Cheapest Kia Optima Insurance in Louisville

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It's safe to assume that auto insurance companies don't want you quoting rates from other companies. People who shop around once a year will, in all likelihood, move their business because there is a significant possibility of finding a more affordable policy. A recent auto insurance study discovered that consumers who compared price quotes annually saved on average $865 annually compared to those who never compared prices.

If finding the most affordable Kia Optima insurance is your target objective, then having some insight into how to get price quotes and compare insurance coverage can save money and time.

Insurance quote for Kia Optima in LouisvilleIf saving money is your primary concern, then the best way to find affordable quotes for car insurance rates in Louisville is to regularly compare quotes from insurance carriers in Kentucky. Rate comparisons can be done by following these guidelines.

  1. Spend a few minutes and learn about how companies price auto insurance and the measures you can take to prevent expensive coverage. Many things that cause rate increases such as at-fault accidents, careless driving, and a negative credit score can be eliminated by making minor driving habit or lifestyle changes.
  2. Compare rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only quote rates from one company like Progressive or State Farm, while independent agents can quote prices for a wide range of insurance providers. Start a quote
  3. Compare the new rate quotes to the price on your current policy and see if you can save money. If you find better rates and make a switch, ensure coverage does not lapse between policies.
  4. Notify your company or agent of your intention to cancel your current car insurance policy and submit a down payment along with a signed application to the new insurer. Once the application is submitted, keep your new proof of insurance paperwork in your vehicle's glove compartment or console.

A good tip to remember is to compare identical deductibles and limits on every quote request and and to get rates from as many different insurance providers as possible. This ensures an apples-to-apples comparison and maximum price selection.

This article will tell you how to get online quotes and some tips to save money. If you have coverage now, you should be able to find the best rates using the following tips. Although Kentucky car owners need to learn the way insurance companies sell insurance online because rates fluctuate considerably.

Cheap companies for Kia Optima insurance

The car insurance companies shown below have been selected to offer price comparisons in Kentucky. To buy cheap auto insurance in Louisville, we recommend you get price quotes from several of them to get the best price comparison.

Rates and other information

The rate table shown below covers different insurance coverage prices for Kia Optima models. Having insight into how insurance quotes are determined can aid in making informed coverage decisions.

Kia Optima Insurance Rates in Louisville, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $156 $268 $368 $22 $110 $924 $77
Optima EX $176 $316 $368 $22 $110 $992 $83
Optima SX $176 $316 $368 $22 $110 $992 $83
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Premium amounts do not factor in the specific area where the vehicle is garaged which can influence auto insurance rates considerably.

Raise deductibles and save

One of the hardest decisions when shopping for insurance is how high or low should comp and collision deductibles be. The following insurance rates summarize the premium difference when you buy lower versus higher comp and collision deductibles. The first rate quote example uses a $100 physical damage deductible and the second set of rates uses a $500 deductible.

Kia Optima insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $280 $508 $368 $22 $110 $1,313 $109
Optima EX $318 $598 $368 $22 $110 $1,441 $120
Optima SX $318 $598 $368 $22 $110 $1,441 $120
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Kia Optima insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $206 $342 $368 $22 $110 $1,048 $87
Optima EX $232 $404 $368 $22 $110 $1,136 $95
Optima SX $232 $404 $368 $22 $110 $1,136 $95
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Price information does not factor in specific Louisville garaging location which can decrease or increase premiums noticeably.

Using the premium rates above, we can conclude that using a $100 deductible will cost you roughly $24 more each month or $288 a year than opting for the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 17 months between claims, you would more than likely save some money if you opt for a higher deductible.

The example below highlights how deductible selection and can change Kia Optima insurance costs for different age categories. The data assumes a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.

Cost of full coverage

The diagram below shows the comparison of Kia Optima premium costs when comparing full coverage to state minimum liability only. The data assumes no violations or accidents, $100 deductibles, single status, and no other discounts are factored in.

When to drop comprehensive and collision coverage

There isn't a written rule for phasing out physical damage coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let's say your Kia Optima replacement cost is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $8,000 after paying your policy deductible. If it's costing you more than $800 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some situations where removing full coverage is not advised. If you haven't satisfied your loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

Check for these discounts on Kia Optima insurance in Louisville

Insurance can be prohibitively expensive, but you may find discounts that many consumers don't even know exist. Some discounts apply automatically at the time of quoting, but a few must be asked about before they will apply.

  • New Vehicle Savings - Putting car insurance coverage on a new Optima may earn a small discount compared to insuring an older model.
  • Multi-policy Discount - If you combine your home and auto policies and insure them with the same company you will save at least 10% off all policies.
  • Use Seat Belts - Forcing all vehicle occupants to buckle up can save up to 15% off the PIP or medical payment premium.
  • Switch and Save Discount - Select companies give a discount for switching companies prior to your current Optima insurance policy expiring. Ten percent is about the average savings.
  • Defensive Driver Discount - Taking part in a course that instructs on driving safety could save 5% or more depending on where you live.
  • Telematics Data Discounts - Drivers that enable companies to scrutinize where and when they drive by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease as long as they are good drivers.

