Affordable Insurance for a Kia Soul in Lincoln

Unthinkable but true, 70% of consumers have been with the same company for a minimum of four years, and just short of a majority have never even shopped around for affordable coverage. Nebraska drivers can save about $400 each year by just comparing quotes, but they underestimate the large savings they would see if they bought a different policy.

The recommended way to find lower priced car insurance rates is to compare prices once a year from different companies who can sell car insurance in Lincoln.

• First, try to understand how companies set rates and the changes you can make to lower rates. Many factors that drive up the price such as traffic violations, accidents, and a less-than-favorable credit score can be remedied by improving your driving habits or financial responsibility. This article gives additional ideas to get lower rates and get additional discounts that may have been overlooked.
• Second, request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agents can quote prices from multiple companies.
• Third, compare the quotes to your existing coverage to see if you can save by switching companies. If you can save money and change companies, make sure coverage is continuous and does not lapse.
• Fourth, provide written notification to your current company to cancel your current auto insurance policy. Submit a down payment and signed policy application to the new company. Don’t forget to place the new certificate verifying proof of insurance with your registration paperwork.

An important bit of advice to remember is to try to use identical coverage information on each quote request and and to get price quotes from every company you can. This helps ensure an accurate price comparison and a good representation of prices.

Finding quotes for the most affordable policy in Lincoln is not as confusing as people think. Practically every car owner who shops for auto insurance most likely will find better rates. Although Nebraska vehicle owners must comprehend how companies calculate their prices.

The quickest way to compare insurance rates from multiple companies is to know the fact most of the bigger providers allow for online access to provide you with a free rate quote. The only thing you need to do is provide a little information like how much school you completed, if it has an anti-theft system, how you use your vehicles, and how many miles driven. That information gets transmitted to many of the top insurers and they respond with quotes immediately.

To compare rates for your Kia Soul now, click here and complete the form.

The auto insurance companies shown below offer comparison quotes in Nebraska. To get the cheapest car insurance in Lincoln, it’s highly recommended you click on several of them to find the most competitive auto insurance rates.

Insurance rate breakdown

The premium information below highlights different prices for Kia Soul models. Having insight into how insurance policy premiums are established is important for making smart choices when selecting a coverage provider.

Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Table data does not factor in the specific area where the vehicle is garaged which can revise coverage prices noticeably.

Deductible comparison

When shopping for insurance, a common question is which comprehensive and collision deductibles to buy. The rates below determine the premium difference of buying low and high comp and collision deductibles. The first rate quote example uses a $250 deductible for comprehensive and collision coverage and the second rate chart uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Rate quotes do not factor in specific Lincoln garaging location which can alter coverage rates substantially.

We can estimate from the data above that using a $250 deductible costs roughly $12 more each month or $144 every year than buying the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you go at a minimum 21 months between claims, you would most likely save money if you elect the higher deductible.

An important sidenote is that raising deductibles means you will have to pay more when you have to file a claim. That will require enough money stashed away in the event you need to pay the higher deductible in order to repair your vehicle.

Comparison of insurance rates by age and gender

The example below visualizes the comparison of Kia Soul auto insurance rates for male and female drivers. The premium estimates are based on no accidents or driving violations, comprehensive and collision coverage, $250 deductibles, single status, and no discounts are taken into consideration.

Rate comparison of full coverage and liability-only

The information below visualizes the comparison of Kia Soul insurance costs when comparing full coverage to state minimum liability only. The information is based on no accidents, no driving violations, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

When to drop comp and collision

There isn’t a written rule for eliminating physical damage insurance, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let’s pretend your Kia Soul claim settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $5,000 after the deductible is paid. If it’s costing you more than $500 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some situations where dropping physical damage coverage is not in your best interest. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not remove full coverage.

Why you need quality insurance for your Kia Soul

Despite the high insurance cost for a Kia Soul in Lincoln, maintaining insurance serves a purpose in several ways.

• Most states have mandatory liability insurance requirements which means you are required to carry specific limits of liability protection in order to drive the car legally. In Nebraska 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.
• If you have a loan on your Kia, it’s most likely the lender will stipulate that you carry insurance to guarantee their interest in the vehicle. If you let the policy lapse, the lender will be forced to insure your Kia at an extremely high rate and force you to pay for the expensive policy.
• Auto insurance preserves both your assets and your Kia. It will also provide coverage for medical expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance also pays for attorney fees and expenses in the event you are sued. If mother nature or an accident damages your car, your auto insurance policy will pay to have it repaired.

The benefits of carrying enough insurance definitely exceed the price paid, especially with large liability claims. Today the average American driver overpays more than $865 each year so you should quote rates at every policy renewal to help ensure money is not being wasted.

Smart Consumers Can Cut Insurance Costs

Multiple criteria are used in the calculation when quoting car insurance. Some of the criteria are obvious such as your driving history, although others are not quite as obvious like your continuous coverage or your commute time. Smart consumers have a good feel for some of the elements that go into determining insurance rates. If you know what positively or negatively impacts your premiums, this allows you to make good choices that will entitle you to lower rates.

Shown below are a few of the “ingredients” used by companies to determine your rate level.

Physical damage deductibles are a factor – Physical damage deductibles are how much you are required to spend if you file a covered claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some instances where coverage would apply are a windshield broken by a bird, animal collisions, or theft of your vehicle. The more of the claim the insured has to pay upfront, the less your company will charge you for insurance.

Alarms and GPS tracking lower rates – Buying a car with anti-theft technology or alarm system can help lower your rates. Theft prevention devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent auto theft.

Avoid tickets and save – A bad driving record influences premium rates substantially. Careful drivers tend to pay less for car insurance than their less careful counterparts. Getting just one moving violation can increase rates to the point where it’s not affordable. Drivers who have received dangerous citations such as reckless driving or DUI may face state-mandated requirements to submit a SR-22 form with their state’s department of motor vehicles in order to prevent their license from being revoked.

The chart below highlights how traffic violations and at-fault claims raise Kia Soul insurance prices for each age group. The premium estimates are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.

Insure car and home with the same company – Most major insurance companies provide lower prices to clients that purchase more than one policy, otherwise known as a multi-policy discount. The discount can add up to ten or even up to twenty percent in some cases. Even if you already get this discount, drivers will still want to compare Kia Soul rates in Lincoln to ensure the best deal. Drivers may still save even more by buying from different companies

An active insurance claims history can cost more – If you tend to file frequent claims, you can expect higher premiums or even policy non-renewal. Auto insurance companies in Nebraska generally give cheaper rates to drivers who only file infrequent claims. Auto insurance is intended to be relied upon for claims that pose a financial burden.

High premiums for teenage drivers – Youthful drivers in Nebraska are known to be easily distracted behind the wheel and because of this, their insurance rates are much higher. Adding a inexperienced driver to your policy can increase premiums substantially. Older people tend to be more responsible, cost insurance companies less in claims, and are generally more financially stable.

The chart below is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.

The higher your credit rating the lower your premiums – A driver’s credit score factor in determining your rates. So if your credit is not that good, you could pay less to insure your Kia Soul if you clean up your credit. Consumers who have very high credit ratings tend to be better drivers and file fewer claims than drivers who have lower credit scores.

Lower insurance rates with uninterrupted coverage – Not having insurance can get your license suspended and any future policy may cost more because you let your coverage lapse. Not only will you pay more, getting caught without coverage may result in a hefty fine and possibly a revoked license.

Kia Soul statistical loss data – Insurers analyze historical claim data to calculate a rate that offsets possible losses. Models that are shown to have increased losses will cost more for coverage. The table below outlines the insurance loss data used by companies for Kia Soul vehicles.

For each policy coverage type, the loss probability for all vehicles combined as an average equals 100. Numbers that are below 100 are indicative of better than average losses, while numbers above 100 indicate higher probability of having a loss or a tendency for losses to be larger than average.

Get discounts on Lincoln insurance

Auto insurance companies don’t necessarily list all their discounts in an easy-to-find place, so below is a list a few of the more common and also the lesser-known discounts you could be receiving when you buy Lincoln auto insurance online.

• College Student Discount – College-age children who are attending college and do not have a car could qualify for this discount.
• Passenger Safety Discount – Factory options such as air bags could see savings of 20 to 30 percent.
• E-sign – Some of the larger companies may give you up to $50 shop Lincoln auto insurance on your computer.
• Seat Belts Save more than Lives – Requiring all passengers to buckle their seat belts can save a little on the premium charged for medical payments and/or PIP.
• Full Payment Discount – By making one initial payment rather than paying in monthly installments you could save 5% or more.
• ABS Brakes – Vehicles that have anti-lock braking systems have fewer accidents and the ABS can save up to 10%.
• Professional Memberships – Belonging to a professional or civic organization could earn you a nice discount on your bill.
• Student Driver Training – Cut your cost by having your teen driver successfully take a driver’s education course if offered at their school.
• Accident Forgiveness – This one is not really a discount per se, but some insurance companies will turn a blind eye to one accident before raising your premiums if you have no claims for a particular time prior to the accident.
• Senior Citizen Discount – Drivers over the age of 55 could receive a discount up to 10%.

Discounts save money, but please remember that most of the big mark downs will not be given to the entire cost. Some only reduce the cost of specific coverages such as comprehensive or collision. If you do the math and it seems like you would end up receiving a 100% discount, it’s just not the way it works. But all discounts will bring down your premiums.

The information below illustrates the difference between Kia Soul annual premium costs with and without discounts. The premiums are based on a female driver, no claims or violations, Nebraska 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, marriage, homeowner, claim-free, and multi-policy discounts applied.

A partial list of companies that possibly offer some of the above discounts include:

• Progressive
• GEICO
• State Farm
• Esurance
• The Hartford

If you are trying to find low cost Lincoln auto insurance quotes, ask all companies you are considering to give you their best rates. Savings may not be offered in Lincoln. To see companies that offer multiple discounts in Lincoln, click this link.

Compare rate quotes but still have a local neighborhood Lincoln car insurance agent

Some people still prefer to get advice from a local agent and that is recommended in a lot of cases A nice benefit of comparing insurance prices online is you can get cheaper rates and still have a local agent. Buying from local agents is important especially in Lincoln.

To find an agent, once you fill out this form (opens in new window), your coverage information is transmitted to insurance agents in Lincoln that give free quotes for your car insurance coverage. You won’t need to search for any insurance agencies since rate quotes are delivered to you. You’ll get the best rates AND an agent nearby. If you need to get a price quote from a specific company, just visit that company’s website and give them your coverage information.

Below are agents in Lincoln that may be able to provide price quotes for Kia Soul insurance in Lincoln.

• State Farm: Genny Noerrlinger
  6710 L St #110 – Lincoln, NE 68510 – (402) 488-7855 – View Map
• Buethe and Associates Insurance Agency
  2337 S 13th St – Lincoln, NE 68542 – (402) 474-2063 – View Map
• Allstate Insurance: Earnest and Associates, Inc
  4221 O St – Lincoln, NE 68510 – (402) 488-0955 – View Map
• MIAA – Midwest Insurance Agency Alliance
  6120 Havelock Ave – Lincoln, NE 68507 – (402) 467-5355 – View Map

View more Lincoln agents

Finding the right provider is decision based upon more than just a cheap price. The answers to these questions are important, too.

• What insurance companies do they recommend if they are an independent agent?
• What kind of financial rating does the company have?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
• Do they assist clients in filing claims?
• Do they review policy coverages at every renewal?

Ratings for Lincoln car insurance companies

Buying coverage from the best company is hard considering how many different companies there are to choose from in Nebraska. The company information shown below can help you decide which companies you want to consider comparing rate quotes with.

Top 10 Lincoln Car Insurance Companies Ranked by Claims Service

1. Progressive
2. Travelers
3. Liberty Mutual
4. Nationwide
5. USAA
6. AAA Insurance
7. Safeco Insurance
8. GEICO
9. Esurance
10. The General

Top 10 Lincoln Car Insurance Companies Ranked by Value

1. USAA
2. GEICO
3. AAA Insurance
4. Liberty Mutual
5. State Farm
6. Allstate
7. Safeco Insurance
8. Travelers
9. 21st Century
10. Nationwide

In conclusion

Cheaper insurance in Lincoln can be sourced online as well as from insurance agents, so you should compare both to get a complete price analysis. Some insurance providers may not provide price quotes online and many times these smaller companies work with local independent agents.

Consumers change insurance companies for a number of reasons such as lack of trust in their agent, not issuing a premium refund, an unsatisfactory settlement offer or even high prices. It doesn’t matter why you want to switch finding a new insurance company can be easy and end up saving you some money.

When trying to cut insurance costs, don’t be tempted to reduce needed coverages to save money. There are too many instances where an insured dropped physical damage coverage to discover at claim time they didn’t purchase enough coverage. The aim is to purchase a proper amount of coverage at the best cost.

More tips and info about insurance can be read in the articles below:

• What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
• How Much are Lincoln Auto Insurance Quotes for a Ford Explorer? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for a Kia Optima in Lincoln? (FAQ)
• Who Has Cheap Car Insurance Quotes for a Nissan Rogue in Lincoln? (FAQ)
• How Much is Lincoln Car Insurance for Teenage Females? (FAQ)
• Who Has Affordable Lincoln Car Insurance for Low Credit Scores? (FAQ)
• Tread Depth and Tire Safety (State Farm)
• New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
• Avoiding Deer Collisions (Insurance Information Institute)