2015 Kia Soul EV Car Insurance Rates in 2024 – 8 Tips to Save

If you are a novice to online car insurance shopping, you can easily be overwhelmed by the sheer number of local and online companies selling insurance.

How much is car insurance?

There are a lot of ways you can shop for car insurance but one way is easier and takes less work. You can waste a few hours (or days) driving to insurance agencies in your area, or you can stay home and use online quoting to get rates in a matter of minutes.

Most of the best insurance companies belong to a marketplace where prospective buyers only type in their quote data once, and every company then gives them pricing for coverage. This eliminates the need for form submissions to each company.

To compare rates now enter your zip code here.

The single downside to doing it this way is you can’t choose which carriers you want pricing from. If you wish to select specific insurance companies to compare rates, we have assembled a list of companies who write car insurance in your area. Click to enter zip code.

It’s your choice how you get your quotes, but make darn sure you compare equivalent coverage information with each company. If you use different deductibles you will not be able to determine the lowest rate for your Kia Soul EV. Even a minor difference in limits may result in large price differences. Keep in mind that having more price comparisons helps improve the odds of finding the best rates. Some smaller insurers to not give quotes online, so you also need to get quotes on coverage from those companies, too.

Advertising and insurance coverage

Companies like Allstate, GEICO and Progressive regularly use ads on TV and radio. All the ads say the same thing that people will save if you change to them. Is it even possible that every company can give you a lower rate? This is the way they can do it.

Most companies quote their best rates for the type of insured that will generate a profit. For example, a profitable customer could be over the age of 45, insures multiple vehicles, and drives a lower-performance vehicle. A customer who meets those qualifications will get very good premium rates as well as pay quite a bit less when switching companies.

Potential customers who are not a match for those standards will get a higher rate which leads to the customer not buying. The wording the ads use say “drivers that switch” not “everyone that quotes” can get the lowest rates when switching. That is how insurance companies can confidently make claims like that. This really illustrates why you really need to quote coverage with many companies. It is just not possible to predict which insurance coverage company will provide the lowest premium rates.

Take advantage of these eight money-saving discounts

Some providers don’t list all possible discounts very well, so the following is a list of both the well known as well as some of the hidden ways to save on insurance coverage.

• Theft Deterrent System – Anti-theft and alarm system equipped vehicles prevent vehicle theft and can earn a small discount on your policy.
• Multi-policy Discount – If you insure your home and vehicles and insure them with the same company you may earn over 10 percent off each policy depending on the company.
• Military Discounts – Having a deployed family member could mean lower rates.
• Telematics Data – People who choose to allow their company to monitor when and where they use their vehicle by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate may see discounts if they are good drivers.
• Save with More Vehicles Insured – Having several vehicles with one company can get a discount on all vehicles.
• Discounts for New Vehicles – Putting insurance on a new car can get you a discount because new vehicles have to meet stringent safety requirements.
• Homeowners Savings – Simply owning a home can save you money due to the fact that maintaining a home is proof of financial responsibility.
• Senior Citizens – If you qualify as a senior citizen, you are able to get better insurance coverage rates for Soul EV insurance.

As a disclaimer on discounts, most discounts do not apply to the whole policy. Most only reduce individual premiums such as liability, collision or medical payments. Even though it may seem like having all the discounts means you get insurance for free, nobody gets a free ride.

A few companies that may include some of the discounts shown above possibly include:

• GEICO
• MetLife
• Progressive
• Travelers
• SAFECO
• AAA

When getting free insurance quotes, it’s a good idea to every insurance company which discounts can lower your rates. Some of the earlier mentioned discounts may not be offered in your area. For a list of insurers that have a full spectrum of discounts, enter your zip code here.

Do I need special coverages?

When choosing adequate coverage for your vehicles, there isn’t really a “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

These are some specific questions might help in determining if your situation might need professional guidance.

• Does insurance cover damages from a DUI accident?
• What is covered by UM/UIM coverage?
• What vehicles should carry emergency assistance coverage?
• Should I waive the damage coverage when renting a car?
• Are my tools covered if they get stolen from my vehicle?
• Who is covered when they drive my 2015 Kia Soul EV?
• Does my 2015 Kia Soul EV qualify for pleasure use?
• Can I afford to buy a different vehicle if my 2015 Kia Soul EV is totaled?
• Do I need medical payments coverage since I have good health insurance?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and enter your zip code.

Insurance policy specifics

Knowing the specifics of insurance can help you determine appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Coverage for collisions

Collision coverage covers damage to your Soul EV resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like crashing into a building, sustaining damage from a pot hole and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Kia Soul EV.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Coverage for medical payments

Med pay and PIP coverage pay for short-term medical expenses for prosthetic devices, ambulance fees, dental work, rehabilitation expenses and X-ray expenses. The coverages can be used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Comprehensive coverages

This coverage covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as hail damage, theft, a broken windshield and damage from a tornado or hurricane. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability coverages

Liability insurance protects you from injuries or damage you cause to people or other property by causing an accident. This coverage protects you against other people’s claims. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for things such as medical expenses, pain and suffering, bail bonds and loss of income. How much liability should you purchase? That is a personal decision, but buy as much as you can afford.

Make a quick buck

We covered many tips how you can lower your 2015 Kia Soul EV insurance car insurance rates. The key concept to understand is the more providers you compare, the higher the chance of saving money. You may be surprised to find that the best car insurance rates are with some of the smallest insurance companies.

When buying insurance coverage, you should never reduce needed coverages to save money. There are too many instances where an insured dropped liability limits or collision coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The aim is to buy the best coverage you can find at the best cost, not the least amount of coverage.

Insureds leave their current company for a variety of reasons including questionable increases in premium, denial of a claim, an unsatisfactory settlement offer or even policy cancellation. Whatever your reason, switching insurance companies is pretty simple and you could end up saving a buck or two.