Best Ways to Save on Miami Kia Soul Insurance

No sane person looks forward to paying for auto insurance, in particular when the price is too high.

Astonishing but true, nearly 70% of consumers have been with the same company for a minimum of four years, and nearly the majority have never shopped around. With the average premium in Florida being $2,200, drivers could cut their rates by up to 55% a year just by shopping around, but they don’t understand how simple it is to find affordable auto insurance rates. Online insurance companies like Allstate, Progressive and GEICO persitently shower you with TV and radio ads and consumers find it hard to ignore the promise of big savings and find the best price available.

The quickest way to compare rate quotes for Kia Soul insurance in Miami is to know the fact all the major auto insurance companies actually pay money for the chance to compare rate quotes. The one thing you need to do is give them some information such as the make and model of your vehicles, whether you are single or married, if you have an active license, and if it has an alarm system. Your insurance information is then sent to multiple different insurance companies and they return cost estimate almost instantly.

If you would like to compare rates now, click here and complete the quick form.

The companies shown below can provide price quotes in Florida. If you want to find the best auto insurance in Florida, we recommend you visit as many as you can in order to get a fair rate comparison.

Protect your Kia vehicle and other assets

Despite the potentially high cost of Kia Soul insurance, buying auto insurance is mandatory in Florida but it also protects more than you think.

First, just about all states have minimum mandated liability insurance limits which means the state requires specific limits of liability insurance in order to drive the car. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a lien on your vehicle, it’s guaranteed your bank will make it a condition of the loan that you carry insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank may buy a policy for your Kia for a much higher rate and force you to pay a much higher amount than you were paying before.

Third, auto insurance protects your vehicle and your assets. It also can pay for most medical and hospital costs incurred in an accident. Liability insurance also pays for attorney fees and expenses if you are sued as the result of an accident. If your Kia gets damaged, your policy will pay all costs to repair after the deductible has been paid.

The benefits of carrying enough insurance are definitely more than the cost, particularly when you have a large claim. According to a survey of 1,000 drivers, the average driver is overpaying more than $820 a year so compare rates at every policy renewal to save money.

Rates and data analysis

The data table displayed next showcases estimates of insurance policy prices for Kia Soul models. Learning more about how car insurance premiums are calculated can assist in making smart policy decisions.

Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Rate information does not factor in specific Miami garaging location which can increase or decrease premiums considerably.

Policy deductibles

One of the hardest decisions when shopping for auto insurance is which comprehensive and collision deductibles to buy. The tables below may help to illustrate the price difference when you select higher and lower insurance deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rates do not factor in garaging location in Miami which can increase or decrease insurance rates substantially.

Using the data above, we can ascertain that using a $250 deductible costs approximately $30 more each month or $360 each year than selecting the higher $1,000 deductible. Because you would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you average at least 25 months between claims, you would probably be better off by selecting a higher deductible.

Kia Soul insurance discounts in Miami

Auto insurance is easily one of your largest bills, but there are discounts available to help bring down the price. Certain discounts will be applied when you quote, but some may not be applied and must be manually applied prior to receiving the credit. If you do not double check each discount available, you are just wasting money.

• Onboard Data Collection – Insureds that choose to allow data collection to spy on when and where they use their vehicle through the use of a telematics system such as Allstate’s Drivewise and State Farm’s In-Drive system may get a rate reduction if they have good driving habits.
• Online Discount – A few larger companies provide a small discount for completing your application over the internet.
• Multi-policy Discount – If you can combine your auto and homeowners policy with one company you could get a discount of over 10 percent off each policy depending on the company.
• First Accident Forgiveness – Not necessarily a discount, but some companies like GEICO and Liberty Mutual will let one accident slide without raising rates if your claims history is clear for a set time period.
• Savings for New Vehicles – Insuring a vehicle that is new can save up to 30% because new model year vehicles keep occupants safer.
• Military Discounts – Having a deployed family member could qualify you for better prices.
• Discount for Good Grades – A discount for being a good student may save you up to 25%. Many companies even apply the discount to college students well after school through age 25.

A little disclaimer on discounts, many deductions do not apply to the entire cost. Most only reduce the price of certain insurance coverages like comp or med pay. So when the math indicates all those discounts means the company will pay you, you won’t be that lucky. But any discount will definitely lower your policy premium.

The diagram below shows the difference between Kia Soul insurance rates with and without discounts applied. The data is based on a female driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, safe-driver, homeowner, claim-free, and multi-car discounts applied.

The best auto insurance companies and some of the discounts are outlined below.

• Farm Bureau offers discounts for multi-vehicle, renewal discount, multi-policy, safe driver, 55 and retired, youthful driver, and driver training.
• MetLife has savings for multi-policy, claim-free, defensive driver, good driver, and accident-free.
• Progressive has discounts for good student, online quote discount, online signing, continuous coverage, and multi-policy.
• AAA offers premium reductions for AAA membership discount, pay-in-full, good driver, multi-policy, anti-theft, and good student.
• American Family discounts include good driver, TimeAway discount, good student, bundled insurance, accident-free, mySafetyValet, and air bags.
• GEICO may have discounts that include membership and employees, military active duty, anti-lock brakes, multi-vehicle, and driver training.
• State Farm policyholders can earn discounts including accident-free, safe vehicle, good student, driver’s education, good driver, and student away at school.

If you need affordable Kia Soul insurance quotes, ask each company the best way to save money. Some discounts listed above may not be offered in your area. For a list of insurance companies who offer discounts in Miami, follow this link.