2016 Kia Soul EV Insurance Rates

Looking for better car insurance rates for your Kia Soul EV? Scraping up a payment for expensive Kia Soul EV insurance can diminish your savings and put a big crunch on your finances. Consumers have many auto insurance companies to choose from, and though it is a good thing to have a selection, it makes it harder to compare rates.

Choosing the best insurance company for you is not rocket science. If you currently have a car insurance policy, you should be able to save some money using this information. Drivers just need to learn the best way to shop for car insurance over the internet.

Auto insurance discounts help reduce rates

Some insurance providers don’t list the complete list of policy discounts in an easy-to-find place, so we took the time to find a few of the more well known and the harder-to-find discounts that may be available.

  • Student Discounts – Being a good student can earn a discount of 20% or more. Most companies allow this discount well after school through age 25.
  • Military Rewards – Being deployed in the military may lower your prices slightly.
  • Driver’s Ed – Require your teen driver to successfully complete driver’s ed class as it will make them better drivers and lower rates.
  • Low Mileage Discounts – Fewer annual miles on your Kia can qualify you for substantially lower premium rates.
  • Telematics Devices – Drivers who agree to allow their auto insurance company to spy on driving habits remotely like Allstate’s Drivewise might see lower rates if they have good driving habits.
  • Student in College – College-age children who are attending college and won’t have access to an insured vehicle can be insured at a reduced rate.
  • Bundled Policy Discount – When you combine your auto and homeowners insurance with one company you may earn at least 10% off all policies.
  • Theft Deterent – Cars optioned with advanced anti-theft systems prevent vehicle theft so companies will give you a small discount.
  • Membership in Organizations – Being in a qualifying organization is a good way to get lower rates on your next renewal.

Discounts reduce rates, but you should keep in mind that many deductions do not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as comprehensive or collision. Even though it may seem like having all the discounts means you get insurance for free, nobody gets a free ride.

If you would like to view insurance companies that offer some of these discounts, click here to view.

Which is the best insurance?

When it comes to buying the right insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Every insured’s situation is different so your insurance needs to address that. These are some specific questions can help discover whether your personal situation may require specific advice.

  • Does my car insurance cover rental cars?
  • When can my company non-renew my policy?
  • Am I covered when using my vehicle for business?
  • Should I buy more coverage than the required minimum liability coverage?
  • What can I do if my company won’t pay a claim?
  • If I drive on a suspended license am I covered?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Is my camper covered by my car insurance policy?
  • Should I file a claim if it’s only slightly more than my deductible?
  • When should my teen driver be added to my policy?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance companies in your area. It’s fast, free and you can get the answers you need.

Educate yourself about car insurance coverages

Knowing the specifics of your policy can help you determine the best coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types found on most car insurance policies.

Auto liability

This can cover injuries or damage you cause to other people or property that is your fault. It protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims like loss of income, repair costs for stationary objects and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Collision protection

This will pay to fix damage to your Soul EV from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as sustaining damage from a pot hole, crashing into a ditch, colliding with another moving vehicle and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also choose a higher deductible to bring the cost down.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for bills like dental work, EMT expenses, rehabilitation expenses, pain medications and ambulance fees. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants and also covers any family member struck as a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

UM/UIM Coverage

This coverage provides protection from other drivers when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and damage to your 2016 Kia Soul EV.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Comprehensive or Other Than Collision

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like hail damage, a tree branch falling on your vehicle, vandalism, damage from flooding and theft. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Be a Smart Shopper

Cheaper 2016 Kia Soul EV insurance is possible from both online companies in addition to many insurance agents, and you should compare rates from both to have the best rate selection. There are still a few companies who may not offer rates over the internet and many times these small, regional companies sell through local independent agents.

When trying to cut insurance costs, never reduce needed coverages to save money. There have been many cases where drivers have reduced collision coverage only to find out that their decision to reduce coverage ended up costing them more. The ultimate goal is to find the BEST coverage at the best price, not the least amount of coverage.

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Comments About 2016 Kia Soul EV Insurance

  1. Candy Lee

    I’m in the west part of Minneapolis, MN. Quoted with State Farm, Esurance, and Liberty Mutual for my 2016 Kia Soul EV and am saving around $570 a year. Insured with USAA before. I have several vehicles insured with them. Hardly afford to drive anymore.

  2. Scottie Ortega

    Mine is so expensive. From west side of Raleigh, NC. Got quotes with Allstate, Farmers, and Hanover for my 2016 Kia Soul EV and I’m now saving $16 a month. Thankfully I have a good driving record.

  3. Mirian Cochran

    Great info, thanks for posting. Checking in from Spokane, Washington. I got free prices from Progressive, AIG Insurance, and Encompass for my Kia and I’m now saving $38 a month. Left Auto-Owners to switch. I just quoted rates online.

  4. Xenia Bartlett

    Well-written and thought out article. From a town just southwest of Charleston, SC. Quoted a bunch of companies. Saved about $50 a month. Progressive was the most affordable for me. Insured with The General before. I get lower rates because of my clean driving record.

  5. Solange Chavez

    I chose to switch to 21st Century from Auto-Owners. I live in Warren, Michigan. Insured with GMAC before. I get multi-vehicle and multi-policy discounts.

  6. Johnnie Bentley

    Anyone compare Progressive and Allstate rates in Allentown, PA?

  7. Dillon Mcneil

    From northwest of Rapid City, SD. Received quotes from American Family, Nationwide, and Travelers for my Soul EV and I think I saved around $40 each month. Insured with Hanover before. I even had a DUI years ago. Online quotes are the way to go.

  8. Vickie Conrad

    2016 Kia Soul EV + 21st Century = GOOD RATES!

  9. Tanisha Best

    If you have a clean record and live near Eugene, OR, check out 21st Century. They seem to be cheaper. I get lower rates because of my clean driving record.

  10. Marx Mcguire

    I live on the east side of San Jose, CA. Quoted quotes with Auto-Owners, MetLife, and USAA for my 2016 Kia Soul EV and I think I am saving around $50 each month. Ask about discounts. Wish I didn’t have to insure at all.