Car Insurance Quotes for a Kia Optima in Newark

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It goes without saying that insurance companies don't want you to look at other companies. Drivers who compare rates at least once a year are highly likely to switch car insurance companies because of the high probability of finding good coverage at a lower price. A recent car insurance study discovered that people who compared rates regularly saved approximately $865 annually compared to those who never shopped around.

If saving the most money on insurance is your objective, knowing the best way to quote and compare auto insurance can make it easier for you to save money.

Discount Kia Optima insuranceThe recommended way to get budget Kia Optima insurance is to begin comparing prices regularly from companies who sell insurance in Newark.

  1. Spend a few minutes and learn about individual coverages and the changes you can make to keep rates in check. Many rating criteria that cause rate increases such as accidents, traffic tickets, and an imperfect credit score can be amended by making minor changes to your lifestyle. This article provides instructions to prevent high rates and find available discounts that you may qualify for.
  2. Request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO and State Farm, while independent agents can provide prices from many different companies.
  3. Compare the new quotes to your current policy premium and see if there is a cheaper rate in Newark. If you can save money, make sure coverage does not lapse between policies.

One key aspect of rate comparisons is that you'll want to make sure you compare identical coverage information on every price quote and and to look at as many carriers as you can. Doing this ensures a fair price comparison and the best price selection.

The quickest method we recommend to compare car insurance company rates for Kia Optima insurance in Newark is to realize all the major auto insurance companies actually pay money for the chance to give free rates quotes. The only thing you need to do is spend a couple of minutes providing details including how much you drive, your credit rating estimate, driver details, and coverage limits. Your rating data is then submitted to insurance companies and they respond with quotes instantly.

To find the cheapest Kia Optima insurance rates, click here and complete the form.

The companies shown below can provide comparison quotes in Newark, NJ. To locate cheap auto insurance in Newark, NJ, we suggest you get rates from several of them to get a more complete price comparison.

Insurance statistics and figures

The premium information shown next outlines estimates of rate quotes for Kia Optima models. Being aware of how insurance premiums are determined can assist in making smart choices when comparing insurance rates.

Kia Optima Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $198 $386 $570 $34 $170 $1,358 $113
Optima EX $222 $454 $570 $34 $170 $1,450 $121
Optima SX $222 $454 $570 $34 $170 $1,450 $121
Get Your Own Custom Quote Go

Data variables include married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Prices do not factor in zip code location which can change premium rates greatly.

Should you raise deductibles?

When comparing insurance rates, the most common question is at what level do you set your deductibles. The figures shown below summarize the rate difference between high and low insurance deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second price table uses a $500 deductible.

Kia Optima insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $372 $626 $544 $32 $162 $1,761 $147
Optima EX $420 $738 $544 $32 $162 $1,921 $160
Optima SX $420 $738 $544 $32 $162 $1,921 $160
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Kia Optima insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $302 $504 $544 $32 $162 $1,544 $129
Optima EX $340 $594 $544 $32 $162 $1,672 $139
Optima SX $340 $594 $544 $32 $162 $1,672 $139
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Rate quotes do not factor in zip code location which can increase or decrease coverage prices greatly.

Based on this data, using a $250 deductible would cost the average driver about $20 more each month or $240 each year than selecting the higher $500 deductible. Since the policyholder would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at least 13 months between claim filings, you would probably save some money by going with a higher deductible. The table below illustrates an example of how you can come to your own conclusion.

Average monthly premium for $250 deductibles: $156
Average monthly premium for $500 deductibles (subtract): - $136
Monthly savings from raising deductible: $20
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One big caveat is that raising deductibles to save money means you will have to cover more of the damage yourself when you have a comprehensive or collision claim. You will want to have some extra savings in the event you have to pay the deductible.

The information below illustrates how choosing a deductible and can change Kia Optima yearly insurance costs for each age group. The premiums are based on a married male driver, full coverage, and no discounts are taken into consideration.

Rate comparison of men versus women in Newark

The example below illustrates the comparison of Kia Optima insurance costs for male and female drivers. The data is based on no tickets, no at-fault accidents, comp and collision included, $250 deductibles, marital status is single, and no policy discounts are applied.

Insurance does more than just protect your car

Despite the high cost of buying insurance for a Kia Optima in Newark, insurance may not be optional for several reasons.

First, almost all states have minimum mandated liability insurance limits which means the state requires specific limits of liability insurance in order to get the vehicle licensed. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if your Optima has a lienholder, almost all lenders will stipulate that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the lender may have to buy a policy to insure your Kia at a much higher rate and require you to fork over for the much more expensive policy.

Third, insurance safeguards not only your Kia Optima but also your financial assets. It will also provide coverage for medical bills that are the result of an accident. Liability insurance, one of your policy coverages, will also pay attorney fees in the event you are sued. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of buying enough insurance greatly outweigh the cost, particularly if you ever have a claim. As of last year, the average driver in New Jersey overpays as much as $750 every year so you should quote your policy with other companies once a year at a minimum to ensure rates are competitive.

How Insurance Companies Determine Kia Optima Insurance Rates

Many factors are used in the calculation when premium rates are determined. Some of the criteria are obvious like a motor vehicle report, although some other factors are more transparent such as your marital status or your financial responsibility.

  • No insurance claims equals lower car insurance rates - If you tend to file frequent claims, you can expect higher premiums or even policy non-renewal. Auto insurance companies in New Jersey give better rates to policyholders that do not abuse their auto insurance. Your insurance policy is intended to be relied upon for major claims that would cause financial hardship.
  • Costs go up with performance - The performance level of the car you are buying insurance for makes a huge difference in determining your rates. The cheapest rates are usually for lower cost passenger models, but the final cost of insurance is determined by many other factors.

    The next chart uses these variables: single male driver age 30, full coverage with $1000 deductibles, and no discounts or violations. The data compares Kia Optima policy rates compared to other models that have a range of risk factors.

  • How much liability insurance do you need? - Liability coverage is the coverage that protects you if ever a court rules you are at fault for physical damage or personal injury to other. Liability insurance provides you with a defense in court to defend your case. This coverage is very inexpensive compared to insuring for physical damage coverage, so do not skimp.
  • Lower rates come with age - Youthful drivers in New Jersey have a tendency to get distracted easily when driving with friends therefore car insurance rates are much higher. Adding a teenage driver onto your car insurance can increase premiums substantially. More mature drivers are viewed as being more responsible, cause fewer claims and accidents, and are safer drivers.

    The next chart uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.

  • Insurance loss data for Kia Optima vehicles - Insurers take into consideration insurance loss statistics for every vehicle to help calculate a profitable premium price. Models that the data shows to have a trend towards higher claims will cost more for coverage. The table below shows the insurance loss data for Kia Optima vehicles.

    For each policy coverage, the loss probability for all vehicles, as a total average, is a value of 100. Numbers that are below 100 imply a favorable loss record, while values that are above 100 point to more losses or tendency to have higher losses.

    Kia Optima Insurance Loss Statistics
    Specific Kia Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Kia Optima 115 101 107 133 142 120
    Kia Optima Hybrid 143 115 116 139 158 151
    BETTER
    AVERAGE
    WORSE

    Statistics from IIHS.org for 2013-2015 Model Years

Cheaper Newark auto insurance quotes with discounts

Auto insurance is not cheap nor is it fun to buy but there are discounts available that you may not know about. Some discounts will apply at quote time, but some may not be applied and must be manually applied before they will apply. If you're not getting every credit available, you could be paying more than you need to.Cheaper auto insurance with discounts

  • Resident Student - Any of your kids who live away from home to go to college and do not have a car may qualify for this discount.
  • Active Service Discounts - Having an actively deployed family member could be rewarded with lower auto insurance rates.
  • Data Collection Discounts - Newark drivers who agree to allow driving data submission to analyze vehicle usage by using a telematic data system such as Progressive's Snapshot and State Farm's In-Drive may see discounts as long as they are good drivers.
  • Federal Employees - Being employed by or retired from a federal job may reduce rates when you quote Newark auto insurance but check with your company.
  • Safety Restraint Discount - Drivers who require all occupants to buckle up could save 15% off PIP or medical payments premium.
  • Buy New and Save - Insuring a vehicle that is new can save you some money since new model year vehicles have better safety ratings.

As a footnote on discounts, most discounts do not apply to all coverage premiums. A few only apply to specific coverage prices like comp or med pay. Just because it seems like you can get free auto insurance, company stockholders wouldn't be very happy.

The example below illustrates the difference between Kia Optima insurance prices with and without discounts applied to the policy rates. The information is based on a male driver, no violations or accidents, New Jersey state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-car, safe-driver, marriage, and multi-policy discounts applied.

Some of the larger companies who might offer most of the discounts above include:

When comparing rates, check with all companies you are considering which discounts you may be entitled to. A few discounts might not apply in Newark.

Getting quotes from local Newark insurance agents

Many drivers still prefer to sit down and talk to an agent and that is not a bad decision A nice benefit of getting online price quotes is you may find lower rates and still have a local agent.

Find insurance agent in NewarkFor easy comparison, once you complete this short form, the quote information is instantly submitted to insurance agents in Newark that can give you free Newark auto insurance quotes for your coverage. You won't even need to find an agent because prices are sent straight to your inbox. You can find lower rates without requiring a lot of work. In the event you want to compare rates from a specific company, you can always visit that company's website and give them your coverage information.

Deciding on an insurance company requires you to look at more than just a cheap price. Any agent in Newark should be willing to answer these questions.

  • Are they paid to recommend certain coverages?
  • Do you need full coverage on every vehicle?
  • Does the agent help file claims?
  • How long has the business existed?
  • Do they have a Better Business Bureau rating in Newark?
  • Can glass claims be handled at your home?

Shown below is a list of insurers in Newark that are able to give comparison quotes for Kia Optima insurance in Newark.


274 Chestnut St - Newark, NJ 07105 - (973) 274-0500 - View Map

Acosta Agency
568 Broadway # B - Newark, NJ 07104 - (973) 482-5898 - View Map


681 1/2 Mt Prospect Ave - Newark, NJ 07104 - (973) 484-5772 - View Map

George H Nixon Agency
54 Grumman Ave - Newark, NJ 07112 - (973) 923-3721 - View Map

View more agents

Don't give up on affordable coverage

When buying insurance coverage, do not skimp on critical coverages to save a buck or two. Too many times, someone sacrificed comprehensive coverage or liability limits to discover at claim time that the few dollars in savings costed them thousands. Your strategy should be to buy a smart amount of coverage at the best possible price, but do not sacrifice coverage to save money.

We just presented quite a bit of information on how to compare Kia Optima insurance prices in Newark. The most important thing to understand is the more you quote Newark auto insurance, the better your comparison will be. You may even be surprised to find that the best price on car insurance is with a lesser-known regional company. They may only write in your state and offer lower rates than the large multi-state companies such as Allstate and Progressive.

A few companies may not have rate quotes online and most of the time these smaller providers only sell coverage through independent agents. Budget-friendly car insurance in Newark can be bought from both online companies and with local Newark insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates.

Additional information can be found at these links: