Kia Soul Insurance Rate Quotes in Colorado Springs

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Insurance rates Kia Soul in Colorado SpringsWould you like an easy way to compare more competitive car insurance rates in Colorado Springs, CO? Colorado Springs shoppers have a choice when shopping for the lowest priced Kia Soul insurance. You can either waste hours contacting agents to compare prices or use the internet to get rate quotes. There is a better way to find car insurance online and we'll show you the quickest way to price shop coverage for a Kia and find the cheapest rates from Colorado Springs insurance agents and online providers.

Best companies for Kia Soul insurance

The companies shown below provide quotes in Colorado. If you want to find cheap car insurance in Colorado Springs, we recommend you click on several of them to find the most competitive car insurance rates.

Coverage analysis

The data table shown next covers a range of coverage costs for Kia Soul models. Learning a little about how auto insurance prices are determined is important to be able to make informed decisions when comparing rates.

Kia Soul Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $190 $362 $396 $24 $118 $1,090 $91
Soul Plus $190 $362 $396 $24 $118 $1,090 $91
Soul Exclaim $214 $362 $396 $24 $118 $1,114 $93
Soul Sport $214 $362 $396 $24 $118 $1,114 $93
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Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Table data does not factor in vehicle garaging location which can affect prices substantially.

Raise deductibles and save

When buying insurance, a common question is which comprehensive and collision deductibles to buy. The comparison tables below illustrate the premium difference of buying low and high comp and collision deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second data table uses a $500 deductible.

Kia Soul insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $302 $546 $352 $20 $106 $1,351 $113
Soul Plus $302 $546 $352 $20 $106 $1,351 $113
Soul Exclaim $342 $546 $352 $20 $106 $1,391 $116
Soul Sport $342 $546 $352 $20 $106 $1,391 $116
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Kia Soul insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $220 $368 $352 $20 $106 $1,066 $89
Soul Plus $220 $368 $352 $20 $106 $1,066 $89
Soul Exclaim $250 $368 $352 $20 $106 $1,096 $91
Soul Sport $250 $368 $352 $20 $106 $1,096 $91
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Table data does not factor in specific Colorado Springs garaging location which can influence coverage rates greatly.

Using the premium rates above, we can conclude that using a $100 deductible costs roughly $25 more each month or $300 a year across all Kia Soul models than buying the higher $500 deductible. Because you would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you average more than 16 months between claim filings, you would save more money if you choose the higher deductible. Below is the way you can decide this on your own policy.

Average monthly premium for $100 deductibles: $115
Average monthly premium for $500 deductibles (subtract): - $90
Monthly savings from raising deductible: $25
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $25
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

One thing to note is that increasing deductibles to lower your rates means you will have to pay more when you have a comprehensive or collision claim. You need access to more funds in the event you have to pay the deductible.

The illustration below illustrates how your deductible choice and can affect Kia Soul yearly insurance costs for each different age category. The costs are based on a married female driver, comprehensive and collision coverage, and no other discounts are factored in.

Irresponsible driving raises your rates

The illustration below highlights how traffic violations and at-fault collisions drive up Kia Soul insurance prices for different age groups of insureds. The data assumes a married female driver, comp and collision included, $500 deductibles, and no discounts are factored in.

Should you buy full coverage?

The example below shows the difference between Kia Soul annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no violations or claims, $500 deductibles, drivers are not married, and no discounts are applied to the premium.

When to stop buying full coverage

There is no set rule that is best for determining when to drop full coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.

For example, let's pretend your Kia Soul settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $8,000 after paying the physical damage deductible. If you are paying more than $800 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some scenarios where dropping full coverage is not advised. If you still have a loan on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.

Take these nine policy discounts and save on Kia Soul insurance in Colorado Springs

Auto insurance is expensive, but there's a good chance there are discounts that you may not know about. Certain credits will be shown when you complete an application, but occasionally some discounts must be specially asked for before you will receive the discount.

  • Bundled Policy Discount - If you have multiple policies with the same company you could earn a discount of at least 10 to 15 percent or more.
  • Accident Forgiveness - This isn't a discount exactly, but some insurance companies will allow you to have one accident before they charge you more for coverage if you have no claims before the accident.
  • Seat Belt Usage - Drivers who require all vehicle occupants to wear their seat belts can save a little off the medical payments premium.
  • Clubs and Organizations - Having an affiliation with certain professional organizations is a good way to get lower rates when shopping for auto insurance.
  • Early Payment Discounts - If paying your policy premium upfront rather than spreading payments over time you can avoid monthly service charges.
  • Student Driver Training - Have your child enroll in driver's education if it's offered in school.
  • Telematics Devices - Policyholders that allow their insurance company to study driving habits by using a small device installed in their vehicle such as Snapshot from Progressive or Drivewise from Allstate might see lower rates as long as the data is positive.
  • Multi-car Discount - Purchasing coverage when you have multiple vehicles with one company can reduce the rates for all insured vehicles.
  • Discounts for Cautious Drivers - Drivers who avoid accidents can save up to 40% or more on their Colorado Springs car insurance quote than their less cautious counterparts.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the whole policy. Most only cut the price of certain insurance coverages like comp or med pay. Despite the fact that it seems like you could get a free auto insurance policy, it's just not the way it works.

The example below shows the difference between Kia Soul premium costs with and without discounts applied to the policy premium. The rates are based on a female driver, no accidents or driving violations, Colorado state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, marriage, multi-policy, and claim-free discounts applied.

A few popular companies and their offered discounts are:

  • American Family has savings for air bags, early bird, accident-free, good student, TimeAway discount, and defensive driver.
  • Farm Bureau offers discounts for driver training, 55 and retired, good student, multi-policy, and safe driver.
  • State Farm has discounts for good driver, accident-free, Drive Safe & Save, passive restraint, defensive driving training, and driver's education.
  • Travelers offers premium reductions for student away at school, continuous insurance, save driver, driver training, and multi-policy.
  • The Hartford offers discounts including bundle, driver training, anti-theft, defensive driver, and vehicle fuel type.
  • GEICO includes discounts for air bags, emergency military deployment, anti-lock brakes, daytime running lights, and military active duty.
  • Progressive may include discounts for good student, homeowner, online signing, online quote discount, multi-policy, multi-vehicle, and continuous coverage.

Before purchasing a policy, check with all companies you are considering how many discounts you can get. Some credits may not be available in Colorado Springs. If you would like to see a list of auto insurance companies who offer auto insurance discounts in Colorado Springs, click this link.

Insurance agencies near you

A small number of people would rather talk to an insurance agent and often times that is recommended Good agents are very good at helping people manage risk and help submit paperwork. An additional benefit of getting online price quotes is that you can find cheap car insurance quotes and also buy local.

Insurance agency in Colorado SpringsAfter completing this short form, the quote information is submitted to local insurance agents in Colorado Springs who will give you bids for your insurance coverage. You won't need to visit any agencies as quotes are delivered to your email. If you need to get a rate quote for a specific company, feel free to go to their quote page to submit a rate quote request.

Finding the right insurance company is decision based upon more than just the price. Any agent in Colorado Springs should have no problem answering these questions:

  • Has the agent ever had any license suspensions?
  • What discounts might you be missing?
  • When do they do policy reviews?
  • Do they regularly work with personal auto policies in Colorado Springs?
  • Can you choose the body shop in case repairs are needed?
  • What kind of financial rating does the company have?
  • Will one accident increase rates?
  • Is coverage determined by price?

Shown below is a short list of auto insurance companies in Colorado Springs that may be able to provide price quotes for Kia Soul insurance in Colorado Springs.

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Detailed coverages of your car insurance policy

Understanding the coverages of a car insurance policy can help you determine the right coverages for your vehicles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for bills such as ambulance fees, prosthetic devices and pain medications. They can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers all vehicle occupants in addition to if you are hit as a while walking down the street. PIP is only offered in select states but can be used in place of medical payments coverage

UM/UIM Coverage

This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as damage to your Kia Soul.

Because many people carry very low liability coverage limits (25/50/15), their liability coverage can quickly be exhausted. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive or Other Than Collision

Comprehensive insurance pays for 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 can pay for claims such as falling objects, fire damage and vandalism. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Auto collision coverage

This coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things like driving through your garage door, crashing into a ditch, colliding with a tree and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Drivers also have the option to bump up the deductible on your Soul to save money on collision insurance.

Liability

This protects you from damage that occurs to a person or their property in an accident. This coverage protects you from claims by other people, and doesn't cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/15 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $15,000.

Liability insurance covers claims such as funeral expenses, loss of income, attorney fees, bail bonds and repair costs for stationary objects. How much coverage you buy is your choice, but buy higher limits if possible. Colorado state minimum liability requirements are 25/50/15 but drivers should carry more coverage.

The illustration below demonstrates why minimum state limits may not be high enough to adequately cover claims.

One last note

The cheapest Kia Soul insurance in Colorado Springs can be sourced from both online companies as well as from insurance agents, so you should compare both so you have a total pricing picture. A few companies do not offer price quotes online and many times these regional insurance providers provide coverage only through local independent agents.

Consumers change insurance companies for a variety of reasons including unfair underwriting practices, not issuing a premium refund, poor customer service or extreme rates for teen drivers. It doesn't matter why you want to switch finding a new insurance company can be easier than you think.

As you shop your coverage around, don't be tempted to skimp on critical coverages to save a buck or two. In many instances, someone dropped physical damage coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy the best coverage you can find at the lowest possible cost.

Steps to finding affordable quotes for Kia Soul insurance in Colorado Springs

Truthfully, the best way to find better pricing on auto insurance rates is to start comparing rates regularly from insurers in Colorado Springs. Drivers can shop around by completing these steps.

  • Step 1: Try to comprehend what is in your policy and the things you can change to keep rates down. Many policy risk factors that cause high rates such as inattentive driving and a negative credit history can be improved by being financially responsible and driving safely.
  • Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from a single company like Progressive and State Farm, while independent agents can quote prices for a wide range of insurance providers. Click to view companies
  • Step 3: Compare the new rates to the price on your current policy and determine if there is any savings. If you find a better price, make sure the effective date of the new policy is the same as the expiration date of the old one.
  • Step 4: Tell your current company to cancel your existing policy and submit the signed application along with the required initial payment to the newly selected company. As soon as you can, place your new proof of insurance paperwork with your vehicle's registration.

The most important part of shopping around is to try to compare similar coverage information on every quote request and and to look at as many car insurance companies as possible. Doing this helps ensure a fair rate comparison and many rates to choose from.

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