Are you tired of paying out the nose to keep your car insured? You are in the same boat as many other drivers in Nevada.
It's shocking but about 70% of customers have stayed with the same insurance company for a minimum of four years, and just under half have never compared rates to find cheaper insurance. Many drivers in Nevada can save hundreds of dollars each year by just comparing quotes, but they think it's difficult to save money by comparing rate quotes.
Big companies like State Farm, GEICO and Farmers Insurance persitently shower you with catchy ads and it is challenging if not impossible to see through the deception and do the work needed to find the best deal.
It's a good idea to compare premium rates before your policy renews because prices are usually higher with each renewal. Just because you found the best rates on Kia Rio insurance in Las Vegas a year ago you can probably find a better rate quote now. Forget anything you know (or think you know) about car insurance because you're about to learn the easiest way to find great coverage at a great price.
If you are paying for car insurance now, you will most likely be able to shop for the lowest rates using the techniques covered below. Buying the cheapest auto insurance in Las Vegas is much easier if you have a good place to start. Nevertheless, Nevada vehicle owners do need to understand the way companies calculate your auto insurance rates because rates fluctuate considerably.
Learn How to Buy Auto Insurance Cheaper
When buying auto insurance it's important to understand some of the factors that are used to determine auto insurance rates. If you understand what determines base rates, this allows you to make good choices that may result in lower auto insurance prices. Lots of factors are considered when pricing auto insurance. Some are obvious such as your driving history, but other factors are less apparent like your vehicle usage or your financial responsibility.
Shown below are just a few of the factors utilized by car insurance companies to help set your rate level.
Vehicle options can affect prices - Buying a car with advanced anti-theft systems can get you a discount on your auto insurance. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop car theft.
Impacts performance impacts auto insurance costs - The performance level of the car or truck you are trying to find cheaper insurance for makes a big difference in your rates. The lowest premiums will generally be found on smaller low performance passenger models, but the cost you end up paying is determined by many additional factors. Since the Kia Rio falls in the passenger car class, insuring your vehicle will cost similar in price or lower than the average rate where you live in Las Vegas.
Annual mileage and car insurance premiums - The higher the mileage driven annually the more you'll pay to insure it. Most companies calculate prices determined by how the vehicle is used. Autos that sit idle most of the time qualify for better rates than those used for commuting. Verify your auto insurance coverage is showing the correct usage. Incorrect rating for your Rio can result in significantly higher rates.
Keep rates low by being claim-free - Companies in Nevada award discounts to people who do not rely on their insurance for small claims. If you're an insured who likes to file claims you can definitely plan on much higher rates or policy non-renewal. Your car insurance is meant to be used in the event of claims that pose a financial burden.
Claims statistics for a Kia Rio - Insurance companies use claims history to calculate a rate that will offset losses. Models that statistically have a higher amount or frequency of claims will have increased rates.
The table below outlines the collected loss data for Kia Rio vehicles. For each coverage type, the claim probability for all vehicles combined as an average is considered to be 100. Percentage numbers below 100 suggest a positive loss record, while values that are above 100 indicate frequent claims or tendency to have higher losses.
Kia Rio Insurance Claim Statistics
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Keep in mind that having more price comparisons provides better odds of finding the best rates.
The following companies have been selected to offer quotes in Las Vegas, NV. If multiple companies are listed, it's highly recommended you visit two to three different companies in order to find the cheapest rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Table data does not factor in specific garaging location which can revise coverage rates greatly.
Auto insurance rates are higher with tickets and accidents
The information below highlights how speeding tickets and at-fault claims impact Kia Rio insurance costs for different ages of insureds. The premium estimates are based on a married female driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.
Does it make sense to buy full coverage?
The information below examines Kia Rio insurance rates with full coverage and liability only. The rates are based on no claims, a clean driving record, $500 deductibles, married male driver, and no discounts are applied.
When to stop paying for full coverage
There isn't a written rule to stop buying comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 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 say your Kia Rio book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after paying the physical damage deductible. If you are paying in excess of $200 annually for physical damage coverage, then you might want to consider buying only liability coverage.
