Buying the best cheap auto insurance for a Kia Optima in Nevada relies on a complex formula that considers things such as annual miles driven, your credit rating, and citations or violations on your driving record. Drivers pay around $871 per year for Optima insurance, but that is an approximation calculated using a 40-year-old married female driver with full comprehensive and collision coverage and $250 deductibles.
When estimating a car insurance rate like we just did, the issue is that you may not be 40 years old (or even female), possibly single instead of married, or maybe you're a renter instead of a homeowner. Even a slight change in the criteria used to calculate rates could result in a significant change in policy price.
There is no perfect policy for every driver, so the way we recommend to find affordable rates for your Kia is to put in the effort to do a thorough rate comparison. It only takes a few minutes and you can get rates from the best companies available.
The trim level of your vehicle will have an impact the cost of insurance, so the price you will pay to insure a Optima LX will be $98 less than the price to insure the higher-priced Optima SX version, as shown by the rates below.
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Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Rate information does not factor in your specific Nevada location which can decrease or increase premiums substantially.
Comparing quotes for cost effective insurance is not most people's favorite thing to do, and finding out which companies offer the best car insurance rates for a Kia Optima in Nevada will take even more diligence. Every insurance provider uses slightly different criteria to set policy rates, so let's take a look at the car insurance companies that tend to be cheaper in Nevada.
Compare Cheap Insurance Quotes for Your Optima
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Allied normally has some of the lowest car insurance rates in Nevada at around $911 a year. This is $663 less than the average price paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and American Family also make the cut as some of the more affordable Nevada insurance companies.
As the rates illustrate above, if you currently have a policy with American Family and switched to Travelers, you may realize a yearly savings of in the neighborhood of $318. Insureds with GEICO might save as much as $320 a year, and Progressive customers might realize rate reductions of up to $326 a year.
To compare your rates to other Nevada insurance companies, click here to start a quote or visit several of the following companies.
Understand that those policy prices are averages across all insureds and vehicles and do not take into consideration a specific rate value for a Kia Optima. So the auto insurance company that can offer you the lowest price may not even be in the top 20 companies shown above. That affirms the importance of why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.
Get discount Nevada auto insurance
Car insurance companies that provide policies for a Kia Optima may have special discounts that may potentially lower prices by as much as 40% or more if you qualify. The best car insurance companies and some of the discounts are shown below.
- Farm Bureau may offer discounts for youthful driver, renewal discount, multi-vehicle, 55 and retired, and safe driver.
- Liberty Mutual may have discounts that include newly married, new graduate, preferred payment discount, safety features, newly retired, exclusive group savings, and good student.
- State Farm discounts include accident-free, good student, safe vehicle, multiple policy, and defensive driving training.
- Auto-Owners Insurance offers premium reductions for student away at school, teen driver, multiple vehicles, safe driver, and paid in full.
- GEICO may include discounts for federal employee, defensive driver, anti-lock brakes, five-year accident-free, and seat belt use.
- SAFECO has savings for anti-lock brakes, bundle discounts, safe driver, multi-car, anti-theft, and teen safe driver.
The chart below visualizes the comparison of car insurance rates with and without discounts applied to the rates. The price estimates are based on a male driver, a clean driving record, no claims, Nevada state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with defensive driving course, homeowner, anti-theft, vehicle safety, multiple vehicle, and accident-free discounts applied. When drivers take advantage of discounts, the the average yearly reduction on car insurance for a Kia Optima is 28% or $668.
The example below illustrates how your choice of deductibles can impact insurance costs when trying to find cheap insurance for a Kia Optima in Nevada. The data assumes a single male driver, comprehensive and collision coverage, and no additional discounts are factored in.
As shown above, a 50-year-old driver could lower rates by $354 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $532 by using a $1,000 deductible. Younger drivers, like the 20-year-old category, could shave as much as $1,168 annually just by using higher deductibles. When insureds make the decision to increase the deductibles on their policy, it will be necessary to have enough spare savings to allow you to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Your cheap Optima insurance may actually be overpriced
Nevada car insurance rates are impacted by many factors that may substantially change the policy premium. Simply turning a year older, buying another vehicle, or getting a ticket for running a stop sign can trigger price changes that may make certain companies cheaper than competitors. Not only may your risk profile change, but companies modify rates at least once a year in order to protect their financial rating. Unexpectedly high claims may cause rate hikes, while profitable underwriting can cause more affordable Optima insurance rates.
For instance, the bar chart below compares the cheapest car insurance in Nevada for a 40-year-old female driver with a clear driving record, no claims, and a good credit history. When quoting prices based on her current rating profile, Travelers has the most affordable car insurance rates in Nevada at $903 a year. This is $671 less than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, American Family, and Oregon Mutual are also included in the top five cheapest Nevada auto insurance companies.
Let's now give the driver in the first example an accident surcharge, a lower credit rating, and a blemish on her driving record. Due to the fact that every insurance company has a proprietary formula to set policy rates, comparing quotes most likely will result in a completely different list of the cheapest Nevada car insurance companies as shown below.
GEICO now has the best price in Nevada with Allied, Nationwide, USAA, and Safeco also being competitive. This shows why it is crucial to spend some time comparing rates when trying to get cheap car insurance rates for a Kia Optima. Prices are impacted by many factors and can increase or decrease at any time, so the cheapest option when you bought your policy may now be one of the more expensive options.
How to find cheaper auto insurance for a Kia Optima in Nevada
The list below shows some of the better penny-pinching ideas that can help drivers buy cheaper auto insurance.
- Do not get into accidents that are your fault
- Get cheaper liability coverage by choosing a safer vehicle
- Speeding tickets and other violations increase rates
- Discounts for being claim-free can be substantial
- Buying home and auto together can help save money
- Do not pay for full coverage if not needed
- Check for cheaper rates once a year
The last tip in the list is certainly necessary, as we pointed out in this article. Insurance prices change frequently, so don't be unwilling to change to a new company if you can find a cheaper rate. Brand loyalty is not necessarily bad, but it's not recommended if that devotedness results in you overpaying a considerable chunk of change every month. In just a couple of minutes you could compare prices and find cheaper auto insurance for a Kia Optima.