Auto Insurance Quotes for a Kia Soul in New Orleans

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Kia Soul insurance cost
Kia Soul insurance cost image courtesy of QuoteInspector.com

Insurance quote for Kia Soul in New OrleansHow many years has it been since you compared cheaper auto insurance rates in New Orleans, LA? New Orleans consumers have lots of choices when looking for the best price on Kia Soul insurance. You can either spend your time struggling with agents getting price quotes or save time using the internet to get rate quotes. There are more efficient ways to shop for auto insurance so you're going to learn the best way to compare rates for a Kia and locate the lowest possible price from both online companies and New Orleans agents.

Getting a cheap price on Kia Soul insurance is actually easier than you may think. Drivers just need to take a few minutes comparing rates to find out which insurance company has cheaper New Orleans car insurance quotes.

The companies in the list below are our best choices to provide price comparisons in New Orleans, LA. If multiple companies are listed, we suggest you visit two to three different companies to get a more complete price comparison.

Detailed insurance information

The data table below highlights estimates of coverage costs for Kia Soul models. Having a better idea how auto insurance policy rates are determined helps drivers make informed coverage decisions.

Kia Soul Insurance Rates in New Orleans, LA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Soul $344 $744 $524 $32 $158 $1,802 $150
Soul Plus $344 $744 $524 $32 $158 $1,802 $150
Soul Exclaim $388 $744 $524 $32 $158 $1,846 $154
Soul Sport $388 $744 $524 $32 $158 $1,846 $154
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Rate quotes do not factor in specific New Orleans garaging location which can modify auto insurance rates considerably.

The illustration below demonstrates how choosing different deductibles and can impact Kia Soul insurance prices for different insured age categories. The price estimates are based on a single male driver, full coverage, and no discounts are factored in.

Bad driving habits will cost you more

The information below illustrates how violations and accident claims raise Kia Soul car insurance rates for different age groups of insureds. The premium estimates are based on a married male driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.

Full coverage versus liability-only in New Orleans

The illustration below visualizes the comparison of Kia Soul insurance costs with full coverage compared to only the Louisiana minimum liability coverage. The price estimates are based on no violations or accidents, $500 deductibles, single marital status, and no discounts are factored in.

When to buy liability coverage only

There is no exact formula of when to eliminate physical damage coverage, but there is a general guideline. If the annual cost of your full coverage insurance is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let's pretend your Kia Soul settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $2,000 after paying your policy deductible. If you are paying in excess of $200 annually for your policy with full coverage, then it may be the right time to buy liability only.

There are a few situations where dropping physical damage coverage is not advised. If you still have a loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

Cheap New Orleans insurance quotes with discounts

Car insurance companies don't always publicize the entire discount list in an easy-to-find place, so here is a list a few of the more well known and the more hidden credits available to bring down your rates.Cheaper insurance with discounts

  • Discounts for New Vehicles - Adding a new car to your policy can be considerably cheaper due to better safety requirements for new vehicles.
  • Seat Belt Discounts - Drivers who require all occupants to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.
  • College Student Discount - Older children who live away from home to go to college and don't have a car could get you a discount.
  • Air Bag Discount - Cars that have air bags or motorized seat belts may get savings up to 30%.
  • Online Discount - A few larger companies will give you a small discount for buying your policy digitally online.
  • Military Rewards - Having a family member in the military may lower your rates slightly.
  • Theft Deterrent Discount - Cars equipped with anti-theft or alarm systems help deter theft so companies will give you a small discount.
  • Anti-lock Brakes - Vehicles equipped with ABS or steering control can avoid accidents and qualify for as much as a 10% discount.
  • Multi-policy Discount - If you insure your home and vehicles with one company they may give you a discount of at least 10% off all policies.
  • Discounts for Multiple Vehicles - Buying a policy with all your vehicles on one policy can get a discount on all vehicles.

As is typical with insurance, most credits do not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like collision or personal injury protection. Despite the appearance that all those discounts means the company will pay you, companies don't profit that way.

The diagram below compares Kia Soul yearly insurance costs with and without policy discounts. The data is based on a female driver, a clean driving record, no claims, Louisiana 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 safe-driver, claim-free, multi-policy, homeowner, marriage, and multi-car discounts applied.

Popular insurance companies and some of their more popular discounts can be read below.

  • State Farm may include discounts for driver's education, passive restraint, Steer Clear safe driver discount, Drive Safe & Save, multiple policy, good student, and good driver.
  • Progressive may offer discounts for homeowner, online signing, multi-vehicle, multi-policy, and online quote discount.
  • Progressive has savings for multi-vehicle, good student, online quote discount, continuous coverage, homeowner, and multi-policy.
  • MetLife offers premium reductions for good student, accident-free, multi-policy, claim-free, defensive driver, good driver
  • Farm Bureau offers discounts for renewal discount, driver training, safe driver, youthful driver, multi-vehicle, and multi-policy.
  • GEICO has discounts for military active duty, defensive driver, daytime running lights, emergency military deployment, membership and employees, and seat belt use.
  • SAFECO offers discounts including teen safe driver, drive less, anti-lock brakes, safe driver, and teen safety rewards.

If you want the cheapest Kia Soul rate quotes, ask all companies you are considering the best way to save money. Some discounts listed above might not be offered on policies in New Orleans. To view insurance companies that offer many of these discounts in New Orleans, follow this link.

Three main reasons to buy insurance

Despite the high cost of buying insurance for a Kia Soul in New Orleans, paying for insurance is required for several reasons.

  • Just about all states have minimum mandated liability insurance limits which means the state requires a specific level of liability coverage if you don't want to risk a ticket. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you took out a loan on your Kia, most banks will make it mandatory that you have full coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Kia for a much higher rate and require you to reimburse them much more than you were paying before.
  • Insurance protects both your Kia Soul and your personal assets. It will also cover medical expenses for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if anyone sues you for causing an accident. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.

The benefits of insuring your car definitely exceed the price paid, particularly when you have a large claim. According to a 2015 survey, the average American driver is overpaying over $800 each year so compare quotes from several companies at every renewal to ensure rates are inline.

Insurance agencies can help

Many people would prefer to sit down and talk to an agent and there is nothing wrong with that. Most agents can answer important questions and help in the event of a claim. One of the great benefits of comparing insurance prices online is that you can find the lowest rates and also buy local.

After completing this simple form, the coverage information is immediately sent to insurance agents in New Orleans who will give you bids for your insurance coverage. You won't even need to find an agent since rate quotes are delivered immediately to your email address. If you want to get a comparison quote for a specific company, you would need to find their quoting web page and fill out the quote form the provide.

Deciding on a provider requires more thought than just the price. Here are some questions you should ask.

  • Are they properly licensed to sell insurance in Louisiana?
  • Are they able to influence company decisions when a claim is filed?
  • Does the agency support the community they serve?
  • If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
  • Do they prorate repair cost based on vehicle mileage?
  • Is assistance available after office hours?

If you want to buy car insurance from a local insurance agency, there are two types of insurance agents and how they differ in how they quote coverages. New Orleans agents are categorized either exclusive agents or independent agents. Both types of agents can properly insure your vehicles, but it's worth learning how they differ since it can impact buying decisions.

Exclusive Insurance Agencies

Agents of this type normally can only provide a single company's rates such as Farmers Insurance or State Farm. Exclusive agents cannot shop your coverage around so if the price isn't competitive there isn't much they can do. These agents are usually well trained on sales techniques which helps them sell insurance even at higher premiums. Consumers often use the same agent partially due to the prominence of the brand rather than having low rates.

Below is a list of exclusive insurance agents in New Orleans who may provide you with comparison quotes.

More New Orleans agents

Independent Agents (or Brokers)

These agents are not locked into one company and that is an advantage because they can write policies with an assortment of companies and find the cheapest car insurance rates. If your premiums go up, they simply switch companies in-house which requires no work on your part.

When comparing rates, we recommend you get several quotes from a few independent agents so that you have a good selection of quotes to compare. Most also have access to less well-known companies which may have better rates.

Below is a short list of independent agencies in New Orleans that are able to give price quotes.

More New Orleans agents