If you want to find the absolute lowest rates, then the best way to find lower priced Kia Rio insurance is to compare quotes once a year from providers who provide auto insurance in Virginia Beach.
First, try to learn a little about how companies set rates and the things you can change to prevent high rates. Many policy risk factors that result in higher prices such as your driving record and a not-so-good credit history can be controlled by paying attention to minor details. This article gives tips to lower rates and get additional discounts that may be available.
Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like GEICO or Allstate, while independent agents can provide rate quotes from multiple sources.
Third, compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you find better rates and make a switch, make sure there is no lapse in coverage.
Fourth, give notification to your agent or company to cancel your current auto insurance policy. Submit a completed policy application and payment to the newly selected company. Make sure you place your new proof of insurance certificate along with the vehicle’s registration papers.
An important part of this process is to try to compare identical coverages on every quote and and to get rate quotes from as many companies as you can. Doing this guarantees a fair rate comparison and the best price selection.
It’s safe to assume that car insurance companies don’t want you shop around. Insureds who compare other prices will presumably switch insurance companies because of the good chance of finding lower rate quotes. A study discovered that consumers who made a habit of comparing rate quotes saved about $3,450 over four years as compared to drivers who didn’t regularly shop around.
If saving money on Kia Rio insurance in Virginia Beach is your objective, then having an understanding of how to quote and compare car insurance can save time and money.
Rate information and statistics
The table shown below showcases different insurance coverage prices for Kia Rio models. Having a better idea how rate quotes are calculated can help customers make decisions when shopping around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Rate quotes do not factor in vehicle location which can impact insurance rates significantly.
The chart below highlights how deductible selection and can change Kia Rio insurance premiums for different insured age categories. The premiums are based on a single male driver, full coverage, and no discounts are factored in.
Violations and accidents raise rates
The diagram below demonstrates how speeding tickets and accident claims influence Kia Rio premium costs for different age categories. The data is based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.
Men versus women drivers and insurance cost
The chart below illustrates the comparison of Kia Rio insurance prices for male and female drivers. The premiums assume no violations or accidents, comprehensive and collision coverage, $500 deductibles, single marital status, and no additional discounts are factored in.
Car insurance coverage specifics
Knowing the specifics of your car insurance policy aids in choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.
Coverage for liability
Liability coverage protects you from injuries or damage you cause to people or other property. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/20 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $20,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage protects against claims like loss of income, attorney fees, medical services, repair bills for other people’s vehicles and emergency aid. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible. Virginia requires drivers to carry at least 25/50/20 but you should think about purchasing better liability coverage.
The illustration below shows why the minimum limit may not be enough.
Medical expense coverage
Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as pain medications, rehabilitation expenses, hospital visits, X-ray expenses and prosthetic devices. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Uninsured or underinsured coverage
This gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family and damage to your Kia Rio.
Since many Virginia drivers carry very low liability coverage limits (25/50/20), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually these coverages are set the same as your liability limits.
Collision coverage pays to fix your vehicle from damage caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.
Collision can pay for claims such as hitting a mailbox, scraping a guard rail, rolling your car, backing into a parked car and crashing into a ditch. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible on your Rio in order to get cheaper collision rates.
This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as a tree branch falling on your vehicle, damage from a tornado or hurricane, fire damage and vandalism. The highest amount your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Persistence is the key to affordable rates
Budget-conscious Kia Rio insurance is possible on the web in addition to many Virginia Beach insurance agents, and you should be comparing both to get a complete price analysis. Some insurance providers may not offer online quoting and many times these small, regional companies provide coverage only through independent insurance agents.
Drivers change insurance companies for many reasons like high prices, delays in paying claims, extreme rates for teen drivers and poor customer service. It doesn’t matter what your reason, finding a new company is not as hard as you think.
As you prepare to switch companies, do not skimp on critical coverages to save a buck or two. In many instances, consumers will sacrifice full coverage and learned later that it was a big error on their part. The aim is to purchase plenty of coverage at an affordable rate, but do not sacrifice coverage to save money.
More detailed car insurance information is located in the articles below:
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
- What is the Cheapest Auto Insurance in Virginia? (FAQ)
- Who Has Cheap Car Insurance for a GMC Sierra in Virginia Beach? (FAQ)
- Who Has Affordable Virginia Beach Auto Insurance for 16 Year Olds? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Safe Drivers in Virginia Beach? (FAQ)
- How Much is Car Insurance for Teenage Females in Virginia Beach? (FAQ)
- How Much are Virginia Beach Auto Insurance Rates for Retired Military? (FAQ)
- Reducing Your Risks in a Car Crash Video (iihs.org)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- Help Your Teen Be a Better Driver (State Farm)