Think you have overpriced Kia Optima insurance in Aurora? You're preaching to the choir because you're not alone.
Astonishing but true, a large majority of consumers have purchased from the same company for at least the last four years, and just under half have never quoted rates to find cheaper coverage. Colorado drivers could save an average of roughly $600 each year just by getting comparison quotes, but they just don't want to go online and compare rates.
Big-name insurance companies like State Farm, GEICO and Farmers Insurance continually bombard you with ad campaigns and it is challenging if not impossible to see through the cute green geckos and mayhem and take the time to shop coverage around.
How to get Aurora Kia Optima insurance rate quotes
Just remember that more quotes will improve the odds of getting the best offered rates. Some regional insurers cannot provide online Aurora Optima insurance quotes, so you also need to get price estimates from them as well.
The providers in the list below offer price quotes in Aurora, CO. If you wish to find cheap auto insurance in Colorado, it's highly recommended you get rates from several of them in order to find the most competitive rates.
Lower rate quotes by taking advantage of discounts
Some insurance providers don't always publicize the complete list of policy discounts in a way that's easy to find, so the next list breaks down a few of the more common as well as the least known credits available to bring down your rates.
- Braking Control Discount - Anti-lock brake equipped vehicles can stop better under adverse conditions and the ABS can save up to 10%.
- Senior Discount - Older drivers are able to get a small discount on rates.
- Payment Discounts - If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
- Discount for Passive Restraints - Factory air bags can qualify for discounts of up to 25% or more.
- Driver's Ed - Have your child take driver's ed class in school or through a local driver safety program.
- Online Discount - A few larger online companies will give a small break for buying a policy and signing up on the web.
A little note about advertised discounts, some credits don't apply to your bottom line cost. Most only cut the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like you could get a free car insurance policy, insurance companies wouldn't stay in business. Any amount of discount will positively reduce the premium cost.
The illustration below compares Kia Optima car insurance rates with and without discounts applied to the policy premium. The rates are based on a female driver, no accidents or driving violations, Colorado state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, claim-free, homeowner, marriage, and multi-car discounts applied.
A few companies that may have some of the above discounts include:
Check with each company or agent how many discounts you can get. Some credits might not apply in every state. For a list of insurance companies offering car insurance discounts in Aurora, follow this link.
Auto insurance statistics for a Kia Optima
The table displayed below highlights detailed analysis of insurance costs for Kia Optima models. Understanding how premiums are figured is important for drivers to make informed decisions when comparing rate quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Premium costs do not factor in vehicle location which can impact auto insurance rates noticeably.
The information below shows how choosing a deductible and can affect Kia Optima insurance costs for each age group. The price estimates are based on a married male driver, comp and collision included, and no discounts are applied.
Should you buy full coverage?
The chart below visualizes the comparison of Kia Optima insurance costs with and without physical damage coverage. The rate quotes are based on no violations or accidents, $250 deductibles, drivers are single, and no discounts are applied to the premium.
Guidelines for dropping full coverage
There is no clear-cut rule to delete physical damage coverage, but there is a guideline you can use. If the annual cost of coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let's pretend your Kia Optima replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $4,000 after you pay the deductible. If you are currently paying more than $400 annually for full coverage, then you might consider buying liability only.
There are some situations where eliminating full coverage is not advised. If you haven't paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should keep full coverage in place.
Do I need an insurance agency?
Some people just prefer to sit down with an agent and that is OK! One of the best bonuses of getting online price quotes is that drivers can save money and get lower rates and also buy local.
After completing this simple form, the coverage information is sent to agents in your area who can give free rate quotes to get your business. You won't need to contact an agency due to the fact that quote results will go immediately to your email address. You can get cheaper insurance rates and an insurance agent to talk to. In the event you want to get a rate quote from a specific insurance company, you would need to find their quoting web page and fill out the quote form the provide.
Choosing an insurer shouldn't rely on just a cheap quote. These are some questions your agent should answer.
- How are claims handled?
- Will they give you a referral list?
- Are they primarily personal or commercial lines agents in Aurora?
- What will you get paid if your car is a total loss? How is that amount determined?
- Which companies can they place coverage with?
Choose an insurance agent wisely
If you want to use a local insurance agency, it's helpful to know the different types of agencies and how they can service your needs differently. Insurance agents in Aurora can either be exclusive agents or independent agents.
Exclusive Insurance Agencies
These type of agents can only provide one company's prices like Allstate, State Farm and Farmers Insurance. Exclusive agents cannot place coverage with different providers so they are skilled at selling on more than just price. Exclusive insurance agents receive extensive training on their products and sales techniques which helps them sell on service rather than price.
Listed below are Aurora exclusive agencies willing to provide price quote information.
American Family Insurance - Rick Laikola Agency Inc.
3102 S Parker Rd Ste A16 - Aurora, CO 80014 - (303) 696-2666 - View Map
Independent Agencies or Brokers
These agents are not limited to a single company so they have the ability to put coverage amongst many companies and find the cheapest rate. If they find a cheaper price, they simply move your policy to a different company and you don't have to switch agencies.
If you need lower rates, it's a good idea to get quotes from at least one independent agent so that you have a good selection of quotes to compare.
Listed below is a short list of independent agencies in Aurora willing to provide rate quotes.
BUD JUDY AGENCY, INC. (INDEPENDENT INSURANCE AGENCY)
2222 S Fraser St Unit 4 - Aurora, CO 80014 - (303) 368-5839 - View Map
A Complete Auto Insurance Agency
543 Sable Blvd - Aurora, CO 80011 - (303) 650-0060 - View Map
Educated Choices Result in Lower Insurance Prices
Many things are taken into consideration when you get your auto insurance bill. Some of the criteria are obvious such as your driving record, although some other factors are more obscure such as your credit history and annual miles driven. It's important that you understand the different types of things that play a part in calculating the level of your policy premiums. If you know what controls the rates you pay, this helps enable you to make changes that may reward you with much lower annual insurance costs.
Gender and insurance costs - Statistics show that women are safer drivers than men. However, this does not mean women are better drivers. They both cause auto accidents at about the same rate, but the male of the species have costlier accidents. Men also get cited for more serious violations such as reckless driving. Youthful male drivers are the most expensive to insure so they pay the highest premiums.
The diagram below illustrates the comparison of Kia Optima insurance premiums for male and female drivers. The rates are based on no claims, a clean driving record, comprehensive and collision coverage, $1,000 deductibles, drivers are single, and no discounts are applied.
Your address can push rates up or down - Living in smaller towns and rural areas of the country can be a good thing when shopping for auto insurance. Fewer people means reduced accidents in addition to fewer liability claims. People in densely populated areas have to deal with more road rage incidents and longer commutes to work. More time on the road means a statistically higher chance of an accident.
Prevent your car from being stolen - Selecting a car model with advanced anti-theft systems can earn a premium discount. Systems that thwart thieves like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all help prevent vehicle theft.
Accidents will cost you - Being a careful driver has a big impact on rates. Careful drivers get better rates as compared to careless drivers. Having just one ticket could increase your next policy renewal by as much as thirty percent. People who have dangerous citations like DUI or reckless driving may find they need to maintain a SR-22 with their state DMV in order to legally drive a vehicle.
The chart below demonstrates how citations and accidents can drive up Kia Optima insurance premiums for each different age category. The premiums assume a married female driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.
Policy claims cost money - If you're an insured who likes to file claims you should expect either a policy non-renewal or much higher rates. Insurance companies in Colorado generally give the lowest premiums to drivers who file claims infrequently. Auto insurance is designed for the large, substantial claims.
Credit score impacts premium rates - Credit rating is likely to be a major factor in calculating your car insurance rates. Drivers with high credit ratings tend to be more responsible than drivers with lower credit ratings. If your credit history leaves room for improvement, you could be paying less to insure your Kia Optima if you clean up your credit.
Extra policy coverages push up rates - There are quite a few additional extra coverages that sound like a good idea at the time if you aren't careful. Add-on coverages like vanishing deductibles, accidental death, and extra equipment coverage are probably not needed. They may seem good when deciding what coverages you need, but if you don't need them eliminate them to save money.
Claims statistics for a Kia Optima - Companies take into consideration insurance loss statistics for every vehicle as a tool for profitable underwriting. Models that statistically have higher frequency or amount of claims will cost more for specific coverages.
The table below outlines the insurance loss data for Kia Optima vehicles. For each policy coverage, the claim amount for all vehicles compiled together is a value of 100. Numbers shown that are under 100 mean the vehicle has better than average losses, while values that are 100 or greater indicate more frequent claims or an increased probability of a larger loss.
|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
Three reasons to insure your Kia vehicle
Despite the potentially high cost of Kia Optima insurance, auto insurance may be required and benefits you in several ways.
- Almost all states have minimum liability requirements which means you are required to buy specific limits of liability coverage in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you have a lien on your Optima, most banks will make it a condition of the loan that you have comprehensive coverage to guarantee payment of the loan. If you do not keep the policy in force, the lender may insure your Kia for a lot more money and require you to fork over for it.
- Auto insurance protects not only your Kia Optima but also your assets. It will also pay for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.
The benefits of buying auto insurance are without a doubt worth the cost, particularly when you have a large claim. An average driver in America is overpaying over $810 a year so you should quote rates at every policy renewal to save money.
Car insurance companies ranked
Finding the right car insurance company can be rather challenging considering how many companies sell coverage in Colorado. The rank data below may help you choose which coverage providers you want to consider when looking for cheaper rates.
Top 10 Aurora Car Insurance Companies Ranked by Customer Satisfaction
- Titan Insurance - 95%
- USAA - 94%
- AAA Insurance - 91%
- Nationwide - 90%
- State Farm - 90%
- The Hartford - 89%
- GEICO - 89%
- Allstate - 88%
- 21st Century - 88%
- The General - 88%
When shopping online for car insurance, don't be tempted to skimp on coverage in order to save money. In too many instances, an insured cut collision coverage only to find out they didn't have enough coverage. Your focus should be to purchase plenty of coverage at a price you can afford but still have enough coverage for asset protection.
You just learned a lot of information how to find lower-cost Kia Optima insurance in Aurora. The key concept to understand is the more rate quotes you have, the better chance you'll have of finding the cheapest Kia Optima rate quotes. Consumers may even find the lowest priced car insurance comes from a company that doesn't do a lot of advertising. Regional companies may have significantly lower rates on certain market segments compared to the large companies like Progressive or GEICO.
The cheapest Kia Optima insurance in Aurora is available on the web and also from your neighborhood Aurora agents, and you need to comparison shop both to have the best chance of lowering rates. A few companies may not provide online quoting and these smaller companies work with independent insurance agents.
How to save on Kia Optima insurance in Aurora
If saving the most money is your goal, then the best way to get low-cost Kia Optima insurance is to do a yearly price comparison from insurance carriers who provide car insurance in Aurora. Price quotes can be compared by following these steps.
- Spend some time learning about auto insurance and the things you can change to lower rates. Many things that are responsible for high rates like careless driving and an unacceptable credit history can be improved by making lifestyle changes or driving safer.
- Get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from a single company like GEICO or State Farm, while agents who are independent can provide rate quotes for many different companies.
- Compare the new rates to your existing rates to see if you can save by switching companies. If you find a better price, make sure there is no lapse between the expiration of your current policy and the new one.
- Provide notification to your current company of your intention to cancel the current policy. Submit the required down payment along with the signed application for the new coverage. Once coverage is bound, keep your new certificate verifying proof of insurance along with the vehicle's registration papers.
A good tip to remember is to make sure you enter the same amount of coverage on each price quote and and to look at as many different insurance providers as possible. Doing this guarantees an accurate price comparison and a thorough selection of prices.
For more information, link through to these articles:
- Driving in Bad Weather (Insurance Information Institute)
- Who Has Cheap Car Insurance for a Nissan Sentra in Aurora? (FAQ)
- Who Has Cheap Auto Insurance for Postal Workers in Aurora? (FAQ)
- How Much is Aurora Auto Insurance for Uninsured Drivers? (FAQ)
- Who Has the Cheapest Car Insurance Rates for High Mileage Drivers in Aurora? (FAQ)
- Who Has Cheap Car Insurance Rates for a Ford Escape in Aurora? (FAQ)
- Distracted Driving Extends Beyond Texting (State Farm)
- Comprehensive Coverage (Liberty Mutual)
- Safety Tips for Teen Drivers (Insurance Information Institute)
- Distracted Driving Statistics (Insurance Information Institute)