Cheap Kia Sedona Insurance in Portland

Insurance rates Kia Sedona in PortlandIf saving the most money is your goal, then the best way to get budget Kia Sedona insurance is to make a habit of comparing prices annually from different companies that sell auto insurance in Portland. Rates can be compared by following these guidelines.

The most important part of shopping around is to use identical coverage information on every price quote and and to compare every insurance company. Doing this helps ensure the most accurate price comparison and a thorough selection of prices.

Astonishing but true according to a recent study, a large majority of consumers have been with the same company for at least the last four years, and almost half have never even shopped around for cheaper coverage. Portland consumers could cut their rates by 60% a year just by comparing rates, but they feel it’s too difficult to shop their coverage around.

If you’re already insured, you will be able to save money using the techniques covered below. The purpose of this article is to help you learn how to compare rates easily and how you can save the most money. Although Oregon vehicle owners must learn how insurance companies compete online because it varies considerably.

Premium rates and analysis

The premium information below showcases a range of rate quotes for Kia Sedona models. Having a better understanding of how insurance policy rates are figured is important for you to make smart buying decisions.

Kia Sedona Insurance Rates in Portland, OR
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sedona $212 $336 $286 $16 $86 $936 $78
Sedona LX $212 $408 $286 $16 $86 $1,008 $84
Sedona EX $240 $408 $286 $16 $86 $1,036 $86
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Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Oregon minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Table data does not factor in specific location which can alter auto insurance rates substantially.

Should you raise deductibles?

The hardest decision when buying coverage is how high should your deductibles be. The tables below may help to conceptualize the cost difference when you select higher and lower insurance deductibles. The first set of prices uses a $250 physical damage coverage deductible and the second price grid uses a $500 deductible.

Kia Sedona insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sedona $246 $342 $272 $16 $82 $983 $82
Sedona LX $246 $416 $272 $16 $82 $1,057 $88
Sedona EX $278 $416 $272 $16 $82 $1,089 $91
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Kia Sedona insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sedona $200 $276 $272 $16 $82 $846 $71
Sedona LX $200 $336 $272 $16 $82 $906 $76
Sedona EX $226 $336 $272 $16 $82 $932 $78
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Information does not factor in vehicle location which can raise or lower premiums noticeably.

Based on the figures above, using a $250 deductible costs approximately $12 more each month or $144 every year than opting for the higher $500 deductible. Due to the fact that you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you go more than 21 months between claims, you would save money if you choose a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $250 deductibles: $87
Average monthly premium for $500 deductibles (subtract): – $75
Monthly savings from raising deductible: $12
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $12
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

An important sidenote is that a higher deductible level means you will have to pay more at claim time. You need to have some savings in order to pay more for the deductible.

Male drivers versus female drivers

The chart below compares Kia Sedona car insurance rates for male and female drivers. The costs are based on no claims or driving citations, comp and collision included, $500 deductibles, single status, and no policy discounts are applied.

Comparison of full coverage and liability-only policies

The chart below visualizes the comparison of Kia Sedona car insurance rates with liability coverage only compared to full coverage. The rates are based on a clean driving record, no claims, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

Deciding between full coverage and liability only

There is no exact formula of when to drop physical damage insurance, but there is a general guideline. If the annual cost of coverage is 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s assume your Kia Sedona replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $7,000 after you pay the deductible. If premiums are more than $700 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are a few situations where dropping full coverage is not in your best interest. If you still have a lienholder on your title, you have to carry full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage on your policy.

Get Cheap Insurance Costs by Understanding These Factors

The best way to find cheaper auto insurance is to take a look at the factors that come into play when calculating the level of your policy premiums. When consumers understand what positively or negatively impacts your premiums, this allows you to make good choices that could help you find lower premium levels. Lots of things are taken into consideration when you get your auto insurance bill. Most are fairly basic such as your driving record, but some are not as apparent such as whether you are married or how safe your car is.

Shown below are a partial list of the pieces utilized by car insurance companies to help set your rates.

Persistence is the key to affordable rates

Lower-priced auto insurance in Portland can be bought both online and with local Portland insurance agents, so get free Portland car insurance quotes from both of them to have the best chance of lowering rates. Some companies may not offer online price quotes and these regional carriers only sell coverage through independent insurance agencies.

You just read many ways to reduce Kia Sedona insurance premium rates online in Portland. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding cheaper Portland car insurance quotes. Consumers could even find that the best premium rates are with a lesser-known regional company. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as Allstate or State Farm.

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