Best Insurance for a Kia Soul in El Paso

The 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.

• Are males or females drivers cheaper? – Over the last 50 years, statistics have shown women are more cautious behind the wheel. The data does not necessarily mean that women are BETTER drivers than men. Both genders have at-fault accidents at a similar rate, but the men get into accidents with more damage. In addition to higher claims, males also get more serious tickets like DWI (DUI) or reckless driving.

  The diagram below compares Kia Soul insurance prices for male and female drivers. The premiums are based on no accidents or driving violations, comp and collision included, $100 deductibles, marital status is single, and no discounts are applied.

• Insurance policy lapses increase premiums – Letting your insurance expire is a fast way to pay more for insurance. In addition to paying higher rates, being ticketed for driving with no insurance could result in fines or a revoked license.
• Lower rates by staying claim free – Car insurance companies in Texas award cheaper rates to insureds who are claim-free. If you tend to file frequent claims, you can pretty much guarantee either higher rates or even cancellation. Insurance coverage is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
• High comp and collision deductibles lower premiums – Physical damage deductibles are how much you are required to pay if a claim is determined to be covered. Insurance for physical damage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some examples of claims that would be covered would be rear-ending another vehicle, fire damage, or theft of your vehicle. The more damage repair cost you pay before a claim is paid (deductible), the better rate you will receive.
• City traffic equals higher rates – Having an address in a small town can be a good thing when it comes to insurance. Residents of big cities have to deal with more road rage incidents and more severe claims. Fewer people means a lower chance of having an accident in addition to fewer liability claims.

• Premiums go up with performance – The performance of the vehicle you own makes a huge difference in how high your rates are. Lower cost passenger cars generally have the cheapest insurance rates, but the cost you end up paying is determined by many additional factors.

  The next chart is based on a married male driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Kia Soul insurance premiums compared to other models that have a range of performance risks.

• The more you drive the more you pay – Driving more miles each year the higher your rates will be. The majority of insurers rate vehicles based on their usage. Vehicles that do not get driven very much can get a lower rate than vehicles that have high annual mileage. Having the wrong rating on your Soul can cost quite a bit. Make sure your insurance policy properly reflects the proper vehicle usage, because it can save money.

• Kia Soul claim data – Car insurance companies take into consideration historical loss data for every vehicle when setting premium costs. Models that the statistics show to have increased claim numbers or amounts will cost more to insure. The next table illustrates the loss history for Kia Soul vehicles.

  For each coverage type, the loss probability for all vehicles averaged together is considered to be 100. Numbers that are below 100 represent a good loss history, while percentages above 100 point to more losses or a tendency for losses to be larger 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

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

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.

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.

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.

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.

• Most states have minimum liability requirements which means the state requires a minimum amount of liability insurance in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your Kia has a lienholder, almost all lenders will require that you have full coverage to ensure they get paid if you total the vehicle. If the policy lapses, the bank will be required to insure your Kia for a much higher rate and require you to reimburse them the higher premium.
• Insurance protects both your vehicle and your assets. It will also pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to restore your vehicle to like-new condition.

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.

• Driver Safety – Successfully completing a driver safety course could save 5% or more and easily recoup the cost of the course.
• Discounts for Federal Employees – Federal government employees could provide a small rate reduction depending on your insurance provider.
• Pay Now and Pay Less – By making one initial payment instead of paying each month you may reduce your total bill.
• Multi-policy Discount – If you combine your auto and home policies with one insurance company they may give you a discount of nearly 15% which can help you find cheap Soul insurance.
• Discount for Life Insurance – Larger companies have lower rates if you buy auto and life insurance together.
• Own a Home and Save – Simply owning a home can help you save on insurance since home ownership means you have a higher level of financial diligence.
• Discounts for Multiple Vehicles – Insuring multiple cars with one company can reduce rates for all insured vehicles.

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.

• American Agency Insurance
  5959 Gateway Blvd W #533 – El Paso, TX 79925 – (915) 772-7766 – View Map
• Rafael Martinez – State Farm Insurance Agent
  7211 N Mesa St #2w – El Paso, TX 79912 – (915) 581-3276 – View Map
• Tony Ramos Insurance
  7230 Gateway Blvd E H – El Paso, TX 79915 – (915) 599-1678 – View Map
• Tessie Maestas – State Farm Insurance Agent
  4727 Hondo Pass Dr b – El Paso, TX 79904 – (915) 757-1090 – View Map

View more El Paso agents

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

• Can glass repairs be made at your home?
• If you have an accident, will your rates go up?
• Do they offer rental car reimbursement?
• Do they feel the quoted coverages are adequate?
• Is the quote a firm price?
• Do you work with a CSR or direct with the agent?
• What discounts might you be missing?

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.

Even more information is located in these articles:

• Auto Insurance Facts and Statistics (Insurance Information Institute)
• Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
• Vehicle Safety Ratings (iihs.org)
• Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)
• Teen Driving Statistics (GEICO)