Cheap Kia Soul Insurance in Fort Worth

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Insurance for Kia SoulTruthfully, the best way to get affordable car insurance rates in Fort Worth is to begin comparing prices regularly from insurance carriers that insure vehicles in Texas.

  1. Try to comprehend the coverage provided by your policy and the things you can control to drop your rates. Many rating criteria that cause high rates such as speeding tickets, accidents and an unacceptable credit score can be rectified by making minor driving habit or lifestyle changes. Read the full article for tips to help reduce premium rates and find missing discounts.
  2. Get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or Farmers Insurance, while agents who are independent can provide prices from multiple companies.
  3. Compare the new rate quotes to the price on your current policy and see if there is a cheaper rate. If you find a lower rate quote and switch companies, make sure coverage does not lapse between policies.

One key aspect when comparing rates is that you'll want to make sure you compare identical limits and deductibles on each price quote and to quote with as many car insurance companies as possible. Doing this helps ensure a fair price comparison and a thorough price selection.

Anyone knows that auto insurance companies don't want you shop around. Consumers who shop around for cheaper rates are inclined to buy a new policy because there is a great chance of finding a more affordable policy. A recent survey found that people who regularly compared price quotes saved over $860 a year compared to other drivers who don't make a habit of comparing rates.

If finding the best rates on auto insurance in Fort Worth is your objective, then learning about the best ways to shop for cheaper coverage can make the process less intimidating.

Rates and data analysis

The premium table shown next showcases a range of prices for Kia Soul models. Having a better idea how policy rates are formulated is important for making smart choices when purchasing an insurance policy.

Kia Soul Insurance Rates in Fort Worth, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $254 $486 $430 $26 $128 $1,324 $110
Soul Plus $254 $486 $430 $26 $128 $1,324 $110
Soul Exclaim $286 $486 $430 $26 $128 $1,356 $113
Soul Sport $286 $486 $430 $26 $128 $1,356 $113
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Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Rate information does not factor in specific garaging location which can increase or decrease premium rates considerably.

Rate comparison for different deductibles

One of the more difficult decisions when buying car insurance is which deductible level should you buy. The rates below may aid in understanding the rate fluctuation of buying low and high coverage deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $1,000 deductible.

Kia Soul insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $328 $592 $382 $22 $114 $1,463 $122
Soul Plus $328 $592 $382 $22 $114 $1,463 $122
Soul Exclaim $370 $592 $382 $22 $114 $1,505 $125
Soul Sport $370 $592 $382 $22 $114 $1,505 $125
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Kia Soul insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $182 $312 $382 $22 $114 $1,012 $84
Soul Plus $182 $312 $382 $22 $114 $1,012 $84
Soul Exclaim $206 $312 $382 $22 $114 $1,036 $86
Soul Sport $206 $312 $382 $22 $114 $1,036 $86
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Price information does not factor in garaging location in Fort Worth which can affect coverage prices noticeably.

Based on this data, using a $100 deductible would cost the average driver about $39 more each month or $468 every year than requesting the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go at a minimum 23 months between claim filings, you would probably save some money if you choose the higher deductible.

Full coverage or liability only

The diagram below illustrates the difference between Kia Soul annual premium costs with and without full coverage. The premiums assume no accidents, no driving violations, $250 deductibles, drivers are not married, and no discounts are applied.

Guidelines for dropping full coverage

There isn't a written rule of when to exclude full coverage on your policy, but there is a general convention. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.

For example, let's assume your Kia Soul claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after paying the physical damage deductible. If premiums are more than $800 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some situations where eliminating full coverage is not a good plan. If you haven't paid off your loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if you don't have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Get Lower-cost Insurance Costs by Understanding These Factors

Many factors are taken into consideration when you get a price on insurance. Some are pretty understandable such as traffic violations, although some other factors are more obscure like your vehicle usage or your commute time.

Get better rates if married - Walking down the aisle can actually save you money when shopping for insurance. It translates into being more mature and it's statistically proven that married couples file fewer claims.

Additional coverages that may be costing you - There are many extra add-on coverages that can add up if you aren't careful. Insurance for things like roadside assistance, high-cost glass coverage, and membership fees may be costing you every month. They may sound like good ideas when buying your policy, but now you might not need them so think about removing them and cutting costs.

Never let your coverage lapse - Going without insurance will be a guaranteed way to drive up your policy premiums. Not only will rates go up, getting caught without coverage will get you a fine, jail time, or a revoked license. You may have to provide proof of insurance in the form of an SR-22 filing with the Texas motor vehicle department to get your license reinstated.

Insurance rates and your job - Did you know your career choice can influence rates? Occupations such as lawyers, business owners, and miners tend to pay higher premium rates due to intense work requirements and long work hours. On the flip side, occupations such as actors, athletes and retirees generally pay rates lower than average.

More than one policy can earn a discount - The majority of companies will award lower prices to policyholders who carry more than one policy such as combining an auto and homeowners policy. Discounts can be five, ten or even twenty percent. Even if you're getting this discount drivers will still want to comparison shop to verify if the discount is saving money.

Urban areas may pay more - Choosing to live in smaller towns and rural areas of the country may provide you with better prices when trying to find low car insurance rates. Drivers who live in large cities regularly have more auto accidents and a longer drive to work. Fewer people translates into fewer accidents in addition to lower liability claims.

Cars with good safety ratings lower rates - Vehicles with high crash test scores get lower rates. Safe vehicles reduce the chance of injuries and any reduction in injury severity means less claims paid and cheaper rates on your policy.

Insurance loss statistics a Kia Soul - Insurance companies use past insurance losses when they file their rates in each state. Models that the statistics show to have increased losses will cost more to insure.

The information below illustrates the actual insurance loss data for Kia Soul vehicles. For each type of coverage, the claim probability for all vehicles averaged together is equal to 100. Values that are 100 or less suggest a better than average loss history, while percentage values above 100 point to more frequent losses or an increased chance of larger losses than average.

Auto Insurance Loss Data for Kia Soul Models
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Kia Soul 89 98 84 138 138 118
BETTER
AVERAGE
WORSE

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

The most affordable rates come from being thorough

In this article, we presented many ideas to shop for Kia Soul insurance online. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. Drivers may even discover the best rates are with a smaller regional carrier. They can often provide lower car insurance rates in certain areas as compared to the big name companies such as State Farm, GEICO and Nationwide.

When you buy Fort Worth car insurance online, never reduce needed coverages to save money. There are too many instances where an accident victim reduced comprehensive coverage or liability limits only to find out they didn't have enough coverage. Your goal is to buy a smart amount of coverage at a price you can afford.

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