Trying to come up with a payment for high-priced car insurance can dwindle your bank account and force you to prioritize other expenses. Doing a rate analysis is a great way to lower your bills every month.
It’s an obvious assumption that insurance companies don’t want you to compare rates. Consumers who get price quotes annually are likely to switch car insurance companies because of the good chance of finding a more affordable policy premium. A recent car insurance study revealed that people who made a habit of comparing rate quotes saved an average of $3,400 over four years compared to policyholders who never shopped around for better prices.
If finding the cheapest rates on Kia Sedona insurance is your ultimate objective, knowing the best way to quote and compare car insurance can make it easier to shop your coverage around.
How to find lower priced Kia Sedona insurance in Irvine
The recommended way to save money on Kia Sedona insurance in Irvine is to start comparing rates regularly from companies in California. Rates can be compared by following these steps.
Step 1: Learn about how insurance companies determine prices and the things you can change to prevent expensive coverage. Many risk factors that cause rate increases like at-fault accidents, careless driving, and a less-than-favorable credit score can be eliminated by paying attention to minor details.
Step 2: Request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like GEICO or State Farm, while independent agencies can quote rates from multiple insurance companies.
Step 3: Compare the new rates to your current policy premium and determine if cheaper Sedona coverage is available. If you can save money and decide to switch, make sure coverage is continuous and does not lapse.
Step 4: Notify your agent or company of your decision to cancel your existing policy and submit the signed application along with the required initial payment to the new company. As soon as you can, place your new certificate verifying proof of insurance in an easily accessible location.
A tip to remember is to compare similar deductibles and liability limits on each price quote and and to get rates from every insurance company. This enables the most accurate price comparison and the best price selection.
Big companies like GEICO, Progressive and Allstate continually hit you with fancy advertisements and it is challenging if not impossible to see through the cute green geckos and mayhem and take the time to shop coverage around.
Most of the larger companies give prices for coverage on their websites. Getting Kia Sedona insurance prices online doesn’t take much effort as you simply type in the amount of coverage you want on the page. Once entered, the system automatically retrieves credit information and your driving record and generates pricing information. The ability to get online rates for Kia Sedona insurance in Irvine makes it a lot easier to compare rates and it’s absolutely necessary to get many rate quotes in order to find the cheapest car insurance rates.
In order to find out if lower rates are available, compare rates from the companies below. If you have a policy now, it’s recommended you replicate your coverages identical to your current policy. This ensures you will have a price comparison for exact coverage.
The auto insurance companies shown below are ready to provide price comparisons in California. If multiple companies are listed, it’s highly recommended you compare several of them to get a more complete price comparison.
Kia Sedona insurance rate analysis
The premium table shown below highlights different prices for Kia Sedona models. Having insight into how insurance policy premiums are figured can be useful when making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sedona | $310 | $434 | $386 | $22 | $116 | $1,268 | $106 |
| Sedona LX | $310 | $530 | $386 | $22 | $116 | $1,364 | $114 |
| Sedona EX | $350 | $530 | $386 | $22 | $116 | $1,404 | $117 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rate quotes do not factor in Irvine location which can change auto insurance rates noticeably.
The information below demonstrates how deductibles and can impact Kia Sedona annual premium costs for each age group. Data assumes a married female driver, full physical damage coverage, and no discounts are applied to the premium.
Rate comparison of male drivers versus female drivers
The illustration below visualizes the comparison of Kia Sedona car insurance rates for male and female drivers. The price estimates are based on no tickets, no at-fault accidents, comp and collision included, $250 deductibles, marital status is single, and no discounts are applied.
Full coverage or liability only
The example below illustrates the comparison of Kia Sedona insurance prices with full physical damage coverage and with liability coverage only. The premiums assume no driving violations, no at-fault accidents, $500 deductibles, single status, and no discounts are factored in.
Should you pay for full coverage or liability only?
There is no specific rule to exclude full coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is about 10% or more of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
For example, let’s assume your Kia Sedona settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $6,000 after the policy deductible has been paid. If you are paying in excess of $600 a year for full coverage, then it could be time to drop full coverage.
There are some circumstances where dropping full coverage is not a good plan. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.
You Can Change Your Insurance Rates
Many factors are part of the calculation when pricing auto insurance. Some of the criteria are obvious such as your driving record, but some are not quite as obvious like where you live and annual miles driven. The best way to find cheaper insurance is to take a look at some of the factors that aid in calculating your premiums. If you know what positively or negatively impacts your premiums, this enables you to make decisions that can earn you lower rates.
- More miles driven equals more premium – The more you drive your Kia in a year’s time the more it will cost to insure it. Many insurance companies charge rates based on how the vehicle is used. Cars left parked in the garage qualify for better rates compared to those used for work or business. It’s a good idea to make sure your insurance coverage correctly shows how each vehicle is driven. An incorrectly rated Sedona is throwing money out the window.
- Occupation stress can make you pay more – Occupations like doctors, social workers, and emergency personnel are shown to have the highest rates due to intense work-related stress and extremely grueling work hours. Other occupations such as scientists, historians and the unemployed have the lowest average rates.
- Drive a safer car and pay less – Cars with high safety ratings are cheaper to insure. Safe vehicles reduce the chance of injuries and lower injury rates translates into savings for insurance companies and cheaper rates on your policy.
- Good credit scores equal low rates – An insured’s credit score is likely to be a major factor in determining premium rates. Therefore, if your credit rating is not that good, you could pay less to insure your Kia Sedona by improving your rating. Insureds with high credit scores tend to be more responsible as compared to drivers with worse credit.
- Decrease rates by maintaining coverage – Having a lapse in insurance coverage will be a sure-fire way to pay more for insurance. In addition to paying higher rates, getting caught without coverage will get you a revoked license or a big fine.
- Insurance rates for married couples – Having a significant other may save some money when buying insurance. It may mean you are more financially stable and it’s statistically proven that married drivers tend to have fewer serious accidents.
- Save money by staying claim free – If you are a frequent claim filer, you can definitely plan on higher premiums or even policy non-renewal. Companies in California award discounts to insureds who do not file claims often. Insurance coverage is meant to be used in the event of major claims that would cause financial hardship.
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Kia Sedona claim probability – Insurers use past insurance losses to help calculate a profitable premium price. Models that historically have a higher amount or frequency of claims will cost more for coverage. The table below outlines the actual insurance loss data for Kia Sedona vehicles.
For each coverage type, the loss probability for all vehicles, without regard to make or model, is equal to 100. Percentage values below 100 indicate better than average losses, while numbers above 100 indicate more frequent claims or statistically larger losses.
Car Insurance Loss Data for Kia Sedona Models Specific Kia Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Kia Sedona 102 64 96 116 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Why you need auto insurance
Even though Irvine Sedona insurance rates can get expensive, buying auto insurance serves an important purpose.
First, most states have mandatory insurance requirements which means state laws require a specific minimum amount of liability coverage in order to get the vehicle licensed. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if your car has a loan, most banks will make it a condition of the loan that you have insurance to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the bank will be required to insure your Kia at an extremely high rate and force you to reimburse them for the expensive policy.
Third, auto insurance protects both your car and your personal assets. It will also provide coverage for all forms of medical expenses for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, will also pay to defend you if someone files suit against you as the result of an accident. If your Kia gets damaged, comprehensive and collision coverage will pay to repair the damage.
The benefits of carrying adequate insurance definitely exceed the price paid, especially if you ever need it. The average driver in America overpays more than $830 a year so you should quote rates every year to help ensure money is not being wasted.