2006 Kia Rio Insurance Cost

I can’t think of a single person who likes having to buy auto insurance, in particular when the price is too high.

There are many car insurance companies to purchase coverage from, and though it is a good thing to have a selection, lots of choices makes it harder to get the best deal.

Car Insurance Comparison Rates

The are a couple different ways to compare quotes and find the best price. The fastest way to compare 2006 Kia Rio insurance prices is simply to get online rate quotes. It is quite easy and can be accomplished in just a few minutes using one of these methods.

  • The most efficient way to get quotes for comparison is a comparison rater form like this one (opens in new window). This type of form prevents you from having to do separate quotation requests for each company. One simple form gets you coverage quotes from many national carriers.
  • A more difficult way to find lower rates requires visiting the website of each company to complete a price quote. For sake of this example, let’s assume you want to compare Nationwide, 21st Century and Farmers. You would have to take the time to go to each site and enter your policy data, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.

It’s your choice how you get your quotes, but make sure you use exactly the same coverages on every quote. If you compare different liability limits it will be impossible to determine the lowest rate for your Kia Rio. Slightly different insurance coverages may result in a large different in cost. And when comparing car insurance rates, know that having more price comparisons gives you a better chance of getting better pricing.

Can switching companies really save?

Auto insurance providers like Geico, State Farm and Progressive regularly use ads in print and on television. They all make an identical promise about savings if you move your policy. How does each company claim to save you money? This is how they do it.

All companies are able to cherry pick for the type of customer that is profitable for them. For instance, a driver they prefer might be between the ages of 30 and 50, is a homeowner, and drives less than 7,500 miles a year. Any new insured who matches those parameters will qualify for the lowest rates and therefore will save quite a bit of money when switching.

Consumers who don’t qualify for these standards will have to pay higher premiums which leads to the customer not buying. The ads say “customers who switch” not “people who quote” save money. That is how insurance companies can make those claims.

Because of the profiling, you need to get a wide range of price quotes. Because you never know which company will have the lowest Kia Rio insurance rates.

Kia Rio insurance rates are influenced by…

An important part of buying insurance is that you know the rating factors that go into determining the rates you pay for auto insurance. Knowing what influences your rates allows you to make educated decisions that may reward you with better auto insurance rates.

Listed below are a partial list of the pieces companies use to determine rates.

  • Discounts for married couples – Having a spouse helps lower the price on auto insurance. Marriage translates into being more responsible and it’s statistically proven that drivers who are married are more cautious.
  • High numbers of claims are not good – Car insurance companies provide discounts to drivers who are claim-free. If you file claims often, you can look forward to either a policy non-renewal or much higher rates. Auto insurance is intended to be relied upon for larger claims.
  • Occupation reflects on rates – Occupations such as real estate brokers, business owners and stock brokers are shown to have the highest rates due to job stress and long work hours. On the other hand, occupations such as scientists, students and the unemployed pay the least for Rio insurance.
  • Pleasure use or commuting – The higher the mileage driven in a year’s time the higher your rates will be. Most companies charge to insure your cars based on how the vehicle is used. Vehicles used primarily for pleasure use get more affordable rates than vehicles that are driven to work every day. Improper usage on your Rio can cost quite a bit. Double check that your auto insurance declarations sheet properly reflects the correct usage for each vehicle.
  • Save money with special equipment – Purchasing a vehicle with an alarm system can help bring down rates. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your vehicle from being stolen.
  • Little extras can really add up – There are quite a few add-on coverages that can waste your money when buying auto insurance. Things like rental car reimbursement, accident forgiveness and motor club memberships are examples of these. They may seem like a good idea at first, but if you don’t need them remove them from your policy.

More discounts equal less premium

Car insurance is not cheap, but there are discounts available to reduce the price significantly. Certain discounts will be applied when you complete an application, but some must be asked for before being credited.

  • Federal Government Employee – Employees or retirees of the government could cut as much as 10% off for Rio insurance with select insurance companies.
  • Payment Method – If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
  • No Charge for an Accident – Some insurance companies permit an accident before raising your premiums as long as you don’t have any claims for a particular time prior to the accident.
  • Drive Safe and Save – Safe drivers may receive a discount up to 45% less for Rio insurance than their less cautious counterparts.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.
  • Low Mileage Discounts – Keeping the miles down on your Kia could be rewarded with better rates on cars that stay parked.
  • New Car Discount – Adding a new car to your policy can save up to 30% due to better safety requirements for new cars.
  • Anti-theft Discount – Anti-theft and alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • Early Signing – Select companies give a discount for switching to them before your current policy expires. This can save 10% or more.

As a disclaimer on discounts, some credits don’t apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. Just because it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way. Any qualifying discounts will reduce your premiums.

A partial list of companies that may offer these money-saving discounts are:

It’s a good idea to ask every prospective company how you can save money. Discounts might not apply everywhere.

It’s not one size fits all

When buying coverage for your vehicles, there really is no cookie cutter policy. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions can aid in determining whether or not you might need an agent’s assistance.

  • Am I covered when driving in Canada or Mexico?
  • Does my insurance cover my expensive audio equipment?
  • Is my ex-spouse still covered by my policy?
  • Should I waive the damage coverage when renting a car?
  • What is the difference between comprehensive and collision coverage?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Can I get a multi-policy discount?
  • Does my policy cover me when driving someone else’s vehicle?
  • Should I file a claim if it’s only slightly more than my deductible?

If you’re not sure about those questions but one or more may apply to you, 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.

Auto insurance coverage breakdown

Knowing the specifics of your policy aids in choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverages available from auto insurance companies.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability car insurance – This will cover injuries or damage you cause to people or other property that is your fault. It protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as emergency aid, funeral expenses, repair costs for stationary objects, medical expenses and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like hospital visits, pain medications and nursing services. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. PIP is not an option in every state but can be used in place of medical payments coverage

Comprehensive insurance – This coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as damage from getting keyed, vandalism and fire damage. The most you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Collision coverages – This coverage will pay to fix damage to your Rio caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as hitting a parking meter, crashing into a building, sustaining damage from a pot hole, colliding with another moving vehicle and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

More choices the merrier

Cheaper 2006 Kia Rio insurance is definitely available from both online companies and with local insurance agents, and you should be comparing both in order to have the best chance of saving money. Some companies do not offer online price quotes and these small, regional companies work with independent agents.

When shopping online for auto insurance, make sure you don’t buy poor coverage just to save money. There are a lot of situations where an accident victim reduced liability limits or collision coverage only to discover later that the savings was not a smart move. Your strategy should be to find the BEST coverage at a price you can afford, not the least amount of coverage.

Additional detailed information can be found by following these links: