Save on 2018 Kia Soul EV Insurance Quotes

Buyers have options when searching for the best price on Kia Soul EV insurance. You can either waste hours driving around to get rate comparisons or leverage the internet to compare rates.

There is a better way to find insurance online so we’re going to tell you the absolute fastest way to price shop coverage on a Kia and get the cheapest rates from local insurance agents and online providers.

Auto insurance quotes comparison

There are a lot of ways to compare auto insurance prices but some are less labor-intensive and much quicker. You could spend the better part of a day discussing policy coverages with agents in your area, or you could use the internet to quickly compare rates.

Many insurance companies belong to a marketplace where prospective buyers submit their information once, and each company returns a competitive quote for coverage. This prevents consumers from doing quote forms for every auto insurance company.

To find out how much you’re overpaying now click here (opens in new window).

One minor caviat to comparing rates this way is that consumers can’t choose which providers to receive prices from. So if you want to select from a list of companies for rate comparison, we have a page of auto insurance companies in your area. View list of insurance companies.

The method you choose is up to you, but try to use exactly the same quote information with each company. If each company quotes different liability limits it’s impossible to determine the lowest rate for your Kia Soul EV.

Do you qualify for discounts?

Some insurance providers do not list every discount in a way that’s easy to find, so the next list breaks down some of the more common and the more hidden credits that you can use to lower your rates.

  • One Accident Forgiven – but companies like Libery Mutual, GEICO and Allstate will let one accident slide before your rates go up with the catch being you have to be claim-free prior to the accident.
  • Seat Belt Discounts – Requiring all passengers to buckle up before driving can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
  • Onboard Data Collection – Policyholders that allow companies to track their driving habits by using a telematic data system such as Progressive’s Snapshot may see discounts if they exhibit good driving behavior.
  • College Student Discount – College-age children living away from home attending college without a vehicle on campus may be insured at a cheaper rate.
  • Discounts for Multiple Vehicles – Insuring all your vehicles with the same company could earn a price break for each car.
  • Senior Citizens – Seniors may qualify for reduced rates on Soul EV insurance.
  • Memberships – Participating in a qualifying organization could qualify you for a break when shopping for auto insurance.
  • Early Signing – Select auto insurance companies give a discount for switching policies before your current policy expires. It can save you around 10%.
  • Discount for Multiple Policies – If you insure your home and vehicles with the same insurance company you could get a discount of up to 20% off your total premium.

A little disclaimer on discounts, most discount credits are not given to the whole policy. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think all those discounts means the company will pay you, you won’t be that lucky.

To find companies that offer some of these discounts, follow this link.

The Kia Soul EV insurance premium equation

Lots of things are part of the calculation when you get your auto insurance bill. Some are obvious such as traffic violations, although some other factors are more transparent such as whether you are married or your commute time.

  • More annual miles equals more premium – Driving a lot of miles in a year’s time the more it will cost to insure it. Many insurance companies price each vehicle’s coverage based upon how the vehicle is primarily used. Autos that are left in the garage receive better premium rates than those used for commuting. Verify your car insurance coverage states the proper vehicle usage, because it can save money. Having the wrong rating on your Soul EV may be wasting your money.
  • Extra coverages that may not be needed – Insurance policies have a lot of additional coverages that may not really be needed if you don’t pay attention. Add-on coverages like replacement cost coverage, accidental death, and Farm Bureau memberships are probably not needed. They may seem like a good idea initially, but now you might not need them so remove them and pocket the money.
  • Discounts for multiple policies – Most insurers apply discounts to buyers that have more than one policy, otherwise known as a multi-policy discount. Even if you qualify for this discount already, you still need to compare rates to help ensure you have the lowest rates.There is a good possibility that you can save more without the discount even if you have your coverage with different companies
  • Decrease rates by maintaining coverage – Driving without insurance coverage in place is a misdemeanor and you will pay a penalty because you let your insurance lapse for non-payment. In addition to paying higher rates, being ticketed for driving with no insurance could result in fines and jail time.
  • Gender matters – Statistics show that females tend to be a little less risky than males. Now that doesn’t mean men are WORSE drivers than women. Both genders tend to get into fender benders at a similar rate, but men tend to have more serious accidents. Men also tend to get ticketed for serious violations such as DWI and reckless driving.
  • Poor credit history equals high premiums – Having a bad credit score factor in calculating your premium rate. If your credit score is lower than you’d like, you could pay less to insure your 2018 Kia Soul EV by taking the time to improve your credit score. People with very high credit ratings tend to be less risk to insure as compared to drivers with lower credit ratings.
  • GPS tracking and theft deterrents lowers prices – Purchasing a vehicle that has a built-in theft deterrent system can earn a premium discount. Theft deterrent systems such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop your vehicle from being stolen.
  • Do you really need to file that car insurance claims? – If you’re an insured who likes to file claims you should expect much higher rates or policy non-renewal. Companies generally give lower rates to policyholders who only file infrequent claims. Auto insurance is intended to be relied upon for claims that you cannot pay yourself.

Don’t assume everyone needs the same insurance coverage

When it comes to choosing the best insurance coverage, there really is not a one size fits all plan. Every insured’s situation is different.

Here are some questions about coverages that might help in determining whether your personal situation will benefit from professional help.

  • Is there coverage for injuries to my pets?
  • What are the financial responsibility laws in my state?
  • Will my insurance pay for OEM parts?
  • At what point should I drop full coverage?
  • Am I better off with higher deductibles on my 2018 Kia Soul EV?
  • When do I need to add a new car to my policy?
  • Are there companies who specialize in insuring high-risk drivers?

If you can’t answer these questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, complete this form. It is quick, free and can provide invaluable advice.

Auto insurance coverages

Having a good grasp of auto insurance can help you determine the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Liability auto insurance

Liability coverage will cover damage that occurs to other’s property or people. This insurance protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 that means you have $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability coverage pays for claims like legal defense fees, funeral expenses and emergency aid. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for injuries to you and your family and also any damage incurred to your Kia Soul EV.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Normally these coverages are set the same as your liablity limits.

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 coverage protects against claims such as rock chips in glass, hitting a bird and fire damage. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision coverage

This pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision insurance covers things such as colliding with another moving vehicle, colliding with a tree, rolling your car and scraping a guard rail. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for EMT expenses, funeral costs and dental work. The coverages can be utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible

One last thing about your coverage

When shopping online for auto insurance, don’t be tempted to reduce needed coverages to save money. There are too many instances where an accident victim reduced collision coverage to discover at claim time that they should have had better coverage. The proper strategy is to find the BEST coverage at the best price while still protecting your assets.

Drivers change insurance companies for a variety of reasons including delays in paying claims, policy non-renewal, denial of a claim and not issuing a premium refund. No matter why you want to switch, choosing a new company can be easier than you think.

You just read many ways to reduce 2018 Kia Soul EV insurance car insurance rates online. It’s most important to understand that the more companies you get premium rates for, the better chance you’ll have of finding the cheapest car insurance. You may be surprised to find that the best price on auto insurance is with some of the lesser-known companies.

Even more information is located in these articles: