Buying the cheapest insurance for a Kia Optima relies on a lot of things such as age of the driver, your claims history, and your choice of deductibles. Drivers will pay around $1,160 a year to insure their Optima, but that is an approximation calculated using a 30-year-old married female driver with full coverage and $250 deductibles.
When projecting a rate like this, the problem is that you are not 30 years old and maybe not even female, you might be single instead of married, or maybe you want more liability coverage than is required by law in Maryland. The different assumptions illustrate why the best way to find affordable rates for your Kia is to do your own rate comparisons.
The specific trim level impacts price, so the price to insure a Optima LX trim level will be $132 cheaper than the price to insure the high end Optima SX model, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Optima LX | $304 | $518 | $468 | $28 | $140 | $1,458 | $122 |
| Optima EX | $344 | $610 | $468 | $28 | $140 | $1,590 | $133 |
| Optima SX | $344 | $610 | $468 | $28 | $140 | $1,590 | $133 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Rate quotes do not factor in zip code location which can influence price quotes considerably.
What is the best car insurance company in Maryland?
Selecting the top auto insurance company can be a challenge considering how many companies there are to choose from in Baltimore. The ranking data shown below could help you pick which providers you want to consider comparing rates with.
These ratings only include companies with a nationwide focus, so smaller regional companies will not be included in the list. To compare price quotes from these top-rated insurers and more, click this link.
Top 10 Large Auto Insurance Companies Overall in Baltimore
- Travelers
- USAA
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
The diagram below shows how choosing a deductible can raise or lower insurance premiums when quoting cheap insurance for a Kia Optima. The prices are based on a married female driver, full coverage, and no policy discounts are applied.
A 30-year-old driver could save $450 a year by increasing from a $100 deductible up to a $500 deductible, or save $678 by using a $1,000 deductible. Even younger drivers, like the Age 20 category, could save as much as $958 each year just by choosing higher deductibles when buying full coverage. If you do raise deductibles, it is essential to have additional savings on hand to enable you to pay the extra out-of-pocket expense associated with higher deductibles.
Drive safe and save
In a perfect world, the best way to get affordable car insurance premiums in Baltimore for an Optima is to be a cautious driver and avoid tickets and accidents. The diagram below illustrates how traffic citations and accidents can drive up insurance rates for each age group. The prices are based on a single male driver, comp and collision included, $1,000 deductibles, and no discounts are applied.
The data above shows the average cost of a car insurance policy per year with no accidents or violations is $2,300. Get written up for two speeding tickets and the average cost increases to $3,032, an increase of $731 each year. Now add in two accidents along with the two speeding tickets and the 12-month cost of car insurance for a Kia Optima goes up to an average of $6,071. That’s an increase of $3,771, or $314 per month, just for a couple of infractions!
Compare quotes and save
Baltimore, MD car insurance rates are impacted by many factors that control the price you have to pay. Simply having a birthday, becoming a homeowner, or getting a driving violation can trigger changes in premium that can make some companies cheaper than others. In addition to those changes, insurers change their prices every year to help ensure profitability. Significantly higher losses may result in rate hikes, while a profitable period may result in lower-priced Optima insurance rates.
The graph below compares the cheapest car insurance in Baltimore, MD for a 35-year-old male driver with no accidents or violations, and a high credit rating. When quoting prices based on his current risk profile, USAA quotes the cheapest car insurance rates in Baltimore at $1,686 annually. This is $127 more than the average premium paid by Maryland drivers of $1,559. Liberty Mutual, Penn National, Erie, and State Auto are also on the list of the most affordable Baltimore, MD auto insurance companies.
In this example, we will give the driver from the first example an accident surcharge, bad credit, and a few blemishes on his driving record. Due to the fact that every auto insurer has their own unique process to determining premium rates, comparing prices most likely will result in a substantially altered list of cheap Baltimore auto insurance companies as shown below.
MetLife now has the best price on car insurance in Baltimore with Nationwide, Travelers, GEICO, and California Casualty completing the list. This example proves why it is so important to shop around with many companies to find the most budget-friendly car insurance quotes for a Kia Optima.
Prices are determined by many factors and change substantially, so the best option six months ago may now not even be in the top five.
Ideas for finding economical car insurance for a Kia Optima
Lowering your rates is not difficult, and here are some of the better money-saving suggestions that can help drivers find cheaper coverage.
- Ensure your driving record is clean
- Accident-free drivers may qualify for discounts
- If possible, pay for small claims out-of-pocket
- Vehicles with safetly features generally cost less to insure
- Increase your credit rating
- Look for cheaper rates once a year by shopping around
The last tip in the list is extraordinarily important, as we discussed in this piece. Auto insurance prices in Baltimore adjust frequently, so don’t be afraid to switch carriers if you can save money.
Many drivers have brand loyalty and that’s fine, but it’s not a great idea if that loyalty ends up costing a wad of cash every year. It takes less than five minutes to compare rates and find cheaper insurance for a Kia Optima.
The agents shown below are willing to help you determine which coverage fits your budget, since many people would rather get some guidance when shopping for cheaper insurance for a Kia Optima. It can be complicated to find the best coverage on your own, so agents can give you satisfaction knowing you have adequate protection in the event of a claim.
To find an auto insurance agency close to where you live, click the link at the bottom or click here to compare price quotes now.
- Allstate Insurance: John Fisher
7839 Eastpoint Mall Ste 4 – Baltimore, MD 21224 – (410) 285-8200 - Eve Hamper – State Farm Insurance Agent
1118 Light St A – Baltimore, MD 21230 – (410) 528-8900 - Senate Select Insurance
5417 Reisterstown Rd – Baltimore, MD 21215 – (410) 358-0411 - John Stein – State Farm Insurance Agent
6630 Baltimore National Pike #100b – Baltimore, MD 21228 – (410) 744-7733 - Allstate Insurance: Donald White
733 W 40th St #311 – Baltimore, MD 21211 – (410) 467-9600