Finding the cheapest insurance for a Kia Rio in Texas could be a lot of work, but you can learn these tips to make it easier. There are both good and bad ways to buy auto insurance and we’ll show you the quickest way to price shop coverage for a Kia and obtain the cheapest rates either online or from Austin insurance agents.
Shocking but true, nearly 70% of consumers kept their policy with the same company for more than four years, and 38% of customers have never shopped around. Drivers in Texas could save themselves $1,770 a year by just comparing rate quotes, but they don’t know the amount of savings they would get if they changed companies.
Locating the most cost-effective auto insurance policy in Austin is not rocket science. If you are already insured or are looking for a new policy, use these money-saving tips to cut your premiums without reducing coverage. Drivers just have to know the tricks to buy auto insurance over the internet.
The quickest method we recommend to get policy rate comparisons for Kia Rio insurance in Austin is to take advantage of the fact most of the bigger providers participate in online systems to provide you with free rate quotes. The only thing you need to do is provide a small amount of information such as the make and model of your vehicles, whether you have decent credit, whether your vehicle is owned or leased, and coverage limits. That rating information is instantly sent to many of the top insurers and you will receive price estimates within a short period of time.
If you would like to compare rates now, click here then complete the form.
The auto insurance companies shown below have been selected to offer free quotes in Texas. If more than one company is shown, we recommend you get prices from several of them to get the best price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Rio | $180 | $392 | $486 | $28 | $146 | $1,232 | $103 |
| Rio LX | $136 | $306 | $452 | $26 | $136 | $1,056 | $88 |
| Rio SX | $218 | $434 | $444 | $26 | $132 | $1,254 | $105 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Premium amounts do not factor in specific garaging location which can impact coverage prices considerably.
Auto insurance prices based on gender
The chart below compares Kia Rio insurance prices for male and female drivers. The price estimates are based on a clean driving record, no at-fault accidents, full coverage, $100 deductibles, drivers are not married, and no discounts are factored in.
Difference between full coverage and liability only rates
The diagram below shows the difference between Kia Rio insurance premiums when comparing full coverage to liability only. The data assumes no accidents or driving violations, $1,000 deductibles, married male driver, and no policy discounts are applied.
Deciding between full coverage and liability only
There isn’t a steadfast formula for excluding comp and collision coverage, but there is a guideline you can consider. If the yearly cost of full coverage is about 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let’s pretend your Kia Rio replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $5,000 after the deductible is paid. If you are currently paying more than $500 a year to have full coverage, then it might be time to buy liability only.
There are some scenarios where buying only liability insurance is not recommended. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
Impact of careless driving on auto insurance rates
The information below illustrates how speeding tickets and at-fault claims can impact Kia Rio insurance rates for different age groups. The premiums assume a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
Earn discounts on Austin auto insurance
Auto insurance is not inexpensive, but there’s a good chance there are discounts that you may not even know about. Some trigger automatically when you quote, but once in a while a discount must be specially asked for before being credited.
- Own a Home – Owning a home in Austin may earn you a small savings because it means you have a higher level of financial diligence.
- Discount for Life Insurance – Not all auto insurance companies offer life insurance, but some may give you a discount if you purchase a life insurance policy as well.
- Multiple Vehicles – Having all your vehicles on one policy could earn a price break for each car.
- Early Payment Discounts – If you pay your bill all at once rather than spreading payments over time you may reduce your total bill.
- Accident Forgiveness Coverage – Not necessarily a discount, but some insurance companies may permit one accident without getting socked with a rate hike with the catch being you have to be claim-free prior to being involved in the accident.
- Good Grades Discount – This discount can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.
Just know that most discount credits are not given to the entire cost. Most only cut individual premiums such as comp or med pay. If you do the math and it seems like all the discounts add up to a free policy, you aren’t that lucky.
A few companies that possibly offer these money-saving discounts are:
If you need inexpensive Austin auto insurance quotes, ask each insurance company which discounts you may be entitled to. All car insurance discounts might not apply in Austin. To see auto insurance companies that have a full spectrum of discounts in Texas, click this link.
Four factors that determine insurance rates
Many factors are part of the equation when pricing auto insurance. Some are obvious such as traffic violations, but others are more obscure such as your credit history or how financially stable you are. Consumers need to have an understanding of some of the factors that play a part in calculating your policy premiums. When you understand what positively or negatively impacts your premiums, this enables informed choices that can earn you cheaper rates.
Continuous coverage lowers car insurance rates – Having an insurance coverage lapse is a quick way to increase your rates. Not only will you pay more, failure to provide proof of insurance may result in fines and jail time.
Liability is peace of mind – The liability section of your policy provides coverage if a court rules you are at fault for personal injury or accident damage. Liability provides you with a defense in court to defend your case. Liability insurance is quite affordable compared to physical damage coverage, so buy as much as you can afford.
GPS tracking and theft deterrents reduce rates – Driving a car that has a built-in theft deterrent system can help lower your rates. Systems that thwart thieves like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder vehicle theft.
Be proud to be claim-free – Companies in Texas provide cheaper rates to policyholders who file claims infrequently. If you file a lot of claims you can expect either policy cancellation or increased premiums. Your insurance policy is intended to be relied upon for claims that pose a financial burden.
Insurance losses for a Kia Rio – Insurers include the past claim trends for vehicles when they set coverage costs for each model. Vehicles that the statistics show to have higher prevalence or dollar amount of losses will have higher rates for specific coverages. The data below shows the insurance loss data used by companies for Kia Rio vehicles.
For each policy coverage type, the loss probability for all vehicles, as an average, is a value of 100. Percentages below 100 are indicative of better than average losses, while percentage numbers above 100 point to more losses or a tendency for losses to be larger than average.
Kia Rio Insurance Claim Statistics
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Kia Rio | 90 | 109 | 81 | 141 | 158 | 127 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Local Austin insurance agents
Certain consumers would rather go talk to an agent and that is a smart decision Agents can help you choose the best coverages and give you someone to call. The biggest benefit of getting online price quotes is you can get lower rates and still have an agent to talk to.
Once you complete this quick form, your insurance coverage information gets sent to local insurance agents who will gladly provide quotes for your insurance coverage. There is no reason to contact any insurance agencies since price quotes are sent to you directly. If for some reason you want to get a rate quote from one company in particular, feel free to go to their quote page and give them your coverage information.
Choosing the best company requires you to look at more than just the bottom line cost. Get answers to these questions too.
- Is vehicle mileage a factor when determining depreciation for repairs?
- Does the agency have a current Errors and Omissions policy?
- Will they make sure you get an adequate claim settlement?
- Does the quote include credit and driving reports?
- How long have they been in business?
- Can you choose the body shop in case repairs are needed?
If you would like to find a reputable insurance agent or broker, you should know the different types of agencies and how they can write your policy. Austin agents are classified as either independent or exclusive. Both sell affordable car insurance policies, but we need to point out the difference between them since it can impact your agent selection.
Exclusive Agents
Exclusive insurance agents normally can only provide a single company’s rates and examples are AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents cannot place coverage with different providers so it’s a take it or leave it situation. These agents are trained well on the products they sell which helps overcome the inability to quote other rates. Drivers often buy from the same agent for years mostly because of the brand legacy rather than having the cheapest rates.
Below are exclusive insurance agents in Austin who can help you get price quote information.
- Bennie Council – State Farm Insurance Agent
6448 US-290 f110 – Austin, TX 78723 – (512) 454-4524 – View Map - Bridgette Hearne – State Farm Insurance Agent
3407 W Slaughter Ln b – Austin, TX 78748 – (512) 441-3704 – View Map - Herman Askew – State Farm Insurance Agent
13201 Pond Springs Rd #105 – Austin, TX 78729 – (512) 250-5533 – View Map
Independent Insurance Agents
Independent insurance agents often have affiliation with several companies so they can write business amongst many companies and possibly get better coverage at lower prices. If you want to switch companies, they simply move your policy to a different company and you can keep the same agent. When comparing rate quotes, you should always get rate quotes from at a minimum one independent agency for maximum quote selection. A lot of them also have access to small mutual carriers that many times have cheaper rates.
Below is a short list of independent insurance agencies in Austin who can help you get price quote information.
- AmeriFirst Insurance Agency, LLC
8300 N Mopac Expy #105 – Austin, TX 78759 – (512) 524-8808 – View Map - Independent Insurance Agents
1115 San Jacinto Blvd – Austin, TX 78701 – (512) 476-6281 – View Map - E-Z Insurance – South
4011 S 1st St – Austin, TX 78745 – (512) 443-9700 – View Map
Upon getting positive feedback and an acceptable price quote, you may have just found an insurance agent that can service your policy. But remember, consumers can terminate your policy whenever you want so don’t think that you’re stuck with any specific company for the entire policy term.
Are auto insurance companies telling the truth?
Consumers constantly see and hear ads that claim the cheapest car insurance rates by companies like GEICO, State Farm and Progressive. They all seem to make the same claim that you’ll save big if you change your coverage.
It sounds good, but how can they all make almost identical claims? This is the trick they use.
Companies can use profiling for the type of driver they prefer to insure. For instance, a desirable insured could be married and over the age of 30, has never had a claim, and drives a lower-performance vehicle. Anyone who matches those parameters receive the lowest rate quotes in Austin and is almost guaranteed to cut their Kia Rio insurance rates if they switch.
Potential customers who do not fit these standards will get a more expensive rate and the customer not purchasing. The trick companies use is to say “drivers that switch” but not “all drivers who get quotes” will save that much if they switch. This is how insurance companies can advertise the way they do. Because every company is different, you absolutely need to get price quotes at each policy renewal. It is impossible to predict which insurance companies will have the best Kia Rio insurance in Austin.
Don’t give up on affordable rates
Cost effective Kia Rio insurance can be sourced online and from local insurance agents, so you should compare both in order to have the best chance of saving money. Some insurance providers may not have price quotes online and most of the time these regional carriers only sell through independent agencies.
We just showed you many ways to shop for Kia Rio insurance online. The key concept to understand is the more price quotes you have, the higher your chance of finding cheaper Austin auto insurance quotes. You may even discover the lowest car insurance rates come from a company that doesn’t do a lot of advertising.
People who switch companies do it for a number of reasons such as high rates after DUI convictions, an unsatisfactory settlement offer, not issuing a premium refund and policy non-renewal. Regardless of your reason for switching companies, finding a new company is actually quite simple.
To learn more, feel free to visit the articles below:
- A Tree Fell on Your Car: Now What? (Allstate)
- Who Has the Cheapest Austin Car Insurance for Drivers with Accidents? (FAQ)
- Who Has Cheap Car Insurance Rates for Single Moms in Austin? (FAQ)
- How Much are Auto Insurance Rates for High School Students in Austin? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for State Employees in Austin? (FAQ)
- What is a Telematics Device? (Allstate)
- Auto Crash Statistics (Insurance Information Institute)
- How to shop for a safer car (Insurance Institute for Highway Safety)