There are a few situations where dropping full coverage is not recommended. If you haven't paid off your loan, you have to keep full coverage to protect the lienholder's interest. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not buy liability only.
Why do I need car insurance?
Despite the high cost, insuring your vehicle is most likely required but also gives you several important benefits.
First, almost all states have mandatory liability insurance requirements which means you are required to buy a specific level of liability if you want to drive legally. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your vehicle, most banks will make it mandatory that you have physical damage coverage to ensure they get paid if you total the vehicle. If the policy lapses, the lender may insure your Kia for a lot more money and force you to reimburse them for it.
Third, insurance protects not only your Kia but also your assets. It will also reimburse you for hospital and medical expenses for both you and anyone you injure as the result of an accident. Liability coverage will also pay to defend you in the event you are sued. If your Kia gets damaged, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of carrying adequate insurance outweigh the cost, particularly when you have a large claim. According to a 2015 survey, the average American driver is overpaying over $830 a year so smart consumers compare quotes at every renewal to be sure current rates are still competitive.
Lower-cost Kia Rio insurance in Las Vegas
Properly insuring your vehicles can get expensive, but you might already qualify for some discounts that many consumers don't even know exist. Many discounts should be triggered when you quote, but some need to be asked about in order for you to get them.
- Memberships - Belonging to qualifying employment or professional organizations may earn a discount on your bill.
- Student in College - Any of your kids who are attending college and leave their car at home may be insured at a cheaper rate.
- Discounts for New Vehicles - Buying a new car model can be considerably cheaper due to better safety requirements for newer models.
- Data Collection Discounts - Insureds who allow driving data submission to study when and where they use their vehicle by using a telematics device such as In-Drive from State Farm or Allstate's Drivewise system could possibly reduce rates as long as they are good drivers.
- Air Bags and Passive Restraints - Options like air bags or motorized seat belts may earn rate discounts of 20 to 30 percent.
- ABS Brakes - Cars that have anti-lock braking systems can avoid accidents and will save you 10% or more on Rio insurance in Las Vegas.
- Defensive Driver Discounts - Taking time to complete a class that teaches safe driver techniques could possibly earn you a 5% discount and also improve your driving technique.
You should keep in mind that some credits don't apply to the whole policy. Most only reduce individual premiums such as medical payments or collision. Even though it appears adding up those discounts means a free policy, insurance companies wouldn't stay in business.
Large auto insurance companies and a partial list of their discounts are:
- Progressive has discounts for online quote discount, continuous coverage, multi-vehicle, good student, and online signing.
- The Hartford may include discounts for air bag, bundle, anti-theft, good student, defensive driver, vehicle fuel type, and driver training.
- Mercury Insurance may have discounts that include accident-free, annual mileage, good student, location of vehicle, type of vehicle, and ease of repair.
- GEICO offers premium reductions for air bags, anti-lock brakes, daytime running lights, military active duty, multi-vehicle, anti-theft, and emergency military deployment.
- AAA may offer discounts for AAA membership discount, multi-car, good driver, education and occupation, multi-policy, and anti-theft.
- State Farm has savings for Steer Clear safe driver discount, Drive Safe & Save, driver's education, multiple autos, and multiple policy.
Before buying, ask each insurance company which discounts you qualify for. Some discounts may not apply to policyholders in Las Vegas. If you would like to see a list of providers that offer multiple discounts in Nevada, follow this link.
Independent or exclusive insurance agents
Some consumers just want to get professional advice from a licensed agent and that is recommended in a lot of cases A nice benefit of comparing insurance prices online is that you can obtain lower rates but also keep your business local.
By using this simple form, your coverage information is instantly submitted to companies in Las Vegas who will gladly provide quotes for your insurance coverage. It simplifies rate comparisons since you won't have to find an agent on your own due to the fact that quote results will go directly to you. You can find the lowest rates and an insurance agent to talk to. If you want to get a comparison quote for a specific company, feel free to search and find their rate quote page and fill out their quote form.
