Are you researching low-cost Kia Soul insurance in Las Vegas? Trying to come up with a payment for pricey insurance can draw down your bank account and force you to make tough financial choices. Doing a rate analysis is a smart way to tighten up your finances.
Surprisingly, a recent survey revealed that 70% of consumers renewed their policy with the same company for over three years, and practically 40% of insurance customers have never compared rates with other companies. Drivers in Nevada can save hundreds of dollars each year just by getting comparison quotes, but they don’t know the big savings they would realize if they switched to a cheaper policy.
You have so many auto insurance companies to buy insurance from, and although it’s a good thing to be able to choose, so many choices can make it hard to get the best deal for Kia Soul insurance in Las Vegas.
Ways to get Kia Soul insurance rate quotes in Las Vegas, NV
The are a couple different ways of comparing rates from local Las Vegas insurance companies. The fastest way to comparison shop consists of shopping online.
Online shopping is fast and free, and it makes it obsolete to go to different Las Vegas agent offices. Comparing Kia Soul insurance rates online makes this unnecessary unless you have a need for the personal advice only provided by licensed Las Vegas agents. Some companies do allow you to find lower rates online but have a local agent actually write the policy. When quoting insurance, remember that comparing a wide range of rates will increase your chances of finding lower pricing. Some smaller insurers do not give online rate quotes, so you also need to get quotes from the smaller companies as well.
The auto insurance companies shown below have been selected to offer free rate quotes in Las Vegas, NV. To get cheaper car insurance in NV, we recommend you get prices from several of them in order to find the most affordable rates.
Auto insurance analysis for a Kia Soul
The premium table shown below highlights estimates of insurance premium costs for Kia Soul models. Learning a little about how prices are determined is important to be able to make decisions when choosing a new policy provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Rate information does not factor in specific zip code location which can impact auto insurance rates greatly.
Poor driving habits will raise your auto insurance rates
The diagram below shows how speeding tickets and accident claims drive up Kia Soul car insurance rates for each different age group. The rate quotes are based on a married male driver, full coverage, $1,000 deductibles, and no discounts are taken into consideration.
Auto insurance premiums based on gender
The diagram below visualizes the comparison of Kia Soul insurance prices for male and female drivers. The premium estimates are based on no claims or violations, full physical damage coverage, $250 deductibles, drivers are single, and no policy discounts are applied.
Components of Your Kia Soul Insurance Costs
It’s important that you understand some of the factors that go into determining your policy premiums. When you understand what influences your rates, this empowers consumers to make smart changes that could result in lower rates. Lots of things are considered when you quote your car insurance policy. Some factors are common sense like a motor vehicle report, but others are not as apparent such as your credit history or your vehicle rating.
Premiums drop with age – Mature drivers are more responsible, tend to cause fewer accidents, and get fewer tickets. Teen drivers are known to be careless and easily distracted in a vehicle so car insurance rates are higher.
The following data uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.
Being married pays dividends – Being married helps lower the price when shopping for car insurance. Having a significant other may mean you are more mature than a single person and insurance companies reward insureds because married couples file fewer claims.
Your vocation and car insurance rates – Did you know that where you work can have an impact on rates? Careers like judges, airline pilots, and miners usually pay higher average rates attributed to job stress and extremely grueling work hours. On the flip side, careers such as actors, engineers and performers have lower than average premiums.
Optional features that lower rates – Choosing a vehicle with a theft deterrent system can help bring down rates. Systems that thwart thieves like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop car theft.
Safer occupants lowers prices – Vehicles with good safety scores tend to be cheaper to insure. Vehicles engineered for safety help reduce the chance of injuries in an accident and reduced instances of injuries means lower claim amounts which can mean better rates for you.
Lower comp and collision deductibles cost more – Comprehensive and collision coverage deductibles state the amount of money the insured will be required to pay if a claim is determined to be covered. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. A few examples of covered claims could be rear-ending another vehicle, animal collisions, and having a roll-over accident. The more expense you pay before a claim is paid (deductible), the less money you will pay for car insurance.
Kia Soul claim statistics – Companies factor in historical loss data to help determine the rate you pay. Models that are shown to have higher loss trends will be charged more to insure. The next table illustrates the historical loss data for Kia Soul vehicles.
For each insurance policy coverage type, the statistical loss for all vehicles, regardless of manufacturer or model, equals 100. Values under 100 imply a favorable loss record, while values that are 100 or greater indicate a higher chance of having a claim or tendency to have higher losses.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Three reasons car insurance is important
Despite the fact that car insurance is not cheap in Las Vegas, maintaining insurance may be required and benefits you in several ways.
First, just about all states have minimum mandated liability insurance limits which means you are required to buy a specific minimum amount of liability insurance coverage if you want to drive legally. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your vehicle has a lienholder, it’s guaranteed your bank will make it mandatory that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the lender may insure your Kia at an extremely high rate and force you to pay for it.
Third, insurance protects both your vehicle and your assets. It also can pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, collision and comprehensive coverages will cover the repair costs.
The benefits of buying car insurance outweigh the cost, especially when you need to use it. But the average driver in Nevada is overpaying more than $750 every year so shop around every year to ensure rates are competitive.
Ratings for Las Vegas auto insurance companies
Insuring your vehicle with a good quality insurance company can be difficult considering how many companies sell coverage in Las Vegas. The information below may help you pick which insurers you want to consider when looking for cheaper rates.
Top 10 Las Vegas Car Insurance Companies Overall
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
- Mercury Insurance