Save Money on Kia Rio Insurance in Colorado Springs

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Insurance rates Kia Rio in Colorado SpringsIt's an obvious assumption that insurance companies don't want you quoting rates from other companies. Insureds who get comparison quotes once a year are likely to switch car insurance companies because they have a good chance of getting low-cost coverage. A study showed that consumers who did price comparisons regularly saved $70 a month as compared to drivers who didn't regularly shop around.

If finding the best price on Kia Rio insurance is your ultimate target, then learning a little about how to compare insurance coverage can make the process more efficient.

It takes a little time, but the best way to find cheaper quotes for Kia Rio insurance is to compare prices once a year from providers in Colorado Springs.

  • First, take a little time to learn about what is in your policy and the modifications you can make to prevent expensive coverage. Many policy risk factors that result in higher rates such as careless driving and poor credit history can be remedied by paying attention to minor details. Keep reading for ideas to help prevent high rates and get discounts that may be available to you.
  • Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like Progressive and State Farm, while agents who are independent can provide price quotes from multiple insurance companies.
  • Third, compare the new quotes to the price on your current policy and see if there is a cheaper rate in Colorado Springs. If you find a lower rate quote and decide to switch, ensure coverage does not lapse between policies.

An important bit of advice to remember is to try to compare the same physical damage deductibles and liability limits on every price quote and and to compare every company you can. Doing this guarantees an accurate price comparison and a complete price analysis.

Finding affordable car insurance coverage in Colorado Springs is actually quite simple. Practically anyone who is required by state law to have car insurance should be able to lower their premiums. But Colorado vehicle owners must know the methods companies use to calculate their prices and use this information to your advantage.

All the larger car insurance companies give insurance quotes direct online. Getting Kia Rio insurance prices online is fairly straightforward because it's just a matter of typing in the coverages you want as requested by the quote form. When the form is submitted, their quoting system obtains your driving and credit reports and generates pricing information based on these factors.

The ability to get online rates for Kia Rio insurance in Colorado Springs makes it easy to compare insurance prices and it is imperative to have as many quotes as possible if you are searching for lower-cost car insurance pricing.

To quickly compare rates using this form now, consider comparing rates from the companies shown below. If you have a policy now, it's recommended you enter coverages and limits exactly as shown on your declarations page. This ensures you will get an apples-to-apples comparison using the exact same coverages.

The companies shown below are ready to provide price quotes in Colorado. If multiple companies are listed, it's highly recommended you compare several of them in order to get a fair rate comparison.

Kia Rio insurance discounts in Colorado Springs

Insurance can cost an arm and a leg, but you can get discounts that you may not even know about. Many discounts should be triggered when you purchase, but some must be asked about in order for you to get them.Insurance discounts

  • Driving Data Discount - People who choose to allow driving data submission to monitor vehicle usage by using a small device installed in their vehicle such as Progressive's Snapshot might get better premium rates as long as they are good drivers.
  • Good Grades Discount - Getting good grades may save you up to 25%. This discount can apply well after school through age 25.
  • Discount for New Cars - Buying a new car instead of a used Rio can get you a discount since newer vehicles have better safety ratings.
  • Paperless Signup - Some of the larger companies may give you up to $50 get Colorado Springs car insurance on the internet.
  • ABS Braking Discount - Vehicles with ABS and/or traction control can stop better under adverse conditions so you can save 10 percent or more.
  • Student Driver Training - Cut your cost by having your teen driver enroll and complete driver's education in school or through a local driver safety program.
  • Multiple Vehicles - Buying insurance for multiple cars or trucks on one policy can get a discount on all vehicles.
  • Drive Safe and Save - Insureds without accidents can get discounts for up to 45% lower rates than drivers with accident claims.
  • Use Seat Belts - Forcing all vehicle occupants to buckle up could cut 10% or more on the medical payments or PIP coverage costs.

Keep in mind that most credits do not apply to the overall cost of the policy. Some only reduce individual premiums such as medical payments or collision. Just because you may think you could get a free insurance policy, companies don't profit that way.

The information below shows the comparison of Kia Rio insurance rates with and without discounts applied to the rates. The prices are based on a male driver, no claims, a clean driving record, Colorado state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-policy, marriage, multi-car, and claim-free discounts applied.

The best insurance companies and some of the premium reductions they offer can be read below.

  • 21st Century may include discounts for good student, defensive driver, 55 and older, anti-lock brakes, early bird, and homeowners.
  • State Farm may have discounts that include anti-theft, accident-free, multiple autos, multiple policy, good driver, Drive Safe & Save, and safe vehicle.
  • AAA discounts include multi-policy, anti-theft, good driver, education and occupation, and pay-in-full.
  • Liberty Mutual offers discounts including exclusive group savings, new move discount, teen driver discount, multi-policy, and multi-car.
  • Progressive includes discounts for multi-vehicle, continuous coverage, online quote discount, multi-policy, and homeowner.

Before you buy a policy, ask all companies you are considering which discounts can lower your rates. A few discounts might not be available to policyholders in every state. To choose insurance companies who offer free Kia Rio insurance quotes in Colorado, follow this link.

Analysis of coverages

The rate information below outlines different insurance policy prices for Kia Rio models. Learning a little about how insurance policy rates are figured can help guide drivers when making informed decisions when comparing rate quotes.

Kia Rio Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $204 $448 $448 $26 $134 $1,260 $105
Rio LX $204 $448 $448 $26 $134 $1,260 $105
Rio SX $234 $528 $448 $26 $134 $1,370 $114
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Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Price estimates do not factor in vehicle location which can lower or raise premiums substantially.

Policy deductibles

A question often asked by Colorado Springs drivers is where to set your physical damage deductibles. The rates below determine the rate differences between high and low comp and collision deductibles. The first table uses a $250 deductible for comp and collision and the second rate table uses a $500 deductible.

Kia Rio insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $236 $458 $396 $24 $118 $1,257 $105
Rio LX $236 $458 $396 $24 $118 $1,257 $105
Rio SX $272 $538 $396 $24 $118 $1,373 $114
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Kia Rio insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $192 $368 $396 $24 $118 $1,098 $92
Rio LX $192 $368 $396 $24 $118 $1,098 $92
Rio SX $220 $434 $396 $24 $118 $1,192 $99
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Premium amounts do not factor in specific location information which can affect prices significantly.

Using the data above, we can ascertain that using a $250 deductible will cost you approximately $14 more each month or $168 every year than selecting the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you average more than 18 months between claims, you would save money if you elect the higher deductible.

The example below demonstrates how deductible levels and can raise or lower Kia Rio insurance costs for each age group. The premiums assume a married female driver, full coverage, and no other discounts are factored in.

Safe drivers pay less for auto insurance

The illustration below shows how speeding tickets and at-fault accidents can drive up Kia Rio yearly insurance costs for different age groups of insureds. Data assumes a married male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.

Does full coverage make sense?

The chart below illustrates the comparison of Kia Rio yearly insurance costs with and without physical damage coverage. The information is based on no violations or accidents, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

Should you pay for full coverage or liability only?

There is no exact formula of when to stop paying for full coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.

For example, let's pretend your Kia Rio book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $7,000 after you pay the deductible. If it's costing you more than $700 annually for full coverage, then it's probably a good time to buy liability coverage only.

There are some scenarios where dropping full coverage is not a good idea. If you haven't paid off your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not drop full coverage.

The Kia Rio Insurance Premium Equation

Lots of things are used in the calculation when you get a price on insurance. A few of the factors are predictable such as your driving record, but some are more obscure like your vehicle usage or how financially stable you are. One of the most helpful ways to save on insurance is to to have a grasp of some of the factors that go into determining the level of your policy premiums. If you understand what positively or negatively impacts your premiums, this enables informed choices that will entitle you to lower rates.

Extra policy coverages push up premiums - Insurance policies have a lot of extra bells and whistles that may not really be needed when buying insurance. Coverages for roadside assistance, accidental death, and additional equipment coverage may be wasting your money. They may sound like good ideas when talking to your agent, but if you don't need them remove them from your policy.

Your credit history is important - Having a bad credit rating can be a huge factor in determining premium rates. If your credit rating is not that good, you could be paying less to insure your Kia Rio if you clean up your credit. People with good credit tend to be better risks to insure as compared to drivers with lower credit ratings.

Higher rates for high stress employers - Did you know your job can affect your rates? Occupations like military generals, social workers, and miners tend to have the highest average rates in part from intense work requirements and lots of time spent at work. On the flip side, careers like actors, athletes and homemakers receive lower rates.

Better prices on vehicles with better crash test results - Safer cars cost less to insure. Safe vehicles reduce occupant injuries and any reduction in injury severity translates into fewer and smaller insurance claims which can result in lower premiums. If your Kia scored better than four stars on Safercar.gov it may be receiving lower rates.

File claims and pay more - Auto insurance companies in Colorado award the lowest premiums to drivers who do not file claims often. If you're an insured who likes to file claims you can expect higher premiums or even policy non-renewal. Your car insurance is intended to be relied upon for the large, substantial claims.

Save mileage and save money - The higher the mileage driven in a year the higher your rates will be. Almost all companies charge rates based on their usage. Autos used primarily for pleasure use receive better premium rates than those used for commuting. An improperly rated Rio is throwing money out the window. Ask your agent if your insurance coverage properly reflects how each vehicle is driven.

Kia Rio insurance loss statistics - Companies use past loss statistics for each vehicle when they file their rates in each state. Models that statistically have a trend towards higher claim severity or frequency will cost more for specific coverages.

The data below shows the compiled insurance loss statistics for Kia Rio vehicles. For each type of coverage, the statistical loss for all vehicles, regardless of manufacturer or model, is equal to 100. Percentage values below 100 are indicative of better than average losses, while values that are above 100 point to more claims or an increased chance of larger losses than average.

Kia Rio Insurance Loss Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Kia Rio 90 109 81 141 158 127
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years