2018 Kia Soul Car Insurance Cost

Finding more affordable rates on insurance coverage may be nearly impossible for drivers not familiar with comparison shopping online. Since there are so many companies competing online, it can easily become a difficult mission to find the best price.

You should take the time to get comparison quotes on a regular basis since insurance prices are usually higher with each renewal. Even if you think you had the best price on Soul coverage at your last renewal a different company probably has better rates today. Ignore everything you know about insurance coverage because we’re going to show you how to use online quotes to properly buy coverages and cut your premium.

Auto insurance policy discounts

Some companies do not list every policy discount in an easy-to-find place, so we break down both the well known in addition to some of the lesser obvious credits that you can use to lower your rates.

• Home Ownership Discount – Just owning your own home can earn you a little savings since owning and maintaining a home shows financial diligence.
• Bundled Policy Discount – If you combine your auto and home policies and insure them with the same company you could get a discount of over 10 percent off each policy depending on the company.
• First Accident Forgiveness – Not a discount per se, but a handful of insurance companies will let one accident slide before hitting you with a surcharge so long as you are claim-free prior to being involved in the accident.
• Discounts for Responsible Drivers – Drivers who don’t get into accidents could pay up to 40% less on Soul coverage compared to accident prone drivers.
• Sign Online – Some of the larger companies will give a small break simply for signing on their website.
• Savings for New Vehicles – Buying a new car model can cost up to 25% less because newer models have to meet stringent safety requirements.

One thing to note about discounts is that most credits do not apply to your bottom line cost. Some only apply to specific coverage prices like collision or personal injury protection. Even though it may seem like it’s possible to get free car insurance, it just doesn’t work that way.

A list of auto insurance companies and a partial list of their discounts are included below.

• Geico offers discounts for military active duty, five-year accident-free, anti-lock brakes, anti-theft, multi-vehicle, federal employee, and membership and employees.
• Mercury Insurance has savings for age of vehicle, multi-policy, anti-theft, location of vehicle, accident-free, good driver, and low natural disaster claims.
• Farmers Insurance offers discounts including electronic funds transfer, youthful driver, good student, business and professional, and mature driver.
• Auto-Owners Insurance has discounts for air bags, multiple vehicles, teen driver, anti-theft, and group or association.
• Liberty Mutual may include discounts for newly married, new move discount, safety features, multi-policy, preferred payment discount, multi-car, and teen driver discount.
• SAFECO may offer discounts for multi-car, drive less, anti-theft, bundle discounts, teen safe driver, teen safety rewards, and safe driver.
• Progressive includes discounts for continuous coverage, multi-policy, good student, online quote discount, homeowner, online signing, and multi-vehicle.
• USAA offers premium reductions for new vehicle, good student, defensive driver, vehicle storage, loyalty savings, and multi-policy.

Double check with each company which discounts you qualify for. Depending on the company, some discounts might not be available to policyholders in your area. If you would like to view insurers with the best discounts, follow this link.

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How do I know if I need professional advice?

When it comes to choosing proper insurance coverage for your personal vehicles, there is no “best” method to buy coverage. Every insured’s situation is different.

For example, these questions can aid in determining if your insurance needs might need professional guidance.

• Am I covered when using my vehicle for business?
• Can my teen driver be rated on a liability-only vehicle?
• Is my teen driver covered when they drive my company car?
• Is my teenager covered with friends in the car?
• Is my trailer covered?
• Do I need to file an SR-22 for a DUI in my state?
• Does my policy cover me when driving someone else’s vehicle?
• Are all vehicle passengers covered by medical payments coverage?
• Do I pay less for low miles?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, complete this form.

Slick advertising tricks that work

Popular car insurance providers such as Progressive, Geico, Allstate and State Farm regularly use television and radio advertisements. They all make the same claim of big savings if you get a free auto insurance quote and switch your policy. Is it even possible that every company can give you a lower rate? This is the trick they use.

Insurance companies have specific criteria for the type of driver that earns them the most money. For example, a profitable customer should be over the age of 50, has a clear driving record, and drives a car with an anti-theft system. Any driver who meets those qualifications is entitled to the best price and is almost guaranteed to save some money.

Insureds who do not match the ideal profile will be charged a higher premium which results in the customer not buying. The wording the ads use say “drivers who switch” not “everyone that quotes” can save as much as they claim. That’s the way insurance companies can confidently make those statements.

Because of the profiling, you should do a price quote comparison at every renewal. Because you never know which company will have the best premium rates.

Insurance coverages 101

Having a good grasp of insurance helps when choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

Collision coverages – This covers damage to your Soul resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things like sustaining damage from a pot hole, backing into a parked car, rolling your car, crashing into a building and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Liability – Liability insurance protects you from damage or injury you incur to people or other property. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Another option is one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as repair costs for stationary objects, medical services and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.

Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for bills for doctor visits, pain medications and X-ray expenses. The coverages can be used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. PIP coverage is not universally available and may carry a deductible

Uninsured or underinsured coverage – This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2018 Kia Soul.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Frequently these coverages are set the same as your liablity limits.

Comprehensive protection – Comprehensive insurance coverage pays for 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 pays for claims such as damage from a tornado or hurricane, damage from flooding, falling objects and hail damage. The most your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

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Affordable insurance is out there

When getting auto insurance quotes online, don’t be tempted to buy poor coverage just to save money. There are many occasions where drivers have reduced full coverage only to regret that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase a proper amount of coverage for the lowest cost but still have enough coverage for asset protection.

Insureds leave their current company for a number of reasons such as unfair underwriting practices, an unsatisfactory settlement offer, poor customer service or even delays in responding to claim requests. Whatever your reason, choosing a new insurance company is pretty easy and you might even save some money in the process.

Throughout this article, we presented some good ideas how to lower your 2018 Kia Soul insurance rates. The key thing to remember is the more rate comparisons you have, the better your comparison will be. You may even find the most savings is with the least-expected company.

Additional detailed information is available in these articles:

• Rental Reimbursement Coverage (Allstate)
• Choosing a Car for Your Teen (State Farm)
• Collision Insurance Coverage (Nationwide)
• Young Drivers: The High Risk Years Video (iihs.org)
• Get the Right Protection (InsureUonline.org)
• Child Safety Seats (Insurance Information Insitute)

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