Cheapest Kia Soul Insurance in Philadelphia

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Insurance quote for Kia Soul in PhiladelphiaWant to learn the secrets to finding low-cost auto insurance rates in Philadelphia, PA? Philadelphia shoppers have options when shopping for low-cost Kia Soul insurance. They can either waste time contacting agents to get rate comparisons or leverage the internet to find the lowest rates.

There is a better way to compare auto insurance rates and we'll show you the quickest way to quote coverages for your Kia and get the best price possible from Philadelphia insurance agents and online providers.

You should take the time to check auto insurance prices before your policy renews since rates tend to go up over time. Just because you found the lowest rate on Kia Soul insurance in Philadelphia two years ago you can probably find a lower rate today. Forget all the misinformation about auto insurance because you're about to find out the fastest and easiest way to find better coverage on Kia Soul insurance in Philadelphia at a better price.

If you're already insured or just want to reduce your rates, use these money-saving tips to reduce premiums without sacrificing coverage. This article's intent is to introduce you to the most effective ways to compare rates and some money-saving tips. Drivers only need an understanding of the proper methods to compare rates from many different companies online.

Save with these discounts on Kia Soul insurance in Philadelphia

Companies do not advertise every discount available in a way that's easy to find, so we break down some of the more common as well as some of the hidden credits that may apply to you.

  • Passive Restraints - Factory air bags could see savings of up to 25% or more.
  • Senior Citizens - If you qualify as a senior citizen, you could receive reduced rates.
  • Membership in Organizations - Joining qualifying clubs or civic groups could earn you a nice discount on your next car insurance statement.
  • Low Mileage Discounts - Low annual miles could qualify for discounted premium rates on garaged vehicles.
  • Life Insurance - Not all insurance carriers offer life insurance, but some may give you a break if you buy life insurance.
  • Accident Forgiveness - Not a discount per se, but some insurance companies permit an accident before your rates go up if you are claim-free for a specific time period.
  • Good Grades Discount - Maintaining excellent grades could provide a savings of up to 20% or more. Many companies even apply the discount to college students until age 25.
  • Theft Prevention System - Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Driver Education Discount - It's a good idea to have your young drivers participate in a local driver's education class as it can save substantially.

Drivers should understand that some credits don't apply to your bottom line cost. A few only apply to individual premiums such as physical damage coverage or medical payments. Despite the fact that it seems like you would end up receiving a 100% discount, that's just not realistic.

The diagram below illustrates the comparison of Kia Soul auto insurance costs with and without policy discounts. The premiums are based on a male driver, no violations or accidents, Pennsylvania state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, homeowner, marriage, multi-car, and safe-driver discounts applied.

Popular car insurance companies and their possible discounts can be found below.

  • Farm Bureau has savings for renewal discount, driver training, good student, multi-vehicle, and youthful driver.
  • Liberty Mutual has discounts for hybrid vehicle, exclusive group savings, new vehicle discount, multi-car, good student, newly married, and multi-policy.
  • State Farm discounts include Drive Safe & Save, multiple autos, defensive driving training, anti-theft, student away at school, good student, and multiple policy.
  • Auto-Owners Insurance policyholders can earn discounts including paperless, teen driver, safe vehicle, company car, good student, and safe driver.
  • GEICO includes discounts for daytime running lights, five-year accident-free, anti-theft, seat belt use, driver training, anti-lock brakes, and federal employee.
  • SAFECO may have discounts that include homeowner, teen safety rewards, multi-car, safe driver, and teen safe driver.

When quoting, ask every prospective company what discounts are available to you. Some of the earlier mentioned discounts might not be offered on policies in Philadelphia.

All the larger insurance companies like Progressive, GEICO, Allstate and State Farm allow you to get price estimates direct online. Getting Kia Soul insurance prices online is easy for anyone as you just enter the amount of coverage you want into the quote form. After you submit the form their rating system will order credit information and your driving record and quotes a price based on the data you entered.

This makes it a lot easier to compare rates and it's also necessary to get many rate quotes in order to get the cheapest price.

To quickly use this form to compare rates, take a look at the companies shown below. If you have a policy now, it's recommended you duplicate your coverages exactly as they are listed on your policy. This helps ensure you will have an apples-to-apples comparison for the exact same coverage.

The companies shown below have been selected to offer quotes in Pennsylvania. If multiple providers are shown, it's a good idea that you visit two to three different companies to find the cheapest car insurance rates.

Rate information and statistics

The table displayed next outlines a range of insurance prices for Kia Soul models. Learning a little about how premiums are calculated can help drivers make decisions on which insurance to purchase.

Kia Soul Insurance Rates in Philadelphia, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $162 $294 $316 $18 $94 $884 $74
Soul Plus $162 $294 $316 $18 $94 $884 $74
Soul Exclaim $182 $294 $316 $18 $94 $904 $75
Soul Sport $182 $294 $316 $18 $94 $904 $75
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Estimates do not factor in the specific area where the vehicle is garaged which can affect coverage prices noticeably.

Deductible analysis

A question often asked by Philadelphia drivers is at what level do you set your deductibles. The following insurance rates help summarize the rate difference when you buy lower versus higher physical damage deductibles. The first price estimate table uses a $250 deductible for comp and collision and the second price grid uses a $1,000 deductible.

Kia Soul insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $254 $428 $330 $20 $98 $1,155 $96
Soul Plus $254 $428 $330 $20 $98 $1,155 $96
Soul Exclaim $288 $428 $330 $20 $98 $1,189 $99
Soul Sport $288 $428 $330 $20 $98 $1,189 $99
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Kia Soul insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $158 $270 $330 $20 $98 $876 $73
Soul Plus $158 $270 $330 $20 $98 $876 $73
Soul Exclaim $178 $270 $330 $20 $98 $896 $75
Soul Sport $178 $270 $330 $20 $98 $896 $75
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate quotes do not factor in garaging location in Philadelphia which can influence premiums greatly.

Based on the above data, using a $250 deductible costs roughly $24 more each month or $288 every year than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 31 months between claims, you would probably come out ahead if you decide on a higher deductible.

Calculation for determining deductible levels

Average monthly premium for $250 deductibles: $98
Average monthly premium for $1,000 deductibles (subtract): - $74
Monthly savings from raising deductible: $24
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 31 months

How much more does full coverage cost?

The chart below shows the comparison of Kia Soul insurance costs with full physical damage coverage and with liability coverage only. The premium estimates are based on no driving violations, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are taken into consideration.

When to stop buying physical damage coverage

There is no definitive guideline to delete physical damage insurance, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of replacement cost minus your deductible, then you might consider buying liability only.

For example, let's assume your Kia Soul claim settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $6,000 after paying your policy deductible. If premium cost is more than $600 a year for full coverage, then you might consider buying liability only.

There are some conditions where buying only liability insurance is not financially feasible. If you haven't paid off your loan, you have to carry full coverage to protect the lienholder's interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should maintain full coverage.

Four factors that influence insurance costs

Smart consumers have a good feel for the different types of things that play a part in calculating car insurance rates. If you understand what impacts premium levels, this allows you to make good choices that can help you get cheaper rates.

Listed below are most of the major factors utilized by car insurance companies to help set rates.

  • Performance makes a difference - The performance level of the car, truck or SUV you need insurance for makes a big difference in the rate you pay. The most favorable rates are usually for lower performance four cylinder passenger cars, but there are many factors that impact the final cost.

    The following chart uses these assumptions: married female driver age 30, full coverage with $500 deductibles, and no discounts or violations. It illustrates Kia Soul insurance rates compared to other models that have a range of performance risks.

  • Your occupation may affect rates - Occupational choices like lawyers, social workers, and financial analysts tend to pay the highest average rates due to high stress levels and incredibly demanding work hours. Other occupations like farmers, engineers and retirees have the lowest average rates.
  • How's your driving record? - Having a clean driving record impacts premiums far more than you think. Even one citation may cause rates to rise by as much as twenty percent. Good drivers pay lower auto insurance prices compared to bad drivers. Drivers who have gotten careless tickets such as hit and run, DWI or reckless driving convictions may be required to file a SR-22 with their state motor vehicle department in order to continue driving.

    The diagram below demonstrates how speeding tickets and fender-benders can affect Kia Soul insurance costs for different age categories. The data assumes a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.

  • Discounts for married couples - Your spouse may cut your premiums when shopping for car insurance. Having a spouse means you're more responsible and it's proven that married drivers tend to file fewer claims.
  • Insurance losses for a Kia Soul - Insurance companies factor in insurance loss information when they file their rates in each state. Models that the data shows to have a trend towards higher claims will have a higher cost to insure.

    The table below outlines the historical insurance loss data for Kia Soul vehicles. For each insurance policy coverage type, the statistical loss for all vehicles averaged together is represented as 100. Values below 100 mean the vehicle has better than average losses, while percentage values above 100 indicate more frequent claims or tendency to have higher losses.

    Kia Soul Insurance Loss Statistics
    Specific Kia Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Kia Soul 89 98 84 138 138 118

    Statistics from for 2013-2015 Model Years

Local Philadelphia insurance agencies

A lot of people would prefer to buy from a local agent and that can be a great decision Insurance agents are highly skilled in risk management and help in the event of a claim. One of the great benefits of comparing rate quotes online is that drivers can save money and get cheaper prices and still have an agent to talk to. And buying from neighborhood insurance agencies is definitely important in Philadelphia.

Insurance agents in PhiladelphiaAfter filling out this short form, your insurance data is submitted to companies in Philadelphia who will gladly provide quotes for your car insurance coverage. You won't even need to even leave your home as quotes are delivered straight to your inbox. If you have a need to compare prices for a specific company, don't hesitate to jump over to their website and fill out their quote form.

When finding a reputable agency, there are two types of agencies and how they differ in how they can insure your vehicles. Agents in Philadelphia are classified as either independent (non-exclusive) or exclusive. Either type can insure your vehicles, but it's important to know the difference between them since it can impact which type of agent you select.

Independent Car Insurance Agents

Agents that elect to be independent do not write with just one company and that enables them to quote your coverage through lots of different companies and find the cheapest rate. If you are not satisfied with one company, the agent simply finds a different carrier and you don't have to find a new agent. When comparing car insurance rates, you absolutely need to contact several independent agencies to get the most accurate price comparison. Most independent agents also contract with less well-known companies which may provide better rates.

Below is a small list of independent agents in Philadelphia that can possibly get you rate quotes.

More insurance agents

Exclusive Car Insurance Agents

Agents of this type can usually just insure with one company and examples are Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agencies are unable to provide prices from multiple companies so always compare other rates. Exclusive agencies are usually well trained on sales techniques which helps them compete with independent agents. Some people will only buy from the same agent for years mostly because of loyalty to the company and the convenience of having all coverages with one company.

Shown below is a list of exclusive agencies in Philadelphia that can give you price quote information.

More insurance agents

Deciding on an insurance agency shouldn't rely on just the bottom line cost. The questions below may impact your decision as well.

  • Are they full-time agents?
  • How is replacement cost determined on your vehicle?
  • Does the agent recommend any additional coverage?
  • Will you work with the agent or an assistant?
  • Does the company have a solid financial rating?
  • Which insurance companies are they affiliated with?
  • What discounts might you be missing?
  • Do they offer accident forgiveness?

Here's why insurance is not optional

Despite the potentially high cost of Kia Soul insurance, paying for insurance is required for several reasons.

First, the majority of states have compulsory liability insurance requirements which means the state requires a minimum amount of liability insurance coverage if you drive a vehicle. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if you bought your Soul with a loan, almost all lenders will require you to have comprehensive coverage to guarantee loan repayment. If you do not pay your insurance premiums, the lender will be forced to insure your Kia at an extremely high rate and make you pay for the expensive policy.

Third, insurance safeguards both your Kia and your assets. It will also cover all forms of medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees in the event you are sued. If your vehicle suffers damage from an accident or hail, your policy will cover the damage repairs after a deductible is paid.

The benefits of carrying enough insurance more than cancel out the cost, especially if you ever need it. An average driver in America is currently overpaying as much as $850 per year so compare quotes from several companies once a year at a minimum to save money.

Compare. Compare. Compare.

Drivers switch companies for a variety of reasons including policy non-renewal, an unsatisfactory settlement offer, high rates after DUI convictions or even not issuing a premium refund. It doesn't matter why you want to switch switching companies is easier than you think.

Budget-conscious Kia Soul insurance can be bought online in addition to local insurance agencies, and you should be comparing both so you have a total pricing picture. A few companies may not offer the ability to get a quote online and usually these regional carriers prefer to sell through local independent agencies.

We just presented a lot of techniques to reduce Kia Soul insurance prices online in Philadelphia. It's most important to understand that the more quotes you get, the better your chances of lowering your rates. Consumers may even find the best prices are with some of the smallest insurance companies.

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