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Compare the Cost of Kia Soul EV Insurance by Model Year and Company
MoneyGeek’s study shows that insuring a Kia Soul EV costs $1,476 per year on average. It’s slightly more expensive than the average car insurance rate, which makes the Kia Soul EV’s insurance cost moderately-priced. However, your rates can vary depending on your insurer and your car’s model year.
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Last Updated: 5/18/2022
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Mark Fitzpatrick
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When you’re looking to insure your Kia Soul EV, you may notice that premiums vary from one company to another. It pays to shop around and compare quotes from different insurers so you can have the lowest price possible. Insurance quotes for your Kia Soul EV from each insurer will change depending on your car’s model year.
Key Takeaways for Kia Soul EV Insurance
Car insurance for a Kia Soul EV costs $1,476 per year on average. This is roughly $49 higher than the average car insurance cost.
Depending on the provider, the insurance cost for a Kia Soul EV can change by up to $997 per year on average.
Insurance rates can vary by model year. Typically the older your car is, the lower your rates will be.
How Much It Costs to Insure a Kia Soul EV and the Cheapest Company
While the average cost of insuring your Kia Soul EV is $1,476 per year, insurance rates greatly change depending on the company.
GEICO is the cheapest car insurance provider for a Kia Soul EV at $1,041 per year on average, while Allstate has the most expensive offer at an average cost of $2,038 per year. Comparing quotes from insurance companies can give you as much as $997 in average savings.
The Average Annual Cost of Kia Soul EV Insurance by Company
In this guide, MoneyGeek gathered car insurance rates for a 40-year-old male sample driver with a 100/300/100 liability insurance policy with comprehensive and collision coverages.
The Average Cost to Insure a Kia Soul EV by Company
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- CompanyAverage Annual Rates
- 1.$1,041
- 2.$1,193
- 3.$1,389
- 4.$1,460
- 5.$1,519
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Is a Kia Soul EV Expensive to Insure?
Various factors determine car insurance rates. Companies evaluate a car’s model year, type and theft rate, among many other factors, when considering the risks of insuring a vehicle.
The Kia Soul EV is a moderately expensive car to insure. It is a high-value electric car, which greatly increases its repair costs. These factors are just a couple of the reasons why the Kia Soul EV is moderately priced when it comes to insurance costs.
The Best Car Insurance Company for a Kia Soul EV
Cost alone shouldn’t determine your decision when buying car insurance for a Kia Soul EV. Other factors need to be considered as well.
MoneyGeek analyzed car insurance companies based on affordability, customer complaints, customer satisfaction, and financial stability. Our analysis reveals that:
- USAA is the best car insurance company for a Kia Soul EV, but it’s only available to military members and their families.
- GEICO is the next-best car insurance company for a Kia Soul EV.
1
USAA
Score:95.2
2
GEICO
Score:89.5
3
Nationwide
Score:83.3
4
State Farm
Score:81.8
5
Progressive
Score:79
6
Allied
Score:NaN
7
Allstate
Score:69
How Much It Costs to Insure a Kia Soul EV by Model Year
Insuring older car models tends to be cheaper. As the car’s value depreciates, its comprehensive and collision insurance also becomes less expensive. Although Kia Soul EV only has one model year available, the same principle will be applied to it in the future.
The average cost of car insurance for a 2020 Kia Soul EV is $1,476 per year. GEICO has the cheapest offer at an average rate of $1,041 per year.
Use your model year to find the cheapest insurance company for your Kia Soul EV.
The Average Cost to Insure a Kia Soul EV by Model Year
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- CompanyAverage Annual Rates (2020 model)
- 1.$1,041
- 2.$1,193
- 3.$1,389
- 4.$1,460
- 5.$1,519
How Expensive Is It to Insure a Kia Soul EV Compared to Other Cars?
Car insurance for a Kia Soul EV is moderately-priced, even though it’s a high-value electric car. Insuring a Kia Soul EV costs $1,476 per year on average, which makes it roughly $49 more expensive compared to the average car insurance rate for all models in our data.
How Much It Costs to Insure a Kia Soul EV for 16- to 25-Year-Olds
Insurance companies consider younger drivers to be risky due to their lack of driving experience. As a result, their car insurance rates are significantly more expensive.
On average, car insurance for an 18-year-old driver with a Kia Soul EV is $4,819 per year. A younger driver pays $3,342 more compared to what a 40-year-old driver pays.
Teenage drivers can be included in their parents’ policies to save money. It’s very expensive for a teenage driver to buy car insurance on their own.
Use our table below to find the cost of car insurance for drivers aged 16 to 25.
The Average Cost to Insure a Kia Soul EV by Driver Age
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- AgeAverage Annual Rates
- 16$6,178
- 17$5,473
- 18$4,819
- 19$3,451
- 20$3,081
How Does Location Affect the Cost of Kia Soul EV Insurance?
While the car insurance rates in this guide are based on a national average, your actual rates can change depending on where you live. You can learn more about how car insurance varies across individual states with our state page analysis.
FAQs About Kia Soul EV Insurance
Car insurance companies evaluate various factors to determine your insurance rate, and the model of your car significantly affects the cost of your car insurance. To help you find the right insurer, we answered some frequently asked questions about insuring a Kia Soul EV.
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Methodology
MoneyGeek gathered thousands of car insurance quotes for a Kia Soul EV across all available model years. For this guide, our sample driver is a 40-year-old male buying a full coverage policy with the following coverages:
- $100,000 in bodily injury liability insurance per person
- $300,000 in bodily injury liability insurance per accident
- $100,000 in property damage liability insurance per accident
- Comprehensive and collision insurance with a $1,000 deductible
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