Buying competitive car insurance for a Kia Optima is pretty simple, but it is dependent upon an enormous amount of rating factors such as how old the vehicle is, the likelihood of vehicle theft, and any prior driving offenses you have. Drivers in Nevada pay on average $759 each year for Optima insurance, but that figure is an estimation based upon a 40-year-old married male driver with full physical damage coverage and $500 deductibles.
The issue that arises when projecting rates is that it’s very likely that you are not 40 and maybe not even a male, possibly single instead of married, or maybe you have a teenager that needs to be on your policy. Have just a small change in the criteria used to calculate rates can result in a massive change in the cost of insurance for a Kia Optima.
Auto insurance requires individual risk assessment, so the way we recommend to find cheap auto insurance rates for your Kia is to do a thorough rate comparison. In less than five minutes you will be able to compare rates from some of the cheapest companies that sell coverage in Nevada.
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Vehicle trim level will be a contributing factor to the cost of insurance, so the price you will pay to insure a Optima LX model will be $74 less expensive the price to insure the more well-appointed Optima SX version, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Rates do not factor in Las Vegas location which can alter coverage prices substantially.
Finding reliable, low-cost insurance is tough enough, and finding out which insurers offer the cheapest insurance rates for a Kia Optima requires even more diligence. Every auto insurer uses a little different formula for setting rates, so we’ll go over the insurance companies with the overall best prices in Las Vegas, NV.
It’s important that you understand Nevada insurance rates are calculated based on many things that will increase or decrease the price of coverage. This price variability is why it is crucial to compare as many rates as possible to find the most budget-friendly car insurance quotes for a Kia Optima. Car insurance prices can be altered by many factors and can change substantially, so the most economical option the last time you shopped around may now cost much more than other companies.
Find the Cheapest Car Insurance for Your Optima
Allied may offer some of the most affordable car insurance rates in Las Vegas at around $921 annually. Travelers, Capital, Oregon Mutual, and American Family also rank well as some of the cheapest Las Vegas, NV car insurance companies.
As shown in the rates above, if you are a customer of Oregon Mutual and switched to Travelers, you may realize an annual premium reduction of about $254. Drivers with American Family could save as much as $255 a year, and Progressive customers might see rate reductions of $287 a year.
Remember that these prices are averages across all types of drivers and the different vehicles they drive and do not take into consideration a specific zip code for a Kia Optima. So the auto insurance company that has the cheapest rates for you may not even be in the top 20 companies shown above. That affirms the importance of why you need to get quotes using your own driver and vehicle profiles.
The example below shows how choosing a deductible can influence insurance costs when searching for cheap insurance for a Kia Optima. The prices are based on a married female driver, full physical damage coverage, and no additional discounts are factored in.
In the chart above, a 40-year-old driver could save $292 a year by switching from a $100 deductible up to a $500 deductible, or save $442 by using a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could lower their rates as much as $728 annually by choosing a higher deductible.
If you make the decision to raise deductibles, it will now be necessary to have plenty of money set aside to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Why are you paying too much to insure your Optima?
Nevada insurance rates are influenced by many factors which can significantly increase or decrease the price of coverage. Simply improving your credit, having a teen driver, or having a fender bender can trigger price changes that can make some companies cheaper than competitors. Additionally, auto insurance companies change rates multiple times each year to adjust for heavy claims or excess profits. Significantly higher losses may result in more expensive prices, while lower claims may produce lower-priced Optima insurance rates.
As an example, the chart below shows the cheapest car insurance in Las Vegas, NV for a 45-year-old female driver with a clean driving record, no accidents, and excellent credit. When quoting prices based on her current risk factors, Travelers may offer the most affordable car insurance rates in Las Vegas at $1,580 per year. This is $6 more than the average price paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive are the remainder of the most affordable Las Vegas, NV auto insurance companies.
Let’s now give the driver from the first rate comparison a chargeable claim, a lower credit rating, and an imperfect driving record. Because every insurance company has a unique approach for establishing rates, analyzing rates will most likely result in a substantially altered list of the cheapest companies as shown below.
GEICO now has the lowest car insurance rate in Las Vegas, NV with Nationwide, Safeco, USAA, and Allied completing the list. This demonstrates why Nevada drivers need to perform an extensive rate comparison when trying to get the best auto insurance quotes for a Kia Optima.
Prices can be determined by many risk factors and can change substantially, so the cheapest option when you last compared rates may now be wasting a lot of money.
How to find economical insurance for a Kia Optima
The list below shows many money-saving suggestions that can help Las Vegas drivers buy low-cost auto insurance.
- Save money by obeying traffic laws and keeping a clean driving record
- Do not insure for full coverage
- Raise your physical damage coverage deductibles
- Higher credit scores may earn you cheaper rates
- Avoid having at-fault accidents
- Safe vehicles generally have lower rates
- Compare prices as often as possible
The last tip is particularly necessary, as was pointed out in this write-up. Prices charged by companies in Las Vegas change a lot, so drivers shouldn’t be reluctant to change insurance companies if a better deal can be had.
Staying with the same company for years is fine, but it’s not a good idea if that inflexibility results in costing you lots of money. Now is a great time to compare rates to find cheaper auto insurance for a Kia Optima.
The agents below are a good start to help you make a decision which auto insurance policy would work best for you, since some people prefer to get some guidance when shopping for the best coverage for an Optima. It can be difficult to find the cheapest rate yourself, and a professional agent can provide peace of mind knowing you have adequate coverage if you have an accident or claim. To locate a Las Vegas car insurance agency closest to you, click the button following the list or click here to compare rates now.
Invest America Insurance LLC
6190 W Charleston Blvd – Las Vegas, NV 89146 – (702) 685-3888
9960 W Cheyenne Ave #240 – Las Vegas, NV 89129 – (702) 965-3680
Kate Lowe – State Farm Insurance Agent
10198 W Flamingo Rd #130 – Las Vegas, NV 89147 – (702) 363-4500
Alliance Insurance Agency
1955 E Tropicana Ave h – Las Vegas, NV 89119 – (702) 518-6727
Tim Powers – State Farm Insurance Agent
2920 S Rainbow Blvd #100 – Las Vegas, NV 89146 – (702) 871-8338