2004 Kia Optima Insurance Rates

Average insurance rates for a 2004 Kia Optima are $1,030 a year with full coverage. Comprehensive insurance costs approximately $152 each year, collision costs $178, and liability costs around $520. Buying a liability-only policy costs as low as $576 a year, with high-risk insurance costing $2,206 or more. Teen drivers receive the highest rates at $4,226 a year or more.

Annual premium for full coverage: $1,030

Rate estimates for 2004 Kia Optima Insurance

Rate data is compiled from all 50 U.S. states and averaged for all 2004 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

View Chart as Image

These differences demonstrate why all drivers should compare prices using their specific location and risk profile, instead of making a decision based on price averages.

Use the form below to get rates for your location.

Finding low-cost insurance for your Kia Optima can be a lot of work, but you can follow these tips to make it easier. There is a right way and a wrong way to compare car insurance rates and we’ll show you the quickest way to compare rates for a Kia and find the cheapest rates.

Factors that can influence Kia Optima insurance rates

Consumers need to have an understanding of some of the elements that come into play when calculating the rates you pay for insurance coverage. When you know what positively or negatively determines base rates allows you to make educated decisions that can help you get big savings.

• Your spouse saves you money – Getting married can get you a discount on insurance coverage. Having a spouse translates into being more mature than a single person it has been statistically shown that married couples file fewer claims.
• Better credit means lower rates – A driver’s credit score is a important factor in determining what you pay for insurance coverage. If your credit rating is lower than you’d like, you could save money insuring your 2004 Kia Optima by repairing your credit. Drivers with high credit scores tend to file fewer claims and have better driving records than those with poor credit.
• Better crash test results mean better rates – Safer cars can get you lower premiums. Safer cars protect occupants better and fewer injuries translates into savings for insurance companies and lower rates for you. If the Kia Optima has ratings of a minimum four stars on Safercar.gov it is probably cheaper to insure.
• No coverage gaps is important – Driving with no insurance is a misdemeanor and as a result your rates will increase for letting your coverage lapse. And not only will insurance be more expensive, getting caught without coverage may earn you a revoked license or a big fine.
• How’s your driving record? – Even one citation can bump up the cost by as much as thirty percent. Drivers who don’t get tickets have lower premiums compared to drivers with tickets. If you have flagrant violations like DUI or reckless driving may find they need to file a SR-22 with the DMV in their state in order to keep their license.
• Rural vs Urban Areas – Being located in less populated areas can save you money when buying insurance coverage. Drivers who live in large cities have to deal with traffic congestion and much longer commute distances. Fewer people means fewer accidents.

Don’t overlook these discounts

Companies that sell car insurance don’t necessarily list every available discount in an easy-to-find place, so we break down both well-publicized and also the lesser-known ways to save on insurance coverage. If they aren’t giving you every credit you deserve, you are throwing money away.

• Multiple Vehicles – Buying coverage for multiple vehicles on one policy can get a discount on all vehicles.
• Save with a New Car – Putting insurance coverage on a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
• Resident Student – Kids in college who are attending college and don’t have a car can receive lower rates.
• Drivers Ed for Students – Cut your cost by having your teen driver complete a driver education course in high school.
• Low Mileage – Low mileage vehicles can qualify you for a substantially lower rate.
• Senior Discount – Mature drivers can possibly qualify for reduced rates for Optima coverage.
• Anti-lock Brake Discount – Anti-lock brake equipped vehicles are safer to drive and therefore earn up to a 10% discount.

It’s important to note that most discounts do not apply to your bottom line cost. A few only apply to specific coverage prices like collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, you won’t be that lucky.

For a list of companies with discount insurance coverage rates, click here to view.

Beware of misleading insurance coverage ads

Drivers constantly see and hear ads for cheaper car insurance from the likes of 21st Century, Allstate and State Farm. They all seem to say the same thing of big savings if you move your coverage to them.

But how can every company say the same thing?

All the different companies have a certain “appetite” for the type of driver that is profitable for them. A good example of a desirable insured could be over the age of 40, insures multiple vehicles, and has excellent credit. A driver who matches those parameters will get very good rates and as a result will probably save a lot of money.

Potential customers who don’t qualify for this ideal profile will be charged a more expensive rate which usually ends up with the customer not buying. The ad wording is “customers that switch” not “everyone that quotes” save money. This is how insurance companies can confidently make the claims of big savings. That is why drivers must compare as many rates as you can. You cannot predict which company will give you the biggest savings on Kia Optima insurance.

Is my situation unique?

When buying the right insurance coverage, there isn’t really a perfect coverage plan. Every insured’s situation is different.

Here are some questions about coverages that can aid in determining if your situation may require specific advice.

• Which companies will insure high-risk drivers?
• When does my teenage driver need to be added to my policy?
• How much can I save by bundling my policies?
• How can I find cheaper teen driver insurance?
• Are my friends covered when driving my car?
• Am I covered when using my vehicle for business?
• Am I covered if I wreck a rental car?
• If my 2004 Kia Optima is totaled, can I afford another vehicle?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form. It only takes a few minutes and can provide invaluable advice.

Specific coverages for a Kia Optima

Learning about specific coverages of your policy aids in choosing the best coverages and proper limits and deductibles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Auto liability

This coverage will cover damages or injuries you inflict on people or other property by causing an accident. It protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged property.

Liability coverage protects against things such as pain and suffering, structural damage and court costs. How much liability coverage do you need? That is your choice, but buy as much as you can afford.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as damage from a tornado or hurricane, hail damage, vandalism and theft. The maximum amount a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Kia Optima.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Collision protection

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

Collision can pay for things like sideswiping another vehicle, hitting a parking meter and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. It’s also possible to bump up the deductible to save money on collision insurance.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance reimburse you for expenses for things like rehabilitation expenses, EMT expenses, X-ray expenses, nursing services and dental work. They are often used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Power to the consumer

People leave their current company for a number of reasons such as delays in responding to claim requests, high rates after DUI convictions, policy non-renewal or denial of a claim. It doesn’t matter why you want to switch switching car insurance companies is actually quite simple.

Budget-conscious 2004 Kia Optima insurance is definitely available both online in addition to many insurance agents, and you should be comparing both in order to have the best price selection to choose from. Some companies do not provide you the ability to get quotes online and many times these small, regional companies only sell through independent insurance agents.

Throughout this article, we presented a lot of information how to compare insurance prices online. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your rates. Consumers could even find that the most savings is with the smaller companies.

More information is located at the links below

• Insurance Losses by Make and Model (iihs.org)
• Property Damage Coverage (Liberty Mutual)
• Vehicle Safety Ratings (iihs.org)
• Understanding Limits and Deductibles (Allstate)
• Winter Driving (Insurance Information Insitute)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)

Use our FREE quote tool to compare rates now!