It’s easy to assume that car insurance companies want to keep you from shopping around. People who shop around for cheaper rates will, in all likelihood, switch insurance companies because there is a good probability of finding a policy with more affordable rates. Remarkably, a study showed that drivers who shopped around every year saved an average of $865 annually compared to those who never shopped around for lower prices.
If finding the cheapest price on Kia Soul EV insurance in Indianapolis is the reason you’re here, learning the best way to quote and compare auto insurance can make it easier for you to save money.
If saving the most money is your goal, then the best way to save money on Kia Soul EV insurance is to start comparing prices regularly from providers that insure vehicles in Indianapolis.
- Spend some time learning about auto insurance and the steps you can take to prevent rate increases. Many rating factors that are responsible for high rates like at-fault accidents, careless driving, and an unacceptable credit history can be amended by making minor changes in your lifestyle.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from a single company like GEICO or Allstate, while independent agents can give you price quotes for a wide range of companies.
- Compare the new quotes to your current policy premium to see if a cheaper rate is available in Indianapolis. If you find better rates, make sure coverage does not lapse between policies.
- Provide notification to your current agent or company of your intention to cancel your existing policy. Submit a signed application and payment to the new company. Once coverage is bound, put the new certificate verifying proof of insurance in an easily accessible location in your vehicle.
An important note is to use similar limits and deductibles on each quote request and and to get quotes from every company you can. This enables an accurate price comparison and many rates to choose from.
Locating the best insurance company for you in Indianapolis can be much easier if you know how to start. In essence, every driver who is shopping for car insurance will probably be able to find better rates. But Indiana car owners do need to understand how the larger insurance companies determine how much to charge and use it to your advantage.
Auto insurance providers offering low-cost rates in Indiana
The companies shown below are ready to provide quotes in Indianapolis, IN. If several companies are displayed, we suggest you visit as many as you can to find the most affordable auto insurance rates.
Lower-cost Kia Soul EV insurance rates in Indianapolis
Auto insurance companies do not advertise their entire list of discounts in an easy-to-find place, so the list below details a few of the more common and the harder-to-find credits available to bring down your rates.
- Anti-theft Discount – Cars and trucks that have factory anti-theft systems help deter theft and that can save you a little bit as well.
- New Car Discount – Insuring a vehicle that is new can save up to 30% because new vehicles keep occupants safer.
- Pay Upfront and Save – By making one initial payment rather than spreading payments over time you can avoid monthly service charges.
- Employee of Federal Government – Being employed by or retired from a federal job can save as much as 8% with select insurance companies.
- Driver Training Discounts – Taking part in a course that instructs on driving safety could earn you a small percentage discount and also improve your driving technique.
Policy discounts save money, but most discounts do not apply to all coverage premiums. Most cut the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like adding up those discounts means a free policy, nobody gets a free ride.
Companies and some of their more popular discounts are included below.
- 21st Century offers discounts for teen driver, student driver, theft prevention, defensive driver, and 55 and older.
- State Farm may include discounts for good driver, passive restraint, accident-free, multiple autos, driver’s education, multiple policy, and safe vehicle.
- AAA has discounts for education and occupation, anti-theft, AAA membership discount, good student, and pay-in-full.
- Liberty Mutual offers discounts including teen driver discount, preferred payment discount, newly retired, hybrid vehicle, and multi-car.
- Progressive has savings for continuous coverage, homeowner, online signing, multi-vehicle, and online quote discount.
Check with each company or agent which discounts they offer. Savings may not apply to policyholders in your state.
When should I have guidance from an agent?
A lot of people would prefer to talk to a local agent and that is not a bad decision A good thing about comparing insurance online is you may find the best rates but also keep your business local.
For easy comparison, once you complete this simple form, your information gets sent to companies in Indianapolis that can give you free Indianapolis auto insurance quotes for your insurance coverage. It makes it easy because there is no need to find an agent since price quotes are sent straight to your inbox. You can find better rates and a licensed agent to talk to. In the event you want to get a comparison quote from a specific company, you would need to go to their quote page and complete a quote there.
Finding the right company should include more criteria than just a cheap quote. These are some questions you should get answers to.
- Is the quote a firm price?
- Is assistance available after office hours?
