2015 Kia Soul EV Car Insurance Cost

Want lower auto insurance rates for your Kia Soul EV? If you’re searching for cheaper insurance, do you get overwhelmed by the wide range of auto insurance providers? You’re not alone. You have so many options that it can quickly become a big hassle to find the best premium rates.

It is always a good idea to compare premium rates periodically because auto insurance prices are constantly changing. Even if you got the best rates for Soul EV coverage last year other companies may now be cheaper. Forget all the misinformation about auto insurance because you’re going to learn the tricks you need to know to reduce your cost while increasing coverage.

If you currently have car insurance, you should be able to cut costs considerably using these techniques. This information will introduce you to how to effectively get price quotes. But car owners can benefit from knowing the way insurance companies market on the web and use this information to your advantage.

How car insurance companies calculate Kia Soul EV insurance rates

When buying auto insurance it’s important to understand the rating factors that aid in calculating your policy premiums. If you have a feel for what positively or negatively impacts your premiums, this allows you to make educated decisions that may result in lower premium levels. Many different elements are considered when quoting car insurance. A few of the factors are predictable such as your driving record, but others are more transparent like your continuous coverage or your vehicle rating.

Shown below are a partial list of the pieces utilized by car insurance companies to help set your premiums.

  • Experienced drivers save more – Mature drivers are proven to be safer behind the wheel, tend to cause fewer accidents and tend to be get fewer driving tickets.Beginning drivers are statistically shown to be inattentive with other occupants in the car and because of this, their auto insurance rates are much higher.
  • Cheaper rates after marriage – Getting married can actually save you money when buying auto insurance. Having a spouse means you’re more responsible and it’s proven that married drivers get in fewer accidents.
  • Liability coverage is critical – Your policy’s liability coverage will afford coverage when you are responsible for damages from an accident. Your liability coverage provides legal defense to defend your case. Liability is cheap compared to comp and collision, so drivers should carry high limits.
  • Safer cars lower rates – Safe vehicles tend to have better insurance rates. Safer cars help reduce the chance of injuries in an accident and any reduction in injury severity translates directly to fewer claims passed on to you as lower rates.
  • Big cities have higher prices – Living in a rural area is a good thing when insuring your vehicles. Drivers who live in large cities have traffic congestion and longer commutes to work. Fewer people corresponds to lower accident rates and a lower car theft rate.

Lower-cost car insurance rates with discounts

Some companies don’t always advertise the complete list of policy discounts in a way that’s easy to find, so the following list contains some of the more common and the harder-to-find savings tricks you should be using when you buy auto insurance online. If you do not check that you are getting every discount you qualify for, you could be getting lower rates.

  • Early Signing – Select companies give a discount for switching to them early. The savings is around 10%.
  • Military Rewards – Having a deployed family member could be rewarded with lower prices.
  • First Accident Forgiveness – This one isn’t a discount, but a handful of insurance companies permit an accident before your rates go up so long as you are claim-free for a set time period.
  • Multi-Vehicle Discounts – Buying coverage for multiple cars on one policy can reduce rates for all insured vehicles.
  • Safety Course Discount – Taking time to complete a defensive driving course could save 5% or more if you qualify.
  • Professional Organizations – Joining a professional or civic organization can get you a small discount on your bill.

Policy discounts save money, but some of the credits will not apply to all coverage premiums. Most only cut the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like it’s possible to get free car insurance, it doesn’t quite work that way.

The best car insurance companies and their offered discounts are included below.

  • State Farm offers discounts including driver’s education, good driver, passive restraint, accident-free, student away at school, defensive driving training, and safe vehicle.
  • Farmers Insurance may offer discounts for electronic funds transfer, mature driver, early shopping, alternative fuel, youthful driver, bundle discounts, and multi-car.
  • GEICO has savings for anti-theft, good student, multi-vehicle, anti-lock brakes, air bags, and defensive driver.
  • American Family may have discounts that include TimeAway discount, early bird, Steer into Savings, good driver, bundled insurance, and defensive driver.
  • Nationwide policyholders can earn discounts including defensive driving, multi-policy, easy pay, Farm Bureau membership, and family plan.
  • Progressive offers discounts for online quote discount, continuous coverage, online signing, multi-vehicle, homeowner, and good student.

When getting a coverage quote, ask each company or agent which credits you are entitled to. A few discounts might not be offered in your area. If you would like to see a list of insurance companies with significant discounts, click here.

Tailor your insurance coverage to you

When buying adequate coverage, there really is not a single plan that fits everyone. Every insured’s situation is different.

For instance, these questions may help you determine if your situation may require specific advice.

  • Am I covered when driving a rental car?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Do I really need UM/UIM coverage?
  • Is my custom paint covered by insurance?
  • Am I missing any policy discounts?
  • Is my teen driver covered when they drive my company car?

If you can’t answer these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Car insurance policy specifics

Having a good grasp of car insurance can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be confusing and coverage can change by endorsement.

Liability coverages

This will cover damage that occurs to other people or property by causing an accident. It protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability can pay for things like medical expenses, court costs, loss of income and emergency aid. How much liability should you purchase? That is up to you, but buy as large an amount as possible.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for expenses like X-ray expenses, funeral costs, hospital visits, prosthetic devices and chiropractic care. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover you and your occupants and also covers if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as backing into a parked car, hitting a parking meter and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage

This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive protection

Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like hail damage, damage from a tornado or hurricane, theft and falling objects. The maximum amount a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

What is YOUR best insurance company?

Cheaper insurance can be purchased both online and from local agencies, so you need to shop auto insurance with both to have the best rate selection. There are still a few companies who may not offer online rate quotes and most of the time these smaller providers prefer to sell through independent insurance agents.

We just presented many ways to get a better price on 2015 Kia Soul EV insurance. It’s most important to understand that the more you quote auto insurance, the better your chances of lowering your prices. You may even find the lowest premium rates are with a small local company.

When getting auto insurance quotes online, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many instances, someone dropped full coverage and learned later that it was a big mistake. The aim is to buy enough coverage at an affordable rate, not the least amount of coverage.

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