2003 Kia Optima Insurance Rates
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UPDATED: Mar 24, 2020
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Average insurance rates for a 2003 Kia Optima are $1,008 a year for full coverage insurance. Comprehensive costs on average $150, collision insurance costs $168, and liability insurance costs $510. Buying a liability-only policy costs as little as $568 a year, and high-risk insurance costs around $2,158. Teenage drivers receive the highest rates at up to $4,144 a year.
Annual premium for full coverage: $1,008
Rate estimates for 2003 Kia Optima Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2003 Kia Optima models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.
Price Range by Coverage and Risk
For a 40-year-old driver, prices range range from as low as $568 for only liability insurance to a much higher rate of $2,158 for high-risk insurance.
These differences illustrate why anyone shopping for car insurance should compare rates based on a specific location and risk profile, rather than relying on average rates.
Use the form below to get rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Recommended Companies for Cheap 2003 Kia Optima Insurance
Trying to find the cheapest insurance rates for your Kia Optima? Finding better rates for insurance is hard for beginners to comparison shopping online. People have so many companies to choose from that it can turn into a challenge to locate the lowest price.
If you have car insurance now, you will most likely be able to cut costs considerably using this strategy. This information will introduce you to how to get online quotes and some tricks to saving. But vehicle owners should learn how the larger insurance companies compete online and use this information to your advantage.
The most recommended method to compare policy rates is to know the fact most insurance companies participate in a system to provide you with free rate quotes. All you need to do is take a few minutes to give details including if you are currently licensed, whether or not you need a SR-22, whether you are married, and how much school you completed. That information gets transmitted to many highly-rated insurers and they return quotes almost instantly.
Don’t pay full price with these discounts
Companies don’t always advertise all available discounts very clearly, so we took the time to find some of the more common and the more hidden savings tricks you should be using.
- Own a Home – Owning a home can save you money because of the fact that having a home requires personal responsibility.
- Student Driver Training – Have your child take driver’s ed class in school.
- Defensive Driving Course – Taking a course teaching defensive driving skills can save you 5% or more if your company offers it.
- Good Students Pay Less – Performing well in school can save 20 to 25%. This discount can apply until age 25.
- Theft Prevention Discount – Anti-theft and alarm systems are stolen less frequently and earn discounts up to 10%.
- Air Bag Discount – Cars that have air bags or automatic seat belts can qualify for discounts of 20% or more.
- Save over 55 – If you qualify as a senior citizen, you may be able to get better insurance rates on Optima coverage.
- Paperless Signup – A handful of insurance companies will give a small break for buying your policy digitally online.
- Discount for New Cars – Adding a new car to your policy can save up to 30% due to better safety requirements for new cars.
- Pay Upfront and Save – If you pay your bill all at once instead of making monthly payments you may reduce your total bill.
Drivers should understand that many deductions do not apply to the entire policy premium. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like all those discounts means the company will pay you, companies wouldn’t make money that way.
For a list of insurance companies with the best insurance discounts, click this link.
Your personal situation dictates your coverage
When choosing proper insurance coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique.
These are some specific questions might point out whether or not you could use an agent’s help.
- Does my 2003 Kia Optima qualify for pleasure use?
- Should I sign the liability waiver when renting a car?
- Do I need replacement cost coverage?
- What discounts do I qualify for?
- Should I buy more coverage than the required minimum liability coverage?
- When can my company non-renew my policy?
- Am I covered when driving someone else’s vehicle?
- Do I have coverage when using my vehicle for my home business?
- What should my uninsured motorist coverage limits be in my state?
- I have health insurance so do I need medical payments coverage?
If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and complete this form.
Factors influencing Kia Optima insurance rates
An important part of buying insurance is that you know the factors that go into determining your car insurance rates. Having a good understanding of what impacts premium levels allows you to make educated decisions that will entitle you to much lower annual insurance costs.
Listed below are some of the items companies use to determine prices.
- Where do you drive? – The more you drive each year the higher your rates will be. Almost all companies price each vehicle’s coverage determined by how the vehicle is used. Vehicles not used for work or commuting receive lower rates as compared to vehicles used primarily for driving to work. Having the wrong rating on your Optima may be wasting your money. Ask your agent if your car insurance policy is rated on the correct driver usage, because improper ratings can cost you money.
- Males pay more for insurance – Statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. Men and women cause accidents in similar percentages, but the men cause more damage. Men also statistically receive more costly citations like reckless driving and DUI. Youthful male drivers are the most expensive to insure and thus pay the highest rates.
- Traffic violations increase rates – Whether or not you get tickets has a lot to do with how much you pay for insurance. Only having one speeding ticket can increase rates forty percent or more. Good drivers have lower premiums than people who have multiple driving citations. Drivers with severe tickets such as DWI, reckless driving or hit and run convictions are required to submit a SR-22 form with the DMV in their state in order to drive a vehicle legally.
- How many coverages with the same company – Some car insurance companies give discounts to policyholders who carry more than one policy. It’s known as a multi-policy discount. Discounts can be ten or even up to twenty percent in some cases. Even if you’re getting this discount you may still want to compare other company rates to confirm you are receiving the best rates possible. Drivers may still find a better deal by insuring with multiple companies.
- Small claims can cost you – If you frequently file small claims, you can look forward to either a policy non-renewal or much higher rates. Car insurance companies give discounts to policyholders who file claims infrequently. Auto insurance is intended for larger claims.
- Lower rates with optional equipment – Purchasing a vehicle that has an advanced theft prevention system can help bring down rates. Anti-theft features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping auto theft.
- Marriage pays dividends – Having a spouse actually saves money when buying car insurance. Marriage means you’re more mature than a single person and statistics show drivers who are married are more cautious.
- Never go without insurance – Having an insurance coverage lapse is a guaranteed way to pay more for car insurance. And not only will insurance be more expensive, getting caught without coverage will get you a license revocation or jail time.
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Specifics of your car insurance policy
Knowing the specifics of a car insurance policy helps when choosing which coverages you need and proper limits and deductibles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.
Coverage for uninsured or underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Because many people have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
This coverage will pay to fix damage to your Optima resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims such as colliding with a tree, sustaining damage from a pot hole, crashing into a building, scraping a guard rail and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.
Liability auto insurance
Liability insurance provides protection from damage that occurs to other people or property. It protects you from claims by other people. It does not cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 that means you have $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.
Liability coverage protects against things like bail bonds, funeral expenses, attorney fees and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford.
Coverage for medical expenses
Medical payments and Personal Injury Protection insurance pay for bills for prosthetic devices, EMT expenses and ambulance fees. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay
Comprehensive car insurance
Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims such as a broken windshield, damage from getting keyed, vandalism, rock chips in glass and damage from flooding. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.
In any little way, save everyday
Low-cost 2003 Kia Optima insurance can be bought online as well as from independent agents, and you need to price shop both to have the best rate selection. Some companies don’t offer the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.
When you buy insurance online, it’s a bad idea to reduce coverage to reduce premium. There are a lot of situations where someone sacrificed physical damage coverage and discovered at claim time that the small savings ended up costing them much more. The aim is to get the best coverage possible for the lowest price.
Insureds switch companies for any number of reasons including lack of trust in their agent, being labeled a high risk driver, questionable increases in premium and even delays in paying claims. It doesn’t matter what your reason, switching companies is actually quite simple.
For more information, take a look at the following helpful articles:
- If I File a Claim will My Insurance Go Up? (Insurance Information Insitute)
- Preventing Carjacking and Theft (Insurance Information Insitute)
- Choosing a Car for Your Teen (State Farm)
- Prom Night Tips for Teen Drivers (State Farm)
- Smart Auto Insurance Tips (Insurance Information Insitute)
- Teen Driver Licensing Information (iihs.org)
Rates by U.S. City
|New York City, NY||$1,593|
|Los Angeles, CA||$1,722|
Need a specific model?
Choose your model and trim below
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$57|
|5-yr Claim Free||$62|
|Paid in Full/EFT||$33|
Discounts are estimated and may not be available from every company or in every state.