts your car insurance rates tremendously. Even one ticket may increase your cost forty percent or more. Drivers with clean records get better rates than bad drivers. If you have serious violations such as hit and run, DWI or reckless driving convictions may find they need to submit a SR-22 form with the DMV in their state in order to continue driving.

Pay less for 2003 Kia Sorento insurance

Properly insuring your vehicles can get expensive, but you can get discounts that can drop the cost substantially. Some discounts apply automatically at the time you complete a quote, but some may not be applied and must be asked about prior to receiving the credit.

  • Driver’s Ed – Cut your cost by having your teen driver take driver’s ed class in high school.
  • Discount for Life Insurance – Select insurance companies reward you with a discount if you purchase a life insurance policy as well.
  • Auto/Home Discount – If you insure your home and vehicles with one insurance company you will save 10% to 20% off each policy.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Discount for New Cars – Adding a new car to your policy is cheaper compared to insuring an older model.
  • Drive Safe and Save – Safe drivers may save up to 50% more for Sorento coverage than drivers with accident claims.
  • Good Student – This discount can save 20 to 25%. This discount can apply until age 25.

It’s important to understand that most discount credits are not given to your bottom line cost. Most cut the cost of specific coverages such as collision or personal injury protection. So when the math indicates it’s possible to get free car insurance, you’re out of luck. Any qualifying discounts will help reduce your overall premium however.

For a list of insurance companies with the best insurance discounts, follow this link.

Tailor your coverage to you

When it comes to buying adequate coverage, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s.

For instance, these questions might help in determining if your insurance needs will benefit from professional help.

  • Will I lose any money if I cancel my policy before it expires?
  • Does my medical payments coverage pay my health insurance deductible?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • At what point should I drop full coverage?
  • Do I have coverage when using my vehicle for my home business?
  • Are rental cars covered under my policy?
  • Are all vehicle passengers covered by medical payments coverage?
  • Am I insured when driving a different vehicle?
  • Are my tools covered if they get stolen from my vehicle?

If you can’t answer these questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form.

What insurance coverages do you need?

Understanding the coverages of insurance can help you determine the best coverages and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy.

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your 2003 Kia Sorento.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Most of the time these limits are set the same as your liablity limits.

Coverage for liability – This protects you from damages or injuries you inflict on a person or their property. This insurance protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for things such as emergency aid, structural damage, attorney fees, repair costs for stationary objects and medical expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive coverage (or Other than Collision) – This coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as hitting a bird, a broken windshield and theft. The most your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as ambulance fees, dental work, rehabilitation expenses and doctor visits. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers you and your occupants and also covers being hit by a car walking across the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage – This coverage covers damage to your Sorento caused by collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like hitting a mailbox, driving through your garage door, sideswiping another vehicle and colliding with another moving vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

More effort can pay off

The cheapest 2003 Kia Sorento insurance is attainable from both online companies as well as from independent agents, and you should compare price quotes from both to have the best rate selection. Some companies don’t offer online quoting and most of the time these regional insurance providers sell through independent agents.

As you prepare to switch companies, make sure you don’t sacrifice coverage to reduce premiums. There are a lot of situations where someone sacrificed full coverage only to find out that a couple dollars of savings turned into a financial nightmare. The aim is to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

We’ve covered some good ideas how to save on insurance. The most important thing to understand is the more rate comparisons you have, the better likelihood of reducing your rate. Consumers may even find the lowest priced insurance comes from a lesser-known regional company.

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