Affordable Insurance for a Kia Optima in Oakland

Insurance rates Kia Optima in OaklandDo you want to save money by buying lower-priced auto insurance rates in Oakland, CA? Oakland consumers have many options when looking for low-cost Kia Optima insurance. They can either waste time struggling with agents trying to get quotes or utilize the internet to compare rates.

There is a better way to buy auto insurance so you’re going to learn the best way to compare rates on a Kia and obtain the best price possible from Oakland insurance agents and online providers.

Our objective is to teach you how to compare rates easily and how you can save the most money. If you currently have a car insurance policy, you will most likely be able to get lower rates using the concepts you’re about to learn. You just have to know the most efficient way to compare different rates on the web.

Informed Decisions Result in Lower Insurance Rates

One of the most helpful ways to save on car insurance is to to have a grasp of the rating factors that aid in calculating the price you pay for car insurance. If you understand what impacts premium levels, this enables you to make decisions that can help you get lower premium levels.

Coverage analysis

The data table displayed below highlights detailed analysis of coverage costs for Kia Optima models. Learning as much as possible about how car insurance prices are determined is important for drivers to make decisions on which insurance to purchase.

Kia Optima Insurance Rates in Oakland, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $326 $708 $564 $34 $168 $1,800 $150
Optima EX $370 $834 $564 $34 $168 $1,970 $164
Optima SX $370 $834 $564 $34 $168 $1,970 $164
Get Your Own Custom Quote Go

Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Information does not factor in specific garaging location which can raise or lower insurance rates noticeably.

Policy deductible comparison

One frequently asked question is how high should the deductibles for physical damage be. The data tables below can help show the rate fluctuation between low and high comp and collision deductibles. The first data table uses a $100 deductible for comp and collision and the second data table uses a $500 deductible.

Kia Optima insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $380 $686 $500 $30 $150 $1,771 $148
Optima EX $430 $810 $500 $30 $150 $1,945 $162
Optima SX $430 $810 $500 $30 $150 $1,945 $162
Get Your Own Custom Quote Go

Kia Optima insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $278 $464 $500 $30 $150 $1,422 $119
Optima EX $314 $546 $500 $30 $150 $1,540 $128
Optima SX $314 $546 $500 $30 $150 $1,540 $128
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in specific zip code location which can increase or decrease price quotes noticeably.

Based on these figures, using a $100 deductible will cost you about $32 more each month or $384 every year than requesting the higher $500 deductible. Since you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 13 months between claims, you would probably be better off if you choose a higher deductible.

Accidents and violations increase rates

The diagram below shows how speeding tickets and at-fault claims can increase Kia Optima insurance costs for different categories of driver ages. The data is based on a married female driver, full physical damage coverage, $500 deductibles, and no policy discounts are applied.

Price comparison of only insuring for liability

The diagram below shows the comparison of Kia Optima insurance costs when comparing full coverage to liability only. The data is based on no violations or claims, $500 deductibles, single marital status, and no additional discounts are factored in.

Are you wasting money paying for full coverage?

There is no exact rule for phasing out physical damage insurance, but there is a guideline you can use. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s assume your Kia Optima replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $6,000 after the deductible is paid. If premium cost is more than $600 annually for full coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where removing full coverage is not recommended. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not buy liability only.

Get cheaper rates with discounts

Some providers don’t list every policy discount very well, so the list below contains some of the more common and also the more inconspicuous discounts you could be receiving when you buy Oakland car insurance online.Insurance discounts

Don’t be shocked that some of the credits will not apply to the entire cost. Some only reduce individual premiums such as liability and collision coverage. So when the math indicates you can get free auto insurance, you’re out of luck.

The information 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 claims, a clean driving record, California state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, marriage, homeowner, claim-free, and multi-policy discounts applied.

A list of insurance companies and their offered discounts are included below.

Before purchasing a policy, check with each company what discounts are available to you. All car insurance discounts may not be offered everywhere. If you would like to see a list of insurance companies with the best discounts in Oakland, click this link.

Cheaper coverage is out there

Some insurance companies may not offer online quoting and most of the time these smaller providers prefer to sell through independent agents. Cheaper auto insurance in Oakland is definitely available from both online companies and with local Oakland insurance agents, and you need to price shop both so you have a total pricing picture.

As you quote Oakland car insurance, it’s not a good idea to buy less coverage just to save a little money. There are many occasions where an insured dropped full coverage and learned later that the savings was not a smart move. The ultimate goal is to buy a smart amount of coverage at an affordable rate.

People switch companies for any number of reasons including denial of a claim, being labeled a high risk driver, extreme rates for teen drivers or even high prices. Regardless of your reason for switching companies, finding the right auto insurance provider is not as difficult as it may seem.

Steps to finding discount Kia Optima insurance in Oakland

If you want to save the most money, the best way to find affordable auto insurance rates in Oakland is to compare prices regularly from insurers that sell auto insurance in California.

  1. Take a few minutes and learn about coverages and the things you can change to prevent high rates. Many policy risk factors that result in higher rates like traffic citations and a poor credit rating can be improved by making minor changes to your lifestyle.
  2. Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like GEICO or Allstate, while agents who are independent can provide rate quotes for a wide range of insurance providers.
  3. Compare the new quotes to your existing rates to see if switching to a new carrier will save money. If you find better rates and change companies, make sure there is no coverage gap between policies.
  4. Provide notification to your current company of your intention to cancel your current auto insurance policy and submit payment along with a signed and completed policy application to the new company. As soon as you can, put the proof of insurance paperwork in an easily accessible location in your vehicle.

A good tip to remember is that you’ll want to compare similar deductibles and liability limits on every quote and and to compare as many companies as feasibly possible. Doing this ensures an accurate price comparison and the most accurate and complete price analysis.

Other information