How Much Does 2016 Kia Soul EV Insurance Cost?

Trying to find cheaper insurance coverage rates for your Kia Soul EV? If you’re new to shopping for insurance coverage quotes online, it’s easy to be confused by the large number insurance agents and companies vying for business.

Shopping for more affordable coverage is not that difficult. Just about anyone who shops for insurance should be able to lower their premiums. Although consumers can benefit by having an understanding of the way companies market insurance on the web and take advantage of how the system works.

Where can I get low cost auto insurance?

Shopping for lower auto insurance rates can be a lot of work if you don’t utilize the best way to get rate quotes. You could spend your day discussing policy coverages with agents in your area, or you could use the web to get pricing more quickly.

All the larger companies participate in an industry program that allows shoppers to only type in their quote data once, and each participating company returns a rated price based on that information. This system prevents you from having to do repetitive form submissions to each company.

To access this free quoting program, click to open in new window.

One minor caviat to pricing coverage this way is you don’t know exactly which insurance companies to get pricing from. If you wish to select individual companies to compare rates, we have assembled a list of low cost auto insurance companies in your area. Click here to view list.

Whichever method you choose, make sure you compare the exact same coverage information on every price quote you get. If you are comparing different values for each quote then you won’t be able to make a fair comparison for your Kia Soul EV. Even a minor difference in coverage limits could throw off the whole comparison. And when comparison shopping, comparing all the rates in your area helps improve the odds of finding a better price.

More discounts mean lower-cost premiums

Auto insurance is easily one of your largest bills, but you might already qualify for some discounts that many consumers don’t even know exist. Certain credits will be shown at the time you complete a quote, but less common discounts must be manually applied before being credited.

  • Early Payment Discounts – If you pay your bill all at once as opposed to paying monthly you can avoid the installment charge.
  • Save with More Vehicles Insured – Buying a policy with several vehicles on one policy qualifies for this discount.
  • No Accidents – Insureds who avoid accidents and claims get the best auto insurance rates when compared to frequent claim filers.
  • Use Seat Belts – Drivers who require all vehicle occupants to use a seat belt can save a little on the premium charged for medical payments and/or PIP.
  • Defensive Driver Discount – Taking a class that teaches safe driver techniques could save 5% or more if you qualify.
  • Senior Citizen Discount – If you’re over the age of 55, you may qualify for a small discount on rates for Soul EV coverage.
  • Accident Forgiveness Coverage – This isn’t a discount exactly, but companies like Allstate, State Farm and GEICO permit an accident before raising your premiums with the catch being you have to be claim-free prior to being involved in the accident.

You should keep in mind that some credits don’t apply to all coverage premiums. Some only reduce the cost of specific coverages such as comprehensive or collision. So when it seems like you can get free auto insurance, companies don’t profit that way. Any qualifying discounts will definitely reduce your policy cost.

For a list of insurers with the best auto insurance discounts, click here to view.

It’s not one size fits all

When choosing coverage for your personal vehicles, there really is no “perfect” insurance plan. Each situation is unique.

For example, these questions may help highlight if your insurance needs may require specific advice.

  • Is my 2016 Kia Soul EV covered for flood damage?
  • Is my Kia Soul EV covered if I use it for business?
  • Am I covered if my car is in a flood?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Do I benefit by insuring my home with the same company?
  • Can I afford to pay high deductible claims out of pocket?
  • Should I carry comprehensive and collision coverage?
  • What discounts do I qualify for?

If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, simply complete this short form.

Quote Kia Soul EV insurance for less

Smart consumers have a good feel for some of the things that aid in calculating the level of your policy premiums. When you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may result in cheaper rates. Lots of things are used in the calculation when quoting car insurance. Some of the criteria are obvious like an MVR report, although others are more obscure like your vehicle usage or how safe your car is.

  • Your job and auto insurance rates – Did you know your career choice can influence rates? Jobs such as doctorsair traffic controllers and stock brokers tend to have higher rates than average because of high stress levels and lots of time spent away from family. On the other hand, careers like professors, students and performers receive lower rates for Soul EV coverage.
  • Do you know your deductibles? – Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your vehicle. Examples of covered claims could be collision with another vehicle, flood damage, and burglary. Comprehensive and collision coverage deductibles represent how much money you are required to pay in the event of a claim. The more expense you are required to pay out-of-pocket, the bigger discount you will receive for Soul EV coverage.
  • Prevent policy lapses – Letting your insurance expire is a quick way to pay more for auto insurance. In addition to paying higher premiums, not being able to provide proof of insurance may earn you a revoked license or a big fine. Then you may be required to submit proof of financial responsibility or a SR-22 with your state DMV.
  • Do you need those add-on coverages? – Insurance policies have a lot of optional add-on coverages that can waste your money if you aren’t careful. Insurance for roadside assistance, high-cost glass coverage, and term life insurance are probably not needed. You may think they are a good idea at first, but your money might be better spent on other coverage so remove them and pocket the money.
  • Marriage can save on auto insurance – Having a wife or husband may save some money compared to being single. Marriage is viewed as being less irresponsible and it’s proven that married couples file fewer claims.
  • Consolidate policies and save money – Some insurers provide a discount to clients that buy multiple policies in the form of a multi-policy discount. Discounts can add up to ten or even fifteen percent. Even if you already get this discount, you may still want to comparison shop to make sure you are getting the best deal.

Can you really save if you switch?

Car insurance providers like 21st Century, Allstate and State Farm regularly use ads on TV and radio. All the ads advertise claims that you’ll save big if you just switch your policy. How do they all give you a better price? Here is how they do it.

Companies have specific characteristics for a prospective insured that will generate a profit. A good example of this type of risk profile might be over the age of 50, has a low-risk occupation, and has great credit. Any driver that matches those criteria receives the best auto insurance rates and therefore will save some money.

Potential insureds who do not match the requirements may be required to pay higher prices and the customer buying from someone else. The ads say “drivers that switch” not “everybody who quotes” will save that much if they switch. That is how insurance companies can claim big savings.

Each company has different criteria, so you really need to quote coverage with many companies. It is just not possible to predict the company that will have better prices than you’re paying now.

Insurance coverage basics

Having a good grasp of insurance can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for expenses for things like surgery, pain medications, dental work and doctor visits. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your 2016 Kia Soul EV.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Normally the UM/UIM limits do not exceed the liability coverage limits.

Coverage for liability

Liability insurance protects you from injuries or damage you cause to other’s property or people that is your fault. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Another option is a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for claims such as pain and suffering, bail bonds and loss of income. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Comprehensive coverage

This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like hitting a deer, falling objects and hitting a bird. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision protection

Collision insurance pays to fix your vehicle from damage resulting from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims such as crashing into a building, scraping a guard rail and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. You can also bump up the deductible to save money on collision insurance.

Have money to burn

As you prepare to switch companies, it’s a bad idea to skimp on critical coverages to save a buck or two. There have been many cases where consumers will sacrifice full coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to find the BEST coverage at an affordable rate and still be able to protect your assets.

Some car insurance companies may not offer online quoting and many times these regional insurance providers only sell coverage through local independent agencies. Budget-conscious 2016 Kia Soul EV insurance is definitely available on the web and from local agencies, so you should be comparing quotes from both in order to have the best chance of saving money.

We just showed you many ideas to save on 2016 Kia Soul EV insurance. The key thing to remember is the more you quote insurance coverage, the higher your chance of finding affordable insurance coverage. Drivers may discover the best price on car insurance is with a small local company.

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