Are you sick of overpaying and want lower-priced Kia Optima insurance in Philadelphia? Paying more affordable premium rates for Kia Optima insurance in Philadelphia is nearly impossible for people new to online comparison shopping. Consumers have so many options available that it can be a difficult situation to find the best price in Pennsylvania on Kia Optima insurance.
Unbelievable but true according to a study 70% of consumers have bought car insurance from the same company for well over three years, and virtually 40% of consumers have never compared rates to find cheaper insurance. Many consumers in Philadelphia could save $690 each year just by shopping around, but they don’t believe the benefits if they switch to a new company.
The goal of this article is to familiarize you with how to effectively get price quotes and also save some money in the process If you currently have insurance, you will surely be able to buy cheaper insurance using these methods. But Pennsylvania vehicle owners should learn how companies set your policy premium because it varies considerably.
Cheapest auto insurance in Philadelphia, PA
The following companies are our best choices to provide price comparisons in Pennsylvania. If multiple companies are shown, it’s a good idea that you visit two to three different companies in order to find the cheapest rates.
Statistics and details
The data table displayed next outlines detailed analysis of insurance rates for Kia Optima models. Knowing how insurance premiums are figured can be of help when making smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Optima LX | $244 | $502 | $390 | $24 | $116 | $1,276 | $106 |
| Optima EX | $274 | $590 | $390 | $24 | $116 | $1,394 | $116 |
| Optima SX | $274 | $590 | $390 | $24 | $116 | $1,394 | $116 |
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Data variables include married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rates do not factor in Philadelphia location which can revise price quotes greatly.
Raise deductibles and save
One frequently asked question is where should you set your physical damage deductibles. The premium rates below can help illustrate the difference in cost between high and low policy deductibles. The first table uses a $250 deductible for comp and collision and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Optima LX | $254 | $428 | $372 | $22 | $112 | $1,213 | $101 |
| Optima EX | $288 | $506 | $372 | $22 | $112 | $1,325 | $110 |
| Optima SX | $288 | $506 | $372 | $22 | $112 | $1,325 | $110 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Optima LX | $206 | $346 | $372 | $22 | $112 | $1,058 | $88 |
| Optima EX | $234 | $408 | $372 | $22 | $112 | $1,148 | $96 |
| Optima SX | $234 | $408 | $372 | $22 | $112 | $1,148 | $96 |
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Premium amounts do not factor in your specific Philadelphia location which can affect insurance rates significantly.
Based on these figures, using a $250 deductible would cost the average driver about $14 more each month or $168 annually across all Kia Optima models than quoting the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to average more than 18 months between claim filings, you would more than likely save some money if you choose the higher deductible. The table below shows a better example of how you can come to your own conclusion.
| Average monthly premium for $250 deductibles: | $107 |
| Average monthly premium for $500 deductibles (subtract): | – $93 |
| Monthly savings from raising deductible: | $14 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $14 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 18 months |
An important thing to remember is that raising deductibles to save money results in more money out-of-pocket if you have a claim. You should have some available funds in order to pay more to get your vehicle repaired.
Insurance rate increases from tickets or accidents
The diagram below illustrates how speeding tickets and accident claims increase Kia Optima auto insurance rates for different age groups of insureds. The prices are based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.
Don’t overlook these Kia Optima insurance discounts
Insurance is not cheap nor is it fun to buy but you can get discounts to cut the cost considerably. Some discounts apply automatically at the time of quoting, but a few must be specifically requested before you get the savings.
- Sign Online – A handful of insurance companies will give you a small discount for buying a policy and signing up on the internet.
- Seat Belts Save more than Lives – Requiring all passengers to buckle their seat belts can save up to 15% off the PIP or medical payment premium.
- Low Mileage – Maintaining low annual mileage could qualify for discounted premium rates on garaged vehicles.
- Pay Early and Save – If you pay your bill all at once rather than paying monthly you can avoid monthly service charges.
- Driving Data Discount – Insureds that choose to allow driving data submission to scrutinize driving patterns by using a telematics device such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates as long as they are good drivers.
- Active Military Service – Having a deployed family member can result in better prices.
- Driver Training Discounts – Passing a course in driver safety could possibly earn you a 5% discount if your company offers it.
- Anti-theft Discount – Cars that have factory anti-theft systems are stolen less frequently so companies will give you a small discount.
- Senior Discount – If you’re over the age of 55, you may be able to get a small discount on rates.
- Accident Waiver – Not necessarily a discount, but some companies like State Farm, Progressive and GEICO may permit one accident before your rates go up if you have no claims for a specific time period.
Don’t be shocked that most of the big mark downs will not be given to the whole policy. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Even though it appears all those discounts means the company will pay you, that’s just not realistic.
