Save Money on Kia Rio Insurance in Laredo

Insurance quote for Kia Rio in LaredoTruthfully, the best way to find discount car insurance rates is to regularly compare quotes from different companies that insure vehicles in Laredo.

Step 1: Get a basic knowledge of how insurance works and the measures you can control to keep rates in check. Many policy risk factors that cause rate increases such as at-fault accidents and a bad credit score can be improved by making minor driving habit or lifestyle changes. Read the full article for additional tips to prevent expensive rate increases and get additional discounts that may be available.

Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from a single company like Progressive and State Farm, while agents who are independent can quote prices from multiple insurance companies.

Step 3: Compare the new quotes to the price on your current policy to determine if switching companies saves money. If you find a better price and switch companies, make sure there is no coverage gap between policies.

Step 4: Notify your agent or company of your intention to cancel your current car insurance policy and submit a completed application and payment for the new policy. Immediately safely store the certificate verifying coverage in an accessible location in your vehicle.

The most important part of shopping around is to try to use the same coverage limits and deductibles on every quote and and to get price estimates from as many different companies as possible. This guarantees a level playing field and a thorough price selection.

It’s safe to conclude that auto insurance companies want to prevent you from shopping around. People who get comparison quotes at least once a year are inclined to switch to a new company because there is a good chance of finding a lower-cost company. A recent auto insurance study revealed that people who routinely compared rates saved on average $3,450 over four years compared to people who don’t make a habit of comparing rates.

If finding the cheapest price for auto insurance in Laredo is your objective, then having a good understanding how to quote prices and compare insurance premiums can help simplify the process.

The easiest way to compare policy rates for Kia Rio insurance in Laredo takes advantage of the fact most insurance companies allow for online access to compare their rates. To get started, all you need to do is give them some information like how much coverage you want, the make and model of your vehicles, types of safety features, and how much education you have. That rating data is submitted instantly to multiple companies and you get price estimates quickly.

If you wish to get multiple quotes for your Kia Rio now, click here and complete the form.

The companies shown below are ready to provide free rate quotes in Texas. To buy the best cheap car insurance in Laredo, we recommend you get prices from several of them in order to get a fair rate comparison.

Get cheaper Kia Rio insurance rates in Laredo

Car insurance is not an enjoyable expense, but you might already qualify for some discounts to help bring down the price. Some trigger automatically at the time of purchase, but less common discounts must be manually applied before being credited.Car insurance discounts

You should keep in mind that most of the big mark downs will not be given to all coverage premiums. Most cut specific coverage prices like comp or med pay. So even though you would think it’s possible to get free car insurance, it’s just not the way it works. Any qualifying discounts will help lower your policy premium.

The example below compares Kia Rio premium costs with and without discounts. The costs are based on a male driver, no accidents or driving violations, Texas state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, claim-free, safe-driver, multi-policy, and marriage discounts applied.

A few of the larger companies and a summarized list of policyholder discounts are outlined below.

If you want the cheapest Kia Rio rate quotes, ask each insurance company which credits you are entitled to. Some credits might not be offered in your state. To choose providers with the best Kia Rio insurance discounts in Laredo, click this link.

Kia Rio insurance statistics and information

The premium information displayed next covers detailed analysis of insurance rates for Kia Rio models. Having insight into how insurance rates are determined is important to be able to make informed coverage decisions.

Kia Rio Insurance Rates in Laredo, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $200 $422 $414 $24 $124 $1,184 $99
Rio LX $200 $422 $414 $24 $124 $1,184 $99
Rio SX $230 $496 $414 $24 $124 $1,288 $107
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Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Prices do not factor in specific garaging location which can impact coverage prices considerably.

Raise deductibles and save

One common question asked by Laredo drivers is how high or low should comp and collision deductibles be. The rates below may help to illustrate the cost difference between low and high deductibles. The first rate table uses a $100 deductible for comp and collision and the second set of prices uses a $500 deductible.

Kia Rio insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $286 $592 $430 $26 $128 $1,487 $124
Rio LX $286 $592 $430 $26 $128 $1,487 $124
Rio SX $328 $698 $430 $26 $128 $1,635 $136
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Kia Rio insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $208 $400 $430 $26 $128 $1,192 $99
Rio LX $208 $400 $430 $26 $128 $1,192 $99
Rio SX $240 $472 $430 $26 $128 $1,296 $108
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Premium costs do not factor in zip code location which can affect premium rates substantially.

Based on the figures above, using a $100 deductible costs about $26 more each month or $312 for a full year than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally average at least 15 months between claims, you would most likely save money by selecting a higher deductible.

Calculation for determining deductible levels

Average monthly premium for $100 deductibles: $128
Average monthly premium for $500 deductibles (subtract): – $102
Monthly savings from raising deductible: $26
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One big caveat is that raising deductibles to save money means you will have to pay more when you do file a claim. You should have enough savings in the event you need to pay the deductible.

Laredo Insurance Costs are Influenced by These Factors

A large part of saving on insurance is knowing some of the elements that aid in calculating insurance rates. When consumers understand what influences your rates, this enables informed choices that could result in lower rates. Many things are used when you get your auto insurance bill. Most are fairly basic such as traffic violations, although others are not quite as obvious such as whether you are married or your financial responsibility.

Credit rating impact insurance prices – Credit score is a large factor in calculating your premium rate. If your credit rating is not that good, you could potentially save money when insuring your Kia Rio by repairing your credit. Insureds with very good credit scores tend to file fewer claims as compared to drivers with lower ratings.

Combine policies to earn discounts – The majority of insurance companies allow better rates to customers who have multiple policies with them such as combining an auto and homeowners policy. This can amount to ten percent or more. Even with this discount, you still need to get quotes from other companies to confirm you are receiving the best rates possible.There is a chance you can save more without the discount by insuring with multiple companies.

Avoid traffic tickets – Whether or not you get tickets impacts your car insurance rates tremendously. Even one chargeable violation can increase the cost of insurance twenty percent or more. Drivers with clean records pay lower auto insurance prices than bad drivers. Drivers unfortunate enough to have license-revoking tickets such as reckless driving, hit and run or driving under the influence are required to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to legally drive.

The chart below demonstrates how speeding tickets and fender-benders can increase Kia Rio insurance premiums for different insured age categories. The rates are based on a married male driver, comp and collision included, $250 deductibles, and no policy discounts are applied.

Remove unneeded extra coverages – Policies have extra bells and whistles that you can buy but may not be useful. Things like personal injury protection, accidental death, and extra life insurance coverage could be just wasting money. These coverages may sound good when you first buy your policy, but your needs may have changed so consider taking them off your policy.

Location can influence price – Being located in less populated areas of the country is a positive aspect when trying to find low car insurance rates. Drivers in populated areas have to deal with more aggressive driving styles and much longer commute distances. Less people living in that area means reduced accidents in addition to fewer liability claims.

What type of car, truck or SUV do you drive? – The type of car you own makes a significant difference in your rates. Small economy passenger vehicles generally have the cheapest insurance rates, but the final cost of insurance is determined by many other factors.

The data below assumes a single female driver age 40, full coverage with $500 deductibles, and no discounts or violations. The data compares Kia Rio insurance premiums compared to other makes and models that have different performance rating factors.

Premiums are high for teenagers – Drivers with little experience are known to get distracted easily with other occupants in the car so insurance rates are higher. Older people tend to be more responsible, cause fewer claims and accidents, and usually have better credit.

The following chart uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Insurance loss data for Kia Rio vehicles – Insurers take into consideration historical loss data for every vehicle to calculate a price that will offset any claims. Vehicles that have higher frequency or amount of claims will have higher rates for specific coverages. The next table shows the compiled insurance loss statistics for Kia Rio vehicles.

For each coverage category, the claim probability for all vehicles averaged together equals 100. Percentage numbers below 100 indicate better than average losses, while values that are 100 or greater indicate more frequent losses or an increased probability of a larger loss.

Car Insurance Loss Data for Kia Rio Models
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

Buying from insurance agents

Some people still like to sit down with an agent and that is recommended in a lot of cases Most agents are trained risk managers and help in the event of a claim. The biggest benefit of price shopping on the web is the fact that drivers can get lower rates and still have an agent to talk to.

Insurance agents in LaredoBy using this simple form, your insurance coverage information is instantly submitted to participating agents in Laredo who will give you bids for your insurance coverage. You don’t have to do any legwork because quoted prices will be sent to the email address you provide. If for some reason you want to get a price quote from a specific company, you just need to search and find their rate quote page and submit a quote form there.

Finding the right insurance company is decision based upon more than just the bottom line cost. Any agent in Laredo should have no problem answering these questions:

Your car insurance coverage should be tailored to you

Keep in mind that when it comes to choosing insurance from an agent or online, there is no one-size-fits-all type of policy. Your situation is unique.Car insurance savings

For instance, these questions might help in determining if your insurance needs will benefit from professional help.

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Ratings for Laredo car insurance companies

Choosing the right insurance provider is hard considering how many choices you have in Laredo. The ranking data in the lists below may help you decide which companies to look at when comparing rate quotes.

Top 10 Laredo 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

In Summary

Cheaper car insurance in Laredo can be found both online and with local Laredo insurance agents, so you should compare both in order to have the best price selection to choose from. There are still a few companies who don’t offer online rate quotes and most of the time these regional carriers only sell through independent agents.

Insureds switch companies for a number of reasons such as unfair underwriting practices, high prices, denial of a claim or even extreme rates for teen drivers. It doesn’t matter why you want to switch switching car insurance companies can be less work than you think.

We just showed you quite a bit of information on how to reduce Kia Rio insurance prices online in Laredo. The key thing to remember is the more companies you get rates for, the better your chances of lowering your rates. You may even find the most savings is with an unexpected company.

Additional information is located at the links below