Are you at wits end from wondering where the money will come from to pay high auto insurance rates every month? You are no different than many other Indiana consumers.
It's amazing but most drivers kept buying from the same company for more than four years, and practically 40% of auto insurance customers have never compared rates from other carriers. Indiana drivers could save roughly 55% every year just by getting comparison quotes, but they don't believe the benefits if they replace their high priced policy.
People have many insurers to choose from, and though it is a good thing to have multiple companies, it can be more challenging to compare rates and find the lowest cost auto insurance.
Our goal in writing this article familiarize you with the most effective ways to compare rates and some tricks to saving. If you are already insured, you will most likely be able to get lower rates using these techniques. Nevertheless, Indiana vehicle owners need to learn the way companies determine prices because it varies considerably.
Keep in mind that comparing a large number of companies helps you find more affordable insurance. Some smaller insurers do not give online Indianapolis Sedona insurance quotes, so it's important to compare prices from the smaller companies as well.
The companies in the list below offer price comparisons in Indianapolis, IN. If several companies are displayed, we recommend you visit several of them to find the cheapest car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Price estimates do not factor in vehicle garaging location which can increase or decrease prices considerably.
Physical damage deductibles
The chart below shows how choosing a deductible and can influence Kia Sedona annual premium costs for different age groups of insureds. The costs are based on a married female driver, full coverage, and no discounts are taken into consideration.
Should you buy full coverage?
The illustration below shows the comparison of Kia Sedona car insurance costs with full physical damage coverage compared to only buying liability only. The information is based on no tickets, no at-fault accidents, $100 deductibles, single female driver, and no discounts are applied.
Guidelines for eliminating full coverage
There is no specific rule to stop buying comp and collision coverage, but there is a general convention. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let's say your Kia Sedona replacement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $7,000 after the deductible is paid. If you are currently paying more than $700 annually for physical damage coverage, then you may need to consider dropping full coverage.
There are some circumstances where buying only liability insurance is not in your best interest. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.
Car insurance does more than just repair your car
Even though it's not necessarily cheap to insure a Kia in Indianapolis, maintaining insurance serves several important purposes.
First, the majority of states have minimum liability requirements which means you are required to carry specific minimum amounts of liability protection in order to get the vehicle licensed. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your Kia Sedona has a loan, it's most likely the lender will make it a condition of the loan that you buy insurance to guarantee their interest in the vehicle. If the policy lapses, the lender may have to buy a policy to insure your Kia at a much higher premium rate and force you to pay a much higher amount than you were paying before.
Third, car insurance protects not only your Kia but also your financial assets. It will also pay for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if anyone sues you for causing an accident. If you have damage to your Kia as the result of the weather or an accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance greatly outweigh the cost, especially with large liability claims. Despite what companies tell you, the average driver is wasting up to $865 each year so it's very important to do a rate comparison at every policy renewal to make sure the price is not too high.
Get cheaper rates with these ten discounts
Companies that sell car insurance don't list every available discount in an easy-to-find place, so the list below contains a few of the more well known and also the lesser-known auto insurance savings.
- One Accident Forgiven - Not necessarily a discount, but a few companies such as Libery Mutual, GEICO and Allstate may permit one accident before your rates go up if your claims history is clear prior to the accident.
- Lower Rates for Military - Being deployed with a military unit can result in better premium rates.
- Theft Deterrent System - Anti-theft and alarm system equipped vehicles are less likely to be stolen and will qualify for a discount on a Indianapolis auto insurance quote.
- ABS and Traction Control Discounts - Anti-lock brake equipped vehicles are safer to drive so companies give up to a 10% discount.
- Accident Free - Drivers with accident-free driving histories can save substantially in comparison to frequent claim filers.
- Early Switch Discount - Select companies give a discount for renewing your policy prior to the expiration date on your current Sedona insurance policy. You can save around 10% with this discount.
- Early Payment Discounts - If paying your policy premium upfront rather than paying monthly you can avoid monthly service charges.
- Savings for New Vehicles - Buying insurance coverage on a new vehicle can save up to 30% compared to insuring an older model.
- Drivers Ed for Students - It's a good idea to have your young drivers enroll in driver's education if it's offered in school.
- Home Ownership Discount - Just being a homeowner can save you money because it means you have a higher level of financial diligence.
Discounts save money, but please remember that most of the big mark downs will not be given to the entire cost. Some only reduce specific coverage prices like physical damage coverage or medical payments. So even though they make it sound like you could get a free auto insurance policy, nobody gets a free ride.
If you would like to choose from a list of insurance companies that offer the discounts shown above in Indianapolis, click here to view.
Compare rates but buy from a local neighborhood Indianapolis car insurance agent
A small number of people prefer to visit with an insurance agent and that is OK! One of the benefits of comparing rates online is the fact that you can find cheap car insurance rates but also keep your business local. Supporting neighborhood agents is still important in Indianapolis.
Upon completion of this form (opens in new window), your information is emailed to participating agents in Indianapolis that give free quotes for your insurance coverage. You don't have to search for any insurance agencies because prices are sent to you directly. You can find lower rates and an insurance agent to talk to. If you need to get a rate quote from a specific company, feel free to jump over to their website and complete a quote there.
When narrowing the list to find a reputable agency, you should know the different types of agencies that differ in how they can insure your vehicles. Agencies in Indianapolis may be either independent (non-exclusive) or exclusive.
Agents that choose to be independent are not employed by any specific company so they can insure your vehicles through lots of different companies and get the cheapest rates. If you are not satisfied with one company, the business is moved internally and you don't have to find a new agent. When comparison shopping, we recommend you compare quotes from several independent insurance agents to have the most options to choose from.
Below is a list of independent agencies in Indianapolis that may be able to give you free price quotes.
Exclusive Car Insurance Agents
Agents that elect to be exclusive work for only one company like Allstate, State Farm and Farmers Insurance. These agents are unable to place coverage with different providers so you might not find the best rates. Exclusive agents receive extensive training on the products they sell and that can be a competitive advantage.
Shown below are exclusive insurance agents in Indianapolis that can give you comparison quotes.
Jim Grounds - State Farm Insurance Agent
4745 Statesmen Dr d - Indianapolis, IN 46250 - (317) 842-6807 - View Map
Selecting an auto insurance agent shouldn't rely on just the price. You should also get answers to these questions.
- Are they able to influence company decisions when a claim is filed?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Is there any savings for paying the full premium?
- Will high miles depreciate repair valuations?
- Does the agent help file claims?
Upon receiving reasonable responses to all your questions and an affordable coverage quote, you may have found an insurance agent that is a good match to properly insure your vehicles.
Insurance is unique, just like you
Keep in mind that when it comes to choosing coverage for your vehicles, there really isn't a perfect coverage plan. You are unique.
These are some specific questions may help you determine if you will benefit from professional help.
- Should I have combined single limit or split liability limits?
- Can I get a multi-policy discount for packaging my home and auto coverage?
- What is an umbrella policy?
- Should I sign the liability waiver when renting a car?
- Does my policy cover me when driving someone else's vehicle?
- Are all vehicle passengers covered by medical payments coverage?
- Is motorclub coverage worth it?
- Do I have coverage when using my vehicle for my home business?
- Will I lose any money if I cancel my policy before it expires?
- Where can I find high-risk insurance?
If it's difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form.
Car insurance coverages explained
Knowing the specifics of your policy can be of help when determining the best coverages and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording.
Collision coverage will pay to fix damage to your Sedona from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for things like rolling your car, crashing into a building, driving through your garage door and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It's also possible to choose a higher deductible on your Sedona to save money on collision insurance.
Liability insurance protects you from damage that occurs to a person or their property by causing an accident. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/10 which means $25,000 in coverage for each person's injuries, a per accident bodily injury limit of $50,000, and a limit of $10,000 paid for damaged property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.
Liability coverage pays for claims such as funeral expenses, loss of income, emergency aid and medical services. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible. Indiana requires drivers to carry at least 25/50/10 but you should think about purchasing more coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This provides protection when other motorists are uninsured or don't have enough coverage. Covered claims include injuries sustained by your vehicle's occupants and damage to your Kia Sedona.
Since a lot of drivers carry very low liability coverage limits (25/50/10), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Usually these coverages are set the same as your liability limits.
Comprehensive auto coverage
This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims such as hitting a bird, damage from a tornado or hurricane and vandalism. The maximum amount your car insurance company will pay is the cash value of the vehicle, so if it's not worth much more than your deductible it's not worth carrying full coverage.
Medical payments and PIP coverage
Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like surgery, prosthetic devices, rehabilitation expenses and funeral costs. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
The best insurance company isn't always the cheapest
Drivers leave their current company for a number of reasons such as extreme rates for teen drivers, policy non-renewal, policy cancellation or high rates after DUI convictions. No matter why you want to switch, finding a new insurance company can be pretty painless.
Throughout this article, we presented a lot of tips how to find lower-cost Kia Sedona insurance in Indianapolis. The key concept to understand is the more rate comparisons you have, the better likelihood of getting inexpensive Indianapolis auto insurance quotes. You may even find the lowest priced insurance comes from a smaller regional carrier.
Cheaper Kia Sedona insurance in Indianapolis is definitely available on the web as well as from insurance agents, so get free Indianapolis auto insurance quotes from both of them in order to have the best chance of saving money. Some insurance companies don't offer rate quotes online and these smaller companies only sell coverage through local independent agencies.
Even more information is located in these articles:
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Who Has Cheap Auto Insurance Rates for Good Drivers in Indiana? (FAQ)
- Who Has Cheap Auto Insurance for a Kia Forte in Indiana? (FAQ)
- Who Has the Cheapest Indiana Car Insurance for Single Moms? (FAQ)
- Who Has Affordable Indiana Auto Insurance for High Mileage Drivers? (FAQ)
- Who Has Affordable Auto Insurance for a 20 Year Old Female in Indiana? (FAQ)
- Drunk Driving Statistics (Insurance Information Institute)
- Learn About Car Insurance (GEICO)
- Where can I buy Insurance? (Insurance Information Institute)
- All About Airbag Safety (State Farm)