Save on 2001 Kia Spectra Insurance Rates

Scraping up a payment for expensive Kia Spectra insurance can dwindle your checking account, especially in this economy. Doing a rate analysis is recommended to make sure you’re not throwing money away.

People have multiple insurance companies to choose from, and although it’s a good thing to have a selection, more choices can make it harder to find the best rates.

It’s a great practice to price shop coverage periodically due to the fact that insurance prices are adjusted regularly by insurance companies. Just because you had the best quotes for Spectra insurance a year ago you can probably find a better rate now. You can find a lot of wrong information about insurance coverage on the web, but you can learn some excellent ideas to reduce your insurance coverage bill.

Shopping for the best protection is not that difficult. If you have a current insurance policy or are shopping for new coverage, you will benefit by learning to cut your premiums and still get good coverage. Drivers just need to understand the most effective way to buy insurance over the internet.

How to compare free car insurance quotes

Comparing car insurance rates can be challenging if you don’t know the most efficient way to do it. You can waste a few hours (or days) discussing policy coverages with local insurance agents in your area, or you can utilize online quoting to get rate comparisons in just a few minutes.

Many of the larger companies enroll in a system where prospective buyers enter their policy data once, and at least one company provides a quote determined by their information. This system prevents you from having to do quote requests for each company.

To participate in this free quote system, click here (opens in new window).

The single downside to comparing rates this way is you don’t know exactly the companies to get quotes from. So if you want to select from a list of companies to request quotes from, we put together a list of low cost car insurance companies in your area. View list of insurance companies.

Whichever way you use, make sure you are using identical coverages and limits for each price quote. If each company quotes different liability limits it’s impossible to make an equal comparison.

Are you qualifying for every discount?

Some insurance providers do not list every policy discount in a way that’s easy to find, so we break down both well-publicized and the harder-to-find ways to save on car insurance.

  • Theft Deterent – Anti-theft and alarm system equipped vehicles can help prevent theft so companies will give you a small discount.
  • Good Students Pay Less – This discount can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
  • Payment Discounts – If paying your policy premium upfront rather than spreading payments over time you may reduce your total bill.
  • Seat Belt Discounts – Drivers who require all vehicle occupants to buckle up could save 15% on the medical payments or PIP coverage costs.
  • Memberships – Participating in a civic or occupational organization is a simple method to lower premiums when getting a insurance coverage quote.
  • Discount for Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems could see savings up to 30%.
  • Student in College – who are enrolled in higher education away from home and do not take a car to college can receive lower rates.
  • E-sign – Certain larger companies will give you a small discount simply for signing on their website.
  • First Accident Forgiveness – but companies like State Farm and Allstate will allow you to have one accident without raising rates with the catch being you have to be claim-free for a certain period of time.
  • No Claims – Claim-free drivers pay much less when compared with bad drivers.

As is typical with insurance, most discounts do not apply to the entire policy premium. Most only cut the price of certain insurance coverages like liability and collision coverage. Just because it seems like it’s possible to get free car insurance, it doesn’t quite work that way.

Some companies that may offer quotes with some of the above discounts are:

It’s a good idea to ask each company or agent how many discounts you can get. Some credits may not be offered in your area. For a list of insurers who offer cheap car insurance quotes, click here.

Kia Spectra insurance rates can be lower

Smart consumers have a good feel for a few of the rating criteria that help calculate the price you pay for auto insurance. If you know what determines base rates, this enables you to make decisions that may reward you with better auto insurance rates.

The itemized list below are some of the items utilized by car insurance companies to help set rates.

