Do you need a fast way to compare more competitive insurance rates in Toledo, OH? Toledo drivers have options when trying to find low-cost Kia Soul insurance. You can either waste hours driving around to get rate comparisons or leverage the internet to make rate comparisons.
There are both good and bad ways to compare insurance rates and you need to know the absolute fastest way to quote coverages for a new or used Kia and get the cheapest rates either online or from Toledo insurance agents.
A recent NerdWallet.com study revealed that nearly 70% of consumers have remained with the same insurance company for four years or more, and approximately 40% of consumers have never shopped around. Ohio drivers can save nearly $730 each year by just shopping around, but they don’t want to take the time to find cheaper insurance by shopping around.
Smart consumers take time to compare premium rates periodically due to the fact that insurance prices change quite often. If you had the lowest rate on Kia Soul insurance in Toledo on your last policy you can probably find a lower rate today. Forget anything you know (or think you know) about insurance because you’re going to get a crash course in the best methods to lower your annual insurance bill.
If you have a current car insurance policy or are just looking to switch companies, use these tips to buy cheaper car insurance without having to cut coverage. These tips will introduce you to the best ways to compare prices and also save some money in the process Comparison shoppers just need to learn the best way to shop instantly.
Getting a low cost price on Kia Soul insurance can be relatively painless. You just need to invest a few minutes to compare rate quotes from online providers.
The following companies can provide price comparisons in Ohio. If you wish to find cheap auto insurance in OH, we suggest you click on several of them to find the lowest car insurance rates.
Toledo car insurance discounts
Car insurance is easily one of your largest bills, but you may find discounts that can help lower your rates. A few discounts will automatically apply when you purchase, but some need to be requested specifically in order for you to get them. If you’re not getting every credit you deserve, you could be getting lower rates.
- Smart Student Discounts – Maintaining excellent grades can earn a discount of 20% or more. Many companies even apply the discount to college students up until you turn 25.
- Organization Discounts – Belonging to certain professional organizations is a simple method to lower premiums on your policy.
- No Claim Discounts – Insureds with no claims or accidents pay much less when compared to insureds who have frequent claims or accidents.
- Low Mileage – Driving fewer miles could be rewarded with cheaper prices.
- Senior Citizens – If you qualify as a senior citizen, you can get reduced rates.
- Government Employees – Active or former government employment can earn a discount up to 10% with a few car insurance companies.
It’s important to note that most discount credits are not given to the entire policy premium. Some only reduce the cost of specific coverages such as comprehensive or collision. Even though the math looks like having all the discounts means you get insurance for free, car insurance companies aren’t that generous. Any amount of discount will cut the premium cost.
The illustration below shows the difference between Kia Soul premium costs with and without policy discounts. The price estimates are based on a male driver, a clean driving record, no at-fault accidents, Ohio state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, multi-policy, homeowner, marriage, and claim-free discounts applied.
Large car insurance companies and some of the discounts can be read below.
- GEICO offers discounts including seat belt use, anti-lock brakes, daytime running lights, federal employee, multi-vehicle, and air bags.
- Auto-Owners Insurance includes discounts for air bags, good student, mature driver, paid in full, and multi-policy.
- American Family has savings for Steer into Savings, accident-free, multi-vehicle, defensive driver, air bags, and bundled insurance.
- Esurance has discounts for Switch & Save, renters, homeowner, good driver, anti-theft, and anti-lock brakes.
- Progressive discounts include continuous coverage, homeowner, online signing, online quote discount, and good student.
- State Farm offers discounts for multiple autos, student away at school, good student, safe vehicle, and driver’s education.
- AAA offers premium reductions for multi-car, pay-in-full, good driver, multi-policy, anti-theft, and AAA membership discount.
When quoting, ask every prospective company which discounts you qualify for. Savings might not be offered in your state. To locate insurers that offer many of these discounts in Toledo, follow this link.
Kia Soul detailed coverage information
The rate information shown next outlines a range of rate quotes for Kia Soul models. Knowing how premiums are formulated can help drivers make informed decisions when comparing rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Price information does not factor in specific Toledo garaging location which can impact rates considerably.
Cost difference between full coverage and liability
The chart below shows the comparison of Kia Soul car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. The data assumes no accidents, no driving violations, $500 deductibles, drivers are single, and no additional discounts are factored in.
Are you wasting money paying for full coverage?
There isn’t a steadfast formula of when to exclude physical damage insurance, but there is a general guideline you can use. If the annual cost of your full coverage insurance is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say 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 paying your deductible. If you are currently paying more than $400 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are some circumstances where dropping full coverage is not a good idea. If you still have a lienholder on your title, you have to maintain full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not buy liability only.
Should I contact an insurance agency?
Some consumers would rather get professional advice from a licensed agent and doing that can be a smart decision Professional insurance agents can answer important questions and help file insurance claims. A nice benefit of getting online price quotes is that drivers can save money and get better rates and still have an agent to talk to. Putting coverage with small agencies is important especially in Toledo.
To find an agent, once you fill out this short form, the coverage information is instantly submitted to companies in Toledo who will gladly provide quotes for your insurance coverage. There is no reason to drive around because prices are sent to you. In the event you want to get a rate quote for a specific company, just jump over to their website and submit a quote form there.
Deciding on a insurance company requires you to look at more than just the premium amount. Any agent in Toledo should be willing to answer these questions.
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Who are their largest clients?
- Will they make sure you get an adequate claim settlement?
- If your car is totaled, how to they determine the replacement cost?
- Are there any extra charges for paying monthly?
- Which companies can they place coverage with?
How much auto insurance do I need?
When selecting coverage for your vehicles, there really isn’t a single plan that fits everyone. Your needs are not the same as everyone else’s.
For instance, these questions could help you determine if your insurance needs may require specific advice.
- Does my liability insurance cover pulling a trailer or camper?
- What is no-fault insurance?
- Should I sign the liability waiver when renting a car?
- What companies insure drivers after a DUI or DWI?
- Can my teen drive my company car?
- What does medical payments cover?
- I have good health insurance, so how much medical payments coverage do I need?
- Which companies will insure me after a DUI?
- Do I need to call my car insurance company before buying a new car?
- If I drive on a suspended license am I covered?
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and may give you better protection.
Car insurance is an important decision
Despite the fact that car insurance is not cheap in Toledo, buying car insurance serves a purpose in several ways.
First, almost all states have mandatory insurance requirements which means you are required to carry specific limits of liability insurance in order to license the vehicle. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a loan on your Soul, almost all lenders will make it a condition of the loan that you have insurance to guarantee payment of the loan. If coverage lapses or is canceled, the bank will be required to insure your Kia at a more expensive rate and force you to reimburse them for it.
Third, car insurance preserves both your Kia Soul and your personal assets. Insurance will pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of insuring your car outweigh the cost, especially if you ever need it. Today the average American driver is currently overpaying as much as $800 each year so it’s very important to do a rate comparison each time the policy renews to be sure current rates are still competitive.
Coverages available on your car insurance policy
Learning about specific coverages of your policy can help you determine the best coverages and proper limits and deductibles. Car insurance terms can be difficult to understand and coverage can change by endorsement.
Comprehensive auto coverage
This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like a broken windshield, damage from getting keyed and a tree branch falling on your vehicle. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Liability car insurance
Liability insurance protects you from damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/25 which means a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage pays for things like medical expenses, funeral expenses and bail bonds. How much coverage you buy is your choice, but you should buy as large an amount as possible. Ohio state law requires minimum liability limits of 25/50/25 but you should think about purchasing more coverage.
The chart below shows why minimum state limits may not be high enough to adequately cover claims.
Coverage for collisions
Collision coverage pays to fix your vehicle from damage from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims such as sideswiping another vehicle, rolling your car, hitting a parking meter, colliding with a tree and scraping a guard rail. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to raise the deductible on your Soul in order to get cheaper collision rates.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Kia Soul.
Since a lot of drivers only purchase the least amount of liability that is required (Ohio limits are 25/50/25), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Frequently the UM/UIM limits are similar to your liability insurance amounts.
Medical payments and PIP coverage
Med pay and PIP coverage pay for immediate expenses for things like rehabilitation expenses, EMT expenses, hospital visits and funeral costs. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
Affordable insurance rates are out there
Insureds change insurance companies for any number of reasons including lack of trust in their agent, not issuing a premium refund, policy cancellation and even denial of a claim. Regardless of your reason, finding a great new company is not as hard as you think.
Throughout this article, we presented a lot of information how to shop for Kia Soul insurance online. It’s most important to understand that the more providers you compare, the higher your chance of finding affordable Toledo auto insurance quotes. You may even find the lowest priced insurance comes from a small local company.
Lower-priced insurance in Toledo is definitely available both online as well as from insurance agents, and you need to comparison shop both so you have a total pricing picture. Some insurance companies may not offer price quotes online and many times these smaller companies work with independent insurance agencies.
How to save on Kia Soul insurance in Toledo
If your goal is the lowest price, then the best way to get discount car insurance rates is to begin comparing prices regularly from companies who sell insurance in Toledo. Price quotes can be compared by following these guidelines.
First, try to learn about how companies price auto insurance and the measures you can take to lower rates. Many policy risk factors that cause rate increases like your driving record and your credit history can be controlled by making lifestyle changes or driving safer.
Second, request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from a single company like GEICO or Allstate, while independent agencies can provide prices for a wide range of insurance providers.
Third, compare the new rates to your current policy to see if you can save by switching companies. 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.
Fourth, notify your current company of your intention to cancel your current auto insurance policy and submit the completed application along with a down payment for your new policy. As soon as you receive it, place the new certificate verifying proof of insurance in your glove compartment.
The most important part of shopping around is to make sure you’re comparing the same deductibles and limits on every quote and and to get price quotes from as many different insurance providers as possible. This provides a level playing field and a better comparison of the market.
To read more, feel free to visit the articles below:
- Child Safety FAQ (iihs.org)
- Who Has Cheap Toledo Auto Insurance for Real Estate Agents? (FAQ)
- What Auto Insurance is Cheapest for a Hyundai Elantra in Toledo? (FAQ)
- Who Has Affordable Toledo Auto Insurance for High School Students? (FAQ)
- How Much are Auto Insurance Quotes for a School Permit in Toledo? (FAQ)
- Who Has the Cheapest Toledo Car Insurance Rates for Drivers Requiring a SR22? (FAQ)
- How Much is Auto Insurance for a Subaru Outback in Toledo? (FAQ)
- Think You’re a Safe Driver? (State Farm)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)