Kia Soul Insurance Quotes in Minneapolis

Really, the only way to get budget Kia Soul insurance is to begin comparing prices regularly from different companies who provide car insurance in Minneapolis.

• Step 1: Get a basic knowledge of how car insurance works and the steps you can take to keep rates in check. Many risk factors that are responsible for high rates like high-risk driving behaviors and a less-than-favorable credit history can be remedied by making small lifestyle or driving habit changes.
• Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from one company like GEICO and State Farm, while agents who are independent can quote rates for a wide range of companies. View prices
• Step 3: Compare the new rate quotes to your existing policy to determine if switching companies saves money. If you find a better price, make sure coverage is continuous and does not lapse.

A good tip to remember is to use similar coverage information on every quote and and to get rate quotes from every insurance company. Doing this ensures an apples-to-apples comparison and a thorough selection of prices.

Unbelievably, nearly 70% of drivers have stayed with the same insurance company for a minimum of four years, and 38% of customers have never even shopped around for affordable coverage. Many consumers in Minnesota can save as much as 50% each year by just comparing quotes, but they underestimate how much savings they would realize if they just switched companies.

Finding the cheapest insurance coverage in Minneapolis is not that difficult. If you’re already insured, you stand a good chance to be able to cut your premiums using the tips covered below. But Minnesota vehicle owners need to have an understanding of how big insurance companies price online insurance and apply this information to your search.

When quoting insurance, remember that more quotes provides better odds of finding more affordable insurance.

The providers in the list below can provide price quotes in Minnesota. To find cheaper car insurance in MN, we suggest you visit several of them to get a more complete price comparison.

Cheaper rates with discounts

Not too many consumers would say car insurance is affordable, but you might be missing out on some discounts that can help lower your rates. Certain discounts will be applied at the time of quoting, but a few must be inquired about before you get the savings.

• Driving Data Discount – Minneapolis drivers who agree to allow their car insurance company to spy on when and where they use their vehicle by using a small device installed in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system could possibly reduce rates if they have good driving habits.
• Discounts for Safe Drivers – Drivers without accidents may receive a discount up to 45% compared to accident prone drivers.
• Accident Free – Insureds who avoid accidents and claims can earn big discounts when compared with frequent claim filers.
• Driver’s Ed – Reduce the cost of insurance for teen drivers by having them complete a driver education course in high school.
• Discount for Swiching Early – A few car insurance companies offer discounts for renewing your policy before your current expiration date. This discount can save up to 10%.

You can save money using discounts, but many deductions do not apply to all coverage premiums. A few only apply to the cost of specific coverages such as medical payments or collision. So even though they make it sound like adding up those discounts means a free policy, nobody gets a free ride. Any qualifying discounts should help reduce the cost of your policy.

The example below compares Kia Soul insurance premiums with and without discounts. The information is based on a female driver, no claims, a clean driving record, Minnesota state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, multi-policy, marriage, safe-driver, and homeowner discounts applied.

The best car insurance companies and a partial list of their discounts can be read below.

• 21st Century may offer discounts for defensive driver, anti-lock brakes, theft prevention, homeowners, 55 and older, and early bird.
• State Farm may include discounts for good driver, good student, Steer Clear safe driver discount, passive restraint, multiple policy, and safe vehicle.
• AAA includes discounts for good student, anti-theft, good driver, multi-car, and multi-policy.
• Liberty Mutual policyholders can earn discounts including multi-car, multi-policy, new move discount, safety features, newly retired, teen driver discount, and hybrid vehicle.
• Progressive has savings for good student, homeowner, multi-policy, online signing, continuous coverage, and multi-vehicle.

If you are trying to find affordable Kia Soul insurance quotes, ask all companies you are considering how you can save money. All car insurance discounts may not be offered in Minneapolis.

Car insurance data for a Kia Soul

The rate information displayed below covers detailed analysis of insurance coverage prices for Kia Soul models. Having knowledge of how auto insurance policy rates are figured is important to be able to make smart choices when buying a policy.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Rates do not factor in vehicle location which can influence premiums significantly.

Higher deductibles save money

When buying car insurance, a common question is at what level do you set your deductibles. The premium rates below lay out the premium difference when you select higher and lower deductibles. The first set of prices uses a $250 deductible for comp and collision and the second price chart uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Price information does not factor in the specific area where the vehicle is garaged which can impact insurance rates significantly.

Based on the data above, we can derive that using a $250 deductible will cost you approximately $13 more each month or $156 a year than requesting the higher $500 deductible. Because you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 19 months between claims, you would save money if you opt for a higher deductible.

The chart below demonstrates how deductibles and can increase or decrease Kia Soul yearly insurance costs for different age groups. The information is based on a single male driver, comprehensive and collision coverage, and no discounts are applied.

Age-based car insurance rates by gender in Minneapolis

The diagram below shows the comparison of Kia Soul insurance premiums for male and female drivers. The costs are based on no claims, a clean driving record, full physical damage coverage, $1,000 deductibles, single status, and no discounts are factored in.

Comparison of full coverage and liability-only policies

The illustration below visualizes the comparison of Kia Soul auto insurance costs with full physical damage coverage compared to only buying liability only. The rate quotes are based on no claims or driving citations, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Guidelines for eliminating full coverage

There is no clear-cut rule to delete physical damage insurance, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your Kia Soul settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $5,000 after paying your policy deductible. If you are paying more than $500 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some cases where only buying liability is not recommended. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.

Learn How to Lower Your Insurance Costs

Many different elements are part of the equation when premium rates are determined. A few of the factors are predictable like an MVR report, although others are less obvious such as whether you are married and annual miles driven.

• Your occupation is a factor – Do you work in a high-stress field? Occupations such as doctors, airline pilots, and miners generally have the highest average rates due to high stress and lots of time spent away from family. Conversely, occupations like professors, engineers and homemakers pay lower than average rates.

• Insurance premiums and vehicle performance – The performance level of the vehicle you are buying insurance for makes a substantial difference in how high your rates are. The best insurance prices are usually for smaller low performance passenger cars, but other factors influence the final cost greatly.

  The following chart uses these variables: married male driver age 30, full coverage with $250 deductibles, and no discounts or violations. It compares Kia Soul rates compared to other models of vehicles that have different performances.

• Improve your credit score – Having a bad credit score factor in calculating your insurance rates. Insureds that have high credit scores tend to file fewer claims than those with lower credit ratings. If your credit history could use some work, you may save money insuring your Kia Soul by taking the time to improve your credit score.
• Lower rates by increasing comp and collision deductibles – Physical damage deductibles are the amount of money you are willing to pay if a covered claim is submitted. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Examples of some claims that would be covered are collision with another vehicle, fire damage, and having a roll-over accident. The more damage repair cost the insured has to pay upfront, the bigger discount you will receive.
• Having a spouse can lower prices – Having a spouse may earn you lower rates compared to being single. It means you’re more stable financially and insurance companies reward insureds because married drivers tend to file fewer claims.
• Cheaper insurance rates using alarms and GPS tracking – Selecting a car model with advanced anti-theft systems can get you a discount on your insurance. Advanced theft deterrents like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent car theft and help bring rates down.

• Insurance losses for a Kia Soul – Companies analyze the history of losses as a way to help calculate a profitable premium price. Models that are shown to have increased losses will be charged more to insure.

  The data below shows the compiled insurance loss statistics for Kia Soul vehicles. For each insurance policy coverage type, the statistical loss for all vehicles, regardless of make or model, is represented as 100. Values under 100 suggest a positive loss record, while values that are above 100 point to more losses or tendency to have larger claims.

  
  

  Kia Soul Insurance Loss Statistics

  Specific Kia Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Kia Soul	89	98	84	138	138	118

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years