  • Where you call home is a factor – Residing in a rural area can save you money when it comes to auto insurance. People who live in big cities have more road rage incidents and much longer commute distances. Fewer drivers means a lower chance of having an accident and also fewer theft and vandalism claims.
  • Extra policy coverages you don’t use – There are a lot of additional extra coverages that can add up if you aren’t diligent. Things like replacement cost coverage, accident forgiveness, and Farm Bureau memberships are some examples. They may seem good initially, but if they’re wasting money remove them and pocket the money.
  • Allowing your coverage to lapse raises prices – Not having insurance is a big no-no and companies may charge more for letting your coverage lapse. Not only will you pay more, getting caught without coverage could earn you fines and jail time.
  • Lower rates for married couples – Walking down the aisle helps lower the price on auto insurance. Marriage translates into being less irresponsible and statistics prove drivers who are married are more cautious.
  • Guys tend to take more risk – Over the last 50 years, statistics have shown women tend to be less risk to insure than men. The data does not necessarily mean that women are BETTER drivers than men. Females and males cause fender benders in similar numbers, but males have costlier accidents. They also receive more costly citations such as DWI and reckless driving. Teenage male drivers cause the most accidents so they pay the highest premiums.
  • Drive less and save – The more you drive each year the more you’ll pay to insure it. Most companies charge to insure your cars determined by how the vehicle is used. Cars and trucks that sit idle most of the time can be on a lower rate level than vehicles that have high annual mileage. An improperly rated Spectra may be costing you higher rates. Ask your agent if your auto insurance policy states the proper vehicle usage, because it can save money.
  • Safer vehicles save money – Safe vehicles tend to be cheaper to insure. Vehicles built for safety reduce injuries and better occupant protection translates into fewer and smaller insurance claims which can mean better rates for you.

When in doubt talk to an agent

When choosing the best insurance coverage, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs so this has to be addressed. Here are some questions about coverages that can aid in determining if your situation might need an agent’s assistance.

  • Does my liability insurance cover pulling a trailer or camper?
  • Is my nanny covered when driving my vehicle?
  • Does my policy cover my teen driver if they drive my company car?
  • What vehicles should carry emergency assistance coverage?
  • What can I do if my company won’t pay a claim?
  • What is the minimum liability in my state?
  • Does insurance cover tools stolen from my truck?

If you can’t answer these questions, you might consider talking to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies. It is quick, free and can help protect your family.

The ad said I’d save $421 a year!

Drivers can’t get away from ads that claim the cheapest auto insurance rates from companies such as Allstate and Progressive. They all seem to convey the message about savings just by switching your policy.

How can each company make almost identical claims? This is how they do it.

Car insurance companies quote their best rates for the type of driver that will not have excessive claims. An example of a profitable insured might have to be a female over age 40, has no prior claims, and drives less than 5,000 miles a year. A propective insured that fits those parameters may get the lowest prices and will save quite a bit of money when switching.

Insureds who fall short of this ideal profile will have to pay higher prices which usually ends up with the driver buying from a lower-cost company. The trick is to say “people that switch” not “everyone that quotes” save that much money. That’s the way companies can truthfully make those statements.

This really emphasizes why you absolutely need to compare quotes as often as possible. Because without a comparison, you cannot know with any certainty which company will provide the lowest prices.

Educate yourself about auto insurance coverages

Learning about specific coverages of auto insurance can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are the usual coverages offered by auto insurance companies.

Comprehensive coverages – This pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as vandalism, rock chips in glass, a tree branch falling on your vehicle, hitting a deer and hitting a bird. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Coverage for medical payments – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like pain medications, funeral costs, dental work, hospital visits and chiropractic care. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverages – This coverage pays for damage to your Spectra resulting from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things like colliding with another moving vehicle, rolling your car, damaging your car on a curb and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.

Liability auto insurance – Liability insurance will cover injuries or damage you cause to other people or property. It protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things such as bail bonds, legal defense fees, attorney fees, court costs and funeral expenses. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured and underinsured coverage – This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Usually these coverages are similar to your liability insurance amounts.

Stretch your dollar

When searching for the cheapest insurance coverage quotes, it’s a bad idea to skimp on coverage in order to save money. In many cases, drivers have reduced liability limits or collision coverage and discovered at claim time that they should have had better coverage. The proper strategy is to buy the best coverage you can find at the best possible price and still be able to protect your assets.

Throughout this article, we presented a lot of information how to get a better price on 2001 Kia Spectra insurance. It’s most important to understand that the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the biggest savings come from the smaller companies. These companies may have significantly lower prices on certain market segments compared to the large companies like State Farm, Geico and Nationwide.

To learn more, feel free to browse the resources below: