Save Money on Kia Rio Insurance in Chula Vista

Insurance quote for Kia Rio in Chula VistaPretty sure you bought overpriced Kia Rio insurance in Chula Vista? You’re in good company because there are many Chula Vista consumers feeling the pinch from expensive insurance.

It’s shocking but nearly 70% of customers have purchased from the same company for over three years, and approximately 38% of consumers have never compared rate quotes at all. Chula Vista consumers could save $500 every year, but most tend to underestimate the rate savings if they switched to a more affordable policy. Due to the increasing number of different company options, it is very difficult to locate a more affordable company.

Shopping around for cheaper auto insurance coverage in Chula Vista is not that difficult. If you have a current auto insurance policy or are just looking to switch companies, you can follow these tips to find better prices without reducing protection. You just need to understand the fastest way to get comparison rates from multiple carriers.

Auto insurance data for a Kia Rio

The premium information shown below highlights detailed analysis of insurance coverage prices for Kia Rio models. Having a better idea how insurance prices are established is important for making smart choices when comparing insurance rates.

Kia Rio Insurance Rates in Chula Vista, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $276 $464 $654 $38 $196 $1,628 $136
Rio LX $276 $464 $654 $38 $196 $1,628 $136
Rio SX $316 $546 $654 $38 $196 $1,750 $146
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Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Table data does not factor in specific zip code location which can revise premium rates considerably.

Physical damage deductibles: Should you raise them?

When comparing auto insurance rates, the most common question is which deductible level should you buy. The premium rates below highlight the cost difference when you select higher and lower comp and collision deductibles. The first data table uses a $100 physical damage coverage deductible and the second price table uses a $500 deductible.

Kia Rio insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $332 $686 $500 $30 $150 $1,723 $144
Rio LX $332 $686 $500 $30 $150 $1,723 $144
Rio SX $380 $810 $500 $30 $150 $1,895 $158
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Kia Rio insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $242 $464 $500 $30 $150 $1,386 $116
Rio LX $242 $464 $500 $30 $150 $1,386 $116
Rio SX $278 $546 $500 $30 $150 $1,504 $125
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Table data does not factor in specific Chula Vista garaging location which can decrease or increase prices noticeably.

We can derive from the above data that using a $100 deductible will cost you about $30 more each month or $360 every year than quoting the higher $500 deductible. Since you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 13 months between claims, you would save money by selecting a higher deductible. Below is a better example of how we made this calculation.

Average monthly premium for $100 deductibles: $149
Average monthly premium for $500 deductibles (subtract): – $119
Monthly savings from raising deductible: $30
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

Learn How to Get Auto Insurance More Affordably

Many factors are used in the calculation when premium rates are determined. Most are fairly basic like a motor vehicle report, but other criteria are less obvious such as your marital status or how financially stable you are. When buying auto insurance it’s important to understand the different types of things that go into determining auto insurance rates. If you know what influences your rates, this allows you to make good choices that may result in better auto insurance rates.

The following are a few of the things auto insurance companies consider when setting your premiums.

Only buy coverage you need – Insurance companies have many extra coverages that sound like a good idea at the time if you don’t pay attention. Coverages like coverage for rental cars, accidental death, and membership fees are some examples. These coverages may sound good when deciding what coverages you need, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.

Never have policy lapses – Having a lapse in insurance coverage is a guaranteed way to increase your rates. And not only will insurance be more expensive, getting caught without coverage will get you fines and jail time.

Don’t skimp on liability coverage – Your auto insurance policy’s liability coverage is the protection if ever you are responsible for causing personal injury or damage in an accident. This coverage provides legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to comp and collision, so drivers should carry high limits.

Lower auto insurance rates with theft deterrents – Driving a car with a theft deterrent system can help lower your rates. Theft prevention features like OnStar, LoJack tracking, and tamper alarms all aid in stopping car theft and help bring rates down.

Males are more aggressive – The statistics show that females take fewer risks when driving. Now that doesn’t mean males are worse at driving than females. Both genders cause fender benders at a similar rate, but the males cause more damage. Men also tend to get higher numbers of serious violations such as DWI and reckless driving.

The information below shows the difference between Kia Rio auto insurance costs for male and female drivers. The information is based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

Physical damage deductibles – Comprehensive and collision coverage deductibles define the amount you are required to pay if a covered claim is submitted. Insurance for physical damage, also called ‘full coverage’, is used to repair damage to your car. A few examples of covered claims are collision with another vehicle, animal collisions, and having a roll-over accident. The more money you choose to pay out-of-pocket, the lower your rates will be.

Marriage discount – Having a significant other may save some money on your auto insurance bill. Having a spouse usually means you are more mature than a single person it has been statistically shown that married drivers tend to have fewer serious accidents.

Kia Rio statistical loss data – Insurance companies analyze historical claim data when they set coverage costs for each model. Vehicles that the data determines to have higher number or severity of losses will have higher rates. The table below outlines the collected loss data for Kia Rio vehicles.

For each coverage type, the claim amount for all vehicles compiled together is considered to be 100. Values that are below 100 suggest a better than average loss history, while values over 100 point to more frequent losses or an increased chance of a larger loss.

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

Statistics from for 2013-2015 Model Years

Cheap auto insurance is out there

Budget-friendly auto insurance in Chula Vista is attainable on the web as well as from insurance agents, and you should be comparing both so you have a total pricing picture. There are still a few companies who may not provide online rate quotes and most of the time these small insurance companies only sell coverage through local independent agencies.

Consumers switch companies for any number of reasons including delays in paying claims, extreme rates for teen drivers, not issuing a premium refund and even poor customer service. Whatever your reason, finding a great new company is not as difficult as it may seem.

When shopping online for auto insurance, it’s very important that you do not reduce coverage to reduce premium. There have been many situations where drivers have reduced physical damage coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy enough coverage at the best possible price and still be able to protect your assets.

Steps to finding more affordable Kia Rio insurance in Chula Vista

It takes a few minutes, but the best way to get discount Kia Rio insurance in Chula Vista is to compare prices at least once a year from companies in California. This can be done by completing these steps.

  1. Spend some time learning about how auto insurance works and the things you can change to prevent rate increases. Many policy risk factors that drive up the price such as traffic violations, accidents, and an imperfect credit score can be remedied by making minor driving habit or lifestyle changes.
  2. Compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from one company like GEICO and Allstate, while agents who are independent can provide rate quotes from multiple companies. Begin your rate comparison
  3. Compare the price quotes to your existing rates to see if cheaper Rio coverage is available. If you can save some money and make a switch, ensure coverage does not lapse between policies.

A good tip to remember is to compare identical limits and deductibles on every quote and and to get prices from as many car insurance companies as possible. This helps ensure the most accurate price comparison and maximum price selection.

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