The Kia Rio hit the roadways in August of 2000. A five-door hatchback, the Rio is known for being a highly affordable sub-compact. With a starting price of only $12,995, the Rio is a great choice for people on a tight budget. However, potential owners of the Rio should look at the cost of insurance closely before signing on the dotted line.
The cost of insurance for a car will not always be consistent with the price of the car. While the average cost of insurance in the country is $100 a month, the Rio rolls in with a monthly insurance expense of nearly $150.
On the plus side, the 2012 Rio is loaded with safety features, and that keeps insurance premiums in check. The tire-pressure monitoring system provides an additional level of protection, while side curtain airbags keep all occupants safe. The trunk is equipped with an emergency trunk release and a seat-belt warning light reminds you to buckle up. Four-wheel anti-lock brakes and front-active headrests are also attractive features.
Here are some of the factors that affect the cost of insurance on the Rio.
Low Resale Value
Kia Rio has Expensive Claims for Injuries
High Repair Costs
The Kia Rio is an affordable car that will fit in with most budgets. Once you take the higher cost of insurance into account, you may discover that it is not actually the most economical choice. You may find a nicer sedan with a lower insurance cost is a better choice. If you do purchase a Kia Rio, be sure to talk to your insurance provider about taking a safe driver course. Doing so can earn you a nice discount, helping you lower your cost of insurance.