Did you come to the realization that you have overpriced Kia Soul EV insurance in Milwaukee? Don’t sweat it because there are lots of Milwaukee residents who feel the same.
Surprisingly, a recent survey revealed that almost 70% of drivers have stayed with the same insurance company for more than four years, and 38% of drivers have never quoted rates to find lower-cost coverage. With the average premium in Wisconsin being $1,300, drivers could save an average of $400 each year, but they don’t believe the amount of money they would save if they swap their current policy for a cheaper one.
You have so many car insurance companies to choose from, and although it’s nice to have a selection, too many choices makes it more difficult to find a good deal for Kia Soul EV insurance in Milwaukee.
It is always a good idea to take a look at other company’s rates before your policy renews because auto insurance prices are rarely the same from one policy term to another. Even if you think you had the lowest rate on Kia Soul EV insurance in Milwaukee six months ago there may be better deals available now. Ignore everything you know about auto insurance because you’re about to learn the fastest way to save money, get proper deductibles and limits, all at the lowest rate.
This article’s goal is to let you in on the best way to quote coverages and how to save the most money. If you currently have a car insurance policy, you will surely be able to lower your rates using these methods. Nevertheless, Wisconsin consumers do need to know how big insurance companies calculate your auto insurance rates and use this information to your advantage.
It’s important to know that more quotes will increase your chances of finding the best rates. Some insurance companies are not set up to provide price estimates online, so it’s important to compare price estimates from them, too.
The providers in the list below can provide quotes in Milwaukee, WI. If more than one company is shown, we suggest you visit as many as you can to get a more complete price comparison.
Car insurance is not optional in Wisconsin
Despite the high cost, buying car insurance is required in Wisconsin but it also protects you in many ways.
- Just about all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a minimum amount of liability in order to drive the car legally. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your vehicle with a loan, it’s most likely the lender will make it mandatory that you buy full coverage to guarantee their interest in the vehicle. If you do not keep the policy in force, the lender may have to buy a policy to insure your Kia at a much higher rate and make you pay for the much more expensive policy.
- Insurance protects both your vehicle and your personal assets. It will also reimburse you for hospital and medical expenses for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if you are sued as the result of your driving. If you have damage to your Kia as the result of the weather or an accident, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of buying car insurance more than offset the price you pay, especially when you need to use it. But the average American driver overpays more than $830 a year so compare quotes from several companies once a year at a minimum to save money.
Big brands don’t always mean big savings
Auto insurance companies such as 21st Century, Allstate and State Farm constantly bombard you with ads in print and on television. They all seem to tend to make the same promise about saving some big amount if you get a free Milwaukee auto insurance quote and switch your coverage. Is it even possible that every company can save you money on Kia Soul EV insurance in Milwaukee? Here is the trick they use.
Auto insurance companies are able to cherry pick for the type of driver that will be a good risk. An example of a desirable insured might be over the age of 50, has never had a claim, and drives less than 10,000 miles a year. A driver who fits those characteristics is entitled to the best price and will also save some money.
Potential insureds who fall outside this ideal profile may be required to pay higher rates which leads to the prospect going elsewhere. The ads say “customers who switch” not “everyone that quotes” save that kind of money. That’s why companies can truthfully lure you into getting a quote.
Because of this risk profiling, you should compare price quotes frequently. Because without a comparison, you cannot know which company will have the lowest rate quotes.
Discounts can help to save on Kia Soul EV insurance in Milwaukee
Not many people think insurance is cheap, but there could be significant discounts that could drop your premiums quite a bit. Some trigger automatically when you complete an application, but lesser-known reductions have to be specifically requested before you get the savings.
- Senior Citizens – If you’re over the age of 55, you are able to get better insurance rates.
- Safety Course Discount – Passing a class that teaches safe driver techniques can save you 5% or more and make you a better driver.
- Good Students Pay Less – This discount can save 20 to 25%. The good student discount can last until age 25.
- Onboard Data Collection – Insureds who allow companies to spy on driving patterns by using a telematic data system like Allstate’s Drivewise could possibly reduce rates if they exhibit good driving behavior.
- Sign Online – Certain larger companies give back up to $50 for buying your policy online.
- Full Payment Discount – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save 5% or more.
- Service Members Pay Less – Having an actively deployed family member could mean lower prices.
As a disclaimer on discounts, most discount credits are not given to the whole policy. Most only reduce the price of certain insurance coverages like medical payments or collision. Just because it seems like all those discounts means the company will pay you, that’s just not realistic. Any amount of discount should definitely cut the cost of your policy.
A few of the larger companies and their possible discounts can be found below.
- 21st Century may have discounts that include student driver, homeowners, anti-lock brakes, air bags, early bird, automatic seat belts, and good student.
- Progressive has discounts for multi-vehicle, online signing, good student, online quote discount, homeowner, multi-policy, and continuous coverage.
- State Farm policyholders can earn discounts including safe vehicle, Steer Clear safe driver discount, anti-theft, defensive driving training, good student, student away at school, and multiple autos.
- Nationwide offers premium reductions for anti-theft, Farm Bureau membership, defensive driving, business or organization, easy pay, and family plan.
- Esurance includes discounts for DriveSense, anti-theft, renters, multi-car, good student, and good driver.
- The Hartford discounts include driver training, bundle, anti-theft, air bag, good student, defensive driver, and vehicle fuel type.
When getting free Milwaukee auto insurance quotes, it’s a good idea to every prospective company what discounts are available to you. Some discounts listed above may not apply to policies in every state. To find insurance companies offering insurance discounts in Milwaukee, follow this link.
Can’t I compare rate quotes from local Milwaukee insurance agents?
Many drivers still prefer to get advice from a local agent and that is not a bad decision A good thing about price shopping on the web is the fact that drivers can get better rates and still choose a local agent. Buying insurance from local insurance agencies is still important in Milwaukee.
After completing this short form, your insurance coverage information gets sent to insurance agents in Milwaukee who want to provide quotes for your insurance coverage. You won’t need to find an agent because quoted prices will be sent to the email address you provide. You can find lower rates without the usual hassles of price shopping. If you want to get a price quote from one company in particular, you just need to jump over to their website and fill out their quote form.
Choosing an company requires you to look at more than just a cheap price. These questions are important to ask:
- How often do they review coverages?
- Does the agent recommend any additional coverage?
- What discounts might you be missing?
- Where are claims handled?
- Does the agency provide any after hours assistance?
- Does the agent have professional designations like CIC, CPCU or AIC?
- Is the agent and/or agency licensed to do business in Wisconsin?
Coverage specifics
Having a good grasp of car insurance can be of help when determining appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages offered by car insurance companies.
Comprehensive protection
Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as hitting a deer, hail damage, hitting a bird and falling objects. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Uninsured or underinsured coverage
This provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Kia Soul EV.
Since a lot of drivers only purchase the least amount of liability that is required (25/50/10 in Wisconsin), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally these coverages are similar to your liability insurance amounts.
Medical expense coverage
Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like doctor visits, hospital visits, EMT expenses, chiropractic care and pain medications. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible
Liability
Liability coverage provides protection from damage or injury you incur to other people or property by causing an accident. It protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/10 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and a limit of $10,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage protects against things such as attorney fees, bail bonds, funeral expenses and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but you should buy as much as you can afford. Wisconsin state law requires minimum liability limits of 25/50/10 but drivers should carry higher limits.
Collision coverage protection
Collision coverage pays for damage to your Soul EV resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things like colliding with another moving vehicle, backing into a parked car, damaging your car on a curb, hitting a mailbox and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to choose a higher deductible on your Soul EV to save money on collision insurance.
Don’t give up on cheaper premiums
Throughout this article, we presented some good ideas how to save on Kia Soul EV insurance in Milwaukee. The key thing to remember is the more times you quote, the more likely it is that you will get a better rate. Consumers may even find the biggest savings come from a smaller regional carrier. These smaller insurers may have significantly lower premium rates on certain market segments compared to the large companies like State Farm, GEICO and Nationwide.
As you quote Milwaukee auto insurance, it’s very important that you do not sacrifice coverage to reduce premiums. There are many occasions where consumers will sacrifice liability coverage limits only to discover later that the small savings ended up costing them much more. The ultimate goal is to find the BEST coverage at a price you can afford, but do not skimp to save money.
Lower-priced Kia Soul EV insurance in Milwaukee can be sourced online in addition to many Milwaukee insurance agents, and you need to price shop both so you have a total pricing picture. Some insurance providers do not provide rate quotes online and these regional carriers only sell through independent agents.
Additional articles
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- What Auto Insurance is Cheapest for a Nissan Sentra in Milwaukee? (FAQ)
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- How Much are Milwaukee Car Insurance Rates for a Chevrolet Silverado? (FAQ)
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- How Much are Car Insurance Rates for Drivers with Accidents in Milwaukee? (FAQ)
- How Much are Milwaukee Auto Insurance Rates for Drivers with a Bad Driving Record? (FAQ)
- Who Has Cheap Milwaukee Auto Insurance Quotes for Uber Drivers? (FAQ)
- What Car Insurance is Cheapest for Low Credit Scores in Milwaukee? (FAQ)
- State Laws for Cellphones and Texting (iihs.org)
- What is Gap Insurance? (Insurance Information Institute)
- Property Damage Coverage (Liberty Mutual)
- Where can I buy Insurance? (Insurance Information Institute)