Think you have high-priced Kia Rio insurance in Fort Collins? It's a common feeling and there are many Fort Collins consumers feeling the pinch from expensive car insurance.

Insurance quote for Kia Rio in Fort CollinsInconceivable but true, a large majority of drivers have bought car insurance from the same company for over three years, and approximately 40% of consumers have never compared car insurance rates at all. Consumers in Fort Collins could save an average of as much as $605 each year by just shopping around, but they don't invest the time required to compare rates online.

Insurance companies such as State Farm, Progressive and GEICO increase brand awareness with TV and radio ads and it is difficult to not get sucked in by the cute commercials and take the time to shop coverage around.

If you already have coverage, you will definitely be able to cut your premiums using the techniques presented in this article. Finding affordable insurance coverage in Fort Collins is really not that difficult. But Colorado car owners do need to know the methods companies use to determine how much to charge and use it to find better rates.

When shopping for Kia Rio insurance in Fort Collins there are multiple ways of comparing rate quotes from lots of Colorado insurance companies. By far the easiest way to compare Kia Rio insurance prices is simply to get online rate quotes.

Getting free price quotes online is quite simple, and it replaces the need to spend time driving to local Fort Collins insurance agencies. The internet has reduced the need for local agents unless you have a complicated situation and need the trained advice only provided by licensed Fort Collins agents. However, consumers can get prices online but purchase the actual policy in an agency. It's important to know that quoting more helps you find a lower rate than you're paying now. Some regional insurers cannot provide rate quotes online, so it's important to compare prices on coverage from those companies, too.

The companies in the list below offer price quotes in Colorado. If multiple companies are listed, we recommend you visit several of them to find the lowest auto insurance rates.

Kia Rio Insurance Price Estimates in Fort Collins, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $270 $458 $520 $30 $156 $1,434 $120
Rio LX $232 $526 $480 $28 $144 $1,410 $118
Rio SX $162 $332 $404 $24 $122 $1,044 $87
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Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Premium costs do not factor in vehicle location which can affect premiums considerably.

Deductible analysis

When comparing auto insurance rates, the most common question is where to set your physical damage deductibles. The data tables below may help to conceptualize the differences in price between high and low insurance deductibles. The first rate table uses a $250 physical damage coverage deductible and the second price table uses a $500 deductible.

Kia Rio insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $236 $458 $396 $24 $118 $1,257 $105
Rio LX $236 $458 $396 $24 $118 $1,257 $105
Rio SX $272 $538 $396 $24 $118 $1,373 $114
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Kia Rio insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Rio $192 $368 $396 $24 $118 $1,098 $92
Rio LX $192 $368 $396 $24 $118 $1,098 $92
Rio SX $220 $434 $396 $24 $118 $1,192 $99
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in zip code location which can change prices noticeably.

Based on this data, using a $250 deductible costs an average of $14 more each month or $168 every year than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you have at least 18 months between claims, you would probably be better off if you choose the higher deductible.

Calculate deductible break even point

Average monthly premium for $250 deductibles: $108
Average monthly premium for $500 deductibles (subtract): - $94
Monthly savings from raising deductible: $14
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

You may qualify for discounts for Kia Rio insurance in Fort Collins

Companies offering auto insurance don't always publicize all available discounts very well, so the following list contains both well-publicized and also the more inconspicuous discounts that you can inquire about if you buy Fort Collins car insurance online. If you're not getting every credit you qualify for, you are throwing money away.Discount insurance

We need to note that most credits do not apply to all coverage premiums. Most only reduce individual premiums such as comprehensive or collision. If you do the math and it seems like you can get free auto insurance, nobody gets a free ride.

A partial list of companies that may include some of the discounts shown above include:

If you want the cheapest Kia Rio rate quotes, ask every insurance company how many discounts you can get. Some of the earlier mentioned discounts might not apply in Fort Collins. To locate companies with the best discounts in Fort Collins, follow this link.

Decisions You Make Can Impact Your Insurance Prices

A large part of saving on auto insurance is knowing the rating factors that come into play when calculating your auto insurance rates. When consumers understand what impacts premium levels, this enables you to make decisions that could result in better auto insurance rates. Multiple criteria are part of the calculation when you get your auto insurance bill. Some factors are common sense such as traffic violations, but some are more transparent like where you live or your commute time.

Shown below are some of the most rate-impacting factors used by insurance companies to determine premiums.

Cheaper rates with high comp and collision deductibles - The deductibles are how much you are willing to pay before your auto insurance pays a claim. Insurance for physical damage to your car, aka comp and collision, covers damage that occurs to your car. Examples of covered claims would be rearending another vehicle, hail damage, or theft of your vehicle. The more expense the insured has to pay upfront, the less money you will pay for auto insurance.

