Buying economical coverage for a Kia Optima in Missouri is pretty simple for most people to do, but it hinges on a fairly complex equation with a lot of factors such as annual miles driven, whether or not you have filed claims in the past, and your choice of deductibles. Drivers will pay on average $657 annually to insure their Optima, but that price is based upon a 50-year-old married female driver with full physical damage coverage and $250 deductibles.
If we were betting, you aren’t exactly 50 years old or even a female, maybe you are single instead of married, or maybe you want more liability coverage than is required by law in Missouri. Not everyone needs the same coverages, so the best method for finding the cheapest rates for your Kia is to compare as many rates as you can. In less than five minutes you will receive prices from top-rated companies that offer coverage in Missouri.
Vehicle trim level has an effect on the cost of coverage, so the price you will pay to insure a Optima LX trim level will be $72 lower than the price 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 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Missouri minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Information does not factor in vehicle garaging location which can lower or raise prices considerably.
Choosing the right insurer can be rather challenging considering how many companies sell coverage in Kansas City. The ranking information listed below may help you decide which companies you want to consider shopping prices with.
These rankings are for companies that insure vehicles across America, so companies with more of a regional focus are not taken into consideration for this list. To check prices and find cheaper insurance for a Kia Optima, just click here.
Top 10 Major Auto Insurance Companies in Kansas City Ranked by Customer Service
- State Farm
- Safeco Insurance
- American Family
- Liberty Mutual
- The Hartford
- Farmers Insurance
Top 10 Major Auto Insurance Companies in Kansas City Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Nationwide – A+
- Esurance – A+
- The Hartford – A+
- Progressive – A+
- Allstate – A+
- The General – A-
Difference between full coverage and liability only rates
Lowering the price of auto insurance should be important to most drivers, and one of the best ways to pay less for insurance for a Kia Optima is to only buy liability insurance. The illustration below illustrates the difference between car insurance rates with full coverage and liability only. The data is based on no claims, a clean driving record, $500 deductibles, drivers are single, and no additional discounts are factored in.
As an overall average, physical damage coverage costs an additional $1,708 per year more than just buying liability only. That touches on the question if buying full coverage is worth the money. There is no clear-cut rule to drop comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost of full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s assume your vehicle’s replacement value is $11,500 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $10,500 after you pay the deductible. If it’s costing in excess of $1,050 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are some scenarios where removing full coverage is not a good plan. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.
How to get discounts on Kansas City car insurance
Insurers that offer cheap quotes for a Kia Optima may also provide premium discounts that can lower rates by 25% or more if you meet specific eligibility requirements. Large auto insurance companies and the discounts they provide can be read below.
- 21st Century offers discounts for student driver, automatic seat belts, homeowners, driver training, air bags, teen driver, and anti-lock brakes.
- State Farm has discounts for good driver, anti-theft, multiple autos, Drive Safe & Save, and Steer Clear safe driver discount.
- AAA offers premium reductions for multi-car, pay-in-full, AAA membership discount, education and occupation, good student, and good driver.
- Liberty Mutual includes discounts for safety features, newly married, multi-car, exclusive group savings, and new vehicle discount.
- Progressive discounts include good student, continuous coverage, multi-policy, online signing, online quote discount, homeowner, and multi-vehicle.
The chart below shows the difference between premium costs with and without discounts being applied to the rates. The premiums assume a male driver, no violations or claims, Missouri state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with anti-theft, marriage, homeowner, passive restraint, multiple policy, and accident-free discounts applied. In this example, theaverage amount saved on auto insurance for a Kia Optima is 28% or $399.
Low rates can quickly become overpriced
Missouri auto insurance rates are calculated based on many things which can significantly increase or decrease the cost of a policy. Improving your credit rating, having a teenage driver, or having a fender bender may prompt premium changes that can cause some rates to be cheaper in comparison to the competition.
Not only may things change on your end, but auto insurance companies change prices as often as every quarter to help ensure profitability. An extended period of higher than normal claims can cause additional price hikes, while long-term profits may result in lower-cost Optima insurance rates.
To illustrate this point, the chart below demonstrates which company has the cheapest car insurance in Kansas City, MO for a 35-year-old female driver with no violations or accidents, and excellent credit. If we estimate prices based on her current situation, USAA offers the most affordable car insurance rates in Kansas City at $817 per year. This is $445 less than the average policy premium paid by Missouri drivers of $1,262. The Hartford, Electric, Allied, and Travelers are also included in the most affordable Kansas City, MO auto insurance companies.
In this next rate comparison, we will give the driver from the above example a chargeable claim, a lower credit score, and a few traffic violations. Because every insurance company has a different formula for determining rates in each state, comparing prices may result in a different list of companies as shown below.
MO Farm Bureau now has the best price in Kansas City with The Hartford, Nationwide, Farmers, and Electric completing the list. This example demonstrates why Kansas City drivers need to spend some time comparing rates to get the cheapest car insurance quotes for a Kia Optima.
Insurance prices are impacted by many different factors and change frequently, so the best option two years ago may now be quite expensive.
How to find the cheapest car insurance for a Kia Optima
The list below shows many money-saving solutions that can help you buy lower-cost coverage.
- Raise physical damage deductibles
- Avoid at-fault accidents and claims
- Save money by observing traffic laws and speed limits
- Do not pay for full coverage on older vehicles
- If possible, do not file small claims
- Compare rates regularly to ensure the best deal
The last tip in the list is extraordinarily critical, as we noted in the article above. Coverage rates in Kansas City change frequently, so don’t be unwilling to buy a different policy if you can save money.
Loyalty to a specific company is fine, but it’s not a great idea if that devotion results in you overpaying a wad of cash every year. If you have a few minutes, now is a great time to compare prices to find cheaper auto insurance for a Kia Optima.
The Kansas City car insurance agencies listed below can help you decide which coverage meets your needs best, since many people would rather have some professional guidance when shopping for the best coverage for a Kia Optima. It can be difficult to find coverage yourself, so getting advice from a licensed Missouri insurance agent can provide you satisfaction knowing your policy gives you adequate asset protection.
To locate a Kansas City car insurance agency in your neighborhood, click the button below the list.
- American Family Insurance – Robert Redmond Agency Inc.
6315 Brookside Plaza #104 – Kansas City, MO 64113 – (816) 361-8600
- American Family Insurance – Mike Faeth
110 NW Barry Rd Ste 203 – Kansas City, MO 64155 – (816) 436-6603
- McLaughlin Insurance Agency
406 W 34th St #802 – Kansas City, MO 64111 – (816) 931-3341