Compare Kia Rio Insurance Rate Quotes in Louisville

Comparison shopping for low cost Kia Rio insurance in Louisville may be nearly impossible for drivers who are beginners to online comparison shopping. With literally dozens of online companies available, it can turn into a challenge to compare prices in Kentucky on Kia Rio insurance.

Steps to buying discount Kia Rio insurance in Louisville

Really, the only way to get the cheapest Kia Rio insurance in Louisville is to regularly compare price quotes from insurers who provide auto insurance in Kentucky.

1. Try to learn a little about how insurance companies determine prices and the changes you can make to keep rates low. Many risk factors that result in higher rates such as getting speeding tickets and a not-so-good credit rating can be controlled by being financially responsible and driving safely. Continue reading for more information to get lower rates and get additional discounts that may be available.
2. Request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like GEICO or Allstate, while independent agents can give you price quotes from multiple sources.
3. Compare the quotes to your existing policy and see if there is a cheaper rate. If you find a lower rate quote and make a switch, ensure there is no coverage lapse between policies.

The most important part of this process is to make sure you enter identical limits and deductibles on each quote and and to get quotes from every company you can. Doing this ensures the most accurate price comparison and the best rate selection.

Sad but true, most auto insurance customers have bought auto insurance from the same company for at least four years, and almost half have never quoted auto insurance rates at all. Most drivers in Kentucky can save nearly $600 each year just by getting comparison quotes, but they don’t believe how much they could save if they just switched companies.

It’s important to do rate comparisons quite often due to the fact that insurance prices are adjusted regularly by insurance companies. Just because you had the best quotes on Kia Rio insurance in Louisville a couple years back a different company probably has better rates today. There are lots of tips to save on Rio insurance on the internet, but I’m going to show you some great ways to lower your auto insurance rates in Louisville.

Companies offering Kia Rio insurance in Louisville

The companies shown below offer free quotes in Kentucky. To locate the best cheap auto insurance in Kentucky, we recommend you visit two to three different companies to get the lowest price.

Insurance rate breakdown

The rate information shown next covers detailed analysis of insurance policy prices for Kia Rio models. Having knowledge of how car insurance premiums are formulated can aid in making decisions when choosing a new policy provider.

Data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Price estimates do not factor in specific location information which can influence premium rates substantially.

Analysis of deductible levels

One frequently asked question is what deductibles to buy. The tables below approximate how much more you’ll pay when you select higher and lower physical damage deductibles. The first rate comparisons uses a $250 deductible and the second price table uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Prices do not factor in specific Louisville garaging location which can affect auto insurance rates greatly.

Using the premium rates above, we can conclude that using a $250 deductible will cost you about $24 more each month or $288 every year across all Kia Rio models than selecting the higher $1,000 deductible. Because you would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average more than 31 months between claim filings, you would save more money if you choose a higher deductible.

How much more does full coverage cost in Louisville?

The example below shows the comparison of Kia Rio yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no driving violations, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are factored in.

Guidelines for dropping full coverage

There isn’t a written rule for phasing out physical damage coverage, but there is a broad guideline. If the annual cost of coverage is 10% or more of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s pretend your Kia Rio replacement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company will settle for is $4,000 after the policy deductible has been paid. If premium cost is more than $400 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are some conditions where only buying liability is not financially feasible. If you still owe a portion of the original loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.

Determine discounts on Louisville insurance

Insurance is not an enjoyable expense, but you may qualify for discounts that could drop your premiums quite a bit. Certain discounts will be triggered automatically at the time of quoting, but some must be requested specifically prior to getting the savings. If you’re not getting every credit possible, it’s possible you qualify for a lower rate.

• Resident Student – Older children who attend college more than 100 miles from Louisville and do not have access to a covered vehicle could get you a discount.
• Drivers Ed for Students – It’s a good idea to have your young drivers take driver’s ed class as it will make them better drivers and lower rates.
• Safety Restraint Discount – Drivers who require all occupants to buckle up before driving may be able to save a few bucks off the PIP or medical payment premium.
• Telematics Discount – People who choose to allow their insurance company to spy on vehicle usage by using a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates if they have good driving habits.
• Theft Prevention Discount – Anti-theft and alarm system equipped vehicles are stolen less frequently and therefore earn up to a 10% discount.
• Good Drivers – Insureds who avoid accidents could pay up to 40% less than drivers with accident claims.
• Air Bags and Passive Restraints – Vehicles equipped with air bags or automatic seat belts may qualify for discounts of up to 25% or more.
• Louisville Homeowners Discount – Simply owning a home may earn you a small savings because of the fact that having a home shows financial diligence.

Discounts lower rates, but most of the big mark downs will not be given to the overall cost of the policy. A few only apply to specific coverage prices like liability, collision or medical payments. So when the math indicates it’s possible to get free car insurance, that’s just not realistic.

The example below compares Kia Rio car insurance costs with and without policy discounts. The rate quotes are based on a male driver, no claims or driving violations, Kentucky 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 marriage, multi-policy, multi-car, homeowner, claim-free, and safe-driver discounts applied.

To view insurance companies with discount rates in Louisville, follow this link.

Learn How to Lower Your Insurance Costs

Many different elements are used in the calculation when pricing auto insurance. A few of the factors are predictable such as traffic violations, but some are not quite as obvious such as whether you are married or your financial responsibility.

• Bump up physical damage deductibles to lower rates – Physical damage coverage, also called comprehensive and collision insurance, covers your vehicle from damage. Some examples of covered claims are a dented fender, hitting a deer, or theft. The deductibles represent how much money you are willing to pay if the claim is covered. The more damage repair cost you choose to pay out-of-pocket, the less money you will pay for insurance.
• Liability coverage limits are a factor – A critical coverage on your policy, liability insurance will protect you if ever you are responsible for personal injury or accident damage. It will provide you with a defense in court which can cost a lot. Liability is cheap when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.

• Traffic violations hurt – Whether or not you get tickets impacts your car insurance rates tremendously. Drivers with clean records tend to pay less for car insurance compared to bad drivers. Only having one moving violation can increase rates substantially. People who have dangerous violations such as DWI, reckless driving or hit and run convictions may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state’s licensing department in order to legally drive.

  The diagram below illustrates how traffic citations and accident claims can drive up Kia Rio insurance premiums for each age group. The data is based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied.

• Alarms and GPS tracking lowers rates – Purchasing a vehicle with a theft deterrent system can earn a premium discount. Systems that thwart thieves like OnStar, LoJack tracking, and tamper alarms all help stop your vehicle from being stolen.
• Safer vehicles means cheaper rates – Cars with five star safety ratings tend to be cheaper to insure. Highly rated vehicles protect occupants better and fewer injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders.

• Insurance loss data for Kia Rio vehicles – Insurance companies study historical loss data when they file their rates in each state. Vehicles that tend to have higher prevalence or dollar amount of losses will have higher rates. The information below illustrates the collected loss data for Kia Rio vehicles.

  For each policy coverage type, the loss probability for all vehicles, as a total average, is set at 100. Values that are 100 or less indicate a favorable loss history, while values that are above 100 point to more frequent losses or an increased likelihood of larger losses.

  
  

  Auto Insurance Loss Data for Kia Rio Models

  Specific Kia Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Kia Rio	90	109	81	141	158	127

  BETTER

  AVERAGE

  WORSE

  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

When do I need to get advice from an agent?

Some consumers just want to buy from a local agent. The biggest benefit of getting free rate quotes online is you may find cheap rate quotes but also keep your business local. And providing support for small agencies is important particularly in Louisville.

For easy comparison, once you complete this short form, your coverage information is transmitted to local insurance agents in Louisville that can provide free Louisville car insurance quotes for your insurance coverage. It makes it easy because there is no need to search for an agent since price quotes are sent directly to you. It’s the lowest rates without having to waste a lot of time. If you want to compare prices from a specific company, you can always jump over to their website and fill out the quote form the provide.

When finding a good insurance agency, it’s helpful to know the different types of agents that you can select. Louisville agents can be classified as either exclusive agents or independent agents.

Independent Insurance Agents (or Brokers)

Independent agents can sell policies from many different companies so they can write business through lots of different companies and find you the best rates. To transfer your coverage to a different company, your agent can just switch to a different company which is easy for the insured.

If you are comparing insurance prices, you will want to include price quotes from a few independent agents to ensure the widest selection of prices. They also have the ability to place coverage with smaller regional carriers which could offer lower prices.

Below is a short list of independent agents in Louisville that may be able to give you pricing information.

• Nationwide Insurance: Jerry Kays Insurance Inc
  3701 Taylorsville Rd #1a – Louisville, KY 40220 – (502) 459-0833 – View Map
• Grant Insurance Agency, LLC
  13000 Equity Pl #201 – Louisville, KY 40223 – (502) 254-3332 – View Map
• Gerald Schott Insurance
  10602 Timberwood Cir # 14 – Louisville, KY 40223 – (502) 426-5887 – View Map

More Louisville agents

Exclusive Agents

Agents of this type can only provide one company’s prices and examples are Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agencies are unable to shop your coverage around so you might not find the best rates. These agents are well trained on their company’s products and that can be a competitive advantage. Drivers often use the same exclusive agent mostly because of the prominence of the brand rather than having low rates.

Below is a list of exclusive agents in Louisville who can help you get price quotes.

• Vince Jarboe – State Farm Insurance Agent
  5101 New Cut Rd – Louisville, KY 40214 – (502) 380-3800 – View Map
• Bob Savko – State Farm Insurance Agent
  10839 Bluegrass Pkwy – Louisville, KY 40299 – (502) 499-7575 – View Map
• Ivy Brito – State Farm Insurance Agent
  4919 Dixie Hwy b – Louisville, KY 40216 – (502) 449-1362 – View Map

More Louisville agents

Selecting an insurance agency requires you to look at more than just the price. Any agent in Louisville should be willing to answer these questions.

• What companies can they write with?
• How much can you save by raising your physical damage deductibles?
• Does the agency provide any after hours assistance?
• How long has their agency been open in Louisville?
• Does the agent help file claims?
• Are claim adjusters local or do you have to take your car somewhere else?
• Who are their largest clients?

Don’t give up on affordable premiums

Insureds who switch companies do it for a variety of reasons including lack of trust in their agent, an unsatisfactory settlement offer, delays in responding to claim requests and even policy non-renewal. Whatever your reason, choosing a new insurance company is less work than it seems.

When shopping online for insurance, make sure you don’t buy poor coverage just to save money. In many instances, an accident victim reduced physical damage coverage and learned later that the small savings ended up costing them much more. Your strategy should be to find the BEST coverage at an affordable rate.

In this article, we presented many ideas to find cheap Kia Rio insurance in Louisville. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding low cost Louisville car insurance quotes. Drivers may even discover the biggest savings come from a smaller regional carrier.

How to buy discount Kia Rio insurance in Louisville

The best way we recommend to get discount Kia Rio insurance in Louisville is to compare prices once a year from insurance carriers who sell auto insurance in Kentucky. Rates can be compared by following these steps.

Step 1: Try to understand how your policy works and the factors you can control to prevent high rates. Many rating factors that cause high rates like distracted driving and an unacceptable credit history can be improved by making lifestyle changes or driving safer.

Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from one company like Progressive and State Farm, while independent agencies can give you price quotes for many different companies.

Step 3: Compare the new rates to your existing rates to determine if switching companies saves money. If you find a better price, make sure there is no lapse in coverage.

Step 4: Provide notification to your current company of your intent to cancel your current policy. Submit a completed policy application and payment to your new carrier. Immediately keep your new certificate verifying proof of insurance in your vehicle.

One thing to point out is that you use the same liability limits and deductibles on every price quote and and to get rate quotes from as many different companies as possible. Doing this ensures an accurate price comparison and a complete selection of prices.

More tips and info about insurance can be found in the articles below:

• Insuring a Leased Car (Insurance Information Institute)
• How Much are Auto Insurance Rates for a Company Car in Louisville? (FAQ)
• How Much are Auto Insurance Rates for a Chevrolet Silverado in Louisville? (FAQ)
• Who Has Affordable Car Insurance for Unemployed Drivers in Louisville? (FAQ)
• How Much are Car Insurance Quotes for a Hyundai Elantra in Louisville? (FAQ)
• What Auto Insurance is Cheapest for a Toyota RAV4 in Louisville? (FAQ)
• Distracted Driving Statistics (Insurance Information Institute)
• Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
• Understanding your Policy (NAIC.org)
• Electronic Stability Control FAQ (iihs.org)