Affordable Kia Rio Insurance in Raleigh

Insurance for Kia RioWhen 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.

Kia Rio Insurance Rates in Raleigh, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $160 $366 $366 $22 $110 $1,024 $85
Rio LX $160 $366 $366 $22 $110 $1,024 $85
Rio SX $184 $432 $366 $22 $110 $1,114 $93
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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.

Kia Rio insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $186 $386 $282 $16 $84 $979 $82
Rio LX $186 $386 $282 $16 $84 $979 $82
Rio SX $214 $456 $282 $16 $84 $1,077 $90
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Kia Rio insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $136 $262 $282 $16 $84 $780 $65
Rio LX $136 $262 $282 $16 $84 $780 $65
Rio SX $156 $308 $282 $16 $84 $846 $71
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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.

How to calculate deductible break even point

Average monthly premium for $100 deductibles: $85
Average monthly premium for $500 deductibles (subtract): – $67
Monthly savings from raising deductible: $18
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $18
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

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 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.

What insurance coverages do I need?

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

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

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.

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