How Much Does 2018 Kia Soul EV Insurance Cost?

Want the cheapest insurance rates for your Kia Soul EV? Have you finally had enough of robbing Peter to pay Paul to insure your Kia every month? You are no different than millions of other people. Due to the large number of insurance providers from which to choose, it is very difficult to locate the right insurance company.

Choosing the best insurance company for you is quite easy. If you are paying for car insurance now, you should be able to lower your premiums substantially using this strategy. Drivers just need to learn how to get comparison quotes online.

Four factors that influence insurance costs

Smart consumers have a good feel for the factors that aid in calculating your policy premiums. If you have some idea of what determines base rates, this enables you to make decisions that may result in lower insurance coverage prices.

  • More miles driven equals more premium – The more you drive your Kia each year the higher the price you pay to insure it. Many insurance companies apply a rate determined by how the vehicle is used. Cars and trucks left parked in the garage receive lower rates than vehicles that have high annual mileage. An improperly rated Soul EV may be costing you higher rates. Make sure your declarations sheet correctly shows annual mileage, because improper ratings can cost you money.
  • Raising physical damage deductibles saves money – Physical damage deductibles tell how much you are required to spend if a claim is determined to be covered. Insurance for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Examples of covered claims are collision with another vehicle, animal collisions, and damage from wind. The more expense the insured has to pay upfront, the bigger discount you will receive on Soul EV insurance.
  • Married drivers get better prices – Having a significant other actually saves money on your insurance coverage bill. It demonstrates that you tend to be more mature and it’s statistically proven that drivers who are married file infrequent claims.
  • Occupation reflects on prices – Jobs like military personnel, business owners and miners are shown to have the highest rates due to intense work requirements and extremely grueling work hours. Conversely, careers such as farmers, students and homemakers have lower than average premiums on Soul EV insurance.

Compare auto insurance quotes

There are a lot of ways to compare auto insurance prices but some are easier and takes less work. You could waste a few hours talking about coverages with insurance agencies in your area, or you could save time and use the internet to maximize your effort.

Many of the larger companies participate in an industry program that enables customers to submit their information once, and each company provides a quote based on the submitted data. This prevents consumers from doing repetitive form submissions for each company you want a rate for. To find out what other companies charge click here to open in new window.

The only drawback to getting quotes like this is you are unable to specify the insurers to receive prices from. If you wish to select from a list of companies to compare, we have a page of auto insurance companies in your area. Click to view list.

Compare rates however you want, just make sure you compare the same quote data for every company. If you have unequal deductibles or liability limits it will be very difficult to determine the best price for your Kia Soul EV.

Discounts for lower-cost insurance coverage quotes

Companies that sell car insurance don’t always publicize every discount in an easy-to-find place, so we took the time to find both well-publicized in addition to some of the lesser obvious insurance coverage savings.

  • 55 and Retired – If you qualify as a senior citizen, you are able to get a small decrease in premiums on Soul EV insurance.
  • Discount for Home Ownership – Owning a home may trigger a policy discount on insurance coverage since home ownership is proof of financial responsibility.
  • Lower Rates for Military – Being on active deployment in the military could be rewarded with lower premium rates.
  • Discount for Passive Restraints – Cars that have air bags and/or automatic seat belt systems can get savings of 20 to 30 percent.
  • Defensive Driver Discounts – Taking a course that instructs on driving safety may get you a small discount if you qualify.
  • New Car Discount – Putting insurance coverage coverage on a new car can cost up to 25% less compared to insuring an older model.

As a footnote on discounts, some of the credits will not apply to the entire policy premium. Some only apply to specific coverage prices like collision or personal injury protection. Just because it seems like adding up those discounts means a free policy, you won’t be that lucky.

The best insurance coverage companies and some of the discounts are outlined below.

  • Farm Bureau policyholders can earn discounts including safe driver, multi-vehicle, driver training, good student, renewal discount, youthful driver, and 55 and retired.
  • State Farm includes discounts for passive restraint, safe vehicle, multiple autos, student away at school, Drive Safe & Save, and multiple policy.
  • Progressive offers discounts for online quote discount, continuous coverage, good student, homeowner, multi-vehicle, and online signing.
  • Allstate offers discounts including economy car, teenSMART discount, early signing, utility vehicle, and passive restraint.
  • Nationwide may include discounts for accident-free, Farm Bureau membership, defensive driving, business or organization, family plan, easy pay, and multi-policy.
  • MetLife discounts include good driver, claim-free, defensive driver, good student, multi-policy, accident-free

When getting free auto insurance quotes, it’s a good idea to all the companies to apply every possible discount. Some of the discounts discussed earlier may not be offered in your area. To locate providers with significant discounts, click here to view.

You may need specialized auto insurance coverage

When choosing the right insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Every insured’s situation is different so this has to be addressed. For example, these questions might help in determining whether you may require specific advice.

  • Will I be non-renewed for getting a DUI or other conviction?
  • What is roadside assistance coverage?
  • Is my dog or cat covered if injured in an accident?
  • Do I need medical payments coverage since I have good health insurance?
  • Am I covered if I crash into my own garage door?
  • At what point should I drop full coverage?
  • Is a blown tire covered by insurance?
  • Can I afford low physical damage deductibles?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It’s fast, free and may give you better protection.

Insurance coverage basics

Knowing the specifics of your policy helps when choosing the best coverages for your vehicles. Insurance terms can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverages offered by insurance companies.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage pay for expenses for things like rehabilitation expenses, funeral costs, ambulance fees, hospital visits and dental work. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states but can be used in place of medical payments coverage

Coverage for liability

This coverage protects you from damages or injuries you inflict on a person or their property by causing an accident. It protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage pays for things such as attorney fees, loss of income, emergency aid and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.

Auto collision coverage

This will pay to fix damage to your Soul EV resulting from a collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as hitting a parking meter, crashing into a ditch, damaging your car on a curb and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible to bring the cost down.

Comprehensive auto coverage

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like hitting a deer, damage from flooding, falling objects and vandalism. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

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

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

More quotes mean more savings

In this article, we covered many ways to reduce 2018 Kia Soul EV insurance car insurance rates online. The key thing to remember is the more times you quote, the better likelihood of getting low cost auto insurance. Consumers may even find the lowest car insurance rates are with a small local company. These smaller insurers may often insure only within specific states and give getter rates than their larger competitors like State Farm, GEICO and Nationwide.

There are still a few companies who may not offer internet price quotes and usually these small insurance companies work with independent insurance agencies. Cost effective 2018 Kia Soul EV insurance can be found from both online companies in addition to many insurance agents, and you need to price shop both to have the best selection.

Additional information can be read at the links below