2017 Kia Soul EV Insurance Cost

Expensive Kia Soul EV insurance can dry up your funds and make it hard to pay other bills. Performing a rate comparison can save money and help to cut your insurance bill.

Vehicle owners have multiple insurance companies to choose from, and although it’s nice to have a selection, more choices can make it harder to find the lowest cost provider.

Finding the best rates is not that difficult. If you are insured now or need new coverage, you can use these techniques to get lower rates while maintaining coverages. Vehicle owners just need to learn the proper methods to get comparison rates online.

Buy Kia Soul EV insurance cheaper

One of the most helpful ways to save on car insurance is to to have a grasp of the rating factors that aid in calculating the level of your policy premiums. When consumers understand what positively or negatively impacts your premiums, this helps enable you to make changes that may reward you with better car insurance rates.

  • Are you male or female? – Statistics demonstrate women tend to be less risk to insure than men. However, don’t assume that females are better at driving than males. They both cause fender benders at a similar rate, but the male of the species get into accidents with more damage. Men also tend to get cited for more serious violations like reckless driving and DUI.
  • Discounts for multiple policies – Most larger car insurance companies afford better rates to buyers that buy multiple policies such as combining an auto and homeowners policy. Even if you qualify for this discount already, drivers will still want to compare other insurance prices to verify if the discount is saving money.
  • Pay more by driving carelessly – Even one speeding ticket could increase your next policy renewal twenty percent or more. Attentive drivers have lower premiums as compared to those with violations. Drivers who have received dangerous violations like reckless driving or DUI are required to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to prevent a license revocation.
  • Your address can affect prices – Residing in small towns and rural areas can be a good thing when trying to find low car insurance rates. Lower population corresponds to lower accident rates. People who live in big cities regularly have more traffic problems and longer commute times. More time behind the wheel can result in more accidents.
  • You might have higher rates if you are single – Your spouse can get you a discount on your car insurance policy. It is viewed as being more mature than a single person and insurance companies reward insureds because married drivers get in fewer accidents.
  • Lower miles equals lower premium – The higher the miles on your Kia each year the more you will pay for car insurance. A lot of companies apply a rate partially by how you use the vehicle. Cars and trucks that have low annual miles cost less to insure than those that get driven frequently. Make sure your car insurance policy correctly shows the correct usage. Having the wrong rating on your Soul EV is just wasting money.
  • Your stress level may be raising your prices – Did you know your career choice can influence rates? Jobs such as fire fighters, executives and medical professionals tend to pay higher average rates due to stressful work requirements and lengthy work days. On the flip side, careers such as professors, engineers and homemakers generally pay rates lower than average for Soul EV coverage.

Insurance coverage companies offer lots of discounts

Some insurers do not list all their discounts very well, so the list below details some of the more common and also the more inconspicuous credits that may apply to you.

  • Own a Home and Save – Being a homeowner can get you a discount because of the fact that having a home is proof of financial responsibility.
  • Discounts for Cautious Drivers – Safe drivers can save as much as half off their rates for Soul EV coverage as compared to drivers with claims.
  • Early Switch Discount – A few insurance coverage companies give discounts for renewing your policy before your current coverage expires. You may see this discount when you get car insurance quotes online.
  • Life Insurance Discount – Larger insurance companies have better prices if you take out life insurance.
  • No Claim Discounts – Drivers with accident-free driving histories get the best insurance coverage rates in comparison with insureds who have frequent claims or accidents.
  • Clubs and Organizations – Participating in a civic or occupational organization could earn you a nice discount on your policy.

Don’t be shocked that most of the big mark downs will not be given to the entire policy premium. Some only apply to specific coverage prices like liability, collision or medical payments. Just because you may think you would end up receiving a 100% discount, you won’t be that lucky.

Companies that may offer policyholders these benefits include:

If you need lower rates, check with all the companies the best way to save money. Some of the earlier mentioned discounts might not be available to policyholders in your area. To see a list of companies who offer discounts, click here to view.

But the ad said I’d save 15% in 15 minutes!

Consumers can’t get away from all the ads that promise big savings from the likes of 21st Century, Allstate and State Farm. They all seem to have a common claim that you’ll save big after switching to their company.

How do they all cost less than your current company? You have to listen carefully.

All companies give the best rates for the type of customer that earns them the highest profit. One example of a desirable risk should be a mature driver, carries high limits, and drives a safe vehicle. Anybody who fits those characteristics will get a cheap rate quote and is almost guaranteed to cut their rates substantially.

Drivers who don’t qualify for this stringent profile may be forced to pay a more expensive rate which translates to the customer buying from a different company. The trick is to say “people who switch” not “everybody who quotes” save the amount stated. That’s why companies can make those statements. Because of these techniques, you should do a price quote comparison at every renewal. Because you never know the company that will provide you with the cheapest car insurance rates.

Do I just need basic coverages?

When it comes to choosing the right insurance coverage, there really is no best way to insure your cars. Every situation is different so your insurance needs to address that. Here are some questions about coverages that can help discover whether your personal situation could use an agent’s help.

  • What exactly is covered by my policy?
  • Am I covered if I hit a deer?
  • What if I total my 2017 Kia Soul EV and owe more than it’s worth?
  • Am I covered if I hit my neighbor’s mailbox?
  • Are split liability limits better than a combined single limit?
  • Should I have a commercial auto policy?
  • How does medical payments coverage work?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.

Insurance coverages 101

Knowing the specifics of insurance can help you determine appropriate coverage and proper limits and deductibles. The terms used in a policy can be confusing and coverage can change by endorsement. These are the normal coverages found on the average insurance policy.

Collision coverage protection

Collision insurance covers damage to your Soul EV resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as colliding with a tree, hitting a parking meter, crashing into a building and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible to bring the cost down.

Comprehensive protection

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

Comprehensive coverage pays for claims like fire damage, hitting a bird, hitting a deer and hail damage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Liability insurance

This coverage can cover injuries or damage you cause to a person or their property. This coverage protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 100/300/100 that translate to $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 coverage protects against things like legal defense fees, bail bonds, attorney fees, repair costs for stationary objects and court costs. How much liability coverage do you need? That is up to you, but consider buying as high a limit as you can afford.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for short-term medical expenses for hospital visits, funeral costs and nursing services. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and also covers getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and also any damage incurred to your Kia Soul EV.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Keep this in mind

More affordable auto insurance is possible online and with local insurance agents, so you need to shop car insurance with both so you have a total pricing picture. Some insurance providers do not provide online rate quotes and most of the time these regional insurance providers sell through independent agencies.

As you prepare to switch companies, you should never reduce coverage to reduce premium. In many cases, drivers have reduced comprehensive coverage or liability limits and discovered at claim time that the few dollars in savings costed them thousands. Your goal should be to buy enough coverage at the lowest possible cost, not the least amount of coverage.

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