Cheapest Insurance for a Kia Soul in Portland

Wish you could get a refund on an expensive car insurance policy? You’re in good company because there are a lot of people in Portland just like you who feel imprisoned by their car insurance policy.

It goes without saying that insurance companies don’t want you comparing rates. Consumers who shop around for cheaper rates are inclined to move their business because they stand a good chance of finding a more affordable policy. A recent survey found that drivers who compared price quotes annually saved on average $860 a year compared to policyholders who never shopped around for lower prices.

If finding budget-friendly insurance in Portland is your objective, then having an understanding of how to find and compare coverages can help simplify the process.

Consumers have so many insurance companies to insure vehicles with, and although it’s nice to have multiple companies, having more auto insurance companies makes it harder to compare rates and find the lowest cost car insurance.

It’s important to do price comparisons on a regular basis because rates trend upward over time. If you had the lowest premium rates on Kia Soul insurance in Portland six months ago there is a good chance you can find better prices now. There is a lot of bad information regarding Soul insurance online, but I’m going to show you a bunch of ideas how to slash your car insurance rates in Portland.

Buying the cheapest insurance in Portland is really quite simple as long as you have a good starting point. If you have a current insurance policy, you should be able to get lower rates using these techniques. Although Oregon drivers benefit from understanding how big insurance companies price online insurance and use this information to your advantage.

Affordable Kia insurance prices in Portland

The companies shown below are our best choices to provide price comparisons in Portland, OR. If you want the best auto insurance in OR, we suggest you visit several of them to get the lowest price.

Facts and figures for Kia Soul insurance

The data table shown below showcases different insurance costs for Kia Soul models. Learning a little about how auto insurance prices are determined is important to be able to make smart choices when comparing insurance rates.

Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Price information does not factor in garaging location in Portland which can revise premium rates considerably.

Deductible comparison

One of the most common insurance questions is which comprehensive and collision deductibles to buy. The figures shown below lay out the cost difference between low and high coverage deductibles. The first price estimate table uses a $250 deductible for comprehensive and collision coverage and the second pricing table uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Premium amounts do not factor in zip code location which can decrease or increase auto insurance rates considerably.

Based on the data above, we can derive that using a $250 deductible costs an average of $23 more each month or $276 each year than opting for the higher $1,000 deductible. Since you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 33 months between claims, you would most likely save money if you choose the higher deductible. Here’s how you can come to your own conclusion.

Rate difference between full and liability-only coverage

The chart below shows the comparison of Kia Soul insurance costs with and without full coverage. The data is based on no violations or accidents, $500 deductibles, marital status is single, and no policy discounts are applied.

When to stop buying physical damage coverage

There is no set guideline of when to stop paying for full coverage, but there is a general convention. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s assume your Kia Soul replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $5,000 after the deductible is paid. If it’s costing you more than $500 a year for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some circumstances where dropping physical damage coverage is not financially feasible. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not consider dropping full coverage.

Score discounts to get cheaper Portland insurance rates

Companies don’t always advertise every possible discount in an easy-to-find place, so the below list has a few of the more well known as well as some of the hidden discounts that you can inquire about if you buy Portland auto insurance online. If they aren’t giving you every credit available, you may be paying too high a price.

• Accident Forgiveness – This isn’t a discount exactly, but some insurance companies will let one accident slide before raising your premiums so long as you haven’t had any claims before the accident.
• Multi-policy Discount – When you combine your homeowners and auto insurance with one insurance company you may save up to 20% off your total Soul insurance premium.
• Telematics Data Discounts – Drivers that enable driving data submission to analyze driving habits through the use of a telematics system such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease if they have good driving habits.
• Good Student Discount – This discount can save 20 to 25%. Most companies allow this discount until age 25.
• Responsible Drivers – Drivers without accidents can get discounts for up to 45% lower rates than their less cautious counterparts.
• Use Seat Belts – Drivers who require all occupants to buckle up before driving can save up to 15% off PIP or medical payments premium.

Policy discounts save money, but many deductions do not apply to all coverage premiums. Some only reduce specific coverage prices like liability and collision coverage. So when it seems like having all the discounts means you get insurance for free, it’s just not the way it works.

