Compare Kia Optima Insurance Rates in Buffalo

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It's well known that insurance companies don't want you shop around. Insureds who shop around for cheaper prices will probably switch insurance companies because there is a high probability of finding a more affordable policy premium. A recent survey discovered that people who made a habit of comparing rate quotes saved on average $3,450 over four years compared to other drivers who didn't regularly shop around.

If finding the lowest price for Kia Optima insurance in Buffalo is your goal, then learning about how to quote prices and compare coverage rates can save money and time.

Insurance rates Kia Optima in BuffaloIf you want to find the absolute lowest rates, then the best way to find low-cost Kia Optima insurance is to compare quotes once a year from insurers in Buffalo. You can compare prices by following these guidelines.

  1. Read and learn about coverages and the changes you can make to prevent rate increases. Many risk factors that drive up the price like speeding tickets, careless driving and a not-so-good credit score can be rectified by making minor changes in your lifestyle. This article gives additional tips to prevent high prices and get bigger discounts.
  2. Compare prices from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can provide rates from a single company like GEICO or State Farm, while independent agencies can provide price quotes for a wide range of companies. View insurance agents
  3. Compare the new rate quotes to your existing policy to see if you can save by switching companies. If you find better rates, ensure there is no coverage lapse between policies.
  4. Notify your current company of your decision to cancel your existing policy. Submit a signed application and payment to the new company. Be sure to place your new certificate verifying coverage in an accessible location in your vehicle.

A valuable tip to remember is to try to use the same liability limits and deductibles on each quote and and to get rate quotes from as many auto insurance providers as possible. This helps ensure an accurate price comparison and plenty of rates choose from.

If you are paying for car insurance now, you will most likely be able to save money using this strategy. Finding affordable car insurance coverage in Buffalo is actually not that difficult if you follow our advice. Although New York drivers benefit from understanding the methods companies use to sell online and use it to your advantage.

When price shopping your coverage, comparing more rates from different companies will enable you to find better pricing.

The companies in the list below have been selected to offer price quotes in Buffalo, NY. To find the best auto insurance in Buffalo, we recommend you visit as many as you can to find the most competitive auto insurance rates.

Why you need auto insurance

Even though it's not necessarily cheap to insure a Kia in Buffalo, maintaining insurance is a good idea for several reasons.

  • Just about all states have compulsory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability protection in order to get the vehicle licensed. In New York these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you have a loan on your Kia Optima, more than likely the lender will make it mandatory that you buy insurance to guarantee loan repayment. If you cancel or allow the policy to lapse, the bank will be required to insure your Kia for a much higher rate and require you to pay much more than you were paying before.
  • Auto insurance protects not only your Kia but also your assets. Insurance will pay for hospital and medical expenses for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, your policy will cover the repair costs.

The benefits of having insurance greatly outweigh the cost, particularly when you have a large claim. According to a 2015 survey, the average American driver is overpaying more than $825 a year so compare quotes from several companies every year to save money.

Kia Optima insurance statistics and information

The data table shown below outlines a range of insurance prices for Kia Optima models. Learning how car insurance prices are determined can help guide drivers when making decisions on the best policy coverages.

Kia Optima Insurance Rates in Buffalo, NY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $224 $474 $362 $22 $108 $1,190 $99
Optima EX $252 $558 $362 $22 $108 $1,302 $109
Optima SX $252 $558 $362 $22 $108 $1,302 $109
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New York minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Table data does not factor in garaging location in Buffalo which can modify coverage rates noticeably.

Rate comparison for different deductibles

When buying insurance, a common question is how high should your deductibles be. The comparisons below outline the difference in cost of buying low and high policy deductibles. The first price estimate table uses a $250 physical damage deductible and the second rate table uses a $500 deductible.

Kia Optima insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $204 $344 $300 $18 $90 $981 $82
Optima EX $230 $406 $300 $18 $90 $1,069 $89
Optima SX $230 $406 $300 $18 $90 $1,069 $89
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Kia Optima insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $166 $278 $300 $18 $90 $852 $71
Optima EX $188 $328 $300 $18 $90 $924 $77
Optima SX $188 $328 $300 $18 $90 $924 $77
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Table data does not factor in specific location which can change premiums noticeably.

Based on the figures above, using a $250 deductible could cost the average driver approximately $12 more each month or $144 every year 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 normally average more than 21 months between claim filings, you would save money going with the higher deductible.

The diagram below highlights how deductible choice and can impact Kia Optima annual premium costs for each age group. The data assumes a single female driver, full physical damage coverage, and no discounts are applied to the premium.

Kia Optima full coverage rates compared to liability only

The chart below visualizes the comparison of Kia Optima insurance costs when comparing full coverage to liability only. The data is based on no accidents, no driving violations, $100 deductibles, single status, and no discounts are applied.

When to stop buying physical damage coverage

There is no set guideline for excluding full coverage, but there is a general convention. If the yearly cost of comp and collision coverage is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let's pretend your Kia Optima settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,000 after you pay the deductible. If it's costing you more than $500 a year for your policy with full coverage, then it's probably a good time to buy liability coverage only.

There are a few situations where buying only liability insurance is not a good idea. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Car insurance discounts help lower rates for Kia Optima insurance in Buffalo

Insurance can be prohibitively expensive, but there could be significant discounts that could drop your premiums quite a bit. Many of these discounts will be applied automatically at quote time, but some may not be applied and must be specially asked for before you will receive the discount.Discount car insurance

  • Passive Restraint Discount - Options like air bags and/or automatic seat belt systems may earn rate discounts of more than 20%.
  • Paper-free Discount - A few larger online companies will discount your bill up to fifty bucks shop Buffalo car insurance on their website.
  • Student in College - College-age children who attend college more than 100 miles from Buffalo and do not take a car to college could qualify for this discount.
  • Anti-theft System - Vehicles equipped with tracking devices and advanced anti-theft systems help deter theft and can earn a small discount on your policy.
  • Drive Safe and Save - Insureds without accidents may save up to 50% more than drivers with accident claims.

We need to note that many deductions do not apply to the entire cost. Some only reduce specific coverage prices like collision or personal injury protection. So when it seems like adding up those discounts means a free policy, car insurance companies aren't that generous.

The illustration below compares Kia Optima insurance rates with and without discounts. The prices are based on a female driver, a clean driving record, no claims, New York 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 marriage, safe-driver, claim-free, multi-policy, multi-car, and homeowner discounts applied.

A list of car insurance companies and some of their more popular discounts are detailed below.

  • Progressive policyholders can earn discounts including online quote discount, good student, homeowner, online signing, multi-vehicle, continuous coverage, and multi-policy.
  • Farmers Insurance discounts include early shopping, multi-car, pay in full, switch companies, youthful driver, distant student, and homeowner.
  • Farm Bureau includes discounts for multi-vehicle, driver training, multi-policy, renewal discount, 55 and retired, safe driver, and good student.
  • State Farm has savings for Steer Clear safe driver discount, Drive Safe & Save, accident-free, defensive driving training, passive restraint, good student, and good driver.
  • GEICO offers discounts for seat belt use, driver training, anti-lock brakes, air bags, and multi-vehicle.
  • SAFECO may offer discounts for anti-lock brakes, teen safe driver, homeowner, safe driver, accident prevention training, and multi-car.
  • Liberty Mutual may include discounts for new move discount, good student, new vehicle discount, multi-policy, and multi-car.

When comparing rates, check with every prospective company which discounts you may be entitled to. Some credits might not apply in your state.