Save Money on Hyundai Sonata Insurance in Austin

Insurance for Hyundai SonataHow 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.

Hyundai Sonata Insurance Price Estimates in Austin, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $206 $412 $486 $28 $146 $1,278 $107
Sonata GLS 4-Dr Sedan $336 $496 $564 $34 $168 $1,598 $133
Sonata GLS 4-Dr Sedan $206 $412 $486 $28 $146 $1,278 $107
Sonata SE 4-Dr Sedan $328 $698 $430 $26 $128 $1,610 $134
Sonata SE 4-Dr Sedan $230 $532 $560 $34 $168 $1,524 $127
Sonata Limited 4-Dr Sedan $356 $788 $560 $34 $168 $1,906 $159
Sonata Limited 4-Dr Sedan $186 $338 $444 $26 $132 $1,126 $94
Get Your Own Custom Quote Go

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.

Hyundai Sonata insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $328 $592 $430 $26 $128 $1,529 $127
Sonata GLS 4-Dr Sedan $328 $592 $430 $26 $128 $1,529 $127
Sonata GLS 4-Dr Sedan $328 $592 $430 $26 $128 $1,529 $127
Sonata SE 4-Dr Sedan $328 $698 $430 $26 $128 $1,635 $136
Sonata SE 4-Dr Sedan $328 $698 $430 $26 $128 $1,635 $136
Sonata Limited 4-Dr Sedan $370 $698 $430 $26 $128 $1,677 $140
Sonata Limited 4-Dr Sedan $370 $698 $430 $26 $128 $1,677 $140
Get Your Own Custom Quote Go

Hyundai Sonata insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $240 $400 $430 $26 $128 $1,224 $102
Sonata GLS 4-Dr Sedan $240 $400 $430 $26 $128 $1,224 $102
Sonata GLS 4-Dr Sedan $240 $400 $430 $26 $128 $1,224 $102
Sonata SE 4-Dr Sedan $240 $472 $430 $26 $128 $1,296 $108
Sonata SE 4-Dr Sedan $240 $472 $430 $26 $128 $1,296 $108
Sonata Limited 4-Dr Sedan $270 $472 $430 $26 $128 $1,326 $111
Sonata Limited 4-Dr Sedan $270 $472 $430 $26 $128 $1,326 $111
Get Your Own Custom Quote Go

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.

Calculate deductible break even point

Average monthly premium for $100 deductibles: $133
Average monthly premium for $500 deductibles (subtract): – $106
Monthly savings from raising deductible: $27
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

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.Cheaper insurance with discounts

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:

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.

Auto Insurance Loss Data for Hyundai Sonata Models

Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Sonata 129 88 101 138 149 110
Hyundai Sonata Hybrid 142 116 119 124 138 121

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

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.

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.Higher deductibles save money

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

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: