Kia Soul Insurance Quotes in Minneapolis

Insurance for Kia SoulReally, the only way to get budget Kia Soul insurance is to begin comparing prices regularly from different companies who provide car insurance in Minneapolis.

A good tip to remember is to use similar coverage information on every quote and and to get rate quotes from every insurance company. Doing this ensures an apples-to-apples comparison and a thorough selection of prices.

Unbelievably, nearly 70% of drivers have stayed with the same insurance company for a minimum of four years, and 38% of customers have never even shopped around for affordable coverage. Many consumers in Minnesota can save as much as 50% each year by just comparing quotes, but they underestimate how much savings they would realize if they just switched companies.

Finding the cheapest insurance coverage in Minneapolis is not that difficult. If you’re already insured, you stand a good chance to be able to cut your premiums using the tips covered below. But Minnesota vehicle owners need to have an understanding of how big insurance companies price online insurance and apply this information to your search.

When quoting insurance, remember that more quotes provides better odds of finding more affordable insurance.

The providers in the list below can provide price quotes in Minnesota. To find cheaper car insurance in MN, we suggest you visit several of them to get a more complete price comparison.

Cheaper rates with discounts

Not too many consumers would say car insurance is affordable, but you might be missing out on some discounts that can help lower your rates. Certain discounts will be applied at the time of quoting, but a few must be inquired about before you get the savings.Save money with discounts

You can save money using discounts, but many deductions do not apply to all coverage premiums. A few only apply to the cost of specific coverages such as medical payments or collision. So even though they make it sound like adding up those discounts means a free policy, nobody gets a free ride. Any qualifying discounts should help reduce the cost of your policy.

The example below compares Kia Soul insurance premiums with and without discounts. The information is based on a female driver, no claims, a clean driving record, Minnesota state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, multi-policy, marriage, safe-driver, and homeowner discounts applied.

The best car insurance companies and a partial list of their discounts can be read below.

If you are trying to find affordable Kia Soul insurance quotes, ask all companies you are considering how you can save money. All car insurance discounts may not be offered in Minneapolis.

Car insurance data for a Kia Soul

The rate information displayed below covers detailed analysis of insurance coverage prices for Kia Soul models. Having knowledge of how auto insurance policy rates are figured is important to be able to make smart choices when buying a policy.

Kia Soul Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $272 $492 $318 $18 $94 $1,194 $100
Soul Plus $272 $492 $318 $18 $94 $1,194 $100
Soul Exclaim $308 $492 $318 $18 $94 $1,230 $103
Soul Sport $308 $492 $318 $18 $94 $1,230 $103
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Rates do not factor in vehicle location which can influence premiums significantly.

Higher deductibles save money

When buying car insurance, a common question is at what level do you set your deductibles. The premium rates below lay out the premium difference when you select higher and lower deductibles. The first set of prices uses a $250 deductible for comp and collision and the second price chart uses a $500 deductible.

Kia Soul insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $246 $414 $318 $18 $94 $1,115 $93
Soul Plus $246 $414 $318 $18 $94 $1,115 $93
Soul Exclaim $276 $414 $318 $18 $94 $1,145 $95
Soul Sport $276 $414 $318 $18 $94 $1,145 $95
Get Your Own Custom Quote Go

Kia Soul insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $200 $334 $318 $18 $94 $964 $80
Soul Plus $200 $334 $318 $18 $94 $964 $80
Soul Exclaim $224 $334 $318 $18 $94 $988 $82
Soul Sport $224 $334 $318 $18 $94 $988 $82
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Price information does not factor in the specific area where the vehicle is garaged which can impact insurance rates significantly.

Based on the data above, we can derive that using a $250 deductible will cost you approximately $13 more each month or $156 a year than requesting the higher $500 deductible. Because you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 19 months between claims, you would save money if you opt for a higher deductible.

The chart below demonstrates how deductibles and can increase or decrease Kia Soul yearly insurance costs for different age groups. The information is based on a single male driver, comprehensive and collision coverage, and no discounts are applied.

Age-based car insurance rates by gender in Minneapolis

The diagram below shows the comparison of Kia Soul insurance premiums for male and female drivers. The costs are based on no claims, a clean driving record, full physical damage coverage, $1,000 deductibles, single status, and no discounts are factored in.

Comparison of full coverage and liability-only policies

The illustration below visualizes the comparison of Kia Soul auto insurance costs with full physical damage coverage compared to only buying liability only. The rate quotes are based on no claims or driving citations, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Guidelines for eliminating full coverage

There is no clear-cut rule to delete physical damage insurance, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your Kia Soul settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $5,000 after paying your policy deductible. If you are paying more than $500 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some cases where only buying liability is not recommended. If you have an outstanding loan on your vehicle, 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 damaged, you should keep full coverage on your policy.

Learn How to Lower Your Insurance Costs

Many different elements are part of the equation when premium rates are determined. A few of the factors are predictable like an MVR report, although others are less obvious such as whether you are married and annual miles driven.