Cheapest Kia Rio Insurance in Denver

Trying to come up with a payment for overpriced insurance can bottom out your savings and force you to prioritize other expenses. Doing a rate comparison is a great way to cut your insurance bill.

A recent study showed that the vast majority of consumers have stayed with the same insurance company for four years or more, and practically 40% of insurance customers have never compared rate quotes at all. Most drivers in the U.S. could pocket about $859 a year by just comparing rate quotes, but they underestimate the amount of savings they would get if they just switched companies.

With people having so many different company options, it can be impossible to choose a lower cost insurer.

It’s smart to get comparison quotes yearly because insurance prices go up and down regularly. If you had the best price on Kia Rio insurance in Denver two years ago a different company probably has better rates today. There is a lot of bad information regarding Rio insurance online, but in a few minutes you can learn a lot of great tips on how to slash your insurance rates in Denver.

When looking for cheaper Denver car insurance quotes, there are a couple ways of comparing rate quotes from all the different companies. The easiest way by far to comparison shop consists of shopping online.

It’s so easy to compare price quotes online that it takes the place of having to physically go to different agent offices. Doing it all online makes this process obsolete unless you have a complicated situation and need the peace of mind that only a licensed agent can provide. It is possible with some companies get prices online but buy from a local insurance agent. When comparing car insurance rates, know that having more price comparisons provides better odds of finding more affordable rates. Not every company provides rate quotes online, so it’s important to compare price quotes from them, too.

The following companies are ready to provide price comparisons in Denver, CO. If more than one company is shown, it’s highly recommended you compare several of them to get the cheapest price.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Estimates do not factor in specific location information which can lower or raise premium rates greatly.

Comparison of policy deductibles

The information below highlights how deductible choice and can influence Kia Rio insurance rates for different age groups. The prices are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Higher deductibles lower rates

One of the most common car insurance questions is which deductibles should you choose. The rates below approximate the premium difference when you select higher and lower deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Premium amounts do not factor in zip code location which can raise or lower rates significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs about $25 more each month or $300 every year than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 30 months between claims, you would come out ahead if you elect the higher deductible. Below is the way you can come to your own conclusion.

An important sidenote is that increasing deductibles to save money results in having to pay to pay more out-of-pocket when you have a comprehensive or collision claim. It will be required that you have enough money in the bank in order to pay more to get your vehicle repaired.

Denver insurance discounts for a Kia Rio

Companies that sell car insurance don’t always advertise every discount very clearly, so the following list contains both well-publicized and also the lesser-known savings tricks you should be using when you buy Denver car insurance online.

• Defensive Driver – Completing a defensive driver course could possibly earn you a 5% discount and easily recoup the cost of the course.
• Military Rewards – Being on active duty in the military could mean lower premium rates.
• ABS Braking Discount – Cars with ABS and/or traction control are much safer to drive and qualify for as much as a 10% discount.
• Onboard Data Collection – Denver drivers who agree to allow their company to spy on where and when they drive by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system may get a rate reduction as long as the data is positive.
• Own a Home – Just being a homeowner can get you a discount since owning and maintaining a home is proof that your finances are in order.
• Theft Prevention System – Cars and trucks optioned with advanced anti-theft systems are stolen with less frequency and can earn a small discount on your policy.
• Senior Citizen Discount – If you qualify as a senior citizen, you may receive a discount up to 10%.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire cost. The majority will only reduce specific coverage prices like comp or med pay. Even though the math looks like all the discounts add up to a free policy, companies wouldn’t make money that way.

Car insurance companies that possibly offer many of the previously listed discounts include:

• State Farm
• Liberty Mutual
• American Family
• Progressive
• Farmers Insurance
• Auto-Owners Insurance
• SAFECO

When getting a coverage quote, ask all the companies which credits you are entitled to. Some of the discounts discussed earlier might not be offered on policies everywhere.

Choosing the best Kia vehicle insurance in Colorado is an important decision

Despite the potentially high cost of Kia Rio insurance, insuring your vehicle serves an important purpose.

First, most states have mandatory insurance requirements which means you are required to carry a specific minimum amount of liability protection if you want to drive legally. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if your car has a lien holder, almost every bank will require that you have comprehensive coverage to guarantee loan repayment. If you cancel or allow the policy to lapse, the lender may insure your Kia for a much higher rate and require you to pay for the much more expensive policy.

Third, car insurance preserves not only your Kia but also your financial assets. It also can pay for medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.

The benefits of having insurance definitely exceed the cost, particularly for liability claims. Unknowingly, the average driver overpays as much as $869 every year so compare rates at every renewal to be sure current rates are still competitive.

Tailor your insurance coverage to you

Keep in mind that when it comes to choosing insurance from an agent or online for your personal vehicles, there isn’t really a one size fits all plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that may help you determine if you might need professional guidance.

• Why am I required to buy liability insurance?
• Does rental coverage apply when I am renting a car?
• Are my friends covered when driving my car?
• How can I force my company to pay a claim?
• Is a new car covered when I drive it off the dealer lot?
• Can I afford to pay high deductible claims out of pocket?
• Is other people’s property covered if stolen from my vehicle?
• Why am I required to get a high-risk car insurance policy?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form.

Compare rates but buy from a local neighborhood Denver car insurance agent

Many people still like to sit down and talk to an agent and we recommend doing that The best thing about getting online price quotes is the fact that drivers can get the lowest rates and still have an agent to talk to. Buying from neighborhood agents is important particularly in Denver.

After filling out this simple form, your insurance coverage information is sent to participating agents in Denver who will give competitive quotes for your coverage. It simplifies rate comparisons since you won’t have to contact an agency since rate quotes are delivered to your email. You can find the lowest rates without requiring a lot of work. If you want to compare prices from a specific insurance company, don’t hesitate to navigate to their website to submit a rate quote request.

Finding the right insurance company shouldn’t rely on just the bottom line cost. Any agent in Denver should be willing to answer these questions.

• Is there a local claims center in Denver?
• If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
• Which company do they place the most coverage with?
• Is the quote a firm price?
• Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
• Will they make sure you get an adequate claim settlement?
• Do they reduce claim amounts on high mileage vehicles?

If you receive satisfactory answers to all your questions in addition to an acceptable price estimate, chances are good that you have found an insurer that can adequately provide auto insurance.