Finding the right company shouldn't rely on just the premium amount. Here are some questions you might want to ask.
- If you raise deductibles, how much can you save?
- Does the agency have a positive business rating?
- Is working in the agency their full-time job?
- Will you work with the agent or an assistant?
- Can glass claims be handled at your home?
Two types of Las Vegas auto insurance agents
If you are searching for a reliable insurance agency, it can be helpful to understand the types of agencies and how they function. Insurance agencies in Las Vegas are classified as either exclusive or independent (non-exclusive).
Exclusive Insurance Agencies
Agents that choose to be exclusive can only write with one company and examples are State Farm, Allstate, or Farmers Insurance. These agents are unable to compare other company's rates so you need to shop around if the rates are high. Exclusive agents are well schooled on their company's products which helps them sell insurance even at higher premiums.
Listed below are exclusive agents in Las Vegas who may provide you with rate quotes.
Marivic Macabasco - State Farm Insurance Agent
1096 E Sahara Ave #207 - Las Vegas, NV 89104 - (702) 892-9908 - View Map
Independent Agencies or Brokers
Independent agents do not sell for just one brand and that allows them to write policies through many different insurance companies and help determine which has the cheapest rates. If you want to switch companies, your agent can just switch to a different company and you don't have to find a new agent. When comparing insurance rates, you definitely need to check rates from a couple of independent agencies in order to compare the most rates.
Below is a short list of independent agencies in Las Vegas that are able to give rate quotes.
Everyone needs different auto insurance coverages
When it comes to coverage online or from an agent for your personal vehicles, there isn't really a single plan that fits everyone. Your situation is unique and your auto insurance should unique, too. For instance, these questions can help discover if your insurance needs would benefit from professional advice.
- How much liability coverage do I need in Nevada?
- What is an SR-22 filing?
- Are all vehicle passengers covered by medical payments coverage?
- Is my camper covered for physical damage?
- What is the premium to book value ratio for dropping full coverage?
- Does my policy cover my teen driver if they drive my company car?
- How can I find cheaper teen driver insurance?
If it's difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.
Keep this in mind when shopping around
Some insurance providers may not have rate quotes online and most of the time these small insurance companies only sell through independent insurance agencies. Cheaper Kia Rio insurance in Las Vegas can be found online as well as from insurance agents, so you need to compare both so you have a total pricing picture.
As you prepare to switch companies, it's very important that you do not buy less coverage just to save a little money. In too many instances, an accident victim reduced full coverage and found out when filing a claim that they should have had better coverage. Your goal is to purchase plenty of coverage at the best possible price, not the least amount of coverage.
We just presented many ways to compare Kia Rio insurance prices in Las Vegas. It's most important to understand that the more quotes you get, the higher your chance of finding inexpensive Las Vegas auto insurance quotes. Consumers may even find the biggest savings come from some of the smallest insurance companies. Smaller companies may only write in your state and offer lower rates than the large multi-state companies such as Progressive or GEICO.
For more information, feel free to browse the resources below:
- Determining Your Vehicle's Value and Repair Cost (Insurance Information Institute)
- Who Has Cheap Car Insurance Rates for a Subaru Outback in Nevada? (FAQ)
- What Auto Insurance is Cheapest for Homeowners in Nevada? (FAQ)
- Who Has the Cheapest Nevada Car Insurance Rates for a Company Car? (FAQ)
- Who Has Affordable Auto Insurance for a Honda Accord in Nevada? (FAQ)
- What Auto Insurance is Cheapest for Unemployed Drivers in Nevada? (FAQ)
- How Much is Nevada Auto Insurance for Drivers with Bad Credit? (FAQ)
- How Much is Auto Insurance for Immigrants in Nevada? (FAQ)
- How Much is Nevada Auto Insurance for Low Credit Scores? (FAQ)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Shopping for a Safe Car (Insurance Information Institute)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)