Kia Optima insurance cost image courtesy of QuoteInspector.com
Finding economical coverage for a Kia Optima in New Jersey is usually pretty straightforward, but it hinges on many rating criteria such as how long your commute is, your residence address, and blemishes on your driving record. New Jersey drivers will pay around $1,355 per year to insure their Optima, but that cost is an estimate based on 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're not a 40-year-old female, single instead of married, or maybe you live in a different area as the quoted rates. Even a slight change in rating variables can result in a big discrepancy in the price of coverage.
Every driver's needs are different, and that is why the best way to find cheap insurance rates for your Kia is to just compare rates yourself.
Your Kia's trim level tends to impact the cost of insurance, so the price you will pay to insure a Optima LX will be $148 less than the cost to insure the more expensive Optima SX trim level, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in specific zip code location which can affect premiums substantially.
Jersey City insurance companies
Picking a highly-rated company can be challenging considering how many different companies there are to choose from in New Jersey. The ranking information in the next section could help you analyze which car insurance companies to look at when trying to find cheaper insurance for a Kia Optima. The ratings below include large nationwide companies, so companies with more of a regional focus are not included in these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Discounts on Jersey City insurance rates
Insurers that offer coverage for a Kia Optima could also offer price discounts that may potentially lower prices by 35% or more if you meet certain criteria. The best insurance companies and their possible discounts are:
- Farmers Insurance may include discounts for multi-car, good student, teen driver, mature driver, distant student, alternative fuel, and bundle discounts.
- Esurance includes discounts for Pac-12 alumni, paid-in-full, anti-theft, DriveSense, and Switch & Save.
- State Farm discounts include multiple policy, Steer Clear safe driver discount, driver's education, Drive Safe & Save, accident-free, and passive restraint.
- GEICO offers discounts including federal employee, driver training, seat belt use, membership and employees, five-year accident-free, and emergency military deployment.
- Allstate has discounts for safe driver, premier discount, senior citizen, anti-lock brakes, EZ pay plan discount, resident student, and FullPay discount.
The information below shows the difference between premium costs with and without discounts being applied to the rates. The premiums assume a female driver, no claims or violations, New Jersey state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with multiple vehicle, passive restraint, claim-free, multiple policy, defensive driving course, and safe-driver discounts applied. When these discounts are applied, theaverage amount saved on insurance for a Kia Optima is 28% or $985.
Compare rates to save
Jersey City insurance rates are impacted by many things that control the cost of having a policy. Simply improving your credit, moving to a different location, or getting a few speeding tickets may prompt premium changes that may make certain companies more affordable than others. Also, car insurance companies change premium rates every year or even multiple times each year in order to be able to pay unexpected claims. Significantly higher losses may cause additional price hikes, while profitable underwriting can cause more affordable Optima insurance rates.
For instance, the graph below shows the companies that have the cheapest car insurance in Jersey City, NJ for a 35-year-old male driver with a clear driving record, no claims, and a good credit rating. If we estimate rates based on his personal risk profile, 21st Century might offer the most affordable car insurance rates in Jersey City at $1,481 a year. This is $371 less than the average premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades are the remaining cheapest Jersey City, NJ auto insurance companies.
In this example, we will give the driver in the first chart a chargeable accident, a lower credit score, and a blemish on his driving record. Since each company has a different formula for filing rates in each state, comparing prices most likely will result in a substantially altered list of cheap Jersey City auto insurance companies as shown below.
The Hartford now has the cheapest rate in Jersey City, NJ with Allstate, USAA, Travelers, and Mercury also having competitive pricing. This shows why consumers need to do a thorough rate comparison to find cheap auto insurance quotes for a Kia Optima. Insurance prices are influenced by many different factors and change dramatically, so the most affordable company the last time you shopped your coverage around may now be one of the higher cost companies.
How to find economical insurance for a Kia Optima
Below you'll find many thrifty suggestions that can help Jersey City drivers find cheaper auto insurance.
- Home or renters coverage can save on auto insurance
- Older vehicles may not need full coverage
- Avoid having at-fault accidents
- Lower rates by purchasing a safer vehicle
- Higher credit scores may earn you cheaper rates
- Shop around for cheaper prices
The last item on the list is very important, as we discussed in the prior information. Prices charged by auto insurers can be modified anytime, so you should be ready to buy from a new company if a cheaper price is available. Having a favorite company is fine, but it's not a great idea if that inflexibility results in costing you money that could be spent on other things. If you have a few minutes, now is a great time to compare rates and find cheaper auto insurance for a Kia Optima in Jersey City.