Cheap Rate Quotes for Kia Rio Insurance in Irvine

Discount Kia Rio insuranceIt’s a fact that auto insurance companies want to keep your business as long as possible. Consumers who shop around are inclined to buy a different policy because they have good chances of finding a policy with better rates. A recent insurance study revealed that consumers who routinely shopped around saved approximately $72 a month compared to policyholders who never shopped around.

If finding budget-friendly rates on auto insurance in Irvine is your goal, learning how to get rate quotes and compare insurance premiums can make it easier for you to save money.

If you want to find the absolute lowest rates, then the best way to find discount Kia Rio insurance is to start comparing rates regularly from insurers who sell insurance in Irvine.

  1. Take a little time to learn about how companies set rates and the things you can change to keep rates down. Many policy risk factors that drive up the price like tickets, at-fault accidents, and poor credit rating can be rectified by paying attention to minor details. Later in this article we will cover information to keep prices down and earn a bigger discount.
  2. Compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from one company like Progressive or Farmers Insurance, while agents who are independent can give you price quotes for many different companies. View insurance agents
  3. Compare the new rate quotes to the price on your current policy to determine if switching companies saves money. If you find a lower rate and switch companies, ensure there is no coverage lapse between policies.
  4. Provide notification to your current company of your decision to cancel your current policy and submit a completed policy application and payment to your new insurance company. As soon as you can, store the proof of insurance paperwork with the vehicle registration.

The key aspect of shopping around is to try to compare the same level of coverage on every quote request and and to get quotes from as many companies as feasibly possible. Doing this helps ensure the most accurate price comparison and a complete selection of prices.

If you already have coverage, you will most likely be able to reduce premiums using the techniques presented in this article. Quoting more affordable coverage in Irvine is easy if you know what you’re doing. But California consumers must understand the methods companies use to calculate your policy premium because it can help you find the best coverage.

Insurance rate breakdown

The rate table shown next covers a range of coverage prices for Kia Rio models. Learning a little about how insurance prices are figured can aid in making decisions when shopping your coverage around.

Kia Rio Insurance Rates in Irvine, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $276 $464 $654 $38 $196 $1,628 $136
Rio LX $276 $464 $654 $38 $196 $1,628 $136
Rio SX $316 $546 $654 $38 $196 $1,750 $146
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Table data does not factor in the specific area where the vehicle is garaged which can change coverage rates substantially.

Analysis of deductible levels

One common question asked by Irvine drivers is where should you set your physical damage deductibles. The rates below summarize the premium difference when you select higher and lower policy deductibles. The first price estimate table uses a $250 physical damage coverage deductible and the second data table uses a $500 deductible.

Kia Rio insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $298 $576 $500 $30 $150 $1,579 $132
Rio LX $298 $576 $500 $30 $150 $1,579 $132
Rio SX $342 $678 $500 $30 $150 $1,725 $144
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Kia Rio insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $242 $464 $500 $30 $150 $1,386 $116
Rio LX $242 $464 $500 $30 $150 $1,386 $116
Rio SX $278 $546 $500 $30 $150 $1,504 $125
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in specific Irvine garaging location which can impact premium rates noticeably.

Using the data above, we can ascertain that using a $250 deductible would cost the average driver about $17 more each month or $204 each year averaged for all Rio models than selecting the higher $500 deductible. Since you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you average more than 15 months between claim filings, you would probably be better off if you opt for a higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $250 deductibles: $136
Average monthly premium for $500 deductibles (subtract): – $119
Monthly savings from raising deductible: $17
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

The information below illustrates how your deductible choice and can affect Kia Rio annual premium costs for each age group. The data assumes a single male driver, full coverage, and no additional discounts are factored in.

Liability only or full coverage

The chart below visualizes the comparison of Kia Rio premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on no claims, a clean driving record, $250 deductibles, marital status is single, and no other discounts are factored in.

Guidelines for dropping full coverage

There is no specific rule of when to stop paying for full coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s pretend your Kia Rio replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $3,000 after paying your policy deductible. If premiums are more than $300 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are some scenarios where buying only liability insurance is not a good plan. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Lower the Price of Car Insurance with These Tips

When buying car insurance it’s important to understand the factors that come into play when calculating car insurance rates. If you have a feel for what impacts premium levels, this empowers consumers to make smart changes that may result in lower premium levels. Lots of factors are used when you get a price on insurance. A few of the factors are predictable such as your driving history, but other factors are not quite as obvious such as whether you are married or how safe your car is.

Type of car, truck or SUV determines base premiums – The performance level of the vehicle you need insurance for makes a big difference in how high your rates are. The cheapest insurance rates are generally reserved for lower performance four cylinder passenger cars, but many other things help determine your insurance rates.

The following chart assumes a single female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It shows Kia Rio insurance premiums compared to other makes and models that have a range of performances.

Do you really need roadside assistance? – There are a lot of additional coverages that you can get tricked into buying on your car insurance policy. Insurance for things like rental car reimbursement, towing coverage, and extra equipment coverage may be costing you every month. The coverages may be enticing initially, but now you might not need them so consider taking them off your policy.

Alarm systems systems cut car insurance rates – Driving a car with an alarm system can help bring down rates. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent car theft and help bring rates down.

What’s your car’s crash test rating? – Safe vehicles are cheaper to insure. Highly rated vehicles have better occupant injury protection and better occupant protection translates into fewer and smaller insurance claims passed on to you as lower rates. If your Kia earned at least four stars on or an “acceptable” rating on you may pay a lower rate.

Being married can save you money – Your spouse may cut your premiums compared to being single. It means you’re more mature and statistics show married drivers get in fewer accidents.

Are males or females drivers cheaper? – Statistics show that females take fewer risks when driving. However, don’t assume that men are worse drivers. Both genders get in at-fault accidents in similar percentages, but males cause more damage and cost insurance companies more money. They also have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly. Male teenagers have the highest risk to insure and thus pay the highest rates.

The information below illustrates the difference between Kia Rio yearly insurance costs for male and female drivers. The information is based on no claims or violations, full coverage, $100 deductibles, single marital status, and no discounts are taken into consideration.

The higher your credit score the lower your rates – Having a bad credit score will be a significant factor in determining what you pay for car insurance. If your credit could use some work, you could pay less to insure your Kia Rio by taking the time to improve your credit score. Drivers with excellent credit scores tend to file fewer claims and have better driving records as compared to drivers with worse credit.

Insurance loss statistics a Kia Rio – Auto insurance companies include the past claim trends for vehicles as a tool for profitable underwriting. Vehicles that have a higher amount or frequency of claims will cost more to insure.

The data below shows the compiled insurance loss statistics for Kia Rio vehicles. For each coverage category, the claim amount for all vehicles compiled together is represented as 100. Values that are 100 or less indicate a favorable loss history, while values that are 100 or greater indicate more frequent claims or a tendency for losses to be larger than average.

Insurance Loss Ratings for Kia Rio Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Kia Rio 90 109 81 141 158 127

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

More comparisons equals affordable rates

Cheaper Kia Rio insurance in Irvine is available from both online companies as well as from independent agents in Irvine, so you need to quote Irvine auto insurance with both to get a complete price analysis. Some insurance providers do not provide online price quotes and these regional carriers work with local independent agents.

As you quote Irvine auto insurance, it’s not a good idea to skimp on critical coverages to save a buck or two. In many cases, drivers have reduced liability limits or collision coverage to discover at claim time they didn’t purchase enough coverage. The goal is to purchase a proper amount of coverage at the best possible price.

More detailed auto insurance information can be found at these sites: