Do you need a better way to compare more affordable auto insurance rates in Philadelphia, PA? Philadelphia buyers have options when searching for low-cost Kia Rio insurance. You can either spend your time driving around getting price quotes or leverage the internet to find the lowest rates.
There are both good and bad ways to shop for auto insurance so we’re going to tell you the absolute fastest way to quote coverages for your Kia and get the lowest possible price either online or from Philadelphia insurance agents.
It’s a good idea to compare rates once or twice a year since prices change frequently. Even if you think you had the best price on Kia Rio insurance in Philadelphia last year there is a good chance you can find better rates now. There is too much inaccurate information about Rio insurance out there, but by reading this article, you’re going to learn some tested techniques to stop overpaying for insurance in Philadelphia.
The purpose of this post is to introduce you to how car insurance companies work and some money-saving tips. If you currently have car insurance, you will surely be able to reduce the price you pay using these methods. Consumers only need an understanding of the best way to compare rate quotes using one simple form.
The providers in the list below provide price quotes in Philadelphia, PA. If multiple companies are shown, we recommend you compare several of them to get the most affordable price.
Analysis of coverages
The price information shown next covers estimates of coverage costs for Kia Rio models. Being more informed about how insurance policy rates are formulated is important for drivers to make decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Rio | $212 | $528 | $420 | $24 | $126 | $1,310 | $109 |
| Rio LX | $212 | $528 | $420 | $24 | $126 | $1,310 | $109 |
| Rio SX | $244 | $620 | $420 | $24 | $126 | $1,434 | $120 |
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rate quotes do not factor in Philadelphia location which can modify prices significantly.
Price comparison of only insuring for liability
The diagram below illustrates the comparison of Kia Rio insurance prices with full coverage and liability only. The data is based on no violations or accidents, $1,000 deductibles, single status, and no policy discounts are applied.
When to drop full coverage
There is no definitive formula for excluding physical damage coverage, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
For example, let’s say your Kia Rio claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $4,000 after you pay the deductible. If premium cost is more than $400 a year for physical damage coverage, then you might want to consider buying only liability coverage.
There are a few cases where removing full coverage is not a good idea. If you still owe a portion of the original loan, you must maintain physical damage coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage.
Lower rates by qualifying for these eight discounts
Insurance can cost an arm and a leg, but you may qualify for discounts to cut the cost considerably. Some trigger automatically at the time you complete a quote, but less common discounts must be inquired about before being credited.
- Discount for Swiching Early – Some insurance companies give discounts for switching policies early. The savings is around 10%.
- Online Discount – A few larger online companies provide a small discount for buying your policy on the web.
- Save with More Vehicles Insured – Buying a policy with more than one vehicle on the same insurance policy can get a discount on all vehicles.
- Passenger Safety Discount – Vehicles with factory air bags or automatic seat belts could see savings of more than 20%.
- Telematics Data – Drivers that enable their insurance company to analyze where and when they drive remotely such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates if they have good driving habits.
- Distant College Student Discount – Youth drivers who live away from home to go to college and do not have a car may qualify for this discount.
- Theft Deterrent – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and can earn a small discount on your policy.
- Military Deployment Discount – Being deployed with a military unit can result in better premium rates.
Policy discounts save money, but some of the credits will not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as liability and collision coverage. So when it seems like adding up those discounts means a free policy, you’re out of luck.
The information below illustrates the comparison of Kia Rio insurance rates with and without discounts applied to the rates. The information is based on a male driver, no violations or accidents, Pennsylvania state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, multi-policy, marriage, homeowner, and safe-driver discounts applied.
Car insurance companies that possibly offer many of the previously listed discounts include:
If you are trying to find low cost Philadelphia car insurance quotes, ask each insurance company which discounts you may be entitled to. Some of the discounts discussed earlier may not apply to policies in your area. If you would like to see a list of insurance companies that offer discounts in Philadelphia, click here.
Why you need car insurance
Despite the potentially high cost of Kia Rio insurance, insurance is mandatory in Pennsylvania but it also protects more than you think.
- Most states have minimum mandated liability insurance limits which means the state requires a specific minimum amount of liability insurance coverage in order to drive the car legally. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a loan on your vehicle, most banks will have a requirement that you carry insurance to protect their interest in the vehicle. If you default on your policy, the lender may have to buy a policy to insure your Kia at an extremely high rate and force you to reimburse them a much higher amount than you were paying before.
- Insurance protects not only your Kia Rio but also your assets. Insurance will also pay for most medical and hospital costs for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.
The benefits of having car insurance greatly outweigh the cost, especially for larger claims. The average driver in Pennsylvania overpays as much as $800 each year so compare rate quotes at least once a year to help ensure money is not being wasted.
Comparing prices from local Philadelphia auto insurance agents
Many people would prefer to visit with an insurance agent. Experienced insurance agents can help you build your policy and help in the event of a claim. One of the best bonuses of comparing rate quotes online is you can get cheap insurance rates and still have an agent to talk to. Supporting neighborhood insurance agencies is especially important in Philadelphia.
Upon completion of this simple form, your insurance data is submitted to insurance agents in Philadelphia who will give competitive quotes for your coverage. It makes it easy because there is no need to contact any agents as quotes are delivered immediately to your email address. If you wish to get a rate quote from a specific company, you can always jump over to their website and submit a quote form there.
If you are searching for an insurance agent, you must know there are a couple types of insurance agents and how they work. Insurance agencies in Philadelphia can either be exclusive or independent (non-exclusive). Both types of agents can insure your vehicles, but it’s worth learning the differences because it can influence the type of agent you choose.
Independent Insurance Agencies or Brokers
Agents in the independent channel are not employed by one company and that allows them to write policies with an assortment of companies depending on which coverage is best. To transfer your coverage to a different company, they simply switch companies in-house and you don’t have to switch agencies.
If you are trying to find cheaper rates, you will definitely want to compare prices from at a minimum one independent agency for maximum quote selection. Most also have access to lesser-known insurance companies which may have better rates.
The following is a small list of independent agencies in Philadelphia that may be able to provide free rate quotes.
- Pa Auto Insurance Outlet
4901 Frankford Ave – Philadelphia, PA 19124 – (215) 827-0800 – View Map - Savage Insurance Agency LLC
300 W Cheltenham Ave – Philadelphia, PA 19126 – (215) 224-4890 – View Map - Accu Insurance Agency
7010 Elmwood Ave – Philadelphia, PA 19142 – (215) 726-0270 – View Map
Exclusive Agents
Exclusive insurance agents normally can only provide a single company’s rates such as Allstate, Farmers Insurance or State Farm. They are unable to provide other company’s prices so they really need to provide good service. Exclusive insurance agents receive extensive training on the products they sell which helps offset the inability to provide other markets. Drivers often buy from exclusive agents partially due to the prominence of the brand and solid financial strength.
Shown below is a short list of exclusive insurance agencies in Philadelphia that are able to give rate quotes.
- Trish Floyd – State Farm Insurance Agent
7706 Castor Ave – Philadelphia, PA 19152 – (215) 725-3000 – View Map - Paul Hoffman – State Farm Insurance Agent
2655 S 12th St – Philadelphia, PA 19148 – (215) 389-4737 – View Map - Alden Thomas – State Farm Insurance Agent
7983 Oxford Ave – Philadelphia, PA 19111 – (215) 745-3700 – View Map
Picking the best auto insurance agent should include more criteria than just a cheap price quote. The answers to these questions are important, too.
- Do they assist clients in filing claims?
- How long has their agency been open in Philadelphia?
- Do you need full coverage on every vehicle?
- Do they reduce claim amounts on high mileage vehicles?
- Does the agency have a good rating with the Better Business Bureau?
- Does the company have a local claim office in Philadelphia?
- Will the company cover a rental car if your car is getting fixed?
- Does the company allow you to choose your own collision repair facility?
Car insurance coverages 101
Knowing the specifics of your car insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage pay for expenses like surgery, EMT expenses, funeral costs, nursing services and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay
Comprehensive insurance
Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as hitting a deer, a broken windshield, hail damage and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Auto liability insurance
This protects you from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 15/30/5 which means $15,000 in coverage for each person’s injuries, a limit of $30,000 in injury protection per accident, and $5,000 of coverage for damaged property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.
Liability coverage protects against things like attorney fees, repair costs for stationary objects, pain and suffering and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but buy as high a limit as you can afford. Pennsylvania requires drivers to carry at least 15/30/5 but you should consider buying better liability coverage.
The chart below shows why buying low liability limits may not provide adequate coverage.
Uninsured/Underinsured Motorist (UM/UIM)
Your UM/UIM coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as damage to your Kia Rio.
Since many Pennsylvania drivers only carry the minimum required liability limits (which is 15/30/5), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Most of the time these limits are set the same as your liability limits.
Collision insurance
This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things like crashing into a ditch, hitting a parking meter, sustaining damage from a pot hole, damaging your car on a curb and driving through your garage door. This coverage can be expensive, so consider dropping it from lower value vehicles. It’s also possible to increase the deductible on your Rio to save money on collision insurance.