We don’t have to point out that fact that car insurance companies don’t want you to look at other companies. Drivers who shop for lower prices are very likely to move their business because they have a good chance of finding a more affordable policy. A recent study showed that people who shopped around every year saved an average of $3,500 over four years compared to those who never compared rates.
If finding budget-friendly Kia Sedona insurance in Indianapolis is your ultimate goal, then understanding how to find and compare insurance rates can save time and money.
To save the most money, the best way to save money on Kia Sedona insurance in Indianapolis is to do a yearly price comparison from insurance carriers in Indiana.
- Take a few minutes and learn about how companies set rates and the measures you can take to drop your rates. Many risk factors that cause high rates like speeding tickets, careless driving and a less-than-favorable credit score can be controlled by making minor driving habit or lifestyle changes. Read the full article for ideas to find cheap prices and find overlooked discounts.
- Compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from one company like GEICO and Allstate, while agents who are independent can quote prices from many different companies.
- Compare the new quotes to the premium of your current policy and see if there is a cheaper rate. If you can save some money and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Provide adequate notice to your current company of your intent to cancel your current policy and submit the application along with any required down payment to your new agent or company. Don’t forget to keep your new certificate of insurance in a readily accessible location in your vehicle.
One key aspect of rate comparisons is to make sure you enter identical coverages on every quote and and to analyze all possible companies. Doing this ensures a fair rate comparison and and a good selection of different prices.
Buying the cheapest auto insurance in Indianapolis is really quite easy. If you already have coverage or just want cheaper rates, you can follow these tips to lower your rates and possibly find even better coverage. Consumers only need to know the best way to buy auto insurance using one simple form.
Smart Consumers Can Cut Insurance Costs
When buying auto insurance it’s important to understand a few of the rating criteria that aid in calculating the rates you pay for auto insurance. When you know what positively or negatively positively or negatively impacts your premiums, this enables you to make decisions that will entitle you to lower rates.
Save money by having good credit – Having a good credit score can be an important factor in calculating your premium rate. Insureds that have very good credit scores tend to be less risk to insure than drivers with bad credit. If your credit history can use some improvement, you could potentially save money when insuring your Kia Sedona by improving your rating.
Urban areas may pay more – Being located in smaller towns and rural areas of the country can save you money when trying to find low car insurance rates. Fewer people means a lower chance of having an accident in addition to fewer liability claims. People who live in big cities regularly have more auto accidents and much longer commute distances. More time commuting means more chances of being involved in an auto accident.
Save by driving cars with good safety ratings – Vehicles that have high safety ratings tend to have lower insurance rates. Highly rated vehicles reduce injuries and fewer injuries means less claims paid and thus lower rates. If your Kia scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
Eliminate extra coverages – There are quite a few optional add-on coverages you can purchase but may not be useful. Add-on coverages like roadside assistance, towing, and Farm Bureau memberships are some examples. They may sound like good ideas when you first buy your policy, but if you have no use for them eliminate the coverages to reduce your premium.
A policy lapse can increase premiums – Having an insurance coverage lapse can be a guaranteed way to increase your rates. And not only will your rates increase, being ticketed for driving with no insurance might get you a revoked license or a big fine. You could then be forced to prove you have insurance by filing a SR-22 with the Indiana DMV.
You might get higher rates if you are single – Having a wife or husband may earn you lower rates on your auto insurance policy. Having a significant other is viewed as being more mature and responsible and statistics prove drivers who are married file infrequent claims.
Kia Sedona insurance loss statistics – Companies analyze historical claim data to help calculate premium rates. Vehicles that are shown to have higher losses will cost more for specific coverages.
The table below illustrates the insurance loss data for Kia Sedona vehicles. For each insurance policy coverage type, the loss probability for all vehicles averaged together is set at 100. Values that are 100 or less indicate better than average losses, while numbers above 100 point to more frequent losses or an increased chance of larger losses than average.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Kia Sedona | 102 | 64 | 96 | 116 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Analysis of Kia Sedona rates
The price information shown next showcases estimates of rate quotes for Kia Sedona models. Knowing how insurance policy rates are formulated can assist in making decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sedona | $268 | $442 | $322 | $20 | $96 | $1,148 | $96 |
| Sedona LX | $268 | $536 | $322 | $20 | $96 | $1,242 | $104 |
| Sedona EX | $302 | $536 | $322 | $20 | $96 | $1,276 | $106 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Information does not factor in specific garaging location which can change premium rates significantly.
Insurance prices based on gender
The illustration below shows the difference between Kia Sedona car insurance rates for male and female drivers. The rates are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, single marital status, and no discounts are taken into consideration.
Comparison of full coverage and liability-only policies
The illustration below illustrates the comparison of Kia Sedona auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Indiana. The prices are based on no accidents, no driving violations, $100 deductibles, single status, and no discounts are applied.
When to drop comprehensive and collision
There is no written rule to stop paying for physical damage insurance, but there is a general school of thought. If the annual cost of coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s assume your Kia Sedona book value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $6,000 after paying your deductible. If premium cost is more than $600 annually to have full coverage, then you might consider buying liability only.
There are some situations where buying only liability insurance is not a good idea. If you still owe a portion of the original loan, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Cheap Indianapolis car insurance quotes with discounts
Auto insurance companies don’t list every policy discount in an easy-to-find place, so we researched a few of the more common and the more hidden credits available to you.
- Student Discounts – Being a good student may save you up to 25%. Earning this discount can benefit you until age 25.
- Distant Student – Children who live away from home at college and don’t have a car may be able to be covered for less.
- Student Discount for Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class as it will make them better drivers and lower rates.
- Discounts for Seat Belt Usage – Buckling up and requiring all passengers to use a seat belt can save 10% or more off the medical payments premium.
- Life Insurance – Select companies reward you with a discount if you purchase a life insurance policy as well.
- Payment Discounts – If you pay your bill all at once instead of monthly or quarterly installments you can actually save on your bill.
- Save with More Vehicles Insured – Drivers who insure several vehicles on a single policy can get a discount for every vehicle.
- Military Rewards – Having a deployed family member may lower your prices slightly.
- Air Bag Discount – Factory options such as air bags or motorized seat belts may earn rate discounts of 20% or more.
Keep in mind that many deductions do not apply to the whole policy. Most only apply to the price of certain insurance coverages like liability and collision coverage. If you do the math and it seems like adding up those discounts means a free policy, that’s just not realistic.
The example below illustrates the difference between Kia Sedona car insurance costs with and without some available policy discounts. The prices are based on a male driver, no claims or driving violations, Indiana state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, multi-policy, safe-driver, claim-free, and homeowner discounts applied.
To find insurance companies with the best Kia Sedona insurance discounts in Indianapolis in Indiana, click here.
Smart shoppers get results
When you buy Indianapolis car insurance online, don’t be tempted to sacrifice coverage to reduce premiums. There have been many cases where an insured cut full coverage to discover at claim time that it was a big error on their part. Your goal should be to buy enough coverage for the lowest cost.
Throughout this article, we presented quite a bit of information on how to get a better price on Kia Sedona insurance in Indianapolis. The key thing to remember is the more price quotes you have, the better your chances of lowering your car insurance rates. You may even discover the biggest savings come from the least-expected company. Smaller companies may cover specific market segments cheaper than their larger competitors like Progressive or GEICO.
Helpful information
- Distracted Driving (Insurance Information Institute)
- What Car Insurance is Cheapest for a Nissan Versa in Indianapolis? (FAQ)
- What Car Insurance is Cheapest for a Chevrolet Silverado in Indianapolis? (FAQ)
- Who Has Affordable Indianapolis Car Insurance Rates for a Toyota Highlander? (FAQ)
- What Auto Insurance is Cheapest for Government Employees in Indianapolis? (FAQ)
- Who Has Cheap Auto Insurance with Multiple Speeding Tickets in Indianapolis? (FAQ)
- Who Has Cheap Indianapolis Car Insurance for Drivers Under 21? (FAQ)
- Get the Right Protection (InsureUonline.org)
- Auto Theft Statistics (Insurance Information Institute)
- How do I File a Claim? (Insurance Information Institute)
- Auto Insurance FAQ (Farmers Insurance)