To save the most money, the best way to get more affordable auto insurance rates in Cincinnati is to begin comparing prices regularly from insurers in Ohio. Price quotes can be compared by following these steps.
- Spend a few minutes and learn about how insurance companies determine prices and the things you can change to prevent high rates. Many risk factors that are responsible for high rates such as at-fault accidents and a less-than-favorable credit score can be eliminated by making minor driving habit or lifestyle changes.
- Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like Progressive or Farmers Insurance, while independent agents can provide price quotes for many different companies. Select a company
- Compare the new rate quotes to the price on your current policy and determine if there is any savings. If you find a lower rate quote and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Give notification to your current company to cancel your current coverage and submit a completed policy application and payment for the new coverage. Immediately place the new certificate verifying coverage above your visor, in the console, or in the glove compartment.
One thing to point out is that you’ll want to compare the same physical damage deductibles and liability limits on each quote and and to get prices from every company you can. Doing this provides an accurate price comparison and a thorough price selection.
It’s safe to conclude that car insurance companies don’t want you shop around. Insureds who compare rates once a year are very likely to switch companies because they have good chances of finding a policy with better rates. A recent survey discovered that drivers who shopped around saved about $72 a month compared to other drivers who never shopped around for better prices.
If finding the cheapest price on Kia Rio insurance is your objective, learning how to compare insurance coverage can make shopping around easier.
Buying affordable auto insurance in Cincinnati is quite easy. If you are paying for car insurance now, you will surely be able to lower your rates using the techniques covered below. Nevertheless, Ohio drivers do need to understand how insurance companies determine what you pay because rates are impacted by many factors.
When comparing car insurance rates, know that comparing a large number of companies helps increase your odds of locating lower pricing.
The companies shown below are ready to provide price comparisons in Cincinnati, OH. If multiple companies are listed, we recommend you visit as many as you can to get a more complete price comparison.
Lower-cost Cincinnati auto insurance rates with discounts
Auto insurance companies don’t always publicize all possible discounts in an easy-to-find place, so the list below gives a summary of some of the best known as well as some of the hidden credits available to lower your premiums when you buy Cincinnati car insurance online. If they aren’t giving you every credit possible, you may be paying too high a price.
- Theft Prevention Discount – Cars and trucks that have factory anti-theft systems help deter theft and qualify for as much as a 10% discount.
- Discounts for Safe Drivers – Drivers without accidents can get discounts for up to 45% lower rates than their less cautious counterparts.
- Defensive Driving Course – Completing a course that instructs on driving safety could cut 5% off your bill depending on where you live.
- Low Mileage – Low annual miles could qualify for slightly better rates than normal.
- Multi-car Discount – Buying insurance for multiple vehicles on a single policy can get a discount for every vehicle.
- Early Payment Discounts – If paying your policy premium upfront rather than spreading payments over time you may reduce your total bill.
- Active Service Discounts – Being deployed with a military unit could be rewarded with lower auto insurance rates.
- Own a Home and Save – Just owning your own home can save a few bucks because of the fact that having a home demonstrates responsibility.
While discounts sound great, it’s important to understand that most discount credits are not given to the whole policy. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like you can get free auto insurance, it doesn’t quite work that way.
The diagram below compares Kia Rio auto insurance rates with and without discounts applied to the policy premium. The data is based on a female driver, no accidents, no driving violations, Ohio state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, homeowner, safe-driver, multi-policy, and claim-free discounts applied.
Car insurance companies that may offer quotes with most of these discounts include:
- Mercury Insurance
- Farmers Insurance
- Auto-Owners Insurance
- Liberty Mutual
When comparing rates, check with every company to give you their best rates. Depending on the company, some discounts might not apply everywhere.
Kia Rio coverage statistics
The premium information shown below showcases a range of insurance costs for Kia Rio models. Learning a little about how auto insurance prices are figured is important for making smart choices when comparing insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Estimates do not factor in specific location which can alter rates significantly.
Premiums by gender and age
The diagram below compares Kia Rio insurance rates for male and female drivers. The data is based on a clean driving record, no at-fault accidents, comp and collision included, $100 deductibles, marital status is single, and no policy discounts are applied.
Kia Rio liability-only versus full coverage
The diagram below shows the difference between Kia Rio insurance costs with full physical damage coverage and with liability coverage only. Data assumes no claims, a clean driving record, $100 deductibles, drivers are not married, and no policy discounts are applied.
Should you be buying full coverage?
There is no written rule to exclude full coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
For example, let’s pretend your Kia Rio book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $4,000 after the deductible is paid. If you are paying over $400 annually for full coverage, then you may need to consider dropping full coverage.
There are some situations where dropping full coverage is not advised. If you still have a loan on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.
Kia Rio Insurance Premium Factors
Part of the insurance buying process is learning some of the things that aid in calculating insurance rates. When you understand what determines premiums, this allows you to make educated decisions that can earn you lower insurance prices. Lots of things are considered when pricing auto insurance. Some are pretty understandable such as your driving record, although some other factors are more obscure such as your credit history or how financially stable you are.
- Filing insurance claims can cost you more – Car insurance companies in Ohio provide discounts to people who file claims infrequently. If you are a frequent claim filer, you can definitely plan on higher rates. Auto insurance is designed for more catastrophic claims.
- Higher rates for specific jobs – Careers such as fire fighters, executives, and emergency personnel generally pay higher premium rates in part from intense work-related stress and lots of time spent away from family. Other jobs such as professors, historians and performers get better rates.
- No policy gaps is important – Driving any period of time without insurance is a big no-no and any future policy may cost more because you let your coverage have a gap. In addition to paying higher premiums, not being able to provide proof of insurance might get you a fine, jail time, or a revoked license.
- Lower rates for safer cars – Safe vehicles tend to be cheaper to insure. Vehicles built for safety protect occupants better and reduced instances of injuries means less money paid by your insurance company and lower rates for you. If your Kia Rio has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
- How much liability protection do you need? – Your insurance policy’s liability coverage provides coverage if a jury decides you are liable for causing personal injury or damage in an accident. Liability provides legal defense coverage which can be incredibly expensive. Liability insurance is quite affordable when compared with rates for comp and collision, so buy as much as you can afford.
Insurance loss data for a Kia Rio – Auto insurance companies analyze the history of losses when determining insurance costs. Models that the data shows to have higher claim amounts or frequency will have a higher cost to insure.
The data below shows the actual insurance loss data for Kia Rio vehicles. For each policy coverage type, the loss probability for all vehicles as a whole is set at 100. Values under 100 mean the vehicle has better than average losses, while numbers above 100 indicate more frequent losses or statistically larger claims.
Kia Rio Insurance Claim Statistics Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Kia Rio 90 109 81 141 158 127BETTERAVERAGEWORSE
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Local neighborhood insurance agents
Some consumers just prefer to go talk to an agent and we recommend doing that The biggest benefit of comparing auto insurance online is you can get cheaper prices but still work with a licensed agent.
After completing this quick form, your insurance coverage information is instantly submitted to participating agents in Cincinnati who will gladly provide quotes for your coverage. You won’t even need to contact any agents due to the fact that quote results will go to you directly. You’ll get the best rates AND a local agent. If for some reason you want to get a rate quote from a specific insurance company, you can always find their quoting web page and submit a quote form there.
Choosing the best company is decision based upon more than just the premium amount. The answers to these questions are important, too.
- What companies can they write with?
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Is assistance available after office hours?
- Has the agent ever had any license suspensions?
- What will you get paid if your car is a total loss? How is that amount determined?
- Is there a Errors and Omissions policy in force?
- Can you use your own choice of collision repair facility?
If you want to use a reputable agency, you should know the types of agencies and how they can service your needs differently. Auto insurance policy providers are categorized either exclusive or independent (non-exclusive).
Exclusive Auto Insurance Agents
Agents that choose to be exclusive can only quote rates from one company and examples are Farmers Insurance, State Farm, Allstate, and AAA. They are unable to compare rates from other companies so they have to upsell other benefits. Exclusive agencies are well schooled on sales techniques and that allows them to sell at a higher price point.
The following is a list of exclusive agencies in Cincinnati who may provide you with rate quotes.
Independent Agents (or Brokers)
Agents in the independent channel are not employed by one company and that allows them to write policies through many different auto insurance companies and find the cheapest auto insurance rates. If premiums increase, your policy is moved internally and that require little work on your part. When comparing rate quotes, you need to get insurance quotes from multiple independent agents so that you can do a thorough price comparison.
Shown below are Cincinnati independent insurance agencies who can help you get price quote information.
Compare but don’t skimp
We just covered a lot of information how to compare Kia Rio insurance prices in Cincinnati. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding the cheapest Kia Rio rate quotes. Consumers may even find the best price on insurance is with a lesser-known regional company. Smaller companies often have lower rates on specific markets compared to the large companies like Allstate, GEICO and Progressive.
As you shop your coverage around, never buy lower coverage limits just to save a few bucks. Too many times, an insured dropped uninsured motorist or liability limits only to discover later that they should have had better coverage. Your goal should be to find the BEST coverage at the best cost, but do not sacrifice coverage to save money.
More tips and info about insurance is available in these articles:
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Who Has Cheap Auto Insurance Rates for a Nissan Rogue in Cincinnati? (FAQ)
- Who Has Cheap Car Insurance for Lyft Drivers in Cincinnati? (FAQ)
- Distracted Driving (Insurance Information Institute)
- Preventing Carjacking and Theft (Insurance Information Institute)
- Young Drivers: The High Risk Years Video (iihs.org)
- Speed and Speed Limit FAQ (iihs.org)