2012 Kia Soul Insurance Cost – 7 Discounts for Cheaper Prices

Want lower insurance coverage rates for your Kia Soul? Are you a victim of an overpriced insurance coverage policy? Don’t sweat it because there are lots of residents who feel the same.

Insurance companies such as Progressive, State Farm and Geico all claim big savings, bombarding you with ad campaigns and it is challenging if not impossible to see through the deception and take the time to shop coverage around.

If you have car insurance now, you will be able to save some money using this strategy. Finding affordable coverage is easy if you know what you’re doing. Although drivers must know how the larger insurance companies sell online because it can help you find the best coverage.

Lower rate quotes with these seven discounts

Auto insurance companies don’t always advertise all available discounts in an easy-to-find place, so below is a list both well-publicized as well as the least known credits available to lower your premiums when you buy insurance online.

  • Save over 55 – Older drivers may qualify for a discount up to 10% for Soul coverage.
  • Homeowners Pay Less – Simply owning a home can earn you a little savings because it is proof that your finances are in order.
  • Discount for New Cars – Buying insurance coverage on a new vehicle can get you a discount compared to insuring an older model.
  • Government Employee Discount – Having worked for a branch of the government could cut as much as 10% off for Soul coverage with select insurance companies.
  • Defensive Driver Discount – Successfully completing a defensive driver course can save you 5% or more and easily pay for the cost of the class.
  • Distant Student Discount – Any of your kids who are attending college and don’t have a car may be insured at a cheaper rate.
  • Seat Belt Discounts – Forcing all vehicle occupants to wear their seat belts may be able to save a few bucks off the personal injury premium cost.

Consumers should know that most discount credits are not given to the overall cost of the policy. A few only apply to the cost of specific coverages such as comprehensive or collision. Despite the appearance that you could get a free car insurance policy, insurance companies wouldn’t stay in business.

Larger car insurance companies and a partial list of their discounts are detailed below.

  • Farmers Insurance offers premium reductions for alternative fuel, teen driver, bundle discounts, good student, electronic funds transfer, switch companies, and multi-car.
  • Esurance may include discounts for online shopper, anti-theft, DriveSense, anti-lock brakes, and renters.
  • State Farm offers discounts including student away at school, anti-theft, good driver, passive restraint, safe vehicle, good student, and Drive Safe & Save.
  • Geico policyholders can earn discounts including anti-lock brakes, daytime running lights, defensive driver, seat belt use, five-year accident-free, and federal employee.
  • Allstate has savings for early signing, teenSMART discount, premier discount, resident student, and passive restraint.

Before you buy a policy, ask every prospective company what discounts are available to you. Some discounts listed above might not be offered on policies in your area.

Brand name doesn’t guarantee savings

Insurance companies such as Progressive, Allstate and Geico regularly use ads on TV and radio. They all make an identical promise that you’ll save big just by moving your policy. It sounds good, but how can they all charge you a lower premium? This is the trick they use.

Companies have underwriting criteria for the type of driver that makes them money. For instance, a profitable risk profile might be described as a married female, has no driving citations, and drives less than 10,000 miles a year. Any new insured that matches those criteria will get low rates and will probably save quite a bit of money when switching.

People who fall outside these standards will be quoted higher prices and ends up with business not being written. The ads say “drivers that switch” not “everyone that quotes” save money. This is how companies can make those claims. Because each company has a different risk profile, drivers must compare many company’s car insurance rates. Because without a comparison, you cannot know the company that will have the lowest rate quotes.

What is the best car insurance coverage?

When it comes to buying adequate coverage for your personal vehicles, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance should reflect that For example, these questions can aid in determining whether or not you will benefit from professional help.

  • What should my uninsured motorist coverage limits be in my state?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Are there companies who specialize in insuring high-risk drivers?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Does my policy cover my teen driver if they drive my company car?
  • Am I missing any policy discounts?
  • How can I find cheaper teen driver insurance?

If it’s difficult to answer those questions, you may need to chat with an agent. If you don’t have a local agent, complete this form or click here for a list of car insurance companies in your area.

Coverages available on your policy

Having a good grasp of a insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are the normal coverages found on most insurance policies.

Liability car insurance – Liability insurance can cover damages or injuries you inflict on a person or their property that is your fault. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things like bail bonds, legal defense fees, structural damage and emergency aid. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive protection – This coverage covers damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as vandalism, damage from a tornado or hurricane and hail damage. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Collision coverages – This covers damage to your Soul resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as rolling your car, sideswiping another vehicle, driving through your garage door and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. You can also increase the deductible to save money on collision insurance.

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and damage to your Kia Soul.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like X-ray expenses, EMT expenses and funeral costs. The coverages can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Power to the consumer

When you buy insurance online, you should never reduce coverage to reduce premium. There have been many cases where an accident victim reduced uninsured motorist or liability limits and learned later that the savings was not a smart move. The proper strategy is to buy a smart amount of coverage at the best possible price, but don’t skip important coverages to save money.

We just showed you many tips how you can get a better price on 2012 Kia Soul insurance. The key concept to understand is the more you quote insurance, the higher your chance of finding inexpensive insurance. You may even discover the lowest priced car insurance comes from a smaller regional carrier. These companies may cover specific market segments cheaper than the large multi-state companies such as Allstate, Geico and Progressive.

Some companies don’t offer online rate quotes and usually these regional insurance providers only sell coverage through independent insurance agents. Affordable 2012 Kia Soul insurance can be bought on the web and from local insurance agents, so you should compare both so you have a total pricing picture.

More information can be read at the links below