Kia auto insurance overview
Kia has come a long way since it was established over 75 years ago. Originally a manufacturer of steel tubing and bicycle parts, it wasn’t until 1952 that the brand entered the automobile industry, building Honda-licensed motorcycles and Mazda-licensed trucks throughout the ‘50s and ‘60s.
Fast forward to 1992, when Kia made its debut in the United States. Shortly thereafter, it was bought by Hyundai Motor Company in 1998. Over the last 20 years, Kia has developed a loyal fan base throughout North America, thanks to its fleet of economical, family-friendly models like the Kia Sorento, Kia Seltos, and Kia Soul. Whether you’re interested in an SUV, crossover, sedan, or even a performance vehicle (check out the 2022 Kia Stinger), you can find it at Kia.
Plus, the automaker is no stranger to hybrid and electric vehicles. Six eco-friendly vehicles joined their offerings in 2022, including the Kia Soul EV, Kia Niro PHEV, and the Kia Sorento HEV/PHEV.
Fun facts about Kia
- According to the brand, the word “Kia” roughly translates to “rising from Asia.”
- As mentioned above, Kia got its start as a manufacturer of bicycle parts. They were responsible for producing South Korea’s first domestic bicycle in 1951. It was called the Samchully.
- On a visit to Seoul, South Korea in 2014, Pope Francis of the Catholic Church was pictured riding in a Kia Soul and a Kia Carnival during his five-day trip.
- Over the years, Kia’s company slogans have evolved from “The Car That Cares,” used from 2000 to 2006, “The Power to Surprise,” used from 2006 to 2021, and finally, “Movement that inspires,” which has been in use since 2021.
Kia car insurance coverage
Whether you purchase a Kia Telluride or a Kia Forte5, you’ll need to budget for car insurance. Car insurance is mandatory throughout Canada, which means before you get behind the wheel of your new Kia, you need to have a valid insurance policy.
When shopping for car insurance, you’ll have to make several decisions regarding the types of coverage you want. While some coverages are mandatory, many are optional and it’s up to you to decide whether they are worthwhile. Further, even for the types of coverage that are required, you’ll still need to choose the amount of coverage for each. Many provinces have minimum coverage requirements, so whatever you do, ensure you meet these minimum standards.
The following is a list of common types of Kia car insurance coverage, ranging from mandatory coverage like third party liability to optional coverage like accident forgiveness.
Third party liability coverage
Third party liability coverage is compulsory everywhere in Canada, with each province and territory setting its own minimum requirement. Liability coverage protects the policyholder if they are found at fault for a collision. Liability can help cover medical bills related to accidental injuries, vehicle repair costs, legal counsel, and any applicable court fees.
Collision coverage is optional in Canada, but Kia drivers may wish to purchase it for the peace of mind it offers. This type of coverage protects you if you get into a collision with another car or object on the road. It covers the policyholder regardless of whether they are liable for the accident. Specifically, collision coverage can help pay for property damage that results from an accident; it doesn’t pay for medical expenses (this is covered under the accident benefits portion of your policy).
Kia drivers can’t go wrong with purchasing comprehensive coverage. Comprehensive coverage protects you against a variety of circumstances not covered by liability coverage or accident benefits coverage. For example, comprehensive coverage offers financial protection against theft, vandalism, water damage, and fire.
Accident forgiveness coverage
When you purchase accident forgiveness coverage, the insurance company can’t raise your premium after your first at-fault accident. This type of coverage is optional in Canada.
How Kia car insurance rates are calculated
When purchasing car insurance for your Kia, it is up to the insurance company to calculate your premium. Several factors are taken into account when determining car insurance rates. Such factors include your age, location, and driving history. To learn more about how Kia auto insurance rates are calculated in Canada, keep reading:
From an insurance provider’s perspective, age is one of the most significant factors in determining your auto insurance premium. Young drivers who have little to no driving experience often pay the highest premiums. Senior drivers may also pay more for Kia car insurance.
Where you live and work can also impact how much you pay for Kia car insurance. If you live in a high-density urban area like the Greater Toronto Area (GTA), you may pay more for insurance simply because there is more traffic on the road and therefore your chances of being involved in an accident go up. On the other hand, if you live in a rural area where there is less traffic, your insurance may be cheaper. Finally, if you reside in a part of the country prone to climate related incidents, such as floods, your Kia insurance could cost more.
