2014 Kia Soul Car Insurance Quotes

If you are a novice to online insurance shopping, it’s easy to get confused by the large number of companies offering insurance.

It’s a good habit to price shop coverage every six months because prices go up and down regularly. Even if you got the best rates for Soul insurance last year you can probably find a lower rate today. Starting right now, forget anything you know (or think you know) about insurance because we’re going to show you one of the best ways to reduce your cost while increasing coverage.

Lots of discounts mean lots of savings

Companies offering auto insurance do not list all their discounts in a way that’s easy to find, so we break down some of the best known and the more hidden discounts you could be receiving.

  • Auto/Home Discount – If you insure your home and vehicles with one company you will save 10% to 20% off each policy.
  • Anti-theft Discount – Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to use a seat belt can save up to 15% off the personal injury premium cost.
  • Good Students Pay Less – This discount can earn a discount of 20% or more. The discount lasts until age 25.
  • Passive Restraints – Vehicles equipped with air bags may earn rate discounts of more than 20%.
  • Drive Safe and Save – Drivers who avoid accidents may save up to 50% more for Soul insurance than drivers with accidents.
  • Distant Student – Any of your kids living away from home attending college and do not have access to a covered vehicle may be able to be covered for less.
  • New Vehicle Savings – Adding a new car to your policy can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Defensive Driver – Successfully completing a driver safety course could save 5% or more and easily recoup the cost of the course.
  • Multiple Vehicles – Buying coverage for multiple vehicles with the same company can get a discount on all vehicles.

It’s important to understand that most credits do not apply the the whole policy. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. Even though it may seem like all the discounts add up to a free policy, it just doesn’t work that way.

Companies that may offer these benefits include:

It’s a good idea to ask every prospective company how you can save money. Discounts may not apply in your area.

Why your Kia Soul might be costing you more

Consumers need to have an understanding of the rating factors that come into play when calculating the rates you pay for insurance. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that can help you get lower insurance prices.

  • Small claims can cost you – Insurance companies award lower rates to policyholders who do not rely on their insurance for small claims. If you frequently file small claims, you can definitely plan on either higher rates or even cancellation. Your insurance policy is designed for larger claims.
  • Do you know your deductibles? – Physical damage insurance, also known as collision and other-than-collision, protects your Kia from damage. Some instances where coverage would apply could be colliding with a building, collision with an animal, and burglary. Your deductibles are the amount of money you are required to spend before a claim is paid by your company. The higher the amount you are required to pay out-of-pocket, the lower your rates will be for Soul insurance.
  • Battle of the sexes – Statistics demonstrate that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. Women and men tend to get into accidents at about the same rate, but the men have costlier accidents. Men also statistically get more serious tickets such as DWI and reckless driving. Young males are most likely to cause an accident and are penalized with high insurance rates.
  • Do you need those extra coverages? – There are quite a few additional coverages that you can buy when buying insurance. Coverages like vanishing deductibles, towing coverage and additional equipment coverage may be wasting your money. They may seem good when talking to your agent, but now you might not need them so get rid of them and save.
  • Don’t skimp on liability – Your policy’s liability coverage is the coverage that protects you when a jury decides you are liable for damages caused by your negligence. Liability provides legal defense which can cost thousands of dollars. Liability insurance is quite affordable as compared to coverage for physical damage, so do not skimp.

Situations that might require an agent

When it comes to choosing the right insurance coverage, there really is not a cookie cutter policy. Every situation is different.

For instance, these questions can help discover if your situation would benefit from an agent’s advice.

  • What discounts do I qualify for?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Can I afford low physical damage deductibles?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Is my custom paint covered by insurance?
  • Do I have coverage if my license is suspended?
  • How much underlying liability do I need for an umbrella policy?
  • Do I have newly-aquired coverage?
  • Are there companies who specialize in insuring high-risk drivers?

If you don’t know the answers to these questions, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form.

Beware of misleading insurance ads

Insurance companies such as Allstate, Geico and Progressive continually stream ads on TV and radio. They all seem to make the same claim about savings after switching to their company. But how can every company say the same thing?

All the different companies have a preferred profile for the driver that earns them a profit. A good example of a preferred risk could be between 25 and 40, has no tickets, and drives less than 10,000 miles a year. A customer who fits that profile receives the best rates and most likely will save when they switch companies.

Potential insureds who don’t qualify for this ideal profile will be charged higher premiums which leads to the customer not buying. The ad wording is “drivers who switch” but not “drivers who get quotes” save that much money. That’s why companies can state the savings. That is why you absolutely need to get a wide range of price quotes. It’s impossible to know which insurance company will provide you with the cheapest Kia Soul insurance rates.

Car insurance coverages 101

Learning about specific coverages of your policy can be of help when determining the best coverages for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for short-term medical expenses for things like ambulance fees, dental work and hospital visits. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as 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

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Kia Soul.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Collision insurance

Collision insurance covers damage to your Soul resulting from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like rolling your car, driving through your garage door, scraping a guard rail and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to raise the deductible to save money on collision insurance.

Comprehensive auto coverage

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like hitting a bird, hitting a deer and falling objects. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability coverage

Liability insurance can cover damage that occurs to a person or their property that is your fault. It protects you against claims from other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability can pay for things like emergency aid, medical services and structural damage. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Best coverage at the best price

In this article, we covered a lot of ways to get a better price on 2014 Kia Soul insurance. The most important thing to understand is the more price quotes you have, the higher your chance of finding lower rates. Consumers could even find that the lowest priced car insurance comes from some of the lesser-known companies.

As you restructure your insurance plan, do not reduce needed coverages to save money. In many cases, an insured dropped liability limits or collision coverage only to find out that it was a big error on their part. The aim is to buy a smart amount of coverage at the best price while still protecting your assets.

Lower-priced insurance is attainable both online and with local insurance agents, so you should compare both to get a complete price analysis. Some car insurance companies do not offer online quoting and usually these small, regional companies provide coverage only through local independent agents.

Much more information about car insurance is located at the links below