Find Cheaper Hyundai Sonata Insurance in Phoenix

Are you burned out from paying out the nose to pay high car insurance rates every month? You are in the same boat as millions of other drivers.

A recent car insurance study revealed that nearly 70% of drivers kept buying from the same company for well over three years, and nearly 40% of drivers have never shopped around. Arizona drivers can save approximately $733 each year just by getting comparison quotes, but most undervalue the benefits if they changed companies.

With so many choices of insurance companies that have cheaper insurance for a Hyundai Sonata in Phoenix, it’s difficult to find the most affordable car insurance provider.

The purpose of this post is to familiarize you with the most effective way to quote insurance and also pocket some savings If you currently have insurance, you should be able to find the best rates using the concepts covered in this article. But Arizona drivers need to learn how big insurance companies calculate your insurance rates and use it to find better rates.

When comparison shopping, there are several ways to get quotes from different Phoenix insurance companies. One of the best ways to compare rates is to use the internet to compare rates.

It’s so simple to compare insurance rate quotes online takes the place of having to drive around to and from local Phoenix insurance agencies. The ability to buy insurance online eliminates the need for an insurance agent unless you have a complicated situation and need the extra assistance of an agent trained in personal lines coverage. Drivers can find lower rates online and get advice from an agent in your area. When quoting insurance, remember that more quotes provides better odds of finding the best price.

The car insurance companies shown below offer free quotes in Phoenix, AZ. If the list has multiple companies, it’s highly recommended you visit as many as you can in order to get a fair rate comparison.

Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Premium costs do not factor in specific Phoenix garaging location which can revise insurance rates significantly.

Deductible analysis

A question often asked by Phoenix drivers is the level to set your comp and collision deductibles. The tables below can help you understand how much more you’ll pay of buying low and high deductibles. The first rate comparisons uses a $250 comprehensive and collision deductible and the second price chart uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Table data does not factor in vehicle location which can affect coverage rates noticeably.

Using the premium rates above, we can conclude that using a $250 deductible would cost the average driver about $22 more each month or $264 a year than requesting the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 34 months between claim filings, you would most likely save money by selecting a higher deductible.

How violations and accidents impact rates

The example below shows how speeding tickets and at-fault collisions can influence Hyundai Sonata insurance costs for different age groups of insureds. Data assumes a single male driver, full coverage, $500 deductibles, and no other discounts are factored in.

Cost of full coverage

The chart below shows the difference between Hyundai Sonata annual premium costs with and without physical damage coverage. The data assumes no tickets, no at-fault accidents, $250 deductibles, married female driver, and no discounts are applied to the premium.

Are you wasting money paying for full coverage?

There is no clear-cut formula to stop buying full coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s say your Hyundai Sonata claim settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after the policy deductible has been paid. If you are paying in excess of $500 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are a few situations where removing full coverage is not a good plan. If you still owe money on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage in place.

Car insurance is not optional but you don’t have to overpay

Even though it can be expensive, paying for car insurance serves an important purpose.

• The majority of states have mandatory insurance requirements which means state laws require specific minimum amounts of liability coverage in order to be legal. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If your Hyundai Sonata has a loan, it’s most likely the lender will make it a condition of the loan that you have full coverage to guarantee loan repayment. If you do not keep the policy in force, the bank or lender will purchase a policy for your Hyundai for a much higher rate and require you to fork over for it.
• Car insurance protects both your Hyundai and your assets. Insurance will pay for medical expenses for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense in the event you are sued. If damage is caused by hail or an accident, comprehensive and/or collision insurance will pay to have it repaired.

The benefits of having insurance outweigh the cost, especially if you ever need it. But the average American driver is overpaying more than $865 each year so it’s important to compare rates every year to be sure current rates are still competitive.

Hyundai Sonata Insurance Premiums Can Be More Affordable

Lots of things are used when premium rates are determined. Some factors are common sense like a motor vehicle report, although others are more obscure like where you live and annual miles driven. A large part of saving on auto insurance is knowing the different types of things that help calculate your premiums. If you know what influences your rates, this helps enable you to make changes that could result in better auto insurance rates.

The itemized list below are a few of the things utilized by car insurance companies to help set prices.

