2011 Kia Rio Insurance Cost – 7 Ways to Save

Looking for lower insurance rates for your Kia Rio? Think you have an overpriced insurance policy? Don’t feel bad because there are many drivers thinking the same thing.

Because you have many insurance companies to choose from, it can be impossible to pick the lowest price insurer.

Buying car insurance is easy if you know what you’re doing. If you are paying for car insurance now, you should be able to lower your premiums substantially using these tips. But drivers do need to know the way insurance companies price online insurance and use this information to your advantage.

Save money with these seven discounts

The cost of insuring your cars can be expensive, but you can get discounts to cut the cost considerably. Certain reductions will be credited when you purchase, but a few must be manually applied in order for you to get them.

• Discount for Passive Restraints – Cars that have air bags and/or automatic seat belt systems can receive discounts of 20 to 30 percent.
• Telematics Discount – Drivers that enable data collection to study when and where they use their vehicle by using a telematics device in their vehicle like Drivewise from Allstate or In-Drive from State Farm may get a rate reduction if they have good driving habits.
• Resident Student – Any of your kids who attend college more than 100 miles from home and leave their car at home may be insured at a cheaper rate.
• Multi-policy Discount – If you can combine your auto and homeowners policy and insure them with the same company you could earn a discount of up to 20% off your total premium.
• No Claim Discounts – Insureds who avoid accidents and claims pay less when compared to drivers who are more careless.
• Senior Citizen Rates – Older drivers may receive a discount up to 10% for Rio coverage.
• Good Student Discount – Maintaining excellent grades can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.

A little disclaimer on discounts, some credits don’t apply to the entire policy premium. Most cut individual premiums such as comprehensive or collision. So when the math indicates all those discounts means the company will pay you, insurance companies aren’t that generous.

To locate providers with the best discounts, click this link.

Be skeptical of auto insurance ads

Big name companies like Allstate, Geico and Progressive continually stream ads in print and on television. All the ads advertise claims of big savings after switching your auto insurance coverage to their company. How does each company cost less than your current company? This is the trick they use.

Insurance companies have strict underwriting profiles for the type of customer that is profitable for them. An example of a preferred risk may need to be over the age of 35, has never had a policy lapse, and drives less than 10,000 miles a year. Any driver who matches those parameters will get low car insurance rates and most likely will save some money.

Potential customers who are not a match for these standards will get a higher premium and this can result in business going elsewhere. The trick companies use is to say “drivers that switch” not “everyone who quotes” save that much money. That’s why companies can advertise the way they do. Because each company has a different risk profile, you really should compare rate quotes every year. It’s impossible to know which company will have the best premium rates at this point in time.

What is the best insurance coverage coverage?

When choosing proper insurance coverage, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that may help highlight if your situation might need an agent’s assistance.

• Do I have coverage when making deliveries for my home business?
• Will I be non-renewed for getting a DUI or other conviction?
• Should I waive the damage coverage when renting a car?
• Am I covered when driving in Canada or Mexico?
• Is my babysitter covered when using my vehicle?
• Is pleasure use cheaper than using my 2011 Kia Rio to commute?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.

The coverage is in the details

Knowing the specifics of a insurance policy helps when choosing the best coverages and proper limits and deductibles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverages offered by insurance companies.

Medical expense coverage – Med pay and PIP coverage pay for short-term medical expenses such as surgery, funeral costs and pain medications. The coverages can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Auto liability – Liability coverage will cover damage or injury you incur to other’s property or people in an accident. This coverage protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things like loss of income, emergency aid, bail bonds, legal defense fees and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Comprehensive protection – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as rock chips in glass, damage from flooding, damage from getting keyed, falling objects and damage from a tornado or hurricane. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverage – Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as crashing into a ditch, backing into a parked car and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage – This gives you protection when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Kia Rio.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Final considerations

The cheapest 2011 Kia Rio insurance can be found online and also from your neighborhood agents, and you need to price shop both to have the best selection. Some insurance companies may not offer the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

When you buy insurance online, never buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured cut uninsured motorist or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your goal is to get the best coverage possible at an affordable rate and still be able to protect your assets.

We just showed you a lot of techniques to compare 2011 Kia Rio insurance premium rates online. The key concept to understand is the more quotes you get, the higher your chance of finding cheap insurance. Consumers could even find that the best price on insurance is with the least-expected company. Smaller companies can often provide lower prices in certain areas compared to the large companies like State Farm, Geico and Nationwide.

Much more information about insurance is available at the links below

• What is Covered by GAP Insurance? (Allstate)
• Safety Belts FAQ (iihs.org)
• Booster Seat Ratings (iihs.org)
• What is Full Coverage? (Allstate)