Find Affordable Kia Optima Insurance in Plano

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If you want to save the most money, the best way to get cheaper car insurance rates is to start comparing prices yearly from companies who sell insurance in Plano.

Step 1: Get a basic knowledge of how insurance works and the factors you can control to drop your rates. Many policy risk factors that are responsible for high rates such as speeding and your credit history can be eliminated by improving your driving habits or financial responsibility.

Step 2: Get rate quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like GEICO and Allstate, while independent agents can provide prices from multiple sources. View prices

Step 3: Compare the new quotes to the price on your current policy to see if you can save by switching companies. If you find a lower rate and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

Step 4: Provide written notification to your current company to cancel the current policy. Submit a signed application and payment to your new insurance company. As soon as you can, store the proof of insurance certificate in your vehicle.

One bit of advice is to use similar deductibles and liability limits on each quote and and to get quotes from all possible companies. This helps ensure the most accurate price comparison and a thorough price selection.

Insurance for Kia OptimaIt's easy to assume that insurance companies don't want you to look at other companies. Drivers who shop around for cheaper price quotes will presumably switch to a new company because there is a high probability of finding discount prices. A recent auto insurance study revealed that consumers who shopped around saved as much as $865 annually compared to policyholders who never shopped around for better prices.

If finding discount rates on Kia Optima insurance in Plano is your ultimate goal, then having a good understanding how to compare coverage rates can help you succeed in finding affordable rates.

Finding and comparing the most affordable auto insurance policy in Plano can be fairly easy. In essence, every vehicle owner who comparison shops for auto insurance will more than likely find a lower-cost company. Nevertheless, Texas drivers do need to learn how the larger insurance companies charge you for coverage.

The are a couple different ways to compare rate quotes from different Plano insurance companies. The best way to find affordable Kia Optima insurance rates is to use the internet to compare rates. Keep in mind that getting more free quotes helps locate the best rates.

The companies shown below offer free rate quotes in Plano, TX. If you want to find the best auto insurance in Texas, we suggest you compare several of them to get the lowest price.

Statistics and details

The premium table below highlights different prices for Kia Optima models. Having a better understanding of how rate quotes are figured can aid in making smart buying decisions.

Kia Optima Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $156 $306 $486 $28 $146 $1,122 $94
Optima EX $176 $360 $486 $28 $146 $1,196 $100
Optima SX $176 $360 $486 $28 $146 $1,196 $100
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Premium costs do not factor in specific garaging location which can modify coverage rates significantly.

Higher deductibles lower rates

One of the most common auto insurance questions is at what level do you set your deductibles. The comparisons below may help you to understand how much more you'll pay of buying low and high coverage deductibles. The first rate table uses a $250 physical damage deductible and the second price 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 $294 $496 $430 $26 $128 $1,399 $117
Optima EX $332 $584 $430 $26 $128 $1,525 $127
Optima SX $332 $584 $430 $26 $128 $1,525 $127
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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 $182 $312 $430 $26 $128 $1,078 $90
Optima EX $206 $368 $430 $26 $128 $1,158 $97
Optima SX $206 $368 $430 $26 $128 $1,158 $97
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Table data does not factor in garaging location in Plano which can change prices substantially.

Based on this data, using a $250 deductible costs about $29 more each month or $348 a year across all Kia Optima models than selecting the higher $1,000 deductible. Because you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at a minimum 26 months between claim filings, you would most likely save money if you opt for a higher deductible.

How to determine if higher deductibles are a good idea

Average monthly premium for $250 deductibles: $124
Average monthly premium for $1,000 deductibles (subtract): - $95
Monthly savings from raising deductible: $29
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

One big caveat is that increasing deductibles to lower your rates means you will have to cover more of the damage yourself when you have a claim. That will force you to have some funds available in the event you have to pay the deductible to have repairs made.

Score discounts on Plano insurance

Car insurance can cost a lot, but you may be missing some discounts that you may not know about. Most are applied when you complete an application, but some discounts are required to be specifically requested in order for you to get them. If you check and find you aren't receiving every discount you qualify for, it's possible you qualify for a lower rate.Discount insurance

  • Discount for New Cars - Putting insurance coverage on a new Optima may earn a small discount because newer vehicles have to meet stringent safety requirements.
  • No Claim Discounts - Drivers with accident-free driving histories get the best insurance rates when compared with frequent claim filers.
  • Theft Deterrent - Cars with anti-theft systems are less likely to be stolen and therefore earn up to a 10% discount.
  • Own a Home and Save - Just owning your own home may trigger a policy discount on insurance since home ownership requires personal responsibility.
  • Memberships - Having an affiliation with a civic or occupational organization in Plano is a simple method to lower premiums when getting a Plano car insurance quote.
  • Active Service Discounts - Being deployed in the military could be rewarded with lower premium rates.
  • Anti-lock Brake System - Cars with ABS and/or traction control can avoid accidents and qualify for as much as a 10% discount.
  • First Accident Forgiveness - This isn't a discount exactly, but certain companies will allow you to have one accident before raising your premiums with the catch being you have to be claim-free for a particular time prior to the accident.

Discounts save money, but please remember that some of the credits will not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like medical payments or collision. So even though they make it sound like all those discounts means the company will pay you, companies wouldn't make money that way.

The information below visualizes the comparison of Kia Optima yearly insurance costs with and without discounts applied. The prices are based on a female driver, no tickets, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, safe-driver, multi-policy, claim-free, and marriage discounts applied.

Some of the larger companies that have these benefits are:

When getting free Plano car insurance quotes, it's a good idea to each insurance company the best way to save money. Discounts might not be offered in your state. If you would like to see a list of insurers that offer the discounts shown above in Plano, click here.

Insurance is not optional in Texas

Despite the fact that insurance is not cheap in Plano, maintaining insurance is a good idea for several reasons.

  • Just about all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability coverage in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a lien on your Optima, almost every bank will make it mandatory that you carry insurance to guarantee payment of the loan. If you default on your policy, the bank will be required to insure your Kia for a lot more money and require you to pay for the much more expensive policy.
  • Insurance protects your car and your assets. Insurance will pay for many types of medical costs for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, will also pay to defend you if you are sued as the result of your driving. If your Kia gets damaged, your policy will pay all costs to repair after the deductible has been paid.

The benefits of insuring your Optima more than offset the price you pay, specifically if you ever have a liability claim. Despite what companies tell you, the average driver is overpaying more than $869 every year so you should quote rates at every policy renewal to ensure rates are inline.

Local Plano insurance agents

Some people just prefer to talk to a local agent and often times that is recommended A good thing about getting free rate quotes online is the fact that you can find cheap rate quotes and also buy local. And buying from local agents is important especially in Plano.

Plano insurance agentsFor easy comparison, once you complete this form (opens in new window), the quote information is transmitted to participating agents in Plano that give free quotes for your insurance coverage. It makes it easy because there is no need to contact an agency since rate quotes are delivered immediately to you. You can find better rates without the usual hassles of price shopping. If you need to get a comparison quote from a specific auto insurance provider, you just need to search and find their rate quote page and submit a quote form there.

Types of auto insurance agents

If you would like to find a local Plano insurance agent, it's helpful to know the different agency structures and how they can write your policy. Auto insurance agencies are categorized either independent agents or exclusive agents.

Independent Auto Insurance Agencies or Brokers

Independent agencies do not sell for just one brand so they can insure your vehicles with lots of companies depending on which coverage is best. If you want to switch companies, they simply switch companies in-house without you having to go to a different agency. When comparing auto insurance prices, we recommend you contact several independent agencies to have the best price comparison. Many independent agencies also insure through less well-known companies which may have better rates.

Shown below are independent agencies in Plano that may be able to give pricing information.

More insurance agents

Exclusive Agents

These type of agents normally can only provide a single company's rates and some examples include State Farm, Allstate and AAA. Exclusive agents cannot provide prices from multiple companies so they really need to provide good service. Exclusive agencies are highly trained on sales techniques and that enables them to sell even at higher rates. Many people buy from exclusive agents mainly due to the prominence of the brand rather than low price.

The following are exclusive agents in Plano that are able to give price quote information.

More insurance agents

Choosing the best car insurance agent is decision based upon more than just the bottom line cost. The following questions are important to ask.

  • Are you getting all the discounts the company offers?
  • Do they assist clients in filing claims?
  • Is coverage determined by price?
  • Is the agency involved in supporting local community causes?
  • Which companies do they recommend if they are an independent agency?
  • Does the company have a local claim office in Plano?
  • If your car is totaled, how to they determine the replacement cost?
  • How often do they review policy coverages?