Cheap 2016 Kia Optima Insurance Cost in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Apr 24, 2024

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Trying to find lower auto insurance rates for your Kia Optima? Are you baffled by the number of auto insurance companies in your area? You have such a vast assortment of companies available that it can easily become a lot of work to lower your auto insurance rates.

Pricing the cheapest protection is simple if you know the tricks. Just about every driver who buys auto insurance should be able to find better rates. Nevertheless, consumers can benefit by having an understanding of how the larger insurance companies market insurance on the web and use this information to your advantage.

How you can control Kia Optima insurance premiums

An important part of buying insurance is that you know some of the factors that help calculate insurance coverage rates. When you understand what influences your rates, this enables you to make decisions that can help you get lower insurance coverage prices.

  • Avoid coverage lapses – Letting your insurance expire will be a quick way to trigger a rate increase. In addition to paying higher premiums, the inability to provide proof of insurance might get you a fine, jail time, or a revoked license.
  • Raise your physical damage deductibles for better costs – The deductibles you choose tell how much you are required to pay if a claim is determined to be covered. Physical damage coverage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some examples of claims that would be covered are collision with another vehicle, fire damage, and damage caused by road hazards. The more you choose to pay out-of-pocket, the less money you will pay for insurance coverage for Optima insurance.
  • Do safer cars cost less to insure? – Safer cars are cheaper to insure. The safest vehicles have better occupant injury protection and any reduction in injury severity translates directly to fewer claims which can mean better rates for you. If your Kia Optima scored at minimum four stars on you may pay a lower rate.
  • Consolidating policies can get discounts – Some insurance coverage companies apply lower prices to clients that have more than one policy in the form of a multi-policy discount. Even with this discount, you still need to get quotes from other companies to confirm you are receiving the best rates possible. There is a good possibility that you can find a better deal by splitting coverages up.
  • Improve your credit rating and save – Having a bad credit history can be an important factor in calculating your insurance coverage rates. If your credit score could use some work, you could be paying less to insure your 2016 Kia Optima by spending a little time repairing your credit. People with high credit ratings tend to be more responsible than those with worse credit.
  • Your stress level may be raising your prices – Do you work in a high-stress field? Occupations like fire fighters, police officers and financial analysts tend to have higher rates than the rest of us attributed to high stress levels and incredibly demanding work hours. On the other hand, jobs such as farmers, engineers and the unemployed pay lower than average rates for Optima insurance.
  • When should you file a insurance coverage claims? – If you are a frequent claim filer, don’t be surprised to see higher rates. Companies generally give better rates to people who file claims infrequently. Auto insurance is designed for more catestrophic claims.
  • Better premiums with anti-theft devices – Purchasing a vehicle with an alarm system can get you a discount on your insurance coverage. Theft deterrent systems like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart car theft.

Which auto insurance is cheapest?

Most of the larger companies allow consumers to get coverage prices directly from their websites. The process is fairly straightforward as you just type in your coverage preferences into the form. Upon sending the form, their rating system gets your driving record and credit report and generates a price.

Being able to quote online makes it simple to compare prices but the time it takes to visit multiple sites and enter the same data into a form can get tiresome after awhile. But it is imperative to have as many quotes as possible if you want to find the lowest price.

There is a better way to compare rates

An easier way to find better auto insurance pricing makes use of a single form that analyzes rates from more than one company. This type of form saves time, helps eliminate repetitive entry, and makes comparison shopping much simpler. After your information is entered, it gets priced and you can choose any of the resulting price quotes.

If you find a better price you can simply submit the application and buy the policy. The entire process only takes a few minutes and you will find out if you’re overpaying now.

To find out what other companies charge, simply enter your zip code here and submit the form. If you have coverage now, it’s recommended you enter identical to your current policy. Doing this guarantees you will receive a price comparison based on similar coverages.

Take advantage of every insurance discount

Buying insurance is not cheap, but there could be available discounts that could help you make your next renewal payment. A few discounts will be applied when you complete an application, but occasionally some discounts must be inquired about before you will receive the discount. If you check and find you aren’t receiving every discount you qualify for, you’re just leaving money on the table.