Being married is a bonus - Walking down the aisle can actually save you money when buying auto insurance. Having a significant other is viewed as being more mature and responsible and it's statistically proven that married drivers tend to have fewer serious accidents.

High credit score translates to low prices - Credit rating is a big factor in determining premium rates. Drivers who have excellent credit scores tend to file fewer claims than those with lower credit ratings. If your credit rating leaves room for improvement, you may save money insuring your Kia Rio if you clean up your credit.

Youthful drivers pay high premiums - Inexperience drivers are statistically shown to be inattentive when behind the wheel so they pay higher auto insurance rates. Adding a youthful driver to your policy can break the bank. More mature drivers are more cautious drivers, tend to cause fewer accidents, and get fewer tickets.

Kia Rio historical loss data - Insurance companies include the past claim history for a vehicle as a tool for profitable underwriting. Models that the data determines to have increased losses will be charged more to insure. The next table illustrates the historical insurance loss data for Kia Rio vehicles.

For each coverage type, the loss probablilty for all vehicles as a whole is set at 100. Numbers under 100 are indicative of better than average losses, while values over 100 point to more claims or 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

Insurance is available from local insurance agents

Some consumers still like to visit with an insurance agent and doing so can bring peace of mind An additional benefit of comparing rates online is you may find lower car insurance rates and still choose a local agent.

After completing this form (opens in new window), your insurance coverage information is transmitted to local insurance agents that give free quotes for your business. You don't have to find an agent due to the fact that quote results will go to you directly. You can get cheaper insurance rates AND an agent nearby. In the event you want to compare rates from a specific insurance company, you would need to visit that company's website and fill out the quote form the provide.

Finding the right insurer shouldn't rely on just a cheap price quote. These are some questions your agent should answer.

When narrowing the list to find local Fort Collins agents, there are two different types of agents and how they differ in how they quote coverages. Insurance agencies in Fort Collins are either independent agents or exclusive agents depending on their employer.

Exclusive Insurance Agents

Exclusive insurance agents normally can only provide a single company's rates and examples are Allstate, State Farm and Farmers Insurance. Exclusive agents are unable to place coverage with different providers so you might not find the best rates. These agents are usually quite knowledgeable on what they offer and that allows them to sell at a higher price point.

Shown below is a list of exclusive insurance agencies in Fort Collins who may provide you with comparison quotes.

103, 4212 S College Ave - Fort Collins, CO 80525 - (970) 226-1200 - View Map

3636 S College Ave - Fort Collins, CO 80525 - (970) 223-1111 - View Map

1136 E Stuart St #2220 - Fort Collins, CO 80525 - (970) 223-2911 - View Map

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Independent Insurance Agents

Agents that choose to be independent are normally appointed by many insurers so they have the ability to put coverage through lots of different companies and help determine which has the cheapest rates. If they find a cheaper price, your policy is moved internally which makes it simple for you. If you need lower rates, you will definitely want to include rate quotes from at least one independent agent to get the best comparison.

Listed below is a list of independent insurance agencies in Fort Collins that can give you price quotes.

4532 Mcmurry Ave Ste 101 - Fort Collins, CO 80525 - (970) 206-0800 - View Map

Colorado - B W Insurance Agency Inc
1075 W Horsetooth Rd # 106 - Fort Collins, CO 80526 - (970) 223-0924 - View Map

2627 Redwing Rd #330 - Fort Collins, CO 80526 - (970) 223-5902 - View Map

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After receiving positive responses to these questions as well as a price you're happy with, you may have found an insurance agency that meets the requirements to properly service your insurance policy. It's important to know that once you purchase a policy you can cancel your coverage whenever you choose to so don't assume that you are permanently stuck with a specific agent for the full term.

Car insurance can be complex

When quoting and comparing coverage online or from an agent, there really isn't a one size fits all plan. Every insured's situation is different.Higher deductibles save money

For instance, these questions can aid in determining if your insurance needs will benefit from professional help.

If it's difficult to answer those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form.

Find affordable insurance rates by comparing often

You just learned a lot of techniques to compare Kia Rio insurance car insurance rates in Fort Collins. The key concept to understand is the more you quote Fort Collins car insurance, the higher your chance of finding cheaper Fort Collins car insurance quotes. Consumers could even find that the lowest car insurance rates are with a lesser-known regional company.

As you shop your coverage around, it's very important that you do not buy lower coverage limits just to save a few bucks. There are a lot of situations where drivers have reduced comprehensive coverage or liability limits and discovered at claim time that the few dollars in savings costed them thousands. Your goal is to buy enough coverage at a price you can afford, but don't skip important coverages to save money.

People switch companies for a variety of reasons including an unsatisfactory settlement offer, unfair underwriting practices, policy non-renewal and even denial of a claim. No matter why you want to switch, choosing a new company can be less work than you think.

Additional detailed information is available by following these links: