How Much Does 2006 Kia Rio Insurance Cost?

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: May 12, 2022

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Paying for high-priced Kia Rio insurance can take a big chunk out of your savings account and put the squeeze on your family’s finances. Comparison shopping is free, only takes a few minutes, and is a good way to tighten up your finances.

Consumers have many car insurance companies to pick from, and although it’s a good thing to have multiple companies, it makes it harder to adequately compare rates.

Smart consumers take time to compare rates every six months because prices are constantly changing. Just because you found the best rates for Rio coverage last year you will most likely find a better rate today. There is too much inaccurate information about auto insurance online, so by reading this article, you’re going to learn the easiest ways to put money back in your pocket.

Insurance Prices Online

There are several ways to compare Kia Rio insurance quotes, and some are less labor-intensive and much quicker. You can spend your afternoon driving to agents in your area, or you could save time and use the web to accomplish the same thing much quicker.

Most of the best insurance companies are enrolled in a marketplace where insurance shoppers enter their coverage request one time, and each company can give them a price based on the submitted data. This prevents consumers from doing quote forms to each company.

To fill out one form to compare multiple rates now click here to start a free quote.

The one disadvantage to using this type of form is that you can’t choose which insurance companies you will receive quotes from. So if you want to choose from a list of companies to request quotes from, we put together a list of insurance companies in your area. Click to view list.

However you get your quotes, be sure to compare apples-to-apples coverage limits and deductibles for each price quote. If you enter different limits and deductibles on each one you can’t possibly make a fair comparison for your Kia Rio. Quoting even small variations in coverages may result in large price differences. Just keep in mind that having more price comparisons provides better odds of finding the best price.

Discounts are great for lower rates

Car insurance companies don’t list all their discounts in a way that’s easy to find, so here is a list both the well known and the more hidden discounts you could be receiving.

  • Own a Home – Owning a house may earn you a small savings because of the fact that having a home requires personal responsibility.
  • Discount for Good Grades – A discount for being a good student can get you a discount of up to 25%. This discount can apply well after school through age 25.
  • Passive Restraints – Cars that have air bags can receive discounts of more than 20%.
  • Multi-policy Discount – If you have multiple policies with one company you will save 10% to 20% off each policy.
  • Discount for Swiching Early – Some insurance companies reward drivers for switching policies prior to your current policy expiring. The savings is around 10%.
  • Paperwork-free – A few companies give back up to $50 for buying your policy digitally online.
  • Payment Method – By paying your policy upfront rather than paying monthly you may reduce your total bill.
  • Anti-theft Discount – Vehicles with anti-theft systems are stolen less frequently and earn discounts up to 10%.
  • Discounts for Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates for Rio coverage than less cautious drivers.
  • Multiple Cars – Insuring all your vehicles on one policy may reduce the rate for each vehicle.

It’s important to note that most of the big mark downs will not be given to all coverage premiums. The majority will only reduce specific coverage prices like liability, collision or medical payments. Just because you may think having all the discounts means you get insurance for free, auto insurance companies aren’t that generous.

To see a list of providers with discount auto insurance rates, click here.

You may need specialized coverage

When it comes to choosing proper insurance coverage for your vehicles, there is no perfect coverage plan. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions may help highlight if your situation might need an agent’s assistance.

  • Why am I be forced to buy a membership to get insurance from some companies?
  • What exactly is covered by my policy?
  • What is an SR-22 filing?
  • Are my friends covered when driving my car?
  • Am I covered if I wreck a rental car?
  • Is my custom paint covered by insurance?
  • Is pleasure use cheaper than using my 2006 Kia Rio to commute?
  • Is my nanny covered when driving my vehicle?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

These factors can influence Kia Rio insurance rates

It’s important that you understand the rating factors that help determine the rates you pay for insurance coverage. When you know what positively or negatively controls the rates you pay helps enable you to make changes that can help you get much lower annual insurance costs.

The following are a partial list of the pieces that factor into your rates.

  • Bump up deductibles to save – The deductibles represent how much money you are willing to pay out-of-pocket if you file a covered claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some instances where coverage would apply are colliding with a building, damage from fire, and windstorm damage. The more expense you are required to pay out-of-pocket, the bigger discount you will receive for Rio coverage.
  • Little extras can really add up – There are a ton of add-on coverages that can waste your money when buying insurance coverage. Coverages for personal injury protection, accident forgiveness and additional equipment coverage are some examples. They may seem good when talking to your agent, but now you might not need them so eliminate them to save money.
  • Older drivers save more – Older insureds are more responsible, tend to cause fewer accidents and are safer drivers. Youthful drivers are known to be more careless when behind the wheel and because of this, their insurance coverage rates are much higher.
  • How’s your driving record? – Drivers who don’t get tickets get better rates than people who have multiple driving citations. Even one ticket can bump up the cost twenty percent or more. Drivers who have severe citations such as DUI or reckless driving may need to file a SR-22 to the state department of motor vehicles in order to drive a vehicle legally.

Are insurance coverage companies telling the truth?

State Farm and Allstate regularly use ads in print and on television. All the companies say the same thing of big savings if you move to their company. How do they all make almost identical claims? It’s all in the numbers.

Insurance companies are able to cherry pick for the driver that makes them money. A good example of a desirable insured could possibly be a mature driver, is a homeowner, and chooses high deductibles. Any driver who meets those qualifications gets the lowest rates and as a result will probably save when they switch companies.

Potential insureds who don’t measure up to this ideal profile will be charged higher rates which leads to the customer not buying. Company advertisements say “customers who switch” not “people who quote” save that kind of money. That’s why companies can make those claims. That is why you absolutely need to get as many quotes as possible. It’s not possible to predict the company that will have the lowest Kia Rio insurance rates.

Car insurance policy coverages for a 2006 Kia Rio

Learning about specific coverages of car insurance helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. These are the usual coverages available from car insurance companies.

Coverage for liability

This provides protection from damage that occurs to a person or their property that is your fault. This coverage protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for things like medical services, attorney fees and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for things like X-ray expenses, funeral costs, nursing services, surgery and rehabilitation expenses. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive car insurance

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like vandalism, a broken windshield, theft and damage from getting keyed. The most your car insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

This protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Kia Rio.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Collision insurance

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like hitting a parking meter, crashing into a ditch and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to choose a higher deductible to bring the cost down.

Saving money is sweet as honey

We covered a lot of information how to lower your 2006 Kia Rio insurance rates. The key thing to remember is the more rate quotes you have, the higher your chance of finding lower rates. Consumers could even find that the most savings is with the smaller companies. Some small companies can often insure niche markets at a lower cost compared to the large companies like Allstate, GEICO and Progressive.

As you go through the steps to switch your coverage, never skimp on critical coverages to save a buck or two. There have been many cases where someone dropped physical damage coverage only to discover later that it was a big error on their part. Your aim should be to buy enough coverage for the lowest price while still protecting your assets.

Lower-priced insurance is attainable both online and also from your neighborhood agents, and you should compare price quotes from both to have the best chance of lowering rates. Some car insurance companies may not provide online quoting and these smaller companies work with independent agents.

Even more information is available at these sites:

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