Car owners that are new to comparing insurance coverage prices on the internet will find locating affordable Kia Soul insurance rates in Fort Wayne is more work than they thought.
Unbelievably, almost 70% of insureds have remained with the same insurance company for a minimum of four years, and almost half have never quoted insurance rates at all. Many consumers in Indiana could cut their rates by 55% a year by just shopping around, but they think it’s difficult to compare rate quotes online.
Save Money with These Tips
When buying car insurance it’s important to understand some of the things that come into play when calculating your car insurance rates. When consumers understand what positively or negatively impacts your premiums, this allows you to make educated decisions that will entitle you to much lower annual insurance costs.
The list below includes a partial list of the pieces car insurance companies consider when setting your prices.
Females pay lower rates – The statistics show that women are safer drivers than men. That doesn’t necessarily mean that males are worse at driving than females. Females and males cause at-fault accidents in similar percentages, but the males tend to have more serious accidents. Not only that, but men also get higher numbers of serious violations such as driving while intoxicated (DWI) or driving recklessly.
The example below shows the difference between Kia Soul yearly insurance costs for male and female drivers. The costs are based on no violations or claims, comprehensive and collision coverage, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
Where you live plays a part – Living in a small town can be a good thing when insuring your vehicles. Fewer drivers means a lower chance of having an accident in addition to fewer liability claims. City drivers regularly have more road rage incidents and more severe claims. Longer commute distances means more chances of being involved in an auto accident.
More than one policy can earn a discount – The majority of car insurance companies give lower prices to clients that have more than one policy, otherwise known as a multi-policy discount. Even if you already get this discount, you still need to comparison shop to help ensure you have the lowest rates. You may still save money by insuring with multiple companies.
Obey driving laws and save – Careful drivers get better rates than bad drivers. Getting just one ticket could increase your next policy renewal by twenty percent. Drivers who have multiple violations such as DWI, reckless driving or hit and run convictions might be required by their state to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to continue driving.
The illustration below highlights how traffic violations and accidents can impact Kia Soul annual premium costs for different age groups of insureds. The premiums are based on a married male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.
Do you need those add-on coverages? – There are a ton of extra add-on coverages that you can get tricked into buying but may not be useful. Insurance for things like rental car reimbursement, towing, and extra life insurance coverage are probably not needed. You may think they are a good idea when talking to your agent, but now you might not need them so eliminate them to save money.
Insurance losses for a Kia Soul – Car insurance companies factor in historical loss data in order to profitably underwrite each model. Vehicles that tend to have high amounts or severity of claims will have higher rates.
The data below shows the insurance loss data for Kia Soul vehicles. For each policy coverage type, the statistical loss for all vehicles averaged together is a value of 100. Values that are 100 or less mean the vehicle has better than average losses, while values that are above 100 point to more claims or a tendency for claims to be larger.
| Specific Kia Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Kia Soul | 89 | 98 | 84 | 138 | 138 | 118 |
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
To find low cost Fort Wayne auto insurance quotes, there are several ways of comparing rates from many car insurance companies in Indiana. One of the best ways to lower the rate you pay for Kia Soul insurance is to get quotes online. When comparison shopping, comparing all the rates in your area increases the chance that you will find a lower rate than you’re paying now.
The following companies offer free rate quotes in Fort Wayne, IN. If multiple companies are listed, we suggest you compare several of them to find the lowest car insurance rates.
Data for Kia Soul insurance
The price information below outlines a range of insurance costs for Kia Soul models. Having a good grasp of how auto insurance premiums are established can aid in making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Soul | $236 | $502 | $340 | $20 | $102 | $1,200 | $100 |
| Soul Plus | $236 | $502 | $340 | $20 | $102 | $1,200 | $100 |
| Soul Exclaim | $268 | $502 | $340 | $20 | $102 | $1,232 | $103 |
| Soul Sport | $268 | $502 | $340 | $20 | $102 | $1,232 | $103 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Information does not factor in specific location information which can influence premiums considerably.
Raise deductibles and save
A question often asked by Fort Wayne drivers is which deductible level should you buy. The premium rates below summarize how much more you’ll pay between low and high comp and collision deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Soul | $216 | $366 | $280 | $16 | $84 | $987 | $82 |
| Soul Plus | $216 | $366 | $280 | $16 | $84 | $987 | $82 |
| Soul Exclaim | $244 | $366 | $280 | $16 | $84 | $1,015 | $85 |
| Soul Sport | $244 | $366 | $280 | $16 | $84 | $1,015 | $85 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Soul | $176 | $294 | $280 | $16 | $84 | $850 | $71 |
| Soul Plus | $176 | $294 | $280 | $16 | $84 | $850 | $71 |
| Soul Exclaim | $200 | $294 | $280 | $16 | $84 | $874 | $73 |
| Soul Sport | $200 | $294 | $280 | $16 | $84 | $874 | $73 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rates do not factor in specific garaging location which can decrease or increase coverage rates significantly.
Based on this data, using a $250 deductible will cost you roughly $12 more each month or $144 for a full year than choosing the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to average at least 21 months between claim filings, you would come out ahead if you choose a higher deductible.
Full coverage versus liability-only
The chart below illustrates the difference between Kia Soul insurance costs with full physical damage coverage and with liability coverage only. The rate quotes are based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are applied.
Should you be buying full coverage?
There is no clear-cut formula of when to stop paying for physical damage coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s pretend your Kia Soul book value is $9,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $8,000 after paying the physical damage deductible. If you are currently paying more than $800 annually for comprehensive and collision coverage, then it could be time to drop full coverage.
There are a few situations where buying only liability insurance is not a good idea. If you haven’t satisfied your loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not buy liability only.
Protect your Kia vehicle and other assets
Despite the high cost, insuring your vehicle is most likely required but also gives you several important benefits.
- Most states have compulsory liability insurance requirements which means the state requires a specific minimum amount of liability insurance coverage in order to get the vehicle licensed. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your Kia with a loan, most banks will stipulate that you have physical damage coverage to protect their interest in the vehicle. If you do not keep the policy in force, the bank may buy a policy for your Kia for a much higher rate and require you to reimburse them much more than you were paying before.
- Insurance preserves not only your Kia Soul but also your assets. It will also pay for medical bills incurred in an accident. Liability insurance, one of your policy coverages, also covers legal expenses if you are sued as the result of your driving. If your Kia gets damaged, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.
The benefits of insuring your car definitely exceed the price paid, particularly if you ever have a claim. According to a recent study, the average American driver is currently overpaying as much as $855 a year so you should quote rates at every renewal to help ensure money is not being wasted.
Do you qualify for discounts?
The price of auto insurance can be rather high, but there could be significant discounts that could help you make your next renewal payment. Certain discounts will be applied when you purchase, but less common discounts must be requested specifically before you will receive the discount.
- No Claims – Insureds who avoid accidents and claims pay less in comparison with frequent claim filers.
- Save over 55 – Mature drivers are able to get a discount up to 10%.
- Theft Prevention System – Cars equipped with anti-theft or alarm systems are less likely to be stolen so companies will give you a small discount.
- Telematics Discount – Policyholders that allow data collection to spy on driving habits by using a small device installed in their vehicle such as State Farm’s In-Drive could see a rate decrease if they exhibit good driving behavior.
- Responsible Drivers – Insureds who avoid accidents may save up to 50% more than drivers with accident claims.
Just know that most discounts do not apply to the entire cost. Most only cut the price of certain insurance coverages like liability and collision coverage. Even though it appears you would end up receiving a 100% discount, you’re out of luck.
The information below compares Kia Soul yearly insurance costs with and without discounts applied to the policy premium. The rates are based on a female driver, no accidents or driving violations, Indiana state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, multi-car, homeowner, claim-free, and multi-policy discounts applied.
Larger auto insurance companies and some of the discounts can be read below.
- Progressive includes discounts for online quote discount, online signing, continuous coverage, multi-vehicle, good student, multi-policy, and homeowner.
- Farmers Insurance offers discounts including youthful driver, business and professional, mature driver, homeowner, and early shopping.
- Farm Bureau may offer discounts for multi-policy, good student, renewal discount, 55 and retired, safe driver, driver training, and youthful driver.
- State Farm may include discounts for good student, Steer Clear safe driver discount, accident-free, defensive driving training, safe vehicle, and multiple autos.
- GEICO discounts include seat belt use, membership and employees, five-year accident-free, air bags, federal employee, and anti-lock brakes.
- SAFECO has discounts for anti-theft, anti-lock brakes, teen safety rewards, bundle discounts, and teen safe driver.
- Liberty Mutual may have discounts that include exclusive group savings, new graduate, newly retired, multi-car, and good student.
Before buying, ask all companies you are considering what discounts are available to you. Savings might not be offered on policies in your state.
Car insurance agents near you
Some consumers would prefer to go talk to an agent and that is a personal choice. A good thing about comparing auto insurance online is that you can obtain cheap auto insurance quotes but also keep your business local.
To find an agent, once you fill out this quick form, your coverage information is submitted to participating agents in Fort Wayne who will gladly provide quotes for your insurance coverage. It’s much easier because you don’t need to visit any agencies because prices are sent to you directly. Get lower rates without the usual hassles of price shopping. In the event you want to get a comparison quote from a specific insurance company, just navigate to their website and fill out their quote form.
Picking the best insurance company shouldn’t rely on just the bottom line cost. The questions below may impact your decision as well.
- How much experience to they have in personal lines coverages?
- What discounts might you be missing?
- Is insurance their full-time profession?
- Will the company cover a rental car if your car is getting fixed?
- By raising physical damage deductibles, how much would you save?
- How often do they review policy coverages?
- Does the agency have a positive business rating?
The difference between Fort Wayne car insurance agents
When looking for a local agent, there are a couple of types of insurance agents and how they operate. Auto insurance policy providers are classified as either independent or exclusive.
Exclusive Insurance Agents
These agents normally can only provide a single company’s rates and examples are Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot provide other company’s prices so they are skilled at selling on more than just price. Exclusive agents are well schooled on sales techniques which can be an advantage. Consumers frequently purchase coverage from exclusives primarily because of the brand rather than having low rates.
Listed below is a list of exclusive agents in Fort Wayne that can give you price quotes.
- Allstate Insurance: Paul Michaylo
2416 Getz Rd – Fort Wayne, IN 46804 – (260) 459-1700 – View Map - Terry Anderson – State Farm Insurance Agent
5668 St Joe Rd – Fort Wayne, IN 46835 – (260) 486-8663 – View Map - Allstate Insurance: Kevin Gwozdz
5721 Covington Rd – Fort Wayne, IN 46804 – (260) 436-2866 – View Map
Independent Agents (or Brokers)
Independent insurance agents do not sell for just one brand and that is an advantage because they can write policies with an assortment of companies and help determine which has the cheapest rates. 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. If you are trying to find cheaper rates, it’s recommended you contact several independent insurance agents to ensure the widest selection of prices. Many can place coverage with companies that do not advertise much that can offer cheaper rates than bigger companies.
Shown below are independent agencies in Fort Wayne willing to provide rate quotes.
- Synergy Financial Group
9326 Coldwater Rd – Fort Wayne, IN 46825 – (260) 490-8822 – View Map - GMI Insurance
6110 Bluffton Rd #110 – Fort Wayne, IN 46809 – (260) 478-9405 – View Map - Hoch Insurance Inc
209 E Washington Center Rd – Fort Wayne, IN 46825 – (260) 471-7555 – View Map
If you get acceptable answers as well as an affordable premium quote, it’s a good possibility that you have found a car insurance agent that can be trusted to insure your vehicles. Just remember once you purchase a policy you can terminate your policy whenever you wish so never assume that you are permanently stuck with your new company for a certain time period.
When to get professional advice
Always keep in mind that when comparing the best auto insurance coverage for your personal vehicles, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that.
For instance, these questions can aid in determining if you would benefit from professional advice.
- What is no-fault insurance?
- Does my policy cover my teen driver if they drive my company car?
- What does PIP insurance cover?
- What is the rate difference between pleasure use and commuting?
- Am I covered if hit by an uninsured driver?
- Why am I be forced to buy a membership to get insurance from some companies?
- Are my friends covered when driving my car?
If you’re not sure about those questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.
How much can you save?
You just learned many ideas to compare Kia Soul insurance car insurance rates in Fort Wayne. It’s most important to understand that the more rate quotes you have, the better likelihood of getting affordable Fort Wayne auto insurance quotes. Consumers could even find that the lowest car insurance rates are with a smaller regional carrier. They may have significantly lower premium rates on certain market segments compared to the large companies like Allstate or State Farm.
Low-cost Kia Soul insurance in Fort Wayne can be found online and from local insurance agents, so you should compare both in order to have the best price selection to choose from. Some insurance providers may not have the ability to get quotes online and these smaller companies provide coverage only through independent agents.
Steps to finding low-cost Kia Soul insurance in Fort Wayne
It takes a few minutes, but the best way to save on Kia Soul insurance is to make a habit of regularly comparing prices from companies who can sell car insurance in Fort Wayne.
Step 1: Try to understand the different coverages in a policy and the things you can control to keep rates down. Many policy risk factors that drive up the price like traffic tickets, fender benders, and a not-so-good credit rating can be amended by making small lifestyle or driving habit changes.
Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from a single company like GEICO or Farmers Insurance, while agents who are independent can quote prices from multiple insurance companies. Compare rates now
Step 3: Compare the quotes to your current policy and determine if there is any savings. If you find a lower rate and switch companies, make sure there is no lapse in coverage.
Step 4: Give proper notification to your current agent or company of your decision to cancel your current coverage. Submit a completed application and payment to the new insurer. Once coverage is bound, place the new certificate of insurance with your registration paperwork.
A good tip to remember is to compare similar limits and deductibles on each quote and and to get rates from as many different companies as possible. This helps ensure an apples-to-apples comparison and the best price selection.
Even more information can be read by following these links:
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Who Has Affordable Auto Insurance Quotes for Good Drivers in Fort Wayne? (FAQ)
- Who Has Cheap Car Insurance Quotes for Homeowners in Fort Wayne? (FAQ)
- Who Has Cheap Auto Insurance for Hybrid Vehicles in Fort Wayne? (FAQ)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- Frontal Crash Tests (iihs.org)
- Booster Seat Ratings (iihs.org)
- Auto Insurance Learning Center (State Farm)