Cheap Kia Soul EV Car Insurance in 2024 (10 Most Affordable Companies)

Secure cheap Kia Soul EV car insurance for $45 per month with top companies like Liberty Mutual, Farmers, and Progressive. If you’re considering purchasing a Kia Soul EV, it’s important to factor in the cost of car insurance.

Car insurance is not only a requirement in most states, but it also provides financial protection in the event of an accident or other unforeseen circumstances.

Our Top 10 Company Picks: Cheap Kia Soul EV Car Insurance

In this article, we’ll explore what does car insurance cover for Kia Soul, tips for affordable coverage, and factors that can affect the cost of car insurance for Kia Soul EV. Find cheap car insurance quotes by entering your ZIP code above.

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#1 – Liberty Mutual: Top Overall Pick

Pros

• Competitive Rates: As mentioned in our Liberty Mutual review and rating, Liberty Mutual offers competitive premiums starting at $45 per month for the Kia Soul EV, leveraging its extensive network to provide affordable coverage.
• Tailored Coverage Options: They provide customizable coverage specifically designed for electric vehicles, including options for battery and charging station coverage.
• Financial Stability: With an A rating from A.M. Best, Liberty Mutual ensures financial stability, reassuring Kia Soul EV owners of reliable coverage.

Cons

• Claims Experience: Some customers find Liberty Mutual’s claims process to be slower compared to other insurers, potentially causing inconvenience during claims handling.
• Limited EV-Specific Discounts: While offering competitive rates, Liberty Mutual may not provide as many specific discounts and perks tailored exclusively for electric vehicles compared to specialized insurers.

#2 – Farmers: Best for Multi-Policy Holders

Pros

• Competitive Premiums: Farmers Insurance offers competitive rates starting at $48 per month for the Kia Soul EV, with potential discounts for safe driving and bundling policies.
• Strong Customer Service: Farmers is known for its responsive customer service, offering dedicated support for electric vehicle owners.
• Additional Coverages: As outlined in our Farmers insurance review & ratings, Farmers provide options for additional coverages such as roadside assistance and rental car reimbursement tailored for electric vehicle needs.

Cons

• Higher Premiums for EVs: While competitive, Farmers’ premiums for electric vehicles like the Kia Soul EV can be higher compared to insurers specializing solely in electric vehicle coverage.
• Limited EV-Specific Benefits: Farmers may offer fewer specific discounts and benefits exclusively for electric vehicles compared to insurers with specialized EV programs.

#3 – Progressive: Best for Customizable Plans

Pros

• Name Your Price Tool: Progressive’s unique tool allows Kia Soul EV owners to adjust coverage options to find a policy that fits their budget, potentially lowering premiums.
• Snapshot Program: Their usage-based insurance program can offer discounts based on safe driving habits, benefiting Kia Soul EV owners who drive responsibly.
• Wide Coverage Options: Progressive offers a wide range of coverage options, including specific provisions for electric vehicles, ensuring comprehensive protection. Explore our Progressive car insurance review & ratings for more details.

Cons

• Price Adjustments: Progressive’s premiums can adjust at renewal, potentially leading to higher costs for Kia Soul EV owners depending on driving history and other factors.
• Customer Service Variability: Some customers report mixed experiences with Progressive’s customer service, with occasional issues in claims handling and communication.

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#4 – State Farm: Best for Customer Service

Pros

• Personalized Service: State Farm agents offer personalized service, providing guidance and support tailored to the needs of Kia Soul EV owners. See more details on our State Farm car insurance review & ratings.
• Multiple Policy Discounts: They offer discounts for bundling auto and home insurance, potentially reducing premiums for Kia Soul EV owners with multiple policies.
• Financial Strength: With high financial ratings, State Farm provides assurance of stable coverage and reliable claims handling for Kia Soul EV owners.

Cons

• Potentially Higher Premiums: State Farm’s premiums for electric vehicles like the Kia Soul EV may be higher compared to insurers specializing solely in electric vehicle coverage.
• Limited EV-Specific Discounts: While offering comprehensive coverage, State Farm may not offer as many specific discounts and benefits exclusively for electric vehicles compared to specialized insurers.

#5 – Travelers: Best for Discounts

Pros

• Customizable Policies: Travelers offers customizable policies, allowing Kia Soul EV owners to tailor coverage to their specific needs and budget.
• Multi-Policy Discounts: Travelers insurance review & ratings highlights the various discounts for bundling auto and home insurance policies, potentially lowering overall costs for Kia Soul EV owners.
• Strong Financial Stability: With high financial strength ratings, Travelers ensures reliable coverage and claims management for Kia Soul EV owners.

Cons

• Premium Adjustments: Travelers’ premiums can vary based on individual factors, potentially leading to higher costs for Kia Soul EV owners depending on circumstances.
• Claims Process Complexity: Some customers may find Travelers’ claims process to be more complex compared to other insurers, requiring thorough documentation and communication.

#6 – Geico: Best for Minimum Coverage

Pros

• Low Starting Premiums:As outlined in Geico car insurance discounts, Geico offers affordable premiums starting at $58 per month for the Kia Soul EV, appealing to cost-conscious electric vehicle owners.
• Tech-Savvy Tools: Their user-friendly online platform allows easy comparison of quotes and management of policies, enhancing convenience for Kia Soul EV drivers.
• Financial Stability: Geico maintains strong financial stability, backed by its high ratings from financial strength rating agencies, ensuring reliable coverage for electric vehicles.

Cons

• Claims Handling Concerns: Some customers report mixed experiences with Geico’s claims processing, citing occasional delays and communication challenges.
• Limited EV-Specific Features: While Geico offers competitive rates, they may not offer as many specialized discounts and benefits specifically tailored for electric vehicles compared to niche insurers.

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#7 – Safeco: Best for Bundling Policies

Pros

• Affordable Premiums: Safeco offers competitive premiums starting at $60 per month for the Kia Soul EV, catering to budget-conscious electric vehicle owners.
• Strong Coverage Options: They provide comprehensive coverage options, including specialized provisions for electric vehicles like the Kia Soul EV.
• Customer Satisfaction: As mentioned in our Safeco insurance review & ratings, Safeco maintains a strong reputation for customer satisfaction, offering responsive service and claims processing for Kia Soul EV owners.

Cons

• Limited Regional Availability: Safeco’s coverage may be limited to certain regions, potentially affecting availability for Kia Soul EV owners in specific areas.
• Less EV-Specific Benefits: While competitive, Safeco may offer fewer specific discounts and benefits tailored exclusively for electric vehicles compared to specialized insurers.

#8 – The Hartford: Best for AARP Members

Pros

• AARP Endorsed: The Hartford is endorsed by AARP, providing special benefits and discounts for AARP members, making it an attractive option for older adults with Kia Soul EV.
• Experienced Claims Handling: As mentioned in The Hartford insurance review & ratings, The Hartford are known for efficient claims handling and customer service, providing peace of mind for Kia Soul EV owners.
• Additional Benefits: The Hartford provides additional benefits such as new car replacement and recover care coverage, enhancing value for Kia Soul EV owners.

Cons

• Higher Premiums: The Hartford’s premiums for electric vehicles like the Kia Soul EV may be higher compared to general auto insurers, reflecting specialized coverage.
• Limited Availability: Coverage may be limited in certain regions, potentially affecting availability and convenience for Kia Soul EV owners.

#9 – Auto-Owners: Best for Claim Service

Pros

• Personalized Service: Auto-Owners is known for its personalized service and dedicated agents who can provide tailored advice for Kia Soul EV owners. Delve into our evaluation of Auto-Owners insurance review & ratings.
• Comprehensive Coverage Options: They offer a range of comprehensive coverage options, including specific provisions for electric vehicles like the Kia Soul EV.
• Stable Financial Strength: Auto-Owners maintains strong financial stability, ensuring reliable coverage and claims management for electric vehicle owners.

Cons

• Limited Availability: Auto-Owners operates primarily in select regions, potentially limiting availability for Kia Soul EV owners in certain areas.
• Potentially Higher Premiums: While offering comprehensive coverage, Auto-Owners’ premiums for electric vehicles like the Kia Soul EV may be higher compared to specialized EV insurers.

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#10 – USAA: Best for Military Members

Pros

• Exclusive Membership Benefits: As outlined in USAA insurance review & ratings, USAA offers exclusive benefits for members, including potential discounts and perks specifically for Kia Soul EV owners.
• Top-Rated Customer Service: They are known for outstanding customer service and claims satisfaction, providing dedicated support for Kia Soul EV owners.
• Financial Strength: With top ratings from financial strength rating agencies, USAA ensures stability and reliability in coverage for Kia Soul EV owners.

Cons

• Membership Eligibility: USAA membership is restricted to military members and their families, limiting eligibility for Kia Soul EV owners who do not meet membership criteria.
• Potentially Higher Premiums: While competitive, USAA’s premiums for electric vehicles like the Kia Soul EV may be higher compared to insurers specializing solely in electric vehicle coverage.

Comparing Car Insurance Quotes for Kia Soul EV

Comparing car insurance quotes is crucial when it comes to finding the best coverage for your Kia Soul EV. Prices can vary significantly between different insurance providers, so taking the time to compare quotes ensures that you’re getting the most competitive rate.

The table below compares monthly rates for minimum and full coverage car insurance for a Kia Soul EV from various providers.

Kia Soul EV Car Insurance Monthly Rates by Coverage Level & Provider

Be sure to consider not only the premium amount but also the coverage limits and deductibles offered by each provider. Comparing quotes allows you to make an informed decision and find the right insurance policy for your specific needs.

Factors That Affect the Cost of Kia Soul EV Car Insurance

Several factors come into play when calculating the cost of car insurance for a Kia Soul EV. Insurance providers take into account the driver’s age, gender, and driving history. Younger drivers or those with a history of accidents or traffic violations may face higher premiums.

Additionally, factors such as the make and model of the vehicle, its safety features, and the driver’s location can also impact insurance costs. To get an accurate quote, it’s best to provide all necessary information to insurance providers. Another factor that can affect the cost of car insurance for a Kia Soul EV is the driver’s credit score. Insurance providers may consider a driver’s credit history as an indicator of their financial responsibility.

The driver’s annual mileage can also impact the cost of car insurance for a Kia Soul EV. Insurance providers may offer lower premiums to drivers who have a lower annual mileage, as they are considered to be at a lower risk of being involved in accidents. On the other hand, drivers with a higher annual mileage may face higher insurance costs.

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Understanding the Insurance Premiums for Kia Soul EV

Insurance premiums for a Kia Soul EV can vary depending on several factors. Generally, electric vehicles like the Soul EV have higher premiums due to their higher market value and the cost to repair or replace their specialized components.

Read More: How does the insurance company determine my premium?

However, the cost of insurance can also be influenced by safety features that come standard with the vehicle, such as forward collision warning and lane-keep assist. It’s essential to have a clear understanding of the factors that contribute to insurance premiums to make an informed decision.

Finding Affordable Car Insurance for a Kia Soul EV

Finding affordable car insurance for your Kia Soul EV may seem like a daunting task, but there are several strategies you can employ to lower your premiums. Start by comparing quotes from different insurance providers to ensure you’re getting the best deal.

Read More: Cheapest Car Insurance Companies

Take advantage of any discounts you may be eligible for, such as multi-vehicle or safe driver discounts. Additionally, consider raising your deductibles or bundling your auto insurance with other policies to potentially save money.

Exploring Different Coverage Options for Kia Soul EV Car Insurance

When it comes to car insurance for your Kia Soul EV, there are several coverage options to consider. The most basic coverage is liability insurance, which covers damage to other people’s property or injuries in an accident where you are at fault.

However, it’s also important to consider comprehensive and collision coverage, which can provide additional protection for your vehicle. Comprehensive coverage protects against non-accident-related incidents such as theft or vandalism, while collision coverage covers damages resulting from a collision. Assess your needs and budget to determine the coverage options that make sense for you.

