2005 Kia Rio Car Insurance Cost – 5 Tips for Cheaper Prices

Looking for cheaper insurance coverage rates for your Kia Rio? I can’t think of a single person who looks forward to paying premiums for insurance coverage, especially knowing the price is too high.

There is such a variety of car insurance companies to buy insurance from, and even though it’s nice to have a choice, having more insurance companies makes it harder to find the best rates for your vehicles.

Shopping for cheaper coverage is quite easy. Just about anyone who carries auto insurance most likely will be able to lower their premiums. Nevertheless, consumers must understand the methods companies use to compete online and use this information to your advantage.

Take advantage of every auto insurance discount

Some insurers don’t list every disount available in an easy-to-find place, so the following is a list of a few of the more common and the harder-to-find auto insurance savings.

  • Theft Deterent – Cars, trucks, and SUVs with anti-theft systems have a lower chance of being stolen and earn discounts up to 10% off your insurance coverage quote.
  • Claim Free – Drivers who don’t have accidents are rewarded with significantly better rates on insurance coverage quote as opposed to drivers with a long claim history.
  • Student Discounts – Performing well in school can earn a discount of 20% or more. The discount lasts well after school through age 25.
  • Save with More Vehicles Insured – Buying insurance for more than one vehicle on the same auto insurance policy may reduce the rate for each vehicle.
  • Seat Belt Discounts – Drivers who require all occupants to buckle up before driving can save up to 15% off the medical payments premium.

Consumers should know that some credits don’t apply the the whole policy. Most only apply to specific coverage prices like collision or personal injury protection. Despite the fact that it seems like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy. Any amount of discount will reduce the cost of your policy.

A few of the larger companies and some of the discounts are included below.

  • GEICO policyholders can earn discounts including good student, defensive driver, five-year accident-free, multi-policy, driver training, multi-vehicle, and seat belt use.
  • Travelers may have discounts that include good student, IntelliDrive, new car, early quote, continuous insurance, and student away at school.
  • Nationwide has savings for accident-free, good student, multi-policy, anti-theft, defensive driving, business or organization, and Farm Bureau membership.
  • Farmers Insurance discounts include switch companies, bundle discounts, electronic funds transfer, business and professional, multi-car, and pay in full.
  • Esurance has discounts for safety device, emergency road assistance, Switch & Save, multi-policy, DriveSense, online shopper, and multi-car.
  • State Farm offers discounts including multiple policy, Drive Safe & Save, accident-free, driver’s education, Steer Clear safe driver discount, and passive restraint.
  • Progressive may include discounts for multi-vehicle, online signing, multi-policy, homeowner, and online quote discount.
  • Mercury Insurance offers discounts for age of vehicle, good driver, accident-free, multi-policy, multi-car, annual mileage, and anti-theft.

Check with each insurance company which discounts you qualify for. Some of the discounts discussed earlier may not be available in your area.

The fastest way that we advise to compare policy rates is to understand all the major auto insurance companies participate in online systems to provide you with free rate quotes. All you need to do is provide a small amount of information including types of safety features, how many miles driven, level of coverage desired, and if your license is active. That rating information is automatically sent to many of the top insurers and you get price estimates immediately.

How to know if you need help

When choosing coverage for your vehicles, there really is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. These are some specific questions can aid in determining whether your personal situation would benefit from professional advice.

  • Should I put collision coverage on all my vehicles?
  • Will my insurance pay for OEM parts?
  • Should I carry comprehensive and collision coverage?
  • What is the rate difference between pleasure use and commuting?
  • Do I need motorclub coverage?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Am I covered when using my vehicle for business?
  • Why do I need rental car insurance?
  • Do I need added coverage for expensive stereo equipment?
  • Should I buy full coverage?

If you can’t answer these questions, you may need to chat with an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area.

Car insurance coverage specifics

Understanding the coverages of car insurance helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring. These are typical coverage types available from car insurance companies.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Kia Rio.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Comprehensive insurance

Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like theft, damage from a tornado or hurricane, hail damage, damage from flooding and vandalism. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Collision coverage protection

This covers damage to your Rio caused by collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as rolling your car, sustaining damage from a pot hole, colliding with another moving vehicle, colliding with a tree and hitting a mailbox. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Liability coverages

Liability coverage provides protection from damage or injury you incur to people or other property that is your fault. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as emergency aid, funeral expenses and attorney fees. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for bills like X-ray expenses, surgery, funeral costs, rehabilitation expenses and nursing services. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Be a Smart Shopper

When trying to cut insurance costs, do not buy less coverage just to save a little money. Too many times, an accident victim reduced uninsured motorist or liability limits and learned later that their decision to reduce coverage ended up costing them more. Your goal should be to purchase a proper amount of coverage at an affordable rate, not the least amount of coverage.

Cheap 2005 Kia Rio insurance can be sourced on the web and from local agencies, so get free insurance coverage quotes from both of them to have the best chance of lowering rates. Some insurance providers do not provide price quotes online and usually these small insurance companies prefer to sell through independent agencies.

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