Car Insurance Rates for a Kia Optima in Henderson

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Smart shoppers know that auto insurance companies don't want policyholders to shop around. People who shop around once a year will probably switch to a new company because there is a high probability of finding a cheaper policy. A recent auto insurance study discovered that consumers who routinely compared rates saved approximately $3,400 over four years as compared to drivers who never compared prices.

If finding the best rates on car insurance is your ultimate objective, then learning about the best way to compare coverages can make it easier to find better rates.

Insurance rates Kia Optima in HendersonIt takes a few minutes, but the best way to find low-cost prices for Kia Optima insurance is to start doing a yearly price comparison from insurance carriers that sell auto insurance in Henderson.

  1. Take a few minutes and learn about how insurance companies determine prices and the steps you can take to lower rates. Many policy risk factors that cause rate increases like distracted driving and a less-than-favorable credit score can be improved by improving your driving habits or financial responsibility.
  2. Get rate quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only quote rates from a single company like GEICO and State Farm, while agents who are independent can quote rates for many different companies.
  3. Compare the new rates to your existing coverage to determine if switching companies saves money. If you can save money, make sure there is no lapse between the expiration of your current policy and the new one.
  4. Notify your company or agent to cancel your current auto insurance policy and submit the signed application along with the required initial payment to your new agent or company. As soon as you can, place your new proof of insurance paperwork along with your vehicle registration.

The most important part of shopping around is that you'll want to compare similar limits and deductibles on every price quote and and to get prices from as many companies as you can. This enables a fair price comparison and the best price quote selection.

Most of the larger companies provide pricing on the web. Getting quotes for Kia Optima insurance in Henderson is pretty easy as you just enter your required coverages as detailed in the form. Behind the scenes, their quoting system pulls information on your driving record and credit history and quotes a price.

This makes comparing rates easy, and it's very important to have as many quotes as possible in order to find the best auto insurance rates.

If you want to compare pricing, consider comparing rates from the companies shown below. If you have a policy now, it's recommended that you enter deductibles and limits identical to your current policy. This way, you will have a price comparison for exact coverage.

The companies shown below are our best choices to provide price comparisons in Henderson, NV. To locate cheaper auto insurance in Henderson, we suggest you compare several of them in order to get a fair rate comparison.

Verify you're getting every discount

Auto insurance is expensive, but you can get discounts to cut the cost considerably. A few discounts will be applied at quote time, but some need to be requested specifically prior to getting the savings.Cheaper auto insurance with discounts

  • Passive Restraints - Factory air bags or automatic seat belts can receive discounts of 20 to 30 percent.
  • Driver's Education for Students - It's a good idea to have your young drivers successfully complete driver's ed class if offered at their school.
  • Mature Driver Discount - Older drivers are able to get a small decrease in premiums.
  • Anti-theft Discount - Cars equipped with tracking devices and advanced anti-theft systems help deter theft so companies will give you a small discount.
  • Discount for Life Insurance - Some companies give a discounted premium rate on car insurance if you buy some life insurance in addition to your auto policy.

A little disclaimer on discounts, some credits don't apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like comp or med pay. Even though it may seem like all those discounts means the company will pay you, it doesn't quite work that way.

The chart below illustrates the difference between Kia Optima car insurance rates with and without discounts applied to the rates. The data assumes a female driver, no claims or driving violations, Nevada 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, homeowner, claim-free, marriage, multi-policy, and multi-car discounts applied.

If you would like to view insurance companies that offer discounts in Nevada, click here.

Coverage analysis

The information below highlights detailed analysis of insurance premium costs for Kia Optima models. Understanding how auto insurance prices are figured can be of help when making decisions on which insurance to purchase.

Kia Optima Insurance Rates in Henderson, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $302 $478 $456 $26 $136 $1,398 $117
Optima EX $342 $564 $456 $26 $136 $1,524 $127
Optima SX $342 $564 $456 $26 $136 $1,524 $127
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Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Premium costs do not factor in your specific Henderson location which can decrease or increase premium rates noticeably.

Where to set your deductibles

One of the hardest decisions when shopping for insurance is where should you set your physical damage deductibles. The premium rates below may help you to understand the premium difference of buying low and high coverage deductibles. The first set of rates uses a $100 deductible for comp and collision and the second rate chart uses a $500 deductible.

Kia Optima insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $266 $478 $348 $20 $104 $1,241 $103
Optima EX $300 $564 $348 $20 $104 $1,361 $113
Optima SX $300 $564 $348 $20 $104 $1,361 $113
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Kia Optima insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $194 $324 $348 $20 $104 $990 $83
Optima EX $218 $382 $348 $20 $104 $1,072 $89
Optima SX $218 $382 $348 $20 $104 $1,072 $89
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Rates do not factor in your specific Henderson location which can revise premiums substantially.

Based on the above data, using a $100 deductible costs about $23 more each month or $276 a year than buying the higher $500 deductible. Since you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to go at least 17 months between claims, you would most likely save money if you opt for a higher deductible.

The example below illustrates how your deductible choice and can change Kia Optima premium costs for different age groups. The costs are based on a married male driver, comp and collision included, and no policy discounts are applied.

Kia Optima full coverage rates compared to liability only

The illustration below shows the comparison of Kia Optima yearly insurance costs when comparing full coverage to state minimum liability only. The information is based on no accidents or driving violations, $100 deductibles, drivers are not married, and no policy discounts are applied.

Guidelines for dropping full coverage

There is no clear-cut rule for excluding comp and collision coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let's pretend your Kia Optima settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $5,000 after you pay the deductible. If premium cost is more than $500 a year to have full coverage, then it could be time to drop full coverage.

There are a few situations where only buying liability is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.

You may want advice from an insurance agent

Certain consumers just prefer to have an agent's advice and that is a personal choice. Licensed agents can help you build your policy and will help you if you have claims. The biggest benefit of comparing rate quotes online is that you can obtain better rates and also buy local.

Henderson insurance agentsOnce you complete this form (opens in new window), your information gets sent to agents in your area that can give you free Henderson car insurance quotes for your auto insurance coverage. You won't need to contact any insurance agencies because prices are sent to you. If you wish to compare prices from a specific insurance company, don't hesitate to jump over to their website and fill out their quote form.

Choosing the best insurance company needs to be determined by more than just a low price. You should also get answers to these questions.

  • Is there a local claims center in Henderson?
  • How long have they been in business?
  • What is the agency's Better Business Bureau rating?
  • Does the agent have professional designations like CIC, CPCU or AIC?
  • Are they able to influence company decisions when a claim is filed?
  • Is coverage determined by price?
  • How often do they review policy coverages?
  • Does the agent help file claims?

Best auto insurance agent in Henderson

If you want to buy auto insurance from a local Henderson insurance agent, you need to know there are two types of insurance agents from which to choose. Agents can be described as either independent or exclusive. Either one can insure your vehicles, but it's worth learning how they differ because it may have an impact on which agent you choose.

Exclusive Insurance Agencies

Agents that choose to be exclusive are contracted to one company like American Family, State Farm, and AAA. These agents are unable to provide rate quotes from other companies so they really need to provide good service. Exclusive agents are usually quite knowledgeable on their products and sales techniques which helps overcome the inability to quote other rates. Consumers often use the same exclusive agent partially due to the prominence of the brand and solid financial strength.

Below are exclusive agencies in Henderson who can help you get price quotes.

More Henderson agents

Independent Auto Insurance Agents

Independent agents can quote rates with many companies so as a result can place your coverage with lots of companies and help determine which has the cheapest rates. If prices rise, they simply switch companies in-house and the insured can keep the same agent. When comparing rates, you will want to include independent agents for maximum quote selection. They also have the ability to place coverage with less well-known companies that may have much lower rates than larger companies.

Below are independent agencies in Henderson that can give you comparison quotes.

  • All Star Insurance Agency
    10120 S. Eastern Ave, Suite 200 - Henderson, NV 89052 - (702) 660-6618 - View Map

  • 1371 W Warm Springs Rd - Henderson, NV 89014 - (702) 907-0000 - View Map
  • Avenue Insurance Agency
    1258 Rising Cloud Cir - Henderson, NV 89052 - (702) 933-3289 - View Map

More Henderson agents

Will just any policy work for me?

Always remember that when buying adequate coverage, there is no one size fits all plan. You are unique.Car insurance savings

For example, these questions could help you determine whether or not you will benefit from professional help.

