Insurance of the Kia Soul electric car has become a hot topic for many people considering making the switch to the electric vehicle.
There are a number of things to consider when you are thinking about purchasing an electric vehicle like the Soul EV.
While many people focus on the technology and the cost to purchase electric cars, there are many more who look at that cost of ownership once they actually buy the car.
One element that has to be considered when looking at the cost of Kia Soul EV ownership is how much you have to pay for insurance. Is it cheaper or more expensive to insure an electric car, and how do you get the costs as low as possible?
Real insurance rates from Kia Soul EV owners
If you are committed to purchasing a 2017 Soul EV, then the cost of insurance should not really affect your decision too much. That said, you will want to be sure that you get the best deal possible, which means doing a little insurance comparison shopping.
Pricing can vary wildly, as we found out when asking Soul EV owners what they were quoted.
One driver said that he was given a quote of $670 per year, with that amount coming after many discounts and deals were applied.
Another owner was quoted $656 for 6 months by a different insurance company. He had been paying $648/6 months for his regular car, so he saw this as a very good deal.
It is the latter amount that seems to be more realistic, as other quotes for Soul EV insurance for the year came in at around $1500.
While that insurance amount is considered the average, it is not what every Kia Soul EV driver will pay. There are all sorts of factors that are taken into account when delivering a quote, and no two insurers are likely to deliver the same one.
This is why it is so important to go for a quote at all the major insurance players.
Free Kia Soul EV insurance quotes
A number of the major auto insurers that will provide insurance quotes for your Kia are shown here: Progressive, Farm Bureau, Farmers, Nationwide, Geico, American Family
How much you pay for car insurance
Things like your driving record and the amount of coverage you opt for will play a part in how much you pay.
You also have to be aware that your credit score will also be a factor, with a higher score likely resulting in a much better rate.
It’s always good to know if you are eligible for the many discounts that insurance companies offer to drivers. These include, but are not limited to, military personnel, teachers, university students, seniors, AARP members, and more.
Always ask insurers about their discounts, as you may otherwise miss out on a good deal.
Other discounts may be added if you have a garage in your home, have a safe driving record, or are a new driver who has taken a defensive driving course. There are also things that you can do to lower the amount that you have to pay for insurance for your Kia Soul EV.
You can start out by bundling all the different insurance policies you own, and then follow that up by increasing your deductible. Stay in regular contact with your insurance agent to ensure that you are getting the best rates positive.
In short, taking a proactive approach to car insurance will mean that you get the most competitive insurance rates.
