Cheapest Insurance for a Kia Rio in Nashville

It’s well known that insurance companies don’t want you to look at other companies. Insureds who shop rates annually are inclined to switch insurance companies because there is a significant possibility of finding a policy with more affordable rates. A recent survey revealed that people who compared rates once a year saved as much as $3,500 over four years as compared to drivers who never shopped around for lower prices.

If finding budget-friendly rates on auto insurance in Nashville is your ultimate objective, knowing how to get price quotes and compare insurance coverage can make it easier to shop your coverage around.

Insurance rates Kia Rio in NashvilleThe best way to get cheaper Kia Rio insurance in Nashville is to compare quotes once a year from insurers who can sell car insurance in Tennessee. Drivers can shop around by completing these steps.

A crucial key to this process is that you’ll want to make sure you compare the same coverage limits and deductibles on each price quote and and to look at as many different companies as possible. Doing this enables an accurate price comparison and plenty of rates choose from.

Quoting cheaper insurance in Nashville can be fairly easy. If you are already insured or need a new policy, you can learn to get lower rates while maintaining coverages. You just need to understand the quickest method to compare price quotes from multiple carriers.

Best companies for Kia Rio insurance

The companies in the list below have been selected to offer free rate quotes in Tennessee. To locate the best cheap car insurance in Tennessee, we suggest you visit two to three different companies to get the most affordable price.

Kia Rio detailed coverage information

The table displayed next outlines estimates of policy rates for Kia Rio models. Having a good understanding how auto insurance premiums are calculated can help guide drivers when making decisions on which coverage to buy.

Kia Rio Insurance Rates in Nashville, TN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $168 $368 $342 $20 $102 $1,000 $83
Rio LX $168 $368 $342 $20 $102 $1,000 $83
Rio SX $192 $434 $342 $20 $102 $1,090 $91
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Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Table data does not factor in specific Nashville garaging location which can influence price quotes considerably.

Where to set your deductibles

One of the hardest decisions when shopping for insurance is what deductibles to buy. The rates shown below determine the rate difference between high and low coverage deductibles. The first rate comparisons uses a $250 comprehensive and collision deductible and the second data table uses a $500 deductible.

Kia Rio insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $194 $376 $326 $20 $98 $1,039 $87
Rio LX $194 $376 $326 $20 $98 $1,039 $87
Rio SX $224 $444 $326 $20 $98 $1,137 $95
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Kia Rio insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $158 $304 $326 $20 $98 $906 $76
Rio LX $158 $304 $326 $20 $98 $906 $76
Rio SX $182 $358 $326 $20 $98 $984 $82
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Premium amounts do not factor in specific zip code location which can influence prices greatly.

Based on the figures above, using a $250 deductible costs about $12 more each month or $144 every year averaged for all Rio models than requesting the higher $500 deductible. Since you would have to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you go more than 21 months between claims, you would save money if you choose a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $250 deductibles: $90
Average monthly premium for $500 deductibles (subtract): – $78
Monthly savings from raising deductible: $12
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $12
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One important caveat is that a higher deductible level means you pay more out-of-pocket when you file a claim. You need some money saved in order to pay more to get your vehicle repaired.

Comparison of full coverage and liability-only policies

The diagram below visualizes the comparison of Kia Rio auto insurance rates with and without full coverage. The price estimates are based on no claims or driving citations, $500 deductibles, marital status is single, and no discounts are applied.

When to eliminate full coverage

There isn’t a steadfast formula of when to stop paying for comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Kia Rio replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $5,000 after the policy deductible has been paid. If you are paying more than $500 annually for full coverage, the it may be a good time to stop paying for full coverage.

There are some cases where buying only liability insurance is not a good idea. If you still owe money on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Do you qualify for discounts on Kia Rio insurance in Nashville?

Auto insurance companies don’t always list all discounts very clearly, so the following list contains some of the more common and also the more inconspicuous discounts that you may qualify for.Cheaper auto insurance with discounts

A little disclaimer on discounts, some credits don’t apply to your bottom line cost. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Even though it may seem like all the discounts add up to a free policy, you won’t be that lucky. Any qualifying discounts will definitely reduce your auto insurance premiums.

The illustration below illustrates the comparison of Kia Rio insurance costs with and without policy discounts. The premium estimates are based on a female driver, a clean driving record, no claims, Tennessee state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, multi-policy, claim-free, and marriage discounts applied.

A list of auto insurance companies and their possible discounts are included below.

Before you buy a policy, ask all companies you are considering which discounts they offer. Discounts may not be available in your state.

How do Insurance Companies Determine Kia Rio Insurance Costs?

Consumers need to have an understanding of the factors that play a part in calculating the price you pay for car insurance. When you know what positively or negatively determines base rates, this helps enable you to make changes that may reward you with lower car insurance prices. Multiple criteria are used in the calculation when quoting car insurance. Some of the criteria are obvious like your driving record, but other factors are less apparent like your vehicle usage and annual miles driven.

The following are some of the most rate-impacting factors utilized by car insurance companies to help set prices.

Gender as a rate factor – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. The data does not necessarily mean that men are worse drivers. Females and males are in fender benders in similar numbers, but the men get into accidents with more damage. Men also have more aggressive citations like DUI and reckless driving.

