Affordable Kia Optima Insurance in Honolulu

Insurance rates Kia Optima in HonoluluTruthfully, the best way to find the cheapest price for Kia Optima insurance in Honolulu is to begin comparing prices regularly from insurers in Hawaii. Rates can be compared by following these steps.

The key thing to remember is to try to use identical coverages on each quote request and and to get price estimates from as many companies as you can. This enables a level playing field and a complete rate analysis.

It’s easy to assume that auto insurance companies don’t want you shop around. Consumers who get comparison quotes once a year will, in all likelihood, move their business because they have a good chance of finding a more affordable policy premium. A study discovered that consumers who regularly compared price quotes saved over $70 a month compared to policyholders who never shopped for cheaper rates.

If finding the lowest price on Kia Optima insurance in Honolulu is why you’re here, understanding how to get rate quotes and compare insurance rates can make shopping around easier.

Choosing the best insurance company for you in Honolulu is really quite simple as long as you have a good starting point. If you have insurance now or are just looking to switch companies, use these cost-cutting techniques to shop for the lowest rates and still have adequate protection. Smart buyers just have to understand the least time-consuming way to find the lowest price from multiple carriers.

Low cost Kia Optima insurance prices in Honolulu

The car insurance companies shown below provide price quotes in Hawaii. If multiple companies are shown, we suggest you get rates from several of them to get the most competitive price.

Analysis of Kia Optima rates

The table below highlights estimates of prices for Kia Optima models. Having a better understanding of how auto insurance premiums are established can help you make smart choices when choosing a car insurance company.

Kia Optima Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $108 $212 $314 $18 $94 $746 $62
Optima EX $122 $250 $314 $18 $94 $798 $67
Optima SX $122 $250 $314 $18 $94 $798 $67
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Data variables include married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Hawaii minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Estimates do not factor in your specific Honolulu location which can influence coverage prices considerably.

Deductible comparison

When shopping for auto insurance, a common question is how high should the deductibles for physical damage be. The tables below highlight the rate difference between low and high coverage deductibles. The first data set uses a $250 comprehensive and collision deductible and the second rate table uses a $1,000 deductible.

Kia Optima insurance 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 with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $126 $216 $300 $18 $90 $750 $63
Optima EX $142 $256 $300 $18 $90 $806 $67
Optima SX $142 $256 $300 $18 $90 $806 $67
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Price estimates do not factor in zip code location which can modify price quotes noticeably.

Based on the above data, using a $250 deductible will cost you approximately $21 more each month or $252 every year than buying the higher $1,000 deductible. Because you would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to have at least 36 months between claim filings, you would come out ahead by going with a higher deductible. Below is the way you can decide this on your own policy.

Average monthly premium for $250 deductibles: $87
Average monthly premium for $1,000 deductibles (subtract): – $66
Monthly savings from raising deductible: $21
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $21
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 36 months

One thing to note is that higher deductibles means you will have to pay more when you have a claim. That will require a higher level of savings in order to pay more for the deductible.

Impact of speeding/accidents on auto insurance rates

The illustration below highlights how speeding tickets and at-fault fender-benders drive up Kia Optima auto insurance costs for each different age group. The information is based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.

Gender-based auto insurance premiums in Honolulu

The example below illustrates the comparison of Kia Optima car insurance rates for male and female drivers. The data assumes a clean driving record, no claims, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are factored in.

Kia Optima full coverage rates compared to liability only

The example below illustrates the difference between Kia Optima insurance costs with liability coverage only compared to full coverage. The prices are based on no claims or driving violations, $500 deductibles, marital status is single, and no discounts are factored in.

When to drop full coverage

There is no specific rule to delete comp and collision coverage, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let’s assume your Kia Optima book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $7,000 after the policy deductible has been paid. If you are paying over $700 annually for full coverage, then it might be time to buy liability only.

There are some scenarios where only buying liability is not recommended. If you haven’t satisfied your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not remove full coverage.

Why you need quality insurance for your vehicle

Even though it’s not necessarily cheap to insure a Kia in Honolulu, insuring your vehicle may be required for several reasons.

The benefits of buying enough insurance more than offset the price you pay, especially when you need to use it. But the average American driver overpays as much as $810 a year so shop around each time the policy renews to make sure the price is not too high.

Get cheaper rates with these seven discounts

Auto insurance companies don’t always list all available discounts very well, so we researched some of the more common in addition to some of the lesser obvious insurance savings.Cheaper insurance with discounts

One thing to note about discounts is that most of the big mark downs will not be given to the overall cost of the policy. Most only reduce individual premiums such as collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, nobody gets a free ride.

The illustration below illustrates the difference between Kia Optima yearly insurance costs with and without discounts applied to the rates. The costs are based on a female driver, no driving violations, no at-fault accidents, Hawaii 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 claim-free, marriage, homeowner, multi-car, safe-driver, and multi-policy discounts applied.

