Have you fallen victim to an overpriced insurance coverage policy? Trust us, you are not the only one feeling buyer’s remorse.
There are many insurers to choose from, and even though it’s nice to be able to choose, too many choices makes it more difficult to compare rates and cut insurance costs.
Finding affordable coverage is quite easy. If you currently have a car insurance policy, you will be able to cut costs considerably using this information. But vehicle owners should learn how companies compete online and use this information to your advantage.
There are several ways of comparing rates from different insurance companies. The fastest way to find the lowest 2006 Kia Optima rates is simply to get online rate quotes. This can be accomplished using a couple different methods.
For a list of links to insurance companies in your area, click here.
Whichever way you use, double check that you are using identical coverage information for every quote you compare. If you compare different deductibles you will not be able to determine the best price for your Kia Optima. Quoting even small variations in limits may result in large price differences. And when comparing insurance coverage rates, know that more quotes will increase your chances of finding better pricing.
Car insurance companies don’t necessarily list every available discount in an easy-to-find place, so here is a list some of the more common as well as the least known savings tricks you should be using.
A little note about advertised discounts, many deductions do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as comp or med pay. So despite the fact that it appears all those discounts means the company will pay you, insurance companies aren’t that generous.
To see a list of providers who offer insurance discounts, follow this link.
When buying adequate coverage for your personal vehicles, there really is no one size fits all plan. Everyone’s situation is a little different so this has to be addressed. For example, these questions can help discover if you may require specific advice.
If you can’t answer these questions, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.
Knowing the specifics of your policy can help you determine the best coverages and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy. Shown next are typical coverages available from car insurance companies.
Protection from uninsured/underinsured drivers – This gives you protection when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Kia Optima.
Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.
Collision coverage – Collision coverage will pay to fix damage to your Optima resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as rolling your car, colliding with another moving vehicle, hitting a mailbox, driving through your garage door and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from lower value vehicles. Drivers also have the option to raise the deductible to bring the cost down.
Auto liability – Liability insurance will cover injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.
Liability insurance covers claims such as medical expenses, court costs and attorney fees. How much coverage you buy is your choice, but buy as high a limit as you can afford.
Comprehensive (Other than Collision) – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims such as a broken windshield, damage from a tornado or hurricane and hitting a deer. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Medical expense insurance – Coverage for medical payments and/or PIP provide coverage for immediate expenses like X-ray expenses, rehabilitation expenses, funeral costs, chiropractic care and dental work. The coverages can be utilized in addition to your health insurance plan or if there is no health insurance coverage. They cover both the driver and occupants in addition to getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage
The cheapest 2006 Kia Optima insurance can be found both online and with local insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance providers do not offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.
As you prepare to switch companies, it’s a bad idea to skimp on coverage in order to save money. In many cases, someone dropped collision coverage and discovered at claim time that it was a big error on their part. Your focus should be to find the BEST coverage at an affordable rate while still protecting your assets.
You just learned a lot of ways to compare insurance prices online. The key thing to remember is the more you quote, the higher your chance of finding lower rates. Consumers may even find the lowest premiums are with a company that doesn’t do a lot of advertising. These companies may only write in your state and offer lower rates compared to the large companies like Allstate, Geico and Progressive.
Much more information about insurance coverage can be found on the following sites: