Truthfully, the best way to find the cheapest price for Kia Optima insurance is to compare quotes once a year from insurance carriers in Lincoln. Rate comparisons can be done by completing these steps.
- Take a little time to learn about policy coverages and the factors you can control to keep rates in check. Many risk factors that result in higher rates such as accidents, careless driving, and a substandard credit score can be eliminated by making small lifestyle or driving habit changes.
- Get rate quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from one company like GEICO or Farmers Insurance, while independent agents can provide prices from many different companies. View a list of agents
- Compare the quotes to the price on your current policy and determine if cheaper Optima coverage is available. If you find better rates, verify that coverage does not lapse between policies.
A valuable tip to remember is to try to compare the same deductibles and limits on each quote and and to get quotes from as many companies as feasibly possible. This enables an accurate price comparison and the best price selection.
A study showed that the vast majority of drivers renewed their policy with the same company for over three years, and approximately 38% of consumers have never even compared quotes to find cheap rates. Many consumers in Nebraska could pocket approximately 30% a year just by shopping around, but they don’t know the big savings they would realize if they switched.
Most larger insurance companies give prices for coverage directly from their websites. Comparing prices online for Kia Optima insurance in Lincoln is quite easy because it’s just a matter of typing in your coverage preferences as detailed in the form. Upon sending the form, their system automatically retrieves your credit score and driving record and returns a price based on the data you entered.
Getting online rate quotes for Kia Optima insurance in Lincoln makes comparing rates easy, and it’s also necessary to have as many quotes as possible in order to get a lower rate.
To save time and find out what other companies charge, take a look at the companies shown below. If you have coverage now, it’s recommended you input the coverage information identical to your current policy. This helps ensure you’re receiving a price comparison based on identical coverages.
The car insurance companies shown below provide free rate quotes in Lincoln, NE. To buy cheaper auto insurance in Lincoln, NE, it’s a good idea that you visit as many as you can in order to get a fair rate comparison.
Detailed insurance information
The coverage information shown next outlines estimates of insurance coverage prices for Kia Optima models. Having knowledge of how prices are established can assist in making informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Optima LX | $146 | $262 | $318 | $18 | $96 | $840 | $70 |
| Optima EX | $164 | $308 | $318 | $18 | $96 | $904 | $75 |
| Optima SX | $164 | $308 | $318 | $18 | $96 | $904 | $75 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Prices do not factor in specific garaging location which can alter premiums substantially.
The example below illustrates how choosing a deductible and can impact Kia Optima insurance costs for different age groups of insureds. The information is based on a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
How to Lower Your Insurance Prices
Multiple criteria are taken into consideration when you get your auto insurance bill. A few of the factors are predictable such as your driving history, although some other factors are more transparent like where you live or how financially stable you are. Smart consumers have a good feel for some of the factors that help calculate your premiums. When consumers understand what determines premiums, this enables informed choices that can earn you big savings.
The factors shown below are some of the most common factors used by insurance companies to determine your rate level.
Tickets increase costs – Attentive drivers tend to pay less for car insurance compared to drivers with tickets. Even one chargeable violation may cause rates to rise by twenty percent. People who have serious violations like hit and run, DWI or reckless driving convictions may be required to maintain a SR-22 with their state’s department of motor vehicles in order to prevent their license from being revoked.
The illustration below illustrates how speeding tickets and at-fault accidents can increase Kia Optima insurance prices for different categories of driver ages. The costs are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
Consolidate policies with the same company – The majority of insurers apply better rates to insureds who buy several policies from them such as combining an auto and homeowners policy. The discount can be ten percent or more. Even if you qualify for this discount already, it’s still a good idea to shop around to make sure you are getting the best deal.There is a chance you can save money even if you insure with multiple companies
What type of car do you drive? – The performance of the vehicle you need insurance for makes a huge difference in determining your rates. Lower performance four cylinder passenger vehicles generally have the cheapest insurance rates, but many other things help determine your insurance rates.
The following chart uses these variables: single male driver age 20, full coverage with $100 deductibles, and no discounts or violations. It compares Kia Optima insurance rates compared to other makes and models that have a range of performances.
Are women or men drivers cheaper? – Over the last 30 years, statistics show that females tend to be a little less risky than males. However, this does not mean females are better drivers. Males and females get in accidents at about the same rate, but the males get into accidents with more damage. They also have more aggressive citations like DUI and reckless driving.
The chart below visualizes the comparison of Kia Optima yearly insurance costs for male and female drivers. The information is based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, marital status is single, and no discounts are applied.
Stress out and pay more – Occupations such as doctors, executives, and dentists generally pay higher average rates due to intense work-related stress and extremely grueling work hours. On the other hand, occupations such as farmers, engineers and performers have the lowest average rates.
Having a spouse can lower rates – Getting married may cut your premiums on your car insurance policy. Having a spouse generally demonstrates drivers are less irresponsible and insurance companies like that drivers who are married file infrequent claims.
Drive less and save – The more miles you rack up on your Kia every year the higher the price you pay to insure it. A lot of insurance companies price each vehicle’s coverage determined by how the vehicle is used. Vehicles not used for work or commuting receive lower rates than vehicles that are driven to work every day. Improper usage on your Optima may be wasting your money. It’s a smart idea to ensure your vehicle rating properly reflects the correct usage for each vehicle.
Kia Optima historical loss data – Insurance companies include the past claim history for a vehicle when setting rates for each model. Models that tend to have a trend towards higher claims will have increased rates. The next table illustrates the insurance loss data for Kia Optima vehicles.
For each coverage type, the claim probability for all vehicles, regardless of make, model or trim level, is equal to 100. Numbers under 100 represent a good loss history, while numbers above 100 indicate more frequent losses or a tendency for claims to be larger.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Kia Optima | 115 | 101 | 107 | 133 | 142 | 120 |
| Kia Optima Hybrid | 143 | 115 | 116 | 139 | 158 | 151 |
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Three reasons insurance is important
Despite the high cost of buying insurance for a Kia Optima in Lincoln, paying for insurance is required in Nebraska but also provides important benefits.
- Almost all states have minimum mandated liability insurance limits which means you are required to buy specific limits of liability insurance coverage in order to get the vehicle licensed. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your Kia Optima with a loan, almost every bank will stipulate that you carry insurance to guarantee payment of the loan. If you do not keep the policy in force, the bank may insure your Kia at a much higher premium rate and force you to pay much more than you were paying before.
- Insurance safeguards both your car and your personal assets. It also can pay for medical bills for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also covers legal expenses if you are sued as the result of your driving. If mother nature or an accident damages your car, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of carrying adequate insurance greatly outweigh the cost, especially for larger claims. According to a recent study, the average American driver is wasting up to $820 a year so we recommend shopping around each time the policy renews to help ensure money is not being wasted.