Discount Kia Rio insuranceThere isn't anyone who looks forward to paying for insurance, especially knowing they are paying too much.

Shockingly, the vast majority of consumers have purchased from the same company for at least the last four years, and approximately 38% of consumers have never even compared rates from other companies. Henderson consumers can save $550 each year, but they underestimate the benefits if they switched. Because you have many options when it comes to insurance, it is very difficult to locate the right insurance company.

Shopping for cheaper protection in Henderson is not as hard as you think. If you have a policy now or just want to reduce your rates, you will benefit by learning to reduce the price you pay and still get good coverage. Drivers just have to know the tricks to compare price quotes from many different companies online.

The providers in the list below provide free quotes in Nevada. If multiple companies are listed, it's highly recommended you get price quotes from several of them to get the best price comparison.

Kia Rio Insurance Rate Estimates in Henderson, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $98 $210 $328 $20 $98 $754 $63
Rio LX $128 $252 $348 $20 $104 $852 $71
Rio SX $204 $464 $394 $24 $118 $1,204 $100
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Estimates do not factor in vehicle garaging location which can decrease or increase rates considerably.

Physical damage deductibles

The example below highlights how deductible choice and can influence Kia Rio insurance prices for each different age group. Data assumes a married female driver, comp and collision included, and no discounts are applied to the premium.

Higher deductibles lower rates

One frequently asked question is where should you set your physical damage deductibles. The following tables can help show the premium difference between low and high comp and collision deductibles. The first rate quote example uses a $250 physical damage coverage deductible and the second data table uses a $1,000 deductible.

Kia Rio insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $208 $402 $348 $20 $104 $1,107 $92
Rio LX $208 $402 $348 $20 $104 $1,107 $92
Rio SX $238 $472 $348 $20 $104 $1,207 $101
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Kia Rio insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $128 $252 $348 $20 $104 $852 $71
Rio LX $128 $252 $348 $20 $104 $852 $71
Rio SX $148 $298 $348 $20 $104 $918 $77
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in specific garaging location which can revise insurance rates considerably.

Using the premium rates above, we can conclude that using a $250 deductible will cost in the ballpark of $22 more each month or $264 annually than selecting the higher $1,000 deductible. Because you would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 34 months between claim filings, you would save more money if you elect the higher deductible. The illustration below shows an example of how this decision is made.

Average monthly premium for $250 deductibles: $95
Average monthly premium for $1,000 deductibles (subtract): - $73
Monthly savings from raising deductible: $22
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 34 months

One thing to note is that increasing deductibles to lower your rates results in a higher out-of-pocket expense when you have a claim. You need to have enough extra money in order to pay the deductible.

Get cheaper Kia Rio insurance in Henderson with discounts

Some companies don't necessarily list all discounts in an easy-to-find place, so below is a list a few of the more well known and also the more inconspicuous credits available to you.Cheaper insurance with discounts

Remember that most discount credits are not given to the entire policy premium. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Despite the fact that it seems like all the discounts add up to a free policy, you're out of luck.

Auto insurance companies that possibly offer some of the above discounts include:

Before purchasing a policy, check with every prospective company which credits you are entitled to. Some discounts listed above might not be available to policyholders in every state. To locate insurers that offer discounts in Henderson, click here.

Why you need quality insurance for your vehicle

Despite the potentially high cost of Kia Rio insurance, insuring your vehicle may be required and benefits you in several ways.

First, just about all states have minimum mandated liability insurance limits which means state laws require a minimum amount of liability in order to license the vehicle. 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 your Kia Rio has a lienholder, most banks will require that you have physical damage coverage to guarantee payment of the loan. If you let the policy lapse, the lender will be forced to insure your Kia at a much higher rate and force you to pay for the expensive policy.

Third, insurance safeguards not only your vehicle but also your financial assets. Insurance will also pay for most medical and hospital costs incurred in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of insuring your car are definitely more than the cost, especially if you ever need it. On average, a vehicle owner in Henderson is wasting up to $830 a year so it's important to compare rates at every renewal to ensure rates are competitive.

Compare rates but work with a local Henderson insurance agent

Certain consumers would prefer to get advice from a local agent and doing that can be a smart decision Licensed agents will help you protect your assets and give you someone to call. An additional benefit of getting online price quotes is you may find the lowest rates and still have an agent to talk to. Buying from local agents is definitely important in Henderson.

Find insurance agent in HendersonUpon completion of this simple form, the coverage information is submitted to agents in your area that can provide free Henderson auto insurance quotes for your coverage. You won't even need to drive around since rate quotes are delivered to you directly. If you have a need to quote rates from a specific insurance provider, you just need to navigate to their website and give them your coverage information.

Finding a good insurer should include more criteria than just a low price. These are some questions your agent should answer.

Auto insurance coverage information

Knowing the specifics of your policy helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Below you'll find the normal coverages found on most car insurance policies.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like sustaining damage from a pot hole, driving through your garage door and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It's also possible to raise the deductible on your Rio to save money on collision insurance.

Auto liability insurance

This coverage will cover damages or injuries you inflict on other people or property in an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 15/30/10 that means you have a $15,000 limit per person for injuries, $30,000 for the entire accident, and $10,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as pain and suffering, court costs and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but it's cheap coverage so purchase higher limits if possible. Nevada state minimum liability requirements are 15/30/10 but it's recommended drivers buy more liability than the minimum.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like doctor visits, surgery and X-ray expenses. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don't have enough coverage. It can pay for injuries to you and your family and damage to your Kia Rio.

Because many people carry very low liability coverage limits (15/30/10 in Nevada), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Frequently these coverages are similar to your liability insurance amounts.

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from getting keyed, theft, rock chips in glass and hitting a deer. The highest amount you'll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle's value it's not worth carrying full coverage.