Finding the cheapest coverage for a Kia Optima is pretty easy for most people to do, but it hinges on a fairly complex equation with a lot of factors such as annual vehicle mileage, your credit score, and any prior driving offenses you have. Drivers in Nebraska pay around $791 each year to insure their Optima, but that is a projection using a 30-year-old single male driver with full comprehensive and collision coverage and $1,000 deductibles.
But there is a high likelihood that you may not be 30 years old (or even male), you might be married instead of single, or maybe you have a teenager that needs to be on your policy. Even a minor change in rating criteria or coverage limits can make a big difference in the price of a policy.
Auto insurance is unique to each driver, so the way we recommend to find affordable rates for your Kia is to compare as many rates as possible. Rate quotes are easy and you will be able to see rates from top-rated companies available.
Your vehicle’s trim level will likely have an effect on the yearly cost, so the cost to insure a Optima LX will be $64 less than the cost to insure the more costly Optima SX version, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Optima LX | $164 | $246 | $444 | $26 | $132 | $1,012 | $84 |
| Optima EX | $184 | $290 | $444 | $26 | $132 | $1,076 | $90 |
| Optima SX | $184 | $290 | $444 | $26 | $132 | $1,076 | $90 |
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Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Price estimates do not factor in specific garaging location which can lower or raise premiums considerably.
Determining which insurers offer the most affordable insurance rates for a Kia Optima will take a bit more effort in order to find the best policy.
Every insurance provider uses a little different formula for setting prices, so we need to take a look at the insurance companies with the most affordable rates in Lincoln. We do need to point out that Lincoln, NE insurance rates are impacted by many things that may substantially change the cost of a policy. Simply having another birthday, moving across town, or getting a driving violation may generate price changes resulting in some rates now being cheaper in comparison to the competition.
Best Car Insurance Prices for Your Optima
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $804 |
| 2 | The Hartford | $865 |
| 3 | Auto-Owners | $896 |
| 4 | Allied | $939 |
| 5 | Farm Bureau Mutual | $980 |
| 6 | Nationwide | $1,007 |
| 7 | Farmers Mutual of Nebraska | $1,009 |
| 8 | American National | $1,065 |
| 9 | State Farm | $1,075 |
| 10 | General Casualty | $1,092 |
| 11 | USAA | $1,150 |
| 12 | California Casualty | $1,270 |
| 13 | American Family | $1,296 |
| 14 | EMC | $1,300 |
| 15 | Iowa Mutual | $1,308 |
| 16 | MetLife | $1,319 |
| 17 | GEICO | $1,322 |
| 18 | Progressive | $1,402 |
| 19 | Farmers | $1,602 |
| 20 | North Star | $1,710 |
| Get a Custom Quote Go | ||
Safeco normally has some of the cheapest car insurance rates in Lincoln at around $804 a year. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual would also make the list of some of the best Lincoln, NE insurance companies.
As depicted above, if you buy coverage from Farm Bureau Mutual and switched to The Hartford, you might see savings of in the neighborhood of $115. Policyholders with Nationwide may save as much as $142 a year, and Farmers Mutual of Nebraska customers might cut rates by $144 a year.
To get a quick, customized rate comparison, click here or click through to the companies below.
Bear in mind that those rates are averages across all insureds and vehicles and do not take into consideration an exact zip code location for a Kia Optima. So the insurer that fits your age and vehicle best may not even be in the list above. That illustrates why you need to get auto insurance quotes using your own specific driver and vehicle information.
Cost difference between full coverage and liability
Finding the cheapest insurance is the goal of the majority of drivers, and one way to pay less for insurance for a Kia Optima is to buy liability only. The diagram below shows the difference between auto insurance rates with full physical damage coverage and with liability coverage only. The information is based on no claims, a clean driving record, $1,000 deductibles, marital status is single, and no discounts are applied.
As an average, comprehensive and collision coverage on your policy costs $1,600 per year over and above liability only. A very common question is if paying for full coverage is a waste of money. There is no definitive formula for excluding comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is more than around 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
There are some cases where buying only liability insurance is not advised. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
Why it’s important to shop around
Lincoln, NE insurance rates are based on many factors that control the price you pay. Simply getting older, increasing deductibles, or having an accident can trigger price changes resulting in some companies being more affordable than before. Not only that, but car insurance companies amend premium rates every year or even multiple times each year to help ensure profitability. Higher than usual claims can cause rate hikes, while better underwriting may produce lower-priced Optima insurance rates.
For instance, the chart below shows a variety of companies that have the cheapest car insurance in Lincoln, NE for a 30-year-old female driver with no violations or accidents, and excellent credit. When quoting prices based on her personal risk profile, Safeco may offer the most affordable car insurance rates in Lincoln at $780 a year. This is $536 less than the average rate paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska are the remaining cheapest Lincoln, NE auto insurance companies.
In the next rate comparison, we’ll give the driver in the first chart an at-fault accident, bad credit, and an imperfect driving record. Due to the fact that each insurance company has a unique formula to set their prices, comparing insurance quotes could result in a new list of cheap Lincoln auto insurance companies as shown below.
Nationwide now has the cheapest insurance rate in Lincoln, NE with State Farm, American National, General Casualty, and USAA also having competitive pricing. This example shows why consumers need to take the time to perform a complete rate comparison to get the cheapest auto insurance quotes for a Kia Optima. Insurance prices are made up of many factors and change substantially, so the most economical option the last time you checked may now be one of the higher cost companies.
How to find budget-friendly auto insurance for a Kia Optima
Lowering your rates is not difficult, and here are many thrifty ideas that can help Nebraska drivers find cheaper coverage.
- Higher credit scores can equal lower rates
- Buying home and auto together can help save money
- Do not pay for full coverage if not needed
- Buy vehicles with good safety ratings
- Do not get into accidents that are your fault
- Comparison shop at least once a year
The last idea is remarkably vital, as was stressed in this article. Car insurance prices in Lincoln can be modified anytime, so don’t be tentative to change insurance companies if you can find a cheaper rate. We understand brand loyalty, but it isn’t a good idea if that inflexibility results in costing you hundreds of dollars a year. If you have a few minutes, compare prices and find cheaper car insurance for a Kia Optima.