Would you like to find the cheapest Hyundai Accent insurance in Austin? Are you burned out from robbing Peter to pay Paul to keep your car insured? You are no different than millions of other people.
A recent insurance study revealed that over 70% of consumers kept their policy with the same company for over three years, and approximately 40% of consumers have never shopped around. Austin drivers could save themselves almost 70% a year, but they won’t spend time to find affordable insurance by shopping around.
Many insurers compete for your hard-earned dollar, so it’s not easy to compare every provider to find the lowest cost out there.
If you are insured now, you stand a good chance to be able to get lower rates using the techniques presented in this article. Locating the best rates in Austin is much easier if you know where to start. But Texas drivers do need to understand how insurance companies determine prices because rates are impacted by many factors.
When price shopping your coverage, more quotes will enable you to find lower pricing.
The following companies offer quotes in Texas. If multiple providers are shown, we suggest you click on several of them in order to find the cheapest rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $210 | $502 | $366 | $22 | $110 | $1,210 | $101 |
| Accent GS 2-Dr Hatchback | $144 | $288 | $334 | $20 | $100 | $886 | $74 |
| Accent GLS 4-Dr Sedan | $136 | $378 | $486 | $28 | $146 | $1,174 | $98 |
| Accent SE 2-Dr Hatchback | $282 | $788 | $340 | $20 | $102 | $1,532 | $128 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Price information does not factor in specific location which can modify premium rates considerably.
Deductible comparison
The chart below illustrates how your choice of deductibles and can increase or decrease Hyundai Accent yearly insurance costs for different age groups. The rate quotes are based on a single female driver, comp and collision included, and no discounts are applied.
Deductible comparison
The hardest decision when buying coverage is how high should the physical damage coverage deductibles be. The following tables determine the rate difference between low and high physical damage coverage deductibles. The first pricing table uses a $250 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $218 | $408 | $324 | $20 | $96 | $1,091 | $91 |
| Accent GS 2-Dr Hatchback | $256 | $496 | $324 | $20 | $96 | $1,217 | $101 |
| Accent GLS 4-Dr Sedan | $256 | $584 | $430 | $26 | $128 | $1,449 | $121 |
| Accent SE 2-Dr Hatchback | $294 | $672 | $324 | $20 | $96 | $1,431 | $119 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $136 | $256 | $324 | $20 | $96 | $832 | $69 |
| Accent GS 2-Dr Hatchback | $158 | $312 | $324 | $20 | $96 | $910 | $76 |
| Accent GLS 4-Dr Sedan | $158 | $368 | $430 | $26 | $128 | $1,110 | $93 |
| Accent SE 2-Dr Hatchback | $182 | $424 | $324 | $20 | $96 | $1,046 | $87 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Rate information does not factor in your specific Austin location which can raise or lower price quotes substantially.
Based on the figures above, using a $250 deductible costs roughly $27 more each month or $324 annually than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 28 months between claim filings, you would save more money going with the higher deductible.
Hyundai Accent insurance rates: Men versus women
The chart below compares Hyundai Accent insurance premiums for male and female drivers. The data is based on a clean driving record, no claims, full coverage, $250 deductibles, drivers are single, and no policy discounts are applied.
Why you need vehicle insurance in Texas
Despite the potentially high cost of Hyundai Accent insurance, paying for insurance is mandatory in Texas but it also protects more than you think.
- Almost all states have mandatory insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability insurance coverage in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Accent has a loan, most banks will force you to have insurance to ensure loan repayment if the vehicle is totalled. If the policy lapses, the lender may insure your Hyundai at a much higher rate and require you to reimburse them for it.
- Insurance protects not only your vehicle but also your financial assets. It will also reimburse you for most medical and hospital costs for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance will also pay attorney fees if you are sued as the result of an accident. If you have damage to your Hyundai as the result of the weather or an accident, comprehensive and collision coverage will pay all costs to repair after the deductible has been paid.
The benefits of having insurance are without a doubt worth the cost, especially with large liability claims. But the average driver in Texas is overpaying more than $820 a year so compare rate quotes once a year at a minimum to ensure rates are inline.
The Hyundai Accent Insurance Cost Equation
The best way to find cheaper auto insurance is to take a look at the rating factors that come into play when calculating the level of your policy premiums. If you have a feel for what determines premiums, this enables informed choices that can help you get lower premium levels.
The following are some of the major factors used by companies to determine your rates.
How many coverages with the same company – Lots of companies will give discounts to insureds that buy multiple policies in the form of a multi-policy discount. Even if you qualify for this discount already, drivers will still want to get quotes from other companies to verify if the discount is saving money.
Little extras can really add up – Policies have extra bells and whistles that may not really be needed on your Accent policy. Coverages like replacement cost coverage, towing, and motor club memberships are some examples. They may sound like good ideas when discussing your needs, but if they’re wasting money get rid of them and save.
Responsible drivers pay lower rates – Being a careful driver impacts premiums far more than you think. Careful drivers receive lower rates as compared to careless drivers. Having just one speeding ticket or other violation can boost insurance rates by as much as twenty percent. Drivers who have received flagrant tickets like DWI, reckless driving or hit and run convictions may face state-mandated requirements to prove financial responsibility with their state’s department of motor vehicles in order to continue driving.
Younger driver insurance premiums – Inexperience drivers have a tendency to be inattentive with other occupants in the car so they pay higher auto insurance rates. Older drivers have been proven to be more responsible, are lower risk to insure, and tend to be get fewer driving tickets.
Where do you drive? – The higher the miles on your Hyundai annually the more you’ll pay to insure it. A lot of companies calculate prices determined by how the vehicle is used. Vehicles not used for work or commuting can be on a lower rate level as compared to vehicles used primarily for driving to work. Having an incorrect usage rating on your Accent may be costing you. Verify your auto insurance policy reflects the correct driver usage.
Insurance losses for a Hyundai Accent – Companies take into consideration historical loss data for every vehicle to calculate a price that will offset losses. Models that are shown to have a trend towards higher claim severity or frequency will have a higher cost to insure. The next table illustrates the historical insurance loss data for Hyundai Accent vehicles.
For each coverage category, the claim probability for all vehicles averaged together is considered to be 100. Percentage values below 100 mean the vehicle has better than average losses, while values that are above 100 point to more claims or statistically larger losses.
Auto Insurance Loss Data for Hyundai Accent Models
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Hyundai Accent | 98 | 109 | 89 | 129 | 129 | 133 |
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Discounts mean cheaper rates for Hyundai Accent insurance in Austin
Companies offering auto insurance don’t always list all discounts very clearly, so the following is a list of some of the more common as well as the least known ways to save on auto insurance. If they aren’t giving you every credit possible, you may be paying too high a price.
- Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn a lower auto insurance rate if you buy a life policy as well.
- ABS and Traction Control Discounts – Anti-lock brake equipped vehicles can reduce accidents and earn discounts up to 10%.
- Discount for Swiching Early – Some auto insurance companies give discounts for signing up before your current expiration date. Ten percent is about the average savings.
- College Student Discount – Youth drivers who are attending college without a vehicle on campus can receive lower rates.
- Drivers Education – Teen drivers should participate in a local driver’s education class as it will make them better drivers and lower rates.
- Military Discounts – Having a deployed family member may lower your auto insurance rates slightly.
- Waiver for an Accident – Not really a discount, but some companies like GEICO and Liberty Mutual will let one accident slide before hitting you with a surcharge so long as you haven’t had any claims for a set time period.
- Smart Student Discounts – Being a good student can save 20 to 25%. Many companies even apply the discount to college students up to age 25.
Remember that most credits do not apply to your bottom line cost. Most only reduce individual premiums such as comprehensive or collision. Just because it seems like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.
Auto insurance companies that may offer policyholders many of the previously listed discounts possibly include:
Before you buy a policy, ask each company or agent which discounts can lower your rates. Discounts may not be offered in your area. To locate insurers with significant discounts in Austin, click this link.
Will just any policy work for me?
Keep in mind that when it comes to choosing insurance from an agent or online for your vehicles, there is no cookie cutter policy. Your financial needs are unique.
For example, these questions might help in determining whether or not you might need an agent’s assistance.
- What does roadside assistance cover?
- Should I buy more coverage than the required Texas minimum liability coverage?
- Should I have combined single limit or split liability limits?
- Am I covered when using my vehicle for business?
- What is GAP insurance?
- How do I insure my teen driver?
- Is my state a no-fault state?
- How can I force my company to pay a claim?
If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form.
You may need help from an insurance agency
Certain consumers still like to buy from a local agent and that is a personal choice. One of the best bonuses of comparing rate quotes online is that drivers can save money and get cheap car insurance quotes and still have an agent to talk to. Supporting local insurance agencies is especially important in Austin.
After completing this simple form, the coverage information is submitted to insurance agents in Austin that give free quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to drive around as quotes are delivered to you instantly. You can find the lowest rates and an insurance agent to talk to. In the event you want to compare prices for a specific company, you just need to navigate to their website and complete a quote there.
The following is a short list of auto insurance companies in Austin willing to provide price quote information for Hyundai Accent insurance in Austin.
EZ Insurance Agency – North
7600 N Lamar Blvd # E – Austin, TX 78752 – (512) 445-2700 – View Map
Mitchamore Insurance Agency
560, 5316 W US Highway 290 Service Rd – Austin, TX 78735 – (512) 730-1424 – View Map
Allstate Insurance: Richard Harper
1807 W Slaughter Ln Ste 400 – Austin, TX 78748 – (512) 292-7410 – View Map
AUSTIN AREA INSURANCE AGENCY
8711 Burnet Rd – Austin, TX 78757 – (512) 253-8726 – View Map
Finding a good insurance company should depend on more than just the quoted price. Here are some questions you should ask.
- Does the agency provide any after hours assistance?
- Does the agency have a current Errors and Omissions policy?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- What companies can they write with?
- Can you contact them at any time?
Once you have received reasonable responses for all questions you ask and inexpensive Hyundai Accent insurance in Austin quotes, chances are good that you have found an insurance company that is professional and can service your policy. Just understand that you are entitled to cancel your coverage at any point so never assume that you are permanently stuck with any particular company for the full term.
Cheaper insurance is a realistic goal
Lower-priced insurance in Austin can be purchased online and from local agencies, and you need to comparison shop both so you have a total pricing picture. Some insurance companies don’t offer internet price quotes and many times these regional insurance providers work with independent insurance agencies.
In this article, we presented many ideas to compare Hyundai Accent insurance car insurance rates in Austin. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers could even find that the best price on insurance is with a small local company.
Drivers who switch companies do it for many reasons like denial of a claim, an unsatisfactory settlement offer, unfair underwriting practices or even policy non-renewal. Regardless of your reason for switching companies, finding a great new company is easier than you think.
Additional detailed information can be read at these sites:
- What is a Telematics Device? (Allstate)
- Who Has Cheap Auto Insurance for a Ford F-150 in Austin? (FAQ)
- Who Has the Cheapest Austin Auto Insurance for 19 Year Olds? (FAQ)
- Who Has Affordable Austin Car Insurance Rates for Teenage Males? (FAQ)
- Who Has Affordable Austin Car Insurance Quotes for 16 Year Olds? (FAQ)
- How Much are Austin Car Insurance Quotes for a Toyota Camry? (FAQ)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Five Mistakes to Avoid (Insurance Information Institute)
- A Tree Fell on Your Car: Now What? (Allstate)