Having to pay for pricey Kia Optima Hybrid insurance in Laredo can take a big chunk out of your family’s budget and maybe even restrict other spending. Doing a rate analysis is a great way to reduce premiums and put more money in your pocket.
Smart shoppers know that insurance companies don’t want you to compare rates. People who shop around for cheaper price quotes are highly likely to buy a different policy because there is a good probability of finding a more affordable policy premium. Surprisingly, a recent survey revealed that consumers who make a habit of shopping around saved an average of $3,400 over four years compared to those who didn’t regularly shop around.
If finding budget-friendly insurance in Laredo is your goal, understanding the best way to shop and compare insurance can help you succeed in saving money.
How to find cheaper quotes for Kia Optima Hybrid insurance in Laredo
Truthfully, the best way to get more affordable Kia Optima Hybrid insurance in Laredo is to compare prices at least once a year from different companies who can sell car insurance in Texas. Prices can be compared by following these guidelines.
Step 1: Spend some time learning about the different coverages in a policy and the steps you can take to keep rates down. Many things that are responsible for high rates like getting speeding tickets and poor credit can be amended by making minor changes to your lifestyle. This article provides information to find cheap prices and find overlooked discounts.
Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like GEICO or Allstate, while independent agents can quote prices for a wide range of insurance providers.
Step 3: Compare the new rate quotes to your current policy premium and see if there is a cheaper rate. If you find a lower rate and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
The critical component of shopping around is to make sure you enter identical coverage information on each quote request and and to get rate quotes from every insurance company. Doing this helps ensure the most accurate price comparison and the best rate selection.
Insurance companies such as GEICO, 21st Century and Progressive all promote huge savings with ad campaigns and it can be hard to ignore the promise of big savings and effectively compare rates to find the best deal.
It’s a good idea to compare rates on a regular basis since prices are constantly changing. If you had the lowest quotes on Kia Optima Hybrid insurance in Laredo last year there is a good chance you can find better rates now. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to the right way to get good coverage on Kia Optima Hybrid insurance in Laredo at a lower rate.
Cheaper rates on Kia Optima Hybrid insurance in Laredo with these insurance discounts
The price of auto insurance can be rather high, but there’s a good chance there are discounts to help offset the cost. Some discounts apply automatically when you complete an application, but a few need to be specially asked for before you will receive the discount.
- Life Insurance – Larger insurance companies have a small discount if you purchase some life insurance in addition to your auto policy.
- Seat Belt Discounts – Requiring all passengers to fasten their seat belts can save 10% or more on medical payment and PIP coverage.
- Low Mileage Discounts – Low annual miles could earn lower premium rates due to less chance of an accident.
- Employee of Federal Government – Being employed by or retired from a federal job could cut as much as 10% off but check with your company.
- Passive Restraints – Options like air bags or motorized seat belts may earn rate discounts as much as 30%.
- Multiple Vehicles – Buying coverage for more than one vehicle on one policy may reduce the rate for each vehicle.
- Accident-Free Discounts – Good drivers with no accidents pay much less in comparison to bad drivers.
- New Car Discount – Adding a new car to your policy can cost up to 25% less because newer vehicles are generally safer.
- Paperwork-free – A few larger online companies will give a small break for buying your policy digitally online.
Drivers should understand that most credits do not apply to the entire policy premium. Most cut individual premiums such as comprehensive or collision. Even though it may seem like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.
A partial list of companies that may have most of the discounts above possibly include:
When quoting, ask all the companies to apply every possible discount. Some of the discounts discussed earlier may not be available in Laredo. For a list of insurers that can offer you the previously mentioned discounts in Texas, click here.
The companies shown below can provide comparison quotes in Texas. To locate cheap car insurance in Texas, we suggest you compare several of them to get a more complete price comparison.
How Car Insurance Companies Calculate Kia Optima Hybrid Insurance Premiums
An important part of buying insurance is that you know some of the elements that come into play when calculating the rates you pay for car insurance. If you have a feel for what controls the rates you pay, this allows you to make educated decisions that can help you get big savings. Many factors are part of the equation when premium rates are determined. Some are obvious like a motor vehicle report, although some other factors are not quite as obvious like your continuous coverage or your vehicle rating.
- Insurance is expensive for youthful drivers – Young drivers in Texas have been known to be inattentive when at the wheel of a vehicle so car insurance rates are higher. Having to add a teenage driver to your policy can be quite pricey. Older drivers have been proven to be more responsible, cause fewer claims and accidents, and receive fewer citations.
- Use one insurance company and save – The majority of insurance companies afford lower prices for people who buy several policies from them, otherwise known as a multi-policy discount. The amount of the discounts can be anywhere from five to ten percent in most cases. Even though this discount sounds good, it’s still a good idea to shop around to confirm you are receiving the best rates possible.
- Liability limits on your policy – A critical coverage on your policy, liability insurance is the coverage that protects you if ever you are ruled to be at fault for personal injury or accident damage. Your liability coverage provides for a legal defense to defend your case. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.
- What are your physical damage deductibles? – The deductibles you choose define how much you are required to spend if a covered claim is submitted. Physical damage insurance, also known as collision and other-than-collision, protects your car from damage. Some examples of claims that would be covered are rear-ending another vehicle, animal collisions, and damage from wind. The more expense the insured has to pay upfront, the lower your rates will be.
- High credit score translates to low costs – Credit history is a big factor in determining your rates. If your credit history is low, you may save money insuring your Kia Optima Hybrid by spending a little time repairing your credit. Insureds with very good credit scores tend to be more responsible than drivers who have lower ratings.
-
Kia Optima Hybrid insurance loss statistics – Companies use claims history to help determine rates. Vehicles that have higher number or severity of losses will have higher rates.
The table below demonstrates the insurance loss data for Kia Optima Hybrid vehicles. For each insurance policy coverage type, the claim amount for all vehicles, regardless of manufacturer or model, is a value of 100. Percentage values below 100 indicate better than average losses, while numbers shown that are more than 100 point to more frequent losses or larger claims.
Kia Optima Hybrid Insurance Claim Statistics Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Kia Optima Hybrid 143 115 116 139 158 151 BETTERAVERAGEWORSEStatistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Auto insurance agents are professional risk managers
Many drivers just prefer to go talk to an agent and doing that can be a smart decision Professional agents can answer important questions and help file insurance claims. The biggest benefit of comparing rate quotes online is that you can find cheaper rates and still choose a local agent.
Upon completion of this form (opens in new window), the coverage information is instantly submitted to local insurance agents in Laredo who will gladly provide quotes for your business. It’s much easier because you don’t need to leave your computer since price quotes are sent to the email address you provide. If you have a need to get a rate quote for a specific company, don’t hesitate to search and find their rate quote page and complete a quote there.
Finding the right insurance company needs to be determined by more than just a cheap price. Below are some questions you should ask.
- When do they do a full risk review?
- What is the financial rating for the quoted company?
- Do they see any coverage gaps in your plan?
- In the event of vehicle damage, can you pick the collision repair facility?
- Can they provide you with a list of referrals?
Upon getting answers to your satisfaction to these questions and a low price estimate, chances are good that you have found an provider that can be trusted to properly service your auto insurance policy.
Auto insurance is not optional
Despite the potentially high cost of Kia Optima Hybrid insurance, auto insurance is required by state law in Texas and it also provides benefits you may not be aware of.
- Almost all states have minimum liability requirements which means you are required to buy a specific level 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 your Kia has a loan, most banks will require you to have comprehensive coverage to guarantee loan repayment. If you let the policy lapse, the bank will be required to insure your Kia at a significantly higher premium and require you to fork over for the expensive policy.
- Auto insurance preserves not only your vehicle but also your assets. It will also pay for all forms of medical expenses for not only you but also any passengers injured in an accident. Liability coverage also pays for attorney fees and expenses in the event you are sued. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of carrying adequate insurance outweigh the cost, particularly if you ever have a claim. As of last year, the average driver in Texas is wasting up to $810 a year so smart consumers compare quotes at every renewal to be sure current rates are still competitive.
Which auto insurance company is best in Texas?
Insuring your vehicle with the top insurer can be a challenge considering how many choices there are in Texas. The company information in the lists below could help you select which coverage providers you want to consider purchasing a policy from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
One last thing to lower rates
As you prepare to switch companies, never reduce needed coverages to save money. There are a lot of situations where an insured cut physical damage coverage only to regret at claim time that it was a big mistake. Your strategy should be to buy a smart amount of coverage at the best price and still be able to protect your assets.
You just learned a lot of ways to save on Kia Optima Hybrid insurance in Laredo. The key thing to remember is the more rate comparisons you have, the better your comparison will be. You may even discover the lowest priced auto insurance comes from a small local company. Regional companies may cover specific market segments cheaper compared to the large companies like State Farm, GEICO and Nationwide.
Steps to finding low-cost Kia Optima Hybrid insurance in Laredo
If you want to save money, the best way to quote cheaper auto insurance rates is to do an annual price comparison from insurers who can sell car insurance in Laredo.
- Step 1: Learn about car insurance and the measures you can take to keep rates low. Many factors that result in higher rates such as at-fault accidents, careless driving, and a not-so-good credit rating can be amended by making minor changes in your lifestyle.
- Step 2: Compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like Progressive or Farmers Insurance, while agents who are independent can quote rates for a wide range of insurance providers.
- Step 3: Compare the new quotes to your current policy and see if you can save money. If you can save some money, make sure the effective date of the new policy is the same as the expiration date of the old one.
One important bit of advice is to make sure you enter the same coverage limits and deductibles on each quote request and to quote with as many companies as you can. Doing this helps ensure the most accurate price comparison and a complete rate analysis.
Much more information about auto insurance in Texas is located below:
- Insurance losses by make and model (Insurance Institute for Highway Safety)
- Who Has Cheap Laredo Car Insurance for Safe Drivers? (FAQ)
- How do I File a Claim? (Insurance Information Institute)
- Child Safety Seats (Insurance Information Institute)