How Much Does 2016 Kia Rio Insurance Cost?

Trying to find cheaper auto insurance rates? Buyers have a choice when searching for the best price on Kia Rio insurance. They can either waste time calling around trying to get quotes or use the internet to compare rates.

There is a better way to compare auto insurance rates so we’re going to tell you the proper way to quote coverages on a Kia and find the best price possible from local insurance agents and online providers.

Drivers save money with with these discounts

Auto insurance companies do not list the complete list of policy discounts very well, so we break down a few of the more common and also the more inconspicuous discounts that may be available.

  • Payment Discounts – By paying your policy upfront as opposed to paying monthly you could save up to 5%.
  • Driver’s Education for Students – It’s a good idea to have your young drivers complete a driver education course in school or through a local driver safety program.
  • Good Student – A discount for being a good student may save you up to 25%. The discount lasts until age 25.
  • Multi-car Discount – Purchasing coverage when you have multiple cars with one company can reduce the rates for all insured vehicles.
  • Low Mileage Discounts – Driving less could qualify for substantially lower auto insurancerates.
  • E-sign Discounts – Some of the larger companies give back up to $50 for completing your application digitally online.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are stolen with less frequency and that can save you a little bit as well.
  • First Accident Forgiveness – This isn’t a discount exactly, but some companies like Allstate, Progressive, and GEICO allow you one accident before your rates go up if your claims history is clear for a set time period.

Just know that most of the big mark downs will not be given to all coverage premiums. Most only apply to specific coverage prices like comp or med pay. Even though it may seem like you can get free auto insurance, it’s just not the way it works.

If you would like to choose from a list of auto insurance companies that have a full spectrum of discounts, follow this link.

Buy insurance online

Reducing your 2016 Kia Rio insurance rates is not rocket science. You just have to spend a few minutes to get quotes from some recommended companies. It’s really simple and can be done using a couple different methods.

  • If you are pressed for time, the simplest way to compare a lot of rates at once is to use a rate comparison form click here to open form in new window. This form keeps you from doing separate quote forms for every prospective company. In just a few minutes this one form gets coverage cost estimates from many national carriers. It’s the fastest way to compare.
  • A harder way to get comparison quotes consists of going to each individual company website and complete a new quote form. For sake of this example, let’s say you want comparison quotes from Progressive, Liberty Mutual and GMAC. To get rate quotes you would need to spend time going to each site individually to enter the same coverage data repeatedly, and that explains why we recommend the first method. To view a list of companies in your area, click here.

The method you choose is up to you, but make sure you use nearly identical coverages and limits on every quote. If the quotes have different values for each quote you can’t possibly make an equal comparison.

Smart buyers can cut their insurance costs

Lots of factors are part of the equation when quoting car insurance. A few of the factors are predictable such as your driving history, although some other factors are not quite as obvious like where you live or your commute time.

The following are some of the items auto insurance companies consider when setting prices.

  • Women pay lower premiums – The statistics show that women are safer drivers than men. This data doesn’t prove that women are BETTER drivers than men. Both genders are responsible for accidents in similar numbers, but the males tend to have more serious accidents. Men also statistically get cited for more serious violations like driving under the influence (DUI). Teenage male drivers tend to get in the most accidents and therefore have the most expensive auto insurance rates.
  • Good drivers pay the best costs – Being a careful driver impacts your car insurance rates tremendously. Drivers with clean records receive lower rates as compared to careless drivers. Even a single citation can bump up the cost substantially. Drivers who have flagrant violations like DUI or reckless driving might be required by their state to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to drive a vehicle legally.
  • File insurance claims and pay more – Car insurance companies award lower rates to insureds who are not frequent claim filers. If you are the type of insured that files lots of claims you can look forward to either a policy non-renewal or much higher rates. Your car insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Lower rates with alarms and GPS tracking – Selecting a car model that has a built-in theft deterrent system can get you a discount on your auto insurance. Theft deterrent systems like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help prevent your vehicle from being stolen.

Your situation helps dictate your coverage

When buying coverage, there is no “perfect” insurance plan. Everyone’s needs are different.

Here are some questions about coverages that may help you determine if you may require specific advice.

  • Do I need PIP coverage since I have good health insurance?
  • Do I benefit by insuring my home with the same company?
  • What if I total my 2016 Kia Rio and owe more than it’s worth?
  • How high should my medical payments coverage be?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Is my dog or cat covered if injured in an accident?
  • Should I have a commercial auto policy?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and can provide invaluable advice.

Insurance coverage savings promises

Consumers can’t ignore all the ads for insurance coverage savings by State Farm and Allstate. They all seem to seem to make the promise about how much you will save just by switching your policy.

How does each company cost less than your current company? Here is the trick they use.

Many companies have an ideal profile for the type of driver that will add to their bottom line. One example of a driver they prefer could possibly be over the age of 45, has other policies, and drives a safe vehicle. Anyone that matches those criteria will qualify for the lowest rates and will most likely save if they switch.

Consumers who are not a match for the requirements will probably be forced to pay higher premiums which leads to business not being written. The trick companies use is to say “people who switch” not “everyone that quotes” can save as much as they claim. That’s why insurance companies can make claims like that.

This illustrates why you should compare rate quotes every year. It’s not possible to predict which insurance companies will provide the lowest prices.

Auto insurance policy specifics

Understanding the coverages of your auto insurance policy aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Liability auto insurance – This coverage provides protection from damage or injury you incur to other’s property or people in an accident. It protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims such as emergency aid, medical services, loss of income, pain and suffering and attorney fees. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance covers damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as falling objects, hitting a bird and hitting a deer. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for expenses for things like EMT expenses, chiropractic care, hospital visits, nursing services and pain medications. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance – This coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and also any damage incurred to your Kia Rio.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Normally these limits are set the same as your liablity limits.

Collision coverages – Collision coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims like damaging your car on a curb, sideswiping another vehicle, crashing into a building and backing into a parked car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Never pay more for less

As you restructure your insurance plan, you should never reduce coverage to reduce premium. There have been many cases where someone dropped liability limits or collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to purchase a proper amount of coverage at the lowest possible cost and still be able to protect your assets.

In this article, we covered some good ideas how you can reduce 2016 Kia Rio insurance auto insurance rates online. The key concept to understand is the more rate comparisons you have, the higher your chance of finding cheaper auto insurance. Drivers may discover the lowest auto insurance rates are with a lesser-known regional company.

Consumers who switch companies do it for many reasons like policy cancellation, unfair underwriting practices, questionable increases in premium or extreme rates for teen drivers. Regardless of your reason, switching companies is not as difficult as it may seem.

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