Who Has Cheap Newark Car Insurance for a Kia Optima?

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Kia Optima insurance
Kia Optima insurance image courtesy of QuoteInspector.com

Finding competitive insurance for a Kia Optima in New Jersey relies on a whole bunch of factors such as age of the vehicle, your geographic location, and physical damage deductibles. Drivers in New Jersey will pay on average $1,355 per year for Optima insurance, but that is a projection using a 40-year-old married female driver with full coverage and $250 deductibles.

It's more than likely you're not a 40-year-old female, you might be single instead of married, or you just prefer to insure for liability only. Just a very minor change in rating criteria may result in a big change in the cost of insurance for a Kia Optima.

Auto insurance is unique to each driver, so the only way to find the most affordable coverage for your Kia is to do the rate comparisons yourself. Rate quotes are easy and you can get prices from the best auto insurance companies around.

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The trim level of your vehicle tends to have a direct impact on the insurance rate, so the cost to insure a Optima LX model will be $148 less expensive the price to insure the more well-appointed Optima SX version, as shown by the rates below.

Kia Optima Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $320 $614 $570 $34 $170 $1,708 $142
Optima EX $360 $722 $570 $34 $170 $1,856 $155
Optima SX $360 $722 $570 $34 $170 $1,856 $155
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Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Price information does not factor in specific location which can increase or decrease coverage prices significantly.

Finding good, low-cost car insurance is difficult, and figuring out which companies have the lowest-priced auto insurance rates for a Kia Optima may require a bit more work.

Each auto insurer has a different process to set premium rates, so let's begin by taking a look at the auto insurance companies that tend to have lower prices in New Jersey.

Best Insurance Companies for Your Optima

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Cheapest insurance companies in New Jersey
Rank Company Cost Per Year
1 21st Century $1,078
2 Travelers $1,145
3 New Jersey Manufacturers $1,271
4 Penn National $1,366
5 Palisades $1,382
6 California Casualty $1,437
7 The Hartford $1,476
8 Allstate $1,523
9 USAA $1,538
10 Mercury $1,651
11 Amica $1,813
12 Esurance $1,838
13 Progressive $1,919
14 MetLife $1,932
15 GEICO $2,174
16 State Farm $2,182
17 Encompass $2,397
18 Liberty Mutual $3,008
19 Hanover $3,987
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21st Century has some of the most affordable car insurance rates in Newark at around $1,078 a year. Travelers, New Jersey Manufacturers, Penn National, and Palisades also are some of the best Newark, NJ insurance companies.

As depicted above, if you are a policyholder with New Jersey Manufacturers and switched to 21st Century, you might realize an annual premium reduction of approximately $193. Policyholders with Penn National may save as much as $288 a year, and Palisades insureds might lower prices by up to $304 a year.

To get a quick, customized rate comparison, click here to begin a quote or quote prices from the following companies.

These estimates are averages across all types of insureds and vehicles and and are not figured with a specific vehicle garaging location for a Kia Optima. So the auto insurance company that can offer you the lowest price may not even be in the top 19 companies in the list above. That underscores the importance of why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.

The example below demonstrates how deductibles can influence yearly insurance costs when researching cheap insurance for a Kia Optima. The price estimates are based on a single female driver, full coverage, and no additional discounts are factored in.

A 50-year-old driver could lower rates by $532 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $800 by selecting a $1,000 deductible. Even younger drivers, such as the Age 20 example, could shave $1,354 every year just by choosing higher deductibles when buying full coverage. If you do decide to increase your deductibles, it will be necessary to have plenty of savings on hand to be able to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Why you should shop around for Optima insurance

Newark auto insurance rates are impacted by many factors that will increase or decrease the price you have to pay. Getting older, buying a different vehicle, or having an accident can cause premium changes resulting in some companies being cheaper than others. Additionally, companies file new New Jersey auto insurance rates multiple times each year in order to maintain liquidity for claims. A period of increased losses can result in additional price hikes, while lower claim levels may produce cheaper Optima insurance rates.

For example, the bar chart below compares the cheapest car insurance in Newark, NJ for a 35-year-old female driver with no prior accidents, a clean driving record, and excellent credit. If we estimate rates based on her personal risk profile, 21st Century might offer the lowest car insurance rates in Newark at $1,592 annually. This is $260 less than the average rate paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades are the remaining cheapest Newark, NJ auto insurance companies.

The example below compares rates after we give the driver from the first rate comparison a claim, poor credit, and a few traffic violations. Due to the fact that each insurance company uses their own method for setting prices, analyzing rate quotes could result in a different list of the cheapest Newark car insurance companies as shown below.

California Casualty now has the cheapest auto insurance in Newark with The Hartford, USAA, Mercury, and Travelers also having competitive pricing. This example shows why it is so important to perform an extensive rate comparison to get affordable auto insurance rates for a Kia Optima. Rates are determined by many things and change substantially, so the best price the last time you shopped around may now be priced much higher than other options.

The insurance agents in Newark listed below can probably answer your questions and help you decide which policy fits your needs best, as lots of drivers aren't clear which coverage they need and would like to have a consultation when trying to find lower insurance rates for a Kia Optima. It can be challenging to find the cheapest rate yourself, and using a licensed agent can add comfort knowing you have sufficient coverage for your assets.

To locate an agency by location nearest to you, click the link after the list.

Preferred Choice Insurance Agency
225 Newark Ave - Jersey City, NJ 07302 - (201) 616-7644

Massey Insurance
46 Lyons Ave - Newark, NJ 07112 - (973) 926-6300

Abbott/Milano Insurance Agency
9 Frank E Rodgers Blvd S - Harrison, NJ 07029 - (973) 350-9999

N J Insurance Underwriting
744 Broad St # 1100 - Newark, NJ 07102 - (973) 622-3838

Express Insurance
775 Newark Ave - Jersey City, NJ 07306 - (201) 217-1780

Find a Newark, NJ insurance agent near you