How to Save on Kia Rio Insurance in Lubbock

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Discount Kia Rio insuranceAre you tired of not being able to scrape enough together to keep your car insured? You are in the same boat as many other consumers in Texas.

Unbelievably, most auto insurance buyers in Texas renewed their policy with the same company for well over three years, and nearly 40% of drivers have never compared auto insurance rates at all. Many drivers in the U.S. could save an average of nearly 46.5% each year by just comparing rate quotes, but they just don't understand how much they could save if they switched to a more affordable policy. Due to the increasing number of different company options, it is very difficult to pick a lower cost insurance company.

It's a good habit to price shop coverage occasionally since rates fluctuate regularly. Just because you had the best rate on Kia Rio insurance in Lubbock a few years ago the chances are good that you can find a lower price today. Don't believe everything you read about Rio insurance out there, but we're going to give you a lot of great tips on how to lower your auto insurance bill.

Our objective in writing this article is to help you learn how insurance works and also pocket some savings If you have a policy now, you will surely be able to find better prices using the concepts you're about to learn. Smart shoppers just need to know the most efficient way to shop their coverage around from many companies at once.

Affordable companies for Kia Rio insurance

The providers in the list below are our best choices to provide price quotes in Lubbock, TX. To find cheap car insurance in Texas, it's a good idea that you visit as many as you can to get the best price comparison.

Rates and detailed analysis

The coverage information displayed next covers different rate quotes for Kia Rio models. Learning a little about how insurance policy rates are figured can assist in making smart choices when comparing insurance rates.

Kia Rio Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $274 $670 $560 $34 $168 $1,706 $142
Rio LX $274 $670 $560 $34 $168 $1,706 $142
Rio SX $314 $788 $560 $34 $168 $1,864 $155
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Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in specific garaging location which can revise insurance rates significantly.

How high should deductibles be?

One common question asked by Lubbock drivers is the level to set your comp and collision deductibles. The comparison tables below illustrate the difference in cost between low and high physical damage deductibles. The first rate quote example uses a $250 deductible and the second pricing table uses a $1,000 deductible.

Kia Rio insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $256 $496 $430 $26 $128 $1,361 $113
Rio LX $256 $496 $430 $26 $128 $1,361 $113
Rio SX $294 $584 $430 $26 $128 $1,487 $124
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Kia Rio insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $158 $312 $430 $26 $128 $1,054 $88
Rio LX $158 $312 $430 $26 $128 $1,054 $88
Rio SX $182 $368 $430 $26 $128 $1,134 $95
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Prices do not factor in Lubbock location which can decrease or increase rates noticeably.

Based on the above data, using a $250 deductible costs about $27 more each month or $324 annually than opting for 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 average at a minimum 28 months between claims, you would probably come out ahead if you opt for a higher deductible.

The chart below demonstrates how deductible levels and can influence Kia Rio insurance prices for each different age group. The data is based on a single female driver, full coverage, and no policy discounts are applied.

Insurance rates based on gender

The example below compares Kia Rio auto insurance rates for male and female drivers. The premium estimates are based on no claims or violations, full physical damage coverage, $250 deductibles, single marital status, and no policy discounts are applied.

Kia Rio liability rates compared to full coverage

The information below shows the difference between Kia Rio premium costs when comparing full coverage to state minimum liability only. The information is based on a clean driving record, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are applied.

When to buy liability coverage only

There is no definitive formula for excluding physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let's assume your Kia Rio claim settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $4,000 after you pay the deductible. If you are currently paying more than $400 annually for physical damage coverage, then it could be time to drop full coverage.

There are some circumstances where eliminating full coverage is not financially feasible. If you still have a lienholder on your title, you are required to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Discounts for lower-cost insurance rates

Not many people think insurance is cheap, but you may be missing some discounts that can dramatically reduce your bill. Many discounts should be triggered when you purchase, but occasionally some discounts must be inquired about before you get the savings.Insurance discounts

  • Club Memberships - Joining a qualifying organization could qualify you for a break when getting a Lubbock auto insurance quote.
  • Driver Safety - Successfully completing a course teaching defensive driver skills may get you a small discount and make you a better driver.
  • Discounts for Multiple Vehicles - Insuring multiple vehicles on one policy may reduce the rate for each vehicle.
  • Fewer Miles Equal More Savings - Low annual miles could qualify for slightly better rates than normal.
  • Good Grades Discount - Getting good grades can get you a discount of up to 25%. You can use this discount normally up to age 25.
  • Sign Early and Save - A few insurance companies offer discounts for renewing your policy prior to your current Rio insurance policy expiring. It's a savings of about 10%.

