Cheapest Insurance for a Kia Optima in Vermont

When the topic is auto insurance, the word “cheap” should never appear anywhere in the article as a descriptor for car insurance rates. It’s just reality that cheap auto insurance for a Kia Optima may be a thing of the past. Don’t get your dauber down, because we will teach you how you can still find auto insurance that won’t break your budget.

The chances of buying the cheapest auto insurance for a Kia Optima in Vermont depends on a complicated rating formula that uses factors such as if you are single or married, what you do for a living, and the level of deductible you choose. Drivers in Vermont on average pay approximately $790 every 12 months for Optima insurance, but that rate is an approximation that uses a 30-year-old single male that purchased comprehensive and collision coverage and $250 policy deductibles.

There is a high probability that you are not a 30-year-old male, married instead of single, or maybe your Optima is a different trim level than the example. Just a minor change in rating factors can precipitate large changes in price quotes.

Car insurance prices are based on the driver profile your best shot at finding cheap auto insurance rates for your Kia is to do the rate comparisons yourself. It takes less than five minutes and you can get prices from top-rated companies that sell coverage in Vermont.

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The trim level of your Optima will have an impact the cost of coverage, so the price you pay to insure a Optima LX model will be $80 cheaper than the price to insure the high end Optima SX model, as shown by the rates below.

Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Vermont minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Price information does not factor in garaging location in Vermont which can influence insurance rates greatly.

Trying to buy cost effective auto insurance is not always easy, and figuring out which insurers offer the cheapest car insurance rates for a Kia Optima takes even more shopping around. Each auto insurance company uses a different method for determining prices, so first we will examine the car insurance companies that tend to be cheaper in Vermont.

It’s a good idea to be aware that Vermont car insurance rates are impacted by many things which can substantially change the price you have to pay. This price variation is why Vermont drivers need to shop around with many companies when trying to find the cheapest insurance rates for a Kia Optima. Car insurance prices are calculated by many things and can decrease or increase without notice, so the cheapest option the last time you shopped your coverage around may now not even be in the top five.

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Safeco may offer some of the most affordable car insurance rates in Vermont at around $467 annually. California Casualty, The Hartford, USAA, and Travelers would also be considered some of the more affordable Vermont car insurance companies.

In the above example, if you currently have a policy with California Casualty and switched to Safeco, you could realize an annual savings of about $37. Customers with The Hartford could save as much as $153 a year, and USAA insureds might see rate reductions of $171 a year.

Remember that these rates are averaged across all drivers and vehicles in Vermont and do not factor in a specific rate factor for a Kia Optima. So the company that can offer you the best rate may not even be featured in the company chart above. That points out the importance of why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.

Liability-only versus full coverage

Finding the cheapest insurance for a Kia Optima in Vermont should be important to most drivers, and a good way to buy cheap insurance is to only buy liability insurance. The example below shows the difference between car insurance costs with and without physical damage coverage. The rates are based on no violations or accidents, $250 deductibles, single status, and no discounts are applied.

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If averaged out across all ages, physical damage coverage on your policy costs an extra $1,574 per year more than buying just liability insurance. That raises the question if buying full coverage is a waste of money. There is no definitive formula for phasing out full coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

Is State Farm, Geico, Allstate, or Progressive cheaper?

When comparing insurance for an Optima, four of the best places to start are State Farm, Geico, Allstate, and Progressive. The table below ranks some of the ratings and options that you can purchase from each one.