A little disclaimer on discounts, some of the credits will not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as comprehensive or collision. Just because it seems like you could get a free car insurance policy, nobody gets a free ride. Any qualifying discounts will bring down the amount you pay for coverage.

The diagram below illustrates the difference between Kia Optima insurance costs with and without discounts applied to the rates. The costs are based on a male driver, a clean driving record, no claims, Kentucky state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, marriage, safe-driver, claim-free, and multi-policy discounts applied.

Larger car insurance companies and their possible discounts are shown below.

  • State Farm may have discounts that include multiple policy, Drive Safe & Save, driver's education, good student, anti-theft, safe vehicle, and Steer Clear safe driver discount.
  • Liberty Mutual offers premium reductions for good student, preferred payment discount, new move discount, teen driver discount, multi-policy, and multi-car.
  • American Family may offer discounts for accident-free, TimeAway discount, bundled insurance, air bags, defensive driver, and multi-vehicle.
  • Progressive offers discounts for online quote discount, continuous coverage, multi-policy, good student, online signing, and multi-vehicle.
  • Farmers Insurance offers discounts including teen driver, pay in full, youthful driver, switch companies, and multi-car.
  • Auto-Owners Insurance has savings for good student, air bags, multi-policy, paperless, company car, multiple vehicles, and mature driver.
  • SAFECO includes discounts for anti-theft, homeowner, multi-car, safe driver, and bundle discounts.

If you need lower rates, check with each company which credits you are entitled to. Some discounts listed above may not be offered in every state.

Situations that may require an agent's advice

When it comes to buying coverage for your personal vehicles, there really is not a one size fits all plan. Everyone's needs are different so your insurance needs to address that. For instance, these questions may help you determine whether you may require specific advice.

  • Is there a penalty for late payment?
  • Do I need higher collision deductibles?
  • Do I have coverage for damage caused while driving under the influence?
  • Is my Kia Optima covered for smoke damage?
  • Does rental coverage apply when I am renting a car?
  • How much liability coverage do I need in Kentucky?
  • Am I covered if I hit a deer?
  • If my pet gets injured in an accident are they covered?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • What discounts do I qualify for?

If it's difficult to answer those questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.

Insurance agent or online?

A lot of people prefer to talk to a local agent and often times that is recommended One of the great benefits of comparing rates online is that you can find the lowest rates but also keep your business local. Putting coverage with local agencies is important especially in Louisville.

Find insurance agent in LouisvilleTo help locate an agent, after submitting this simple form, the coverage information is immediately sent to participating agents in Louisville who will give you quotes for your insurance coverage. There is no reason to find an agent on your own because prices are sent straight to your inbox. It's the lowest rates and an insurance agent to talk to. If for some reason you want to get a comparison quote for a specific company, don't hesitate to visit that company's website and submit a quote form there.

If you want a reputable insurance agent or broker, there are a couple of different agency structures that you can choose from. Agents are considered either exclusive or independent agents depending on their company appointments.

Independent Agents (or Brokers)

Agents of this type do not work for one specific company so they can insure your vehicles through many different auto insurance companies and find you the best rates. If your premiums go up, they can switch companies in-house which is easy for the insured. When comparing rates, we highly recommend that you get several quotes from several independent agencies for maximum quote selection. They often place coverage with mutual insurance companies that can offer cheaper rates than bigger companies.

The following are Louisville independent insurance agents who may provide cheap rate quotes.

More insurance agents

Exclusive Auto Insurance Agencies

These agents can only provide pricing for a single company and some examples include State Farm, AAA, Farmers Insurance or Allstate. They generally cannot compare other company's rates so if the price isn't competitive there isn't much they can do. These agents receive a lot of sales training on their company's products which helps them compete with independent agents. A lot of people buy from exclusive agents primarily because of the prominent brand name rather than low rates.

Listed below are exclusive agencies in Louisville that are able to give rate quotes.

More insurance agents

Picking the best auto insurance agent needs to be determined by more than just the price. Here are some questions to ask:

  • What insurance company do they write the most business with?
  • Which family members are covered?
  • Do they feel the quoted coverages are adequate?
  • Where would your vehicle be repaired?
  • Where are claims handled?

Frequent quotes can save

Cost effective Kia Optima insurance can be sourced both online as well as from independent agents in Louisville, and you should compare rates from both so you have a total pricing picture. Some companies do not offer internet price quotes and these smaller providers provide coverage only through independent insurance agents.

You just read a lot of information how to compare Kia Optima insurance auto insurance rates in Louisville. The key thing to remember is the more rate quotes you have, the better your chances of lowering your premium rates. You may even be surprised to find that the best auto insurance rates are with some of the smallest insurance companies. They can often provide lower premium rates in certain areas than their larger competitors like GEICO and State Farm.

When trying to cut insurance costs, it's a bad idea to reduce needed coverages to save money. In many instances, someone sacrificed physical damage coverage only to regret at claim time they didn't have enough coverage. Your goal is to buy a smart amount of coverage for the lowest price, but do not sacrifice coverage to save money.

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