How Much Does Insurance Cost for a Kia Optima in Louisiana?

When we talk about auto insurance, the words cheap or affordable should not be used anywhere in the article. Nonetheless, cheap car insurance for a Kia Optima is not always easy to find. But don’t let that discourage you, because we will show you how you can still get auto insurance that is affordable.

The likelihood of finding cheaper coverage for a Kia Optima in Louisiana depends on a complicated formula that considers factors such as when you were born, if you have ever had a gap in coverage, and physical damage deductibles. Drivers in Louisiana on average will pay $1,330 each year to insure an Optima, but that rate is an estimate using rate data for a 30-year-old married female that wants both comprehensive and collision coverage and $250 policy deductibles.

There’s a high likelihood you are not 30 years old and maybe not even female, possibly single instead of married, and maybe you want higher deductibles. Every auto insurance policy is unique to the driver, so the most reliable method for finding the cheapest rates for your Kia is to shop your policy around every couple of years. Compare rate quotes now and you will receive rate quotes from some of the most affordable companies in Louisiana.

Compare Kia Optima Insurance Rates

The trim level of your Optima has an effect on the yearly cost, so the cost to insure a Optima LX model will be $150 lower than the price to insure the high end Optima SX version, as shown below.

Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Price information does not factor in specific location information which can raise or lower coverage prices greatly.

Figuring out which company quotes the most affordable auto insurance rates for a Kia Optima involves a tad more effort in order to find the lowest price.

Each insurer has a proprietary method to determine premium rates, so we need to take a look at the overall cheapest auto insurance companies in Louisiana. It’s a good idea to be aware that Louisiana auto insurance rates are based on many factors that control the policy premium. Improving your credit rating, moving across town, or getting a speeding ticket can cause premium changes that can make some companies cheaper than before.

Best Cheap Insurance Rates for Your Optima

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USAA quotes some of the lowest car insurance rates in Louisiana at around $1,626 each year. MetLife, GEICO, Progressive, and Safeway would also be considered some of the most economical Louisiana insurance companies.

As shown in the rates above, if you are currently insured with Progressive and switched to USAA, you may see a yearly price reduction of in the neighborhood of $360. Drivers with Safeway might save as much as $572 a year, and California Casualty insureds might lower prices by up to $620 a year.

Bear in mind that those policy prices are averages across all drivers and vehicles in Louisiana and are not factoring in a specific rate value for a Kia Optima. So the company that can offer you the best rate may not even be shown in the list of companies shown earlier. That point stresses why you need to compare rates from multiple companies using your own driver data and vehicle information.

Safe drivers pay less for auto insurance

The best way to score cheap insurance for a Kia Optima in Louisiana is to drive cautiously and avoid at-fault accidents and violations. The illustration below demonstrates how speeding tickets and accidents can drive up annual premium costs for different age groups. The rate quotes are based on a single female driver, full coverage, $1,000 deductibles, and no other discounts are factored in.

The data charted above shows the average cost of an auto insurance policy in Louisiana per year with a clean driving record and no accidents is $2,507. Add in two speeding tickets and the average cost hikes up to $3,345, an increase of $837 each year. Now include one accident along with the two speeding tickets and the annual cost of auto insurance for a Kia Optima increases to an average of $4,202. That’s an increase of $1,694, or $141 per month, just for not driving carefully!

Rate difference between full and liability-only coverage

Finding cheap insurance for a Kia Optima in Louisiana should be important to the majority of vehicle owners, and one of the quickest ways to buy cheaper insurance is to not pay for full coverage. The chart below compares annual premium costs when comparing full coverage to liability only. The premium estimates are based on no tickets, no at-fault accidents, $100 deductibles, single status, and no discounts are taken into consideration.

On average, physical damage coverage on your policy costs $3,318 per year more than carrying just liability coverage. Many drivers will wonder when is the right time to remove full coverage. There isn’t a written rule that works best for making the decision to drop full coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.

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

When comparing insurance for an Optima in Louisiana, some of the largest companies to start with are Progressive, Allstate, Geico, and State Farm. When combined, they make up almost 50% of the entire U.S. auto insurance market. The table below breaks down ratings and policy coverage options offered by each one.