Cheapest Kia Rio Insurance in Milwaukee

Want to learn the secrets to finding lower-priced Kia Rio insurance in Milwaukee? Having to pay for pricey auto insurance in Milwaukee can consume your savings and force you to prioritize other expenses. Comparing rate quotes is free, only takes a few minutes, and is a good way to make ends meet.

Sadly, most consumers have remained with the same auto insurance company for four years or more, and just short of a majority have never compared rate quotes at all. Wisconsin drivers can save hundreds of dollars each year, but they just feel it’s too hard to do a rate comparison.

Big-name insurance companies like State Farm, GEICO and Farmers Insurance continually hit you with TV and radio ads and consumers find it hard to see through the deception and find the best price available.

Smart consumers take time to price shop coverage quite often due to the fact that insurance prices trend upward over time. If you had the lowest rates on Kia Rio insurance in Milwaukee two years ago there may be better deals available now. Forget all the misinformation about auto insurance because we’re going to show you the fastest and easiest way to lower your annual insurance bill.

When comparison shopping, getting more free quotes increases the chance that you will find lower pricing. Not every company does price estimates online, so it’s important to compare quotes on coverage from those companies, too.

The companies in the list below have been selected to offer quotes in Wisconsin. If multiple companies are listed, we suggest you get prices from several of them to get the best price comparison.

Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Prices do not factor in zip code location which can change prices noticeably.

Full coverage versus liability only rates

The information below visualizes the comparison of Kia Rio insurance premiums with full coverage and liability only. The information is based on no driving violations, no at-fault accidents, $500 deductibles, single male driver, and no discounts are factored in.

Should you pay for full coverage?

There isn’t a written rule for excluding physical damage insurance, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Kia Rio settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $8,000 after the deductible is paid. If it’s costing you more than $800 annually to have full coverage, then it may be the right time to buy liability only.

There are some circumstances where dropping physical damage coverage is not in your best interest. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.

Analysis of deductible levels

When comparing car insurance rates, the most common question is how high should the deductibles for physical damage be. The comparisons below may aid in understanding the differences in premium rates between high and low comp and collision deductibles. The first set of rates uses a $250 deductible for comp and collision and the second data table uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Price information does not factor in specific zip code location which can lower or raise premiums significantly.

Based on the data above, we can derive that using a $250 deductible will cost you approximately $17 more each month or $204 for a full year than buying the higher $1,000 deductible. Since you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you have at a minimum 44 months between claims, you would come out ahead if you opt for a higher deductible. The illustration below shows a better example of how this calculation is made.

An important thing to remember is that raising deductibles means you will have to cover more of the damage yourself when you have to file a claim. You need to have enough extra money in the event you need to pay the deductible.

Impact of speeding/accidents on Milwaukee car insurance rates

The illustration below illustrates how speeding tickets and at-fault fender-benders raise Kia Rio car insurance costs for different insured age categories. The data is based on a single male driver, comp and collision included, $100 deductibles, and no discounts are applied.

Save a ton on Kia Rio insurance in Milwaukee with these seven discounts

Buying auto insurance is not cheap, but you may be missing some discounts that many people don’t even know exist. Certain credits will be shown at quote time, but some need to be specifically requested before they will apply.

• Senior Citizen Discount – Drivers over the age of 55 may receive lower premium rates.
• Multiple Policy Discount – If you have multiple policies and insure them both with the same insurance company you could save at least 10 to 15 percent or more.
• No Claims – Good drivers with no accidents are rewarded with significantly better rates on Milwaukee auto insurance quote in comparison with frequent claim filers.
• Federal Employees – Active or former government employment may qualify for a discount when you quote Milwaukee auto insurance with certain companies.
• College Student – Youth drivers living away from Milwaukee attending college and don’t have a car may be insured at a cheaper rate.
• Include Life Insurance and Save – If the company offers life insurance, you could get a discounted rate on car insurance if you buy auto and life insurance together.
• More Vehicles More Savings – Drivers who insure multiple vehicles on one policy could earn a price break for each car.

Remember that most of the big mark downs will not be given to the entire cost. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. So when it seems like you would end up receiving a 100% discount, you aren’t that lucky. But any discount should help reduce the amount you pay for coverage.

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

• 21st Century offers premium reductions for automatic seat belts, driver training, homeowners, 55 and older, and early bird.
• State Farm may offer discounts for passive restraint, driver’s education, student away at school, accident-free, and good student.
• AAA has savings for good driver, anti-theft, multi-policy, AAA membership discount, multi-car, education and occupation, and good student.
• Liberty Mutual offers discounts for good student, newly retired, exclusive group savings, new move discount, multi-car, hybrid vehicle, and teen driver discount.
• Progressive may have discounts that include online signing, multi-policy, continuous coverage, homeowner, and multi-vehicle.

It’s a good idea to ask every company which discounts you may be entitled to. All car insurance discounts may not be offered in Milwaukee. To choose providers offering auto insurance discounts in Milwaukee, click this link.

Buying insurance from Milwaukee auto insurance agents

A lot of people still like to sit down and talk to an agent and that is a personal choice. A nice benefit of getting free rate quotes online is that you can find cheap rate quotes and still choose a local agent.

By using this simple form, the quote information gets sent to companies in Milwaukee that can provide free Milwaukee auto insurance quotes for your coverage. It’s much easier because you don’t need to visit any agencies because quoted prices will be sent to the email address you provide. You can find better rates without a big time investment. If for some reason you want to get a rate quote from one company in particular, you just need to go to their quote page to submit a rate quote request.

Finding the right provider requires more thought than just the bottom line cost. Any agent in Milwaukee should be willing to answer these questions.

• Can they provide you with a list of referrals?
• How long has their agency been in business in Milwaukee?
• What companies can they write with?
• Are they primarily personal or commercial lines agents in Milwaukee?
• Which companies do they recommend if they are an independent agency?
• Do they get paid more for recommending certain coverages?

Exclusive agents vs. Independent agents

If you want to buy insurance from a reputable insurance agent or broker, it’s helpful to know the different agency structures and how they can write your policy. Milwaukee agents are classified as either exclusive or independent.

Exclusive Agencies

Exclusive insurance agents can only write with one company and examples are American Family, State Farm, and AAA. These agents are not able to provide rate quotes from other companies so keep that in mind. They receive a lot of sales training on the products they sell which helps offset the inability to provide other markets.

Below are Milwaukee exclusive insurance agencies willing to provide price quotes.

View more Milwaukee agents

Independent Insurance Agents

Agents in the independent channel are not limited to a single company and that gives them the ability to insure through many different insurance companies and find the cheapest insurance rates. If they quote lower rates, they simply switch companies in-house and you won’t have to switch agencies.

If you need lower rates, you should always compare quotes from independent agents to get the best comparison.

Listed below is a list of independent agencies in Milwaukee that can give you comparison quotes.

View more Milwaukee agents

After you get satisfactory answers to any questions you have and an affordable coverage quote, you may have just found an insurance agency that is reliable enough to insure your vehicles. Keep in mind it’s your coverage and you can terminate your policy any time you want so don’t assume you’re contractually obligated to your new company for any length of time.

Coverages available on your policy

Knowing the specifics of your auto insurance policy helps when choosing which coverages you need for your vehicles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverage types found on the average auto insurance policy.

Auto liability insurance

This coverage protects you from damage that occurs to other people or property in an accident. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/10 that translate to $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $10,000 paid for damaged property.

Liability coverage pays for things like repair costs for stationary objects, bail bonds and legal defense fees. How much liability should you purchase? That is up to you, but you should buy as high a limit as you can afford. Wisconsin requires minimum liability limits of 25/50/10 but you should consider buying higher limits.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for short-term medical expenses such as surgery, dental work, X-ray expenses, funeral costs and doctor visits. They are used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants and will also cover getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Kia Rio.

Since many Wisconsin drivers only carry the minimum required liability limits (25/50/10 in Wisconsin), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Coverage for collisions

This will pay to fix damage to your Rio caused by collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for things like hitting a mailbox, driving through your garage door, crashing into a ditch and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible on your Rio to bring the cost down.

Comprehensive insurance

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as damage from getting keyed, hitting a bird, rock chips in glass, hitting a deer and falling objects. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

More quotes mean more auto insurance savings

As you shop your coverage around, never buy less coverage just to save a little money. There have been many situations where an insured dropped collision coverage only to find out that their decision to reduce coverage ended up costing them more. Your objective should be to find the BEST coverage at the lowest possible cost but still have enough coverage for asset protection.

We just covered many ways to save on Kia Rio insurance in Milwaukee. It’s most important to understand that the more you quote Milwaukee auto insurance, the better likelihood of getting the cheapest Kia Rio rate quotes. You may even be surprised to find that the biggest savings come from a smaller regional carrier. Regional companies may have significantly lower car insurance rates on certain market segments as compared to the big name companies such as Allstate and Progressive.

More tips and info about auto insurance is located by following these links:

• Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
• Who Has Cheap Auto Insurance for a GMC Sierra in Milwaukee? (FAQ)
• What is Gap Insurance? (Insurance Information Institute)
• Understanding Limits and Deductibles (Allstate)