How Much Does 2015 Kia Optima Hybrid Insurance Cost?

Looking for cheaper car insurance rates for your Kia Optima Hybrid? Nobody likes having to buy car insurance, in particular when their premiums are through the roof.

Numerous insurance companies battle for your business, so it can be very hard to choose a insurance company to discover the definitive best rate

You probably qualify for some discounts

The price of auto insurance can be rather high, but companies offer discounts that many people don’t even know exist. Some discounts apply automatically at the time of quoting, but a few must be specially asked for before you will receive the discount.

  • Braking Control Discount – Anti-lock brake equipped vehicles can reduce accidents and will save you 10% or more.
  • Driver’s Ed – Require your teen driver to enroll in driver’s education if it’s offered in school.
  • Good Student – A discount for being a good student can earn a discount of 20% or more. The good student discount can last well after school through age 25.
  • Resident Student – Children who live away from home and do not have a car can receive lower rates.
  • Use Seat Belts – Drivers who require all occupants to use their safety belts could cut 10% or more off the personal injury premium cost.
  • Government Employees – Simply working for the federal government can save as much as 8% on Optima Hybrid insurance with a few car insurance companies.
  • Claim Free – Drivers who don’t have accidents can earn big discounts when compared with accident-prone drivers.
  • Accident Waiver – A few companies allow you one accident before your rates go up as long as you don’t have any claims for a particular time prior to the accident.

Consumers should know that most of the big mark downs will not be given to the entire policy premium. Most only reduce individual premiums such as collision or personal injury protection. So even though they make it sound like all those discounts means the company will pay you, it just doesn’t work that way. But any discount will bring down your overall premium however.

Insurance companies who might offer some of the above discounts include:

Before buying, ask all companies you are considering which discounts you may be entitled to. Savings might not be offered in your area.

How to Lower Your Auto Insurance Cost

Effectively comparing auto insurance prices can take time and effort if you aren’t aware of the best way to get rate quotes. You can spend countless hours talking about coverages with insurance agencies in your area, or you can stay home and use the internet for quick rates.

Most of the larger companies enroll in a system that allows shoppers to submit their information once, and each participating company can give them a price determined by their information. This system prevents you from having to do form submissions to each company.

To find out how much you can save on auto insurance click to open in new window.

The one downside to using this type of system is buyers cannot specifically choose the insurers to receive prices from. So if you prefer to pick from a list of companies for rate comparison, we put together a list of companies who write auto insurance in your area. Click here for list of insurance companies.

Whichever method you choose, be sure to compare exactly the same coverage limits for every quote you compare. If each company quotes different limits and deductibles on each one it will be next to impossible to find the best deal for your Kia Optima Hybrid. Just a small difference in coverage limits may result in a large different in cost. Just remember that more quotes gives you a better chance of getting a lower rate.

Kia Optima Hybrid premiums are determined by many factors

Consumers need to have an understanding of the rating factors that go into determining car insurance rates. Understanding what determines base rates empowers consumers to make smart changes that can help you get better car insurance rates.

  • Never go without insurance – Having an insurance coverage lapse is a fast way to increase your car insurance rates. Not only will you pay more, but being ticketed for driving with no insurance will get you a license revocation or jail time.
  • High credit ratings translate to low rates – Having a bad credit score is a huge factor in determining what you pay for car insurance. Therefore, if your credit history is lower than you’d like, you could potentially save money when insuring your 2015 Kia Optima Hybrid by spending a little time repairing your credit. Consumers who have high credit ratings tend to be less risk to insure than drivers with poor credit.
  • How your age affects price – Teenage drivers have a tendency to be less responsible behind the wheel so they pay higher car insurance rates. Having to add a youthful driver onto a policy can be quite pricey. Older drivers tend to be more responsible, file fewer claims and are safer drivers.
  • Being married is a good thing – Having a spouse actually saves money on your car insurance policy. It usually means you are more responsible it has been statistically shown that being married results in fewer claims.
  • Traffic citations inflate rates – Just one moving violation may increase your cost by as much as thirty percent. Drivers with clean records receive lower rates than bad drivers. Drivers who have serious citations like hit and run, DWI or reckless driving convictions may need to file a SR-22 with the DMV in their state in order to continue driving.
  • Add-on coverages can add up – There are quite a few add-on coverages that you can get tricked into buying on your Optima Hybrid policy. Things like roadside assistance, accidental death and membership fees are examples of these. They may seem like a good idea when talking to your agent, but your needs may have changed so remove them from your policy.
  • High numbers of claims are not good – If you tend to file frequent claims, you can pretty much guarantee either higher rates or even cancellation. Companies generally give lower rates to insureds who are claim-free. Car insurance is intended for the large, substantial claims.
  • High deductibles save money – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Kia from damage. Some instances where coverage would apply could be colliding with a building, vandalism, and rolling your vehicle. Physical damage deductibles are the amount of money you are willing to pay out-of-pocket before a claim is paid by your company. The more expense you are required to pay out-of-pocket, the bigger discount you will receive on Optima Hybrid insurance.

There’s no such thing as the perfect policy

When it comes to choosing proper insurance coverage, there is no cookie cutter policy. Every situation is different so your insurance should reflect that For instance, these questions can aid in determining if your insurance needs might need an agent’s assistance.

  • What is no-fault insurance?
  • Is rental equipment covered for theft or damage?
  • Should I have a commercial auto policy?
  • How can I find cheaper teen driver insurance?
  • Why am I required to buy liability insurance?
  • What is UM/UIM insurance?

If you’re not sure about those questions but a few of them apply then you might want to talk to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.

Are auto insurance companies telling the truth?

Auto insurance companies such as Geico, State Farm and Progressive continually stream ads in print and on television. They all seem to say the same thing that you’ll save big after switching your coverage to them. How do they all claim to save you money?

All the different companies are able to cherry pick for the right customer that earns them a profit. An example of a preferred risk might be profiled as a mature driver, owns a home, and drives less than 7,500 miles a year. A propective insured who matches those parameters gets the lowest rates and therefore will cut their rates substantially.

Drivers who fall outside the “perfect” profile will be charged higher premiums which leads to business not being written. The ads say “customers who switch” but not “drivers who get quotes” save that much money. That’s the way insurance companies can confidently make the claims of big savings.

That is why you should get as many quotes as possible. It’s just too difficult to predict which auto insurance company will have the lowest Kia Optima Hybrid insurance rates.

Insurance coverage basics

Knowing the specifics of a insurance policy can help you determine appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. These are typical coverages offered by insurance companies.

Comprehensive (Other than Collision) – This covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as falling objects, damage from a tornado or hurricane, damage from flooding, vandalism and fire damage. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability car insurance – Liability insurance can cover damage or injury you incur to other people or property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Occasionally you may see a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like structural damage, emergency aid and bail bonds. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for dental work, prosthetic devices, surgery and hospital visits. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers – This gives you protection when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Kia Optima Hybrid.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Frequently these coverages are set the same as your liablity limits.

Collision – This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like colliding with another moving vehicle, crashing into a building and scraping a guard rail. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

The bottom line

We just presented a lot of tips how to compare 2015 Kia Optima Hybrid insurance prices online. The key thing to remember is the more price quotes you have, the higher your chance of finding lower rates. You may be surprised to find that the best prices are with a lesser-known regional company. These companies can often insure niche markets at a lower cost compared to the large companies like Geico and State Farm.

Cost effective insurance is attainable from both online companies as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money. Some companies don’t offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.

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