Lower Your 2007 Kia Rio Insurance Rates

Looking for better insurance coverage rates for your Kia Rio? Finding the lowest price insurance coverage is rather difficult for vehicle owners not familiar with comparison shopping over the internet. With more and more insurers available, how are we expected to have a chance to compare all the different companies and get lower insurance coverage premiums?

If you currently have a car insurance policy, you will be able to lower your premiums substantially using these methods. The purpose of this article is to let you in on how to effectively get price quotes. Although car owners do need to learn the methods companies use to determine prices and use this information to your advantage.

How to compare insurance coverage quotes

There are a lot of ways you can shop for insurance coverage and some are more efficient than others. You could spend your day driving to agents in your area, or you could save time and use the web to get rate comparisons in just a few minutes.

Most car insurance companies belong to an insurance system that allows shoppers to send in one quote, and every company then returns a price quote determined by their information. This system prevents you from having to do quote requests for each company you want a rate for.

To find out what other companies charge click to open in new window.

The only drawback to pricing coverage this way is you can’t choose the providers you will receive quotes from. If you prefer to choose specific insurance companies to request quotes from, we have assembled a list of low cost insurance coverage companies in your area. Click here for list of insurance companies.

How you compare quotes is your choice, just make sure you use exactly the same information on every quote. If you compare different data it’s not possible to truly determine the lowest rate. Just a small difference in coverage limits could throw off the whole comparison. It’s important to know that more quotes helps improve the odds of finding more affordable rates.

You may qualify for discounts

Companies that sell car insurance don’t necessarily list all disounts in a way that’s easy to find, so here is a list both the well known as well as the least known ways to save on insurance.

  • Accident Waiver – but some insurance companies will turn a blind eye to one accident before they charge you more for coverage if you have no claims prior to the accident.
  • Service Members Pay Less – Having a family member in the military can result in better prices.
  • Senior Discount – If you’re over the age of 55, you may qualify for a discount up to 10% for Rio insurance.
  • Federal Employees – Active or retired federal employment can save as much as 8% for Rio insurance with a few insurance companies.
  • Bundled Policy Discount – If you can combine your home and auto policy with one insurance company you will save approximately 10% to 15%.

Consumers should know that most discount credits are not given to your bottom line cost. Most only reduce specific coverage prices like liability and collision coverage. So when the math indicates you could get a free insurance policy, that’s just not realistic.

Popular insurance companies and some of the discounts are outlined below.

  • State Farm may offer discounts for Steer Clear safe driver discount, safe vehicle, passive restraint, good driver, accident-free, and student away at school.
  • American Family has discounts for good student, bundled insurance, Steer into Savings, air bags, mySafetyValet, TimeAway discount, and multi-vehicle.
  • GEICO policyholders can earn discounts including daytime running lights, anti-lock brakes, membership and employees, air bags, driver training, and five-year accident-free.
  • 21st Century may have discounts that include early bird, theft prevention, good student, anti-lock brakes, and 55 and older.
  • Progressive offers discounts for good student, multi-vehicle, online signing, multi-policy, continuous coverage, and online quote discount.

Double check with each company how many discounts you can get. Depending on the company, some discounts may not apply to policyholders in your area. To view insurance companies that offer some of these discounts, click here.

There’s no such thing as the perfect car insurance policy

When choosing the right insurance coverage, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s.

Here are some questions about coverages that might point out whether or not you may require specific advice.

  • Should I have a commercial auto policy?
  • Does my 2007 Kia Rio need full coverage?
  • How much liability coverage do I need in my state?
  • When can my company non-renew my policy?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Exactly who is provided coverage by my policy?

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

Car insurance 101

Knowing the specifics of a insurance policy can help you determine the best coverages for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as EMT expenses, chiropractic care and rehabilitation expenses. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Collision coverage protection

Collision insurance covers damage to your Rio resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as backing into a parked car, colliding with another moving vehicle, crashing into a building and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible to save money on collision insurance.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like hitting a deer, damage from a tornado or hurricane, rock chips in glass, hail damage and falling objects. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto liability

Liability insurance provides protection from damages or injuries you inflict on a person or their property in an accident. It protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability coverage pays for things like court costs, medical services, repair costs for stationary objects and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

UM/UIM Coverage

Uninsured or Underinsured Motorist 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 Kia Rio.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Normally these coverages are identical to your policy’s liability coverage.