2005 Kia Rio Insurance Rates – 9 Savings Tips

No one in their right mind enjoys paying for insurance, in particular when their premiums are too high. Many car insurance companies vie to insure your vehicles, so it can be very hard to choose a provider to find the absolute lowest price

Vehicle Insurance Comparison

Reducing your 2005 Kia Rio insurance rates can be relatively painless. Just invest a few minutes to get quotes from different insurance companies. This can be accomplished in just a few minutes using one of these methods.

One of the simplest ways to compare a lot of rates at once is an all-inclusive rate comparison click here to open form in new window. This type of form eliminates the need for boring form submissions for each company you want a rate for. One form will get you rate comparisons from multiple companies.

A harder way to analyze rates is spending the time to visit each company website and request a quote. For examples sake, we’ll assume you want to compare USAA, Farmers and American Family. To get each rate you have to go to every website to input your insurance information, which is why most consumers use the first method. For a handy list of car insurance company links in your area, click here.

It’s your choice how you get your quotes, but make sure you use exactly the same coverages and limits for each price quote. If you compare higher or lower deductibles then you won’t be able to truly determine the lowest rate.

Discounts to lower Kia Rio insurance rates

The price of auto insurance can be rather high, buy you may qualify for discounts that many people don’t even know exist. Larger premium reductions will be automatically applied when you complete an application, but lesser-known reductions have to be requested specifically before they will apply. If you don’t get every credit you deserve, you’re just leaving money on the table.

  • Club Memberships – Being a member of certain professional organizations is a good way to get lower rates on your policy for Rio coverage.
  • Good Students Pay Less – This discount can save 20 to 25%. This discount can apply up to age 25.
  • Sign Early and Save – Select companies give a discount for switching policies before your current expiration date. It can save you around 10%.
  • Paperless Signup – Certain companies may give you up to $50 for buying your policy over the internet.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles can avoid accidents and earn discounts up to 10%.
  • Seat Belts Save more than Lives – Drivers who require all occupants to use a seat belt can save up to 15% on the medical payments or PIP coverage costs.
  • Multi-policy Discount – If you have multiple policies with the same insurance company you could get a discount of at least 10% off all policies.
  • Low Mileage Discounts – Keeping the miles down on your Kia could be rewarded with lower rates on the low mileage vehicles.
  • Accident Forgiveness – A few companies will forgive one accident before raising your premiums if you are claim-free for a particular time prior to the accident.

Keep in mind that most discount credits are not given the the whole policy. Some only reduce specific coverage prices like medical payments or collision. So even though they make it sound like all the discounts add up to a free policy, it doesn’t quite work that way. But all discounts will help reduce your premiums.

For a list of providers offering auto insurance discounts, click here to view.

Tailor your coverage to you

When buying the right insurance coverage, there isn’t really a best way to insure your cars. Everyone’s needs are different so your insurance needs to address that. Here are some questions about coverages that might point out if you could use an agent’s help.

  • Am I missing any policy discounts?
  • Should I sign the liability waiver when renting a car?
  • Is upholstery damage covered by car insurance?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Am I covered when using my vehicle for business?
  • Can I afford low physical damage deductibles?
  • Am I covered if I break a side mirror?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

Do insurance companies bend the truth?

Consumers can’t get away from ads for car insurance savings from companies such as Allstate, Geico and Progressive. They all make an identical promise about savings if you switch your policy.

But how can every company make almost identical claims?

All the different companies are able to cherry pick for the right customer that makes them money. For instance, a preferred risk could be over the age of 40, is a homeowner, and has a short commute. A driver who fits that profile will qualify for the lowest rates and as a result will probably save when switching.

Potential customers who do not match the requirements will be charged a higher premium and ends up with business going elsewhere. The ads say “people who switch” not “people who quote” save money. This is how insurance companies can advertise the savings.

That is why drivers should get quotes from several different companies. It’s not possible to predict which company will fit your personal profile best.

Auto insurance coverages and their meanings

Learning about specific coverages of your auto insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find the usual coverages offered by auto insurance companies.

UM/UIM Coverage

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Kia Rio.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like chiropractic care, doctor visits, hospital visits, ambulance fees and surgery. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like hitting a deer, falling objects, a tree branch falling on your vehicle and hitting a bird. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Auto liability insurance

Liability coverage will cover damage that occurs to other people or property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for 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. You commonly see policy limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things like court costs, medical services, loss of income, medical expenses and funeral expenses. How much liability should you purchase? That is a personal decision, but consider buying higher limits if possible.

Collision protection

Collision insurance pays to fix your vehicle from damage resulting from a 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 coverage protects against things like hitting a parking meter, rolling your car and damaging your car on a curb. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Don’t throw your cash in the trash

We covered quite a bit of information on how to reduce 2005 Kia Rio insurance prices online. The most important thing to understand is the more rate comparisons you have, the better likelihood of reducing your rate. You may even find the most savings is with some of the lesser-known companies. Regional companies may cover specific market segments cheaper than the large multi-state companies such as Geico and State Farm.

Cheaper insurance is available online and with local insurance agents, and you should be comparing both in order to have the best chance of saving money. Some insurance providers do not offer you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

When you buy insurance online, do not skimp on critical coverages to save a buck or two. There have been many situations where consumers will sacrifice liability limits or collision coverage to discover at claim time they didn’t purchase enough coverage. Your strategy should be to buy the best coverage you can find at a price you can afford.

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