Unthinkable but true, the vast majority of consumers kept buying from the same company for over three years, and almost 40% of drivers have never compared rates to find affordable insurance. Toledo consumers can save almost 55% each year by just shopping around, but they mistakenly think it’s difficult to compare rates and save money.
Really, the only way to find affordable Kia Optima Hybrid insurance in Toledo is to compare prices regularly from providers who sell insurance in Ohio.
- First, get a basic knowledge of what coverages are included in your policy and the steps you can take to lower rates. Many rating criteria that cause rate increases such as multiple speeding tickets and bad credit can be eliminated by making minor changes in your lifestyle.
- Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agents can quote rates from multiple sources.
- Third, compare the new rate quotes to your current policy premium and see if there is a cheaper rate. If you find a better price, verify that coverage does not lapse between policies.
- Fourth, notify your current company of your decision to cancel your existing policy and submit a completed policy application and payment for your new coverage. Make sure you keep your new certificate of insurance along with your vehicle registration.
A key point to remember is that you’ll want to make sure you compare identical coverages on every quote request and and to get quotes from as many carriers as you can. This guarantees a fair price comparison and a complete price analysis.
All major car insurance companies such as State Farm, GEICO and Progressive provide insurance quotes direct online. The process is pretty painless as you just type in the coverages you want into a form. Behind the scenes, their quoting system sends out for your credit score and driving record and returns pricing information. Quoting online for Kia Optima Hybrid insurance in Toledo helps simplify price comparisons, and it’s also necessary to perform this step if you are searching for the most affordable car insurance rates.
To quickly get comparison pricing now, compare quotes from the companies shown below. To compare your current rates, we recommend you copy the insurance coverages as close as possible to your current policy. Doing this guarantees you will have a price comparison for the exact same coverage.
The companies shown below can provide free quotes in Toledo, OH. To get cheaper auto insurance in OH, we suggest you visit several of them to get the cheapest price.
Choosing Optima Hybrid insurance is an important decision
Despite the high cost of buying insurance for a Kia Optima Hybrid in Toledo, insurance is not optional due to several reasons.
First, almost all states have minimum mandated liability insurance limits which means state laws require a specific level of liability insurance coverage if you don’t want to risk a ticket. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if your Kia Optima Hybrid has a lienholder, it’s most likely the lender will make it a condition of the loan that you carry insurance to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the lender may insure your Kia for a lot more money and force you to reimburse them the higher price.
Third, insurance safeguards both your Kia and your assets. It also can pay for medical transport and hospital expenses incurred in an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if you cause an accident and are sued. If your Kia gets damaged, collision and comprehensive coverages will pay to repair the damage.
The benefits of carrying adequate insurance greatly outweigh the cost, particularly for liability claims. But the average American driver is overpaying over $855 a year so you should quote and compare rates at every policy renewal to ensure rates are competitive.
Why You Might Pay Inflated Rates in Toledo
Part of the car insurance buying process is learning the factors that help determine car insurance rates. When you understand what determines base rates, this enables informed choices that could result in lower car insurance prices. Many different elements are part of the calculation when pricing auto insurance. A few of the factors are predictable such as your driving history, but other factors are less apparent like your continuous coverage or your commute time.
The list below includes just a few of the factors companies use to determine your rates.
Lower rates by increasing deductibles – Physical damage coverage, otherwise known as comp (or other than collision) and collision, protects your Kia from damage. Some coverage claims would be a broken windshield, damage from fire, and damage caused by flying debris. Comprehensive and collision coverage deductibles tell how much you are willing to pay if a covered claim is submitted. The larger the amount you are required to pay out-of-pocket, the lower your rates will be.
Better rates with anti-theft devices – Purchasing a vehicle that has a built-in theft deterrent system can earn a premium discount. Anti-theft devices such as OnStar, LoJack tracking, and tamper alarms help track and prevent auto theft and help lower rates.
Age of drivers impacts prices – Teenage drivers in Ohio are known to get distracted easily when driving with friends and because of this, their car insurance rates are much higher. Having to add a first-time driver onto a policy can be quite pricey. More mature drivers are more responsible, statistically cause fewer accidents, and are safer drivers.
Men drivers tend to cost more – Statistics show that females tend to be a little less risky than males. Now that doesn’t mean males are worse at driving than females. Both genders have accidents at about the same rate, but males tend to have higher claims. In addition to higher claims, males also have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly. Teenage male drivers are the most expensive to insure and therefore are the most expensive to insure.
Cautious drivers have lower costs – Only having one speeding ticket or other violation may increase your cost to the point where it’s not affordable. Good drivers have lower premiums compared to drivers with tickets. Drivers unfortunate enough to have careless citations such as DUI, reckless driving or excessive speeding may find they need to maintain a SR-22 with the DMV in their state in order to legally drive a vehicle.
Insurance loss data for a Kia Optima Hybrid – Insurers include the past claim trends for vehicles when setting premium rates. Vehicles that are shown to have a higher amount or frequency of claims will have higher rates.
The next table shows the insurance loss data for Kia Optima Hybrid vehicles. For each policy coverage type, the claim amount for all vehicles, regardless of make, model or trim level, is represented as 100. Values that are below 100 represent a good loss history, while values that are above 100 indicate a higher chance of having a claim or an increased chance of a larger loss.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Kia Optima Hybrid | 143 | 115 | 116 | 139 | 158 | 151 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Don’t give up on affordable rates
We covered quite a bit of information on how to reduce Kia Optima Hybrid insurance prices online in Toledo. The most important thing to understand is the more you quote Toledo auto insurance, the higher your chance of finding affordable Kia Optima Hybrid insurance quotes. Consumers may even find the best prices are with some of the smallest insurance companies. These smaller insurers may often insure only within specific states and give better rates than the large multi-state companies such as Progressive or GEICO.
The cheapest Kia Optima Hybrid insurance in Toledo is available online as well as from independent agents in Toledo, and you need to comparison shop both so you have a total pricing picture. A few companies do not offer internet price quotes and many times these regional insurance providers sell through independent insurance agents.
As you shop your coverage around, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many cases where consumers will sacrifice liability limits or collision coverage only to find out that the savings was not a smart move. Your goal should be to purchase a proper amount of coverage for the lowest price but still have enough coverage for asset protection.
Much more information about insurance in Ohio can be found below:
- Top Signs Your Brakes are Giving Out (State Farm)
- How Much are Auto Insurance Quotes for a Kia Forte in Toledo? (FAQ)
- How Much is Toledo Auto Insurance for 18 Year Olds? (FAQ)
- Who Has Affordable Toledo Auto Insurance Rates for Drivers with Bad Credit? (FAQ)
- How Much is Auto Insurance for a Company Car in Toledo? (FAQ)
- Who Has Cheap Car Insurance for Lyft Drivers in Toledo? (FAQ)
- What Car Insurance is Cheapest in Toledo, Ohio? (FAQ)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- Senior Drivers (Insurance Information Institute)
- Neck Injury FAQ (iihs.org)