Five Minute Guide to Saving Money on Hyundai Sonata Insurance Online

Consumers have a choice when looking for the best price on Hyundai Sonata insurance. They can either spend hours contacting agents to get rate comparisons or use the internet to make rate comparisons.

There are more efficient ways to shop for car insurance so you’re going to learn the quickest way to price shop coverage for a new or used Hyundai and find the lowest price from both online companies and local agents.

It’s important to check car insurance prices before your policy renews because rates change frequently. Even if you think you had the best price on Sonata coverage last year you can probably find a better price now. Forget anything you know (or think you know) about car insurance because you’re about to find out how to use online quotes to properly buy coverages while reducing your premium.

Factors that might impact rates for a Hyundai Sonata

It’s important that you understand the rating factors that go into determining your car insurance rates. When you know what positively or negatively impacts premium levels allows you to make educated decisions that will entitle you to big savings.

Listed below are a few of the “ingredients” companies use to determine prices.

• Optional equipment can affect rates – Owning a car with anti-theft technology or alarm system can help bring down rates. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your vehicle from being stolen.
• Do you need those extra coverages? – There are quite a few additional coverages that you can buy on your Sonata policy. Coverages like rental car reimbursement, towing coverage and motor club memberships are some examples. They may seem like a good idea initially, but if you don’t need them get rid of them and save.
• Your job and insurance rates – Occupations like doctors, business owners and accountants tend to pay higher rates than average due to stressful work requirements and long work hours. On the flip side, occupations such as pilots, athletes and the unemployed have the lowest average rates on Sonata coverage.
• Don’t sacrifice liability coverage – Your policy’s liability coverage is the protection if you are found to be at fault for causing damage or personal injury in an accident. Liability provides for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not skimp.
• Pay less if you’re married – Having a spouse actually saves money on car insurance. Having a significant other translates into being more mature than a single person and it’s statistically proven that drivers who are married are more cautious.
• More people means more accidents – Being located in less populated areas can be a good thing when buying car insurance. Less people living in that area means fewer accidents as well as less vandalism and auto theft. Drivers who live in large cities tend to have much more traffic to deal with and longer commute times. Longer commute distances means higher likelihood of an accident.
• Too many car insurance claims drive up costs – Companies provide cheaper rates to insureds who file claims infrequently. If you tend to file frequent claims, you can look forward to higher rates. Car insurance is designed for larger claims.
• Never let your coverage lapse – Driving without insurance is illegal and your next policy will cost more because you let your insurance lapse. And not only will insurance be more expensive, but not being able to provide proof of insurance might get you a steep fine or even jail time.Then you may be required to prove you have insurance by filing a SR-22 with your state motor vehicle department.

Discounts are available to cut your rates

Insuring your vehicles can cost a lot, but there are discounts available that you may not even be aware of. Larger premium reductions will be automatically applied at the time you complete a quote, but a few must be inquired about prior to receiving the credit.

• Military Rewards – Being on active duty in the military could mean lower rates.
• New Car Discount – Adding a new car to your policy can be considerably cheaper due to better safety requirements for new cars.
• Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems can help prevent theft and earn discounts up to 10%.
• Discount for Swiching Early – A few companies offer discounts for signing up prior to your current policy expiration. The savings is around 10%.
• Drivers Ed for Students – Require your teen driver to complete a driver education course if offered at their school.

It’s important to note that most discount credits are not given to the entire policy premium. Some only reduce the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears you could get a free car insurance policy, car insurance companies aren’t that generous. Any amount of discount will help reduce your overall premium however.

Is there deception in advertising?

State Farm, GEICO and Progressive consistently run ads on TV and radio. All the companies make an identical promise that you’ll save big if you change to their company. How does each company make almost identical claims? It’s all in the numbers.

All the different companies have a certain “appetite” for the type of customer that makes them money. For instance, a profitable customer might be between 30 and 50, a clean driving record, and drives less than 10,000 miles a year. A customer who meets those qualifications receives the best rates and therefore will save when they switch companies.

Consumers who don’t measure up to this ideal profile will be quoted a higher premium which leads to business going elsewhere. The ads say “customers that switch” not “everyone that quotes” save money. That is how companies can truthfully state the savings.

This emphasizes why you absolutely need to compare as many rates as you can. You cannot predict which company will give you the biggest savings.

Affordable insurance is out there

We covered some good ideas how to reduce Hyundai Sonata insurance prices online. The key thing to remember is the more times you quote, the better your chances of lowering your rates. Drivers may discover the best prices are with some of the lesser-known companies.

Cheap Hyundai Sonata insurance is attainable online and also from your neighborhood agents, so you should be comparing quotes from both so you have a total pricing picture. Some companies may not provide online quoting and most of the time these smaller companies sell through independent agents.

When shopping online for car insurance, you should never sacrifice coverage to reduce premiums. There have been many cases where consumers will sacrifice liability limits or collision coverage only to regret that the small savings ended up costing them much more. Your aim should be to buy enough coverage at an affordable rate, not the least amount of coverage.