Are you tired of being strong-armed each month for car insurance? Your situation is no different than millions of other consumers. Lots of insurers contend for your hard-earned dollar, so it’s not easy to compare every provider to find the absolute best rate
The price of auto insurance can be rather high, but there could be available discounts that many people don’t even know exist. Some trigger automatically at quote time, but a few must be specially asked for before you will receive the discount. If you don’t get every credit possible, you’re paying more than you need to.
Drivers should understand that some credits don’t apply the the whole policy. Most only apply to specific coverage prices like physical damage coverage or medical payments. So when the math indicates it’s possible to get free car insurance, you’re out of luck. Any qualifying discounts will help reduce your overall premium however.
For a list of companies offering insurance discounts, follow this link.
When buying the best car insurance coverage, there is no one size fits all plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For instance, these questions might point out if you may require specific advice.
If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.
Consumers constantly see and hear ads for the lowest price auto insurance from companies such as Progressive, Geico, Allstate and State Farm. They all seem to make the same claim that you can save if you move your policy.
But how can every company claim to save you money? It’s all in the numbers.
All the different companies have a certain “appetite” for the type of customer that makes them money. For example, a preferred risk might be between 30 and 50, insures multiple vehicles, and has excellent credit. Any new insured that hits that “sweet spot” will qualify for the lowest rates and therefore will save a lot of money.
Potential customers who don’t meet the requirements will be charged a higher premium and this can result in the customer not buying. The ad wording is “drivers who switch” but not “drivers who get quotes” save that much money. This is how companies can advertise the savings.
That is why you should compare many company’s rates. It’s just too difficult to predict which auto insurance company will provide you with the cheapest Kia Soul insurance rates.
Learning about specific coverages of a car insurance policy can be of help when determining the best coverages for your vehicles. Car insurance terms can be difficult to understand and reading a policy is terribly boring. These are the usual coverages offered by car insurance companies.
Collision coverage protection
This coverage pays for damage to your Soul resulting from a collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims like crashing into a building, sideswiping another vehicle, colliding with another moving vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to get cheaper collision coverage.
Comprehensive (Other than Collision)
Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things like vandalism, a broken windshield and falling objects. The maximum payout your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Medical expense insurance
Med pay and PIP coverage reimburse you for bills for prosthetic devices, surgery, doctor visits and EMT expenses. The coverages can be used to fill the gap from your health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage
Protection from uninsured/underinsured drivers
Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Kia Soul.
Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.
Liability insurance
This provides protection from damages or injuries you inflict on other’s property or people. It protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.
Liability coverage protects against things such as attorney fees, bail bonds, loss of income and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but buy as high a limit as you can afford.
Lower-priced 2015 Kia Soul insurance can be purchased from both online companies and with local insurance agents, and you should be comparing both in order to have the best price selection to choose from. Some companies do not offer online quoting and many times these smaller companies only sell through independent insurance agents.
We just covered quite a bit of information on how to lower your insurance rates. The key concept to understand is the more times you quote, the higher the chance of saving money. You may even discover the best prices are with a small local company. Smaller companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm, Geico and Nationwide.
Even more information can be read in these articles: