View 2003 Kia Rio Insurance Cost

Searching for the cheapest insurance rates for your Kia Rio? Are you sick and tired of robbing Peter to pay Paul each month for car insurance? You’re in the same situation as many other consumers.

Numerous auto insurance companies battle for your business, and it can be difficult to compare rates and get the definite cheapest price

If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using these methods. Finding affordable coverage is quite easy. But car owners need to learn how the larger insurance companies compete online and apply this information to your search.

How to Get Cheap Insurance

There are several ways to compare quotes from insurance companies in your area. The best method to compare 2003 Kia Rio insurance prices involves getting comparison quotes online. This can be done in just a few minutes using one of these methods.

  1. The recommended way consumers can make multiple comparisons is an all-inclusive rate comparison (click to open form in new window). This type of form keeps you from doing separate quote forms for every insurance company. A single, simple form gets rate comparisons from many national carriers.
  2. A different way to shop for insurance online is to manually visit the website of each company and fill out their own quote form. For example, we’ll pretend you want to compare Nationwide, Esurance and Geico. To get each rate you have to take the time to go to each site to input your insurance information, which is why the first method is quicker.

    For a list of links to insurance companies in your area, click here.

However you get your quotes, ensure you’re using exactly the same information for every company. If you enter different values for each quote you can’t possibly make a fair comparison for your Kia Rio. Having just a slight variation in coverages may result in a large different in cost. It’s important to know that having more price comparisons helps locate the best rates.

Lower rates by qualifying for discounts

Companies offering auto insurance don’t list all their discounts in a way that’s easy to find, so we researched some of the best known and the harder-to-find savings tricks you should be using.

  • Defensive Driver – Successfully completing a driver safety course could save 5% or more depending on where you live.
  • Government Employees – Being employed by or retired from a federal job can earn a discount up to 10% on Rio insurance with select insurance companies.
  • Accident Waiver – A few companies permit an accident before hitting you with a surcharge if your claims history is clear prior to the accident.
  • Multi-car Discount – Insuring more than one vehicle with the same company qualifies for this discount.
  • Military Discounts – Being on active duty in the military may qualify for rate reductions.
  • Discount for Good Grades – A discount for being a good student can save 20 to 25%. Earning this discount can benefit you up to age 25.
  • Homeowners Discount – Being a homeowner can help you save on car insurance because owning a home shows financial diligence.

It’s important to understand that most credits do not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as collision or personal injury protection. Even though it may seem like having all the discounts means you get insurance for free, it just doesn’t work that way.

Car insurance companies who might offer these discounts include:

It’s a good idea to ask all companies you are considering what discounts are available to you. Discounts may not be available everywhere.

Why your Kia Rio insurance rates may be high

An important part of buying insurance is that you know the different types of things that play a part in calculating car insurance rates. When you know what positively or negatively impacts premium levels allows you to make educated decisions that may reward you with much lower annual insurance costs.

Shown below are a few of the “ingredients” companies use to determine rates.

  • Occupation reflects on rates – Did you know your occupation can influence how much you pay for car insurance? Occupations like doctors, social workers and accountants are shown to have higher rates than average because of high stress and long work days. On the flip side, jobs such as pilots, athletes and homemakers pay the least on Rio insurance.
  • Younger drivers pay higher rates – Teenage drivers are statistically proven to be less responsible when behind the wheel so they pay higher car insurance rates. Older insureds tend to be more responsible, statistically cause fewer accidents and tend to be better behind the wheel.
  • Drive less and save money – The more you drive in a year’s time the higher your rate. Almost all companies charge to insure your cars determined by how the vehicle is used. Autos not used for work or commuting can get a lower rate than those used for commuting. Ask your agent if your car insurance policy properly reflects the correct driver usage, because it can save money. If your policy improperly rates your Rio may be wasting your money.
  • Theft deterrents lower rates – Purchasing a vehicle with an alarm system can help lower your rates. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping your car from being stolen.
  • What are your deductibles? – Deductibles for physical damage define the amount you are willing to pay out-of-pocket in the event of a claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, insures against damage to your car. Examples of covered claims could be running into the backend of another car, damage from fire, and burglary. The more money you’re willing to pay, the less your company will charge you for insurance on Rio insurance.

Car insurance is unique, just like you

When it comes to buying coverage for your personal vehicles, there really is not a single plan that fits everyone. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For example, these questions can aid in determining if your situation could use an agent’s help.

  • What is UM/UIM insurance?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Do I have coverage when using my vehicle for my home business?
  • Does my policy cover my teen driver if they drive my company car?
  • What can I do if my company denied a claim?
  • When would I need additional glass coverage?
  • What is the difference between comprehensive and collision coverage?
  • Do I need replacement cost coverage on my 2003 Kia Rio?
  • Can I rate high risk drivers on liability-only vehicles?

If you can’t answer these questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Can you really save that much by switching?

Allstate, Geico and Progressive regularly use ads on television and other media. All the companies have a common claim of big savings if you move your policy. But how can every company make almost identical claims?

Different companies can use profiling for the driver that is profitable for them. For example, a preferred risk might be between 30 and 50, a clean driving record, and drives less than 7,500 miles a year. A customer getting a price quote who meets those qualifications will get very good rates and as a result will probably pay quite a bit less when switching companies.

Potential insureds who are not a match for this ideal profile will have to pay higher prices and ends up with business not being written. The ads state “drivers who switch” not “everyone that quotes” save money. That’s why companies can truthfully make the claims of big savings. Because of the profiling, drivers must get as many quotes as possible. Because you never know which company will provide you with the cheapest Kia Rio insurance rates.

Auto insurance coverage information

Having a good grasp of your insurance policy helps when choosing the best coverages for your vehicles. Policy terminology can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverage types available from insurance companies.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like chiropractic care, prosthetic devices, pain medications, nursing services and hospital visits. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Collision coverage protection

This covers damage to your Rio caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like scraping a guard rail, hitting a parking meter and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Liability car insurance

Liability insurance will cover damages or injuries you inflict on a person or their property. This coverage protects you against other people’s claims. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage protects against things such as repair bills for other people’s vehicles, repair costs for stationary objects, funeral expenses and structural damage. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like vandalism, a tree branch falling on your vehicle, fire damage and damage from getting keyed. The highest amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

More choices the merrier

As you prepare to switch companies, it’s not a good idea to buy less coverage just to save a little money. There are many occasions where drivers have reduced physical damage coverage only to discover later they didn’t have enough coverage. Your strategy should be to purchase a proper amount of coverage at a price you can afford.

Cheaper 2003 Kia Rio insurance is definitely available both online and with local insurance agents, and you need to comparison shop both so you have a total pricing picture. Some auto insurance companies do not offer online price quotes and most of the time these smaller companies sell through independent agents.

Additional auto insurance information is available on the following sites: