Affordable Rates for Kia Soul Insurance in Buffalo

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Discount Kia Soul insuranceFinding the cheapest insurance for a new or used Kia Soul in New York can turn out to be difficult, but you can learn the following methods to save time. There are both good and bad ways to shop for insurance and we'll show you the absolute fastest way to price shop coverage on a Kia and locate the lowest price either online or from Buffalo insurance agents.

Six Things That Determine Your Insurance Premiums

Part of the insurance buying process is learning the rating factors that go into determining insurance rates. If you know what positively or negatively impacts your premiums, this allows you to make educated decisions that may reward you with much lower annual insurance costs. Many factors are considered when premium rates are determined. A few of the factors are predictable such as your driving history, but other criteria are less obvious like where you live and annual miles driven.

Use one insurance company and save - Many insurers apply discounts to customers that have more than one policy, otherwise known as a multi-policy discount. Even if you're getting this discount drivers will still want to compare other Buffalo Soul insurance rates to verify if the discount is saving money. You may still be able to save money by buying from different companies

Better insurance rates for being claim-free - Companies in New York generally give discounts to people who do not file claims often. If you tend to file frequent claims, you can pretty much guarantee either a policy non-renewal or much higher rates. Insurance coverage is intended to be relied upon for larger claims.

Cheaper insurance rates using GPS tracking and theft deterrents - Driving a car that has an advanced theft prevention system can save you some money. Theft deterrent systems such as OnStar, LoJack tracking, and tamper alarms all help prevent your car from being stolen.

Pay more of a claim out-of-pocket - Comprehensive and collision coverage deductibles are the amount of money you are willing to pay out-of-pocket if you file a covered claim. Coverage for physical damage, also called comprehensive and collision insurance, protects your car from damage. Examples of covered claims would be rear-ending another vehicle, damage caused by hail, and damage caused by road hazards. The higher the amount you are required to pay out-of-pocket, the better rate you will receive.

Accidents are costly - A bad driving record can have a huge impact on auto insurance premiums. Just one moving violation may increase your cost by twenty percent. Drivers who don't get tickets get better rates compared to drivers with tickets. Drivers unfortunate enough to have careless tickets such as DUI, reckless driving or excessive speeding may find they need to complete a SR-22 with their state in order to keep their license.

The example below demonstrates how traffic citations and at-fault claims can raise Kia Soul insurance costs for different age groups. The premiums are based on a single female driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.

Save money with good credit - Having a good credit score factor in determining what you pay for insurance. So if your credit history is low, you could potentially save money when insuring your Kia Soul if you clean up your credit. Insureds that have very good credit scores tend to file fewer claims than drivers with poor credit.

Kia Soul claim probability - Insurers analyze past claim statistics as a way to help calculate a profitable premium price. Models that statistically have a trend towards higher claims will cost more for coverage. The table below shows the actual insurance loss data for Kia Soul vehicles.

For each type of coverage, the statistical loss for all vehicles compiled together is equal to 100. Values that are under 100 imply a favorable loss record, while values over 100 indicate frequent claims or an increased probability of a larger loss.

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

Rates and detailed analysis

The coverage table below covers estimates of insurance coverage prices for Kia Soul models. Learning a little about how policy premiums are figured can help you make smart choices when selecting a policy.

Kia Soul Insurance Rates in Buffalo, NY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $196 $424 $300 $18 $90 $1,028 $86
Soul Plus $196 $424 $300 $18 $90 $1,028 $86
Soul Exclaim $222 $424 $300 $18 $90 $1,054 $88
Soul Sport $222 $424 $300 $18 $90 $1,054 $88
Get Your Own Custom Quote Go

Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rates do not factor in specific location which can raise or lower rates noticeably.

Where to set your deductibles

When comparing auto insurance rates, the most common question is which deductible level should you buy. The comparisons below sum up the costs and benefits between high and low policy deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second price table uses a $500 deductible.

Kia Soul insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $228 $412 $264 $16 $80 $1,025 $85
Soul Plus $228 $412 $264 $16 $80 $1,025 $85
Soul Exclaim $258 $412 $264 $16 $80 $1,055 $88
Soul Sport $258 $412 $264 $16 $80 $1,055 $88
Get Your Own Custom Quote Go
Kia Soul insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $166 $278 $264 $16 $80 $804 $67
Soul Plus $166 $278 $264 $16 $80 $804 $67
Soul Exclaim $188 $278 $264 $16 $80 $826 $69
Soul Sport $188 $278 $264 $16 $80 $826 $69
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rate information does not factor in specific garaging location which can lower or raise premiums significantly.

Based on the data above, we can derive that using a $100 deductible costs roughly $19 more each month or $228 for a full year across all Kia Soul models than requesting the higher $500 deductible. Due to the fact that you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you normally average more than 21 months between claim filings, you would probably come out ahead if you choose the higher deductible.

Auto insurance cost for men versus women

The illustration below shows the difference between Kia Soul car insurance rates for male and female drivers. The premium estimates are based on no claims, a clean driving record, full coverage, $100 deductibles, single status, and no discounts are applied to the premium.

Should you buy full coverage?

The example below visualizes the comparison of Kia Soul insurance premiums with full coverage and liability only. The data assumes no claims or driving violations, $500 deductibles, marital status is single, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There is no exact formula to drop physical damage coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let's assume your Kia Soul replacement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $7,000 after the deductible is paid. If it's costing in excess of $700 annually to have full coverage, then it's probably a good time to buy liability coverage only.

There are some scenarios where dropping full coverage is not a good idea. If you still have a lienholder on your title, 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 totaled, you should keep full coverage on your policy.

Determine discounts on Buffalo insurance

Some companies do not advertise the complete list of policy discounts very clearly, so we break down some of the more common and the harder-to-find discounts that you may qualify for. If you're not getting every credit available, you're just leaving money on the table.Insurance discounts

  • Active Service Discounts - Having a family member in the military could mean lower rates.
  • Drivers Ed for Students - Have your child participate in a local driver's education class if offered at their school.
  • Discount for Life Insurance - If the company offers life insurance, you could get a discount if you purchase a life policy as well.
  • Safety Restraint Discount - Drivers who always wear seat belts and also require passengers to buckle their seat belts can save 10% or more on medical payment and PIP coverage.
  • Accident Waiver - This one is not really a discount per se, but certain companies permit an accident without the usual rate increase if you have no claims for a certain period of time.
  • Driver Training Discounts - Participating in a defensive driving class could earn you a small percentage discount if your company offers it.
  • Discount for Multiple Policies - When you have multiple policies and insure them both with the same insurance company you may earn up to 20% and get you affordable Kia Soul insurance rates in Buffalo.
  • Student in College - Kids who attend college more than 100 miles from Buffalo and leave their car at home can be insured at a reduced rate.
  • Theft Prevention System - Anti-theft and alarm system equipped vehicles are stolen with less frequency and will qualify for a discount on a Buffalo auto insurance quote.
  • Discounts for New Vehicles - Insuring a vehicle that is new may earn a small discount because newer vehicles keep occupants safer.

Policy discounts save money, but some credits don't apply to the overall cost of the policy. Some only reduce individual premiums such as collision or personal injury protection. So when the math indicates you can get free auto insurance, nobody gets a free ride.

The example below illustrates the difference between Kia Soul insurance costs with and without discounts applied to the premium. The data is based on a male driver, no claims or driving violations, New York 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 multi-car, marriage, multi-policy, homeowner, claim-free, and safe-driver discounts applied.

To choose companies with significant discounts in Buffalo, follow this link.

Cheap auto insurance rates are possible

We just covered a lot of techniques to reduce Kia Soul insurance rates online in Buffalo. The key thing to remember is the more you quote Buffalo auto insurance, the better your comparison will be. Drivers may even discover the lowest rates are with a lesser-known regional company.

Drivers switch companies for many reasons like extreme rates for teen drivers, lack of trust in their agent, high rates after DUI convictions or even unfair underwriting practices. It doesn't matter what your reason, switching companies is actually quite simple.

While you're price shopping online, it's not a good idea to skimp on critical coverages to save a buck or two. In many instances, an insured dropped collision coverage to discover at claim time that it was a big error on their part. The aim is to get the best coverage possible for the lowest cost but still have enough coverage for asset protection.

Steps to finding cheaper quotes for Kia Soul insurance in Buffalo

The recommended way to quote cheaper auto insurance rates in Buffalo is to regularly compare quotes from companies in New York. Price quotes can be compared by following these guidelines.

  • First, get an understanding of how your policy works and the factors you can control to prevent high rates. Many risk factors that result in higher prices such as accidents, careless driving, and a less-than-favorable credit history can be improved by making small lifestyle or driving habit changes.
  • Second, request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like GEICO and Allstate, while agents who are independent can give you price quotes for a wide range of companies.
  • Third, compare the quotes to your current policy premium to see if switching to a new carrier will save money. If you can save money and buy the policy, make sure there is no coverage gap between policies.
  • Fourth, provide proper notification to your current company of your decision to cancel the current policy and submit payment along with a signed and completed policy application to your new agent or company. Once the application is submitted, put the new proof of insurance paperwork with the vehicle registration.

A good tip to remember is that you use the same physical damage deductibles and liability limits on every price quote and and to get prices from as many companies as you can. Doing this ensures an apples-to-apples comparison and a better comparison of the market.

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