How Much Does 2008 Kia Rio Car Insurance Cost?

Are you irritated from trying to scrape together enough money to pay your insurance bill each month? You are in the same boat as many other people.

You have multiple insurers to choose from, and although it’s a good thing to be able to choose, more choices can make it harder to get the best deal.

Don’t overlook these insurance discounts

Companies that sell car insurance do not list all disounts in an easy-to-find place, so we break down both the well known in addition to some of the lesser obvious ways to save on insurance.

  • Safety Course Discount – Participating in a safe driver class could earn you a small percentage discount and easily recoup the cost of the course.
  • Pay Now and Pay Less – By making one initial payment instead of paying each month you may reduce your total bill.
  • Employee of Federal Government – Active or retired federal employment can save as much as 8% for Rio coverage with select insurance companies.
  • Renewal Discounts – A few larger companies offer discounts for switching to them prior to the expiration date on your current policy. It’s a savings of about 10%.
  • Multi-Vehicle Discounts – Purchasing coverage when you have primary and secondary vehicles with the same insurance company can reduce rates for all insured vehicles.
  • Telematics Discount – Drivers that enable driving data collection to study driving patterns by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates as long as they are good drivers.

Remember that most credits do not apply the the whole policy. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Even though it may seem like all those discounts means the company will pay you, nobody gets a free ride. Any amount of discount will reduce the cost of your policy.

A few of the larger companies and a partial list of their discounts are outlined below.

  • Mercury Insurance offers premium reductions for good driver, multi-car, ease of repair, professional/association, and annual mileage.
  • Farmers Insurance discounts include business and professional, alternative fuel, switch companies, mature driver, homeowner, early shopping, and bundle discounts.
  • Farm Bureau has discounts for safe driver, multi-policy, good student, multi-vehicle, renewal discount, and driver training.
  • State Farm policyholders can earn discounts including multiple autos, passive restraint, good driver, safe vehicle, and multiple policy.
  • Allstate may have discounts that include passive restraint, good payer, defensive driver, good student, 55 and retired, EZ pay plan discount, and anti-lock brakes.
  • GEICO may include discounts for good student, military active duty, daytime running lights, defensive driver, and air bags.

Check with all the companies what discounts are available to you. Some discounts listed above may not apply to policyholders in your area. To locate insurers with significant discounts, follow this link.

How to find affordable insurance

The are a couple different ways to compare prices from local insurance companies. The simplest method to find cheaper 2008 Kia Rio rates is to get quotes online. This can be done in a couple minutes as outlined below.

  1. The best way to compare a lot of rates at once is to use a rate comparison form like this one (opens in new window). This easy form prevents you from having to do boring form submissions for every insurance company. A single form gets coverage cost estimates instantly.
  2. A more time consuming way to compare rate quotes requires visiting the website of each company to request a price quote. For sake of this example, let’s assume you need rates from Allstate, State Farm and American Family. In order to compare rates, you need to visit each site and type in your information over and over, and that explains why we recommend the first method. For a list of links to insurance companies in your area, click here.

Take whichever approach you prefer, but make sure you are using the same coverages for each comparison quote. If you enter mixed coverages you can’t possibly make a fair comparison for your Kia Rio. Quoting even small variations in limits could mean much higher rates. Just remember that making a lot of price comparisons gives you a better chance of getting a better price.

Why informed consumers pay less for Kia Rio insurance

Part of the insurance coverage buying process is learning the different types of things that are used to determine your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could help you find lower rates.

