Best Insurance for a Kia Soul in El Paso

Insurance quote for Kia Soul in El PasoThe best way we recommend to get low-cost car insurance rates in El Paso is to regularly compare quotes from insurers who sell auto insurance in Texas.

  1. Read and learn about individual coverages and the modifications you can make to prevent rate increases. Many risk factors that result in higher rates like multiple speeding tickets and an unfavorable credit rating can be improved by making minor changes to your lifestyle. Read the full article for the details to get cheaper coverage and find hidden discounts.
  2. Quote rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from one company like GEICO or State Farm, while independent agencies can provide rate quotes for a wide range of insurance providers.
  3. Compare the new rates to your existing policy to determine if you can save on Soul insurance. If you find a better price and switch companies, ensure there is no coverage lapse between policies.
  4. Provide notification to your current company of your decision to cancel your current policy and submit payment along with a signed and completed policy application to your new agent or company. As soon as you receive it, put the certificate of insurance with your vehicle’s registration.

The key aspect of shopping around is to make sure you’re comparing similar limits and deductibles on every quote request and and to get quotes from as many different insurance providers as possible. This guarantees an accurate price comparison and maximum price selection.

Shockingly, nearly 70% of consumers have purchased from the same company for well over three years, and 38% of customers have never even compared quotes to find lower-cost rates. With the average premium in Texas being $2,679, drivers could save $1,770 each year just by getting comparison quotes, but most tend to underestimate the rate savings if they switched.

The Kia Soul Insurance Rate Equation

When buying insurance it’s important to understand a few of the rating criteria that help calculate your insurance rates. When consumers understand what positively or negatively impacts your premiums, this enables you to make decisions that may reward you with big savings.

How to buy El Paso Kia Soul insurance online

The companies in the list below provide comparison quotes in Texas. If several companies are displayed, it’s highly recommended you compare several of them to get the most competitive price.

Kia Soul coverage analysis

The rate information displayed next outlines a range of prices for Kia Soul models. Understanding more about how insurance prices are formulated can aid in making smart choices when choosing a car insurance company.

Kia Soul Insurance Rates in El Paso, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $318 $580 $388 $24 $116 $1,426 $119
Soul Plus $318 $580 $388 $24 $116 $1,426 $119
Soul Exclaim $358 $580 $388 $24 $116 $1,466 $122
Soul Sport $358 $580 $388 $24 $116 $1,466 $122
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Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Price estimates do not factor in specific location information which can raise or lower prices considerably.

Physical damage deductible comparison

One of the more difficult decisions when buying insurance is how high should your deductibles be. The following tables can help you visualize the differences in premium rates of buying low and high coverage deductibles. The first set of rates uses a $100 deductible for physical damage and the second price grid uses a $1,000 deductible.

Kia Soul insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $328 $592 $382 $22 $114 $1,463 $122
Soul Plus $328 $592 $382 $22 $114 $1,463 $122
Soul Exclaim $370 $592 $382 $22 $114 $1,505 $125
Soul Sport $370 $592 $382 $22 $114 $1,505 $125
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Kia Soul insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $182 $312 $382 $22 $114 $1,012 $84
Soul Plus $182 $312 $382 $22 $114 $1,012 $84
Soul Exclaim $206 $312 $382 $22 $114 $1,036 $86
Soul Sport $206 $312 $382 $22 $114 $1,036 $86
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Premium costs do not factor in zip code location which can alter rates considerably.

Based on the above data, using a $100 deductible will cost you roughly $39 more each month or $468 a year than quoting the higher $1,000 deductible. Since you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you have at least 23 months between claims, you would more than likely save some money if you choose a higher deductible. Below is how this calculation is made.

Average monthly premium for $100 deductibles: $124
Average monthly premium for $1,000 deductibles (subtract): – $85
Monthly savings from raising deductible: $39
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $39
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One important caveat is that raising deductibles means you will have to pay more out-of-pocket when you have a physical damage claim. That will require some funds available in order to pay more for the deductible.

Kia Soul liability-only versus full coverage

The information below illustrates the difference between Kia Soul auto insurance costs when comparing full coverage to liability only. The premiums assume no violations or accidents, $100 deductibles, single status, and no discounts are applied to the premium.

Should you pay for full coverage?

There isn’t a steadfast formula that is best for determining when to drop physical damage coverage, but there is a broad guideline. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Kia Soul replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after paying the physical damage deductible. If premium cost is more than $400 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some situations where dropping full coverage is not a good plan. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not buy liability only.

Insurance does more than just repair your car

Despite the high cost of buying insurance for a Kia Soul in El Paso, insurance may not be optional for several reasons.

The benefits of buying enough insurance are definitely more than the cost, particularly for liability claims. The average driver in Texas is overpaying more than $825 a year so compare rates each time the policy renews to help ensure money is not being wasted.

Lower rates by qualifying for discounts

Some providers do not list their entire list of discounts very clearly, so the list below details a few of the more well known and also the lesser-known insurance savings. If they aren’t giving you every credit you deserve, it’s possible you qualify for a lower rate.Insurance discounts

Discounts save money, but please remember that some credits don’t apply to all coverage premiums. Some only reduce the cost of specific coverages such as medical payments or collision. So when it seems like adding up those discounts means a free policy, that’s just not realistic.

The information below visualizes the comparison of Kia Soul insurance prices with and without policy discounts. The rates are based on a female driver, no claims or driving citations, Texas 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 homeowner, safe-driver, claim-free, multi-policy, marriage, and multi-car discounts applied.

If you would like to see a list of companies who offer online Kia Soul insurance quotes in Texas, follow this link.

Local El Paso insurance agents

Some consumers prefer to get professional advice from a licensed agent and that is just fine! Insurance agents are very good at helping people manage risk and help you file claims. One of the best bonuses of getting online price quotes is that you can find cheap car insurance rates and still buy from a local agent. And providing support for local agencies is important especially in El Paso.

For easy comparison, once you complete this form (opens in new window), the coverage information gets sent to agents in your area who will give you quotes for your car insurance coverage. You won’t even need to search for an agent as quotes are delivered directly to you. If you need to compare rates from a particular provider, you would need to visit that company’s website and fill out the quote form the provide.

The following are agents in El Paso that can give you comparison quotes for Kia Soul insurance in El Paso.

View more El Paso agents

Selecting a provider should depend on more than just the quoted price. Some important questions to ask are:

After talking to the agent and getting good feedback to these questions as well as low cost Kia Soul insurance quotes, you may have just found a company that is a good match to properly insure your vehicles.

Be persistent and save

Budget-conscious Kia Soul insurance can be purchased online and with local El Paso insurance agents, and you should compare price quotes from both to have the best rate selection. Some insurance providers may not offer rate quotes online and many times these regional insurance providers only sell coverage through independent insurance agencies.

While you’re price shopping online, never buy lower coverage limits just to save a few bucks. In too many instances, an insured dropped liability limits or collision coverage and discovered at claim time they didn’t purchase enough coverage. Your goal should be to purchase a proper amount of coverage at the best possible price but still have enough coverage for asset protection.

We covered some good ideas how you can save on Kia Soul insurance in El Paso. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding affordable El Paso auto insurance quotes. Consumers could even find that the lowest prices come from a company that doesn’t do a lot of advertising.

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