Save Money on Kia Rio Insurance in Los Angeles

Have you fallen victim to high-priced Kia Rio insurance in Los Angeles? Say no more because many Los Angeles consumers feel financially strained by their auto insurance policy.

It’s a fact that insurance companies don’t want their customers to go rate shopping. People who compare other rates are highly likely to buy a different policy because there is a high probability of finding a lower-priced company. A recent survey found that people who make a habit of shopping around saved $3,400 over four years compared to other drivers who never shopped around for cheaper prices.

If finding the cheapest price for Kia Rio insurance is your objective, then knowing how to find and compare cheaper coverage can save time and make the process easier.

Lots of auto insurance companies contend for your business, so it can be very hard to choose a insurer and get the best coverage at the lowest rate on Kia Rio insurance in Los Angeles.

How to lower your Kia Rio insurance cost in Los Angeles, California

To find affordable Kia Rio insurance quotes, there are several ways to compare rate quotes from companies that offer auto insurance in California. The quickest method to lower the rate you pay for Kia Rio insurance is to get quotes online.

Comparing free rate quotes online is easy and it, replaces the need to drive around to each insurance agency near you. Quoting Kia Rio insurance online eliminates the middleman unless you require the extra assistance only provided by licensed Los Angeles agents. Some companies do allow you to comparison shop your insurance online but purchase the actual policy in an agency. Just remember that more quotes will increase your chances of finding the best offered rates.

The car insurance companies shown below have been selected to offer free rate quotes in California. If multiple companies are listed, we recommend you click on several of them to find the cheapest car insurance rates.

Insurance coverage details

The rate table displayed next outlines detailed analysis of insurance costs for Kia Rio models. Learning a little about how rate quotes are figured is important for you to make decisions on which coverage to buy.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Price estimates do not factor in garaging location in Los Angeles which can change premium rates significantly.

Analysis of deductible levels

A question often asked by Los Angeles drivers is which deductibles should you choose. The tables below highlight the cost difference when you select higher and lower physical damage deductibles. The first rate estimation uses a $100 physical damage deductible and the second rate table uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Rate information does not factor in your specific Los Angeles location which can revise premium rates greatly.

Based on these figures, using a $100 deductible costs an average of $44 more each month or $528 each year than choosing the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at a minimum 20 months between claims, you would save money if you opt for a higher deductible.

Car insurance rates based on gender

The illustration below visualizes the comparison of Kia Rio insurance premiums for male and female drivers. The premium estimates are based on no claims or driving citations, full coverage, $100 deductibles, single marital status, and no discounts are factored in.

Does full coverage make sense?

The diagram below shows the comparison of Kia Rio insurance prices with full physical damage coverage compared to only buying liability only. The price estimates are based on no accidents or driving violations, $500 deductibles, drivers are single, and no discounts are taken into consideration.

When to stop buying physical damage coverage

There isn’t a written rule of when to stop paying for full coverage, but there is a general guideline. If the annual cost of having full coverage is 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s say your Kia Rio claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $2,000 after the deductible is paid. If you are paying over $200 a year for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where only buying liability is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

Cheap Los Angeles auto insurance rates with discounts

Auto insurance companies don’t list every discount they offer in an easy-to-find place, so the below list has both the well known and the harder-to-find credits available to you.

• Discount for Good Grades – Being a good student can get you a discount of up to 25%. Earning this discount can benefit you until age 25.
• Telematics Devices – Los Angeles drivers who agree to allow their auto insurance company to look at driving manner by installing a telematics device like Drivewise from Allstate or In-Drive from State Farm could see a rate decrease if they are good drivers.
• Military Discounts – Being deployed with a military unit could qualify you for better prices.
• Early Switch Discount – Some insurance companies reward drivers for buying a new policy before your current Rio insurance policy expires. It’s a savings of about 10%.
• Life Insurance – Auto insurance companies who offer life insurance give better premium rates if you take out some life insurance in addition to your auto policy.
• Theft Prevention System – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft and that can save you a little bit as well.
• Defensive Driver – Taking time to complete a defensive driving class could possibly earn you a 5% discount and easily recoup the cost of the course.
• Buy New and Save – Buying a new car instead of a used Rio may earn a small discount because new model year vehicles keep occupants safer.
• First Accident Forgiveness – This one isn’t a discount, but certain companies permit an accident before they charge you more for coverage if you have no claims for a particular time prior to the accident.

A little note about advertised discounts, most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce specific coverage prices like medical payments or collision. So when the math indicates you could get a free auto insurance policy, you’re out of luck. But any discount will positively reduce your overall bill.

The illustration below shows the comparison of Kia Rio insurance costs with and without discounts being applied to the rates. The price estimates are based on a male driver, no violations or claims, California state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, safe-driver, multi-car, multi-policy, and marriage discounts applied.

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

• Farm Bureau includes discounts for youthful driver, good student, renewal discount, multi-policy, 55 and retired, multi-vehicle, and safe driver.
• MetLife offers premium reductions for good student, good driver, multi-policy, defensive driver, accident-free, and claim-free.
• Progressive offers discounts including multi-policy, multi-vehicle, online quote discount, good student, and online signing.
• AAA offers discounts for multi-car, education and occupation, pay-in-full, multi-policy, good driver, good student, and AAA membership discount.
• American Family discounts include accident-free, early bird, defensive driver, bundled insurance, good student, and good driver.
• GEICO may offer discounts for driver training, seat belt use, membership and employees, anti-theft, five-year accident-free, daytime running lights, and anti-lock brakes.
• State Farm may have discounts that include multiple policy, safe vehicle, accident-free, multiple autos, and good student.

When getting free Los Angeles auto insurance quotes, it’s a good idea to all the companies to give you their best rates. Depending on the company, some discounts may not be offered everywhere. To locate providers with the best discounts in California, click here to view.

Why you need insurance for your Kia vehicle

Despite the high insurance cost for a Kia Rio in Los Angeles, insurance is required for several reasons.

First, most states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability protection in order to be legal. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if you have a loan on your Kia Rio, most lenders will make it a condition of the loan that you have insurance to guarantee loan repayment. If you do not pay your insurance premiums, the bank may insure your Kia for a much higher rate and make you pay much more than you were paying before.

Third, insurance protects both your Kia Rio and your personal assets. Insurance will pay for most medical and hospital costs that are the result of an accident. Liability coverage, the one required by state law, will also pay attorney fees if anyone sues you for causing an accident. If your car is damaged in a storm or accident, your insurance policy will cover the repair costs.

The benefits of having insurance are definitely more than the cost, particularly for liability claims. But the average American driver is overpaying over $865 each year so it’s recommended you shop around each time the policy renews to make sure the price is not too high.

Neighborhood agents and insurance

Certain consumers still prefer to sit down with an agent and that can be a great decision One of the best bonuses of comparing rates online is the fact that you can find cheap insurance quotes but still work with a licensed agent. Putting coverage with small agencies is definitely important in Los Angeles.

By using this simple form, your coverage information is sent to insurance agents in Los Angeles who will gladly provide quotes and help you find cheaper coverage. You never need to contact an agency since price quotes are sent immediately to your email address. You’ll get the best rates and a licensed agent to talk to. If you want to get a comparison quote from a specific insurance company, don’t hesitate to go to their quote page and fill out their quote form.

Independent or Exclusive: It’s your choice

If you are wanting to purchase insurance from an insurance agent, it can be helpful to understand the different agency structures to choose from. Agencies in Los Angeles can be described as either independent agents or exclusive agents depending on their employer.

Independent Agents

These type of agents do not have single company limitations and that gives them the ability to insure through lots of different companies and help determine which has the cheapest rates. If premiums increase, they simply switch companies in-house without you having to go to a different agency.

When comparing insurance rates, you definitely need to compare prices from multiple independent agents to get the best comparison.

Listed below is a small list of independent agencies in Los Angeles that may be able to give free price quotes.

More insurance agents

Exclusive Agents

Exclusive agencies generally can only insure with one company and some examples include State Farm, Allstate, or Farmers Insurance. Exclusive agencies are unable to compare rates from other companies so they are skilled at selling on more than just price. These agents are well trained in insurance sales and that enables them to sell even at higher rates.

The following is a list of exclusive agents in Los Angeles willing to provide rate quotes.

More insurance agents

Selecting a auto insurance agent needs to be determined by more than just a low price. The following questions are important to ask.

• Are they giving you every discount you deserve?
• Does the quote include credit and driving reports?
• Where are claims handled?
• Will the company cover a rental car if your car is getting fixed?
• How are claims handled?
• Do they have 24-hour customer assistance?
• In the event of vehicle damage, can you pick the collision repair facility?