Compare Kia Soul Insurance Quotes in Omaha

Anyone knows that auto insurance companies don’t want policyholders to compare prices from other companies. People who compare other rates are inclined to switch insurance companies because of the high probability of finding good coverage at a lower price. A recent insurance study discovered that people who shopped around saved an average of $865 a year compared to people who never compared other company’s rates.

If finding the cheapest price on auto insurance in Omaha is the reason you’re reading this, understanding how to compare insurance premiums can help simplify the task of finding more affordable coverage.

Discount Kia Soul insuranceIf saving the most money is your goal, then the best way to get discount Kia Soul insurance in Omaha is to compare prices annually from insurers that insure vehicles in Nebraska. Rate comparisons can be done by following these guidelines.

The most important part of this process is to make sure you enter identical limits and deductibles on each quote request and and to get price estimates from as many carriers as you can. This helps ensure an accurate price comparison and a better comparison of the market.

When looking for inexpensive Omaha auto insurance quotes, there are a couple ways to compare rate quotes from different companies. The easiest way by far to compare insurance prices is simply to get online rate quotes.

It’s so easy to compare rates online that it makes it obsolete to spend time driving to local Omaha insurance agencies. The fact that you can get quotes online can eliminate the need for a local agent unless you have a need for the professional guidance that can only be provided by a licensed insurance agent. It is possible to price shop your coverage online but have a local agent actually write the policy.

When price shopping your coverage, obtaining a wide range of quotes helps you find more affordable rates.

The companies in the list below provide free quotes in Omaha, NE. If you want to find cheap auto insurance in Omaha, we suggest you compare several of them to get the cheapest price.

Kia Soul insurance rates and statistics

The table below showcases different insurance costs for Kia Soul models. Having a better idea how auto insurance policy rates are calculated can assist in making informed purchases.

Kia Soul Insurance Rates in Omaha, NE
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $214 $314 $392 $24 $118 $1,062 $89
Soul Plus $214 $314 $392 $24 $118 $1,062 $89
Soul Exclaim $242 $314 $392 $24 $118 $1,090 $91
Soul Sport $242 $314 $392 $24 $118 $1,090 $91
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Table data does not factor in the specific area where the vehicle is garaged which can lower or raise auto insurance rates noticeably.

Comparison of policy deductibles

One of the hardest decisions when shopping for car insurance is where should you set your physical damage deductibles. The tables below help summarize the differences in premium rates between high and low policy deductibles. The first rate estimation uses a $100 physical damage deductible and the second price table uses a $1,000 deductible.

Kia Soul insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $258 $466 $300 $18 $90 $1,157 $96
Soul Plus $258 $466 $300 $18 $90 $1,157 $96
Soul Exclaim $292 $466 $300 $18 $90 $1,191 $99
Soul Sport $292 $466 $300 $18 $90 $1,191 $99
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Kia Soul insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $144 $246 $300 $18 $90 $798 $67
Soul Plus $144 $246 $300 $18 $90 $798 $67
Soul Exclaim $162 $246 $300 $18 $90 $816 $68
Soul Sport $162 $246 $300 $18 $90 $816 $68
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rate quotes do not factor in Omaha location which can increase or decrease insurance rates substantially.

Based on this data, using a $100 deductible could cost the average driver approximately $30 more each month or $360 annually than selecting the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you go at least 30 months between claim filings, you would more than likely save some money if you decide on a higher deductible. The illustration below shows an example of how you can make your own decision.

Average monthly premium for $100 deductibles: $98
Average monthly premium for $1,000 deductibles (subtract): – $68
Monthly savings from raising deductible: $30
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 30 months

One big caveat is that increasing deductibles to save money results in more money out-of-pocket when you have a comprehensive or collision claim. You need to make sure you have some non-essential savings in the event you need to pay the deductible.

Rate comparison of males versus females

The example below visualizes the comparison of Kia Soul yearly insurance costs for male and female drivers. The rates are based on no violations or accidents, full coverage, $100 deductibles, single status, and no other discounts are factored in.

Comparison of full coverage and liability-only policies

The illustration below shows the difference between Kia Soul insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Nebraska. The data assumes no claims or driving violations, $1,000 deductibles, drivers are not married, and no discounts are applied.

When to drop full coverage

There is no set guideline of when to stop paying for full coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then it might be time to buy liability only.

For example, let’s say 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, the most you would receive is $8,000 after the deductible is paid. If you are currently paying more than $800 a year for physical damage coverage, then you might want to think about dropping full coverage.

There are some circumstances where dropping physical damage coverage is not recommended. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not remove full coverage.

Eight Tips to Get Cheaper Omaha Insurance Prices

It’s important that you understand some of the things that come into play when calculating the rates you pay for car insurance. When you know what positively or negatively impacts premium levels, this enables informed choices that will entitle you to lower car insurance prices. Multiple criteria are part of the equation when you get a price on insurance. Some are obvious like a motor vehicle report, although others are not as apparent like where you live and annual miles driven.

Responsible drivers pay less – How you drive impacts your car insurance rates tremendously. Even one ticket could increase your next policy renewal by as much as thirty percent. Careful drivers pay lower auto insurance prices compared to drivers with tickets. Drivers who have received serious violations like hit and run, DWI or reckless driving convictions might be required by their state to file a SR-22 with their state’s licensing department in order to continue driving.

The chart below demonstrates how traffic citations and at-fault collisions raise Kia Soul insurance costs for different age groups. The prices are based on a married female driver, comp and collision included, $1,000 deductibles, and no other discounts are factored in.

How much liability – Liability insurance kicks in if ever you are determined to be liable for damages caused by your negligence. This coverage provides you with a defense in court starting from day one. Liability insurance is quite affordable compared to comp and collision, so drivers should make sure they buy enough to cover all assets.

Lower performance equals lower insurance prices – The make and model of the car you need insurance for makes a huge difference in determining your rates. The lowest performance passenger models usually are quite affordable to insure, but the cost you end up paying is determined by many additional factors.

The chart below uses these assumptions: married male driver age 20, full coverage with $250 deductibles, and no discounts or violations. It shows Kia Soul rates compared to other makes and models that have different performances.

Big cities mean more claims – Living in a rural area has it’s advantages when it comes to car insurance. Less people means reduced accidents and lower theft and vandalism rates. People who live in big cities regularly have more road rage incidents and longer commutes to work. Longer commute distances can result in more accidents.

Discounts for alarm systems – Driving a car with an alarm system can help lower your premiums. Anti-theft devices like OnStar, LoJack tracking, and tamper alarms all help prevent car theft and help bring rates down.

Your employer may affect rates – Occupations such as military personnel, police officers, and miners have the highest average rates because of intense work-related stress and incredibly demanding work hours. Conversely, professions such as farmers, engineers and homemakers pay lower than average rates.

Raise physical damage deductibles and save – Insurance for physical damage, also known as collision and other-than-collision, protects your Kia from damage. Examples of covered claims are a dented fender, flood damage, and damage from a fallen tree branch. Physical damage deductibles are the amount of money you are willing to pay before your car insurance pays a claim. The more of the claim you’re willing to pay, the less money you will pay for car insurance.

Less chance of injury means lower prices – Vehicles that have high safety ratings tend to have lower insurance rates. The safest vehicles reduce the chance of injuries and better occupant protection translates directly to fewer claims which can result in lower premiums. If your Kia Soul earned at least four stars on it is probably cheaper to insure.

Insurance losses for a Kia Soul – Insurers include the past claim trends for vehicles in order to profitably underwrite each model. Models that historically have increased claim numbers or amounts will have higher rates for specific coverages.

The data below shows the insurance loss data used by companies for Kia Soul vehicles. For each policy coverage type, the statistical loss for all vehicles, regardless of make, model or trim level, is set at 100. Numbers below 100 indicate a favorable loss history, while percentage values above 100 indicate higher probability of having a loss or an increased chance of larger losses than average.

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

Insurance protects more than just your car

Despite the high cost of buying insurance for a Kia Soul in Omaha, insurance may be mandatory for several reasons.

The benefits of buying enough insurance definitely exceed the cost, particularly if you ever have a claim. Today the average American driver overpays more than $855 a year so you should quote and compare rates each time the policy renews to ensure rates are inline.