Best Ways to Save on Aurora Hyundai Sonata Insurance

Anyone knows that insurance companies don’t want you quoting rates from other companies. Consumers who shop around for cheaper prices are likely to switch companies because of the high probability of finding coverage at a more affordable price. A study showed that people who faithfully checked for cheaper rates saved approximately $850 each year compared to people who never compared other company’s rates.

If saving the most money on car insurance in Aurora is the reason you’re here, knowing how to get free comparison quotes and analyze coverage rates can make it simple to find affordable coverage.

It takes a little time, but the best way to find better pricing on car insurance rates is to compare prices regularly from providers in Aurora. Prices can be compared by following these steps.

1. Try to comprehend how your policy works and the measures you can control to prevent high rates. Many rating factors that result in higher prices such as inattentive driving and bad credit can be improved by making lifestyle changes or driving safer. Continue reading for more information to keep prices down and find possible discounts that are available.
2. Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from one company like Progressive and State Farm, while independent agencies can provide price quotes from multiple sources. Find an Aurora insurance agent
3. Compare the new rate quotes to the price on your current policy and determine if cheaper Sonata coverage is available. If you can save some money and switch companies, make sure there is no lapse in coverage.

A good piece of advice is to try to use the same liability limits and deductibles on every price quote and and to compare as many companies as possible. This helps ensure the most accurate price comparison and a complete price analysis.

If you’re already insured or are just looking to switch companies, use these cost-cutting techniques to get lower rates while maximizing coverage. The goal of this article is to tell you how to compare rates easily and some tips to save money. Consumers just have to use the most efficient way to compare price quotes online from multiple companies.

How to get Aurora Hyundai Sonata insurance quotes

The companies shown below provide price comparisons in Colorado. If you wish to find the best auto insurance in CO, we recommend you visit two to three different companies in order to get a fair rate comparison.

Analysis of coverages

The information displayed below covers a range of insurance costs for Hyundai Sonata models. Being more informed about how rates are determined can help you make informed decisions when comparing rates.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Information does not factor in specific location which can influence premium rates substantially.

Raise deductibles and save

A question often asked by Aurora drivers is where to set your physical damage deductibles. The comparisons below help summarize the rate differences of buying low and high coverage deductibles. The first pricing table uses a $250 deductible for comp and collision and the second data table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Information does not factor in specific location which can revise auto insurance rates noticeably.

Based on the data above, we can derive that using a $250 deductible will cost you about $26 more each month or $312 annually than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 29 months between claim filings, you would most likely save money if you choose a higher deductible.

An important thing to remember is that increasing deductibles to save money means you will have to cover more of the damage yourself if you have a claim. That will require some savings in order to pay the deductible to have repairs made.

The illustration below highlights how deductible selection and can influence Hyundai Sonata insurance costs for different ages of insureds. The price estimates are based on a single female driver, full coverage, and no discounts are applied to the premium.

How careless driving impacts Aurora insurance rates

The chart below shows how violations and at-fault claims increase Hyundai Sonata auto insurance rates for different age groups. Data assumes a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.

Cost difference between full coverage and liability

The diagram below visualizes the comparison of Hyundai Sonata auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no accidents or driving violations, $1,000 deductibles, marital status is single, and no policy discounts are applied.

When to eliminate full coverage

There is no set guideline that works best for making the decision to drop physical damage insurance, but there is a broad guideline. If the annual cost of coverage is more than about 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

For example, let’s say your Hyundai Sonata settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $7,000 after the deductible is paid. If premium cost is more than $700 annually for full coverage, then you might want to think about dropping full coverage.

There are some situations where eliminating full coverage is not recommended. If you haven’t paid off your loan, you have to keep full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should maintain full coverage.

Four Tips to Get More Affordable Aurora Insurance Costs

Many factors are used when quoting car insurance. Some factors are common sense like an MVR report, but some are less obvious like your continuous coverage or how financially stable you are. One of the most helpful ways to save on insurance is to to have a grasp of the different types of things that help determine insurance rates. If you understand what impacts premium levels, this allows you to make educated decisions that could help you find much lower annual insurance costs.

Listed below are some of the things companies use to determine rates.

• Your vocation may affect prices – Did you know that where you work can have an impact on rates? Careers like fire fighters, business owners, and stock brokers usually pay the highest rates due to high stress levels and incredibly demanding work hours. Conversely, jobs like actors, athletes and retirees generally pay rates lower than average.
• Insurance companies don’t like frequent policy claims – Auto insurance companies in Colorado award the lowest premiums to insureds who are not frequent claim filers. If you frequently file small claims, you can look forward to either higher rates or even cancellation. Your insurance policy is intended for the bigger claims that can’t be paid out-of-pocket.
• Married people drive safer – Your spouse can actually save you money on your insurance policy. Marriage is viewed as being more financially stable and it’s proven that married drivers get in fewer accidents.

• Gals tend to be lower risk – Statistics have proven women tend to be less risk to insure than men. Now that doesn’t mean men are WORSE drivers than women. Men and women get in fender benders in similar numbers, but the male of the species cause more damage and cost insurance companies more money. Men also statistically get more serious tickets like DUI and reckless driving. Young men ages 16 to 20 cause the most accidents and therefore have the most expensive insurance rates.

  The illustration below shows the difference between Hyundai Sonata insurance costs for male and female drivers. The premium estimates are based on a clean driving record, no at-fault accidents, full coverage, $1,000 deductibles, drivers are single, and no discounts are factored in.

• Claims statistics for a Hyundai Sonata – Insurance companies use claims history to help determine rates. Models that the data shows to have increased losses will have higher rates for specific coverages.

  The table shown below demonstrates the loss history for Hyundai Sonata vehicles. For each policy coverage, the claim probability for all vehicles combined as an average is a value of 100. Percentage numbers below 100 indicate a favorable loss history, while values that are above 100 indicate higher probability of having a loss or a tendency for claims to be larger.

  
  

  Hyundai Sonata Insurance Loss Statistics

  Specific Hyundai 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

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

Choosing the best Hyundai Sonata insurance in Colorado is an important decision

Despite the high cost of buying insurance for a Hyundai Sonata in Aurora, paying for car insurance is required for several reasons.

• Most states have minimum mandated liability insurance limits which means state laws require specific minimum amounts of liability protection in order to drive the car legally. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
• If you took out a loan on your Sonata, it’s guaranteed your bank will require you to buy insurance to ensure the loan is repaid in case of a total loss. If the policy lapses, the bank may buy a policy for your Hyundai for a lot more money and require you to pay for it.
• Insurance protects both your assets and your car. Insurance will also pay for medical expenses for both you and anyone you injure as the result of an accident. Liability insurance will also pay attorney fees if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, your policy will pay to have it repaired.

The benefits of having insurance more than cancel out the cost, especially with large liability claims. According to a recent study, the average American driver is currently overpaying as much as $700 annually so you should quote and compare rates every year to ensure rates are competitive.