Finding the cheapest coverage for a Kia Optima in Michigan is pretty simple, but it hinges on an enormous amount of factors such as how safe your vehicle is, if you have prior claims, and if you have tickets or violations. Drivers pay approximately $2,052 a year for Optima insurance, but that cost is an estimation based on a 30-year-old single male driver with full physical damage coverage and $500 deductibles.
There’s a good chance you aren’t exactly 30 years old or even a male, maybe you are married instead of single, and you don’t want the same coverages and limits as the example. Having even a minor difference in the rating criteria used to formulate rates can make a big difference in the cost of insuring your Optima.
Not every driver requires the same auto insurance coverages, so the way we recommend to find cheap insurance rates for your Kia is to compare as many rates as you can. Quotes are free and easy and you will receive rate quotes from top-rated car insurance companies that sell coverage in Michigan.
Compare Kia Optima Insurance Rates
The trim level of your Optima impacts the yearly cost, so the rate you will pay to insure a Optima LX will be $192 less than the price to insure the higher-end Optima SX trim level, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Optima LX | $494 | $726 | $1022 | $60 | $306 | $2,608 | $217 |
| Optima EX | $558 | $854 | $1022 | $60 | $306 | $2,800 | $233 |
| Optima SX | $558 | $854 | $1022 | $60 | $306 | $2,800 | $233 |
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Prices do not factor in specific garaging location which can lower or raise coverage rates greatly.
Selecting a highly-rated insurance provider can be challenging considering how many choices drivers have in Michigan. The company information in the next section may help you analyze which auto insurers to look at when comparing rates. The rankings below are for companies with a nationwide focus, so companies with more of a regional focus are not factored into these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| The Hartford | 88 | 96 | 91 | 93% | A+ | 92.6 |
| Progressive | 84 | 94 | 99 | 90% | A+ | 92.4 |
| State Farm | 84 | 93 | 95 | 87% | A++ | 91 |
| Farmers Insurance | 87 | 92 | 90 | 85% | A | 90.6 |
| Safeco Insurance | 85 | 91 | 87 | 86% | A | 88.4 |
| USAA | 71 | 93 | 98 | 87% | A++ | 88 |
| GEICO | 73 | 93 | 95 | 85% | A++ | 87.1 |
| 21st Century | 85 | 85 | 91 | 89% | A | 86.9 |
| Liberty Mutual | 72 | 91 | 97 | 83% | A | 86.4 |
| AAA Insurance | 85 | 85 | 88 | 86% | A | 85.8 |
| Nationwide | 71 | 90 | 93 | 83% | A+ | 84.9 |
| Allstate | 69 | 92 | 92 | 83% | A+ | 84.4 |
| American Family | 77 | 96 | 80 | 85% | A | 83.8 |
| Esurance | 70 | 80 | 89 | 77% | A+ | 79.2 |
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Data Source: Insure.com Best Car Insurance Companies
Rate comparison of full coverage and liability-only
Finding the cheapest auto insurance is probably important to most people, and one easy way to find cheap insurance for a Kia Optima is to buy only liability coverage. The information below illustrates the comparison of car insurance rates with liability coverage only compared to full coverage. The costs are based on a clean driving record, no at-fault accidents, $500 deductibles, drivers are not married, and no discounts are factored in.
Averaged for all age groups, full coverage on your policy costs $4,387 per year more than just insuring for liability. A very common question is when is the right time to remove full coverage. There is no clear-cut formula to stop paying for physical damage coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
Impact of careless driving on auto insurance rates
The easiest method to earn the most affordable auto insurance prices in Detroit for an Optima is to drive safe and avoid accidents and keep your driving record clean. The information below shows how speeding tickets and accidents influence car insurance rates for each different age group. The rates are based on a single female driver, full coverage, $250 deductibles, and no policy discounts are applied.
In the previous example, the average cost of car insurance in Detroit per year with no accidents and a clean driving record is $4,654. Get one speeding ticket and the average cost rises to $5,279, an increase of $625 each year. Now add in two accidents along with the one speeding ticket and the yearly cost of auto insurance for a Kia Optima jumps again to an average of $10,654. That’s an increase of $6,000, or $500 per month, just for being a careless driver!
The information below illustrates how choosing a deductible can increase or decrease insurance costs when quoting cheap insurance for a Kia Optima. The costs are based on a single male driver, full coverage, and no discounts are applied to the premium.
As shown above, a 50-year-old driver could cut expenses by $792 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $1,194 by changing to a $1,000 deductible. Young drivers, like the age 20 example, can save up to $2,618 or even more just by choosing higher deductibles when buying full coverage.
If you make the decision to raise deductibles, it will be important to have emergency funds available to satisfy the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.