Buying the best cheap car insurance for a Kia Forte relies on many rating criteria such as your marital status, your address, and if you have tickets or violations. Drivers pay around $887 a year to insure their Forte, but that price is an estimation based upon a 30-year-old married male driver with full physical damage coverage and $100 deductibles.
This brings up the issue that more than likely you are not 30 years old and maybe not even male, you might be single instead of married, or maybe you’re a renter instead of a homeowner. Everone’s needs are different, and this illustrates why the best method for finding cheap insurance rates for your Kia is to do a thorough rate comparison.
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The trim level of your Kia will influence the yearly cost, so the price you will be charged to insure a Forte LX 4-Dr Sedan trim level will be $228 lower than the price to insure the more expensive Forte SX 2-Dr Coupe model, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Forte LX 4-Dr Sedan||$234||$348||$272||$16||$82||$952||$79|
|Forte EX 4-Dr Sedan||$234||$348||$272||$16||$82||$952||$79|
|Forte SX 4-Dr Sedan||$264||$422||$272||$16||$82||$1,056||$88|
|Forte EX 2-Dr Coupe||$264||$498||$308||$18||$92||$1,180||$98|
|Forte SX 2-Dr Coupe||$264||$498||$308||$18||$92||$1,180||$98|
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Price estimates do not factor in specific location information which can affect auto insurance rates substantially.
Finding out which company quotes the most affordable auto insurance rates for a Kia Forte will involve a tad more effort than just comparing a company or two. Every insurance provider uses their own method for determining rates, so let’s take a look at the auto insurance companies that tend to be cheaper in Alaska.
Keep in mind that Anchorage auto insurance rates are influenced by many factors which can significantly increase or decrease the policy price. Simply turning a year older, getting divorced, or having an at-fault accident can cause premium changes that can make some companies affordable when they were higher priced.
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|Rank||Company||Cost Per Year|
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Umialik offers some of the lowest car insurance rates in Anchorage at around $874 annually. USAA, State Farm, Progressive, and GEICO also make the cut as some of the most economical Anchorage, AK auto insurance companies.
In the above example, if you currently buy coverage from USAA and switched to Umialik, you might realize a yearly savings of approximately $93. Policyholders with State Farm may save as much as $131 a year, and Progressive customers might cut rates by $349 a year.
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Remember that these policy prices are averages for all drivers and vehicles in Alaska and and are not calculated with a specific vehicle garaging location for a Kia Forte. So the company that has the cheapest rates for you may not even be in the list above. That affirms the importance of why you need to get car insurance quotes using your own individual information.
Rate difference between full and liability-only coverage
Finding the cheapest auto insurance should be important to most people, and one of the best ways to find cheaper insurance for a Kia Forte is to not insure for full coverage. The chart below visualizes the comparison of premium costs with full physical damage coverage compared to only buying liability only. The premium estimates are based on no claims or violations, $500 deductibles, marital status is single, and no discounts are applied.
Averaged for all ages 20 through 70, physical damage coverage costs $1,429 per year over and above liability only. That proposes the question if buying full coverage is worth the money. There isn’t a written rule of when to stop paying for physical damage insurance, but there is a general school of thought. If the annual cost of coverage is about 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.
The chart below illustrates how your deductible choice can impact insurance prices when getting quotes for cheap insurance for a Kia Forte. The data assumes a single male driver, full physical damage coverage, and no other discounts are factored in.
In the chart above, a 30-year-old driver could cut expenses by $262 a year by increasing from a $100 deductible to a $500 deductible, or save $396 by using a $1,000 deductible. Even younger insureds, like the Age 20 category, could shave as much as $756 or even more by choosing a larger deductible amount. If you make the decision to raise deductibles, it is a good idea to have plenty of money set aside to allow you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
The benefit of shopping around
Anchorage auto insurance rates are impacted by many things that control the price you pay for coverage. Improving your credit score, becoming a homeowner, or getting a DUI can trigger rate changes that may make certain companies cheaper than competitors. In addition to those changes, insurers change the rates they charge in Alaska every year or even multiple times each year in order to be able to pay unexpected claims. Higher than normal claim frequency or severity may cause additional premium costs, while lower claims may cause more affordable Forte insurance rates.
For instance, the chart below analyzes the cheapest car insurance in Anchorage, AK for a 45-year-old female driver with no accidents, a clean driving record, and good credit. When comparing rates based on her current risk factors, Umialik may offer the lowest car insurance rates in Anchorage at $1,133 each year. This is $410 less than the average premium paid by Alaska drivers of $1,543. USAA, State Farm, Progressive, and GEICO also make the list of the most affordable Anchorage, AK auto insurance companies.
The next chart shows rates after we give the driver from the first rate comparison a claim surcharge, a lower credit rating, and a traffic ticket or two. Because each insurer has a different process to establish rates, comparing prices could now result in a different ranking of cheap Anchorage auto insurance companies as shown below.
USAA now has the cheapest car insurance in Anchorage with State Farm, Umialik, Progressive, and Safeco completing the list. This example illustrates why consumers need to take the time to perform an extensive rate comparison when trying to get affordable insurance quotes for a Kia Forte. Insurance prices are determined by many things and can change without notice, so the best price the last time you shopped your coverage around may now be wasting a lot of money.
How to find the cheapest car insurance for a Kia Forte
Lowering your rates is not difficult, and here are some of the better money-saving suggestions that can help drivers find cheap car insurance.
- Staying accident-free helps keep rates low
- Vehicles with good safety ratings have lower liability rates
- Don’t have frequent claims
- Be a cautious driver
- Insure your home and auto with the same company
- Compare rates and switch if you can find a better deal
That last idea is extraordinarily vital, as we hit on in this write-up. Auto insurance prices can be modified anytime, so don’t be tentative to buy a policy from a new company if you can find a cheaper rate. Brand loyalty is great, but is isn’t recommended if that faithfulness ends up costing you hundreds of dollars a year. Now is a great time to compare rates to find cheaper auto insurance for a Kia Forte in Anchorage.
The Anchorage auto insurance agencies shown below can most likely aid you in deciding which coverages are best, as some drivers have questions and prefer to have the advice of a professional agent when shopping for the best coverage for a Forte. It can be difficult to find the best coverage on your own, so a licensed agent can provide peace of mind knowing your coverage gives you sufficient protection if you have a claim. To find an agent near you, click the button after the list.
- Allstate Insurance: Babette Miller
3304 Spenard Rd – Anchorage, AK 99503 – (907) 561-7671
- Art Dorsey – State Farm Insurance Agent
9191 Old Seward Hwy #6 – Anchorage, AK 99515 – (907) 522-1231
- Herb Schlereth – State Farm Insurance Agent
225 E Fireweed Ln #101 – Anchorage, AK 99503 – (907) 277-5548
- State Farm Insurance
Anchorage, AK 99508 – Anchorage, AK 99508 – (907) 333-6575