Kia Soul Insurance Quotes in Detroit

Insurance rates Kia Soul in DetroitThe easiest way to get discount Kia Soul insurance is to start comparing rates regularly from different companies who sell insurance in Detroit. Price quotes can be compared by following these guidelines.

  1. Get a basic knowledge of how insurance companies determine prices and the modifications you can make to lower rates. Many rating factors that drive up the price like your driving record and an unfavorable credit rating can be improved by being financially responsible and driving safely.
  2. Request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO and Allstate, while independent agencies can give you price quotes for a wide range of insurance providers.
  3. Compare the price quotes to the price on your current policy to see if you can save by switching companies. If you find better rates and make a switch, make sure there is no lapse in coverage.
  4. Give notification to your current company of your intention to cancel your current policy. Submit payment and a signed application to your new carrier. As soon as you can, store the proof of insurance paperwork in a readily accessible location in your vehicle.

The most important part of this process is that you use identical deductibles and limits on every price quote and and to get price estimates from all possible companies. This enables a fair price comparison and the most accurate and complete price analysis.

It’s an obvious statement that insurance companies want to keep you from shopping around. Insureds who get comparison quotes at least once a year will most likely switch companies because they have a good chance of finding better rates. A study discovered that drivers who compared rates once a year saved on average $70 a month compared to policyholders who didn’t regularly shop around.

If finding the lowest rates on insurance in Detroit is your target objective, then understanding how to find and compare insurance can make shopping around easier.

Quoting and comparing rates for the lowest cost coverage in Detroit can be fairly easy. If you’re already insured or are looking for a new policy, use these techniques to buy cheaper car insurance without having to cut coverage. Shoppers just need to know the best way to compare different rates over the internet.

Coverage analysis

The rate information shown next covers a range of coverage costs for Kia Soul models. Knowing how car insurance prices are formulated can assist in making informed decisions when shopping around for a new policy.

Kia Soul Insurance Rates in Detroit, MI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $458 $890 $650 $38 $194 $2,230 $186
Soul Plus $458 $890 $650 $38 $194 $2,230 $186
Soul Exclaim $516 $890 $650 $38 $194 $2,288 $191
Soul Sport $516 $890 $650 $38 $194 $2,288 $191
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Data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rates do not factor in Detroit location which can revise price quotes considerably.

Higher deductibles save money

The hardest decision when buying coverage is what deductibles to buy. The figures shown below can help you understand the differences in price when you choose different insurance deductibles. The first data table uses a $100 physical damage coverage deductible and the second price table uses a $1,000 deductible.

Kia Soul insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $594 $1074 $690 $40 $206 $2,629 $219
Soul Plus $594 $1074 $690 $40 $206 $2,629 $219
Soul Exclaim $670 $1074 $690 $40 $206 $2,705 $225
Soul Sport $670 $1074 $690 $40 $206 $2,705 $225
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Kia Soul insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $330 $566 $690 $40 $206 $1,832 $153
Soul Plus $330 $566 $690 $40 $206 $1,832 $153
Soul Exclaim $372 $566 $690 $40 $206 $1,874 $156
Soul Sport $372 $566 $690 $40 $206 $1,874 $156
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Premium costs do not factor in specific location information which can raise or lower premiums noticeably.

Based on the figures above, using a $100 deductible costs roughly $67 more each month or $804 every year than requesting the higher $1,000 deductible. Because you would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 13 months between claim filings, you would save more money if you opt for a higher deductible.

The information below illustrates how your deductible choice and can increase or decrease Kia Soul insurance costs for different insured age categories. The rates are based on a single male driver, comp and collision included, and no discounts are applied to the premium.

Insurance rates based on gender

The information below illustrates the difference between Kia Soul insurance premiums for male and female drivers. The information is based on no tickets, no at-fault accidents, full physical damage coverage, $100 deductibles, single marital status, and no discounts are factored in.

How do Car Insurance Companies Determine Kia Soul Insurance Rates?

One of the most helpful ways to save on car insurance is to to have a grasp of a few of the rating criteria that go into determining your policy premiums. When you understand what controls the rates you pay, this enables informed choices that will entitle you to big savings.

Pay more for higher performance vehicles – The make and model of the car or truck you are insuring makes a significant difference in your rates. The lowest performance passenger cars generally have the cheapest insurance rates, but the final cost of insurance is determined by many other factors.

The following data is based on a single male driver age 30, full coverage with $100 deductibles, and no discounts or violations. The data compares Kia Soul policy rates compared to other vehicles that have different performances.

How’s your driving record? – Your driving citation history has a huge affect on how much you pay. Only having one chargeable violation can increase the cost of insurance by as much as thirty percent. Drivers who don’t get tickets tend to pay less for car insurance as compared to careless drivers. Drivers who have license-revoking tickets such as reckless driving or DUI may need to prove financial responsibility with their state DMV in order to continue driving.

The information below shows how speeding tickets and at-fault collisions can affect Kia Soul auto insurance rates for different age groups. The costs are based on a married male driver, comp and collision included, $1,000 deductibles, and no discounts are applied to the premium.

Save money by having high credit – Having a good credit rating will be a significant factor in calculating your premium rate. If your credit rating can be improved, you could potentially save money when insuring your Kia Soul by repairing your credit. People that have high credit scores tend to be better risks to insure than drivers with worse credit.

Experienced drivers save more – Beginning drivers in Michigan have been known to be inattentive when at the wheel of a vehicle so car insurance rates are higher. Mature drivers have been proven to be more responsible, tend to file fewer claims, and get fewer tickets.

The following data uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.

Your address can affect prices – Living in a small town is a positive aspect if you are looking for the lowest rates. City drivers have much more traffic and much longer commute distances. Fewer people means reduced accidents and a lower car theft rate.

Insurance loss data for a Kia Soul – Companies use past loss statistics for each vehicle to calculate a price that will offset any claims. Vehicles that have increased claim numbers or amounts will have higher premium rates.

The next table shows the compiled insurance loss statistics for Kia Soul vehicles. For each type of coverage, the statistical loss for all vehicles, regardless of make, model or trim level, is set at 100. Numbers that are below 100 mean the vehicle has better than average losses, while numbers shown that are more than 100 point to more frequent losses or an increased chance of larger losses than average.

Kia Soul Insurance Loss Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Kia Soul 89 98 84 138 138 118

Statistics from for 2013-2015 Model Years

Quote often and quote early

We’ve covered some good ideas how to compare Kia Soul insurance auto insurance rates in Detroit. The key concept to understand is the more rate comparisons you have, the better likelihood of getting affordable Detroit auto insurance quotes. Consumers may even find the lowest auto insurance rates come from some of the lesser-known companies.

Drivers who switch companies do it for a number of reasons such as an unsatisfactory settlement offer, lack of trust in their agent, delays in responding to claim requests and unfair underwriting practices. Regardless of your reason for switching companies, finding a new company is pretty easy and you might even save some money in the process.

There are still a few companies who may not provide online quoting and many times these small, regional companies only sell coverage through independent agents. More affordable car insurance in Detroit is possible both online as well as from insurance agents, and you need to comparison shop both to have the best selection.

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