Cheapest 2002 Kia Rio Insurance Rates in 2023
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UPDATED: Sep 2, 2022
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Finding affordable car insurance can be hard for people who are new to comparing rates online. Drivers have so many options available that it can be a big hassle to find the best price.
Choosing the best insurance company for you is quite easy. In a nutshell, anyone who carries auto insurance stands a good chance to be able to find lower rates. But drivers must learn how the larger insurance companies market on the web.
These factors can influence what you pay for Kia Rio insurance
It’s important that you understand some of the elements that play a part in calculating the price you pay for insurance. Knowing what determines base rates enables informed choices that may reward you with lower insurance prices.
- Add-on coverages can add up – There are a ton of additional coverages you can purchase if you aren’t careful. Coverages like vanishing deductibles, better glass coverage and term life insurance are examples of these. They may seem good when you first buy your policy, but if they’re wasting money get rid of them and save.
- Protect yourself with liability coverage – Your policy’s liability coverage provides coverage if ever you are found to be at fault for personal injury or accident damage. It provides for a legal defense starting from day one. This coverage is very inexpensive as compared to coverage for physical damage, so buy as much as you can afford.
- One company can mean more discounts – The majority of insurance companies will award you with lower prices to people who consolidate policies with them such as combining an auto and homeowners policy. This can amount to 10 percent or more. Even though this discount sounds good, you still need to comparison shop to confirm you are receiving the best rates possible.
- Pleasure use saves money – The higher the mileage driven in a year’s time the higher your rates will be. Most insurance companies rate vehicles based on their usage. Autos used primarily for pleasure use qualify for better rates than vehicles that are driven to work every day. Having the wrong rating on your Rio can result in significantly higher rates. Double check that your insurance declarations sheet properly reflects the correct usage for each vehicle.
- Car features impact rates – Owning a car with anti-theft technology or alarm system can get you a discount on your insurance. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your car from being stolen.
- Men are more aggressive – The statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. Women and men tend to get into accidents at a similar rate, but the males cause more damage. They also get cited for more serious violations like DUI and reckless driving. Young males tend to get in the most accidents and therefore are the most expensive to insure.
Auto Insurance Comparison Rates
When shopping for auto insurance there are multiple ways of comparing rate quotes from different insurance companies. By far the easiest way to find the lowest 2002 Kia Rio rates is to use the internet to compare rates. It is quite easy and can be accomplished in just a few minutes using one of these methods.
- The single most time-saving way to find low rates would be an industry-wide quote request form (click to open form in new window). This easy form keeps you from doing repetitive form entry for each company you want a rate for. One form submission will get you rate comparisons from several companies. It’s the fastest way to compare.
- A more difficult way to get comparison quotes requires a visit to the website for every company you want to comare and complete a new quote form. For examples sake, let’s assume you want comparison quotes from USAA, 21st Century and State Farm. To get rate quotes you would need to spend time on each company’s site and enter your information, which is why most consumers use the first method.
For a list of links to insurance companies in your area, click here.
However you get your quotes, make absolute certain that you use identical coverage limits with each company. If the quotes have different deductibles you can’t possibly decipher which rate is best. Having just a slight variation in insurance coverages may result in large price differences. Keep in mind that getting more free quotes helps you find the best offered rates.
Don’t listen to company ads
GEICO, State Farm and Progressive regularly use ads on television and other media. All the companies have a common claim that you’ll save big if you move to them. How does each company claim to save you money? This is how they do it.
Different companies have a certain “appetite” for the driver they prefer to insure. A good example of a desirable insured could be between the ages of 40 and 55, has no prior claims, and drives less than 7,500 miles a year. A customer who fits that profile will get the preferred rates and is almost guaranteed to save when they switch companies.
Consumers who fall outside these standards will have to pay a higher premium which usually ends up with the driver buying from a lower-cost company. The ads state “drivers who switch” not “everybody who quotes” save that much. That is how insurance companies can confidently claim big savings. Because of the profiling, you need to compare many company’s rates. Because you never know which insurance companies will provide you with the cheapest Kia Rio insurance rates.
Cut prices on 2002 Kia Rio insurance
Companies that sell car insurance do not list all available discounts very clearly, so we researched some of the more common as well as the least known ways to save on insurance coverage.
- One Accident Forgiven – A handful of insurance companies allow you one accident before hitting you with a surcharge if you are claim-free for a certain period of time.
- Theft Prevention Discount – Vehicles with anti-theft systems can help prevent theft and earn discounts up to 10%.
- Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
- Own a Home – Owning a home may earn you a small savings because owning a home is proof that your finances are in order.
- Save with a New Car – Buying coverage on a new vehicle can save up to 30% compared to insuring an older model.
- Seat Belt Usage – Drivers who require all occupants to wear their seat belts could cut 10% or more off the personal injury premium cost.
- Resident Student – Children living away from home attending college without a vehicle on campus can be insured at a reduced rate.
Drivers should understand that most discount credits are not given to the entire policy premium. Some only apply to the cost of specific coverages such as liability and collision coverage. Just because you may think you can get free auto insurance, companies don’t profit that way.
Insurance companies that possibly offer these benefits are:
Before buying, ask every prospective company which discounts you may be entitled to. Some discounts might not apply in your state.
Tailor your coverage to you
When buying adequate coverage, there really is not a “best” method to buy coverage. Everyone’s situation is unique.
Here are some questions about coverages that might help in determining whether or not you might need professional guidance.
- When do I need to add a new car to my policy?
- Do I have any recourse if my insurance company denies a claim?
- When does my teenage driver need to be added to my policy?
- Is my ex-spouse still covered by my policy?
- Are split liability limits better than a combined single limit?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- Can I get a multi-policy discount for packaging my home and auto coverage?
- When would I need additional glass coverage?
- When should I not file a claim?
If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form.
Learning about specific coverages of insurance can be of help when determining the best coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring.
Comprehensive auto coverage – This coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims such as a broken windshield, damage from a tornado or hurricane, fire damage, falling objects and rock chips in glass. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.
Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for surgery, X-ray expenses and nursing services. They can be utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states and may carry a deductible
Liability car insurance – Liability insurance protects you from damages or injuries you inflict on other people or property. It protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000.
Liability can pay for things such as attorney fees, emergency aid, pain and suffering, bail bonds and funeral expenses. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.
Collision coverage – This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.
Collision can pay for claims like sustaining damage from a pot hole, hitting a mailbox and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your 2002 Kia Rio.
Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Keep this in mind
The cheapest 2002 Kia Rio insurance is attainable online and with local insurance agents, and you need to price shop both in order to have the best chance of saving money. There are still a few companies who do not offer online price quotes and these smaller companies work with independent agents.
While you’re price shopping online, make sure you don’t skimp on critical coverages to save a buck or two. There have been many situations where consumers will sacrifice full coverage and discovered at claim time that the small savings ended up costing them much more. The aim is to purchase plenty of coverage at the best price.
Insureds who switch companies do it for a variety of reasons including unfair underwriting practices, lack of trust in their agent, denial of a claim or policy non-renewal. It doesn’t matter what your reason, finding a great new company is pretty simple and you could end up saving a buck or two.
For more information, feel free to visit the following helpful articles:
- Medical Payments Coverage (Liberty Mutual)
- Vehicle Insurance in the U.S. (Wikipedia)
- Frontal Crash Tests (iihs.org)
- Auto Insurance Learning Center (State Farm)
- No-Fault Auto Insurance Statistics (Insurance Information Insitute)
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