Trying to find low-cost insurance for a Kia Optima in Indiana can turn out to be difficult, but you can use the following methods to find lower rates. There is a better way to find insurance online and you need to know the quickest way to compare rates on a Kia and get the cheapest rates from Fort Wayne insurance agents and online providers.
Companies offering low-cost Kia Optima rates in Fort Wayne, IN
The companies in the list below provide free quotes in Fort Wayne, IN. If multiple providers are shown, we suggest you compare several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Prices do not factor in zip code location which can alter coverage rates significantly.
Cost of full coverage
The illustration below examines Kia Optima insurance prices with liability coverage only compared to full coverage. The premiums assume no violations or accidents, $250 deductibles, single male driver, and no other discounts are factored in.
When to stop buying full coverage
There is no definitive guideline to stop paying for physical damage coverage, but there is a broad guideline. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let's pretend your Kia Optima claim settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after paying your policy deductible. If you are paying in excess of $400 annually to have full coverage, then you may want to consider only buying liability coverage.
There are some scenarios where dropping physical damage coverage is not a good idea. If you haven't paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.
Bad driving habits will cost you more
The information below demonstrates how traffic citations and accident claims can affect Kia Optima insurance rates for different insured age categories. The premiums are based on a single male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
Physical damage deductibles
The information below illustrates how choosing a deductible and can change Kia Optima annual premium costs for each age group. Data assumes a single female driver, full physical damage coverage, and no other discounts are factored in.
Discounts for lower-cost insurance quotes
Some insurance providers don't always publicize all available discounts in an easy-to-find place, so the list below details both well-publicized and also the more inconspicuous credits available to lower your premiums when you buy Fort Wayne auto insurance online.
- Seat Belt Usage - Buckling up and requiring all passengers to buckle up can save a little on medical payment and PIP coverage.
- Braking Control Discount - Cars with ABS braking systems or traction control can avoid accidents and earn discounts up to 10%.
- Paperless Signup - Certain insurance companies will discount your bill up to fifty bucks for buying your policy digitally online.
- Claim Free - Fort Wayne drivers who stay claim-free can save substantially as compared to insureds who have frequent claims or accidents.
- Multiple Vehicles - Having primary and secondary vehicles with the same insurance company can reduce the rates for all insured vehicles.
- New Car Discount - Adding a new car to your policy can get you a discount because new model year vehicles keep occupants safer.
- Military Deployment Discount - Having a deployed family member could mean lower prices.
Policy discounts save money, but most discount credits are not given to all coverage premiums. The majority will only reduce individual premiums such as medical payments or collision. So even though it sounds like it's possible to get free car insurance, company stockholders wouldn't be very happy.
Companies that may offer quotes with many of the previously listed discounts possibly include:
If you need lower rates, check with each insurance company to apply every possible discount. Some discounts listed above might not be available to policyholders everywhere. To locate insurers with the best Kia Optima insurance discounts in Indiana, click here.
Decisions You Make Can Impact Your Insurance Prices
Many factors are part of the equation when premium rates are determined. Most are fairly basic like a motor vehicle report, although some other factors are more transparent like your vehicle usage or your commute time. An important part of buying insurance is that you know some of the factors that aid in calculating car insurance rates. When you understand what positively or negatively impacts your premiums, this allows you to make good choices that can earn you cheaper rates.
Insurance rates and vehicle performance - The make and model of the vehicle you drive makes a significant difference in your auto insurance rates. The cheapest rates tend to be for lower performance four cylinder passenger vehicles, but the final cost of insurance is determined by many other factors. Due to the fact that the Kia Optima is considered a passenger car, insuring your vehicle will cost similar in price or lower than the average rate where you live in Fort Wayne.
Insurance rates for married couples - Walking down the aisle can get you a discount compared to being single. Marriage generally demonstrates drivers are more responsible it has been statistically shown that drivers who are married are more cautious.
High credit scores save money - Your credit score factor in your rate calculation. People that have good credit tend to be less risk to insure as compared to drivers with lower ratings. If your credit can be improved, you could potentially save money when insuring your Kia Optima if you clean up your credit.
Do you really need the incidental coverages? - Policies have additional extra coverages that may not really be needed if you aren't diligent. Things like rental car coverage, death and dismemberment, and additional equipment coverage could be just wasting money. They may seem like a good idea at first, but if you have no use for them think about removing them and cutting costs.
Save by driving less - The more you drive in a year's time the more you will pay for car insurance. Almost all companies charge rates partially by how you use the vehicle. Autos used primarily for pleasure use cost less to insure as compared to vehicles used primarily for driving to work. Make sure your policy is rated on the correct usage for each vehicle, because improper ratings can cost you money. An incorrectly rated Optima is just wasting money.
Battle of the sexes - Over time, data shows that females tend to be a little less risky than males. It does not mean women are better drivers. Males and females get in at-fault accidents in similar percentages, but the male of the species tend to have higher claims. Men also receive more costly citations like DWI (DUI) or reckless driving.
Driver age impacts premiums - Older people are viewed as being more responsible, statistically cause fewer accidents, and usually have better credit.Drivers with little experience are statistically shown to be easily distracted with other occupants in the car so they pay higher car insurance rates.
Kia Optima statistical loss data - Insurance companies include the past claim trends for vehicles when determining insurance rates. Models that historically have a trend towards higher claim severity or frequency will have a higher cost to insure. The table shown below demonstrates the actual insurance loss data for Kia Optima vehicles.
For each coverage type, the statistical loss for all vehicles averaged together is considered to be 100. Percentage numbers below 100 indicate a favorable loss history, while values that are above 100 indicate frequent claims or an increased chance of larger losses than average.
Insurance Loss Ratings for Kia Optima Vehicles
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Kia Optima Hybrid||143||115||116||139||158||151|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Auto insurance is unique, just like you
Always keep in mind that when comparing adequate coverage for your vehicles, there really is no one size fits all plan. Every insured's situation is different.
Here are some questions about coverages that can aid in determining whether your personal situation might need professional guidance.
- Are rock chip repairs covered?
- Can I afford to buy a different vehicle if my Kia Optima is totaled?
- Who sells insurance for high-risk drivers?
- Does coverage follow the driver or the vehicle?
- Do I need more liability coverage?
- Do I have coverage when making deliveries for my home business?
- Do I need medical payments coverage since I have good health insurance?
- Is my ex-spouse still covered by my policy?
- Am I covered by my employer's commercial auto policy when driving my personal car for business?
If you're not sure about those questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you don't have a local agent, take a second and complete this form. It's fast, doesn't cost anything and can help protect your family.
Compare prices but buy from a local Fort Wayne insurance agency
Many drivers just prefer to buy from a local agent and doing so can bring peace of mind Most agents can make sure you are properly covered and help in the event of a claim. The best thing about comparing rates online is you can get the best rates but still work with a licensed agent.
To find an agent, once you fill out this form (opens in new window), your coverage information gets sent to insurance agents in Fort Wayne who will give you quotes for your insurance coverage. There is no need to contact any insurance agencies since price quotes are sent to you. If you want to quote rates from a particular provider, you just need to search and find their rate quote page and give them your coverage information.
Picking an insurance company needs to be determined by more than just a cheap quote. These are valid questions to ask:
- Do they see any coverage gaps in your plan?
- Are claim adjusters local or do you have to take your car somewhere else?
- Do the agents have professional certifications like CPCU or CIC?
- What are the financial ratings for the companies they represent?
- How would your car be valued if totalled?
- Will the agent help in case of a claim?
If you are wanting to purchase auto insurance from a good Fort Wayne insurance agent, you must know there are a couple different agency structures and how they work. Auto insurance agencies can be categorized as either independent agents or exclusive agents. Either one can sell and service auto insurance coverage, but it's important to know the difference in how they write coverage since it can impact your selection of an agent.
Exclusive Auto Insurance Agents
Agents that choose to be exclusive can only write with one company and some examples include AAA, Allstate, and State Farm. Exclusive agents cannot place coverage with different providers so you might not find the best rates. Exclusive agents are well schooled on sales techniques which aids in selling service over price. Consumers sometimes buy from the same agent for years mainly due to high brand loyalty rather than having the cheapest rates.
Listed below are Fort Wayne exclusive insurance agencies who may provide you with rate quotes.
- Sam Till Jr - State Farm Insurance Agent
615 Goshen Ave - Fort Wayne, IN 46808 - (260) 482-9623 - View Map
- Allstate Insurance: Keith Miller
4930 Illinois Rd Ste 1 - Fort Wayne, IN 46804 - (260) 434-0010 - View Map
- Allstate Insurance: Darren Vogt
5830 E State Blvd - Fort Wayne, IN 46815 - (260) 493-3507 - View Map
Independent Agencies or Brokers
Independent agents do not work for one specific company so as a result can place your coverage with lots of companies and find the cheapest rate. To move your coverage to a new company, they simply switch companies in-house and that require little work on your part.
If you are comparing auto insurance prices, you absolutely need to contact a few independent agents so that you can do a thorough price comparison. Most can insure with smaller mutual companies that may have much lower rates than larger companies.
Listed below is a short list of independent insurance agencies in Fort Wayne that are able to give price quote information.
- Real Estate Agents Health Insurance Direct
8411 Clinton Park Dr - Fort Wayne, IN 46825 - (855) 343-7344 - View Map
- Hylant Group
6714 Pointe Inverness Way #100 - Fort Wayne, IN 46804 - (260) 969-3900 - View Map
- Northern Insurance
7113 W Jefferson Blvd - Fort Wayne, IN 46804 - (260) 969-5613 - View Map
Be persistent to save money
People who switch companies do it for a variety of reasons including high prices, high rates after DUI convictions, policy cancellation or policy non-renewal. It doesn't matter what your reason, choosing a new company is actually quite simple.
You just learned a lot of techniques to reduce Kia Optima insurance premium rates online in Fort Wayne. The key thing to remember is the more rate quotes you have, the better your chances of lowering your prices. Consumers could even find that the lowest premium rates come from an unexpected company.
As you restructure your insurance plan, don't be tempted to buy lower coverage limits just to save a few bucks. There are too many instances where consumers will sacrifice uninsured motorist or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy a smart amount of coverage at the best possible price, but do not sacrifice coverage to save money.
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