Auto Insurance Rates for a Kia Forte in Durham

Shockingly, almost 70% of insureds renewed their policy with the same company for four years or more, and approximately 40% of consumers have never even compared quotes to find cheaper rates. Drivers in Durham can save hundreds of dollars each year by just shopping around, but they don’t invest the time required to compare rates.

Discount Kia Forte insuranceTo save the most money, the best way to get budget Kia Forte insurance is to start comparing rates regularly from insurance carriers in Durham.

  1. Get an understanding of how insurance companies determine prices and the modifications you can make to prevent expensive coverage. Many things that cause rate increases such as at-fault accidents and a substandard credit history can be remedied by paying attention to minor details.
  2. Compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like GEICO or Farmers Insurance, while agents who are independent can quote prices for many different companies. Begin your rate comparison
  3. Compare the new rate quotes to your current policy and determine if there is any savings. If you can save money and make a switch, verify that coverage does not lapse between policies.

A good tip to remember is to make sure you’re comparing identical coverage information on every quote and and to get quotes from as many different insurance providers as possible. This ensures a fair price comparison and a good representation of prices.

If you are insured now or want to find a cheaper company, use these cost-cutting techniques to find the best rates and still have adequate protection. Finding the cheapest car insurance coverage in Durham can be made easier if you know where to look. Comparison shoppers only need to know the least time-consuming way to compare company rates online.

Learn How to Lower Your Insurance Costs

Many things are used when you get your auto insurance bill. Some are obvious such as your driving history, although others are not quite as obvious such as whether you are married and annual miles driven.

Premiums are high for teenagers – Mature drivers have been proven to be more responsible, cause fewer claims and accidents, and tend to be get fewer driving tickets. Teenage drivers are known to be less responsible when behind the wheel therefore car insurance rates are much higher.

The data below assumes a single driver, full coverage with $250 deductibles, and no discounts or violations.

Urban residents pay more – Choosing to live in smaller towns and rural areas of the country can be a good thing when talking about car insurance. People in densely populated areas have to deal with much more traffic and longer commute times. Less people translates into fewer accident claims and a lower car theft rate.

Consider raising comp and collision deductibles – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, protects your Kia from damage. Examples of some claims that would be covered are a dented fender, hitting a deer, and damage caused by flying debris. Physical damage deductibles are the amount of money you are willing to pay in the event of a claim. The more damage repair cost you pay before a claim is paid (deductible), the better rate you will receive.

Don’t abuse car insurance claims – If you file a lot of claims you can definitely plan on higher premiums or even policy non-renewal. Car insurance companies in North Carolina give lower rates to insureds who file claims infrequently. Your insurance policy is intended for claims that pose a financial burden.

Do you work long hours in a demanding occupation? – Jobs like military personnel, police officers, and stock brokers are shown to have higher rates than the rest of us because of intense work-related stress and extremely grueling work hours. Other jobs such as farmers, students and homemakers have lower than average premiums.

Insurance loss statistics a Kia Forte – Insurers analyze past claim statistics to help determine prices. Models that statistically have a trend towards higher claims will have increased rates.

The table below outlines the historical insurance loss data for Kia Forte vehicles. For each coverage type, the claim amount for all vehicles averaged together equals 100. Percentage values below 100 indicate better than average losses, while values that are 100 or greater indicate a higher chance of having a claim or an increased probability of a larger loss.

Kia Forte Insurance Loss Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Kia Forte 114 117 103 176 183 144
Kia Forte 114 98 147
Kia Forte 102 102 86

Empty fields indicate not enough data collected
Statistics from for 2013-2015 Model Years

Rate information and statistics

The information displayed next highlights detailed analysis of policy rates for Kia Forte models. Being more informed about how rate quotes are formulated can help drivers make smart choices when comparing insurance rates.

Kia Forte Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Forte LX 4-Dr Sedan $134 $222 $282 $16 $84 $738 $62
Forte EX 4-Dr Sedan $134 $222 $282 $16 $84 $738 $62
Forte SX 4-Dr Sedan $152 $270 $282 $16 $84 $804 $67
Forte EX 2-Dr Coupe $152 $318 $318 $18 $96 $902 $75
Forte SX 2-Dr Coupe $152 $318 $318 $18 $96 $902 $75
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Table data does not factor in specific garaging location which can influence coverage rates greatly.

Higher deductibles save money

When shopping for insurance, a common question is how low should you set your deductibles. The comparisons below may help you to understand how much more you’ll pay when you select higher and lower comp and collision deductibles. The first rate quote example uses a $250 deductible for comprehensive and collision coverage and the second set of rates uses a $500 deductible.

Kia Forte insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Forte LX 4-Dr Sedan $192 $266 $250 $14 $74 $821 $68
Forte EX 4-Dr Sedan $192 $266 $250 $14 $74 $821 $68
Forte SX 4-Dr Sedan $218 $324 $250 $14 $74 $905 $75
Forte EX 2-Dr Coupe $218 $382 $282 $16 $84 $1,007 $84
Forte SX 2-Dr Coupe $218 $382 $282 $16 $84 $1,007 $84
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Kia Forte insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Forte LX 4-Dr Sedan $156 $214 $250 $14 $74 $708 $59
Forte EX 4-Dr Sedan $156 $214 $250 $14 $74 $708 $59
Forte SX 4-Dr Sedan $176 $262 $250 $14 $74 $776 $65
Forte EX 2-Dr Coupe $176 $308 $282 $16 $84 $866 $72
Forte SX 2-Dr Coupe $176 $308 $282 $16 $84 $866 $72
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Price information does not factor in specific garaging location which can impact premium rates considerably.

Based on these figures, using a $250 deductible could cost the average driver approximately $11 more each month or $132 a year averaged for all Forte models than buying the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to have more than 23 months between claim filings, you would most likely save money if you choose the higher deductible. Below is the way this decision is made.

Average monthly premium for $250 deductibles: $76
Average monthly premium for $500 deductibles (subtract): – $65
Monthly savings from raising deductible: $11
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One thing to be aware of is that increasing deductibles to lower your rates means you will have to cover more of the damage yourself when you have a claim. You need to have some money saved in the event you have to pay the deductible for vehicle repair.

Comparison of insurance rates by age and gender in Durham

The illustration below shows the comparison of Kia Forte insurance costs for male and female drivers. The premiums assume a clean driving record, no claims, full physical damage coverage, $100 deductibles, single marital status, and no discounts are taken into consideration.

Full coverage or liability only

The illustration below shows the comparison of Kia Forte insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in North Carolina. Data assumes no tickets, no at-fault accidents, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.

When to stop buying comprehensive and collision coverage

There is no clear-cut formula to exclude comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let’s assume your Kia Forte settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, 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 situations where only buying liability is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should maintain full coverage.

Insurance rates and discounts

Insurance is not cheap nor is it fun to buy but there could be significant discounts that can drop the cost substantially. Some of these discounts will be visible when you complete an application, but a few must be specifically requested before being credited. If you check and find you aren’t receiving every discount you deserve, you could be paying more than you need to.Cheaper insurance with discounts

You can save money using discounts, but many deductions do not apply to the whole policy. Some only reduce individual premiums such as physical damage coverage or medical payments. Despite the fact that it seems like all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

The illustration below shows the comparison of Kia Forte insurance costs with and without some available policy discounts. The premium estimates are based on a female driver, no claims, a clean driving record, North Carolina state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, homeowner, safe-driver, marriage, and claim-free discounts applied.

To find insurance companies with the best Kia Forte insurance discounts in Durham in North Carolina, follow this link.

More quotes mean more auto insurance savings

Lower-priced Kia Forte insurance in Durham can be found both online as well as from insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies do not offer the ability to get a quote online and these small insurance companies only sell coverage through independent agencies.

In this article, we presented many ideas to compare Kia Forte insurance prices in Durham. The key concept to understand is the more price quotes you have, the better your chances of lowering your rates. You may even discover the biggest savings come from a company that doesn’t do a lot of advertising. Smaller companies can often provide lower rates in certain areas than the large multi-state companies such as Allstate, GEICO and Progressive.

Additional information can be read at the links below