It’s a known fact that car insurance companies want to keep your business as long as possible. People who shop for lower rates will probably switch insurance companies because they have a good chance of finding coverage at a cheaper rate. Surprisingly, a recent survey revealed that people who routinely compared quotes saved about $3,450 over four years compared to people who never shopped around for cheaper prices.
If finding the best price on auto insurance is your ultimate objective, then having a grasp of the best way to shop and compare cheaper coverage can make it easier to shop your coverage around.
The easiest way to get cheaper Kia Sedona insurance in Louisville is to start comparing prices regularly from providers that insure vehicles in Kentucky. You can shop around by following these guidelines.
- First, spend a few minutes and learn about how companies price auto insurance and the changes you can make to drop your rates. Many things that are responsible for high rates such as your driving record and a negative credit history can be controlled by being financially responsible and driving safely.
- Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from one company like GEICO and State Farm, while independent agencies can provide rate quotes from multiple sources.
- Third, compare the new rate quotes to your existing policy and determine if cheaper Sedona coverage is available in Louisville. If you find a lower rate quote and buy the policy, ensure there is no coverage lapse between policies.
- Fourth, provide proper notification to your current company to cancel the current policy and submit payment and a signed application to the newly selected company. As soon as you can, put the proof of insurance certificate with the vehicle registration.
An important part of this process is that you use the same coverage limits and deductibles on each quote request and and to get prices from as many different companies as possible. This provides a fair price comparison and a complete price analysis.
What Determines Kia Sedona Insurance Prices?
When buying insurance it’s important to understand the different types of things that play a part in calculating the price you pay for insurance. If you understand what determines premiums, this enables you to make decisions that could result in cheaper rates.
The itemized list below are a partial list of the pieces used by your company to calculate your premiums.
Costs are impacted by vehicle performance – The performance level of the car or truck you are insuring makes a significant difference in how high your rates are. The cheapest rates will normally be found when insuring the lowest performance passenger cars, but other factors influence the final cost greatly.
The following data uses these assumptions: single female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Kia Sedona insurance premiums compared to other vehicles that have a range of performance risks.
- Rates increase with policy add-ons – There are a ton of optional add-on coverages that can add up on your Sedona policy. Coverages for vanishing deductibles, better glass coverage, and term life insurance may be wasting your money. The coverages may be enticing when discussing your needs, but your money might be better spent on other coverage so remove them from your policy.
- Annual mileage impacts costs – The more you drive your Kia every year the higher your rate. Most insurance companies charge to insure your cars based upon how you use the vehicle. Vehicles that are left in the garage cost less to insure than those that get driven frequently. Ask your agent if your declarations sheet states the correct driver usage, because improper ratings can cost you money. An improperly rated Sedona may be wasting your money.
Premiums are lower the older you get – Older, more experienced drivers are shown to be more cautious, statistically cause fewer accidents, and receive fewer citations. Teen drivers have a tendency to be inattentive with other occupants in the car and because of this, their insurance rates are much higher.
The next chart is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.
Kia Sedona claim probability – Car insurance companies use past loss statistics for each vehicle when setting premium costs. Vehicles that tend to have higher frequency or amount of claims will have increased rates. The table below outlines the historical insurance loss data for Kia Sedona vehicles.
For each policy coverage, the claim probability for all vehicles, as a total average, is represented as 100. Values below 100 are indicative of better than average losses, while values that are above 100 indicate frequent claims or statistically larger losses.
Insurance Loss Ratings for Kia Sedona Vehicles Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Kia Sedona 102 64 96 116BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
The providers in the list below are our best choices to provide price quotes in Kentucky. To locate cheap car insurance in KY, we recommend you visit two to three different companies in order to find the most competitive rates.
Insurance coverage analysis
The table shown next outlines a range of policy rates for Kia Sedona models. Having a good understanding how insurance policy premiums are determined helps drivers make smart choices when selecting a coverage provider.
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Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Price estimates do not factor in the specific area where the vehicle is garaged which can increase or decrease insurance rates greatly.
When buying insurance, a common question is the level to set your comp and collision deductibles. The rates shown below may aid in understanding the price difference between high and low physical damage deductibles. The first table uses a $250 deductible for physical damage and the second price grid uses a $1,000 deductible.
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Rate information does not factor in specific zip code location which can influence rates substantially.
Using the premium rates above, we can conclude that using a $250 deductible will cost you approximately $23 more each month or $276 every year averaged for all Sedona models than quoting the higher $1,000 deductible. Since you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 33 months between claim filings, you would probably save some money if you choose the higher deductible.
The chart below demonstrates how deductible levels and can change Kia Sedona annual premium costs for different insured age categories. The data is based on a married female driver, comp and collision included, and no additional discounts are factored in.
How accidents and violations affect rates
The illustration below shows how violations and fender-benders impact Kia Sedona premium costs for different categories of driver ages. The rates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.
Rate difference between full and liability-only coverage
The diagram below shows the comparison of Kia Sedona car insurance rates with full physical damage coverage and with liability coverage only. The costs are based on no tickets, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are factored in.
When to switch to liability coverage only
There is no set guideline that is best for determining when to drop physical damage coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.
For example, let’s assume your Kia Sedona replacement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $6,000 after you pay the deductible. If it’s costing in excess of $600 annually for full coverage, then you may need to consider dropping full coverage.
There are some scenarios where dropping full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Here’s why auto insurance is not optional
Even though it’s not necessarily cheap to insure a Kia in Louisville, insurance is a good idea for several reasons.
- The majority of states have mandatory insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability protection in order to get the vehicle licensed. In Kentucky 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.
- If your Kia has a loan, almost all lenders will have a requirement that you buy full coverage to guarantee loan repayment. If you default on your policy, the bank or lender will purchase a policy for your Kia at a much higher premium rate and force you to pay for the much more expensive policy.
- Auto insurance preserves not only your car but also your financial assets. It will also provide coverage for medical bills incurred in an accident. One policy coverage, liability insurance, will also pay to defend you if you cause an accident and are sued. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.
The benefits of having auto insurance outweigh the cost, particularly when you have a large claim. An average driver in America is overpaying more than $800 each year so we recommend shopping around every year to ensure rates are competitive.
Discounts can help lower rates on Kia Sedona insurance in Louisville
Companies that sell car insurance don’t list all their discounts very well, so the list below contains some of the best known and the harder-to-find credits available to you.
- Discount for Home Ownership – Being a homeowner can save a few bucks because of the fact that having a home is proof of financial responsibility.
- Accident Waiver – Not a discount per se, but certain companies allow you one accident without raising rates with the catch being you have to be claim-free for a certain period of time.
- Lower Rates for Military – Having a deployed family member can result in better prices.
- Save over 55 – Drivers that qualify as senior citizens may qualify for lower premium rates.
- Multi-line Discount – Select insurance carriers reward you with a discounted premium rate on car insurance if you buy some life insurance too.
- Theft Prevention System – Cars optioned with advanced anti-theft systems are less likely to be stolen and can earn a small discount on your policy.
- Drive Less and Save – Maintaining low annual mileage may enable drivers to earn substantially lower auto insurance rates.
- Telematics Data Discounts – People who choose to allow their company to analyze when and where they use their vehicle by using a telematics device such as Progressive’s Snapshot might get better premium rates if they show good driving skills.
Don’t be surprised that most credits do not apply to the whole policy. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. Despite the fact that it seems like all the discounts add up to a free policy, that’s just not realistic.
The illustration below visualizes the comparison of Kia Sedona insurance rates with and without discounts applied to the rates. The premiums assume a male driver, no accidents or driving violations, Kentucky 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 multi-car, multi-policy, safe-driver, claim-free, marriage, and homeowner discounts applied.
To view providers that offer many of these discounts in Kentucky, follow this link.
Comparing quotes from local Louisville auto insurance agents
Many drivers prefer to go talk to an agent and that is a smart decision Professional insurance agents will help you protect your assets and help submit paperwork. One of the benefits of comparing car insurance online is that you can find the lowest rates and also buy local.
For easy comparison, once you complete this simple form, your insurance coverage information is emailed to agents in your area who will return price quotes and help you find cheaper coverage. It makes it easy because there is no need to contact any agents since price quotes are sent to you directly. If you want to compare rates from a particular provider, feel free to jump over to their website and submit a quote form there.
Choosing the best company should include more criteria than just a cheap quote. Any agent in Louisville should have no problem answering these questions:
- Are they properly licensed to sell insurance in Kentucky?
- Do they specialize in personal lines auto insurance in Louisville?
- How long has their agency been open in Louisville?
- Do you need full coverage on every vehicle?
- What are their preferred companies if they are an independent agency?
The different types of auto insurance agents
When searching for a local Louisville insurance agency, it’s important to understand the different types of agencies and how they differ in how they can insure your vehicles. Car insurance agents are either exclusive agents or independent agents. Both types can insure your vehicles properly, but we need to point out the difference in how they write coverage since it can affect your agent selection.
Exclusive agencies can only place business with one company like Allstate, AAA, Farmers Insurance, and State Farm. They usually cannot compare rates from other companies so you need to shop around if the rates are high. Exclusive agents are very knowledgeable on their company’s products which helps offset the inability to provide other markets.
Below are exclusive agents in Louisville who may provide you with price quotes.
These type of agents do not work for one specific company so they can quote policies through many companies and get you the best rates possible. If premiums increase, an independent agent can move your coverage and you don’t have to find a new agent.
If you are trying to find cheaper rates, we recommend you compare prices from at least one independent agent to get the most accurate price comparison.
The following are independent insurance agencies in Louisville who can help you get price quotes.
Schmidt Insurance Inc
7410 New La Grange Rd – Louisville, KY 40222 – (502) 429-0477 – View Map
Nationwide Insurance: Lisa Spalding Sherman Insurance Agency Inc
10339 Linn Station Rd – Louisville, KY 40223 – (502) 423-1611 – View Map
Cheap insurance premiums are possible
Cheap Kia Sedona insurance in Louisville is definitely available both online as well as from insurance agents, and you need to price shop both to get a complete price analysis. Some companies may not provide rate quotes online and most of the time these regional carriers prefer to sell through local independent agents.
As you quote Louisville auto insurance, never skimp on coverage in order to save money. There are a lot of situations where consumers will sacrifice comprehensive coverage or liability limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to purchase plenty of coverage at the best price, but don’t skip important coverages to save money.
Additional information can be read below:
- Vehicle Insurance in the U.S. (Wikipedia)
- Who Has the Cheapest Car Insurance for a Jeep Grand Cherokee in Louisville? (FAQ)
- Who Has Affordable Auto Insurance Quotes for a Jeep Wrangler in Louisville? (FAQ)
- What Car Insurance is Cheapest for a Nissan Versa in Louisville? (FAQ)
- Who Has Cheap Car Insurance Quotes for Drivers Over Age 50 in Louisville? (FAQ)
- Who Has Affordable Louisville Car Insurance for Uber Drivers? (FAQ)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)
- Child Safety FAQ (iihs.org)
- Tread Depth and Tire Safety (State Farm)
- Five Mistakes to Avoid (Insurance Information Institute)