Finding the cheapest insurance for a Kia Soul in Tennessee can normally be a painful process, but you can learn a few tricks and make it easy. There are more efficient ways to find insurance online and we’ll show you the absolute fastest way to price shop coverage for a new or used Kia and obtain the lowest possible price from both online companies and Nashville agents.
Consumers should take time to get comparison quotes quite often because insurance prices change regularly. Even if you think you had the best deal on Kia Soul insurance in Nashville six months ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about insurance because I’m going to let you in on the secrets to the only way to find the best coverage while lowering your premiums.
Finding the cheapest insurance coverage in Nashville can initially seem challenging. If you are already insured or need new coverage, you can use this information to save money and possibly find even better coverage. Consumers only have to learn how to find the lowest price instantly.
Rates and statistics
The premium table shown next covers detailed analysis of coverage costs for Kia Soul models. Knowing how auto insurance premiums are determined can help you make decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Soul | $238 | $508 | $376 | $22 | $112 | $1,256 | $105 |
| Soul Plus | $238 | $508 | $376 | $22 | $112 | $1,256 | $105 |
| Soul Exclaim | $270 | $508 | $376 | $22 | $112 | $1,288 | $107 |
| Soul Sport | $270 | $508 | $376 | $22 | $112 | $1,288 | $107 |
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Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Price information does not factor in specific location which can alter premium rates significantly.
The diagram below shows how different deductible levels and can raise or lower Kia Soul insurance rates for different age groups. Data assumes a married female driver, full physical damage coverage, and no additional discounts are factored in.
Impact of speeding/accidents on car insurance rates
The diagram below shows how speeding tickets and at-fault fender-benders increase Kia Soul annual premium costs for each age group. The premiums assume a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.
How Insurers Calculate Kia Soul Insurance Premiums
Lots of factors are considered when quoting car insurance. Some factors are common sense like a motor vehicle report, but others are more transparent like your vehicle usage or your commute time. Consumers need to have an understanding of some of the factors that are used to determine your auto insurance rates. If you understand what positively or negatively impacts your premiums, this helps enable you to make changes that could result in big savings.
The factors shown below are most of the major factors used by insurance companies to determine premiums.
Teenage drivers are expensive to insure – Older insureds tend to be more responsible, cost insurance companies less in claims, and receive fewer citations. Teenage drivers are statistically shown to be inattentive with other occupants in the car so they pay higher auto insurance rates.
The chart below uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Too many policy claims and you’ll pay more – Car insurance companies in Tennessee provide the lowest premiums to policyholders who file claims infrequently. If you file a lot of claims you can look forward to either a policy non-renewal or much higher rates. Your insurance policy is designed for more catastrophic claims.
Do women or men drive better? – Statistics show that men are more aggressive behind the wheel. It does not mean women are better drivers. Women and men have accidents at a similar rate, but the male of the species cause more damage and cost insurance companies more money. Not only are claims higher, but men get higher numbers of serious violations such as reckless driving.
The example below illustrates the comparison of Kia Soul insurance costs for male and female drivers. The rate quotes are based on a clean driving record, no claims, full physical damage coverage, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.
Liability insurance is peace of mind – Your policy’s liability coverage is the protection if ever you are found liable for an accident. Your liability coverage provides you with a defense in court which can be incredibly expensive. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so drivers should buy more than the minimum limits required by law.
Premiums and employer – Occupational choices like military generals, business owners, and accountants generally pay higher rates than average in part from intense work-related stress and lots of time spent away from family. On the flip side, jobs such as actors, athletes and retirees generally pay rates lower than average.
Being married equates to better premiums – Getting married helps lower the price on auto insurance. Marriage means you’re less irresponsible and insurance companies reward insureds because drivers who are married file infrequent claims.
Insurance losses for a Kia Soul – Companies use data from past claims to help calculate premium prices. Vehicles that tend to have a trend towards higher claim severity or frequency will have a higher cost to insure. The table below illustrates the insurance loss data for Kia Soul vehicles.
For each coverage category, the claim amount for all vehicles averaged together is equal to 100. Percentage numbers below 100 are indicative of better than average losses, while percentage values above 100 indicate frequent claims or an increased chance of a larger loss.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Kia Soul | 89 | 98 | 84 | 138 | 138 | 118 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Do the work, save more money
Cheaper insurance in Nashville is available both online in addition to local insurance agencies, so you should be comparing quotes from both to have the best rate selection. Some insurance providers may not provide internet price quotes and these regional insurance providers sell through independent agencies.
As you shop your coverage around, make sure you don’t buy less coverage just to save a little money. There are many occasions where an insured dropped liability limits or collision coverage only to discover later that a couple dollars of savings turned into a financial nightmare. Your objective should be to get the best coverage possible at an affordable rate.
Steps to finding low-cost Kia Soul insurance in Nashville
It takes a few minutes, but the best way to get low-cost car insurance rates in Nashville is to regularly compare price quotes from different companies who provide auto insurance in Tennessee. You can shop around by following these steps.
- Spend a few minutes and learn about coverages and the factors you can control to keep rates low. Many policy risk factors that are responsible for high rates like speeding tickets, accidents and bad credit can be amended by improving your driving habits or financial responsibility.
- Compare price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive or Farmers Insurance, while agents who are independent can provide rate quotes for many different companies.
- Compare the quotes to the premium of your current policy and see if you can save money. If you find a lower rate quote and change companies, ensure there is no coverage lapse between policies.
A crucial key to this process is to use identical coverage information on every quote and and to look at as many auto insurance providers as possible. Doing this helps ensure an apples-to-apples comparison and the best price quote selection.
To learn more, link through to the resources below:
- Insuring a Leased Car (Insurance Information Institute)
- Who Has the Cheapest Car Insurance Quotes for High Risk Drivers in Nashville? (FAQ)
- Who Has Affordable Auto Insurance for Active Military in Nashville? (FAQ)
- Who Has Affordable Nashville Car Insurance Rates for Drivers Under 21? (FAQ)
- How Much are Auto Insurance Rates for Uber Drivers in Nashville? (FAQ)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Older Driver Statistics (Insurance Information Institute)
- How to Avoid Staged Accidents (State Farm)