The information below visualizes the comparison of Kia Optima auto insurance rates with and without discounts. The information is based on a male driver, no accidents or driving violations, Pennsylvania 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 claim-free, homeowner, multi-policy, safe-driver, multi-car, and marriage discounts applied.
Some of the larger companies that have most of these discounts include:
Before you buy a policy, ask each company or agent how you can save money. Savings might not apply in your area. To find providers with the best Kia Optima insurance discounts in Pennsylvania, click here to view.
Which policy gives me the best coverage?
When it comes to buying your policy, there really isn’t a best way to insure your cars. Your needs are unique to you so your insurance needs to address that. For example, these questions might help in determining whether or not you might need professional guidance.
- Are my tools covered if they get stolen from my vehicle?
- Do I have coverage for damage caused while driving under the influence?
- Why do I have to buy liability insurance?
- Can I cancel at any time?
- What is roadside assistance coverage?
- How high should deductibles be on a Kia Optima?
- How many claims can I have before being canceled?
- Is there coverage for my trailer?
- Am I covered if I back into my garage door?
If you can’t answer these questions, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.
Insurance agents can help
Some consumers still like to buy from a licensed agent and we recommend doing that One of the great benefits of price shopping on the web is that drivers can save money and get cheap car insurance rates and still have a local agent. Buying insurance from local agents is important particularly in Philadelphia.
To make it easy to find an agent, after completing this quick form, your insurance data is sent to local insurance agents who can give free rate quotes for your business. It’s much easier because you don’t need to drive around since rate quotes are delivered directly to you. You can find better rates and a licensed agent to work with. If you want to compare rates from a specific insurance company, feel free to navigate to their website and complete a quote there.
If you are searching for an insurance agent, there are two types of insurance agents that you can choose from. Insurance agencies in Philadelphia are categorized either exclusive or independent.
Independent Agents
These type of agents are not required to write business for one company so they can write business through lots of different companies and find the cheapest rate. If they quote lower rates, the business is moved internally and you don’t have to do anything. If you need lower rates, we recommend you include rate quotes from a few independent agents in order to have the best price comparison. They also have the ability to place coverage with different regional companies which may have better rates.
Shown below are Philadelphia independent insurance agents who may be able to give you pricing information.
- National Insurance Agency
2414 Rhawn St – Philadelphia, PA 19152 – (215) 332-1100 – View Map - Torri Insurance Agency
214 Fairmount Ave – Philadelphia, PA 19123 – (800) 701-5909 – View Map - K and A Insurance Agency
5520 Wayne Ave – Philadelphia, PA 19144 – (215) 991-4900 – View Map
Exclusive Agencies
Agents of this type write business for a single company like Allstate and State Farm. Exclusive agents are unable to shop your coverage around so you might not find the best rates. Exclusive insurance agents are highly trained in insurance sales which helps them compete with independent agents. Consumers sometimes buy insurance from these agents primarily because of the brand name instead of buying on price only.
Below are Philadelphia exclusive insurance agencies that are able to give comparison quotes.
- Les Moore – State Farm Insurance Agent
6750 N 5th St – Philadelphia, PA 19126 – (215) 224-4400 – View Map - Craig Alleyne – State Farm Insurance Agent
6335 Wayne Avenue – Philadelphia, PA 19144 – (215) 438-8440 – View Map - Paul Hoffman – State Farm Insurance Agent
2655 S 12th St – Philadelphia, PA 19148 – (215) 389-4737 – View Map
Deciding on an car insurance agent requires you to look at more than just the quoted price. These are some questions your agent should answer.
- How often do they review policy coverages?
- Where would glass claims be handled in Philadelphia?
- How many years have they been established?
- Do they offer accident forgiveness?
- Are all drivers listed on the coverage quote?
- Can you get a list of referrals?
Cover all your bases
Some insurance providers do not provide price quotes online and these smaller companies provide coverage only through local independent agencies. Low-cost Kia Optima insurance in Philadelphia is possible both online and with local Philadelphia insurance agents, and you should compare rates from both to have the best rate selection.
We’ve covered many ideas to get a better price on Kia Optima insurance in Philadelphia. The most important thing to understand is the more providers you compare, the better your chances of lowering your rates. You may even discover the best prices are with a small local company. These smaller insurers may only write in your state and offer lower rates than the large multi-state companies such as Allstate, GEICO and Progressive.
To read more, link through to the following helpful articles:
- Distracted Driving Statistics (Insurance Information Institute)
- Who Has Cheap Philadelphia Car Insurance Quotes for Drivers Under 21? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Dodge Ram in Philadelphia? (FAQ)
- Who Has Cheap Car Insurance Quotes for Veterans in Philadelphia? (FAQ)
- Comprehensive Coverage (Liberty Mutual)
- Senior Drivers (Insurance Information Institute)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Side Impact Crash Tests (iihs.org)