Best Kia Optima Insurance in Phoenix

Insurance rates Kia Optima in PhoenixHow many times have you told yourself to find cheaper car insurance rates in Phoenix, AZ? Phoenix drivers have a choice when trying to find low-cost Kia Optima insurance. You can either waste hours driving around to get rate comparisons or use the internet to find the lowest rates. There is a better way to find car insurance online and you need to know the absolute fastest way to quote coverages for your Kia and find the cheapest rates from Phoenix insurance agents and online providers.

It's important to price shop coverage periodically since prices go up and down regularly. If you had the best rate on Kia Optima insurance in Phoenix a couple years back you will most likely find a better premium rate today. Forget anything you know (or think you know) about car insurance because you're about to learn the best methods to properly buy coverages and cut your premium.

Informed Consumers Know How to Find Car Insurance for Less

Many factors are considered when you quote your car insurance policy. A few of the factors are predictable such as traffic violations, but some are not as apparent such as whether you are married or how financially stable you are. When buying car insurance it's important to understand the rating factors that are used to determine the rates you pay for car insurance. When you understand what determines base rates, this enables you to make decisions that can help you get lower car insurance prices.

Shown below are some of the factors car insurance companies consider when setting premiums.

How to shop Kia Optima insurance online

The majority of larger companies provide pricing on their websites. This process is fairly straightforward because it's just a matter of typing in your required coverages on the page. When the form is submitted, the company's rating system will order your credit score and driving record and returns pricing information based on many factors.

Being able to quote online for Kia Optima insurance in Phoenix makes it easy to compare insurance prices and it is important to have as many quotes as possible in order to get the best rate possible.

To save time and compare pricing, consider comparing rates from the companies shown below. If you currently have coverage, we recommend you enter the limits and deductibles exactly as they are listed on your policy. This helps ensure you will have rate quotes for exact coverage.

The following companies are ready to provide price comparisons in Arizona. If multiple companies are listed, we suggest you visit several of them to get the most affordable price.

Kia Optima Insurance Cost Estimates in Phoenix, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $258 $480 $458 $28 $136 $1,360 $113
Optima EX $162 $290 $338 $20 $102 $912 $76
Optima SX $250 $538 $382 $22 $114 $1,306 $109
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Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Price estimates do not factor in Phoenix location which can change rates substantially.

Kia Optima full coverage rates compared to liability only

The example below shows the difference between Kia Optima yearly insurance costs with and without full coverage. The prices are based on no claims or driving citations, $100 deductibles, married male driver, and no discounts are factored in.

When to stop buying physical damage coverage

There is no definitive rule to eliminate physical damage insurance, but there is a general convention. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let's pretend your Kia Optima replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after the policy deductible has been paid. If you are paying over $400 a year for your policy with full coverage, then it's probably a good time to buy liability coverage only.

There are some cases where buying only liability insurance is not recommended. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder's interest. Also, if you don't have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Auto insurance rates by gender and age

The example below illustrates the difference between Kia Optima insurance rates for male and female drivers. The information is based on no claims or violations, full coverage, $100 deductibles, marital status is single, and no policy discounts are applied.

An analysis of deductible level

One common question asked by Phoenix drivers is which deductibles should you choose. The following tables lay out the differences in price between high and low deductibles. The first price estimate table uses a $100 comprehensive and collision deductible and the second data table uses a $500 deductible.

Kia Optima insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $258 $466 $338 $20 $102 $1,209 $101
Optima EX $292 $548 $338 $20 $102 $1,325 $110
Optima SX $292 $548 $338 $20 $102 $1,325 $110
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Kia Optima insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $188 $314 $338 $20 $102 $962 $80
Optima EX $212 $370 $338 $20 $102 $1,042 $87
Optima SX $212 $370 $338 $20 $102 $1,042 $87
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Table data does not factor in your specific Phoenix location which can modify rates substantially.

Using the premium rates above, we can conclude that using a $100 deductible will cost in the ballpark of $22 more each month or $264 a year than selecting the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you go at a minimum 18 months between claim filings, you would probably come out ahead by selecting a higher deductible.

Calculate deductible break even point

Average monthly premium for $100 deductibles: $107
Average monthly premium for $500 deductibles (subtract): - $85
Monthly savings from raising deductible: $22
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

One important note is that raising deductibles means you will have to cover more of the damage yourself when you have to file a claim. You should have some funds available in the event you have to pay the deductible for vehicle repair.

Choosing Optima insurance is an important decision

Even though it can be expensive, insuring your vehicle is a good idea for several reasons.

The benefits of insuring your Optima more than cancel out the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver is overpaying more than $855 a year so you should quote your policy with other companies at every renewal to be sure current rates are still competitive.

Verify you're receiving every discount

Insurance is not an enjoyable expense, but you might already qualify for some discounts to reduce the price significantly. Some discounts will apply when you quote, but lesser-known reductions have to be specially asked for before being credited.Cheaper insurance with discounts

Keep in mind that most credits do not apply to the whole policy. The majority will only reduce the cost of specific coverages such as medical payments or collision. So even though it sounds like all the discounts add up to a free policy, insurance companies aren't that generous.

A few popular companies and a partial list of their discounts are outlined below.

Double check with every prospective company how you can save money. A few discounts might not be available to policyholders in your state.

Car insurance agents near you

Certain consumers still prefer to visit with an insurance agent and often times that is recommended Licensed agents are trained risk managers and help in the event of a claim. One of the benefits of comparing rates online is you may find cheap insurance rates but still work with a licensed agent.

Insurance agency in PhoenixOnce you complete this simple form, your coverage information is instantly submitted to local insurance agents who can give free rate quotes and help you find cheaper coverage. It's much easier because you don't need to leave your computer due to the fact that quote results will go instantly to you. If for some reason you want to compare rates from a specific company, don't hesitate to navigate to their website and fill out the quote form the provide.

Selecting a company needs to be determined by more than just a cheap price. Any agent in Phoenix should be forthright in answering these questions:

Listed below are agents in Phoenix willing to provide price quotes for Kia Optima insurance in Phoenix.

More insurance agents

After you get acceptable answers to your questions in addition to an acceptable price estimate, you may have just found an insurer that meets the requirements to provide insurance coverage.

Compare. Compare. Compare.

Drivers leave their current company for a variety of reasons including unfair underwriting practices, lack of trust in their agent, being labeled a high risk driver and an unsatisfactory settlement offer. Whatever your reason, finding a new company can be pretty painless.

Lower-priced car insurance in Phoenix can be found both online as well as from independent agents in Phoenix, and you should compare rates from both to get a complete price analysis. Some car insurance companies may not offer internet price quotes and usually these small insurance companies only sell coverage through independent insurance agencies.

When you buy Phoenix auto insurance online, it's very important that you do not buy poor coverage just to save money. There are too many instances where drivers have reduced uninsured motorist or liability limits and discovered at claim time they didn't have enough coverage. Your goal should be to purchase plenty of coverage for the lowest price while still protecting your assets.

More information is located at the links below