The Kia Rio, which received a total redesign in 2018, is a simple and practical compact car with decent gas mileage. As the owner of a Kia Rio, you risk getting into any number of mishaps on the road. It’s important that you protect yourself from these risks by carrying adequate car insurance. An independent insurance agent can help you shop for coverage that will meet your needs.
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What Kind of Insurance Do You Need for Your Kia Rio?
Do you know what coverages are available to you? It’s important to understand each type of insurance and what it’s for. Every state has different laws for minimum coverage, so your agent can help you determine what you need. You may want to consider getting above what is required to have full protection.
Most states mandate the following coverage:
Bodily injury liability
Despite doing everything you can to be a careful driver, you may cause an accident at some point. Bodily injury liability coverage reimburses the other driver for medical care and lost wages as a result of your negligence.
Have you ever seen a car run into a fence or mailbox? Property damage liability coverage pays for damage you cause to another person’s property while driving your vehicle.
Many states also require this coverage:
Injuries that you or your passengers sustain in an accident can require costly medical care. This coverage pays for medical treatment and lost wages.
You may be surprised to learn that 13% of drivers don’t have auto insurance! This puts other drivers and you at risk for significant costs resulting from injuries and vehicle damage from an accident you didn’t cause. Uninsured motorist coverage provides reimbursement for these costs. You can also choose to get underinsured motorist coverage, which kicks in when the policy limits of the other driver are insufficient to pay for any losses you sustain.
If you have a collision with another vehicle or object and your vehicle gets damaged, you could face thousands of dollars in repair costs. That’s where collision insurance fits in and protects you from excessive out-of-pocket costs.
There are a number of other incidents that could result in damage to your car. Anything from storms to falling rocks can result in considerable costs for repairs. Comprehensive insurance covers the cost to fix or repair your car in case you experience one of these mishaps.
Glass coverage can be purchased for a very low monthly premium and covers the cost of windshield repair or replacement for little to no cost out of pocket.
If you owe more on your Rio than it’s worth, you’ll want to consider purchasing gap insurance. In a total loss, you would still be responsible for the remaining payments to your lender. Gap insurance covers the difference between what the car is worth and what you owe.
What Affects the Cost of Car Insurance for Your Kia Rio?
The number of miles people drive in a year varies greatly from driver to driver. The more miles you drive, the higher your premiums will be, since being on the road more means a greater chance that an accident will occur.
Do you have a clean driving record? If you’ve had any violations in recent years, you’ll definitely notice higher rates than someone with a clean driving record. If you’re not sure when those violations will fall off, you can ask your independent insurance agent for help.
Your car’s value
The more your car is worth, the higher your premiums will be, since it costs insurance companies more money to repair or replace cars that are valuable. The Kia Rio is a very affordable compact car, so the insurance is pretty affordable.
|Average price of a Kia Rio|
|2016||$8,200 - $9,625|
|2017||$9,675 - $11,175|
|2018||$10,475 - $12,175|
|2019||$12,975 - $13,825|
|2020||$15,850 - $16,790|
The safety of your Kia Rio
Insurance companies will take the safety of your vehicle into consideration when setting premium costs. The Insurance Institute for Highway Safety (IIHS) named the Kia Rio a “Top Safety Pick” for 2019 with almost all good ratings across the board.
Where you live with your Kia Rio
You may be surprised to learn that where you live has an influence on your insurance rates. Drivers who live in more populated areas will generally have higher premiums than those who live in rural towns, due to increased risk for incidents like collisions or theft.
What Is the Average Cost to Insure a Kia Rio?
The cost of your car insurance will vary depending on a variety of factors like age, driving record, etc. The average annual cost for full coverage on a Kia Rio is $1,398. High-risk drivers can expect to pay much more than that because they are riskier to insure.
Which states are most affordable and least affordable for car insurance?
Estimated annual car insurance premiums in the United States:
|Most expensive states:|
|Most affordable states:|
How Can You Save on Kia Rio Car Insurance?
Insurance companies offer plenty of ways to save you money on car insurance, incuding:
Choosing a higher deductible may also help you save money on your monthly premiums.
Top Insurance Companies That Insure the Kia Rio
No two insurance companies are exactly alike, meaning it’s important to select an insurer that fits your needs. The U.S. Independent Insurance Agent Satisfaction Study by J.D. Power awarded the following companies high marks:
Your independent insurance agent will help you shop for coverage and find a company that meets your needs as a driver.
Get a Kia Rio Insurance Quote
There are plenty of perks to working with an independent insurance agent. Your agent will get quotes from top insurance companies, finding you the best rate. Visit TrustedChoice.com to learn more about specific coverages and to find a local agent. An independent agent works for you, so you can get unbiased advice about all your insurance needs.
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naic.org, JD Power, Statista, Consumer Reports, IIHS