Kia Soul Insurance Rates in Louisville

Trying to find lower-priced Kia Soul insurance in Louisville? I can’t think of anyone who likes having to buy insurance, especially knowing they could get a better deal.

Unbelievable but true according to a study over 70% of consumers have bought insurance from the same company for a minimum of four years, and 38% of customers have never shopped around. With the average insurance premium being $2,100, Kentucky drivers can save hundreds of dollars each year by just shopping around, but they just feel it’s too hard to do a rate comparison.

Steps to buying cheaper Kia Soul insurance in Louisville

Truthfully, the best way to get the cheapest Kia Soul insurance in Louisville is to start comparing prices yearly from different companies that sell auto insurance in Kentucky.

• First, spend some time learning about policy coverages and the changes you can make to keep rates low. Many rating factors that result in higher rates like traffic tickets, fender benders, and a substandard credit score can be remedied by making minor driving habit or lifestyle changes. Later in this article we will cover the details to help find cheaper rates and get bigger discounts.
• Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like Progressive or Farmers Insurance, while agents who are independent can quote rates from many different companies.
• Third, compare the new rate quotes to the price on your current policy and determine if there is any savings. If you find a better price and switch companies, make sure coverage is continuous and does not lapse.

A good piece of advice is to compare the same deductibles and limits on every price quote and and to get rate quotes from all possible companies. This ensures a fair price comparison and the best price quote selection.

Popular companies such as Progressive, GEICO and Farmers Insurance all promote huge savings with ads and it can be hard to ignore the flashy ads and find the best price available.

Consumers need to get comparison quotes occasionally because insurance rates change regularly. Despite the fact that you may have had the best deal on Kia Soul insurance in Louisville last year you will most likely find a better price today. Block out anything you think you know about insurance because we’re going to show you the easiest way to remove unneeded coverages and save money.

Earn discounts to get lower-cost Louisville insurance quotes

Companies offering auto insurance do not advertise all discounts in an easy-to-find place, so we break down both the well known as well as some of the hidden insurance savings.

• Military Deployment Discount – Being deployed with a military unit could trigger a small discount.
• Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle up before driving can save up to 10 percent (depending on the company) off the medical payments premium.
• Discounts for Responsible Drivers – Safe drivers can save as much as half off their rates compared to rates paid by drivers with frequent claims.
• Theft Deterrent – Anti-theft and alarm system equipped vehicles are stolen with less frequency and will save you 10% or more on Soul insurance in Louisville.
• Multiple Policy Discount – If you have multiple policies with one insurance company you could earn a discount of approximately 10% to 15%.
• Home Ownership Discount – Just being a homeowner can earn you a little savings because owning a home requires a higher level of personal finance.
• No Claims – Louisville drivers who stay claim-free have much lower rates in comparison with bad drivers.
• Good Students Pay Less – Excelling in school may save you up to 25%. Most companies allow this discount up until you turn 25.

As a sidenote, many deductions do not apply to the overall cost of the policy. Some only apply to specific coverage prices like liability and collision coverage. So even though they make it sound like you can get free auto insurance, company stockholders wouldn’t be very happy.

The example below compares Kia Soul premium costs with and without discounts applied to the rates. Data assumes a female driver, no accidents, no driving violations, Kentucky state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-policy, homeowner, safe-driver, and multi-car discounts applied.

To see insurance companies that offer many of these discounts in Kentucky, follow this link.

The method we recommend to compare policy rates for Kia Soul insurance in Louisville takes advantage of the fact car insurance companies pay for the opportunity to compare rate quotes. The only thing you need to do is provide a little information including whether you are married, deductibles desired, if your license is active, and the type of vehicles you drive. The data is instantly provided to multiple companies and they return cost estimate instantly.

If you would like to start a quote now, click here and find out if lower rates are available in Louisville.

The auto insurance companies shown below offer free quotes in Louisville, KY. If multiple companies are listed, we recommend you visit several of them to get the best price comparison.

Analysis of coverages

The coverage table shown below covers detailed analysis of insurance coverage prices for Kia Soul models. Having insight into how auto insurance premiums are figured is important for drivers to make informed decisions when comparing rate quotes.

Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Rate information does not factor in your specific Louisville location which can alter rates noticeably.

Higher deductibles save money

One common question asked by Louisville drivers is how high should the physical damage coverage deductibles be. The data tables below help summarize the price difference between low and high deductibles. The first rate quote example uses a $100 physical damage deductible and the second data table uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rate quotes do not factor in garaging location in Louisville which can modify prices noticeably.

Based on these figures, using a $100 deductible will cost you roughly $34 more each month or $408 for a full year than requesting the higher $1,000 deductible. Since you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at least 26 months between claim filings, you would more than likely save some money if you opt for a higher deductible. Here’s the way you can perform this determination yourself.

One important caveat is that a higher deductible level means you will have to pay more of your own money when you have a physical damage claim. That will require some funds available in the event you need to pay the higher deductible in order to repair your vehicle.

The example below highlights how deductible selection and can affect Kia Soul yearly insurance costs for different age groups. The costs are based on a married female driver, comp and collision included, and no discounts are applied.

Difference between liability only and full coverage rates

The chart below shows the difference between Kia Soul insurance costs with full coverage compared to only the Kentucky minimum liability coverage. The data assumes no tickets, no at-fault accidents, $250 deductibles, marital status is single, and no discounts are taken into consideration.

Should you buy full coverage or liability only?

There is no definitive guideline to exclude full coverage on your policy, but there is a general school of thought. If the annual cost of coverage is about 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s say your Kia Soul book value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $7,000 after paying your deductible. If premiums are more than $700 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are a few cases where buying only liability insurance is not recommended. If you still owe a portion of the original loan, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not remove full coverage.

Car insurance quotes from neighborhood Louisville auto insurance agents

Some consumers still like to sit down with an agent and that can be a smart move A nice benefit of comparing rates online is you may find cheap rate quotes and still have an agent to talk to.

After filling out this quick form, your coverage information is immediately sent to agents in your area who will gladly provide quotes for your coverage. You don’t have to find an agent since rate quotes are delivered directly to your email. It’s the lowest rates and a licensed agent to talk to. In the event you want to get a rate quote for a specific company, just find their quoting web page to submit a rate quote request.

Choosing the best insurer shouldn’t rely on just the quoted price. Any agent in Louisville should have no problem answering these questions:

• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
• Can they help ensure a fair claim settlement?
• Do they have 24-hour customer assistance?
• What is the financial rating for the quoted company?
• Do they have a Better Business Bureau rating in Louisville?
• What insurance companies do they recommend if they are an independent agent?
• Where are claims handled?

When searching for a good insurance agency, there are two different types of agencies and how they work. Car insurance agencies are categorized either exclusive or independent.

Exclusive Car Insurance Agents

These agents are contracted to one company and examples are Allstate, State Farm and Farm Bureau. These agents are not able to compare rates from other companies so it’s a take it or leave it situation. Exclusive agents are highly trained on their company’s products and that enables them to sell even at higher rates.

Listed below are Louisville exclusive insurance agencies that can give you price quotes.

View more Louisville agents

Independent Agencies or Brokers

Independent agents do not work for one specific company so they can write business with any number of different companies and find you cheaper rates. If your premiums go up, your agent can switch companies which makes it simple for you. When comparing rate quotes, you will definitely want to get several quotes from a few independent agents in order to have the best price comparison.

Below are independent agencies in Louisville that can give you price quote information.

View more Louisville agents

Cheaper rates are available

Lower-priced auto insurance in Louisville can be found on the web and from local insurance agents, and you should compare rates from both to have the best chance of lowering rates. Some auto insurance companies may not provide rate quotes online and most of the time these small insurance companies provide coverage only through independent agents.

We’ve covered many ways to get a better price on Kia Soul insurance in Louisville. The most important thing to understand is the more providers you compare, the better chance you’ll have of finding affordable Kia Soul insurance quotes. You may even find the best price on auto insurance is with a small local company. Some small companies can often provide lower premium rates in certain areas compared to the large companies like Allstate and Progressive.

Steps to quoting cheaper Kia Soul insurance in Louisville

Really, the only way to get low-cost Kia Soul insurance in Louisville is to start comparing rates regularly from companies in Kentucky. Rate comparisons can be done by following these guidelines.

1. Get an understanding of individual coverages and the factors you can control to prevent expensive coverage. Many rating factors that cause high rates such as accidents, traffic tickets, and a low credit score can be controlled by improving your driving habits or financial responsibility.
2. Compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive or State Farm, while independent agents can quote prices from multiple companies.
3. Compare the new rate quotes to your current policy premium and see if there is a cheaper rate. If you can save money and decide to switch, ensure coverage does not lapse between policies.
4. Tell your current company of your intent to cancel your current car insurance policy and submit the signed application along with the required initial payment for the new policy. Once received, safely store the certificate verifying coverage in your vehicle’s glove compartment or console.

A good tip to remember is that you’ll want to compare the same coverage limits and deductibles on each quote request and and to compare every company you can. Doing this helps ensure a fair price comparison and the best rate selection.

Even more information can be found in these articles:

• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
• Who Has Affordable Auto Insurance for Homeowners in Louisville? (FAQ)
• How Much is Auto Insurance for Felons in Louisville? (FAQ)
• Who Has the Cheapest Car Insurance for a Toyota Camry in Louisville? (FAQ)
• Neck Injury FAQ (iihs.org)
• What does Personal Injury Protection (PIP) Cover? (Allstate)