Discount Kia Optima insuranceBuying lower priced Baltimore Kia Optima insurance quotes on the web is problematic for vehicle owners that are relatively new to comparing prices over the internet. With literally dozens of companies in the marketplace, how can Baltimore drivers possibly compare them all to find cheaper insurance prices?

Sadly, a large majority of consumers have remained with the same insurance company for at least the last four years, and nearly 40% of drivers have never even compared rates from other companies. American drivers could cut their rates by about 46.5% a year just by getting comparison quotes, but they assume it's a waste of time to compare rate quotes online.

It's a great practice to do price comparisons every six months because prices are constantly changing. Just because you had the lowest rates on Kia Optima insurance in Baltimore two years ago there is a good chance you can find better premium rates now. Forget anything you know (or think you know) about insurance because you're going to get a crash course in how to quote online to save on insurance.

Buy Cheaper Car Insurance with These Tips

Multiple criteria are considered when pricing auto insurance. Some factors are common sense such as traffic violations, but others are less apparent such as whether you are married or your commute time. Smart consumers have a good feel for a few of the rating criteria that go into determining car insurance rates. If you understand what impacts premium levels, this helps enable you to make changes that can earn you much lower annual insurance costs.

Vocation stress can affect rates - Did you know your career choice can influence rates? Occupations like doctors, business owners and financial analysts are shown to have higher premium rates attributed to intense work requirements and lots of time spent away from family. On the other hand, careers such as farmers, historians and performers pay the least.

Bad credit will cost you - Having a good credit history is likely to be a major factor in calculating your car insurance rates. Drivers who have good credit tend to be more responsible as compared to drivers with poor credit. If your credit history can be improved, you could save money insuring your Kia Optima if you improve your credit rating.

Liability coverage - Your policy's liability coverage will provide protection if ever you are determined to be liable for damages caused by your negligence. It provides legal defense to defend your case. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so drivers should carry high limits.

High premiums for teen drivers - Mature drivers are more responsible, are lower risk to insure, and are generally more financially stable.Teenage drivers are statistically shown to be careless and easily distracted when driving with friends therefore car insurance rates are much higher.

More performance means higher costs - The type of car or truck you drive makes a significant difference in the rate you pay. Since the Kia Optima is a passenger car, rates will be similar in price or lower as compared to the average rate in Baltimore. Smaller low performance passenger cars receive the most favorable rates, but your final cost has many other factors.

Kia Optima insurance claim data - Car insurance companies use past insurance losses to help determine the price you pay. Models that the statistics show to have a higher amount or frequency of claims will be charged more to insure. The data below shows the insurance loss data used by companies for Kia Optima vehicles.

For each insurance policy coverage type, the claim amount for all vehicles compiled together is represented as 100. Percentage numbers below 100 indicate better than average losses, while numbers above 100 show a trend for more claims or an increased probability of a larger loss.

Kia Optima Insurance Claim Statistics

Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Kia Optima 115 101 107 133 142 120
Kia Optima Hybrid 143 115 116 139 158 151

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

To find affordable Baltimore auto insurance quotes, there are several ways to obtain and compare prices from many insurance companies in Maryland. The recommended way to find the lowest rates is to perform an online rate comparison.

When comparing insurance rates, know that comparing all the rates in your area helps locate the best price. Not every company does online price quotes, so you should also compare price quotes from them, too.

The providers in the list below provide price comparisons in Baltimore, MD. If the list has multiple companies, we suggest you visit as many as you can to get the most competitive price.

Kia Optima Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $286 $486 $472 $28 $142 $1,414 $118
Optima EX $304 $618 $432 $26 $130 $1,510 $126
Optima SX $250 $392 $602 $36 $180 $1,460 $122
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Table data does not factor in Baltimore location which can revise price quotes significantly.

Gender-based auto insurance premiums

The chart below shows the difference between Kia Optima insurance prices for male and female drivers. The premium estimates are based on no accidents, no driving violations, comp and collision included, $250 deductibles, drivers are single, and no discounts are taken into consideration.

