How Much Does Insurance Cost for a Kia Optima in Alaska?

Anytime the topic is car insurance, the words “cheap” or “affordable” should never be used anywhere in the article as a descriptor for auto insurance rates. It’s a simple fact that cheap car insurance for a Kia Optima does not exist. But don’t despair, because we are going to show you some ways you can find car insurance that fits into your budget.

The chances that you’ll find cheap insurance for a Kia Optima in Alaska hinges on a pretty complex algorithm that uses a lot of factors like how long your commute is, your occupation, and driving citations. Drivers on average pay approximately $610 per year for Optima insurance, but that price is an estimate calculated using a 50-year-old married male driver who requires full comprehensive and collision coverage and $500 deductibles.

But there is a high likelihood that you are not 50 years old and maybe not even male, single instead of married, and maybe your credit level is not the same as what was rated. Just a slight change in policy rating factors can generate big changes in the cost of insurance for a Kia Optima.

Everyone has different rating factors, so the best way to quote the cheapest coverage for your Kia is to shop your policy around at every renewal.

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Vehicle trim level can impact the annual cost of coverage, so the cost to insure a Optima LX trim level will cost $60 less than the insurance cost for the higher-end Optima SX trim level, as shown in the chart below.

Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Premium amounts do not factor in specific location which can impact prices substantially.

Establishing which company quotes the cheapest car insurance rates for a Kia Optima takes a bit more work in order to find the lowest price. Every insurance provider has their own unique process for filing rates in each state, so we’ll take a look at the overall cheapest car insurance companies in Alaska.

It’s important that readers know that Alaska car insurance rates are impacted by many things which can substantially change the cost of a policy. Improving your credit score, having a teenage driver, or getting a reckless driving citation may prompt premium changes resulting in some rates now being more affordable than others.

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Umialik quotes some of the most affordable car insurance rates in Alaska at around $865 annually. USAA, State Farm, Progressive, and GEICO would also be considered some of the cheaper Alaska insurance companies.

In the rate table above, if you are a policyholder with USAA and switched to Umialik, you might realize annual savings of approxmiately $92. Alaska drivers with State Farm may save as much as $140 a year, and Progressive insureds might cut rates by $358 a year.

To find out how your current rates compare, click here to start your free quote or feel free to get quotes from the companies below.

Be aware that those premium estimates are averaged across all types of insureds and vehicles and are not factoring in a specific rate value for a Kia Optima. So the car insurance company that can offer you the lowest price may not even be featured in the list of companies above. That emphasizes why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.

The information below shows how choosing a deductible can increase or decrease insurance costs when quoting cheap insurance for a Kia Optima. Data assumes a married female driver, full physical damage coverage, and no additional discounts are factored in.

A 30-year-old driver could lower their policy premium by $258 a year by changing from a $100 deductible up to a $500 deductible, or save $388 by using a $1,000 deductible. Even younger drivers, like the 20-year-old category, could potentially save as much as $552 each year just by choosing higher deductibles when buying full coverage.

When choosing a higher deductible, it is important to have plenty of money set aside to enable you to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

How to find cheaper auto insurance for a Kia Optima

Lowering your rates is not difficult, and here are a few thrifty ideas that can help Alaska drivers buy the cheapest auto insurance.

• Pay cheaper rates with good credit scores
• Safe vehicles generally have lower rates
• Try to not file small claims
• Buying home and auto insurance together can earn discounts
• Increase your physical damage deductibles
• Do not insure for full coverage
• Compare rates once a year for cheaper prices

The last tip in the list is certainly vital, as we emphasized in this article. Prices charged by companies adjust often, so don’t be hesitant to switch to a new company if a more affordable rate is found.

Many drivers have brand loyalty and that’s fine, but we do not recommend it if that stubbornness costs you hundreds of dollars a year. In less than five minutes you could compare rates to find cheaper car insurance for a Kia Optima.

Who has the cheapest Kia Optima insurance quotes?

Drivers have a lot of ways to find cheap car insurance in Alaska, but the most common are through a non-exclusive or independent agent, an exclusive agency like Allstate or Auto-Owners, or from a direct company like Progressive or Geico.

They all have the same end result, but car insurance buyers need to understand the differences in how they give price quotes.

Independent insurance agents write business for many companies and can compare coverage rates with all of them. These types of agents are not employed by one specific company and can provide multiple price quotes, which can help you get a better chance of saving money. If premiums increase, your agent can switch companies which prevents you from having to find a new agency.

A captive, or exclusive, agent is able to place business with one insurance company such as a State Farm or Allstate agent. Exclusive agents cannot give you multiple price quotes, so it’s a good idea to get additional price quotes.

The final way is buying direct, which means you skip local insurance agents and instead buy direct from companies such as Esurance or Progressive. This car insurance option is a good choice for people who do not have a need for a risk management assessment and have knowledge of what coverage limits and deductibles they need.

So out of those three methods, which one works best to find cheap insurance for a Kia Optima in Alaska? It would be easy to say shopping direct saves the most money because you bypass the middleman, but that generally is not the case. We’d also like to say an independent agent results in the cheapest rates since there are more companies to choose from, but that’s not always true, either. In the right set of circumstances, exclusive agents have extremely competitive rates that are the cheapest in Alaska.

Since car insurance prices are based on many different factors, really the only way to get the lowest rate is to get quotes and compare the rates. Set aside the time to get rate quotes from all three in order to find the best price. For a list of companies with cheap rates in Alaska, click here to view.