Save Money on Hyundai Sonata Insurance in Austin

How many times have you said it’s time to compare more competitive Hyundai Sonata insurance in Austin? Purchasing low-cost Austin Hyundai Sonata insurance quotes over the internet is somewhat difficult for beginners to comparing and buying insurance online. With literally dozens of insurers to choose from, how can Austin drivers have a chance to compare every possible option in order to find the best pricing?

It’s hard to fathom, but the vast majority of Texas insurance customers have remained with the same insurance company for at least the last four years, and nearly 40% of drivers have never quoted rates to find affordable coverage. The average driver in America could save as much as 46.5% every year by just comparing rate quotes, but they underestimate how much they could save if they switched to a more affordable policy.

It’s important to know that comparing all the rates in your area helps you find more affordable rates. Some companies don’t provide price estimates online, so you need to compare price quotes from them, too.

The companies in the list below are ready to provide price comparisons in Texas. If multiple companies are listed, it’s a good idea that you visit several of them in order to get a fair rate comparison.

Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Rate quotes do not factor in zip code location which can decrease or increase auto insurance rates significantly.

Full coverage or liability only

The diagram below examines Hyundai Sonata insurance costs when comparing full coverage to state minimum liability only. The premium estimates are based on no tickets, no at-fault accidents, $250 deductibles, single female driver, and no discounts are taken into consideration.

When to drop comp and collision

There is no definitive formula of when to phase out physical damage insurance, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s pretend your Hyundai Sonata replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after you pay the deductible. If you are paying in excess of $200 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.

There are a few situations where dropping physical damage coverage is not a good idea. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should maintain full coverage.

Safe drivers pay less for auto insurance

The chart below illustrates how traffic citations and fender-benders can influence Hyundai Sonata car insurance rates for different ages of insureds. The premium estimates are based on a married female driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.

Auto insurance deductibles

One of the most common auto insurance questions is what deductibles to buy. The rates below can help illustrate the premium difference of buying low and high coverage deductibles. The first set of rates uses a $100 deductible for comp and collision and the second rate table uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Premium costs do not factor in specific garaging location which can affect insurance rates noticeably.

Based on the data above, we can derive that using a $100 deductible will cost in the ballpark of $27 more each month or $324 for a full year than opting for the higher $500 deductible. Since the policyholder would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to have more than 15 months between claims, you would most likely save money if you elect the higher deductible.

One thing to be aware of is that increasing deductibles to save money means you will have to pay more when you have a comprehensive or collision claim. That will require a higher level of savings in the event you have to pay the higher deductible in order to repair your vehicle.

Get cheaper Hyundai Sonata insurance in Austin with discounts

Buying insurance is not cheap, but you can get discounts that can drop the cost substantially. Many discounts should be triggered at quote time, but a few need to be asked about before they will apply.

• Bundled Policy Discount – If you insure your home and vehicles and insure them with the same company you will save up to 20% off your total Sonata insurance premium.
• Service Members Pay Less – Being deployed in the military can result in better insurance rates.
• Accident Waiver – This isn’t a discount exactly, but companies like Allstate, Progressive, and GEICO allow you one accident without the usual rate increase if you are claim-free for a set time period.
• Good Student – This discount can save 20 to 25%. You can use this discount normally up until you turn 25.
• Student Driver Training – Teen drivers should successfully complete driver’s ed class as it will make them better drivers and lower rates.
• Professional Memberships – Affiliation with specific professional or occupational memberships or organizations is a simple method to lower premiums on your next insurance statement.
• New Car Discount – Insuring a new Sonata can save up to 30% because newer vehicles have to meet stringent safety requirements.
• Passive Restraint Discount – Cars that have air bags may earn rate discounts as much as 30%.
• Paperless Signup – Some larger companies provide a small discount for signing up on the internet.

One thing to note about discounts is that most discounts do not apply to the entire policy premium. Most only cut specific coverage prices like collision or personal injury protection. So even though you would think all those discounts means the company will pay you, that’s just not realistic. Any amount of discount will help lower the cost of coverage.

Some companies that may offer quotes with many of the previously listed discounts include:

• State Farm
• American Family
• AAA
• GEICO
• Mercury Insurance
• Farmers Insurance
• Progressive

When getting a coverage quote, ask every prospective company to give you their best rates. Some of the discounts discussed earlier may not apply everywhere. To choose companies that offer many of these discounts in Texas, click here.

Educated Choices Result in Lower Insurance Prices

Multiple criteria are part of the equation when you get your auto insurance bill. Some are pretty understandable like your driving record, but other criteria are more obscure like your continuous coverage and annual miles driven.

The itemized list below are some of the major factors utilized by car insurance companies to help set premiums.

File a insurance claims and pay more – If you are a frequent claim filer, don’t be surprised to see much higher rates or policy non-renewal. Car insurance companies in Texas award most affordable rates to policyholders who are not frequent claim filers. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.

Your car’s features help determine insurance rates – Driving a car with anti-theft technology or alarm system can get you a discount on your insurance. Systems that thwart thieves like OnStar, LoJack tracking, and tamper alarms all aid in stopping vehicle theft.

Multi-policy discounts can save money – Lots of insurers will award a discount to clients who buy several policies from them, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s in your best interest to compare Hyundai Sonata rates in Austin to confirm you are receiving the best rates possible. Drivers may still find a better deal by buying insurance from a different company.

Men drivers tend to cost more – Statistics show that women are safer drivers than men. However, don’t assume that females are better at driving than males. Women and men cause fender benders in similar numbers, but men cause more damage. Men also tend to get cited for more serious violations such as reckless driving.

Hyundai Sonata insurance loss data – Insurance companies analyze claim trends for every vehicle when they file their rates in each state. Vehicles that tend to have higher frequency or amount of claims will have higher rates for specific coverages.

The data below shows the collected loss data for Hyundai Sonata vehicles. For each coverage type, the claim amount for all vehicles compiled together is considered to be 100. Percentages below 100 indicate a favorable loss history, while values that are 100 or greater point to more claims or tendency to have larger claims.

Insurance agencies can help

A small number of people would prefer to sit down with an agent and that is a personal choice. A good thing about price shopping on the web is the fact that you can find cheap rate quotes and still buy from a local agent.

To find an agent, once you fill out this form (opens in new window), the quote information is immediately sent to local insurance agents in Austin that give free quotes for your insurance coverage. It makes it easy because there is no need to search for an agent because prices are sent immediately to you. Get lower rates without requiring a lot of work. If you wish to get a rate quote from a specific auto insurance provider, just search and find their rate quote page and fill out the quote form the provide.

Picking the best insurer requires more thought than just a cheap price quote. Here are some questions you should ask.

• Can you get a list of referrals?
• Are they in the agency full-time?
• Do they review policy coverages at every renewal?
• Is assistance available after office hours?
• Which members of your family are coverage by the policy?

Which policy gives me the best coverage?

When it comes to coverage online or from an agent for your personal vehicles, there is no single plan that fits everyone. Everyone’s situation is unique.

For instance, these questions might help in determining if your insurance needs may require specific advice.

• Do I have coverage if my license is suspended?
• Do they offer discounts for home and auto coverage?
• How much coverage applies to personal belongings?
• Why am I required to buy liability insurance?
• Do I need to call my car insurance company before buying a new car?
• What is the ISO rating for a Hyundai Sonata?
• I have good health insurance, so how much medical payments coverage do I need?

If you’re not sure about those questions, you may need to chat with a licensed insurance agent. To find an agent in your area, simply complete this short form.

Keep this in mind when shopping around

When trying to cut insurance costs, you should never buy lower coverage limits just to save a few bucks. There are a lot of situations where someone sacrificed full coverage and discovered at claim time they didn’t purchase enough coverage. Your focus should be to get the best coverage possible at the best possible price, but do not sacrifice coverage to save money.

You just read quite a bit of information on how to shop for Hyundai Sonata insurance online. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. Drivers may even discover the lowest priced insurance comes from a small mutual company.

People switch companies for many reasons like an unsatisfactory settlement offer, delays in responding to claim requests, poor customer service and even extreme rates for teen drivers. Regardless of your reason for switching companies, finding a great new company is not as difficult as it may seem.

More information can be found at these links:

• How do I File a Claim? (Insurance Information Institute)
• Who Has Affordable Auto Insurance for Low Credit Scores in Austin? (FAQ)
• What Auto Insurance is Cheapest for Seniors in Austin? (FAQ)
• Who Has Cheap Austin Car Insurance for Drivers Over Age 70? (FAQ)
• How Much are Austin Auto Insurance Rates for Teenage Females? (FAQ)
• How Much is Auto Insurance for a Honda Accord in Austin? (FAQ)
• Who Has Cheap Car Insurance Rates for Drivers with a Bad Driving Record in Austin? (FAQ)
• Uninsured Motorists: Threats on the Road (Insurance Information Institute)
• Uninsured Motorist Statistics (Insurance Information Institute)
• Auto Insurance Basics (Insurance Information Institute)
• Airbag FAQ (iihs.org)