  • Passive Restraints – Factory air bags or automatic seat belts can receive discounts of 20% or more.
  • Low Mileage Discounts – Driving less may enable drivers to earn lower rates due to less chance of an accident.
  • Theft Deterrent Discount – Cars and trucks equipped with tracking devices and advanced anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
  • Multiple Vehicles – Buying a policy with more than one vehicle on one policy can reduce rates for all insured vehicles.
  • Accident-Free Discounts – Drivers who stay claim-free have much lower rates in comparison with frequent claim filers.
  • Homeowners Savings – Owning your own home or condo may trigger a policy discount on insurance due to the fact that maintaining a home requires personal responsibility.
  • ABS Brakes – Anti-lock brake equipped vehicles prevent accidents so companies give up to a 10% discount.
  • Active Service Discounts – Being deployed in the military could qualify you for better rates.
  • Safety Restraint Discount – Buckling up and requiring all passengers to buckle their seat belts could cut 10% or more on medical payment and PIP coverage.

Discounts lower rates, but most discounts do not apply to the entire cost. The majority will only reduce individual premiums such as comprehensive or collision. Even though the math looks like all those discounts means the company will pay you, that’s just not realistic.

Popular insurance companies and some of the discounts can be found below.

  • Progressive may include discounts for multi-policy, homeowner, good student, continuous coverage, online signing, and online quote discount.
  • Farmers Insurance offers premium reductions for alternative fuel, good student, early shopping, youthful driver, mature driver, and electronic funds transfer.
  • Farm Bureau has savings for good student, multi-vehicle, driver training, multi-policy, and safe driver.
  • State Farm policyholders can earn discounts including student away at school, accident-free, anti-theft, good driver, and Drive Safe & Save.
  • GEICO may offer discounts for membership and employees, good student, driver training, anti-theft, military active duty, and federal employee.
  • SAFECO offers discounts for drive less, teen safety rewards, safe driver, multi-car, homeowner, teen safe driver, and bundle discounts.
  • Liberty Mutual offers discounts including good student, new vehicle discount, exclusive group savings, preferred payment discount, multi-car, and newly married.

Before purchasing a policy, check with each company or agent which discounts they offer. Some discounts listed above might not be offered in your state.

How to know if you need help

When buying the right insurance coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s.

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

  • Do I need rental car coverage?
  • Am I covered if I hit a deer?
  • Does medical payments coverage apply to all occupants?
  • What is the rate difference between pleasure use and commuting?
  • Am I covered when driving on a suspended license?
  • Is upholstery damage covered by car insurance?
  • What is high-risk coverage and where do I buy it?
  • Will my rates increase for filing one claim?
  • Should I buy only the required minimum liability coverage?

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, complete your zip code.

Car insurance coverages for a Kia Optima

Understanding the coverages of auto insurance aids in choosing the best coverages for your vehicles. Policy terminology can be ambiguous and reading a policy is terribly boring.

Medical expense coverage – Med pay and PIP coverage reimburse you for expenses for ambulance fees, doctor visits and prosthetic devices. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay

Uninsured or underinsured coverage – This provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family as well as damage to your Kia Optima.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Normally these coverages are set the same as your liability limits.

Coverage for liability – Liability coverage protects you from damages or injuries you inflict on a person or their property that is your fault. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things like emergency aid, court costs, medical services and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible.

Comprehensive protection – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like hail damage, falling objects, theft, hitting a bird and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision – Collision insurance pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like rolling your car, scraping a guard rail and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.

Be a money saver!

In this article, we covered a lot of ways to reduce 2016 Kia Optima insurance premium rates online. The key concept to understand is the more rate comparisons you have, the higher your chance of finding cheaper insurance coverage. Consumers could even find that the lowest priced insurance comes from a small mutual company.

Drivers who switch companies do it for many reasons like an unsatisfactory settlement offer, extreme rates for teen drivers, unfair underwriting practices and even delays in paying claims. Whatever your reason, choosing a new insurance company is less work than it seems.

As you go through the steps to switch your coverage, it’s very important that you do not reduce coverage to reduce premium. There have been many cases where an insured cut liability coverage limits only to regret that the small savings ended up costing them much more. Your goal should be to buy the best coverage you can find for the lowest cost but still have enough coverage for asset protection.

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