Best Ways to Save on Boston Kia Soul Insurance

Insurance quote for Kia Soul in BostonIf you want to save money, the best way to find affordable Kia Soul insurance is to start comparing rates regularly from providers that insure vehicles in Boston. This can be done by completing these steps.

A crucial key to this process is that you use the same deductibles and limits on each quote and and to get rates from every company you can. This helps ensure a fair rate comparison and many rates to choose from.

Unbelievably, a large majority of drivers kept their policy with the same company for more than four years, and practically 40% of auto insurance customers have never compared rate quotes at all. Most drivers in Boston can cut their rates by approximately 45% a year by just shopping around, but they just don’t understand how easy it is to shop around.

If you have a policy now, you will be able to shop for the lowest rates using these methods. Locating the best rates in Boston is easy if you know what you’re doing. But Massachusetts drivers benefit from understanding the way insurance companies determine what you pay because rates are impacted by many factors.

Compare Kia Soul insurance rates

To find low cost Boston auto insurance quotes, there are several ways to compare quotes from different Boston insurance companies. The best method to find the cheapest Kia Soul insurance rates is to use the internet to compare rates.

Online shopping is fast and free, and it makes it a waste of time to spend time driving to each insurance agency near you. Buying insurance online eliminates the need for an insurance agent unless you prefer the peace of mind that can only be provided by a licensed insurance agent. Although you can comparison shop online but buy from a local insurance agent.

Keep in mind that getting more free quotes helps you find the best rates.

The providers in the list below provide price quotes in Massachusetts. To get the best auto insurance in Massachusetts, it’s a good idea that you click on several of them to find the cheapest car insurance rates.

Car insurance statistics for a Kia Soul

The information shown below highlights a range of coverage prices for Kia Soul models. Being more informed about how car insurance premiums are figured can benefit drivers when making informed decisions when comparing rates.

Kia Soul Insurance Rates in Boston, MA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $192 $322 $344 $20 $104 $982 $82
Soul Plus $192 $322 $344 $20 $104 $982 $82
Soul Exclaim $216 $322 $344 $20 $104 $1,006 $84
Soul Sport $216 $322 $344 $20 $104 $1,006 $84
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Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rates do not factor in specific garaging location which can influence coverage prices substantially.

Higher deductibles save money

One of the hardest decisions when shopping for car insurance is where to set your physical damage deductibles. The rates below can help you understand the differences in premium rates between high and low coverage deductibles. The first set of rates uses a $250 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Kia Soul insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $258 $436 $334 $20 $100 $1,173 $98
Soul Plus $258 $436 $334 $20 $100 $1,173 $98
Soul Exclaim $292 $436 $334 $20 $100 $1,207 $101
Soul Sport $292 $436 $334 $20 $100 $1,207 $101
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Kia Soul insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $160 $274 $334 $20 $100 $888 $74
Soul Plus $160 $274 $334 $20 $100 $888 $74
Soul Exclaim $180 $274 $334 $20 $100 $908 $76
Soul Sport $180 $274 $334 $20 $100 $908 $76
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Premium amounts do not factor in zip code location which can alter auto insurance rates greatly.

Based on this data, using a $250 deductible costs about $25 more each month or $300 each year averaged for all Soul models than choosing the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 30 months between claims, you would probably come out ahead if you decide on a higher deductible.

The example below highlights how deductible selection and can influence Kia Soul yearly insurance costs for different ages of insureds. The data assumes a married female driver, full physical damage coverage, and no policy discounts are applied.

Gender-based car insurance rates by age in Boston

The chart below shows the difference between Kia Soul insurance costs for male and female drivers. The premiums are based on no violations or claims, comp and collision included, $500 deductibles, marital status is single, and no additional discounts are factored in.

Full coverage rates compared to liability-only

The illustration below illustrates the difference between Kia Soul insurance costs with full coverage compared to only the Massachusetts minimum liability coverage. The price estimates are based on no accidents, no driving violations, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

Should you buy full coverage or liability only?

There is no clear-cut rule to stop paying for full coverage, but there is a general convention. If the yearly cost for physical damage coverage is 10% or more 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 say your Kia Soul replacement cost is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $8,000 after paying the physical damage deductible. If it’s costing you more than $800 a year to have full coverage, then it could be time to drop full coverage.

There are some scenarios where removing full coverage is not recommended. If you haven’t satisfied your loan, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

Cheaper Boston auto insurance rates with discounts

Companies offering auto insurance do not advertise all discounts in an easy-to-find place, so the next list breaks down a few of the more common as well as some of the hidden auto insurance savings.Discount auto insurance

Don’t be shocked that some credits don’t apply to the overall cost of the policy. A few only apply to specific coverage prices like collision or personal injury protection. So even though you would think having all the discounts means you get insurance for free, it’s just not the way it works.

The example below shows the difference between Kia Soul car insurance rates with and without discounts applied to the rates. The rates are based on a male driver, no violations or accidents, Massachusetts 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 multi-car, multi-policy, safe-driver, marriage, claim-free, and homeowner discounts applied.

A few popular companies and their offered discounts are included below.

If you need lower rates, check with all companies you are considering to give you their best rates. Depending on the company, some discounts may not be available in your area. To see providers that offer multiple discounts in Massachusetts, follow this link.

Here’s why car insurance is not optional

Despite the high insurance cost for a Kia Soul in Boston, insuring your vehicle is most likely required but also gives you several important benefits.

The benefits of having insurance greatly outweigh the cost, especially for larger claims. The average driver in Massachusetts overpays as much as $700 annually so you should quote your policy with other companies once a year at a minimum to save money.

Compare prices but buy from a local neighborhood Boston car insurance agent

Some people still prefer to talk to a local agent and doing that can be a smart decision The best thing about price shopping on the web is that you can find cheaper prices and still buy from a local agent. And buying from local agents is important particularly in Boston.

To help locate an agent, after submitting this form (opens in new window), your information is sent to local insurance agents in Boston who will return price quotes to get your business. You don’t have to leave your computer since rate quotes are delivered immediately to you. You can find better rates and work with a local agent. If you wish to get a rate quote from a specific insurance company, don’t hesitate to search and find their rate quote page to submit a rate quote request.

Exclusive or Independent: There is a difference

If you want to use local Boston agents, it helps to know the two types of agencies that differ in how they can insure your vehicles. Auto insurance agencies may be either independent (non-exclusive) or exclusive.

Independent Auto Insurance Agents

Agents in the independent channel often have affiliation with several companies and that is an advantage because they can write policies with any number of different companies and potentially find a lower price. If you want to switch companies, the business is moved internally and that require little work on your part. When comparing auto insurance rates, we recommend you compare quotes from at a minimum one independent agency for maximum quote selection.

The following are Boston independent agencies that may be able to give price quotes.

1148 Washington StBoston, MA 02118(617) 338-8168View Map

4 Copley Pl #120Boston, MA 02116(617) 442-1300View Map

55 Union StBoston, MA 02108(617) 924-4915View Map

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Exclusive Insurance Agencies

Agents that elect to be exclusive normally can only provide a single company’s rates like American Family, State Farm, and Allstate. They are unable to place coverage with different providers so if the price isn’t competitive there isn’t much they can do. Exclusive agents are highly trained on the products they sell and that can be a competitive advantage.

Below is a short list of exclusive insurance agents in Boston that can give you rate quotes.

125 High StBoston, MA 02110(617) 443-9300View Map

571 Dudley St Ste ABoston, MA 02125(617) 442-9490View Map

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Finding the right insurance agency should depend on more than just a cheap price. These are some questions your agent should answer.

Insurance policy coverages for a Kia Soul

Having a good grasp of a insurance policy can be of help when determining the best coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. These are the normal coverages found on the average insurance policy.

Collision coverage – This pays to fix your vehicle from damage resulting from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things such as backing into a parked car, colliding with a tree, hitting a parking meter, damaging your car on a curb and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible on your Soul to save money on collision insurance.

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as damage to your Kia Soul.

Since a lot of drivers only carry the minimum required liability limits (20/40/5 in Massachusetts), their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are set the same as your liability limits.

Insurance for medical payments – Med pay and PIP coverage pay for bills such as surgery, funeral costs and chiropractic care. They are used in conjunction with a health insurance program or if you lack health insurance entirely. They cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Auto liability insurance – This coverage will cover damages or injuries you inflict on other people or property by causing an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 20/40/5 which means $20,000 in coverage for each person’s injuries, a per accident bodily injury limit of $40,000, and property damage coverage for $5,000. Occasionally you may see one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as loss of income, emergency aid and pain and suffering. How much coverage you buy is up to you, but it’s cheap coverage so purchase as much as you can afford. Massachusetts state law requires minimum liability limits of 20/40/5 but it’s recommended drivers buy higher limits.

The illustration below shows why buying minimum limits may not be enough.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like theft, hitting a deer, damage from a tornado or hurricane, falling objects and fire damage. The highest amount your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.