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Discounts Available for Kia Soul EV Car Insurance

Insurance providers often offer various discounts to help reduce the cost of car insurance for Kia Soul EV owners. Common discounts include safe driver discounts, good student discounts for young drivers with good grades, and discounts for completing a driver’s education course.

These discounts below can significantly impact rates by offering savings based on factors helping to lower monthly premiums

Read More: Best Car Insurance Discounts

Additionally, some insurance companies offer discounts for having certain safety features or anti-theft devices installed in your vehicle. These discounts can add up and make a significant difference in the overall cost of your car insurance, so be sure to inquire about any discounts you may be eligible for.

How to Lower Your Premium on Kia Soul EV Car Insurance

If you’re looking to lower your premium for Kia Soul EV car insurance, there are several steps you can take. Maintaining a clean driving record and avoiding car accidents and traffic violations can help you qualify for lower rates.

Additionally, opting for a higher deductible can reduce your premium, as you’ll be responsible for a larger portion of any damages before insurance coverage kicks in. Bundling your car insurance with other policies, such as homeowner’s insurance, can also result in a lower premium. Furthermore, maintaining a good credit score can also help you secure better rates on car insurance.

Top Insurance Providers Offering Coverage for Kia Soul EV

When it comes to choosing an insurance provider for your Kia Soul EV, several reputable companies offer coverage tailored to electric vehicles. Some top insurance providers in this segment include Progressive, Geico, State Farm, and Allstate.

It’s recommended to research and compare car insurance quotes from multiple providers to compare coverage options and rates. Be sure to consider factors like customer service, claims handling, and any additional benefits or discounts offered by each provider.

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Choosing the Right Insurance Policy for Your Kia Soul EV

Choosing the right insurance policy for your Kia Soul EV can be a daunting task. To make an informed decision, consider factors such as coverage limits, deductibles, and add-on coverage options. Evaluate your driving habits, lifestyle, and budget to determine the level of coverage you need.

Read More: What is Deductible?

It’s also important to review the policy’s fine print, including any exclusions or limitations. Consider consulting with an insurance agent to help you navigate the options and choose the policy that best suits your specific needs.

Location’s Impact on Kia Soul EV Insurance

Your location plays a significant role in determining the cost of car insurance for your Kia Soul EV. Insurance providers consider factors like local traffic patterns, accident rates, and the prevalence of auto theft when calculating insurance premiums.

Read More: The Most and Least Car-Dependent States

Urban areas with higher population densities and more congested traffic tend to have higher insurance rates compared to rural areas. Additionally, certain states have higher minimum coverage requirements, which can also affect insurance costs. Keep in mind that the actual location within a state can also impact rates, as some neighborhoods may have higher crime rates or accident frequencies.

Comparing Kia Soul EV Insurance Costs With Other Electric Vehicle

When comparing the cost of insuring a Kia Soul EV with other electric vehicles, several factors come into play. The make and model of the vehicle, as well as its safety features and market value, can impact insurance costs.

Read More: Best Car Insurance by Vehicle

Additionally, each insurance provider may have its own proprietary algorithms for calculating premiums. It’s essential to obtain quotes specifically for the Kia Soul EV and compare them with quotes for other electric vehicles to get a true comparison. Remember that rates can vary based on the providers’ assessment of risk for each specific vehicle.

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The Claims Process for Kia Soul EV Car Insurance

In the unfortunate event of an accident or loss, understanding the claims process is crucial when it comes to Kia Soul EV car insurance. Each insurance provider may have its own specific process, but generally, you’ll need to report the incident to your insurance company as soon as possible.

Read More: How do I appeal an car insurance claim with Liberty Mutual?

Provide any necessary documentation, such as photos of the damage or a police report, to support your claim. An adjuster will evaluate the damages and determine the coverage and payout amount. It’s important to communicate openly and honestly with your insurance company throughout the claims process to expedite the resolution.

Benefits of Comprehensive Coverage for Kia Soul EV

Comprehensive coverage is an essential consideration when insuring your Kia Soul EV. This coverage protects your vehicle against damage or loss resulting from situations other than accidents. It covers incidents such as theft, vandalism, fire, or natural disasters.