The information below illustrates the difference between Kia Rio car insurance costs for male and female drivers. The data assumes no claims or driving citations, full physical damage coverage, $250 deductibles, single status, and no other discounts are factored in.

Little extras can really add up – There are many extra add-on coverages that sound like a good idea at the time on your car insurance policy. Things like replacement cost coverage, accident forgiveness, and term life insurance may be costing you every month. You may think they are a good idea when talking to your agent, but your money might be better spent on other coverage so consider taking them off your policy.

Save annual miles and save money – Driving more miles in a year the more you’ll pay to insure it. The majority of insurers calculate rates based upon how much you drive. Cars and trucks that are left in the garage can be on a lower rate level as compared to vehicles used primarily for driving to work. Verify your vehicle rating reflects the correct driver usage, because it can save money. An improperly rated Rio can result in significantly higher rates.

Companies want multiple policies – Lots of insurers allow discounts to policyholders who carry more than one policy in the form of a multi-policy discount. The amount of the discounts can be as much as ten percent or more Even with this discount, consumers should still compare other company rates to verify if the discount is saving money.

Costs impacted by your city – Living in a rural area can save you money when buying car insurance. Fewer drivers on the road corresponds to lower accident rates in addition to lower liability claims. People in densely populated areas tend to have more aggressive driving styles and more severe claims. Spending more time driving statistically corresponds to a higher accident and claim rate.

Does your occupation raise your prices? – Did you know your job can affect your rates? Occupations like judges, airline pilots, and stock brokers generally pay higher rates than average attributed to stressful work requirements and lots of time spent at work. On the flip side, jobs such as actors, historians and homemakers get better rates.

Kia Rio insurance loss data – Companies analyze past claim statistics as a tool for profitable underwriting. Vehicles that the statistics show to have high amounts or severity of claims will cost more to insure.

The table shown below demonstrates the insurance loss data for Kia Rio vehicles. For each type of coverage, the claim probability for all vehicles, as a total average, is equal to 100. Values that are under 100 suggest a positive loss record, while percentage values above 100 show a trend for more claims or an increased probability of a larger loss.

Car Insurance Loss Data for Kia Rio Models
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Kia Rio 90 109 81 141 158 127

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Comparing prices from local Nashville insurance agents

Some people still like to talk to an insurance agent and we recommend doing that Agents can make sure you are properly covered and help you file claims. One of the best bonuses of comparing car insurance online is that drivers can save money and get the best rates but also keep your business local. Buying insurance from local insurance agents is definitely important in Nashville.

Insurance agents in NashvilleTo make it easy to find an agent, after completing this short form, the coverage information is transmitted to agents in your area that provide free Nashville auto insurance quotes for your coverage. You won’t even need to leave your computer as quotes are delivered immediately to your email address. If you need to compare rates from a specific car insurance provider, you would need to go to their quote page and submit a quote form there.

Pick the best car insurance agent in Nashville for you

If you’re trying to find a reputable agency, it can be helpful to understand the different agency structures and how they differ in how they can insure your vehicles. Car insurance policy providers can be categorized as either exclusive or independent (non-exclusive). Either type can insure your vehicles properly, but it is a good idea to know how they differ since it may influence which agent you choose.

Independent Agents

Independent agencies do not work for one specific company so they can insure your vehicles with a variety of different insurance companies and find the cheapest car insurance rates. If your agent finds better pricing, they can switch companies in-house and you don’t have to find a new agent.

When comparing car insurance rates, it’s recommended you compare prices from several independent insurance agents to ensure the widest selection of prices.

Below is a small list of independent insurance agents in Nashville that can give you free car insurance quotes.

104 Woodmont BlvdNashville, TN 37205(615) 383-6700View Map

6202 Charlotte Pike # 1Nashville, TN 37209(615) 356-6700View Map

301 29th Ave NNashville, TN 37203(615) 321-4150View Map

More Nashville agents

Exclusive Insurance Agents

Exclusive agents have only one company to place business with and some examples include State Farm, Allstate and AAA. Exclusive agents cannot provide prices from multiple companies so they have to upsell other benefits. Exclusive agencies are usually quite knowledgeable on sales techniques which can be an advantage.

Shown below is a short list of exclusive insurance agents in Nashville that can give you rate quotes.

2592 Murfreesboro Pike bNashville, TN 37217(615) 361-1906View Map

703 Main StNashville, TN 37206(615) 271-2996View Map

171 Belle Forest CirNashville, TN 37221(615) 662-1884View Map

More Nashville agents

Finding the right auto insurance agent is decision based upon more than just the quoted price. Here are some questions to ask:

You can find affordable coverage

As you quote Nashville auto insurance, you should never sacrifice coverage to reduce premiums. In many instances, someone dropped collision coverage only to regret that it was a big error on their part. Your objective should be to buy enough coverage for the lowest cost, but don’t skip important coverages to save money.

Throughout this article, we presented many ways to reduce Kia Rio insurance rates online in Nashville. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your car insurance rates. You may even discover the lowest rates are with an unexpected company. These smaller insurers can often provide lower car insurance rates in certain areas compared to the large companies like Progressive or GEICO.

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