It's important to understand that many deductions do not apply to all coverage premiums. Most only apply to specific coverage prices like liability and collision coverage. Despite the appearance that you would end up receiving a 100% discount, you won't be that lucky. But all discounts will reduce your policy cost.

The information below illustrates the comparison of Kia Rio insurance premiums with and without discounts applied. The price estimates are based on a male driver, a clean driving record, no claims, Texas state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-policy, homeowner, claim-free, and multi-car discounts applied.

If you would like to view insurance companies that offer discounts in Texas, follow this link.

What Determines Kia Rio Insurance Premiums?

Many things are part of the equation when you get a price on insurance. Some of the criteria are obvious like your driving record, but other criteria are more obscure like your vehicle usage or how safe your car is.

The items below are just a few of the factors auto insurance companies consider when setting premiums.

  • Get married and get better prices - Your spouse helps lower the price on your policy. Having a spouse is viewed as being more mature and responsible and statistics show married drivers tend to have fewer serious accidents.
  • Commute or pleasure use - The more you drive every year the higher the price you pay to insure it. Most companies calculate prices based on how the vehicle is used. Vehicles that sit idle most of the time can get a lower rate compared to those used for work or business. It's always a good idea to double check that your auto insurance policy correctly shows the right rating data. An improperly rated Rio may be costing you higher rates.
  • Poor credit decisions can cost you - Credit score is a large factor in determining premium rates. Insureds with good credit tend to be less risk to insure than those with worse credit. So if your credit rating is lower than you'd like, you may save money insuring your Kia Rio by spending a little time repairing your credit.
  • Careless driving leads to higher rates - Your driving citation history has a lot to do with how much you pay for insurance. Just one speeding ticket or other violation may increase your cost twenty percent or more. Attentive drivers tend to pay less for car insurance as compared to careless drivers. Drivers who have multiple violations like DUI or willful reckless driving may be required to maintain a SR-22 with their state motor vehicle department in order to drive a vehicle legally.

    The information below demonstrates how speeding tickets and at-fault claims impact Kia Rio auto insurance rates for different ages of insureds. The data assumes a married female driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.

  • Eliminate incidental coverages - There are quite a few add-on coverages that you can buy if you aren't diligent. Insurance for personal injury protection, towing coverage, and motor club memberships may be costing you every month. They may seem good initially, but your needs may have changed so think about removing them and cutting costs.
  • Defend yourself with liability protection - A critical coverage on your policy, liability insurance will provide protection if you are found to be at fault for an accident. Liability insurance provides legal defense up to the limits shown on your policy. Liability is cheap compared to comp and collision, so drivers should buy more than the minimum limits required by law.
  • Rates and vocation - Did you know your auto insurance rates can be affected by your occupation? Jobs like judges, police officers, and emergency personnel have higher rates than the rest of us because of intense work-related stress and lengthy work days. On the flip side, professions such as actors, historians and homemakers pay the least.
  • See if your company offers a multi-policy discount - Some insurers afford discounts to buyers that purchase more than one policy. It's known as a multi-policy discount. Discounts can amount to as much as ten percent or more Even though this discount sounds good, it's still a good idea to compare other company rates to confirm you are receiving the best rates possible. You may still save even more even if you insure with multiple companies
  • Kia Rio insurance loss probability - Companies use data from past claims to help set a rate to offset losses. Vehicles that historically have a trend towards higher claims will cost more for coverage. The information below illustrates the insurance loss data used by companies for Kia Rio vehicles.

    For each type of coverage, the loss probability for all vehicles, as a total average, is considered to be 100. Numbers shown that are under 100 mean the vehicle has better than average losses, while values that are above 100 indicate more frequent losses or tendency to have larger claims.

    Kia Rio Insurance Claim Statistics
    Vehicle 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

Your situation helps dictate your coverage

When quoting and choosing proper insurance coverage, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs and your car insurance should be unique as well.Drive safe and save Here are some questions about coverages that might help in determining whether you could use an agent's help.

  • How high should deductibles be on a Kia Rio?
  • How can I get the company to pay a claim?
  • When can I cancel my policy?
  • Do I have any recourse if my insurance company denies a claim?
  • Are my friends covered when driving my Kia Rio?
  • What should my uninsured motorist coverage limits be in Texas?
  • Is business property covered if stolen from my car?
  • What if I total my Kia Rio and owe more than it's worth?
  • What does medical payments cover?

If you can't answer these questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It's fast, doesn't cost anything and may give you better protection.

Are insurance agencies a thing of the past?

Some people would rather sit down with an agent. Professional insurance agents can help you build your policy and help in the event of a claim. A good thing about price shopping on the web is that you can obtain the lowest rates and also buy local. And supporting local insurance agencies is important particularly in Lubbock.

Find insurance agent in LubbockTo help locate an agent, after submitting this short form, the quote information gets sent to participating agents in Lubbock who can give free rate quotes and help you find cheaper coverage. There is no reason to drive around as quotes are delivered to you instantly. If you need to get a price quote from a particular provider, you just need to find their quoting web page and submit a quote form there.

Different types of auto insurance agents in Lubbock

If you would like to find a reliable agent, it can be helpful to understand the types of insurance agents that you can select. Car insurance agents in Lubbock are considered either independent (non-exclusive) or exclusive. Either one can do a good job, but it is important to understand the difference between them since it could factor into which type of agent you select.

Independent Car Insurance Agents

Agents of this type are normally appointed by many insurers and that allows them to write policies with many different companies enabling the ability to shop coverage around. If you are not satisfied with one company, they simply move the coverage in-house and you don't have to do anything.

If you are trying to find cheaper rates, you definitely need to include multiple independent agents to have the most options to choose from.

Listed below is a list of independent agencies in Lubbock that may be able to provide rate quotes.

1407 19th St - Lubbock, TX 79401 - (806) 702-4918 - View Map

Bldg. 2, 7021 Kewanee Avenue #102 - Lubbock, TX 79424 - (806) 771-9692 - View Map

5241 98th St - Lubbock, TX 79424 - (806) 792-5564 - View Map

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Exclusive Car Insurance Agencies

These type of agents can only provide pricing for a single company like Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot provide other company's prices so always compare other rates. They are usually well trained on their company's products which can be an advantage.

Listed below is a list of exclusive agents in Lubbock who can help you get price quotes.

3114 50th St - Lubbock, TX 79413 - (806) 793-0646 - View Map

10210 Frankford Ave Ste 220 - Lubbock, TX 79424 - (806) 783-9519 - View Map

4518 50th St - Lubbock, TX 79414 - (806) 792-4416 - View Map

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Finding the right car insurance agent needs to be determined by more than just a low price. Any agent in Lubbock should be willing to answer these questions.

  • Are they primarily personal or commercial lines agents in Lubbock?
  • Are all drivers listed on the coverage quote?
  • How many companies do they write for?
  • Can glass repairs be made at your home?
  • How long has the business existed?

Affordable coverage is out there

When trying to cut insurance costs, it's not a good idea to reduce needed coverages to save money. There are too many instances where consumers will sacrifice liability limits or collision coverage to discover at claim time that the savings was not a smart move. The goal is to buy the best coverage you can find at the best cost but still have enough coverage for asset protection.

We covered a lot of ways to save on Kia Rio insurance in Lubbock. It's most important to understand that the more providers you compare, the better your comparison will be. Drivers may even discover the lowest premium rates are with a smaller regional carrier. These smaller insurers may have significantly lower prices on certain market segments than the large multi-state companies such as Progressive or GEICO.

Discount Kia Rio insurance in Lubbock is possible both online and from local insurance agents, and you should be comparing both to have the best selection. Some insurance providers do not provide online rate quotes and usually these small insurance companies only sell coverage through local independent agencies.

Steps to finding cheaper rates for Kia Rio insurance in Lubbock

If saving money is your primary concern, then the best way to get low-cost car insurance rates is to make a habit of regularly comparing prices from different companies in Lubbock. You can shop around by completing these steps.

  1. Read and learn about how car insurance works and the things you can change to lower rates. Many rating factors that are responsible for high rates such as traffic tickets, fender benders, and bad credit can be amended by making minor driving habit or lifestyle changes.
  2. Quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from a single company like GEICO or Farmers Insurance, while independent agents can give you price quotes from multiple companies.
  3. Compare the new rate quotes to the price on your current policy and see if there is a cheaper rate in Lubbock. If you find a lower rate, make sure coverage does not lapse between policies.
  4. Provide notification to your current agent or company of your intent to cancel your existing policy and submit the required down payment along with the signed application to your new agent or company. Once received, keep your new certificate verifying coverage above your visor, in the console, or in the glove compartment.

An essential thing to point out is to use the same amount of coverage on every quote and and to compare as many companies as feasibly possible. Doing this guarantees the most accurate price comparison and the best price quote selection.

More tips and info about auto insurance can be found by following these links: