Buying cheaper auto insurance for a Kia Optima can be pretty simple, but it is dependent upon a large number of factors such as how safe your vehicle is, your residence address, and your driving record. Wisconsin drivers will pay on average $767 a year for Optima insurance, but that amount is an approximation based on a 40-year-old single female driver with full comprehensive and collision coverage and $250 deductibles.
But there is a good chance that you are not 40 years old and maybe not even female, married instead of single, and maybe you have sub-par credit that needs to be factored in. Having even a minor difference in rating variables may result in a big change in how much insurance for a Kia Optima costs.
Insurance is an individual thing, so the best method for finding affordable rates for your Kia is to just take the time to compare rates yourself.
The specific model of Optima tends to have a direct effect on the cost of insurance, so the price to insure a Optima LX will be $82 less than the price to insure the higher-end Optima SX trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Price information does not factor in garaging location in Milwaukee which can revise premiums greatly.
Buying coverage from a highly-rated insurance company can be challenging considering how many different companies insure vehicles in Wisconsin. The company ratings in the lists below can help you decide which coverage providers to look at when looking for cheaper rates.
The rankings below include major nationwide insurance companies, so companies with more of a regional focus will not be included in this list. To check rates from these companies and more, just click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The example below demonstrates how deductibles can influence premium costs when researching cheap insurance for a Kia Optima. The premium estimates are based on a single male driver, full coverage, and no additional discounts are factored in.
The chart above illustrates that a 40-year-old driver could cut expenses by $266 a year by switching from a $100 deductible up to a $500 deductible, or save $398 by switching to a $1,000 deductible. Young drivers, like the Age 20 category, have the ability to save $872 every year by choosing a higher deductible. If you do raise deductibles, it will be necessary to have spare funds to be able to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Impact of speeding/accidents on auto insurance rates
The best way to obtain good auto insurance prices in Wisconsin for an Optima is to drive safely and avoid tickets and accidents. The diagram below highlights how speeding tickets and accident claims impact insurance rates for different age categories. The price estimates are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.
The data above shows the average cost of an auto insurance policy in Wisconsin per year with no accidents and a clean driving record is $1,804. Receive two speeding tickets and the average cost rises to $2,396, an increase of $592 each year. Now add in one accident along with the two speeding tickets and the 12-month cost of auto insurance for a Kia Optima increases to an average of $2,994. That’s an increase of $1,189, or $99 per month, just for not maintaining a clean driving record!
Your low-price policy may be costing you money
Milwaukee auto insurance rates are based on many factors that control the price you pay. Simply getting older, moving across town, or getting a couple of tickets can trigger price changes that can cause some rates to be cheaper than before.
In addition, car insurance companies modify pricing every year in order to protect their financial rating. Significantly higher claims may result in more expensive premiums, while long-term profits may result in lower-cost Optima insurance rates.
To illustrate this point, the data below analyzes the cheapest car insurance in Milwaukee, WI for a 30-year-old female driver with no prior claims, no tickets, and solid credit. When quoting prices based on her personal profile, USAA has the cheapest car insurance rates in Milwaukee at $866 each year. This is $295 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Rural Mutual Insurance are the remainder of the cheapest Milwaukee, WI auto insurance companies.
The chart below compares rates after we give the driver from the first example an at-fault accident, a little lower credit rating, and a blemish on her driving record. Since each auto insurance company has a unique formula for determining rates in each state, analyzing rate quotes will most likely result in a completely different list of the cheapest companies as shown below.
Nationwide now has the cheapest auto insurance in Milwaukee with Pekin Insurance, Western National, Travelers, and Partners Mutual now rounding out the top five. This example demonstrates why it is critical to spend some time comparing rates when trying to find the most affordable auto insurance quotes for a Kia Optima. Car insurance prices are made up of many risk factors and can change without notice, so the cheapest company the last time you shopped around may now be one of the higher cost companies.
How to find more affordable insurance for a Kia Optima
The list below details some penny-pinching solutions that can help Wisconsin drivers find cheap auto insurance.
- Be a safe driver
- Try to pay small claims out-of-pocket
- Bundle home and auto and save
- Choose a safer vehicle and pay lower rates
- Accident-free drivers may qualify for discounts
- Look for cheaper rates once a year by shopping around
That final tip is certainly vital, as was pointed out in this piece. Auto insurance prices can be adjusted at any time, so drivers shouldn’t be reluctant to change to a new company if you can find a cheaper rate. Many consumers stick with the same company and that’s fine, but is isn’t recommended if your bullheadedness ends up costing you major coinage every year. If you have a few minutes, now is a great time to compare rates to find cheaper auto insurance for a Kia Optima in Milwaukee.
The agencies below can most likely answer your questions and help you decide which auto insurance coverages would be the best in your situation, as many consumers aren’t sure which coverage to buy and prefer to have a professional recommendation when trying to find lower insurance rates for an Optima. It can be difficult to find coverage yourself, and a professional agent can bring satisfaction knowing your coverage gives you suitable coverage if you ever need to use it. To locate a Milwaukee insurance agent in your neighborhood, click the button following the list or click here to compare rates now.
Reilly Insurance Services
3075 S Howell Ave – Milwaukee, WI 53207 – (414) 482-4461
Robertson Ryan and Associates, Inc
330 E Kilbourn Ave #650 – Milwaukee, WI 53202 – (414) 271-3575
American Family Insurance – Dennis James
6111 W Bluemound Rd – Milwaukee, WI 53213 – (414) 259-0040