Driving history is another factor that comes into play when calculating Kia insurance rates. Insurance providers will ask about your driving experience and driving record in order to gauge your risk level. To benefit from a lower insurance premium, aim to have ample driving experience coupled with a clean driving record. The cleaner your driving record, the more responsible you appear as a driver. In contrast, if your driving record features speeding tickets, DUI charges, and collisions, you may pay more for insurance, no matter how experienced a driver you are.
Model and year of Kia
The model and year of Kia you purchase, as well as whether it’s new or used, can affect your insurance premium. More often than not, expensive, luxury vehicles cost more to insure than their budget-friendly counterparts. As Kia vehicles tend to be more affordable, it could mean lower insurance rates for Kia drivers. Buying a used Kia, which might be older and cheaper than a new one, could lower your insurance premium even further.
*Please note that insurance brokers like BrokerLink don’t determine insurance rates, however, we can help you obtain and compare quotes from insurance providers to ensure you find the best car insurance for you and your Kia.
How to save money on Kia auto insurance
Kia car insurance should never cost more than it has to. Here at BrokerLink, we know how expensive car insurance can be, which is why our insurance advisors have put together this list of tips and tricks on how to save money on your Kia auto insurance policy. Check it out below.
- Purchase car insurance for multiple vehicles together (savings of up to 20%)
- Buy multiple insurance policies (home insurance + car insurance, leisure vehicle insurance + car insurance, etc…) from the same provider (savings of up to 15%)
- Purchase one of Kia’s hybrid or electric models (savings of up to 5%)
- Increase your deductible
- Enrol in driving school (for young drivers)
- Pay auto insurance annually rather than monthly
- Install winter tires on your Kia vehicle
Want to learn more about Kia car insurance? Get in touch
To learn more about Kia car insurance, BrokerLink is here.
Whether you wish to discuss coverage options, learn more about mandatory car insurance in your province, or obtain a free quote from one of our insurance advisors, we can help.
We also offer free car insurance quotes to all Kia drivers in Canada. Whether you’ve bought a Kia yet or not, we encourage you to use our online calculator tool to obtain an accurate and competitive quote in minutes.
If you have any questions about your free BrokerLink quote, you can contact us at any time. We are available by phone, email, or in person at one of our many locations throughout Canada.
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Kia car insurance FAQs
Used vs. new: Which Kia is less expensive to insure?
Used cars of any make or model often cost less to insure than new cars. So if budget is a major concern, you may wish to consider investing in a used Kia. That said, buying a used vehicle, especially if it’s older, could cost more money in other ways. So the money you save on car insurance might not be worth it down the line if you’re spending more money in other ways, such as on gas if your used car isn’t as fuel-efficient.
Which provider offers the best car insurance for Kia?
There is no one insurance company in Canada that’s the best for any specific make of car. A multitude of factors are considered when calculating insurance premiums and each insurance company weighs these factors differently. Plus, insurance companies are constantly underwriting and changing their rates, meaning just because you got a good rate from one company last year doesn’t mean you will this year. At the end of the day, one of the most effective ways of finding the best car insurance for your Kia is to work with a broker. An insurance broker knows the ins and outs of the industry and can offer their objective opinion on the best policy for you and your family.
What is the cheapest Kia model to insure?
The general rule of thumb is the cheaper the vehicle, the less it will cost to insure. As all Kia models are relatively affordable, car insurance for any Kia shouldn’t break the bank. The least expensive Kia models on the market today are the Kia Forte and Kia Rio, so purchasing either of these could save you money on car insurance.
However, it’s important to remember that a number of factors determine your insurance premium. Choosing a less expensive car like a Kia may help lower your rate, but doing so will never guarantee cheap car insurance simply because there are so many other factors to account for. In addition, if you choose to equip your Kia with all kinds of custom trims, then your insurance rate may be higher as it will be more expensive and complex to repair should it be damaged.
Is it safe to buy Kia car insurance online?
Yes, it is safe to shop for and purchase Kia car insurance online. However, shopping for car insurance can be stressful and time-consuming, which is why we recommend enlisting the help of a trusted insurance broker. Reputable brokers like BrokerLink can ensure you get the most competitive car insurance rate for your Kia. Our insurance advisors will take the time to understand your lifestyle and driving habits so that we can find a policy that suits your needs and budget. For a hassle-free car insurance experience, contact BrokerLink today.
*This article is in no way sponsored, endorsed, or associated with Kia.