Best Quotes for Kia Optima Insurance in Anchorage

Insurance quote for Kia Optima in AnchorageEveryone knows that car insurance companies don’t want you comparing rates. Insureds who compare rates once a year will probably switch to a new company because of the high probability of finding a cheaper policy. A survey found that drivers who compared rates annually saved $72 a month compared to drivers who never compared rates.

If saving money on auto insurance in Anchorage is your goal, then having an understanding of how to choose a company and compare cheaper coverage can make it easier to find better rates.

The best way we recommend to save on Kia Optima insurance is to begin comparing prices regularly from providers that sell auto insurance in Anchorage. You can compare rates by following these guidelines.

Step 1: Spend a few minutes and learn about policy coverages and the steps you can take to keep rates low. Many rating factors that result in higher rates such as traffic violations and a poor credit score can be rectified by making small lifestyle or driving habit changes. Continue reading for additional ideas to get cheaper coverage and get bigger discounts.

Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from a single company like Progressive or State Farm, while agents who are independent can provide price quotes for a wide range of companies.

Step 3: Compare the new quotes to the price on your current policy to see if you can save by switching companies. If you find a lower rate and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

One key aspect of rate comparisons is to try to compare the same physical damage deductibles and liability limits on every quote request and and to compare as many different companies as possible. This provides an accurate price comparison and the best price selection.

Finding the cheapest auto insurance coverage in Anchorage is actually quite simple. If you currently have auto insurance, you will most likely be able to reduce premiums using this strategy. But Alaska car owners do need to learn how insurance companies sell online because it can help you find the best coverage.

Informed Drivers Can Cut Insurance Costs

Lots of factors are taken into consideration when quoting car insurance. Some factors are common sense such as traffic violations, although some other factors are more obscure such as your credit history or your financial responsibility. Part of the auto insurance buying process is learning a few of the rating criteria that play a part in calculating auto insurance rates. If you know what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you big savings.

Shown below are some of the most rate-impacting factors that factor into rates.

Statistics and details

The data table shown next showcases a range of insurance policy prices for Kia Optima models. Being aware of how policy rates are calculated can help guide drivers when making smart choices when buying a car insurance policy.

Kia Optima Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $180 $348 $348 $20 $104 $1,000 $83
Optima EX $204 $410 $348 $20 $104 $1,086 $91
Optima SX $204 $410 $348 $20 $104 $1,086 $91
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Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Prices do not factor in Anchorage location which can modify premiums significantly.

Rate comparison for different deductibles

One frequently asked question is how high should your deductibles be. The tables below show the rate differences when you select higher and lower physical damage coverage deductibles. The first pricing table uses a $100 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.

Kia Optima insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $234 $422 $308 $18 $92 $1,099 $92
Optima EX $264 $498 $308 $18 $92 $1,205 $100
Optima SX $264 $498 $308 $18 $92 $1,205 $100
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Kia Optima insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $130 $222 $308 $18 $92 $770 $64
Optima EX $146 $262 $308 $18 $92 $826 $69
Optima SX $146 $262 $308 $18 $92 $826 $69
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Estimates do not factor in vehicle garaging location which can influence auto insurance rates substantially.

Using the premium rates above, we can conclude that using a $100 deductible would cost the average driver about $30 more each month or $360 a year than opting for the higher $1,000 deductible. Since you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average more than 30 months between claim filings, you would most likely save money if you choose the higher deductible. The numbers below show an example of how we made this calculation.

Average monthly premium for $100 deductibles: $97
Average monthly premium for $1,000 deductibles (subtract): – $67
Monthly savings from raising deductible: $30
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 30 months

The diagram below shows how choosing a deductible and can affect Kia Optima premium costs for different categories of driver ages. The rates are based on a married female driver, comp and collision included, and no discounts are factored in.

Companies offer money-saving discounts on Kia Optima insurance in Anchorage

Car insurance is easily one of your largest bills, but there are discounts available to help bring down the price. A few discounts will automatically apply at the time you complete a quote, but some may not be applied and must be specifically requested prior to receiving the credit.Discount car insurance

A quick disclaimer, some of the credits will not apply to the whole policy. Most only apply to the cost of specific coverages such as comp or med pay. So even though it sounds like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

The information below illustrates the difference between Kia Optima insurance costs with and without discounts applied. The premium estimates are based on a female driver, no claims or violations, Alaska state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, homeowner, multi-policy, marriage, and multi-car discounts applied.

A few popular companies and a summarized list of policyholder discounts include:

Check with each company to apply every possible discount. Depending on the company, some discounts may not be available in your area. To find companies that offer many of these discounts in Alaska, click this link.

Alaska auto insurance companies ranked

Finding the best auto insurance provider is difficult considering how many different companies sell coverage in Alaska. The rank data in the lists below could help you pick which insurers you want to consider comparing rates from.

Top 10 Anchorage Car Insurance Companies Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. The General
  5. State Farm
  6. AAA Insurance
  7. Allstate
  8. Esurance
  9. Safeco
  10. 21st Century

Top 10 Anchorage Car Insurance Companies Overall

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Progressive
  9. Allstate
  10. Liberty Mutual

The best insurance company isn’t always the cheapest

When searching for the cheapest Kia Optima rate quotes, it’s very important that you do not skimp on coverage in order to save money. In many cases, an accident victim reduced full coverage only to regret that they should have had better coverage. The aim is to get the best coverage possible for the lowest cost and still be able to protect your assets.

We just covered some good ideas how you can compare Kia Optima insurance premium rates in Anchorage. The key thing to remember is the more providers you compare, the better likelihood of getting inexpensive Anchorage car insurance quotes. You may even find the most savings is with some of the smallest insurance companies.

Insureds switch companies for a number of reasons such as being labeled a high risk driver, an unsatisfactory settlement offer, not issuing a premium refund or questionable increases in premium. It doesn’t matter what your reason, choosing a new insurance company can be easier than you think.

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