Compare Kia Soul Insurance Rates in Newark

Regrettably, nearly 70% of New Jersey drivers kept buying from the same company for at least four years, and just under half have never compared quotes from other companies. American consumers could save almost 46.5% each year by just comparing rate quotes, but they won’t spend time to compare rate quotes.

The easiest way to find affordable Kia Soul insurance is to compare prices annually from insurers in Newark. Prices can be compared by completing these steps.

1. Try to comprehend how auto insurance works and the things you can control to prevent expensive coverage. Many rating criteria that are responsible for high rates such as traffic tickets, fender benders, and a low credit score can be rectified by making minor driving habit or lifestyle changes.
2. Compare rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only provide price estimates from one company like Progressive or State Farm, while independent agents can quote rates from multiple sources. Compare rates now
3. Compare the new rates to your existing policy and see if you can save money. If you find a better price, make sure there is no coverage gap between policies.
4. Give notification to your current company to cancel your current auto insurance policy and submit a down payment and signed policy application to the new insurer. As soon as coverage is bound, store the proof of insurance certificate with the vehicle registration.

One thing to remember is to use the same coverage limits and deductibles on every price quote and and to get price quotes from every company you can. This guarantees a fair price comparison and many rates to choose from.

Companies offering Kia Soul insurance in Newark

The companies shown below are our best choices to provide price comparisons in New Jersey. To get the cheapest car insurance in Newark, we recommend you visit several of them to get the cheapest price.

Kia Soul detailed coverage information

The table displayed next covers estimates of insurance policy prices for Kia Soul models. Being aware of how car insurance premiums are formulated helps drivers make decisions on the best policy coverages.

Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Price estimates do not factor in the specific area where the vehicle is garaged which can increase or decrease premiums substantially.

Analysis of deductible levels

When comparing insurance rates, the most common question is where to set your physical damage deductibles. The figures shown below show the price difference between high and low coverage deductibles. The first set of prices uses a $100 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Rate quotes do not factor in specific location which can revise rates noticeably.

Using the data above, we can ascertain that using a $100 deductible will cost you about $47 more each month or $564 for a full year than opting for the higher $1,000 deductible. Because you would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 19 months between claim filings, you would probably be better off if you elect the higher deductible. The table below shows how you can come to your own conclusion.

One thing to note is that raising deductibles to save money means you will have to pay more of your own money when you do file a claim. That will necessitate some extra savings in the event you have to pay the deductible.

The diagram below demonstrates how choosing different deductibles and can change Kia Soul insurance costs for different insured age categories. Data assumes a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Insurance rates by age and gender in Newark

The chart below visualizes the comparison of Kia Soul insurance costs for male and female drivers. The data is based on no claims, a clean driving record, comprehensive and collision coverage, $100 deductibles, single status, and no additional discounts are factored in.

Should you buy full coverage?

The information below visualizes the comparison of Kia Soul insurance prices when comparing full coverage to liability only. The premiums assume no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no other discounts are factored in.

Guidelines for eliminating full coverage

There is no exact rule for phasing out comp and collision coverage, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s assume your Kia Soul settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after the deductible is paid. If you are currently paying more than $400 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are some scenarios where only buying liability is not advised. If you still have a lienholder on your title, you have to maintain full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not remove full coverage.

Affordable rates on Kia Soul insurance in Newark with these ten car insurance discounts

Some companies don’t always publicize every discount they offer very clearly, so we researched a few of the more well known and the harder-to-find credits that you can use to lower your rates.

• Discounts for New Vehicles – Putting coverage on a new Soul may earn a small discount since new vehicles have better safety ratings.
• Senior Discount – Drivers over the age of 55 are able to get better car insurance rates.
• Resident Student – Kids living away from Newark attending college and don’t have a car could qualify for this discount.
• Data Collection Discounts – Newark drivers who agree to allow their car insurance company to look at driving habits through the use of a telematics system like Allstate’s Drivewise might see lower rates if they show good driving skills.
• Discounts for Responsible Drivers – Insureds who avoid accidents can pay as much as 50% less compared to rates paid by drivers with frequent claims.
• Paperwork-free – A few larger companies will give a small break get Newark auto insurance on your computer.
• Drivers Ed for Students – Cut your cost by having your teen driver enroll and complete driver’s education if it’s offered in school.
• Active Military Service – Being on active deployment in the military may lower your car insurance rates slightly.
• Discount for Swiching Early – A few car insurance companies offer discounts for renewing your policy prior to your current Soul insurance policy expiration. Ten percent is about the average savings.
• Good Students Pay Less – Being a good student can earn a discount of 20% or more. Most companies allow this discount until age 25.

Don’t be surprised that some credits don’t apply to all coverage premiums. Most cut individual premiums such as comprehensive or collision. So even though it sounds like you could get a free car insurance policy, company stockholders wouldn’t be very happy.

The information below visualizes the comparison of Kia Soul auto insurance rates with and without discounts being applied to the rates. The rates are based on a female driver, no claims, a clean driving record, New Jersey state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, multi-car, marriage, claim-free, and safe-driver discounts applied.

Popular car insurance companies and their offered discounts are outlined below.

• The Hartford discounts include vehicle fuel type, anti-theft, air bag, good student, and defensive driver.
• American Family offers discounts including mySafetyValet, early bird, multi-vehicle, good student, and accident-free.
• Progressive has discounts for multi-vehicle, good student, online quote discount, continuous coverage, multi-policy, online signing, and homeowner.
• Travelers may have discounts that include continuous insurance, new car, multi-car, early quote, payment discounts, good student, and student away at school.
• Farmers Insurance may offer discounts for multi-car, alternative fuel, early shopping, teen driver, homeowner, mature driver, and switch companies.
• USAA may include discounts for good student, annual mileage, defensive driver, family discount, and multi-vehicle.
• Liberty Mutual includes discounts for newly retired, multi-car, new graduate, new move discount, hybrid vehicle, and newly married.

Before you buy a policy, ask each company or agent how you can save money. Some discounts might not apply in Newark.

Comparing prices from local Newark car insurance agents

A small number of people just prefer to sit down with an agent and that is OK! One of the great benefits of getting free rate quotes online is that drivers can save money and get the lowest rates and also buy local. And supporting local insurance agents is still important in Newark.

After filling out this form (opens in new window), the quote information is transmitted to companies in Newark that provide free Newark auto insurance quotes to get your business. It’s much easier because you don’t need to leave your computer as quotes are delivered to you. You’ll get the best rates and a licensed agent to talk to. If you want to compare prices from a specific car insurance provider, you just need to jump over to their website and submit a quote form there.

Types of car insurance agents

When searching for a local Newark insurance agent, it helps to know the two types of insurance agents that you can choose from. Car insurance agents can be classified as either exclusive agents or independent agents.

Independent Agents

These type of agents are appointed with more than one company and that enables them to quote your coverage with multiple insurance companies and get you the best rates possible. If your premiums go up, your agent can just switch to a different company and the insured can keep the same agent. When comparing car insurance prices, you should always compare quotes from several independent insurance agents in order to have the best price comparison.

Below is a short list of independent insurance agents in Newark who may provide comparison quotes.

More insurance agents

Exclusive Insurance Agents

These type of agents generally can only insure with one company and some examples include Farmers Insurance, American Family, State Farm and Allstate. Exclusive agencies are unable to place coverage with different providers so you might not find the best rates. Exclusive agencies receive a lot of sales training in insurance sales and that can be a competitive advantage.

Listed below are Newark exclusive insurance agents that are able to give price quotes.

More insurance agents

Picking the best insurance agent requires more thought than just the price. The questions below may impact your decision as well.

• Is vehicle damage repaired with OEM or aftermarket parts?
• Do they review policy coverages at every renewal?
• How much can you save by raising your physical damage deductibles?
• Are claims handled at the agent’s location?
• Is the agency active in community causes in Newark?
• How experienced are they in personal risk management?

Once you have positive feedback for all questions you ask and an acceptable price quote, you may have found an insurance agent that meets the criteria to provide car insurance coverage. Just be aware that you are able to cancel a policy at any point so never feel you are locked into any specific company for the full term.

It’s not one size fits all

When it comes to buying adequate coverage for your personal vehicles, there really is no “perfect” insurance plan. Everyone’s situation is a little different.

Here are some questions about coverages that may help highlight whether your personal situation might need an agent’s assistance.

• Am I insured when driving a different vehicle?
• Should I buy full coverage?
• Why does it cost so much to insure a teen driver in Newark?
• When should I not buy collision coverage?
• Are my custom wheels covered?
• Do I need special endorsements for business use of my vehicle?
• Is there coverage for my trailer?
• Does my Kia Soul qualify for pleasure use?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form.

Car insurance coverages for a Kia Soul

Understanding the coverages of auto insurance can be of help when determining the right coverages and proper limits and deductibles. Auto insurance terms can be difficult to understand and reading a policy is terribly boring.

Collision coverage protection

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like hitting a mailbox, crashing into a ditch and crashing into a building. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible on your Soul in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many New Jersey drivers have only the minimum liability required by law (15/30/5), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Auto liability insurance

Liability coverage provides protection from damage or injury you incur to other people or property by causing an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 15/30/5 that means you have $15,000 in coverage for each person’s injuries, a limit of $30,000 in injury protection per accident, and a total limit of $5,000 for damage to vehicles and property. Some companies may use a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things such as bail bonds, medical services and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible. New Jersey requires minimum liability limits of 15/30/5 but drivers should carry better liability coverage.

The chart below shows why buying low liability limits may not be enough coverage.

Comprehensive insurance

This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as hitting a bird, vandalism, rock chips in glass, hitting a deer and a tree branch falling on your vehicle. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for immediate expenses for surgery, hospital visits, X-ray expenses and nursing services. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Do the work, save more money

Drivers change insurance companies for many reasons like high prices, poor customer service, high rates after DUI convictions or even being labeled a high risk driver. No matter why you want to switch, finding a new company is less work than it seems.

When buying insurance coverage, you should never buy poor coverage just to save money. In too many instances, an accident victim reduced uninsured motorist or liability limits and learned later that it was a big mistake. Your aim should be to buy enough coverage at the best cost, not the least amount of coverage.

The cheapest Kia Soul insurance in Newark can be found from both online companies and also from your neighborhood Newark agents, so you should compare both to have the best chance of lowering rates. Some auto insurance companies don’t offer online price quotes and usually these regional insurance providers work with independent insurance agencies.

For more information, feel free to visit these articles:

• How to shop for a safer car (Insurance Institute for Highway Safety)
• Who Has Affordable Newark Auto Insurance Quotes for Hybrid Vehicles? (FAQ)
• Who Has Cheap Auto Insurance Quotes for a Dodge Journey in Newark? (FAQ)
• What Auto Insurance is Cheapest for Used Cars in Newark? (FAQ)
• Who Has the Cheapest Newark Car Insurance Rates for Welfare Recipients? (FAQ)
• Who Has the Cheapest Newark Car Insurance Rates for a Subaru Impreza? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for 4×4 Vehicles in Newark? (FAQ)
• Who Has Affordable Auto Insurance for State Employees in Newark? (FAQ)
• A Tree Fell on Your Car: Now What? (Allstate)
• Booster Seat Ratings (iihs.org)
• Prepare your Teens for Safe Driving (InsureUonline.org)