Cheapest Kia Optima Insurance in Indianapolis

No car owner rejoices having to buy car insurance, especially when they could find better prices if they shop around.

Sadly, about 70% of customers have bought car insurance from the same company for at least the last four years, and 38% of drivers have never shopped around. Drivers in Indiana could save approximately $700 every year just by getting comparison quotes, but they won’t spend time to compare rates online. Online insurance companies like Progressive, GEICO and Farmers Insurance all claim big savings, bombarding you with ad campaigns and it is difficult to ignore the flashy ads and find the best price available.

It’s important to do price comparisons before your next renewal due to the fact that insurance prices change frequently. Even if you think you had the best rates on Kia Optima insurance in Indianapolis a couple years back there is a good chance you can find better premium rates now. Block out anything you think you know about car insurance because you’re about to find out the best methods to find the best coverage while lowering your premiums.

If you have coverage now or want to find a cheaper company, follow these tips to lower your rates and possibly find even better coverage. Choosing the best rates in Indianapolis is actually not that difficult if you follow our advice. Vehicle owners just need to understand the most efficient way to get comparison rates from many different companies.

Most companies such as Allstate and Progressive provide insurance quotes direct online. Getting online rates for Kia Optima insurance in Indianapolis is very simple because it’s just a matter of typing in the amount of coverage you want into the quote form. Once you submit the form, the system automatically retrieves your credit score and driving record and provides a quote based on many factors. This simplifies rate comparisons, and it’s absolutely necessary to have as many quotes as possible in order to get the cheapest price possible.

If you want to find out how much you’re overpaying now, compare rates now from the companies shown below. If you have coverage now, it’s recommended you copy coverages and limits just like they are on your policy. This guarantees you will have a price comparison for similar coverage.

The auto insurance companies shown below have been selected to offer comparison quotes in Indiana. If multiple companies are listed, we suggest you visit as many as you can to get the most affordable price.

Indianapolis insurance discounts for a Kia Optima

Companies don’t list every discount available very clearly, so the list below gives a summary of a few of the more common and also the lesser-known ways to save on insurance.

• Homeowners Savings – Just being a homeowner may earn you a small savings because maintaining a house is proof that your finances are in order.
• Military Discounts – Having a deployed family member may lower your premium rates slightly.
• Waiver for an Accident – Not necessarily a discount, but a handful of insurance companies will forgive one accident before raising your premiums so long as you are claim-free before the accident.
• Anti-theft System – Anti-theft and alarm system equipped vehicles can help prevent theft and therefore earn up to a 10% discount.
• Distant College Student Discount – Youth drivers who are attending college and won’t have access to an insured vehicle may qualify for this discount.
• Discounts for Cautious Drivers – Drivers who don’t get into accidents can save as much as half off their rates than drivers with accidents.
• Passive Restraints – Vehicles equipped with air bags can receive discounts of up to 25% or more.
• Discounts for Federal Employees – Active or retired federal employment can save as much as 8% with a few insurance companies.
• Claim-Free Discount – Drivers who don’t have accidents can earn big discounts in comparison with bad drivers.

Discounts reduce rates, but you should keep in mind that most discounts do not apply to your bottom line cost. A few only apply to the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, it just doesn’t work that way.

The chart below illustrates the comparison of Kia Optima premium costs with and without discounts being applied to the rates. The premium estimates are based on a male driver, no violations or claims, Indiana state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, marriage, claim-free, safe-driver, and homeowner discounts applied.

Large insurance companies and some of their more popular discounts can be read below.

• State Farm offers discounts including accident-free, good driver, multiple policy, Steer Clear safe driver discount, anti-theft, driver’s education, and good student.
• GEICO has discounts for multi-vehicle, good student, multi-policy, seat belt use, anti-theft, and five-year accident-free.
• Allstate offers premium reductions for resident student, teenSMART discount, good student, 55 and retired, multi-policy, and safe driver.
• SAFECO may include discounts for anti-lock brakes, drive less, safe driver, multi-car, homeowner, and teen safety rewards.
• Farm Bureau offers discounts for good student, driver training, safe driver, 55 and retired, multi-policy, youthful driver, and renewal discount.
• Progressive policyholders can earn discounts including multi-policy, homeowner, continuous coverage, online quote discount, multi-vehicle, online signing, and good student.
• AAA discounts include good student, pay-in-full, good driver, multi-car, multi-policy, anti-theft, and education and occupation.

If you are trying to find cheaper Indianapolis auto insurance quotes, ask each company or agent which discounts they offer. Some of the discounts discussed earlier may not apply to policies in every state. To see a list of insurers that offer the discounts shown above in Indiana, click here to view.

Data for Kia Optima insurance

The price information below highlights a range of insurance policy prices for Kia Optima models. Having a good understanding how insurance prices are determined can help customers make informed purchases.

Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Estimates do not factor in garaging location in Indianapolis which can increase or decrease prices noticeably.

Where to set your deductibles

One of the most common auto insurance questions is what deductibles to buy. The rates below can help illustrate how much more you’ll pay between low and high physical damage coverage deductibles. The first set of prices uses a $250 deductible for physical damage and the second rate chart uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can impact price quotes substantially.

Using the premium rates above, we can conclude that using a $250 deductible could cost the average driver approximately $11 more each month or $132 annually averaged for all Optima models than requesting the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you normally average at least 23 months between claim filings, you would most likely save money if you opt for a higher deductible.

The diagram below illustrates how your choice of deductibles and can raise or lower Kia Optima insurance costs for each age group. The costs are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.

Kia Optima insurance costs by age and gender

The information below shows the difference between Kia Optima premium costs for male and female drivers. The prices are based on no claims or driving violations, full coverage, $1,000 deductibles, drivers are single, and no discounts are applied.

Compare prices but buy from a local Indianapolis insurance agency

A small number of people would rather get professional advice from a licensed agent and that is OK! Good agents can make sure you are properly covered and help in the event of a claim. One of the great benefits of comparing insurance prices online is that you can obtain lower rates and still choose a local agent. Buying insurance from local agents is important especially in Indianapolis.

After completing this form (opens in new window), your insurance data is submitted to local insurance agents who will give competitive quotes to get your business. You won’t even need to contact an agency as quotes are delivered directly to you. If you wish to compare rates from a particular provider, don’t hesitate to find their quoting web page and fill out their quote form.

Compare rates from both independent and exclusive auto insurance agents

If you need to find local Indianapolis agents, you should know the different types of agencies and how they can quote your rates. Insurance agencies in Indianapolis are either exclusive or independent (non-exclusive). Either one can insure your vehicles properly, but it’s a good idea to understand how they are different because it may have an impact on the kind of agent you use.

Independent Insurance Agents

Agents that choose to be independent are appointed with more than one company so as a result can place your coverage with an assortment of companies and find the cheapest insurance rates. To move your coverage to a new company, they simply move your policy to a different company and you don’t have to switch agencies. When comparing rate quotes, you should always contact a few independent agents to get the best comparison.

The following are Indianapolis independent agents that may be able to give pricing information.

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Exclusive Agencies

Exclusive agents have only one company to place business with such as State Farm, Allstate and AAA. They are unable to compare rates from other companies so they have to upsell other benefits. Exclusive insurance agents are trained well in insurance sales and that enables them to sell even at higher rates.

Shown below is a list of exclusive agents in Indianapolis that are able to give price quote information.

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Deciding on an auto insurance agent should depend on more than just a cheap quote. These are some valid questions you should ask.

• When do they do policy reviews?
• Does the agency have a positive business rating?
• Do you work with a CSR or direct with the agent?
• Are they able to provide referrals?
• How experienced are they in personal risk management?

Tailor your car insurance coverage to you

Always remember that when buying proper insurance coverage, there really is not a single plan that fits everyone. Your financial needs are unique so your insurance should reflect that
For example, these questions can aid in determining whether or not you could use an agent’s help.

• Do I have coverage if my license is suspended?
• Do I need special endorsements for business use of my vehicle?
• How long can I keep a teen driver on my policy?
• Am I covered when driving in Canada or Mexico?
• How many claims can I have before being canceled?
• Who sells insurance for high-risk drivers?
• Does having multiple vehicles earn me a discount?
• What is the minimum liability in Indiana?
• Is a driver training discount available?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

Learn How to Lower Your Insurance Costs

Lots of factors are used when you get a price on insurance. Some are obvious like a motor vehicle report, although some other factors are more obscure like your continuous coverage or your commute time.

Liability coverage – Your policy’s liability coverage is the protection when you are determined to be liable for causing personal injury or damage in an accident. It provides you with a defense in court starting from day one. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.

Car and home together may be cheaper – Most major companies give better rates to people who buy several policies from them in the form of a multi-policy discount. This can amount to 10 percent or more. If you currently are using one company, drivers will still want to comparison shop to guarantee you are still saving the most.

The higher your credit rating the lower your prices – A driver’s credit rating can be an important factor in determining your rates. People with high credit scores tend to file fewer claims and have better driving records than drivers with bad credit. If your credit rating leaves room for improvement, you could save money insuring your Kia Optima if you clean up your credit.

Lower miles equals lower premium – The higher the mileage driven every year the more you’ll pay to insure it. A lot of companies rate vehicles based upon how much you drive. Vehicles not used for work or commuting can get a lower rate than vehicles that are driven to work every day. Verify your car insurance policy is showing the proper vehicle usage, because improper ratings can cost you money. Incorrect rating for your Optima is throwing money out the window.

Fast cars cost more to insure – The performance level of the vehicle you drive makes a huge difference in your rates. The lowest premiums tend to be for small economy passenger cars, but that’s not the only thing that factors into the final price.

The next chart uses these assumptions: single female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It shows Kia Optima insurance rates compared to other makes and models that have a range of risk factors.

Insurance losses for a Kia Optima – Insurers use historical loss data to calculate a rate that offsets possible losses. Vehicles that statistically have a higher amount or frequency of claims will have higher premium rates.

The table below demonstrates the loss history for Kia Optima vehicles. For each policy coverage type, the claim probability for all vehicles, as a total average, is set at 100. Numbers below 100 represent a good loss history, while percentages above 100 point to more frequent losses or an increased probability of a larger loss.

Insurance does more than just repair your car

Even though it’s not necessarily cheap to insure a Kia in Indianapolis, paying for insurance is not optional due to several reasons.

First, the majority of states have minimum liability requirements which means state laws require specific limits of liability insurance coverage in order to license the vehicle. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a lien on your Kia Optima, it’s most likely the lender will make it a condition of the loan that you carry insurance to guarantee loan repayment. If you default on your policy, the lender will be forced to insure your Kia at a much higher premium rate and require you to fork over the higher price.

Third, insurance preserves both your assets and your vehicle. It will also cover hospital and medical expenses for both you and anyone you injure as the result of an accident. Liability coverage also pays for attorney fees and expenses if you cause an accident and are sued. If your car is damaged in a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.

The benefits of insuring your Optima are definitely more than the cost, particularly for liability claims. Unknowingly, the average driver is currently overpaying as much as $855 a year so smart consumers compare quotes each time the policy renews to be sure current rates are still competitive.

Keep this in mind when shopping around

Cost effective Kia Optima insurance can be bought from both online companies and from local insurance agents, so get free Indianapolis auto insurance quotes from both of them in order to have the best chance of saving money. Some companies may not offer rates over the internet and many times these small, regional companies only sell coverage through local independent agents.

Throughout this article, we presented a lot of techniques to compare Kia Optima insurance prices in Indianapolis. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may even discover the most savings is with the smaller companies. Smaller companies may only write in your state and offer lower rates than their larger competitors like Allstate and Progressive.

How to find low-cost Kia Optima insurance in Indianapolis

It takes a few minutes, but the best way to quote cheaper Kia Optima insurance in Indianapolis is to compare quotes once a year from companies who provide car insurance in Indiana. Rate comparisons can be done by completing these steps.

• First, learn about how your policy works and the factors you can control to keep rates low. Many rating factors that are responsible for high rates like multiple speeding tickets and a poor credit score can be remedied by making minor changes in your lifestyle.
• Second, quote rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from one company like Progressive and State Farm, while independent agents can provide rate quotes from many different companies. View insurance agents
• Third, compare the price quotes to your current policy premium to see if cheaper Optima coverage is available in Indianapolis. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.
• Fourth, give notification to your agent or company of your decision to cancel your current coverage and submit a down payment along with a completed application to your new insurance company. Once the paperwork is finalized, keep your new certificate verifying proof of insurance in a readily accessible location in your vehicle.

A good tip to remember is to try to compare the same coverage limits and deductibles on every quote and and to get rate quotes from as many companies as you can. Doing this helps ensure an accurate price comparison and the most accurate and complete price analysis.

Additional information is located at these links:

• Where can I buy Insurance? (Insurance Information Institute)
• Who Has the Cheapest Auto Insurance for Young Drivers in Indianapolis? (FAQ)
• Who Has Cheap Indianapolis Auto Insurance Quotes for Hybrid Vehicles? (FAQ)
• How Much are Car Insurance Quotes for Good Drivers in Indianapolis? (FAQ)
• Who Has Cheap Car Insurance for a Chevrolet Traverse in Indianapolis? (FAQ)
• How Much are Auto Insurance Rates for a Mazda CX-7 in Indianapolis? (FAQ)
• Your Car has been Stolen: Now What? (Allstate)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
• Drunk Driving Statistics (Insurance Information Institute)