Analysis of deductible levels

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The rates below may aid in understanding the price difference when you buy lower versus higher physical damage coverage deductibles. The first rate comparisons uses a $250 physical damage coverage deductible and the second data table uses a $1,000 deductible.

Kia Optima insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $314 $528 $458 $28 $138 $1,491 $124
Optima EX $354 $624 $458 $28 $138 $1,627 $136
Optima SX $354 $624 $458 $28 $138 $1,627 $136
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Kia Optima insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $194 $332 $458 $28 $138 $1,150 $96
Optima EX $218 $392 $458 $28 $138 $1,234 $103
Optima SX $218 $392 $458 $28 $138 $1,234 $103
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Table data does not factor in specific Baltimore garaging location which can increase or decrease insurance rates greatly.

Based on the above data, using a $250 deductible will cost you roughly $31 more each month or $372 each year than opting for the higher $1,000 deductible. Since you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 24 months between claim filings, you would most likely save money if you opt for a higher deductible. The table below illustrates how we made this calculation.

Average monthly premium for $250 deductibles: $132
Average monthly premium for $1,000 deductibles (subtract): - $101
Monthly savings from raising deductible: $31
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $31
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 24 months

An important thing to remember is that a higher deductible means you will have to pay more out-of-pocket when you have to file a claim. You need to make sure you have some extra savings in the event you need to pay the higher deductible.

Three reasons auto insurance is important

Despite the high cost, insuring your vehicle serves an important purpose.

The benefits of carrying adequate insurance are definitely more than the cost, especially for larger claims. On average, a vehicle owner in Baltimore is overpaying more than $810 a year so you should quote rates every year to ensure rates are inline.

Get affordable Kia Optima insurance in Baltimore with discounts

Not too many consumers would say auto insurance is affordable, but there could be significant discounts that may help make it more affordable. Some discounts will apply at the time of purchase, but lesser-known reductions have to be specially asked for before they will apply.Discount auto insurance

As a sidenote, some credits don't apply to your bottom line cost. Some only reduce the cost of specific coverages such as liability, collision or medical payments. Despite the appearance that all those discounts means the company will pay you, that's just not realistic.

Larger auto insurance companies and a summarized list of policyholder discounts are shown below.

Before you buy a policy, ask each company what discounts are available to you. All car insurance discounts might not be offered on policies everywhere. If you would like to see a list of companies that have a full spectrum of discounts in Baltimore, click here to view.

What if I want to buy from local Baltimore car insurance agents?

Many people would prefer to go talk to an agent and that is a personal choice. One of the great benefits of price shopping on the web is you can get the best rates and still have a local agent.

Baltimore insurance agentsAfter completing this short form, your insurance data is submitted to agents in your area who can give free rate quotes for your business. You won't even need to do any legwork since price quotes are sent directly to you. You can most likely find cheaper rates AND a local agent. If you have a need to quote rates from a specific insurance company, feel free to jump over to their website and fill out the quote form the provide.

Deciding on an company requires you to look at more than just the quoted price. These are some valid questions you should ask.

Listed below are Baltimore car insurance companies willing to provide rate quotes for Kia Optima insurance in Baltimore.

More insurance agents

Shop around and save

While you're price shopping online, don't be tempted to sacrifice coverage to reduce premiums. There are too many instances where consumers will sacrifice full coverage and learned later they didn't have enough coverage. Your goal should be to buy a smart amount of coverage at the best price, but do not sacrifice coverage to save money.

Insureds change insurance companies for any number of reasons including questionable increases in premium, extreme rates for teen drivers, unfair underwriting practices and even delays in responding to claim requests. No matter why you want to switch, finding the right insurance provider can be less work than you think.

Low-cost Kia Optima insurance in Baltimore can be purchased both online as well as from independent agents in Baltimore, so you need to shop Baltimore auto insurance with both to have the best rate selection. There are still a few companies who do not offer price quotes online and many times these regional carriers only sell coverage through independent agents.

Even more information can be found by following these links: