Before you buy a new or new vehicle for you, it is important to consider your budget. But there’s a lot more to vehicle ownership than just the purchase price. Over time maintenance costs, fuel costs, and insurance coverage will come with an ongoing price tag once you’ve driven it. And for the most part, if you buy a Kia model, you can expect overall affordability.
According to several recent insurance cost analyzes, Kia models are typically more cost-effective to insure. However, it will depend on your recent driving history. And if you’ve recently been in an accident, here’s what you can expect by insuring Kia Telluride.
The cost of insurance really depends on your situation
Insurance coverage for any vehicle, including the Kia Telluride, will vary depending on the individual. Insurance companies will look at various criteria before quoting any rates. For example, your age matters. Because older individuals will usually be cheaper to insure than new 16 year olds. They will also consider your credit rating to verify your likelihood of making monthly premium payments.
Your driving record, past and present, will carry significant weight in the amount you pay for insurance. If you pile up piles of parking tickets or speeding tickets, you could be taking more risk to insure. And if you were in a recent accident, no matter how minor the damage, you could be a red flag for insurance providers.
Cost breakdown for Kia Telluride owners with recent accidents
CarEdge calculates a figure for Kia owners based on average insurance premiums and historical pricing metrics. The average cost of insuring a Kia is $1,666 per year. And that’s a savings of over $550 compared to other vehicle makes. This study is based on good drivers, around 40 years old, with decent credit.
If you recently had an accident by mistake, and you are 18 years old, you will be paying about $7,700 per year. Premiums fall with age, with 25 year olds paying $3,487 and 30 year olds paying $2,716. If you are over 40 years old, with a recent accident, you can expect to pay around $2,400. And if you’re over 55, you’ll only pay $2,183 with a recent accident.
In reviewing insurance costs segregated by Kia models, the Kia Telluride specifically ranges from $1,967 for good drivers, $3,378 for good drivers with bad credit, and $2,888 for those who have recently had an accident on their records.
The Kia Telluride is still a great option
Buying a new 2023 Kia Telluride will set you back anywhere from $35,890 to $52,985, depending on which of the five trims you choose. And as Edmunds shared, the price may increase this year, but it’s still an impressive three-row SUV worth considering, especially if you like a touch of high-end. And as Edmunds’ review suggests, the Telluride is likely still the “best value in class” at every price point.
Telluride offers “luxury vehicles” with seats made for “all-day comfort”. The interior is spacious and smart, perfect for large families. And you’ll love the full suite of standard technology and driver assistance features, too. With an impressive 10-year, 100,000-mile powertrain warranty and a combined fuel economy of 21 mpg, it’s a reliable and affordable ride in the long run.
If you’ve recently been in an accident due to an error on your driving record, you can expect to pay a little more in insurance premiums for each new vehicle you buy. But if you stick with the impressive Kia Telluride, you’ll still fall short of other makes and models with similar driving records.