Buying economical coverage for a Kia Optima in Arizona is dependent upon a lot of rating factors such as how old the Optima is, whether you are claim-free, and if you have a history of accidents. Drivers will pay on average $665 per year to insure their Optima, but that cost is based on a 40-year-old married female driver with full physical damage coverage and $1,000 deductibles.
But there is a high likelihood that you’re not a 40-year-old female, possibly single instead of married, or you just prefer to insure for liability only. Just a very minor change in rating variables or coverage information can result in a massive change in the cost of insurance.
This shows why the way we recommend to find the cheapest coverage for your Kia is to compare as many rates as you can. Quotes only take a few minutes and you will receive rate quotes from some of the best insurers that insure vehicles in Arizona.
Find Cheaper Kia Optima Insurance
Vehicle trim level tends to have a direct impact on the coverage cost, so the price you will pay to insure a Optima LX will cost $58 less than the cost to insure the higher-end Optima SX model, as shown in the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Optima LX | $124 | $240 | $356 | $22 | $106 | $848 | $71 |
| Optima EX | $138 | $284 | $356 | $22 | $106 | $906 | $76 |
| Optima SX | $138 | $284 | $356 | $22 | $106 | $906 | $76 |
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Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rate information does not factor in your specific Scottsdale location which can influence coverage rates considerably.
Trying to find cost effective insurance is hard enough, and finding out which companies quote the lowest-priced insurance rates for a Kia Optima involves even more work.
Each company uses a different method to set policy rates, so we’ll go over the most affordable insurance companies in Arizona.
Cheapest Insurance Rates for Your Optima
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $820 |
| 2 | Safeco | $923 |
| 3 | Auto-Owners | $924 |
| 4 | Travelers | $1,119 |
| 5 | USAA | $1,124 |
| 6 | GEICO | $1,131 |
| 7 | Progressive | $1,164 |
| 8 | CSAA | $1,189 |
| 9 | Allied | $1,197 |
| 10 | Ameriprise Group | $1,208 |
| 11 | Farm Bureau Mutual | $1,285 |
| 12 | Safe Auto | $1,323 |
| 13 | Unitrin | $1,343 |
| 14 | State Farm | $1,364 |
| 15 | Farmers | $1,378 |
| 16 | Titan | $1,461 |
| 17 | American Family | $1,478 |
| 18 | Amica | $1,487 |
| 19 | California Casualty | $1,522 |
| 20 | MetLife | $1,551 |
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The Hartford may offer some of the lowest car insurance rates in Scottsdale at around $820 each year. This is $608 less than the average policy premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, Travelers, and USAA also are some of the lowest-priced Scottsdale, AZ auto insurance companies.
In the above rates, if you are a policyholder with Safeco and switched to The Hartford, you may realize an annual premium reduction of in the neighborhood of $103. Insureds with Auto-Owners could save as much as $104 a year, and Travelers insureds might lower prices by $299 a year.
To see if you’re overpaying, click here or click several companies below for low rates.
Bear in mind that those policy rates are averaged across all types of drivers and the different vehicles they drive and are not factoring in a specific vehicle garaging location for a Kia Optima. So the insurer that is best suited for you may not even be in the top 28 companies shown above. That affirms the importance of why you need to get rate quotes using your own specific driver information and vehicle.
Difference between full coverage and liability only rates
Paying a lower price for insurance is probably important to the majority of drivers, and one good way to buy cheap insurance for a Kia Optima is to not pay for full coverage. The example below illustrates the comparison of premium costs with full physical damage coverage compared to only buying liability only. The premiums are based on no accidents, no driving violations, $100 deductibles, single marital status, and no discounts are applied to the premium.
If we average all the age groups together, physical damage coverage costs an additional $2,345 per year more than insuring for liability only. That brings up the question if full coverage is worth the money. There is no definitive guideline for excluding full coverage on your policy, but there is a general convention. If the yearly cost of full coverage is 10% or more of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your vehicle’s replacement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $6,000 after paying the physical damage deductible. If you are currently paying more than $600 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.
The example below highlights how deductible choice can change insurance premiums when searching for cheap insurance for a Kia Optima. The rate quotes are based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.
In the chart above, a 50-year-old driver could reduce rates by $296 a year by switching from a $100 deductible to a $500 deductible, or save $446 by choosing a $1,000 deductible. Even younger insureds, like the 20-year-old category, could reduce their rates as much as $972 each year just by using higher deductibles.
When increasing deductibles, it is necessary to have enough spare savings to be able to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Illustration showing the impact of accidents and violations
One of the best ways to snag the best insurance prices in Arizona for an Optima is to drive safe and not have accidents or get tickets. The illustration below highlights how speeding tickets and fender-benders influence car insurance rates for each different age category. Data assumes a married male driver, full physical damage coverage, $250 deductibles, and no discounts are factored in.
The data above shows the average cost of car insurance in Scottsdale per year with no accidents and a clean driving record is $1,828. Get one speeding ticket and the average cost jumps to $2,100, an increase of $271 each year. Then include two accidents along with the one speeding ticket and the 12-month cost of insurance for a Kia Optima increases to an average of $4,434. That’s an increase of $2,606, or $217 per month, just for being a little careless behind the wheel!