2014 Kia Optima Insurance Cost – 10 Tricks for Best Prices

Want lower insurance rates for your Kia Optima? Have you fallen victim to high-priced insurance? Believe me, many consumers feel financially strained by their insurance policy.

With so many options when it comes to insurance, it is very difficult to pick the most affordable provider.

Cut your insurance coverage rates with these ten discounts

Car insurance companies don’t necessarily list every discount very clearly, so we researched both well-publicized and also the lesser-known insurance coverage savings.

  • Driver Safety – Taking a defensive driving course could save 5% or more depending on where you live.
  • Club Memberships – Being a member of a professional or civic organization could trigger savings on your policy on Optima insurance.
  • Life Insurance Discount – Companies who offer life insurance give lower rates if you buy auto and life insurance together.
  • Homeowners Savings – Being a homeowner can help you save on insurance coverage because maintaining a house shows financial diligence.
  • Service Members Pay Less – Being deployed with a military unit may qualify for rate reductions.
  • Good Student – This discount can be rewarded with saving of up to 25%. This discount can apply up to age 25.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Federal Employees – Being employed by or retired from a federal job could cut as much as 10% off on Optima insurance with select insurance companies.
  • Multiple Vehicles – Insuring multiple vehicles on one policy qualifies for this discount.
  • Discounts for Safe Drivers – Safe drivers can pay as much as 50% less on Optima insurance than their less cautious counterparts.

It’s important to understand that some of the credits will not apply to the entire cost. Most only reduce individual premiums such as comp or med pay. So even though it sounds like all the discounts add up to a free policy, it doesn’t quite work that way.

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

Don’t be fooled by advertising claims

Insurance coverage companies such as Progressive, Allstate and Geico consistently run ads on TV and radio. They all seem to say the same thing that you can save if you change your policy. How do they all claim to save you money? It’s all in the numbers.

All the different companies can use profiling for the right customer that earns them a profit. An example of a preferred risk might be profiled as between 25 and 40, owns a home, and drives less than 10,000 miles a year. A driver who meets those qualifications gets the lowest rates and most likely will save when they switch companies.

Drivers who don’t qualify for these standards will be quoted a higher premium which leads to business going elsewhere. Company advertisements say “customers who switch” not “people who quote” save that kind of money. That’s the way companies can truthfully make the claims of big savings. This emphasizes why you absolutely need to compare as many rates as you can. It is impossible to predict the company that will have the lowest Kia Optima insurance rates.

You are unique and your auto insurance should be too

When it comes to choosing adequate coverage, there is no best way to insure your cars. Everyone’s situation is unique so your insurance should reflect that Here are some questions about coverages that can aid in determining whether or not you would benefit from an agent’s advice.

  • Can I rate high risk drivers on liability-only vehicles?
  • How high should my uninsured/underinsured coverage be in my state?
  • Do I have coverage if my license is suspended?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Should I have combined single limit or split liability limits?
  • How can I get high-risk coverage after a DUI?
  • Do I pay less for low miles?
  • Does my policy pay for OEM or aftermarket parts?
  • What vehicles should carry emergency assistance coverage?
  • Is upholstery damage covered by car insurance?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

Parts of your auto insurance policy

Having a good grasp of your policy helps when choosing which coverages you need and proper limits and deductibles. Auto insurance terms can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverage types offered by auto insurance companies.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your 2014 Kia Optima.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Auto collision coverage

Collision insurance pays for damage to your Optima caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like colliding with a tree, hitting a mailbox, crashing into a building, sideswiping another vehicle and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. You can also choose a higher deductible to save money on collision insurance.

Comprehensive insurance

This covers damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, hail damage and damage from flooding. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses like hospital visits, EMT expenses, doctor visits, funeral costs and pain medications. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Coverage for liability

This protects you from damage that occurs to other’s property or people in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 which means $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.

Liability insurance covers things like medical services, pain and suffering, emergency aid and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.

Be a smart shopper

Low-cost 2014 Kia Optima insurance is possible from both online companies and with local insurance agents, so you should be comparing quotes from both so you have a total pricing picture. A few companies do not offer online quoting and most of the time these small insurance companies sell through independent agents.

As you prepare to switch companies, do not reduce needed coverages to save money. There are many occasions where consumers will sacrifice liability coverage limits only to find out that the small savings ended up costing them much more. Your focus should be to get the best coverage possible at the best price.

More detailed insurance information can be read in the articles below: