2006 Kia Optima Insurance Rates

Have you fallen victim to an underperforming, overpriced auto insurance policy? Believe me, you’re not the only one.

Because you have many companies and agents to choose from, it can be hard to choose the most affordable insurer.

Cut prices on Kia Optima insurance

Auto insurance companies do not advertise every discount very well, so we took the time to find some of the best known and the more hidden discounts you could be receiving.

  • Government Employees – Simply working for the federal government could cut as much as 10% off on Optima insurance with select insurance companies.
  • Early Switch Discount – Some insurance companies reward drivers for switching to them before your current expiration date. It’s a savings of about 10%.
  • Accident Forgiveness – A few companies allow you one accident without raising rates so long as you haven’t had any claims prior to the accident.
  • Seat Belts Save more than Lives – Drivers who require all occupants to use their safety belts could save 15% on the medical payments or PIP coverage costs.
  • Military Discounts – Having a deployed family member could mean lower rates.

As a disclaimer on discounts, most discounts do not apply the the whole policy. Most only cut the cost of specific coverages such as comprehensive or collision. So when it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way.

To see a list of companies with discount auto insurance rates, click here.

Tailor your coverage to you

When choosing the right insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Everyone’s needs are different so this has to be addressed. These are some specific questions may help you determine whether your personal situation would benefit from an agent’s advice.

  • Should I rate my 2006 Kia Optima as pleasure use or commute?
  • What is the minimum liability in my state?
  • Is my state a no-fault state?
  • When do I need to add a new car to my policy?
  • Are my tools covered if they get stolen from my vehicle?
  • What is UM/UIM insurance?
  • Do I need special endorsements for business use of my vehicle?
  • What is high-risk coverage and where do I buy it?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.

Can you really save $420 a year?

Car insurance companies such as State Farm, Allstate and GEICO constantly bombard you with television and radio advertisements. They all seem to have a common claim about savings if you switch to them. How do they all say the same thing?

Insurance companies have a preferred profile for the type of driver that makes them money. For example, a preferred risk might be profiled as between 30 and 50, has no driving citations, and has excellent credit. A driver that hits that “sweet spot” receives the best rates and most likely will save when they switch companies.

Drivers who don’t qualify for this ideal profile will be quoted a more expensive rate and ends up with the driver buying from a lower-cost company. Company advertisements say “customers who switch” but not “drivers who get quotes” save that much money. That’s the way insurance companies can state the savings. This emphasizes why you should get as many comparisons as possible. It’s just too difficult to predict which car insurance company will have the lowest Kia Optima insurance rates.

Coverages available on your insurance policy

Knowing the specifics of insurance can be of help when determining which coverages you need and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring. Listed below are typical coverages found on the average insurance policy.

Collision protection

Collision insurance covers damage to your Optima from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like rolling your car, crashing into a building and backing into a parked car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also raise the deductible in order to get cheaper collision rates.

Coverage for liability

This provides protection from damage that occurs to people or other property that is your fault. This coverage protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 which means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things like medical services, structural damage, emergency aid and medical expenses. How much liability should you purchase? That is up to you, but consider buying higher limits if possible.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like damage from a tornado or hurricane, falling objects, rock chips in glass and a tree branch falling on your vehicle. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

UM/UIM Coverage

This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Kia Optima.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for expenses for hospital visits, funeral costs, surgery and rehabilitation expenses. They are utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Summing up your insurance coverage search

Cheap 2006 Kia Optima insurance can be bought online and with local insurance agents, and you should compare price quotes from both to have the best rate selection. Some insurance coverage companies do not offer online price quotes and these regional insurance providers work with independent agents.

We just showed you a lot of information how to save on insurance. The most important thing to understand is the more you quote, the better chance you’ll have of finding lower rates. Consumers may even find the best prices are with a small local company. They can often provide lower rates in certain areas than the large multi-state companies such as GEICO and State Farm.

While you’re price shopping online, do not reduce needed coverages to save money. There have been many situations where an insured cut physical damage coverage only to regret at claim time that the savings was not a smart move. Your aim should be to find the BEST coverage at a price you can afford, not the least amount of coverage.

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