The diagram below illustrates the difference between Kia Soul auto insurance rates with and without some available policy discounts. The rates are based on a female driver, a clean driving record, no at-fault accidents, Oregon state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, claim-free, safe-driver, and marriage discounts applied.

A few companies that may include some of the discounts shown above include:

• State Farm
• Liberty Mutual
• American Family
• Progressive
• Farmers Insurance
• Auto-Owners Insurance
• SAFECO

If you need lower rates, check with every insurance company which discounts they offer. Depending on the company, some discounts may not apply to policyholders in your area.

Auto insurance agents are professional risk managers

Some people prefer to sit down and talk to an agent and that can be a great decision One of the great benefits of price shopping on the web is that you can obtain the lowest rates but still work with a licensed agent.

To make it easy to find an agent, after completing this simple form, your information is instantly submitted to companies in Portland that give free quotes to get your business. There is no need to contact any insurance agencies since rate quotes are delivered directly to your email. You can find the lowest rates and work with a local agent. If you need to get a comparison quote from a specific car insurance provider, you just need to find their quoting web page and fill out their quote form.

Selecting an provider should include more criteria than just the premium amount. Here are some questions you might want to ask.

• What is their Better Business Bureau rating?
• Are they paid to recommend certain coverages?
• Are they able to influence company decisions when a claim is filed?
• Will the company cover a rental car if your car is getting fixed?
• What discounts might you be missing?
• How is replacement cost determined on your vehicle?
• In the event of vehicle damage, can you pick the collision repair facility?

When finding a reliable agent, it’s important to understand the different types of agents and how they are distinctly different. Agents may be either independent or exclusive.

Exclusive Insurance Agencies

Exclusive agents are contracted to one company and examples are State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents cannot give you multiple price quotes so they have to upsell other benefits. Exclusive agents are trained well on their company’s products which helps them compete with independent agents.

The following is a short list of exclusive insurance agencies in Portland willing to provide comparison quotes.

More insurance agents

Independent Car Insurance Agencies

Agents that elect to be independent are not restricted to one company and that is an advantage because they can write policies with many different companies and potentially find a lower price. If your agent finds better pricing, the agent simply finds a different carrier and the insured can keep the same agent.

If you are comparing rate quotes, you will definitely want to check rates from at least one independent agent to ensure the widest selection of prices.

The following is a short list of independent insurance agencies in Portland that can give you comparison quotes.

More insurance agents

After receiving acceptable answers to any questions you may have and a low price estimate, most likely you have located an insurance agency that can properly insure your vehicles.

What is YOUR best insurance company?

As you prepare to switch companies, it’s not a good idea to buy less coverage just to save a little money. There have been many situations where an accident victim reduced comprehensive coverage or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to get the best coverage possible at a price you can afford, but do not skimp to save money.

Cost effective Kia Soul insurance can be bought online and also from your neighborhood Portland agents, so you need to quote Portland auto insurance with both in order to have the best price selection to choose from. Some insurance companies may not offer the ability to get quotes online and many times these smaller providers prefer to sell through independent agents.

How to find cheaper rates for Kia Soul insurance in Portland

The easiest way to get affordable Kia Soul insurance is to regularly compare prices from insurers who sell auto insurance in Portland.

Step 1: Take a little time to learn about auto insurance and the steps you can take to keep rates in check. Many rating criteria that increase rates like at-fault accidents, speeding tickets, and your credit history can be remedied by making minor changes in your lifestyle.

Step 2: Obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO or State Farm, while independent agencies can give you price quotes from multiple insurance companies.

Step 3: Compare the new rate quotes to your existing coverage to see if a cheaper price is available. If you can save some money and buy the policy, make sure there is no coverage gap between policies.

One important bit of advice is to use similar limits and deductibles on each price quote and and to get rate quotes from as many companies as feasibly possible. This provides a level playing field and the most accurate and complete price analysis.

To read more, feel free to browse the following helpful articles:

• How to Avoid Buying a Flooded Car (Insurance Information Institute)
• How Much is Portland Car Insurance for Young Drivers? (FAQ)
• Property Damage Coverage (Liberty Mutual)
• Safe Vehicles for Teens (iihs.org)