If saving money is your primary concern, then the best way to save on auto insurance rates is to compare prices at least once a year from companies who sell auto insurance in El Paso. Prices can be compared by completing these steps.
Step 1: Take a few minutes and learn about what is in your policy and the things you can change to drop your rates. Many rating factors that cause high rates such as traffic citations and an imperfect credit score can be eliminated by paying attention to minor details.
Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from one company like Progressive or State Farm, while independent agencies can give you price quotes for a wide range of insurance providers.
Step 3: Compare the new rate quotes to the price on your current policy to determine if switching companies saves money. If you find better rates, make sure there is no lapse in coverage.
A good piece of advice is that you use the same physical damage deductibles and liability limits on each quote request and and to get rate quotes from every company you can. Doing this ensures an accurate price comparison and a better comparison of the market.
Unbelievable but true, a large majority of consumers have been with the same company for four years or more, and 38% of drivers have never even compared rates from other companies. Texas drivers could pocket 70% a year by just comparing rate quotes, but they just don't understand the rate savings if they moved their coverage to a different company.
Cheap Kia Rio insurance quotes in El Paso
Some insurers don't always publicize all possible discounts in an easy-to-find place, so we researched some of the best known and also the more inconspicuous ways to save on insurance.
- Claim-Free Discount - Insureds with no claims or accidents pay less when compared to accident-prone drivers.
- Professional Organizations - Being a member of certain professional organizations can get you a small discount when getting a El Paso auto insurance quote.
- Multiple Cars - Buying coverage for multiple cars or trucks on one policy can reduce the rates for all insured vehicles.
- Driver's Education for Students - Make teen driver coverage more affordable by requiring them to participate in a local driver's education class in school.
- Theft Deterrent Discount - Cars and trucks equipped with tracking devices and advanced anti-theft systems have a lower chance of being stolen and will save you 10% or more on Rio insurance in El Paso.
Discounts lower rates, but some credits don't apply to the entire policy premium. Most only cut specific coverage prices like collision or personal injury protection. If you do the math and it seems like adding up those discounts means a free policy, you won't be that lucky.
The illustration below visualizes the comparison of Kia Rio auto insurance costs with and without discounts applied to the policy premium. The prices are based on a male driver, no accidents or driving violations, Texas state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, multi-car, marriage, and safe-driver discounts applied.
For a list of insurance companies who offer insurance discounts in Texas, click this link.
The easiest way to compare insurance rates from multiple companies is to know the fact most larger insurance companies allow for online access to quote your coverage. To begin a comparison, all you need to do is provide details including how old drivers are, if you lease or own, your job, and your credit rating estimate. The rating information is instantly submitted to multiple top-rated companies and you will receive price estimates almost instantly.
To compare affordable Kia Rio insurance rates now, click here and see if a lower rate is available in El Paso.
The companies shown below are our best choices to provide comparison quotes in Texas. If multiple companies are shown, we recommend you visit two to three different companies to get a more complete price comparison.
Facts and figures for Kia Rio insurance
The price information displayed next showcases different rate quotes for Kia Rio models. Understanding how insurance rates are determined can assist in making informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Rio | $256 | $496 | $430 | $26 | $128 | $1,336 | $111 |
| Rio LX | $256 | $496 | $430 | $26 | $128 | $1,336 | $111 |
| Rio SX | $294 | $584 | $430 | $26 | $128 | $1,462 | $122 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Price information does not factor in zip code location which can revise rates greatly.
Raise deductibles and save
When shopping for auto insurance, a common question is how high should your deductibles be. The following tables summarize the rate differences when you select higher and lower coverage deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Rio | $286 | $592 | $430 | $26 | $128 | $1,487 | $124 |
| Rio LX | $286 | $592 | $430 | $26 | $128 | $1,487 | $124 |
| Rio SX | $328 | $698 | $430 | $26 | $128 | $1,635 | $136 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Rio | $208 | $400 | $430 | $26 | $128 | $1,192 | $99 |
| Rio LX | $208 | $400 | $430 | $26 | $128 | $1,192 | $99 |
| Rio SX | $240 | $472 | $430 | $26 | $128 | $1,296 | $108 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Table data does not factor in vehicle location which can revise premiums substantially.
We can derive from the above data that using a $100 deductible will cost you about $26 more each month or $312 every year than opting for the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you have more than 15 months between claims, you would probably be better off by selecting a higher deductible. Below is the way this determination is made.
| Average monthly premium for $100 deductibles: | $128 |
| Average monthly premium for $500 deductibles (subtract): | - $102 |
| Monthly savings from raising deductible: | $26 |
| Difference between deductibles ($500 - $100): | $400 |
| Divide difference by monthly savings: | $400 / $26 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 15 months |
One thing to note is that a higher deductible results in a higher out-of-pocket expense if you have a claim. You must have a higher level of savings in order to pay more to get your vehicle repaired.
