2018 Kia Soul EV Car Insurance Cost – 10 Tips for Best Prices

Drivers have lots of choices when trying to find low-cost Kia Soul EV insurance. You can either waste hours contacting agents getting price quotes or save time using the internet to get rate quotes. There are more efficient ways to compare insurance rates and you need to know the quickest way to get price quotes for a Kia and locate the cheapest rates from both online companies and local agents.

Finding the best rates is quite easy. If you currently have a car insurance policy, you will most likely be able to lower your premiums substantially using these tips. Drivers just need to learn the most efficient way to shop on the web.

Use discounts on insurance

Not many people think insurance is cheap, but there’s a good chance there are discounts that you may not know about. Many discounts should be triggered at the time of purchase, but once in a while a discount must be inquired about before they will apply.

  • Sign Online – A few larger online companies give back up to $50 get auto insurance on their website.
  • Active Service Discounts – Having a family member in the military could trigger a small discount.
  • Multiple Policy Discount – If you combine your auto and home policies with one insurance company you could get a discount of 10% to 20% off each policy.
  • Discount for Life Insurance – Larger companies have a lower rate if you buy some life insurance in addition to your auto policy.
  • Telematics Devices – Drivers that enable companies to track driving habits by using a telematics device such as Snapshot from Progressive or Drivewise from Allstate may see discounts as long as they are good drivers.
  • New Car Discount – Buying a new car instead of a used car may earn a small discount compared to insuring an older model.
  • College Student – Children who live away from home at college without a vehicle on campus may be able to be covered for less.
  • Discounts for Seat Belt Usage – Buckling up and requiring all passengers to buckle up before driving can save a little off PIP or medical payments premium.
  • Discounts for Good Drivers – Insureds who avoid accidents can save as much as half off their rates on Soul EV insurance compared to rates paid by drivers with frequent claims.
  • Air Bag Discount – Vehicles equipped with air bags can qualify for discounts of 25 to 30%.

While discounts sound great, it’s important to understand that most discounts do not apply to your bottom line cost. Most cut the price of certain insurance coverages like comp or med pay. Despite the appearance that all those discounts means the company will pay you, insurance companies wouldn’t stay in business.

If you would like to see a list of companies with significant discounts, click this link.

Tailor your car insurance coverage to you

When choosing adequate coverage, there really is not a “best” method to buy coverage. Each situation is unique.

For instance, these questions may help highlight whether your personal situation may require specific advice.

  • What is no-fault insurance?
  • How many claims can I have before being cancelled?
  • What exactly is covered by my policy?
  • Are my friends covered when driving my 2018 Kia Soul EV?
  • Will filing a claim cost me more?
  • Is upholstery damage covered by car insurance?
  • Do I have coverage for damage caused while driving under the influence?
  • Should I buy more coverage than the required minimum liability coverage?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form. It only takes a few minutes and can provide invaluable advice.

Does car insurance advertising bend the truth?

Consumers can’t escape the ads for the lowest price car insurance by State Farm, Geico and Progressive. They all say the same thing about savings just by moving your policy.

But how can every company charge you a lower premium?

All the different companies require specific criteria for the type of customer that makes them money. For instance, a profitable insured might have to be a married female, owns their home, and drives a safe vehicle. A driver that matches those criteria will probably get cheap premium rates and therefore will save when switching.

Potential customers who are not a match for this stringent profile will have to pay higher prices and ends up with the customer not purchasing. If you pay close attention to the ads, they say “customers that switch” but not “everyone who gets a quote” save that much. That is how insurance companies can confidently make claims that they all have the best prices. Because every company is different, it is so important to quote coverage with many companies. Because you cannot predict with any certainty which company will have better premium rates than you’re paying now.

Learn about insurance coverages for a 2018 Kia Soul EV

Learning about specific coverages of your policy can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Collision coverage protection

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

Collision coverage pays for claims such as colliding with another moving vehicle, scraping a guard rail and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP provide coverage for expenses for X-ray expenses, rehabilitation expenses and surgery. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Kia Soul EV.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Liability

Liability insurance can cover damage that occurs to a person or their property by causing an accident. It protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability can pay for things such as loss of income, pain and suffering and funeral expenses. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as damage from flooding, damage from a tornado or hurricane, a broken windshield, damage from getting keyed and hitting a deer. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

The best insurance company isn’t always the cheapest

When buying insurance coverage, do not reduce needed coverages to save money. In many cases, an insured cut liability coverage limits only to find out that the small savings ended up costing them much more. Your focus should be to buy enough coverage for the lowest cost, but do not sacrifice coverage to save money.

Insureds leave their current company for a number of reasons such as policy cancellation, delays in responding to claim requests, unfair underwriting practices and questionable increases in premium. Regardless of your reason, switching insurance coverage companies is pretty simple and you could end up saving a buck or two.

We just presented a lot of information how to lower your 2018 Kia Soul EV insurance premium rates. The key concept to understand is the more providers you compare, the higher your chance of finding the cheapest auto insurance. Drivers may discover the biggest savings come from some of the lesser-known companies.

Much more information about insurance coverage is available at the links below