How many times have you told yourself it's time to shop around for the cheapest Kia Optima insurance in Denver? There isn't a single person who anticipates paying for car insurance, especially when the cost is way too high.

Insurance quote for Kia Optima in DenverA study showed that nearly 70% of consumers kept buying from the same company for at least the last four years, and 38% of drivers have never even compared rates from other companies. Many consumers in Colorado could pocket as much as $610 a year just by shopping around, but most just don't grasp how much savings they would realize if they changed companies.

Due to the increasing number of different company options, it is hard for the average consumer to choose the most cost effective car insurance provider.

It's smart to price shop coverage once or twice a year due to the fact that insurance prices fluctuate regularly. Just because you had the best rates on Kia Optima insurance in Denver a year ago you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because it's time to teach you the easiest way to lower your annual insurance bill.

Finding affordable insurance coverage in Denver can be easy if you know a few tricks. If you are insured now, you should be able to shop for the lowest rates using these techniques. Nevertheless, Colorado drivers do need to learn how companies calculate their prices because it varies considerably.

Low cost Kia Optima insurance prices in Denver

When comparing auto insurance rates, know that quoting more increases the chance that you will find the best rates. Some regional insurers cannot provide online rate quotes, so you also need to get quotes from them as well.

The following companies have been selected to offer comparison quotes in Denver, CO. If several companies are displayed, we recommend you visit as many as you can to get the best price comparison.

Kia Optima Insurance Costs in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $186 $354 $536 $32 $160 $1,268 $106
Optima EX $216 $340 $520 $30 $156 $1,262 $105
Optima SX $172 $312 $408 $24 $122 $1,038 $87
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Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Price estimates do not factor in Denver location which can alter rates significantly.

Drive responsibly or pay higher rates

The information below illustrates how violations and accidents drive up Kia Optima insurance costs for each age group. The premiums assume a single male driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.

Deductible analysis

When shopping for auto insurance, a common question is which deductibles should you choose. The rates shown below approximate the rate differences when you buy lower versus higher physical damage coverage deductibles. The first set of prices uses a $100 deductible for physical damage and the second price chart uses a $500 deductible.

Kia Optima insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $302 $546 $396 $24 $118 $1,411 $118
Optima EX $342 $644 $396 $24 $118 $1,549 $129
Optima SX $342 $644 $396 $24 $118 $1,549 $129
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Kia Optima insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $220 $368 $396 $24 $118 $1,126 $94
Optima EX $250 $434 $396 $24 $118 $1,222 $102
Optima SX $250 $434 $396 $24 $118 $1,222 $102
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Premium costs do not factor in specific garaging location which can decrease or increase coverage prices greatly.

Based on these figures, using a $100 deductible costs roughly $26 more each month or $312 every year than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you usually have at least 15 months between claim filings, you would probably be better off by going with a higher deductible. Below is how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $125
Average monthly premium for $500 deductibles (subtract): - $99
Monthly savings from raising deductible: $26
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

Where to set your deductibles

The illustration below shows how choosing a deductible and can affect Kia Optima annual premium costs for different age groups of insureds. The information is based on a single male driver, full coverage, and no other discounts are factored in.

Insurance in Colorado serves several purposes

Despite the high cost of buying insurance for a Kia Optima in Denver, buying insurance serves several important purposes.

First, almost all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability protection if you don't want to risk a ticket. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if your Kia Optima has a loan, most banks will require you to have full coverage to ensure loan repayment if the vehicle is totalled. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Kia for a lot more money and make you pay the higher price.

Third, insurance protects not only your car but also your assets. It will also reimburse you for medical bills for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, will also pay to defend you in the event you are sued. If your Kia gets damaged, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of insuring your car definitely exceed the cost, specifically if you ever have a liability claim. An average driver in America overpays as much as $865 each year so you should quote your policy with other companies at every renewal to help ensure money is not being wasted.

Informed Consumers Can Cut Insurance Costs

Many things are part of the equation when you quote your car insurance policy. Some are obvious such as traffic violations, but some are less apparent like your vehicle usage or your vehicle rating. Consumers need to have an understanding of some of the factors that go into determining the price you pay for insurance. When you understand what determines premiums, this enables informed choices that may result in much lower annual insurance costs.

The factors shown below are some of the most common factors utilized by car insurance companies to help set your prices.

Lower rates by qualifying for discounts

Insurance is easily one of your largest bills, but there could be available discounts that can dramatically reduce your bill. Certain discounts will be triggered automatically when you purchase, but some discounts are required to be requested specifically prior to getting the savings.Discount insurance

Remember that some credits don't apply to all coverage premiums. Some only reduce specific coverage prices like comprehensive or collision. So despite the fact that it appears it's possible to get free car insurance, it just doesn't work that way.

A few popular companies and some of the discounts are outlined below.

When comparing rates, check with every company to give you their best rates. Some credits might not be offered everywhere.

You may need specialized insurance coverage

When quoting and choosing the right insurance coverage for your vehicles, there isn't really a perfect coverage plan. You are unique and your insurance should unique, too.Safe vehicles cost less to insure These are some specific questions can aid in determining whether you might need an agent's assistance.

If it's difficult to answer those questions, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.

Get rate quotes but still have a local neighborhood Denver car insurance agent

Many people still like to go talk to an agent and that can be a smart move A nice benefit of getting free rate quotes online is you may find the lowest rates but also keep your business local.

After filling out this short form, your insurance data is transmitted to agents in your area who can give free rate quotes for your insurance coverage. There is no reason to even leave your home since rate quotes are delivered to your email. You can get cheaper car insurance rates and an insurance agent to talk to. If for some reason you want to get a comparison quote from a particular provider, you just need to visit that company's website and fill out the quote form the provide.

Picking the best company shouldn't rely on just a cheap price quote. The questions below may impact your decision as well.

The type of auto insurance agent you choose is important

When searching for an insurance agent, it can be helpful to understand the different types of agencies that differ in how they can insure your vehicles. Car insurance agencies are categorized either independent or exclusive.

Exclusive Car Insurance Agencies

Agents in the exclusive channel can only place business with one company such as Allstate, AAA, Farmers Insurance, and State Farm. They generally cannot provide prices from multiple companies so they have to upsell other benefits. Exclusive insurance agents are usually well trained on their products and sales techniques which can be an advantage.

Shown below are Denver exclusive insurance agencies that are able to give price quote information.

I-25 - Denver, CO 80231 - (303) 752-2900 - View Map

4840 Chambers Rd b - Denver, CO 80239 - (303) 595-9000 - View Map

797 S Pearl St - Denver, CO 80209 - (303) 722-0191 - View Map

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Independent Agents

Independent insurance agents can quote rates with many companies and that allows them to write policies with multiple insurance companies and help determine which has the cheapest rates. If prices rise, they can switch companies in-house without you having to go to a different agency. When comparing car insurance rates, we recommend you include a couple of independent agencies in order to compare the most rates.

Below are independent insurance agents in Denver willing to provide rate quotes.

2696 CO-2 - Denver, CO 80222 - (303) 377-1172 - View Map

7900 E Union Ave #200 - Denver, CO 80237 - (303) 752-5806 - View Map

600 S Cherry St #900 - Denver, CO 80246 - (800) 636-6185 - View Map

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After getting positive feedback to all your questions and a low price estimate, chances are good that you have found an insurance agency that will provide car insurance coverage.

In Summary

Throughout this article, we presented a lot of tips how to get a better price on Kia Optima insurance in Denver. It's most important to understand that the more quotes you get, the better your chances of lowering your car insurance rates. Drivers may even discover the lowest rates are with an unexpected company. These companies may only write in your state and offer lower car insurance rates compared to the large companies like Allstate or State Farm.

As you quote Denver car insurance, don't be tempted to sacrifice coverage to reduce premiums. In many cases, an insured dropped full coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to purchase plenty of coverage at an affordable rate and still be able to protect your assets.

The cheapest Kia Optima insurance in Denver is available online and with local Denver insurance agents, and you should be comparing both to have the best selection. Some auto insurance companies may not provide online price quotes and most of the time these smaller providers prefer to sell through local independent agents.

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