An easy way to save money? Customize with Liberty Mutual. Plus, 13 other tips for lowering your car insurance. https://t.co/Fi4LjmDXye pic.twitter.com/W8CifJuAVP

— Liberty Mutual (@LibertyMutual) July 19, 2023

Read More: Best Car Insurance for Comprehensive Coverage

Since electric vehicles like the Kia Soul EV have specialized components that can be expensive to repair or replace, having comprehensive coverage can provide peace of mind. It’s important to carefully review the terms and conditions of your policy to understand what is covered and any exclusions that may apply.

Driving Record’s Impact on Kia Soul EV Insurance Cost

Your driving record is a significant factor in determining the cost of insuring a Kia Soul EV. Insurance providers consider your past driving history, including any accidents, traffic violations, or claims made.

Read More: Best Safe Driver Car Insurance Discounts

Generally, an individual with a clean driving record will receive lower insurance premiums compared to someone with a history of accidents or violations. To keep insurance costs down, it’s important to maintain a safe driving record and practice defensive driving techniques.

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Gap Insurance for Financed or Leased Kia Soul EV

If you are financing or leasing your Kia Soul EV, it’s important to consider gap insurance. Gap insurance covers the difference between the market value of your vehicle and the amount you owe on your loan or lease in the event your vehicle is totaled or stolen.

Read More: Best Gap Car Insurance

This coverage can help prevent a financial burden if you owe more on your vehicle than it’s worth. Gap insurance is typically offered by the finance or leasing company but can also be purchased through your insurance provider. Be sure to check the terms of your loan or lease agreement to determine if gap insurance is required or recommended.

Maintaining Good Credit Score for Better Kia Soul EV Insurance Rates

Your credit score can have an impact on the cost of your Kia Soul EV car insurance. Insurance providers often use credit-based insurance scores to assess the risk of insuring an individual. To maintain a good credit score, pay your bills on time, keep your credit card balances low, and avoid opening unnecessary credit accounts.

Read More: Understanding Credit: A Score that Impacts Everything from Your Cell Phone Bill to Car Insurance

Regularly monitoring your credit report for any inaccuracies and correcting them promptly can also help maintain a healthy credit score. A good credit score can help you secure better rates on car insurance, so it’s worth taking the necessary steps to maintain a good credit standing.

Safety Features’ Impact on Kia Soul EV Insurance

Kia Soul EV’s safety features can have an impact on the cost of insurance. The vehicle’s enhanced safety features, such as advanced driver-assistance systems and collision avoidance technologies, can help reduce the risk of accidents and injuries.

Read More: Best Safety Features Car Insurance Discounts

As a result, insurance providers may offer lower premiums for vehicles equipped with these safety features. Before purchasing a Kia Soul EV, be sure to inquire about any discounts or benefits associated with its safety features. Installing additional safety devices or anti-theft systems may also help lower insurance costs.

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Coverage Limits Considerations for Your Kia Soul EV

Determining the appropriate coverage limits for your Kia Soul EV requires careful consideration of several factors. While it may be tempting to opt for the minimum coverage required by your state, this may not provide adequate protection in the event of a significant accident or loss.

Consider factors such as your financial situation, the value of your vehicle, and your risk tolerance.

Read More: What does car insurance cover?

Higher coverage limits can offer greater protection but may result in higher premiums. It’s important to strike a balance between adequate coverage and affordability to ensure you’re adequately protected in various scenarios.

Handling Kia Soul EV Insurance Claims Effectively

In the event of an accident or claim with your Kia Soul EV car insurer, it’s important to follow the proper steps to ensure a smooth process. Start by reporting the incident promptly to your insurance company and provide all necessary documentation, including photos, witness statements, and a police report, if applicable.

Read More: Your Insurance Agent’s Role in the Claims Process

Be cooperative and responsive throughout the claims process, providing any requested information to facilitate the investigation and resolution of your claim. It’s also important to keep detailed records of all communication with your insurance company, including claim numbers, names of representatives, and dates and times of conversations, to ensure accurate and efficient handling of your claim.

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