Affordable Kia Rio Insurance in Raleigh

When searching for cheaper insurance, are you baffled by the number of auto insurance sources in your area? There are so many choices that it can really be a chore to find better premium rates for Kia Rio insurance in Raleigh. If you’ve ever been there, you know that Raleigh has many things to offer, but high auto insurance premiums can make it difficult for lots of drivers to afford coverage.

Surprisingly, a recent survey revealed that almost 70% of drivers in North Carolina kept their policy with the same company for a minimum of four years, and practically 40% of auto insurance customers have never taken the time to shop around. Most drivers in America could save nearly $859 each year just by comparing rates, but they don’t believe how much savings they would realize if they switched.

The intent of this article is to help you learn how car insurance quotes work and some tips to save money. If you currently have a car insurance policy, you will most likely be able to buy cheaper auto insurance using this strategy. Although North Carolina drivers can benefit by having an understanding of the way companies sell online and use this information to your advantage.

Compare Raleigh Kia Rio insurance quotes

Keep in mind that comparing all the rates in your area will improve the odds of getting the best price.

The companies in the list below are ready to provide price quotes in Raleigh, NC. If you want the best car insurance in North Carolina, we suggest you visit as many as you can in order to find the most competitive rates.

Kia Rio insurance coverage information

The rate information displayed next highlights different insurance prices for Kia Rio models. Having insight into how insurance quotes are figured can assist in making decisions on the best policy coverages.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate quotes do not factor in specific location which can revise price quotes greatly.

Higher deductibles lower rates

A question often asked by Raleigh drivers is how low should you set your deductibles. The comparison tables below can help illustrate the price difference when you choose different coverage deductibles. The first rate comparisons uses a $100 deductible and the second price table uses a $500 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Price estimates do not factor in specific location information which can revise rates considerably.

Based on this data, using a $100 deductible could cost the average driver approximately $18 more each month or $216 for a full year than selecting the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you average more than 22 months between claims, you would probably come out ahead if you decide on a higher deductible.

One important note is that raising deductibles to save money means you will have to pay more when you file a claim. You need some money saved in the event you have to pay the higher deductible in order to repair your vehicle.

Gender differences in insurance premiums

The chart below shows the comparison of Kia Rio premium costs for male and female drivers. The data assumes no driving violations, no at-fault accidents, comp and collision included, $250 deductibles, marital status is single, and no policy discounts are applied.

It may be expensive, but it’s not optional

Despite the high insurance cost for a Kia Rio in Raleigh, buying insurance may be required for several reasons.

• The majority of states have compulsory liability insurance requirements which means you are required to carry a specific level of liability insurance if you drive a vehicle. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your vehicle has a loan, almost all lenders will require you to have physical damage coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the lender may have to buy a policy to insure your Kia at a much higher rate and force you to pay for it.
• Insurance preserves both your assets and your Kia. It also can pay for medical bills that are the result of an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit in the event you are sued. If your car is damaged in a storm or accident, your insurance policy will pay to restore your vehicle to like-new condition.

The benefits of carrying enough insurance are definitely more than the cost, particularly when you have a large claim. An average driver in America is currently overpaying as much as $850 per year so it’s recommended you shop around at least once a year to ensure rates are inline.

The Kia Rio Insurance Premium Equation

The best way to find cheaper auto insurance is to take a look at some of the factors that come into play when calculating your premiums. If you have a feel for what determines base rates, this allows you to make educated decisions that could help you find cheaper rates. Lots of factors are considered when pricing auto insurance. Some factors are common sense like a motor vehicle report, although some other factors are less obvious such as your credit history or your commute time.

• Deter theft and save money – Purchasing a vehicle that has a built-in theft deterrent system can save you a little every year. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping vehicle theft.

• Tickets cost more than a fine – Your driving record has a huge affect on how much you pay. Drivers with clean records get better prices than bad drivers. Just one speeding ticket or other violation can increase the cost of insurance by twenty percent. Drivers who have gotten severe violations such as DUI or willful reckless driving may be required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to prevent their license from being revoked.

  The chart below demonstrates how speeding tickets and at-fault accidents can increase Kia Rio insurance prices for each age group. The price estimates are based on a married female driver, full coverage, $250 deductibles, and no additional discounts are factored in.

• Poor credit score equals high prices – An insured’s credit score will be a significant factor in determining what you pay. Insureds with excellent credit scores tend to be more responsible as compared to drivers with poor credit. Therefore, if your credit score could use some work, you could be paying less to insure your Kia Rio if you clean up your credit.

• What type of car, truck or SUV do you drive? – The performance level of the car, truck or SUV you need insurance for makes a substantial difference in your rates. The best insurance prices are generally reserved for the lowest performance passenger models, but other factors influence the final cost greatly.

  The following chart is based on a single male driver age 30, full coverage with $1000 deductibles, and no discounts or violations. It shows Kia Rio rates compared to other models that have a range of performances.

• Marriage can lower premiums – Walking down the aisle can actually save you money on your auto insurance policy. It translates into being less irresponsible and it’s proven that being married results in fewer claims.
• Liability preserves assets – Your auto insurance policy’s liability coverage will protect you if a court rules you are at fault for causing personal injury or damage in an accident. It will provide legal defense coverage to defend your case. It is affordable coverage when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.
• Lower stress equals lower prices – Do you have a high-stress occupation? Jobs such as doctors, business owners, and accountants generally have higher rates than the rest of us due to job stress and lots of time spent at work. On the other hand, careers such as professors, athletes and retirees pay lower than average rates.
• Drive a safer car and pay less – Vehicles that have high safety ratings tend to be cheaper to insure. These vehicles help reduce the chance of injuries in an accident and any reduction in injury severity translates directly to fewer claims passed on to you as lower rates.

• Claims statistics for a Kia Rio – Insurance companies take into consideration insurance loss statistics for every vehicle to calculate a rate that will offset any claims. Models that the data determines to have a trend towards higher claims will cost more for specific coverages.

  The next table shows the actual insurance loss data for Kia Rio vehicles. For each coverage category, the claim probability for all vehicles, without regard to make or model, is represented as 100. Values that are under 100 indicate a favorable loss history, while values that are above 100 indicate more frequent losses or tendency to have higher losses.

  
  

  Kia Rio Insurance Claim Statistics

  Specific Kia Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Kia Rio	90	109	81	141	158	127

  BETTER

  AVERAGE

  WORSE

  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

What insurance coverages do I need?

When selecting adequate coverage, there really is no “best” method to buy coverage. Everyone’s situation is unique.

Here are some questions about coverages that could help you determine if your situation would benefit from an agent’s advice.

• Am I covered if I crash into my own garage door?
• What can I do if my company denied a claim?
• Is my Kia Rio covered for smoke damage?
• Who is covered when they drive my Kia Rio?
• Why is insurance for a teen driver so high in Raleigh?
• Am I covered when using my vehicle for business?
• What exactly is covered by my policy?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed agent. If you don’t have a local agent, simply complete this short form.

Which auto insurance company is best in North Carolina?

Buying coverage from the right auto insurance provider can be rather challenging considering how many companies provide coverage in North Carolina. The company ratings displayed below may help you analyze which coverage providers you want to consider when comparing rates.

Top 10 Raleigh Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Top 10 Raleigh Car Insurance Companies Ranked by Value

1. Mercury Insurance
2. Travelers
3. American Family
4. AAA Insurance
5. Safeco Insurance
6. Progressive
7. The Hartford
8. The General
9. 21st Century
10. Esurance

More effort can pay off

We just showed you many ways to compare Kia Rio insurance rates in Raleigh. The key thing to remember is the more times you quote, the higher the chance of saving money. Consumers may even find the biggest savings come from the least-expected company.

When shopping online for insurance, do not buy poor coverage just to save money. In many instances, someone dropped comprehensive coverage or liability limits only to discover later that the few dollars in savings costed them thousands. The aim is to buy enough coverage for the lowest price.

A few companies do not offer internet price quotes and many times these small insurance companies only sell through independent insurance agencies. Discount Kia Rio insurance can be found both online as well as from insurance agents, and you should compare rates from both so you have a total pricing picture.

How to find affordable Kia Rio insurance in Raleigh

Really, the only way to find lower priced car insurance rates in Raleigh is to do a yearly price comparison from companies who provide car insurance in North Carolina. Prices can be compared by following these guidelines.

1. Spend a few minutes and learn about auto insurance and the steps you can take to lower rates. Many risk factors that are responsible for high rates like traffic violations and a poor credit rating can be remedied by making minor driving habit or lifestyle changes.
2. Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like Progressive or State Farm, while independent agencies can quote prices from multiple sources. Select a company
3. Compare the new rate quotes to your current policy premium to see if a cheaper price is available in Raleigh. If you can save some money and switch companies, make sure coverage does not lapse between policies.
4. Provide notification to your current company of your intention to cancel the current policy and submit the required down payment along with the signed application for the new coverage. Immediately keep the new certificate verifying coverage in an easily accessible location in your vehicle.

One important bit of advice is to compare the same coverage limits and deductibles on each price quote and and to compare as many companies as feasibly possible. This provides a fair rate comparison and the best price selection.

Additional information can be found below:

• Preventing Carjacking and Theft (Insurance Information Institute)
• How Much are Auto Insurance Quotes for a Honda CR-V in Raleigh? (FAQ)
• Who Has the Cheapest Auto Insurance for a Honda Accord in Raleigh? (FAQ)
• Who Has the Cheapest Raleigh Auto Insurance Rates for Teachers? (FAQ)
• Who Has Affordable Auto Insurance for College Students in Raleigh? (FAQ)
• Eight Auto Insurance Myths (Insurance Information Institute)
• Older Drivers FAQ (iihs.org)
• Red Light Cameras (State Farm)