Best Rate Quotes for Kia Rio Insurance in Durham

It’s a fact that auto insurance companies don’t want you to look for a cheaper policy. Insureds who shop around for cheaper rates are very likely to switch car insurance companies because there is a high probability of finding a lower-priced policy. A recent car insurance study revealed that drivers who routinely compared quotes saved over $3,500 over four years compared to people who never shopped for cheaper rates.

If saving money on car insurance in Durham is your intention, then having a grasp of how to shop for auto insurance can make it easier to shop your coverage around.

Insurance rates Kia Rio in DurhamIf you want to save money, the best way to get budget Kia Rio insurance in Durham is to regularly compare quotes from providers in North Carolina.

  1. Learn about how auto insurance works and the factors you can control to keep rates in check. Many risk factors that cause rate increases such as tickets, at-fault accidents, and an unacceptable credit rating can be remedied by making minor changes in your lifestyle. Later in this article we will cover more details to help prevent costly coverage and get bigger discounts.
  2. Compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO and State Farm, while agents who are independent can provide price quotes for a wide range of insurance providers.
  3. Compare the quotes to your existing rates and see if there is a cheaper rate in Durham. If you can save money and make a switch, make sure there is no lapse in coverage.

An important note is to compare the same amount of coverage on every quote and and to get rate quotes from as many car insurance companies as possible. This helps ensure a level playing field and the best price selection.

If you are already insured or want to find a cheaper company, you will benefit by learning to reduce premiums without having to cut coverage. These techniques will let you in on the best methods to compare rates and also pocket some savings Drivers just have to use how to find the lowest price instantly.

Cheapest companies for Kia Rio insurance in North Carolina

The companies shown below have been selected to offer price quotes in North Carolina. To get cheap auto insurance in Durham, NC, we suggest you visit several of them to get the cheapest price.

Facts and figures for Kia Rio insurance

The premium table shown next outlines detailed analysis of insurance costs for Kia Rio models. Learning a little about how auto insurance premiums are figured can help you make smart choices when purchasing an auto insurance policy.

Kia Rio Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $102 $234 $340 $20 $102 $798 $67
Rio LX $102 $234 $340 $20 $102 $798 $67
Rio SX $116 $276 $340 $20 $102 $854 $71
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Table data does not factor in specific zip code location which can impact prices greatly.

Higher deductibles save money

When shopping for auto insurance, a common question is which deductible level should you buy. The comparisons below lay out the premium difference when you buy lower versus higher physical damage coverage deductibles. The first set of prices uses a $250 deductible for physical damage and the second set of rates uses a $500 deductible.

Kia Rio insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $168 $324 $282 $16 $84 $899 $75
Rio LX $168 $324 $282 $16 $84 $899 $75
Rio SX $192 $382 $282 $16 $84 $981 $82
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Kia Rio insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $136 $262 $282 $16 $84 $780 $65
Rio LX $136 $262 $282 $16 $84 $780 $65
Rio SX $156 $308 $282 $16 $84 $846 $71
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Price information does not factor in your specific Durham location which can lower or raise insurance rates considerably.

Based on the data above, we can derive that using a $250 deductible will cost in the ballpark of $10 more each month or $120 for a full year than quoting the higher $500 deductible. Since the policyholder would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at least 25 months between claim filings, you would most likely save money going with the higher deductible.

The chart below shows how different deductible levels and can change Kia Rio insurance rates for each age group. The prices are based on a single female driver, full physical damage coverage, and no policy discounts are applied.

Difference between full coverage and liability only rates

The diagram below shows the comparison of Kia Rio yearly insurance costs when comparing full coverage to liability only. Data assumes no claims or driving violations, $500 deductibles, drivers are single, and no policy discounts are applied.

When to stop paying for full coverage

There is no definitive guideline to exclude full coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your Kia Rio replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $3,000 after the deductible is paid. If you are paying more than $300 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are a few cases where buying only liability insurance is not a good idea. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not opt for liability only.

Six Tips to Get Lower-cost Durham Insurance Prices

Many different elements are used in the calculation when you get a price on insurance. Some factors are common sense such as traffic violations, but some are less apparent such as your credit history and annual miles driven. When buying insurance it’s important to understand some of the factors that go into determining the rates you pay for insurance. When consumers understand what determines premiums, this helps enable you to make changes that could help you find lower rates.

