Searching for lower auto insurance rates for your Kia Soul? Have you fallen victim to overpriced auto insurance? Believe me, many consumers feel financially strained by their auto insurance policy.
With consumers having so many insurance companies to choose from, it’s nearly impossible to choose the lowest cost insurer.
It’s smart to take a look at other company’s rates periodically because rates are adjusted regularly by insurance companies. Despite the fact that you may have had the best rates for Soul coverage two years ago the chances are good that you can find a lower rate today. So forget all the misinformation about auto insurance because it’s time to teach you how to use online quotes to reduce your cost while increasing coverage.
Locating the cheapest protection is not that difficult. Basically, every driver who buys car insurance should be able to lower their premiums. But consumers benefit from understanding the way insurance companies price insurance differently because it can help you find the best coverage.
Consumers need to have an understanding of the factors that go into determining the price you pay for car insurance. When you know what positively or negatively influences your rates enables informed choices that can help you get much lower annual insurance costs.
Car insurance is not cheap, but you may find discounts to help offset the cost. Most are applied when you get a quote, but some must be manually applied before being credited.
Consumers should know that most discounts do not apply to all coverage premiums. Most only cut the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like you can get free auto insurance, companies wouldn’t make money that way. But any discount will reduce your premiums.
Insurance companies that may have these money-saving discounts may include but are not limited to:
It’s a good idea to ask each company which discounts they offer. All car insurance discounts might not apply everywhere.
When choosing adequate coverage, there is no “perfect” insurance plan. Everyone’s needs are different so your insurance needs to address that. Here are some questions about coverages that can help discover if your situation might need professional guidance.
If it’s difficult to answer those questions then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area.
Learning about specific coverages of a car insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Listed below are the usual coverages offered by car insurance companies.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for X-ray expenses, funeral costs, chiropractic care and EMT expenses. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay
This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things like hitting a deer, vandalism, damage from getting keyed and fire damage. The most you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision insurance covers things such as hitting a mailbox, crashing into a ditch, colliding with another moving vehicle, colliding with a tree and hitting a parking meter. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.
Liability auto insurance
Liability coverage can cover injuries or damage you cause to other’s property or people. This insurance protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Another option is a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.
Liability can pay for claims such as medical expenses, repair bills for other people’s vehicles, repair costs for stationary objects, bail bonds and loss of income. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.
Uninsured/Underinsured Motorist coverage
Your UM/UIM coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Most of the time these limits are identical to your policy’s liability coverage.
While you’re price shopping online, it’s not a good idea to skimp on coverage in order to save money. In many cases, an insured dropped uninsured motorist or liability limits and found out when filing a claim that the small savings ended up costing them much more. Your goal should be to buy enough coverage at an affordable rate while still protecting your assets.
Cost effective 2014 Kia Soul insurance can be found both online in addition to many insurance agents, so you should be comparing quotes from both to have the best selection. Some companies do not provide online quoting and usually these small insurance companies provide coverage only through local independent agents.