To view insurers that offer discounts in Hawaii, follow this link.

Do I need an insurance agent?

Some people still prefer to visit with an insurance agent and that is a personal choice. Most agents are trained to spot inefficiencies and help in the event of a claim. An additional benefit of getting online price quotes is the fact that drivers can get cheaper premium rates and still buy from a local agent.

Insurance agents in HonoluluBy using this form (opens in new window), your information is sent to participating agents in Honolulu who can give free rate quotes to get your business. You won’t need to search for any insurance agencies because quoted prices will be sent straight to your inbox. If you wish to get a price quote from a specific insurance company, don’t hesitate to find their quoting web page and submit a quote form there.

Finding the right company requires more thought than just the bottom line cost. These questions are important to ask:

If you prefer to buy car insurance from a good Honolulu insurance agent, you need to know there are two types of agencies to choose from. Insurance agencies in Honolulu are categorized either independent (non-exclusive) or exclusive. Both insure your vehicles, but it’s good to learn the difference in the companies they write for since it can affect buying decisions.

Exclusive Car Insurance Agencies

Exclusive insurance agents are contracted to one company and some examples include Farmers Insurance, American Family, State Farm and Allstate. Exclusive agencies are unable to provide rate quotes from other companies so they have no alternatives for high prices. Exclusive agents receive a lot of sales training on what they offer which helps them compete with independent agents. Consumers frequently buy from exclusive agents mostly because of high brand loyalty rather than low rates.

The following is a list of exclusive insurance agencies in Honolulu who can help you get price quote information.

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Independent Car Insurance Agencies

Agents that choose to be independent are not locked into one company and that is an advantage because they can write policies with lots of companies and possibly get better coverage at lower prices. If your premiums go up, the business is moved internally and the insured can keep the same agent.

When searching for an agent, you will definitely want to compare quotes from independent agents to ensure the widest selection of prices. Many independent agencies also insure through smaller companies that can offer cheaper rates than bigger companies.

Below are Honolulu independent insurance agencies that can give you price quote information.

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Hawaii auto insurance companies ranked

Picking the top insurer can be a challenge considering how many different companies sell coverage in Hawaii. The information displayed below can help you decide which companies to look at shopping prices with.

Top 10 Honolulu Car Insurance Companies Ranked by Customer Service

  1. State Farm
  2. GEICO
  3. The Hartford
  4. Progressive
  5. Allstate
  6. American Family
  7. AAA Insurance
  8. Nationwide
  9. Liberty Mutual
  10. Farmers Insurance

How to know if you need help

When it comes to buying a policy for your personal vehicles, there is no cookie cutter policy. Every situation is different.Drive safe and save

These are some specific questions might point out if your insurance needs might need professional guidance.

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form. It is quick, free and can help protect your family.

Specific coverages for a Kia Optima

Having a good grasp of a auto insurance policy can be of help when determining the right coverages and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many Hawaii drivers have only the minimum liability required by law (20/40/10), their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Auto liability

Liability insurance protects you from damage or injury you incur to other people or property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 20/40/10 that translate to a $20,000 limit per person for injuries, a total of $40,000 of bodily injury coverage per accident, and a total limit of $10,000 for damage to vehicles and property.

Liability insurance covers things like medical services, medical expenses, repair costs for stationary objects and pain and suffering. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford. Hawaii state law requires minimum liability limits of 20/40/10 but it’s recommended drivers buy higher limits.

The next chart shows why buying minimum limits may not be enough.

Comprehensive insurance

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like damage from a tornado or hurricane, hail damage and vandalism. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Collision coverage protection

Collision coverage covers damage to your Optima from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like colliding with another moving vehicle, rolling your car, backing into a parked car, crashing into a ditch and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also bump up the deductible on your Optima to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for bills like rehabilitation expenses, X-ray expenses and funeral costs. They are often utilized in addition to your health insurance program or if you lack health insurance entirely. It covers you and your occupants and also covers being hit by a car walking across the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Quote more and you will save more

When buying insurance coverage, it’s a bad idea to skimp on coverage in order to save money. There are many occasions where an accident victim reduced full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your aim should be to get the best coverage possible for the lowest price while not skimping on critical coverages.

We’ve covered quite a bit of information on how to reduce Kia Optima insurance premium rates online in Honolulu. It’s most important to understand that the more price quotes you have, the better likelihood of getting low cost Honolulu car insurance quotes. You may even find the lowest premium rates come from a company that doesn’t do a lot of advertising.

Drivers leave their current company for a variety of reasons including high rates after DUI convictions, questionable increases in premium, extreme rates for teen drivers or even lack of trust in their agent. It doesn’t matter why you want to switch choosing a new insurance company is pretty easy and you might even save some money in the process.

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