Save Money on Kia Soul Insurance in Charlotte

The best way to get budget auto insurance rates is to begin comparing prices regularly from insurance carriers in Charlotte.

1. Try to learn about how your policy works and the factors you can control to keep rates in check. Many rating criteria that result in higher rates such as accidents, traffic tickets, and an unacceptable credit rating can be eliminated by being financially responsible and driving safely. Later in this article we will cover instructions to find cheap prices and earn a bigger discount.
2. Compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from one company like Progressive or Farmers Insurance, while independent agencies can give you price quotes from multiple companies.
3. Compare the new rate quotes to your current policy to determine if you can save on Soul insurance. If you can save some money and buy the policy, verify that coverage does not lapse between policies.
4. Notify your company or agent to cancel your current car insurance policy. Submit a completed policy application and payment to your new company or agent. When you receive it, place the new certificate verifying coverage in an accessible location in your vehicle.

The key thing to know about shopping around is to use identical coverages on each price quote and and to analyze as many companies as possible. This provides a level playing field and a good representation of prices.

Anyone knows that auto insurance companies want to keep you from comparing prices. Consumers who shop around for a cheaper policy will, in all likelihood, switch companies because there is a good probability of finding lower rate quotes. A recent survey found that drivers who routinely shopped around saved on average $865 annually as compared to drivers who never shopped around for cheaper prices.

If finding the most affordable Kia Soul insurance is the reason you’re here, then knowing the best way to quote and compare insurance premiums can help make the process easier and more efficient.

Best Kia Soul insurance rates in North Carolina

The auto insurance companies shown below have been selected to offer comparison quotes in North Carolina. If you want to find the best car insurance in North Carolina, it’s a good idea that you visit two to three different companies in order to get a fair rate comparison.

Premium rates and analysis

The price information displayed next outlines a range of prices for Kia Soul models. Learning more about how auto insurance policy rates are established can help customers make informed purchases.

Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can revise premiums greatly.

Can higher deductibles save money?

The hardest decision when buying coverage is how high or low should comp and collision deductibles be. The following insurance rates help summarize how much more rates are between high and low insurance deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second set of prices uses a $500 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Estimates do not factor in specific location which can impact rates considerably.

Based on the figures above, using a $100 deductible will cost you about $18 more each month or $216 every year than quoting the higher $500 deductible. Due to the fact that you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you have more than 22 months between claim filings, you would most likely save money by selecting a higher deductible.

The diagram below demonstrates how deductible levels and can affect Kia Soul annual premium costs for different age groups of insureds. The information is based on a single female driver, full coverage, and no discounts are applied.

Impact of careless driving on auto insurance rates

The chart below shows how violations and accident claims can drive up Kia Soul car insurance costs for each different age category. The information is based on a married female driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.

Full coverage versus liability-only in Charlotte

The chart below compares Kia Soul insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in North Carolina. Data assumes a clean driving record, no claims, $500 deductibles, single marital status, and no discounts are factored in.

Guidelines for eliminating full coverage

There is no set guideline to exclude physical damage coverage, but there is a broad guideline. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Kia Soul claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $8,000 after the policy deductible has been paid. If it’s costing you more than $800 annually for full coverage, then it might be time to buy liability only.

There are some conditions where eliminating full coverage is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage.

Kia Soul Insurance Cost Factors

When buying auto insurance it’s important to understand some of the things that play a part in calculating the price you pay for auto insurance. When you understand what positively or negatively impacts your premiums, this allows you to make good choices that can help you get big savings. Lots of factors are considered when quoting car insurance. Some are pretty understandable such as your driving record, although some other factors are not quite as obvious like your vehicle usage or your vehicle rating.

Protect yourself with liability – A critical coverage on your policy, liability insurance provides coverage if you are responsible for damages caused by your negligence. Your policy’s liability insurance provides legal defense coverage up to the limits shown on your policy. Liability insurance is pretty cheap when compared with rates for comp and collision, so drivers should carry high limits.

Save money with higher physical damage deductibles – Protection for physical damage, also known as collision and other-than-collision, insures against damage to your Kia. Some examples of claims that would be covered are running into the backend of another car, vandalism, or theft. The deductibles you choose are the amount of money you are required to spend out-of-pocket in the event of a claim. The more expense you choose to pay out-of-pocket, the lower your rates will be.

Single vs. married – Walking down the aisle actually saves money on auto insurance. Having a spouse means you’re more mature and statistics show drivers who are married are more cautious.

Urban areas may pay more – Having an address in areas with lower population has definite advantages when buying auto insurance. City drivers tend to have more auto accidents and higher rates of accident claims. Less people living in that area translates into fewer accidents and also fewer theft and vandalism claims.

Kia Soul insurance loss statistics – Insurance companies use historical loss data when they file their rates in each state. Models that historically have increased claim numbers or amounts will have increased rates.

The information below illustrates the historical insurance loss data for Kia Soul vehicles. For each coverage category, the loss probability for all vehicles, without regard to make or model, is set at 100. Values below 100 indicate a favorable loss history, while values over 100 indicate more frequent losses or tendency to have higher losses.

Discounts for cheap insurance quotes

Insuring your fleet can be pricey, but you may be missing some discounts that may help make it more affordable. Certain discounts will be triggered automatically when you quote, but a few need to be specifically requested before you will receive the discount.

• Air Bags and Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems may qualify for discounts up to 30%.
• Onboard Data Collection – Drivers that enable their insurance company to scrutinize driving habits by using a small device installed in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks if their driving habits are good.
• E-sign – Many insurance companies provide a small discount just for signing your application on their website.
• Early Renewal Discounts – Some companies provide a discount for buying a policy prior to your current Soul insurance policy expiration. You could save around 10% when you buy Charlotte auto insurance online.
• Driver Training Discounts – Passing a defensive driving class could possibly earn you a 5% discount and easily recoup the cost of the course.
• Life Insurance – Companies who offer life insurance give lower rates if you buy auto and life insurance together.
• Bundled Policy Discount – If you have multiple policies and insure them with the same company you will save 10% to 20% off each policy.

One thing to note about discounts is that most discount credits are not given to the whole policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like all the discounts add up to a free policy, company stockholders wouldn’t be very happy. Any amount of discount will bring down your policy premiums.

The diagram below shows the difference between Kia Soul car insurance rates with and without discounts applied to the policy rates. The information is based on a male driver, no claims or driving citations, North Carolina state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, homeowner, claim-free, and multi-policy discounts applied.

The best insurance companies and a summarized list of policyholder discounts are outlined below.

• 21st Century has discounts for defensive driver, anti-lock brakes, air bags, 55 and older, teen driver, homeowners, and good student.
• State Farm offers discounts including Drive Safe & Save, accident-free, student away at school, good driver, and safe vehicle.
• AAA offers discounts for anti-theft, good driver, education and occupation, multi-policy, pay-in-full, good student, and multi-car.
• Liberty Mutual may offer discounts for good student, preferred payment discount, multi-policy, new vehicle discount, exclusive group savings, and new move discount.
• Progressive may include discounts for good student, online signing, multi-vehicle, continuous coverage, multi-policy, and homeowner.

It’s a good idea to ask every company how you can save money. A few discounts may not apply to policyholders everywhere. To choose insurers with the best discounts in North Carolina, click here.

When to contact an agent

Some consumers just want to buy from a licensed agent and that is a personal choice. Good insurance agents are trained to spot inefficiencies and help submit paperwork. A nice benefit of comparing insurance online is that you can find the lowest rates and also buy local.

After completing this form (opens in new window), the coverage information is emailed to agents in your area that can provide free Charlotte auto insurance quotes to get your business. It makes it easy because there is no need to do any legwork because prices are sent straight to your inbox. In the event you want to compare prices from a specific company, don’t hesitate to find their quoting web page and fill out their quote form.

Finding the right company is decision based upon more than just the premium amount. Any agent in Charlotte should have no problem answering these questions:

• Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
• Does the agent have professional designations like CIC, CPCU or AIC?
• Is the quote a firm price?
• If you have an accident, will your rates go up?
• Are there any hidden costs in their price quote and does it include driving and credit history?
• Who are their largest clients?
• Which companies do they recommend if they are an independent agency?
• Which insurance company do they prefer to write with?

Pick the best auto insurance agent in Charlotte for you

When looking for a local insurance agency, there are two types of insurance agents that differ in how they can insure your vehicles. Agents in Charlotte are either independent or exclusive depending on the company they work for. Either one can insure your vehicles, but it’s good to learn the subtle differences because it can factor into the kind of agent you use.

Exclusive Insurance Agents

These type of agents are contracted to one company and some examples include Allstate, Farmers Insurance, State Farm, and AAA. They are unable to place coverage with different providers so they have to upsell other benefits. They are well schooled on their company’s products and that allows them to sell at a higher price point. Some people will only use the same agent mostly because of the brand legacy rather than low price.

Shown below is a short list of exclusive agencies in Charlotte who may provide you with comparison quotes.

• Allstate Insurance: Bob White
  601 S Kings Dr, Ste FF – Charlotte, NC 28204 – (704) 376-3479 – View Map
• Daniela Hernandez – State Farm Insurance Agent
  5811 Fairview Rd Ste 102 – Charlotte, NC 28209 – (704) 733-9022 – View Map
• Allstate Insurance: Michael Randolph
  1001 W W.T. Harris Blvd m – Charlotte, NC 28213 – (704) 549-1710 – View Map

View more agents

Independent Insurance Agents

Agents in the independent channel do not have single company limitations so as a result can place your coverage amongst many companies enabling the ability to shop coverage around. If you are not satisfied with one company, they simply move the coverage in-house and you don’t have to find a new agent.

If you are comparing rate quotes, you definitely need to get insurance quotes from independent agents to get the best comparison. Many write coverage with smaller regional carriers which may provide better rates.

The following is a short list of independent agencies in Charlotte that can give you rate quotes.

• Lawing – Elvington Insurance Agency
  6132 Brookshire Blvd b – Charlotte, NC 28216 – (704) 391-8483 – View Map
• A1 Insurance
  537 W Sugar Creek Rd # 104B – Charlotte, NC 28213 – (704) 598-4442 – View Map
• Nationwide Insurance: Michael Bare Agency
  2300 Sardis Rd N a – Charlotte, NC 28227 – (704) 248-8000 – View Map

View more agents

Once you have received good answers and a good coverage price, you’ve probably found an auto insurance agent that meets your needs to properly service your insurance policy. Keep in mind you can always terminate your policy whenever you want so don’t feel that you are obligated to your new company for the full term.

What is the best auto insurance coverage?

When selecting a policy, there is no perfect coverage plan. Your situation is unique.

These are some specific questions might point out if your situation might need an agent’s assistance.

• How long can I keep a teen driver on my policy?
• Am I getting all the discounts available?
• Which companies are cheaper for teen drivers?
• Does my Kia Soul qualify for pleasure use?
• Can I pay claims out-of-pocket if I buy high deductibles?
• Do I need more liability coverage?
• Do I need replacement cost coverage?
• Do all my vehicles need collision coverage?

If it’s difficult to answer those questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Lower rates by being persistent

In this article, we covered quite a bit of information on how to compare Kia Soul insurance car insurance rates in Charlotte. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding affordable Kia Soul insurance quotes. Consumers may even find the lowest car insurance rates are with the smaller companies.

Consumers leave their current company for any number of reasons including denial of a claim, high rates after DUI convictions, lack of trust in their agent and unfair underwriting practices. It doesn’t matter what your reason, switching auto insurance companies can be pretty painless.

While you’re price shopping online, you should never skimp on coverage in order to save money. There are too many instances where someone dropped comprehensive coverage or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your aim should be to find the BEST coverage at an affordable rate, but do not skimp to save money.

Additional detailed information can be found in the articles below:

• Auto Insurance 101 (About.com)
• Who Has the Cheapest Car Insurance for High Mileage Drivers in Charlotte? (FAQ)
• Who Has the Cheapest Car Insurance Rates for Inexperienced Drivers in Charlotte? (FAQ)
• Older Driver Statistics (Insurance Information Institute)
• Senior Drivers (Insurance Information Institute)
• Understanding your Policy (NAIC.org)