2001 Kia Rio Car Insurance Cost

Want the cheapest insurance rates for your Kia Rio? Price shopping your insurance is always challenging for consumers not familiar with buying insurance online. Drivers have so many options available that it can easily become more work than you anticipated to compare prices.

It’s a good habit to check insurance prices at least once a year since insurance rates are usually higher with each renewal. Even if you think you had the lowest price for Rio coverage six months ago a different company probably has better rates today. So ignore everything you know about insurance because it’s time to teach you the right way to reduce your cost while increasing coverage.

Automobile Insurance Quotes

There are a variety of methods you can shop for 2001 Kia Rio car insurance but one way is less labor-intensive and much quicker. You can waste a lot of time discussing policy coverages with insurance companies in your area, or you can utilize online quoting to accomplish the same thing much quicker.

Many of the larger companies are enrolled in a marketplace that allows shoppers to enter their coverage request one time, and at least one company can give them a price determined by their information. This prevents consumers from doing quote requests to every company.

To participate in this free quote system, click to open in new window.

The single downside to pricing coverage this way is you don’t know exactly the providers you want pricing from. So if you want to select specific providers to receive pricing from, we have a listing of car insurance companies in your area. Click here for list of insurance companies.

Which method you use is up to you, but make darn sure you compare exactly the same deductibles and coverage limits on every quote you get. If you are comparing different values for each quote you will not be able to determine which rate is truly the best. Just a small difference in coverage limits can result in a big premium difference. Keep in mind that quoting more will improve the odds of getting a better price.

Slick advertising tricks that work

Car insurance providers like State Farm and Allstate regularly use television and radio advertisements. They all make the same claim of big savings if you move your coverage to them. How can each company say the same thing?

All the different companies have a certain “appetite” for the driver that makes them money. For example, a desirable insured might be a mature driver, has no driving citations, and drives newer vehicles. Any new insured who matches those parameters will get the preferred rates and as a result will probably cut their rates substantially.

Potential customers who don’t measure up to the requirements will be charged higher prices which leads to business not being written. Company advertisements say “people who switch” not “everyone that quotes” save that much money. This is how companies can truthfully claim big savings.

That is why you absolutely need to get quotes from several different companies. It’s just too difficult to predict which car insurance company will fit your personal profile best.

Why your Kia Rio might be costing you more

An important part of buying insurance is that you know the rating factors that help determine auto insurance rates. Having a good understanding of what impacts premium levels empowers consumers to make smart changes that can help you get much lower annual insurance costs.

The following are a partial list of the pieces used by your company to calculate your rates.

  • Bump up deductibles to save – Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your Kia from damage. A few examples of covered claims would be colliding with a building, collision with an animal, and burglary. The deductibles are the amount of money you are willing to pay out-of-pocket in the event of a claim. The more money you have to pay, the less your company will charge you for insurance for Rio coverage.
  • Pay less if you’re married – Being married can actually save you money on your auto insurance policy. Having a spouse usually means you are more mature than a single person and statistics show married couples file fewer claims.
  • Younger drivers pay higher rates – Youthful drivers are statistically proven to be more careless when behind the wheel so they pay higher auto insurance rates. Older insureds are viewed as being more responsible, tend to file fewer claims and receive fewer citations.
  • Do you need those extra coverages? – There are many extra coverages that can waste your money on your Rio policy. Coverages like personal injury protection, accident forgiveness and motor club memberships may be costing you every month. They may seem good initially, but if you don’t need them get rid of them and save.
  • Your job and insurance rates – Occupations like lawyers, business owners and financial analysts have higher average rates attributed to high stress levels and long work hours. Conversely, occupations such as scientists, engineers and retirees get better rates for Rio coverage.
  • Save money with special equipment – Owning a car that has an advanced theft prevention system can save you a little every year. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent car theft.
  • Men are more aggressive – Statistics have proven women tend to be less risk to insure than men. Now that doesn’t mean men are worse drivers. Men and women cause accidents at about the same rate, but the men tend to have more serious accidents. Men also statistically have more aggressive citations such as reckless driving.
  • Consolidate policies to earn discounts – The majority of companies will award you with lower prices to customers who carry more than one policy, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s still a good idea to comparison shop to ensure the best deal. Consumers may find a better deal by insuring with multiple companies.

These discounts can slash car insurance rates

The cost of insuring your cars can be expensive, but there could be available discounts that you may not know about. Some trigger automatically when you complete an application, but some may not be applied and must be requested specifically prior to receiving the credit.

  • Senior Discount – Mature drivers may be able to get a discount up to 10% for Rio coverage.
  • Military Discounts – Being on active duty in the military could be rewarded with lower premiums.
  • Drivers Education – Have your child successfully complete driver’s ed class in school.
  • Pay Upfront and Save – By paying your policy upfront instead of monthly or quarterly installments you could save 5% or more.
  • Low Mileage – Fewer annual miles on your Kia could qualify for better rates on cars that stay parked.
  • Air Bag Discount – Vehicles equipped with air bags or automatic seat belts can receive discounts up to 30%.

As a disclaimer on discounts, many deductions do not apply the the whole policy. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So when it seems like you could get a free car insurance policy, it just doesn’t work that way. But any discount will bring down your overall premium however.

A partial list of companies who might offer these money-saving discounts are:

Double check with all companies you are considering how you can save money. Discounts might not apply in your state.

When might I need the advice of an agent?

When it comes to choosing proper insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s.

These are some specific questions might help in determining if your insurance needs might need an agent’s assistance.

  • Will filing a claim cost me more?
  • Does liability extend to a camper or trailer?
  • Is a fancy paint job covered?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Do I need added coverage for expensive stereo equipment?
  • What is the difference between comprehensive and collision coverage?
  • Will I lose any money if I cancel my policy before it expires?
  • What if I total my 2001 Kia Rio and owe more than it’s worth?
  • Can I afford to buy a different vehicle if my 2001 Kia Rio is totaled?
  • What is PIP insurance?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form.

Car insurance coverage basics

Learning about specific coverages of a car insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Car insurance terms can be confusing and reading a policy is terribly boring.

Medical expense coverage

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for funeral costs, nursing services, rehabilitation expenses, doctor visits and surgery. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states and may carry a deductible

Liability

Liability insurance can cover damages or injuries you inflict on people or other property that is your fault. This insurance 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 injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Another option is a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as medical expenses, attorney fees, pain and suffering, structural damage and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured or underinsured coverage

This coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your 2001 Kia Rio.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important. Normally the UM/UIM limits do not exceed the liability coverage limits.

Collision insurance

This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as damaging your car on a curb, colliding with a tree and rolling your car. This coverage can be expensive, so consider dropping it from older vehicles. You can also bump up the deductible to bring the cost down.

Comprehensive protection

This pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things like a broken windshield, damage from getting keyed, hitting a deer and hitting a bird. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Save your cold hard cash

In this article, we covered some good ideas how you can shop for 2001 Kia Rio insurance online. The most important thing to understand is the more times you quote, the better your chances of lowering your rates. Consumers could even find that the lowest premiums are with an unexpected company.

As you shop your coverage around, never skimp on coverage in order to save money. In too many instances, an accident victim reduced liability limits or collision coverage and discovered at claim time they didn’t purchase enough coverage. Your strategy should be to purchase plenty of coverage at a price you can afford, not the least amount of coverage.

People who switch companies do it for a number of reasons such as not issuing a premium refund, questionable increases in premium, high prices and denial of a claim. It doesn’t matter why you want to switch choosing a new insurance company is easier than you think.

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