  • Pay less with a high IIHS safety rating – Vehicles with good safety scores cost less to insure. The safest vehicles result in less severe injuries and better occupant protection translates directly to fewer claims which can result in lower premiums. If your Kia scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.
  • Consolidate policies with the same company – Lots of insurance companies apply better rates to clients who buy several policies from them. It’s known as a multi-policy discount. Even if you qualify for this discount already, you still need to compare rates to help ensure you have the lowest rates.
  • Improve your credit rating – A driver’s credit rating can be an important factor in determining what you pay for insurance coverage. Drivers who have good credit tend to file fewer claims as compared to drivers with poor credit. If your credit score is lower than you’d like, you may save money insuring your 2008 Kia Rio by improving your rating.
  • Your occupation can affect insurance coverage rates – Do you have a high-stress occupation? Jobs such as real estate brokerspolice officers and medical professionals generally pay higher average rates attributed to high stress levels and lots of time spent at work. Other careers like scientists, engineers and retirees have lower than average premiums for Rio coverage.
  • Lower prices with GPS tracking and theft deterrents – Choosing a vehicle with a theft deterrent system can help lower your rates. Anti-theft devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent car theft.
  • Don’t skimp on liability coverage – The liability section of your policy provides coverage if you are found to be at fault for causing damage or personal injury in an accident. Your policy’s liability insurance provides legal defense to attempt to prove you were not liable. It is affordable coverage compared to insuring for physical damage coverage, so do not cut corners here.
  • Don’t get traffic citations – Good drivers get better prices than bad drivers. Even a single moving violation can bump up the cost by as much as twenty percent. Drivers who have gotten dangerous violations like DUI or reckless driving may find they need to complete a SR-22 with their state motor vehicle department in order to legally drive a vehicle.

When to get professional advice

When choosing adequate coverage, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that For instance, these questions can help discover if your insurance needs would benefit from professional advice.

  • Why am I required to buy liability insurance?
  • Am I covered when driving in Canada or Mexico?
  • How high should my uninsured/underinsured coverage be in my state?
  • Is my ex-spouse still covered by my policy?
  • Will I lose any money if I cancel my policy before it expires?
  • Why am I required to get a high-risk car insurance policy?
  • If I drive on a suspended license am I covered?
  • Should I rate my 2008 Kia Rio as pleasure use or commute?
  • Is my cargo covered for damage or theft?
  • What can I do if my company won’t pay a claim?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Big names are not always cheapest

Respected companies like State Farm, GEICO and Progressive endlessly run television and radio advertisements. They all convey the message of big savings if you change to their company. But how can every company charge less that you’re paying now? Here is how they do it.

Companies have a preferred profile for the type of driver that will most likely be profitable. One example of a desirable risk may be between 30 and 50, has few claims, and drives less than 10,000 miles a year. Someone who meets those qualifications will get the preferred prices and is almost guaranteed to save money with a new company.

Drivers who do not match these stringent criteria must pay a higher rate which usually ends up with business not being written. The ad wording is “customers who switch” not “everybody who quotes” can get the lowest rates when switching. That’s the way companies can truthfully advertise the way they do.

Because each company has a different risk profile, you really should get insurance coverage quotes from several different companies. It is impossible to predict the company that will have the lowest auto insurance rates for your situation.

Specific coverage details

Understanding the coverages of your policy can be of help when determining the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement. These are the normal coverages available from insurance companies.

Medical expense coverage – Med pay and PIP coverage kick in for bills such as prosthetic devices, EMT expenses, pain medications and X-ray expenses. They are often used in conjunction with a health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Comprehensive protection – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as falling objects, a tree branch falling on your vehicle, fire damage, hitting a deer and vandalism. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Liability coverages – Liability insurance protects you from damages or injuries you inflict on other people or property by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like attorney fees, repair costs for stationary objects, medical services and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as high a limit as you can afford.

Collision – Collision coverage will pay to fix damage to your Rio caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things like sustaining damage from a pot hole, hitting a mailbox, backing into a parked car, sideswiping another vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Uninsured or underinsured coverage – This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and damage to your Kia Rio.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important. Normally these coverages are similar to your liability insurance amounts.

Be a money saver!

A few companies do not provide internet price quotes and most of the time these regional carriers sell through local independent agents. Cheaper car insurance is available from both online companies and from local insurance agents, so you need to compare both in order to have the best chance of saving money.

You just read many tips how you can lower your 2008 Kia Rio insurance prices. The key thing to remember is the more you quote insurance coverage, the better your chances of lowering your rates. Drivers may discover the biggest savings come from the least-expected company. They can often provide lower rates in certain areas than their larger competitors like State Farm, GEICO and Nationwide.

When searching for low cost insurance coverage quotes, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured cut collision coverage and learned later that it was a big error on their part. Your objective should be to find the BEST coverage at the best cost, but do not skimp to save money.

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