- If you raise deductibles, how much can you save?
- Can you use your own choice of collision repair facility?
- Will their companies depreciate repairs to your car based on the mileage?
- Are they primarily personal or commercial lines agents in Indianapolis?
Do you need an independent or exclusive auto insurance agent?
When narrowing the list to find a reliable insurance agency, it’s important to understand the different types of agents and how they can write your policy. Insurance agencies are categorized either independent agents or exclusive agents.
Exclusive Insurance Agents
These type of agents normally can only provide a single company’s rates and examples are Farmers Insurance, State Farm, or Allstate. They are unable to place coverage with different providers so they have to upsell other benefits. These agents are well schooled on what they offer which helps offset the inability to provide other markets.
Shown below is a short list of exclusive agents in Indianapolis who can help you get price quote information.
Independent Agents (or Brokers)
Independent agents are not required to write business for one company and that gives them the ability to insure through many different insurance companies and get the cheapest rates. To move your coverage to a new company, they simply move your policy to a different company and you can keep the same agent.
When comparison shopping, you will definitely want to get some free quotes from a few independent agents so that you have a good selection of quotes to compare.
Listed below is a short list of independent insurance agents in Indianapolis who can help you get rate quotes.
Indiana Discount Insurance
5502 N Keystone Ave – Indianapolis, IN 46220 – (317) 863-0349 – View Map
Upon getting satisfactory answers and locked in a price quote, it’s possible that you found a car insurance agent that is professional and can insure your vehicles. But remember, you are entitled to terminate coverage at any time so never assume you are locked into any specific company for a certain time period.
Specific coverage details
Knowing the specifics of car insurance aids in choosing which coverages you need for your vehicles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Below you’ll find the usual coverages offered by car insurance companies.
Comprehensive (Other than Collision)
Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as hail damage, vandalism, damage from getting keyed and damage from flooding. The most you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
This will cover injuries or damage you cause to people or other property. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/10 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $10,000 of coverage for damaged property.
Liability can pay for things like pain and suffering, emergency aid and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford. Indiana state law requires minimum liability limits of 25/50/10 but drivers should carry more liability than the minimum.
The next chart demonstrates why buying minimum limits may not be adequate.
Medical expense insurance
Coverage for medical payments and/or PIP kick in for expenses such as hospital visits, ambulance fees, prosthetic devices, surgery and nursing services. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as being hit by a car walking across the street. PIP is only offered in select states and may carry a deductible
Auto collision coverage
Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against things like backing into a parked car, scraping a guard rail and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible on your Soul EV to save money on collision insurance.
Protection from uninsured/underinsured drivers
This provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Kia Soul EV.
Since many Indiana drivers have only the minimum liability required by law (25/50/10 in Indiana), their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.
More effort can pay off
As you shop your coverage around, it’s a bad idea to reduce needed coverages to save money. There are a lot of situations where an accident victim reduced collision coverage only to find out that their decision to reduce coverage ended up costing them more. Your focus should be to buy a smart amount of coverage at an affordable rate, but don’t skip important coverages to save money.
Throughout this article, we presented a lot of ways to shop for Kia Soul EV insurance online. The key thing to remember is the more rate quotes you have, the better likelihood of getting the cheapest Kia Soul EV rate quotes. Consumers may even find the best price on car insurance is with a small local company. They often have lower auto insurance rates on specific markets than their larger competitors like Allstate or State Farm.
More detailed car insurance information is available by following these links:
- Should I Buy a New or Used Car? (Allstate)
- What Insurance is Cheapest for Drivers Over Age 60 in Indianapolis? (FAQ)
- How Much are Indianapolis Car Insurance Quotes for Drivers Over Age 70? (FAQ)
- Who Has Affordable Indianapolis Car Insurance Quotes for Business Use? (FAQ)
- Who Has Cheap Indianapolis Auto Insurance for a Company Car? (FAQ)
- How Much are Indianapolis Car Insurance Rates for a Hyundai Sonata? (FAQ)
- How Much are Indianapolis Car Insurance Quotes for a School Permit? (FAQ)
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Airbag FAQ (iihs.org)
- Eight Auto Insurance Myths (Insurance Information Institute)
- Auto Insurance Basics (Insurance Information Institute)