Cheap 2016 Kia Soul EV Insurance Quotes

Trying to find low-cost insurance for a Kia Soul EV could be a painful process, but you can learn a few tricks to make it easier.

There are more efficient ways to shop for insurance coverage and you need to know the absolute fastest way to compare rates for a new or used Kia and get the best price possible from both online companies and local agents.

You should take the time to check insurance coverage prices once or twice a year because insurance coverage rates change regularly. Even if you think you had the best premium rates for Soul EV coverage a year ago you may be paying too much now. Ignore everything you know about insurance coverage because I’m going to teach you the quickest way to find better rates and still maintain coverage.

How your Soul EV insurance rates are determined

When buying insurance coverage it’s important to understand the factors that go into determining the price you pay for insurance coverage. If you understand what determines base rates, this enables informed choices that can help you get lower rates. Lots of things are used when you get a price on insurance. Some are obvious such as traffic violations, but other factors are less obvious like your continuous coverage or your commute time.

  • Premiums impacted by vehicle usage – The more you drive your Kia in a year’s time the more you will pay for insurance coverage. A lot of insurance companies price each vehicle’s coverage based upon how you use the vehicle. Autos that have low annual miles receive better premium rates than cars that get driven a lot. An incorrectly rated Soul EV is just wasting money. Ask your agent if your insurance coverage policy states annual mileage, because it can save money.
  • Extra coverages can cost a lot – Insurance policies have a lot of optional add-on coverages that sound like a good idea at the time if you aren’t diligent. Things like personal injury protection, accidental death, and additional equipment coverage are probably not needed. You may think they are a good idea when discussing your needs, but now you might not need them so remove them from your policy.
  • Never let your insurance coverage policy lapse – Allowing your coverage to lapse is a guaranteed way to pay more for insurance coverage. In addition to paying higher premiums, getting caught without coverage could earn you fines or a revoked license.
  • Liability protection is cheap – Your policy’s liability coverage will provide protection in the event that you are responsible for damages caused by your negligence. It provides legal defense coverage to attempt to prove you were not liable. It is affordable coverage when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.
  • Stay claim-free and lower insurance coverage rates – Companies give the lowest premiums to people who are claim-free. If you’re an insured who likes to file claims you can pretty much guarantee higher premiums or even policy non-renewal. Your insurance policy is intended for major claims that would cause financial hardship.
  • Cars with good safety ratings means better premiums – Cars with high safety ratings are cheaper to insure. Vehicles built for safety reduce injuries and fewer injuries means less money paid by your insurance company and lower rates for you.
  • Youthful drivers cost more – Teenage drivers are known to be less responsible in a vehicle and because of this, their insurance coverage rates are much higher. More mature drivers are viewed as being more responsible, file fewer claims , and are generally more financially stable.
  • Guys are more aggressive – Statistics demonstrate that females tend to be a little less risky than males. However, this does not mean women are better drivers. Females and males have auto accidents in similar numbers, but guys have accidents that have higher claims. Not only are claims higher, but men receive more costly citations such as driving while intoxicated (DWI) or driving recklessly.

Insurance discounts help cut rates

Properly insuring your vehicles can get expensive, but there’s a good chance there are discounts that many people don’t even know exist. Many of these discounts will be applied automatically when you purchase, but a few must be manually applied before you get the savings.

  • Driver Training Discounts – Taking a class that teaches defensive driver techniques could earn you a small percentage discount if you qualify.
  • Student Discount for Driver Training – Require your teen driver to successfully complete driver’s ed class as it can save substantially.
  • Discount for Swiching Early – Some insurance companies reward drivers for buying a policy early. The savings is around 10%.
  • Telematics Data – Drivers that enable their insurance company to look at their driving habits by installing a telematics device like In-Drive from State Farm and Progressive’s Snapshot could possibly reduce rates as long as the data is positive.
  • Life Insurance – If the company offers life insurance, you could get a break if you buy a life policy as well.

As a sidenote, most of the big mark downs will not be given to the entire cost. Most cut the cost of specific coverages such as collision or personal injury protection. Despite the fact that it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way.

For a list of providers who offer online insurance quotes, follow this link.

Why you might not save $444 a year

Consumers get pounded daily by advertisements for insurance savings by Progressive, GEICO, Allstate and State Farm. All the companies say the same thing of big savings just by switching your policy.

How can each company charge you a lower premium? It’s all in how they say it.

Most companies require specific criteria for the right customer that makes them money. For example, a profitable risk profile might be between the ages of 30 and 50, has no claims, and drives less than 7,500 miles a year. A customer who matches that profile will get low car insurance rates and therefore will save when switching.

Potential insureds who do not fit the requirements will probably be forced to pay higher premiums which leads to the customer buying from someone else. The ads say “customers who switch” not “all people who quote” save money. That’s why insurance companies can make claims like that.

This really drives home the point why you really need to get insurance quotes as often as possible. It’s just not possible to know which insurance companies will give you the biggest savings.

Which is the best insurance coverage?

When buying coverage for your personal vehicles, there really is no perfect coverage plan. Everyone’s situation is a little different.

For example, these questions might point out whether you might need professional guidance.

  • Am I covered when driving a rental car?
  • Can my teen drive my company car?
  • Does medical payments coverage apply to all occupants?
  • What is UM/UIM insurance?
  • At what point should I drop full coverage?
  • How do I insure my teen driver?
  • Why am I required to get a high-risk car insurance policy?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form. It’s fast, free and you can get the answers you need.

Specific coverage details

Knowing the specifics of your car insurance policy aids in choosing which coverages you need for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Liability auto insurance – This coverage will cover damage that occurs to people or other property. It protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as attorney fees, structural damage and medical services. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive (Other than Collision) – This coverage will pay to fix 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 insurance covers claims such as damage from getting keyed, vandalism and hitting a bird. The maximum amount a car insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical expense insurance – Medical payments and Personal Injury Protection insurance reimburse you for expenses such as chiropractic care, rehabilitation expenses, nursing services, doctor visits and X-ray expenses. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Collision coverages – This coverage will pay to fix damage to your Soul EV resulting from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things like driving through your garage door, hitting a parking meter, damaging your car on a curb and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.

Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and also any damage incurred to your Kia Soul EV.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Usually these coverages are set the same as your liablity limits.

Knowledge is power

Insureds leave their current company for a number of reasons such as policy cancellation, denial of a claim, an unsatisfactory settlement offer or delays in paying claims. No matter why you want to switch, finding the right insurance coverage provider is actually quite simple.

Low-cost 2016 Kia Soul EV insurance is definitely available on the web in addition to many insurance agents, so you need to shop insurance with both to have the best rate selection. Some companies may not provide the ability to get a quote online and these regional carriers provide coverage only through independent agents.

When shopping online for insurance coverage, make sure you don’t buy less coverage just to save a little money. In too many instances, someone dropped liability limits or collision coverage and discovered at claim time that the few dollars in savings costed them thousands. The goal is to get the best coverage possible at an affordable rate, but don’t skip important coverages to save money.

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