Lower-cost Durham insurance rates with discounts

Properly insuring your vehicles can get expensive, but you may find discounts to help bring down the price. Many discounts should be triggered at the time of quoting, but some may not be applied and must be inquired about before being credited. If you do not check that you are getting every discount possible, you could be saving more on your insurance.Insurance discounts

One thing to note about discounts is that most discount credits are not given to the overall cost of the policy. A few only apply to individual premiums such as comprehensive or collision. Even though it appears all those discounts means the company will pay you, company stockholders wouldn’t be very happy.

The chart below compares Kia Rio car insurance costs with and without discounts applied to the policy premium. The data is based on a female driver, no accidents or driving violations, North Carolina state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-policy, marriage, multi-car, and safe-driver discounts applied.

The best insurance companies and their offered discounts are:

If you are trying to find affordable Durham car insurance quotes, ask every insurance company how many discounts you can get. Some discounts may not apply to policyholders in Durham. If you would like to see a list of companies offering insurance discounts in North Carolina, click this link.

Local Durham auto insurance agents

Some consumers would prefer to sit down with an agent and doing so can bring peace of mind Professional insurance agents can point out coverage gaps and help you file claims. One of the benefits of getting free rate quotes online is that you can find lower prices and still have an agent to talk to. And supporting local agents is important particularly in Durham.

Insurance agents in DurhamOnce you complete this form (opens in new window), your insurance data is instantly submitted to local insurance agents who can give free rate quotes to get your business. You never need to drive around since rate quotes are delivered instantly to you. If you need to compare prices from a specific company, just search and find their rate quote page and submit a quote form there.

If you’re trying to find a local Durham insurance agency, you must know there are a couple types of agencies and how they function. Agents in Durham may be either independent agents or exclusive agents depending on their employer. Both types can insure your vehicles properly, but it’s worth learning the subtle differences because it may have an impact on which agent you choose.

Independent Auto Insurance Agencies or Brokers

Independent agents can quote rates with many companies and that gives them the ability to insure through many companies and help determine which has the cheapest rates. If your premiums go up, an independent agent can move your coverage which is easy for the insured. When comparing auto insurance rates, you definitely need 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 lesser-known insurance companies which could offer lower prices.

Below is a partial list of independent insurance agents in Durham that can give you competitive price quotes.

More Durham agents

Exclusive Auto Insurance Agencies

Agents that choose to be exclusive write business for a single company like Allstate, State Farm and Farmers Insurance. Exclusive agencies are unable to provide rate quotes from other companies so they have to upsell other benefits. Exclusive agencies are usually well trained on their company’s products which helps them sell on service rather than price. Consumers sometimes buy insurance from these agents mostly because of the prominence of the brand and strong financial ratings.

Listed below is a list of exclusive insurance agents in Durham that can give you price quotes.

More Durham agents

Finding the right insurance agency is decision based upon more than just the bottom line cost. Any agent in Durham should be willing to answer these questions.

Upon receiving satisfactory answers to all your questions as well as affordable Kia Rio insurance rates in Durham quotes, chances are good that you have found an insurance agent that meets the criteria to properly insure your vehicles.

When in doubt talk to an agent

Always remember that when buying the best auto insurance coverage for your vehicles, there isn’t really a one-size-fits-all type of policy. Coverage needs to be tailored to your specific needs so this has to be addressed.Higher deductibles save money
These are some specific questions can help discover whether you might need an agent’s assistance.

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, free and may give you better protection.

Persistence pays off

When you buy Durham car insurance online, do not buy less coverage just to save a little money. In many instances, someone sacrificed liability coverage limits and discovered at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to get the best coverage possible at the best possible price, but do not skimp to save money.

You just learned a lot of tips how to lower your Kia Rio insurance auto insurance rates in Durham. The key thing to remember is the more rate quotes you have, the better likelihood of getting inexpensive Durham car insurance quotes. Consumers may even find the lowest priced car insurance comes from an unexpected company. Regional companies may have significantly lower premium rates on certain market segments than their larger competitors like State Farm or Progressive.

Additional car insurance information can be found at these links: