Nobody I know likes paying for insurance, particularly when the cost is way too high.
Unfortunately, a large majority of drivers have purchased from the same company for a minimum of four years, and approximately 38% of consumers have never compared rates with other companies. Tacoma insurance shoppers could save an average of $400 each year by just shopping around, but most just don't grasp the amount of money they would save if they switched to a cheaper policy.
Drivers have so many car insurance companies to choose from, and though it is a good thing to have multiple companies, it can be more challenging to compare rates and cut insurance costs.
Consumers should take time to compare premium rates at least once a year due to the fact that insurance prices change quite often. Despite the fact that you may have had the best price on Kia Soul insurance in Tacoma a year ago you will most likely find a better rate quote today. Don't believe everything you read about Soul insurance on the internet, but you can learn some good information on how to lower your insurance premiums.
Finding affordable insurance coverage in Tacoma can be made easier if you know where to look. In a nutshell, each driver who compares rates for insurance will probably be able to find better rates. But Washington car owners can benefit from knowing the methods companies use to price insurance differently because it can help you find the best coverage.
The Kia Soul Insurance Price Equation
Part of the auto insurance buying process is learning some of the things that come into play when calculating your auto insurance rates. If you know what impacts premium levels, this helps enable you to make changes that will entitle you to cheaper rates. Lots of things are used in the calculation when you get your auto insurance bill. Some of the criteria are obvious like your driving record, but other factors are less obvious such as whether you are married and annual miles driven.
Shown below are a partial list of the pieces auto insurance companies consider when setting your premiums.
Better rates with anti-theft devices - Driving a car with advanced anti-theft systems can save you a little every year. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft.
Extra policy coverages push up premiums - There are many extra bells and whistles that you can buy if you aren't diligent. Coverages for vanishing deductibles, accidental death, and membership fees are examples of these. These may sound like a good investment when discussing your needs, but if you've never needed them in the past consider taking them off your policy.
Higher coverage deductibles cost less - Your deductibles are the amount of money you are willing to pay before a claim is paid by your company. Insurance for physical damage to your car, also called comprehensive and collision insurance, protects your car from damage. Examples of some claims that would be covered could be collision with another vehicle, damage from fire, and damage caused by road hazards. The larger the amount you are required to pay out-of-pocket, the better rate you will receive.
Driver age impacts rates - Older drivers are viewed as being more responsible, tend to file fewer claims, and are generally more financially stable.Inexperience drivers are known to be careless and easily distracted with other occupants in the car so auto insurance rates are higher.
Responsible drivers pay the best premiums - Good drivers pay less for auto insurance than people who have multiple driving citations. Just one speeding ticket can bump up the cost by as much as twenty percent. Drivers who get careless citations such as reckless driving, hit and run or driving under the influence may need to complete a SR-22 with their state in order to prevent their license from being revoked.
Responsible credit scores equal low rates - Having a good credit history factor in determining what you pay for auto insurance. Drivers with high credit ratings tend to file fewer claims than drivers who have worse credit. If your credit rating is lower than you'd like, you could save money insuring your Kia Soul by improving your credit score.
Prices impacted by vehicle usage - The more you drive your Kia each year the more you'll pay to insure your vehicle. A lot of insurance companies calculate rates based on how the vehicle is used. Vehicles that are left in the garage get more affordable rates compared to those used for work or business. An improperly rated Soul can result in significantly higher rates. Verify your vehicle rating properly reflects the correct usage for each vehicle, because improper ratings can cost you money.
Kia Soul historical loss data - Car insurance companies study historical loss data when they set coverage costs for each model. Models that the data determines to have higher prevalence or dollar amount of losses will have a higher cost to insure. The table shown below demonstrates the compiled insurance loss statistics for Kia Soul vehicles.
For each coverage type, the claim probability for all vehicles compiled together is a value of 100. Numbers below 100 indicate a favorable loss history, while values that are above 100 show a trend for more claims or an increased chance of a larger loss.
Insurance Loss Ratings for Kia Soul Vehicles
|Specific Kia Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Cheapest Kia Soul insurance price quotes in Tacoma, Washington
The majority of larger companies such as State Farm, GEICO and Progressive allow you to get prices for coverage on the web. Getting Kia Soul insurance prices online is possible for anyone because you just enter your coverage preferences on the page. When complete, the quote system automatically orders information on your driving record and credit history and generates pricing information determined by many factors. This makes it simple to compare prices and it is important to perform this step in order to get cheap rates.
To find out how much you can save on insurance, compare quotes from the companies shown below. If you have your current policy handy, we recommend you duplicate coverages and limits identical to your current policy. This way, you will have a fair comparison for exact coverage.
The auto insurance companies shown below can provide price comparisons in Tacoma, WA. If several companies are displayed, we suggest you click on several of them in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Washington minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Premium amounts do not factor in specific location which can raise or lower rates considerably.
Does it make sense to buy full coverage?
The illustration below visualizes the comparison of Kia Soul auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rate quotes are based on no tickets, no at-fault accidents, $250 deductibles, single female driver, and no discounts are taken into consideration.
When to switch to liability coverage only
There is no definitive formula of when to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 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 say your Kia Soul book value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $5,000 after paying the physical damage deductible. If you are paying in excess of $500 a year to have full coverage, then you might consider buying liability only.
There are a few situations where dropping full coverage is not recommended. If you still owe a portion of the original loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not drop full coverage.
Safe drivers pay less for car insurance
The information below illustrates how traffic citations and at-fault claims drive up Kia Soul premium costs for different age categories. The data is based on a married female driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.
Insuring your vehicle just makes sense
Even though it can be expensive, insurance may not be optional for several reasons.
First, most states have minimum mandated liability insurance limits which means the state requires a specific level of liability insurance if you want to drive legally. In Washington 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.
Second, if your Soul has a lienholder, almost all lenders will have a requirement that you have insurance to protect their interest in the vehicle. If you let the policy lapse, the lender may insure your Kia at a significantly higher premium and force you to pay much more than you were paying before.
Third, insurance safeguards both your vehicle and your personal assets. Insurance will also pay for hospital and medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, will also pay attorney fees if you are sued as the result of an accident. If damage is caused by hail or an accident, your policy will pay to restore your vehicle to like-new condition.
The benefits of buying enough insurance definitely exceed the cost, especially with large liability claims. Today the average American driver overpays more than $855 a year so compare rate quotes once a year at a minimum to be sure current rates are still competitive.
Affordable rates on Kia Soul insurance in Tacoma with these discounts
Some providers don't list every disount available very clearly, so the next list breaks down some of the best known and also the lesser-known credits available to bring down your rates.
- Online Discount - A few insurance companies may give you up to $50 get Tacoma car insurance online.
- Low Mileage Discounts - Driving fewer miles could earn lower prices due to less chance of an accident.
- Save with More Vehicles Insured - Purchasing coverage when you have multiple cars with the same company may reduce the rate for each vehicle.
- Anti-theft System - Cars equipped with anti-theft or alarm systems can help prevent theft and will qualify for a discount on a Tacoma car insurance quote.
- Payment Method - By paying your entire bill at once instead of making monthly payments you can avoid monthly service charges.
- Senior Citizens - Mature drivers may be able to get a discount up to 10%.
- Air Bags and Passive Restraints - Factory options such as air bags or automatic seat belts may earn rate discounts of 25 to 30%.
Don't be surprised that many deductions do not apply to the whole policy. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. So when it seems like all those discounts means the company will pay you, it's just not the way it works. But all discounts will definitely lower your overall premium however.
A list of car insurance companies and some of the discounts can be found below.
- State Farm may include discounts for Drive Safe & Save, multiple policy, good driver, defensive driving training, multiple autos, driver's education, and safe vehicle.
- Farmers Insurance may have discounts that include youthful driver, good student, mature driver, teen driver, distant student, electronic funds transfer, and homeowner.
- GEICO has discounts for driver training, anti-lock brakes, defensive driver, air bags, and five-year accident-free.
- American Family discounts include air bags, mySafetyValet, bundled insurance, accident-free, and good student.
- Nationwide has savings for anti-theft, accident-free, defensive driving, good student, and multi-policy.
- Progressive offers premium reductions for online signing, homeowner, continuous coverage, good student, multi-policy, and multi-vehicle.
Check with every company which discounts you qualify for. Some of the earlier mentioned discounts may not be available in your state. If you would like to see a list of providers that have a full spectrum of discounts in Washington, click this link.
Local agents and insurance
A small number of people would rather get professional advice from a licensed agent and that can be a great decision A nice benefit of comparing rate quotes online is you can get the lowest rates but also keep your business local.
To make it easy to find an agent, after completing this quick form, your insurance coverage information is emailed to agents in your area that give free quotes for your business. You never need to find an agent on your own because prices are sent directly to your email. You can find lower rates without having to waste a lot of time. In the event you want to get a rate quote from a specific insurance provider, just search and find their rate quote page and complete a quote there.
Finding a good insurer requires you to look at more than just a cheap quote. These are some valid questions you should ask.
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Is the coverage adequate for your vehicle?
- Do they make recommendations based only on price?
- Do the companies they represent have a solid financial rating?
- Do they offer rental car reimbursement?
- What company holds the largest book of business for them?
- Is vehicle damage repaired with OEM or aftermarket parts?
- If your car is totalled, how to they determine the replacement cost?
Pick the best auto insurance agent in Tacoma for you
If you prefer to buy insurance from a local insurance agency, you must know there are a couple different agency structures to choose from. Insurance policy providers are considered either exclusive or independent.
These agents can usually just insure with one company and examples are Allstate, Farmers Insurance or State Farm. They usually cannot give you multiple price quotes so they have to upsell other benefits. Exclusive insurance agents receive extensive training on the products they sell which helps them compete with independent agents.
Shown below is a list of exclusive agencies in Tacoma willing to provide rate quotes.
Allstate Insurance: Larson Financial and Insurance
15 S Oregon Ave #207 - Tacoma, WA 98409 - (253) 474-1521 - View Map
Independent Insurance Agents
Agents in the independent channel do not write with just one company and that allows them to write policies with many different companies and find the cheapest insurance rates. If they find a cheaper price, the agent simply finds a different carrier and the insured can keep the same agent. When comparing insurance prices, you need to get several quotes from a couple of independent agencies to have the best price comparison.
Listed below are Tacoma independent agencies who can help you get price quotes.
9923 75th St SW - Tacoma, WA 98498 - (253) 584-9526 - View Map
Tacoma Auto Insurance Quotes
Get free rate quotes in minutes from Tacoma Insurance Agents - Tacoma, WA 98409 - (253) 330-8280 - View Map
Do I need special coverages?
When it comes to buying a policy for your vehicles, there is no "best" method to buy coverage. Your needs are not the same as everyone else's.
For instance, these questions can help discover whether you may require specific advice.
- Does my insurance cover damage caused when ticketed for reckless driving?
- Does low annual mileage earn a discount?
- Am I insured when driving a different vehicle?
- When does my teenage driver need to be added to my policy?
- Are split liability limits better than a combined single limit?
- What can I do if my company denied a claim?
- What if an uninsured driver hits me?
If you can't answer these questions but one or more may apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form.
More effort can pay off
While you're price shopping online, don't be tempted to buy poor coverage just to save money. There are a lot of situations where consumers will sacrifice comprehensive coverage or liability limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy the best coverage you can find for the lowest cost, not the least amount of coverage.
Budget-conscious Kia Soul insurance is attainable both online and also from your neighborhood Tacoma agents, and you should be comparing both in order to have the best chance of saving money. Some car insurance companies may not provide internet price quotes and usually these small, regional companies only sell coverage through independent insurance agencies.
You just learned a lot of tips how to reduce Kia Soul insurance auto insurance rates online in Tacoma. It's most important to understand that the more times you quote, the better chance you'll have of finding inexpensive Tacoma car insurance quotes. Drivers may even discover the lowest auto insurance rates come from a small local company.
More detailed car insurance information is located by following these links:
- Safe Vehicles for Teens (iihs.org)
- How Much are Auto Insurance Quotes for Drivers with Good Credit in Washington? (FAQ)
- Who Has Affordable Car Insurance Rates for a Toyota Tacoma in Washington? (FAQ)
- How Much are Auto Insurance Quotes for Inexperienced Drivers in Washington? (FAQ)
- Who Has the Cheapest Car Insurance for Business Use in Washington? (FAQ)
- Who Has the Cheapest Auto Insurance for 19 Year Olds in Washington? (FAQ)
- What is Gap Insurance? (Insurance Information Institute)
- Tools for Teen Driving Safety (State Farm)
- Auto Insurance Facts and Statistics (Insurance Information Institute)