Cost comparison with and without full coverage
The illustration below visualizes the comparison of Kia Rio insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The costs are based on no claims, a clean driving record, $100 deductibles, single status, and no discounts are applied.
When to stop buying full coverage
There is no set guideline to stop buying physical damage coverage, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
For example, let's assume your Kia Rio claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $5,000 after you pay the deductible. If premium cost is more than $500 a year for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some scenarios where dropping physical damage coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not buy liability only.
How to know if you need help
When quoting and comparing the right insurance coverage for your personal vehicles, there really isn't a "best" method to buy coverage. Everyone's needs are different and your auto insurance should unique, too.
Here are some questions about coverages that can help discover whether or not you will benefit from professional help.
- Do I have coverage for damage caused while driving under the influence?
- What is the minimum liability in Texas?
- Am I covered if I hit my neighbor's mailbox?
- How high should my medical payments coverage be?
- Do I get a pro-rated refund if I cancel my policy early?
- What if a claim settlement is too low?
If it's difficult to answer those questions, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It is quick, free and may give you better protection.
Do I need an agent?
Some consumers would prefer to have an agent's advice and that is just fine! Most agents will help you protect your assets and give you someone to call. The best thing about comparing rate quotes online is you may find the best rates and still have a local agent. Buying from neighborhood insurance agencies is important especially in El Paso.
After filling out this form (opens in new window), the coverage information is immediately sent to local insurance agents in El Paso who can give free rate quotes for your business. It simplifies rate comparisons since you won't have to leave your house due to the fact that quote results will go instantly to you. If you want to compare prices from one company in particular, you would need to jump over to their website and submit a quote form there.
El Paso car insurance agents are either independent or exclusive
If you are searching for a reputable insurance agent or broker, there are two types of insurance agents that differ in how they can insure your vehicles. Insurance agencies in El Paso are categorized either exclusive or independent (non-exclusive). Both types can sell and service insurance coverage, but it is important to understand the difference in how they write coverage because it can influence buying decisions.
Independent Insurance Agencies or Brokers
Independent agents are not restricted to one company and that enables them to quote your coverage through many companies enabling the ability to shop coverage around. If premiums increase, the agent simply finds a different carrier and you can keep the same agent.
If you need cheaper insurance rates, we highly recommend that you get several quotes from at a minimum one independent agency for the best price selection. Most also write with different regional companies that may provide cheaper insurance rates.
Featured below is a short list of independent insurance agents in El Paso that can possibly get you comparison quotes.
- Pan American Insurance
7399 Alameda Ave - El Paso, TX 79915 - (915) 772-9000 - View Map - Texas State Insurance Agency
1501 N Mesa St - El Paso, TX 79902 - (915) 838-1501 - View Map - American Agency Insurance
5959 Gateway Blvd W #533 - El Paso, TX 79925 - (915) 772-7766 - View Map
Exclusive Insurance Agencies
Agents in the exclusive channel have only one company to place business with such as State Farm, Allstate and AAA. Exclusive agents are unable to give you multiple price quotes so it's a take it or leave it situation. Exclusive agents are well trained on the products they sell which aids in selling service over price. A lot of people buy insurance from these agents partially due to high brand loyalty instead of buying on price only.
The following is a list of exclusive insurance agencies in El Paso who can help you get rate quotes.
- Lou Lobato - State Farm Insurance Agent
1810 Trawood Dr l - El Paso, TX 79935 - (915) 598-5401 - View Map - Allstate Insurance: Zulema Valles
4301 Montana Ave b - El Paso, TX 79903 - (915) 562-5433 - View Map - James Valenzuela - State Farm Insurance Agent
11617 Pellicano Dr - El Paso, TX 79936 - (915) 858-6262 - View Map
Finding a good car insurance agent needs to be determined by more than just the premium amount. Here are some questions you should ask.
- Is vehicle damage repaired with OEM or aftermarket parts?
- Is their price quote a firm figure or are their hidden costs?
- Does the company allow you to choose your own collision repair facility?
- How many companies do they write for?
- What company holds the largest book of business for them?
Keep this in mind when shopping around
Some insurance providers do not provide online price quotes and these small insurance companies work with independent agents. Lower-priced Kia Rio insurance in El Paso can be purchased from both online companies and with local El Paso insurance agents, and you should compare rates from both in order to have the best price selection to choose from.
As you restructure your insurance plan, it's not a good idea to buy lower coverage limits just to save a few bucks. In many cases, drivers have reduced physical damage coverage only to regret that it was a big mistake. The goal is to purchase a proper amount of coverage at a price you can afford, but don't skip important coverages to save money.
For more information, link through to the following helpful articles:
- Coverage Information (Progressive Insurance)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)