Remarkably, a study showed that nearly 70% of drivers have bought car insurance from the same company for at least four years, and just short of a majority have never compared rates from other carriers. Most drivers in Anchorage can save as much as 35% each year just by getting comparison quotes, but most just don’t grasp the amount of savings they would get if they just switched companies.
The most effective way to find better pricing on Kia Rio insurance is to regularly compare price quotes from different companies who provide car insurance in Anchorage. You can compare prices by following these guidelines.
- First, get an understanding of auto insurance and the factors you can control to keep rates low. Many things that increase rates like accidents, traffic tickets, and a lousy credit rating can be eliminated by paying attention to minor details. Continue reading for information to help prevent expensive coverage and find more discounts that you may not know about.
- Second, compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or Farmers Insurance, while independent agencies can provide price quotes from multiple insurance companies.
- Third, compare the quotes to your existing rates to see if a cheaper price is available in Anchorage. If you can save some money and decide to switch, make sure there is no lapse in coverage.
- Fourth, notify your agent or company of your decision to cancel your current car insurance policy. Submit a completed policy application and payment to your new insurance company. As soon as you have the new policy, store the certificate verifying proof of insurance somewhere easily accessible.
The key aspect of shopping around is to try to use similar limits and deductibles on every quote and and to get price quotes from as many companies as you can. Doing this provides a fair price comparison and a complete price analysis.
The easiest way to compare rate quotes for Kia Rio insurance in Anchorage is to understand most larger insurance companies will pay a fee to provide you with a free rate quote. The only thing you need to do is give them rating details like if you are currently licensed, if a SR-22 is required, whether you have decent credit, and how old drivers are. That information is instantly sent to multiple different insurance companies and they provide comparison quotes quickly.
If you wish to get multiple quotes for your Kia Rio now, click here and complete the form.
The companies shown below are ready to provide free rate quotes in Alaska. To get cheaper car insurance in Alaska, we suggest you visit two to three different companies to get the lowest price.
Affordable rates with discounts
Car insurance can be pricey, but you might be missing out on some discounts that you may not even know about. Certain discounts will be applied at quote time, but once in a while a discount must be asked for in order for you to get them.
- Smart Student Discounts – Maintaining excellent grades may save you up to 25%. The discount lasts until age 25.
- Onboard Data Collection – Anchorage drivers who agree to allow driving data collection to study when and where they use their vehicle by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates as long as they are good drivers.
- Drivers Education – Teen drivers should complete a driver education course in school.
- Save with a New Car – Buying insurance coverage on a new vehicle can get you a discount due to better safety requirements for newer models.
- Federal Government Employee – Federal government employees could qualify for a slight premium decrease but check with your company.
- Multi-Vehicle Discounts – Buying a policy with all your vehicles on a single policy qualifies for this discount.
- Accident Forgiveness – This one is not really a discount per se, but certain companies will turn a blind eye to one accident before hitting you with a surcharge so long as you haven’t had any claims prior to the accident.
- Cautious Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates as compared to drivers with claims.
- Distant Student – Youth drivers living away from Anchorage attending college and leave their car at home may qualify for this discount.
One last thing about discounts, most discounts do not apply to the entire cost. Some only reduce specific coverage prices like comp or med pay. If you do the math and it seems like you can get free auto insurance, you won’t be that lucky.
The illustration below illustrates the difference between Kia Rio insurance costs with and without policy discounts. The price estimates are based on a male driver, no violations or accidents, Alaska state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-policy, marriage, claim-free, and multi-car discounts applied.
To view insurers that can offer you the previously mentioned discounts in Alaska, click here.
Car insurance analysis for a Kia Rio
The data table displayed next outlines estimates of rate quotes for Kia Rio models. Having a better idea how rate quotes are figured can be valuable when making decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Rio | $176 | $414 | $348 | $20 | $104 | $1,062 | $89 |
| Rio LX | $176 | $414 | $348 | $20 | $104 | $1,062 | $89 |
| Rio SX | $202 | $488 | $348 | $20 | $104 | $1,162 | $97 |
| Get Your Own Custom Quote Go | |||||||
Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Estimates do not factor in garaging location in Anchorage which can alter coverage prices greatly.
Raise deductibles and save
One of the more difficult decisions when buying car insurance is which comprehensive and collision deductibles to buy. The rates shown below can help you understand the differences in price between low and high comp and collision deductibles. The first rate table uses a $250 deductible for comprehensive and collision coverage and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Rio | $184 | $354 | $308 | $18 | $92 | $981 | $82 |
| Rio LX | $184 | $354 | $308 | $18 | $92 | $981 | $82 |
| Rio SX | $210 | $418 | $308 | $18 | $92 | $1,071 | $89 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Rio | $114 | $222 | $308 | $18 | $92 | $754 | $63 |
| Rio LX | $114 | $222 | $308 | $18 | $92 | $754 | $63 |
| Rio SX | $130 | $262 | $308 | $18 | $92 | $810 | $68 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Premium amounts do not factor in garaging location in Anchorage which can raise or lower rates noticeably.
Using the premium rates above, we can conclude that using a $250 deductible could cost the average driver approximately $19 more each month or $228 a year than quoting the higher $1,000 deductible. Because you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you go at least 39 months between claim filings, you would save more money if you elect the higher deductible.
The example below highlights how deductible choice and can affect Kia Rio annual premium costs for different age groups of insureds. The prices are based on a single male driver, comp and collision included, and no policy discounts are applied.
Rate increases following a ticket or accident
The information below demonstrates how citations and accident claims can raise Kia Rio insurance premiums for each different age group. The data assumes a married male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.
Kia Rio insurance premiums by gender and age
The example below illustrates the comparison of Kia Rio premium costs for male and female drivers. The costs are based on no accidents, no driving violations, full physical damage coverage, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
Four factors that affect insurance premiums
The best way to find cheaper car insurance is to take a look at the rating factors that are used to determine your policy premiums. If you have some idea of what influences your rates, this allows you to make good choices that will entitle you to lower rates.
- Marriage brings a discount – Having a significant other may cut your premiums when shopping for car insurance. It means you’re more responsible and statistics prove being married results in fewer claims.
- Do you work long hours in a tough vocation? – Do you work in a high-stress field? Jobs such as real estate brokers, airline pilots, and stock brokers usually pay higher premium rates attributed to intense work situations and extremely grueling work hours. Other careers such as professors, students and homemakers get better rates.
- Amount of liability protection – A critical coverage on your policy, liability insurance provides coverage in the event that you are responsible for causing personal injury or damage in an accident. Your liability coverage provides legal defense starting from day one. This coverage is relatively inexpensive as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.
- Where do you drive? – Driving a lot of miles annually the more it will cost to insure it. The majority of insurers charge to insure your cars based upon how much you drive. Cars and trucks used primarily for pleasure use can get a lower rate than those that get driven frequently. Make sure your car insurance policy states the correct driver usage, because it can save money. Having the wrong rating on your Rio may be wasting your money.
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Insurance loss data for Kia Rio vehicles – Companies analyze historical claim data to calculate a rate that will offset losses. Models that are shown to have higher loss trends will cost more for specific coverages. The table below demonstrates the historical loss data for Kia Rio vehicles.
For each policy coverage type, the statistical loss for all vehicles averaged together is set at 100. Numbers below 100 represent a good loss history, while percentages above 100 indicate a higher chance of having a claim or a tendency for claims to be larger.
Kia Rio Insurance Claim Statistics Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Kia Rio 90 109 81 141 158 127 BETTERAVERAGEWORSEStatistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Local Anchorage auto insurance agents
Many people prefer to visit with an insurance agent and that can be a smart move Experienced insurance agents can make sure you are properly covered and give you someone to call. One of the best bonuses of price shopping on the web is that you can obtain the lowest rates and still have a local agent. Buying insurance from neighborhood insurance agencies is definitely important in Anchorage.
After filling out this short form, the coverage information is transmitted to local insurance agents that can provide free Anchorage auto insurance quotes for your car insurance coverage. There is no reason to contact any insurance agencies due to the fact that quote results will go to you. If you have a need to get a comparison quote from one company in particular, you would need to visit that company’s website and fill out the quote form the provide.
If you need to find a local Anchorage insurance agent, there are a couple of different agency structures and how they can service your needs differently. Insurance agencies in Anchorage are considered either independent agents or exclusive agents. Either one can handle car insurance, but it is a good idea to know the differences because it can factor into the type of agent you choose.
Independent Agencies or Brokers
These agents are not restricted to one company so they can write business with lots of companies and help determine which has the cheapest rates. If they find a cheaper price, the agent simply finds a different carrier which requires no work on your part.
If you need lower rates, you will definitely want to contact a couple of independent agencies to have the most options to choose from.
Below are independent insurance agencies in Anchorage that may be able to provide price quote information.
Kevin Dykman Agency
4450 Cordova St #120 – Anchorage, AK 99503 – (907) 563-5300 – View Map
Safeco Insurance
500 W 36th Ave #210 – Anchorage, AK 99503 – (907) 770-2400 – View Map
Integrity Insurance Agency
1505 W 34th Ave – Anchorage, AK 99503 – (844) 878-0258 – View Map
Exclusive Car Insurance Agents
Agents in the exclusive channel write business for a single company such as AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents are unable to provide rate quotes from other companies so you might not find the best rates. Exclusive insurance agents are well trained on sales techniques and that can be a competitive advantage.
Shown below are exclusive insurance agencies in Anchorage that are able to give price quotes.
Bill Evans – State Farm Insurance Agent
805 Gambell St – Anchorage, AK 99501 – (907) 276-2424 – View Map
Doug McCann – State Farm Insurance Agent
360 Boniface Pkwy, Ste B5 – Anchorage, AK 99504 – (907) 272-6442 – View Map
Tim Graham – State Farm Insurance Agent
1417 W Northern Lights Blvd A – Anchorage, AK 99503 – (907) 561-4000 – View Map
Finding a good auto insurance agent shouldn’t rely on just a cheap quote. These are some valid questions you should ask.
- How are claims handled?
- What company do they have the most business with?
- What companies can they write with?
- How many years have they been established?
- Do the companies they represent have a solid financial rating?
- Are there any discounts that you might be missing?
- Does the quote include credit and driving reports?
- Can you get a list of referrals?
Once you have received positive responses to any questions you may have and the cheapest Kia Rio insurance in Anchorage quotes, it’s possible that you found an insurance agency that can properly service your car insurance policy.
Quote. Compare. Save.
While you’re price shopping online, it’s a bad idea to skimp on coverage in order to save money. In too many instances, an insured cut liability limits or collision coverage to discover at claim time that the few dollars in savings costed them thousands. Your focus should be to buy a smart amount of coverage for the lowest price, but do not skimp to save money.
Discount Kia Rio insurance in Anchorage can be bought online and from local insurance agents, so get free Anchorage auto insurance quotes from both of them to get a complete price analysis. Some insurance companies may not offer rate quotes online and these smaller companies work with independent insurance agencies.
Other learning opportunities
- Booster Seat Ratings (iihs.org)
- Who Has Affordable Anchorage Auto Insurance Rates for Good Students? (FAQ)
- What Auto Insurance is Cheapest for Business Use in Anchorage? (FAQ)
- What is a Telematics Device? (Allstate)
- Understanding Car Crashes Video (iihs.org)
- How Much Auto Coverage do I Need? (Insurance Information Institute)