No one in their right mind looks forward to paying for insurance, particularly when the cost is way too high. Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate increase brand awareness with ad campaigns and it can be hard to ignore the flashy ads and do the work needed to find the best deal.
Auto insurance companies don’t always list all their discounts in an easy-to-find place, so the following is a list of both well-publicized as well as the least known ways to save on auto insurance. If they aren’t giving you every credit available, you’re paying more than you need to.
Keep in mind that some credits don’t apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as comp or med pay. Just because you may think all those discounts means the company will pay you, auto insurance companies aren’t that generous.
Insurance companies that may offer these money-saving discounts may include but are not limited to:
Before buying, ask every prospective company which discounts you may be entitled to. All car insurance discounts may not be available in every state.
There are a lot of ways to compare insurance quotes, but one way is less labor-intensive and much quicker. You can waste a few hours (or days) discussing policy coverages with insurance companies in your area, or you can stay home and use online quoting to get rate comparisons in just a few minutes.
Many of the larger companies are enrolled in a marketplace where insurance shoppers send in one quote, and every company returns a competitive quote based on the submitted data. This eliminates the need for quotation requests to each individual insurance company.
To use this form to compare 2012 Kia Rio insurance rates click here to start a free quote.
The one downside to getting quotes like this is buyers cannot specifically choose the insurers you will receive quotes from. So if you prefer to choose from a list of companies to compare, we have a page of low cost insurance companies in your area. Click to view list.
Whichever way you use, ensure you’re using the exact same coverage limits for each price quote. If your comparisons have unequal deductibles or liability limits it’s impossible to decipher which rate is best.
When it comes to choosing adequate coverage for your personal vehicles, there isn’t really a one size fits all plan. Every situation is different so your insurance needs to address that. For example, these questions can help discover whether your personal situation may require specific advice.
If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and you can get the answers you need.
Knowing the specifics of your auto insurance policy helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. These are typical coverages offered by auto insurance companies.
Collision coverage – This will pay to fix damage to your Rio resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things like sideswiping another vehicle, damaging your car on a curb, crashing into a building, sustaining damage from a pot hole and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to bring the cost down.
Medical expense insurance – Med pay and PIP coverage provide coverage for short-term medical expenses like pain medications, chiropractic care and surgery. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP is not available in all states but can be used in place of medical payments coverage
Comprehensive (Other than Collision) – This coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things such as damage from getting keyed, a tree branch falling on your vehicle and vandalism. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Liability coverages – This will cover damage or injury you incur to people or other property that is your fault. This insurance protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.
Liability coverage pays for claims like bail bonds, pain and suffering and funeral expenses. How much coverage you buy is up to you, but consider buying as high a limit as you can afford.
Protection from uninsured/underinsured drivers – This gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Kia Rio.
Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.
As you restructure your insurance plan, make sure you don’t reduce coverage to reduce premium. Too many times, someone dropped uninsured motorist or liability limits only to find out they didn’t have enough coverage. The aim is to purchase a proper amount of coverage at an affordable rate, not the least amount of coverage.
We’ve covered many tips how you can get a better price on 2012 Kia Rio insurance. The key thing to remember is the more providers you compare, the higher the chance of saving money. You may be surprised to find that the most savings is with an unexpected company. These smaller insurers may have significantly lower rates on certain market segments than the large multi-state companies such as Progressive and GEICO.