Find Cheaper Kia Soul Insurance in Tampa

Paying for pricey Kia Soul insurance in Tampa can drain your funds and force you to make sacrifices. Comparison shopping can save money and help to slash your bill and have more diposable income.

Sadly, 70% of consumers have bought auto insurance from the same company for well over three years, and nearly the majority have never even compared quotes to find cheaper rates. Tampa insurance shoppers could save nearly 55% each year just by comparing rates, but they feel it’s too difficult to find cheaper auto insurance rates.

Big-name insurance companies like Allstate and Progressive all promote huge savings with catchy ads and it is challenging if not impossible to not get sucked in by the cute commercials and find the best price available.

You need to compare premium rates every six months because auto insurance prices change regularly. Just because you had the best rates on Kia Soul insurance in Tampa last year you may be paying too much now. Ignore everything you know about auto insurance because it’s time to teach you the right way to lower your annual insurance bill.

If you are paying for car insurance now, you will most likely be able to reduce premiums using the ideas covered in this article. Choosing the most cost-effective insurance policy in Tampa is easy if you know what you’re doing. But Florida drivers can benefit by having an understanding of how the larger insurance companies market insurance on the web and use this information to your advantage.

Companies offering affordable Kia Soul price quotes in Tampa, FL

The following companies provide free rate quotes in Tampa, FL. If your goal is to find cheaper auto insurance in Tampa, it’s highly recommended you visit two to three different companies to find the cheapest car insurance rates.

Statistics and details

The coverage information shown next covers a range of coverage costs for Kia Soul models. Having knowledge of how insurance policy rates are formulated can be useful when making smart choices when buying a car insurance policy.

Prices above based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Premium amounts do not factor in zip code location which can influence price quotes greatly.

Can higher deductibles save money?

One of the most common insurance questions is how low should you set your deductibles. The following tables show the rate fluctuation when you select higher and lower insurance deductibles. The first pricing table uses a $100 deductible for physical damage and the second price grid uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Estimates do not factor in vehicle garaging location which can lower or raise prices significantly.

Based on the figures above, using a $100 deductible will cost you roughly $28 more each month or $336 annually than buying the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go more than 14 months between claims, you would more than likely save some money if you choose a higher deductible. The table below illustrates an example of how this calculation is made.

An important sidenote is that increasing deductibles to lower your rates means you pay more out-of-pocket when you have a physical damage claim. You should have enough extra savings in order to pay the deductible.

The chart below demonstrates how deductibles and can affect Kia Soul premium costs for different age categories. The premium estimates are based on a single male driver, full coverage, and no other discounts are factored in.

Gender-based insurance rates in Tampa

The chart below compares Kia Soul insurance premiums for male and female drivers. The price estimates are based on no claims or driving citations, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no other discounts are factored in.

Kia Soul full coverage rates compared to liability only

The illustration below shows the difference between Kia Soul premium costs with and without full coverage. The rate quotes are based on no claims or driving citations, $500 deductibles, drivers are single, and no policy discounts are applied.

Guidelines for eliminating full coverage

There is no definitive rule that works best for making the decision to drop physical damage insurance, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Kia Soul claim settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $4,000 after the deductible is paid. If it’s costing in excess of $400 annually for physical damage coverage, then it could be time to drop full coverage.

There are a few situations where dropping physical damage coverage is not in your best interest. If you still owe money on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should maintain full coverage.

Why You Might Pay Inflated Rates in Tampa

The best way to find cheaper insurance is to take a look at some of the factors that come into play when calculating your insurance rates. When you know what positively or negatively determines base rates, this enables informed choices that can earn you lower premium levels. Many factors are taken into consideration when you get your auto insurance bill. Some of the criteria are obvious such as your driving record, but other factors are more transparent like where you live or how safe your car is.

Listed below are most of the major factors insurance companies consider when setting premiums.

How old are your drivers? – Drivers with little experience are statistically shown to be inattentive when driving with friends therefore insurance rates are much higher. Mature drivers tend to be more responsible, tend to cause fewer accidents, and usually have better credit.

The following data assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

Higher rates for specific occupations – Jobs such as military generals, business owners, and stock brokers have the highest rates because of intense work-related stress and long work hours. Conversely, professions such as actors, historians and homemakers have the lowest average rates.

Where you reside can affect prices – Residing in small towns and rural areas is a good thing when insuring your vehicles. Fewer people translates into fewer accidents and also fewer theft and vandalism claims. City drivers regularly have more auto accidents and longer commute times. Longer commute distances can result in more accidents.

Drive fewer miles and save – The higher the miles on your Kia every year the more you’ll pay to insure your vehicle. Most insurance companies apply a rate based on their usage. Vehicles left parked in the garage can get a lower rate than those used for commuting. It’s a smart idea to ensure your vehicle rating properly reflects the proper vehicle usage. An improperly rated Soul is throwing money out the window.

Vehicle options can affect rates – Driving a car with a theft deterrent system can save you a little every year. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent car theft and help bring rates down.

Kia Soul claim probability – Companies analyze the history of losses in order to profitably underwrite each model. Models that the statistics show to have increased losses will have a higher cost to insure. The data below shows the collected loss data for Kia Soul vehicles.

For each coverage category, the claim probability for all vehicles averaged together is a value of 100. Values under 100 imply a favorable loss record, while percentages above 100 point to more losses or statistically larger claims.

Discounts for cheaper auto insurance rates

Auto insurance can be pricey, but there could be available discounts to reduce the price significantly. Larger premium reductions will be automatically applied at the time you complete a quote, but some discounts are required to be asked for in order for you to get them. If you’re not getting every credit possible, you are throwing money away.

• Passive Restraints – Options like air bags or automatic seat belts may earn rate discounts of 20% or more.
• Discount for New Cars – Insuring a vehicle that is new can save you some money since newer vehicles have better safety ratings.
• Discount for Multiple Policies – When you have multiple policies and place coverage with the same company you could save approximately 10% to 15%.
• Discounts for Federal Employees – Active or former government employment can save as much as 8% with select insurance companies.
• Safety Restraint Discount – Buckling up and requiring all passengers to use a seat belt can save 10% or more on the premium charged for medical payments and/or PIP.
• Active Military Service – Being on active deployment in the military could be rewarded with lower auto insurance rates.

As a disclaimer on discounts, most discount credits are not given to all coverage premiums. Some only apply to individual premiums such as comp or med pay. Despite the appearance that you can get free auto insurance, companies don’t profit that way.

The information below illustrates the difference between Kia Soul auto insurance costs with and without discounts applied to the policy premium. The information is based on a female driver, no claims or violations, Florida state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, claim-free, multi-car, marriage, and homeowner discounts applied.

A few companies that may offer policyholders these discounts are:

• GEICO
• Travelers
• Farm Bureau
• Liberty Mutual
• American Family
• Progressive

When quoting, ask each company or agent to give you their best rates. All car insurance discounts may not apply to policyholders everywhere.

Do I need a local insurance agent?

A small number of people just want to buy from a licensed agent and doing so can bring peace of mind One of the great benefits of comparing rates online is you can get cheaper car insurance rates and still buy from a local agent.

After completing this short form, the coverage information is instantly submitted to companies in Tampa that give free quotes to get your business. There is no reason to visit any agencies because quoted prices will be sent immediately to you. You can find better rates without requiring a lot of work. If you have a need to compare rates from a specific insurance provider, you would need to navigate to their website and fill out the quote form the provide.

Choosing the best company should depend on more than just a cheap price quote. Here are some questions to ask:

• How much will you save each year by using a higher deductible?
• Are there any discounts that you might be missing?
• Do they offer accident forgiveness?
• Does the company allow you to choose your own collision repair facility?
• Are all drivers listed on the coverage quote?
• Where would your vehicle be repaired?
• Which insurance companies are they affiliated with?
• Will they make sure you get an adequate claim settlement?

Exclusive or Independent: There is a difference

When looking for a reputable agency, there are a couple of different types of agents and how they can write your policy. Insurance agencies are either independent agents or exclusive agents depending on their employer.

Exclusive Insurance Agencies

Exclusive insurance agents can only write with one company such as State Farm, Allstate, and Farm Bureau. They usually cannot place coverage with different providers so keep that in mind. These agents are usually quite knowledgeable on what they offer which helps them compete with independent agents.

The following is a short list of exclusive agents in Tampa that are able to give price quotes.

View more agents

Independent Agencies or Brokers

These agents are normally appointed by many insurers and that enables them to quote your coverage with a variety of different insurance companies and find you cheaper rates. To transfer your coverage to a different company, an independent agent can move your coverage which requires no work on your part. When comparing insurance prices, it’s a good idea to contact several independent insurance agents to maximize your price options.

Below is a short list of independent agencies in Tampa that are able to give comparison quotes.

View more agents

A little work can save a LOT of money

When searching for the cheapest Kia Soul rate quotes, you should never skimp on coverage in order to save money. There have been many situations where someone dropped uninsured motorist or liability limits and learned later that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to find the BEST coverage at the lowest possible cost, but do not sacrifice coverage to save money.

Some insurance companies do not provide the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents. Low-cost Kia Soul insurance in Tampa can be found online and also from your neighborhood Tampa agents, and you should compare rates from both in order to have the best price selection to choose from.

Steps to finding cheaper quotes for Kia Soul insurance in Tampa

The preferred way to find low-cost car insurance rates is to start comparing rates regularly from providers in Tampa. You can shop around by completing these steps.

Step 1: Spend a few minutes and learn about how your policy works and the things you can control to prevent expensive coverage. Many rating criteria that cause rate increases like speeding tickets, careless driving and a substandard credit history can be amended by improving your driving habits or financial responsibility.

Step 2: Compare prices from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO and State Farm, while independent agencies can provide rate quotes for many different companies. Click to view companies

Step 3: Compare the new rate quotes to your existing coverage and see if you can save money. If you find a better price and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

The key aspect of shopping around is to compare similar coverage information on every quote request and and to get price quotes from as many companies as feasibly possible. Doing this ensures the most accurate price comparison and a good representation of prices.

Much more information about auto insurance in Florida can be read at the links below

• Property Damage Coverage (Liberty Mutual)
• Who Has Affordable Auto Insurance Quotes for a Ford Escape in Tampa? (FAQ)
• What Auto Insurance is Cheapest for Uber Drivers in Tampa? (FAQ)
• What Car Insurance is Cheapest for Good Drivers in Tampa? (FAQ)
• How Much is Auto Insurance for a Subaru Outback in Tampa? (FAQ)
• Auto Insurance for Teen Drivers (Insurance Information Institute)
• Teen Driving Statistics (GEICO)
• Winter Driving (Insurance Information Institute)
• Where can I buy Insurance? (Insurance Information Institute)