Compare 2018 Kia Niro Plug-In Hybrid Car Insurance Rates

Searching for the cheapest insurance rates for your Kia Niro Plug-In Hybrid? Tired of sacrificing to pay insurance each month? You are in the same boat as most other vehicle owners.

Online insurance companies like State Farm, GEICO and Farmers Insurance increase brand awareness with advertising and consumers find it hard to see through the deception and find the best price available.

Verify you’re applying every discount

Auto insurance companies don’t always advertise every disount available very clearly, so the list below details both well-publicized as well as the least known credits that you can use to lower your rates.

  • Anti-lock Brake System – Vehicles with anti-lock braking systems can stop better under adverse conditions and the ABS can save up to 10%.
  • Payment Method – If you pay your bill all at once rather than spreading payments over time you could save 5% or more.
  • Discounts for Seat Belt Usage – Requiring all passengers to use their safety belts can save 10% or more off the medical payments premium.
  • Onboard Data Collection – Insureds that choose to allow their auto insurance company to study driving patterns through the use of a telematics system such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates if they have good driving habits.
  • Passive Restraints and Air Bags – Factory options such as air bags can get savings up to 30%.
  • Theft Deterent – Cars optioned with advanced anti-theft systems are less likely to be stolen and therefore earn up to a 10% discount.
  • Own a Home – Owning a house can earn you a little savings since home ownership is proof that your finances are in order.
  • Early Renewal Discounts – A few auto insurance companies offer discounts for switching companies before your current policy expires. This discount can save up to 10%.
  • One Accident Forgiven – but a few companies such as Allstate, State Farm and GEICO permit an accident without the usual rate increase with the catch being you have to be claim-free for a certain period of time.

Keep in mind that most discount credits are not given to the overall cost of the policy. Some only reduce the cost of specific coverages such as comprehensive or collision. So when it seems like having all the discounts means you get insurance for free, it just doesn’t work that way. But all discounts will lower the amount you pay for coverage.

If you would like to choose from a list of auto insurance companies with significant discounts, click here to view.

How insurance companies determine Kia Niro Plug-In Hybrid insurance rates

Part of the insurance buying process is learning a few of the rating criteria that come into play when calculating your insurance rates. If you have a feel for what impacts premium levels, this allows you to make good choices that could result in much lower annual insurance costs.

  • Amount of liability insurance – The liability coverage on your policy kicks in if ever you are responsible for physical damage or personal injury to other. Your policy’s liability insurance provides legal defense coverage which can cost thousands of dollars. It is affordable coverage compared to physical damage coverage, so do not cut corners here.
  • Decrease insurance rates by maintaining coverage – Driving your car without having proper coverage is a big no-no and insurance companies will penalize you for letting your coverage lapse. Not only will rates go up, the inability to provide proof of insurance may result in a hefty fine and possibly a revoked license.
  • Drivers with high credit save – Credit score factor in calculating your premium rate. If your credit can use some improvement, you could save money insuring your 2018 Kia Niro Plug-In Hybrid by repairing your credit. People with excellent credit scores tend to be better drivers and file fewer claims than those with lower credit scores.
  • Premiums are lower the older you get – Older drivers tend to be more responsible, tend to file fewer claims , and usually have better credit.Young drivers tend to be careless and easily distracted when behind the wheel and because of this, their insurance rates are much higher.
  • Frequent insurance claims will increase rates – Companies award most affordable rates to insureds who file claims infrequently. If you file a lot of claims you can pretty much guarantee much higher rates or policy non-renewal. Insurance coverage is intended to be relied upon for major claims that would cause financial hardship.
  • Extra coverages are wasting money – There are a lot of additional extra coverages that may not really be needed if you aren’t careful. Insurance for rental car reimbursement, high-cost glass coverage, and additional equipment coverage may be wasting your money. They may seem like a good idea when talking to your agent, but if you don’t need them consider taking them off your policy.
  • Gender as a rate factor – Over the last 30 years, statistics show that women are safer drivers than men. That doesn’t necessarily mean that women are better drivers. Both sexes are in at-fault accidents at about the same rate, but the males tend to have higher claims. Not only that, but men also get ticketed for serious violations like driving under the influence (DUI). Young men ages 16 to 20 are several times more likely to be in an accident and are penalized with high insurance rates.
  • City traffic equals higher prices – Choosing to live in areas with lower population can save you money when insuring your vehicles. Residents of big cities have congested traffic and much longer commute distances. Lower population means less chance of accidents and a lower car theft rate.

When should I discuss my situation with an agent?

When it comes to choosing proper insurance coverage for your vehicles, there really is no perfect coverage plan. Every situation is different and your policy should reflect that. These are some specific questions may help highlight whether you might need an agent’s assistance.

  • Do I have coverage if my license is suspended?
  • How much liability coverage do I need in my state?
  • Should I get collision insurance on every vehicle?
  • Can I get a multi-policy discount?
  • Are split liability limits better than a combined single limit?
  • What is the rate difference between pleasure use and commuting?
  • Should I buy additional glass protection?
  • Can I make deliveries for my home business?
  • When should I not file a claim?
  • Is there coverage for injuries to my pets?

If you’re not sure about those questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Insurance myths debunked

Respected companies like Progressive, Allstate and GEICO endlessly run ads in print and on television. They all make the point about saving some big amount if you switch your policy. Is it even possible that every company can make almost identical claims? It’s all in how they say it.

Insurance companies give the cheapest rates for the type of insured that earns them the highest profit. A good example of a desirable risk might be a married male, has other policies, and has excellent credit. Any new insured that fits those parameters will qualify for the lowest premium rates and most likely will save if they switch.

Potential insureds who don’t qualify for the requirements will see higher prices with the end result being the driver buying from a lower-cost company. The ads state “people that switch” not “everyone who quotes” save that much money. This is how insurance companies can lure you into getting a quote.

Different companies use different criteria so it’s extremely important to do a rate comparison at every renewal. You cannot predict with any certainty which company will have the lowest rate quotes.

Coverages available on your car insurance policy

Having a good grasp of your car insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverages available from car insurance companies.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance kick in for bills like doctor visits, surgery, prosthetic devices, chiropractic care and X-ray expenses. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is not available in all states and may carry a deductible

Collision coverage – Collision coverage pays to fix your vehicle from damage from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things like crashing into a ditch, colliding with a tree, hitting a parking meter and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Liability – This coverage provides protection from damage that occurs to people or other property. It protects you against other people’s claims. It does not cover damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage pays for claims like emergency aid, legal defense fees and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive coverages – Comprehensive insurance pays for damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things such as vandalism, a tree branch falling on your vehicle and a broken windshield. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as damage to your Kia Niro Plug-In Hybrid.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

A penny earned…

Cost effective 2018 Kia Niro Plug-In Hybrid insurance is possible online as well as from independent agents, and you should compare price quotes from both in order to have the best chance of saving money. Some companies may not offer online price quotes and usually these smaller providers work with local independent agencies.

As you prepare to switch companies, do not buy less coverage just to save a little money. There are many occasions where someone sacrificed comprehensive coverage or liability limits and discovered at claim time that the small savings ended up costing them much more. Your aim should be to purchase plenty of coverage at the lowest possible cost, but do not sacrifice coverage to save money.

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