  • Is pet coverage available?
  • Does my insurance cover my expensive audio equipment?
  • Does medical payments coverage apply to all occupants?
  • Are rock chip repairs covered?
  • What is the difference between personal and commercial auto insurance policies?
  • Can my teen drive my company car?

If it's difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form. It's fast, doesn't cost anything and can provide invaluable advice.

Lower Your Henderson Insurance Premiums

Many factors are taken into consideration when premium rates are determined. A few of the factors are predictable like a motor vehicle report, although others are not quite as obvious such as your credit history and annual miles driven. It's important that you understand some of the factors that come into play when calculating car insurance rates. If you have some idea of what influences your rates, this allows you to make good choices that may reward you with much lower annual insurance costs.

The items below are a few of the "ingredients" used by insurance companies to determine premiums.

  • Does your occupation cost you more? - Did you know that where you work can have an impact on rates? Occupations like doctors, architects, and medical professionals have higher rates than the rest of us attributed to stressful work requirements and lots of time spent at work. On the flip side, careers such as professors, engineers and performers generally pay rates lower than average.
  • Gaps in coverage mean higher prices - Driving any period of time without insurance can get your license suspended and any future policy may cost more because you let your insurance lapse. Not only will rates go up, failure to provide proof of insurance may result in a steep fine or even jail time.
  • Liability protection is critical - The liability section of your policy will afford coverage in the event that a court rules you are at fault for causing damage or personal injury in an accident. Liability provides legal defense coverage to defend your case. It is affordable coverage when compared to the cost of physical damage coverage, so do not cut corners here.
  • Safer vehicles cost less to insure - Safe vehicles tend to have lower insurance rates. Safer cars reduce injuries and lower injury rates means lower claim amounts and more competitive rates for policyholders.
  • Drive less and get lower prices - The higher the mileage driven annually the higher your rates will be. The majority of insurers calculate prices based on their usage. Autos that are left in the garage qualify for better rates than vehicles that are driven to work every day. It's a good idea to make sure your car insurance policy reflects the proper vehicle usage, because improper ratings can cost you money. Having the wrong rating on your Optima may be costing you higher rates.
  • Insurance losses for a Kia Optima - Insurance companies use past loss statistics for each vehicle when they file their rates in each state. Models that the data shows to have higher prevalence or dollar amount of losses will have a higher cost to insure.

    The table below shows the loss history for Kia Optima vehicles. For each insurance policy coverage type, the claim amount for all vehicles, without regard to make or model, equals 100. Numbers below 100 are indicative of better than average losses, while values that are 100 or greater indicate frequent claims or statistically larger losses.

    Insurance Loss Ratings for Kia Optima Vehicles
    Specific Kia Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Kia Optima 115 101 107 133 142 120
    Kia Optima Hybrid 143 115 116 139 158 151
    BETTER
    AVERAGE
    WORSE

    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Best reasons to buy auto insurance in Nevada

Despite the high cost, paying for auto insurance may be required and benefits you in several ways.

First, almost all states have mandatory liability insurance requirements which means you are required to carry specific limits of liability in order to license the vehicle. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a lien on your vehicle, it's most likely the lender will stipulate that you buy insurance to guarantee loan repayment. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Kia for a much higher rate and force you to reimburse them for the expensive policy.

Third, insurance protects not only your Kia but also your assets. It also can pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability coverage will also pay to defend you if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of buying auto insurance definitely exceed the cost, especially when you need to use it. Unknowingly, the average driver overpays more than $810 a year so you should quote your policy with other companies at every policy renewal to be sure current rates are still competitive.

Affordable auto insurance rates are possible

Insureds leave their current company for a variety of reasons including high rates after DUI convictions, poor customer service, high prices or extreme rates for teen drivers. It doesn't matter what your reason, choosing a new insurance company is less work than it seems.

In this article, we covered many tips how you can shop for Kia Optima insurance online. It's most important to understand that the more providers you compare, the more likely it is that you will get a better rate. You may even discover the biggest savings come from a lesser-known regional company.

Some insurance providers don't offer the ability to get quotes online and most of the time these small, regional companies provide coverage only through independent insurance agencies. Budget-friendly auto insurance in Henderson is definitely available online and with local Henderson insurance agents, and you should compare price quotes from both to get a complete price analysis.

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