2015 Kia Soul EV Insurance Rates

Overpriced Kia Soul EV insurance can empty your checking account and force you to make sacrifices. Doing a price comparison is free and is an excellent way to slash your bill and have more diposable income.

Lots of auto insurance companies contend for your insurance dollar, and it can be difficult to compare rates to get the best rate

If you have car insurance now, you will be able to reduce your rates substantially using these tips. Finding affordable coverage is not rocket science. But consumers need to have an understanding of how companies sell online and use this information to your advantage.

Discounts are available to cut your rates

Car insurance can cost a lot, but discounts can save money and there are some available that many people don’t even know exist. Certain discounts will be applied at quote time, but lesser-known reductions have to be inquired about in order for you to get them.

  • Drive Safe and Save – Safe drivers may save up to 50% more on Soul EV coverage than their less cautious counterparts.
  • 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for reduced rates on Soul EV coverage.
  • Military Rewards – Being on active duty in the military can result in better rates.
  • Distant Student – Kids in college who attend school more than 100 miles from home without a vehicle on campus can be insured at a reduced rate.
  • Auto/Life Discount – Larger companies have a break if you buy life insurance.
  • Government Employees – Being employed by or retired from a federal job can earn a discount up to 10% on Soul EV coverage with select insurance companies.
  • Defensive Driver – Successfully completing a defensive driving course could cut 5% off your bill if your company offers it.

It’s important to note that most credits do not apply to the entire cost. Most cut the cost of specific coverages such as comprehensive or collision. So when it seems like it’s possible to get free car insurance, it just doesn’t work that way. But any discount will cut your premiums.

A partial list of companies who might offer these discounts include:

It’s a good idea to ask each insurance company which discounts you may be entitled to. All car insurance discounts might not apply in your state.

The most recommended method to compare rates is to know the trick all the major auto insurance companies actually pay money for the chance to give you rate quotes. To start a quote, the only thing you need to do is give them rating details including an estimate of your credit level, if you have an active license, the make and model of your vehicles, and how much coverage you want. That information is instantly submitted to multiple companies and they return quotes with very little delay.

Kia Soul EV rates influenced by many factors

It’s important that you understand the rating factors that come into play when calculating your auto insurance rates. When you know what positively or negatively influences your rates enables informed choices that can help you get lower auto insurance prices.

The list below includes some of the factors auto insurance companies consider when setting your rates.

  • Your age impacts your rates – More mature drivers are viewed as being more responsible, statistically cause fewer accidents and tend to be better behind the wheel. Teen drivers are known to get distracted easily when driving therefore auto insurance rates are much higher.
  • Your stress level may be raising your rates – Did you know your occupation can influence how much you pay for auto insurance? Occupations such as real estate brokers, executives and stock brokers are shown to have the highest rates due to job stress and lots of time spent at work. On the other hand, jobs such as farmers, students and homemakers pay the least on Soul EV coverage.
  • Choose a safe vehicle and save – Vehicles with good safety scores are cheaper to insure. Safer cars protect occupants better and lower injury rates translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Kia Soul EV earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • A lapse in coverage is a bad thing – Allowing your auto insurance policy to lapse will be a guaranteed way to increase your auto insurance rates. And not only will insurance be more expensive, but not being able to provide proof of insurance will get you a revoked license or a big fine.

Everyone needs different coverages

When it comes to choosing the best car insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Each situation is unique so this has to be addressed. For example, these questions might help in determining if you would benefit from an agent’s advice.

  • Is my 2015 Kia Soul EV covered for flood damage?
  • Are my friends covered when driving my car?
  • How much liability insurance is required?
  • Does coverage extend to my business vehicle?
  • Do I benefit by insuring my home with the same company?
  • When should I buy a commercial auto policy?
  • Do I need rental car coverage?
  • Can I afford to pay high deductible claims out of pocket?
  • Does medical payments coverage apply to all occupants?
  • When would I need additional glass coverage?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Can you really save that much by switching?

Companies like State Farm, Geico and Progressive constantly bombard you with ads on television and other media. All the ads make the same claim about savings if you switch your coverage to them. How can each company make the same claim?

Different companies are able to cherry pick for the right customer that is profitable for them. An example of a preferred risk could be over the age of 40, is a homeowner, and has excellent credit. A propective insured that hits that “sweet spot” will get very good rates and is almost guaranteed to pay quite a bit less when switching companies.

Potential insureds who do not match this ideal profile will be charged a more expensive rate which leads to business going elsewhere. The ad wording is “customers that switch” not “everyone that quotes” save that much. That’s why insurance companies can make those claims.

That is why you should compare as many rates as you can. You cannot predict which insurance companies will give you the biggest savings on Kia Soul EV insurance.

Information about specific coverages

Knowing the specifics of your auto insurance policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverages offered by auto insurance companies.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Kia Soul EV.

Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Most of the time the UM/UIM limits are set the same as your liablity limits.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as rolling your car, crashing into a building, driving through your garage door, scraping a guard rail and backing into a parked car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible in order to get cheaper collision rates.

Liability insurance

This can cover damage or injury you incur to people or other property by causing an accident. It protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims like attorney fees, structural damage, court costs, legal defense fees and funeral expenses. The amount of liability coverage you purchase is up to you, but buy higher limits if possible.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as nursing services, ambulance fees and funeral costs. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Comprehensive coverages

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as theft, damage from getting keyed, hail damage and a tree branch falling on your vehicle. The most a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

In conclusion

Throughout this article, we presented some good ideas how to reduce 2015 Kia Soul EV insurance prices online. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers may even find the best prices are with the least-expected company. Some small companies often have lower prices on specific markets than their larger competitors like Geico and State Farm.

When buying insurance coverage, do not skimp on coverage in order to save money. There are many occasions where an insured dropped physical damage coverage only to regret that the small savings ended up costing them much more. The proper strategy is to buy the best coverage you can find at the best price.

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