Comparing and finding cheaper premium rates for Kia Optima Hybrid insurance in Tulsa could be frustrating for people who are beginners to online insurance quotes. With so many options of online companies available, it can easily be a challenge to lower your prices on Kia Optima Hybrid insurance.
Statistics show that about 70% of customers renewed their policy with the same company for at least four years, and practically 40% of car insurance customers have never even compared rates from other companies. Oklahoma consumers could save about $550 each year just by getting comparison quotes, but they don’t know how much they could save if they just switched companies.
All the larger auto insurance companies such as Allstate, GEICO and Progressive allow you to get price estimates direct online. Getting online quotes for Kia Optima Hybrid insurance in Tulsa is very simple because you just enter your coverage preferences into a form. Once you submit the form, the quote system obtains your driving record and credit report and generates a price based on many factors.
This makes it simple to compare prices and it’s absolutely necessary to do this if you want to get the best possible rates on auto insurance.
To quickly find out how much you’re overpaying now, compare rate quotes from the providers shown below. If you currently have coverage, we recommend you enter the coverages as shown on your current policy. Doing this assures you’re receiving rate quotes based on the exact same insurance coverage.
The companies shown below offer comparison quotes in Tulsa, OK. To buy cheap car insurance in OK, we suggest you click on several of them to find the cheapest car insurance rates.
Insuring your vehicle just makes sense
Despite the potentially high cost of Kia Optima Hybrid insurance, insurance is required in Oklahoma but also provides important benefits.
- Most states have minimum liability requirements which means the state requires specific limits of liability protection if you drive a vehicle. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your vehicle has a lienholder, most lenders will have a requirement that you carry insurance to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the lender may insure your Kia at a more expensive rate and force you to reimburse them for the much more expensive policy.
- Insurance safeguards both your Kia Optima Hybrid and your personal assets. It will also cover medical bills for not only you but also any passengers injured in an accident. As part of your policy, liability insurance will also pay attorney fees in the event you are sued. If damage is caused by hail or an accident, collision and comprehensive coverages will pay to have it repaired.
The benefits of insuring your Optima Hybrid greatly outweigh the cost, especially if you ever need it. As of last year, the average driver in Oklahoma overpays as much as $700 annually so smart consumers compare quotes once a year at a minimum to save money.
How to Lower Your Insurance Costs
A large part of saving on car insurance is knowing the different types of things that play a part in calculating car insurance rates. When you know what positively or negatively determines base rates, this allows you to make educated decisions that can help you get big savings.
Raise your comp and collision deductibles for better prices – Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers your vehicle from damage. Some examples of claims that would be covered are running into the backend of another car, damage caused by hail, and damage from a fallen tree branch. The deductibles are the amount of money you are willing to pay out-of-pocket in the event of a claim. The more damage repair cost the insured is willing to pay, the less money you will pay for car insurance.
Your employer and car insurance rates – Jobs such as fire fighters, architects, and financial analysts generally have higher premiums than the average policyholder in part from high stress and extremely grueling work hours. On the other hand, jobs such as professors, students and retirees get better rates.
Too many car insurance claims drive up prices – Car insurance companies in Oklahoma give discounts to drivers that do not abuse their auto insurance. If you file a lot of claims you can expect higher premiums or even policy non-renewal. Insurance coverage is intended for the bigger claims that can’t be paid out-of-pocket.
Car insurance policy lapses raise rates – Driving without insurance can get your license suspended and you may have a hard time finding new coverage because you let your insurance lapse. In addition to paying higher rates, getting caught without coverage could result in a hefty fine and possibly a revoked license.
Discounts for married couples – Your spouse helps lower the price when buying car insurance. Having a spouse translates into being more financially stable and insurance companies like that married drivers get in fewer accidents.
Kia Optima Hybrid claim probability – Insurers study historical loss data to determine a price that will be profitable for them. Models that historically have higher prevalence or dollar amount of losses will have higher rates. The table below shows the loss history for Kia Optima Hybrid vehicles.
For each insurance policy coverage type, the claim probability for all vehicles, without regard to make or model, is equal to 100. Values under 100 mean the vehicle has better than average losses, while percentages above 100 point to more claims or larger claims.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Kia Optima Hybrid | 143 | 115 | 116 | 139 | 158 | 151 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
What is the best car insurance coverage?
Always keep in mind that when comparing coverage online or from an agent for your vehicles, there really is no cookie cutter policy. Everyone’s situation is unique and your car insurance should unique, too.
For instance, these questions might help in determining whether or not you could use an agent’s help.
- What exactly is covered by my policy?
- Do all my vehicles need collision coverage?
- How much liability do I need to cover my assets?
- What is GAP insurance?
- Does insurance cover tools stolen from my truck?
- Do I need replacement cost coverage?
- How high should my medical payments coverage be?
- Should I buy additional glass protection?
If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier
Keep this in mind when shopping around
More affordable car insurance in Tulsa is possible online in addition to many Tulsa insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance companies don’t offer the ability to get quotes online and usually these small insurance companies prefer to sell through independent insurance agents.
When getting Tulsa auto insurance quotes online, it’s very important that you do not buy less coverage just to save a little money. There are a lot of situations where an insured dropped collision coverage only to discover later that their decision to reduce coverage ended up costing them more. The goal is to buy enough coverage at an affordable rate, not the least amount of coverage.
How to save on Kia Optima Hybrid insurance in Tulsa
The preferred way to find better pricing on Kia Optima Hybrid insurance is to start doing a yearly price comparison from different companies in Tulsa. Prices can be compared by following these guidelines.
- Take a little time to learn about the coverage provided by your policy and the things you can control to prevent rate increases. Many risk factors that cause rate increases like traffic tickets, fender benders, and poor credit rating can be improved by making minor changes to your lifestyle.
- Obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can give quotes from one company like Progressive and State Farm, while independent agents can provide price quotes from multiple insurance companies.
- Compare the new rate quotes to your current policy to see if switching to a new carrier will save money. If you find a lower rate quote and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
- Tell your current company of your decision to cancel your current car insurance policy and submit a completed application and payment to your new agent or company. Once the paperwork is finalized, store the proof of insurance certificate along with the vehicle’s registration papers.
A valuable tip to remember is that you’ll want to compare the same coverage limits and deductibles on every price quote and and to get price quotes from as many car insurance companies as possible. This guarantees a fair rate comparison and the best price selection.
For more information, feel free to visit the articles below:
- Safety Belts FAQ (iihs.org)
- Who Has Cheap Tulsa Auto Insurance Rates for High Mileage Drivers? (FAQ)
- What Car Insurance is Cheapest for High School Students in Tulsa? (FAQ)
- Who Has the Cheapest Tulsa Auto Insurance for a GMC Sierra? (FAQ)
- Who Has Affordable Tulsa Car Insurance Rates for a Toyota RAV4? (FAQ)
- Who Has Affordable Car Insurance for 4×4 Vehicles in Tulsa? (FAQ)
- Tread Depth and Tire Safety (State Farm)
- Protect Yourself Against Auto Theft (Insurance Information Institute)