• Incidental coverages that may not be needed – There are a lot of add-on coverages that you can buy on your auto insurance policy. Insurance for replacement cost coverage, death and dismemberment, and membership fees are examples of these. They may seem good initially, but if you have no use for them remove them from your policy.
• File a claims and pay more – Insurance companies in Arizona provide the best rates to insureds who only file infrequent claims. If you file claims often, you can expect much higher rates or policy non-renewal. Auto insurance is intended for major claims that would cause financial hardship.
• Less chance of injury means lower prices – Cars with high safety ratings tend to be cheaper to insure. Vehicles built for safety reduce occupant injuries and reduced instances of injuries means your insurance company pays less and thus lower rates. If the Hyundai Sonata scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
• Obey driving laws and save – Just one speeding ticket may cause rates to rise by twenty percent. Attentive drivers have lower premiums as compared to careless drivers. Drivers who get severe citations such as DUI, reckless driving or excessive speeding may be required to file a proof of financial responsibility form (SR-22) with their state in order to legally drive a vehicle.
• Don’t skimp on liability coverage – Your auto insurance policy’s liability coverage is the coverage that protects you if you are responsible for causing personal injury or damage in an accident. It will provide for a legal defense starting from day one. Liability insurance is quite affordable when compared with rates for comp and collision, so drivers should carry high limits.
• Low comp and collision deductibles mean high premiums – Insurance for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Hyundai from damage. Examples of some claims that would be covered could be a broken windshield, collision with an animal, or theft. The deductibles you choose tell how much you are required to spend out-of-pocket before a claim is paid by your company. The larger the amount you pay before a claim is paid (deductible), the bigger discount you will receive.
• Mature drivers pay less – Older insureds are proven to be safer behind the wheel, cost insurance companies less in claims, and tend to be get fewer driving tickets.Drivers with little experience have a tendency to be careless and easily distracted when driving therefore auto insurance rates are much higher.
• Hyundai Sonata historical loss data – Insurance companies factor in insurance loss information to calculate a price that offsets possible losses. Vehicles that historically have higher number or severity of losses will have higher rates for specific coverages. The table below illustrates the loss history for Hyundai Sonata vehicles.

  For each insurance policy coverage type, the statistical loss for all vehicles, as an average, is considered to be 100. Values that are 100 or less are indicative of better than average losses, while numbers shown that are more than 100 indicate a higher chance of having a claim or an increased chance of a larger loss.

  Insurance Loss Ratings for Hyundai Sonata Vehicles

  Make and 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

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

Auto insurance policy discounts you can’t miss

Some companies don’t always publicize all their discounts very well, so here is a list both well-publicized and the harder-to-find credits available to you.

• New Car Discount – Buying a new car model can save up to 30% since newer vehicles have better safety ratings.
• Discount for Life Insurance – Insurance companies who offer life insurance give a break if you buy auto and life insurance together.
• More Vehicles More Savings – Drivers who insure several vehicles with one company can get a discount on all vehicles.
• Payment Method – If you pay your bill all at once rather than spreading payments over time you can avoid monthly service charges.
• Discount for Passive Restraints – Vehicles with factory air bags can qualify for discounts up to 30%.

You can save money using discounts, but most discount credits are not given to the whole policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So when the math indicates all the discounts add up to a free policy, you aren’t that lucky. Any qualifying discounts will help lower your policy premiums.

A few of the larger companies and their possible discounts are shown below.

• State Farm has discounts for anti-theft, accident-free, student away at school, good student, and safe vehicle.
• Nationwide offers discounts including business or organization, anti-theft, easy pay, defensive driving, accident-free, family plan, and good student.
• GEICO may have discounts that include multi-policy, air bags, defensive driver, military active duty, seat belt use, five-year accident-free, and driver training.
• AAA policyholders can earn discounts including good student, multi-car, pay-in-full, multi-policy, education and occupation, and good driver.
• 21st Century includes discounts for good student, early bird, teen driver, driver training, and theft prevention.
• The Hartford may include discounts for good student, bundle, vehicle fuel type, driver training, anti-theft, and defensive driver.

Before buying, ask all companies you are considering what discounts are available to you. Some of the earlier mentioned discounts may not apply to policyholders everywhere. To find insurers with significant discounts in Phoenix, click this link.

Exclusive versus independent insurance agencies

A lot of people still prefer to sit down and talk to an agent and that is not a bad decision The biggest benefit of comparing insurance online is that you can obtain the lowest rates but still work with a licensed agent. And supporting neighborhood insurance agencies is definitely important in Phoenix.

For easy comparison, once you complete this short form, your information is transmitted to participating agents in Phoenix who will return price quotes for your coverage. You don’t have to contact any insurance agencies because quoted prices will be sent to you directly. You can most likely find cheaper rates without a big time investment. If you have a need to get a comparison quote from one company in particular, you would need to jump over to their website and give them your coverage information.

Two different types of car insurance agents

If you want to buy insurance from a local Phoenix insurance agent, it can be helpful to understand the types of agencies and how they function. Phoenix agents are considered either exclusive or independent (non-exclusive).

Independent Agencies or Brokers

Agents in the independent channel do not work for one specific company and that gives them the ability to insure through many companies and help determine which has the cheapest rates. If premiums increase, an independent agent can move your coverage and you can keep the same agent.

When comparing rates, it’s recommended you compare quotes from a few independent agents to ensure the widest selection of prices.

Featured below is a small list of independent insurance agents in Phoenix who can help you get comparison quotes.

View more agents

Exclusive Insurance Agencies

Agents of this type have only one company to place business with and examples are Allstate and State Farm. Exclusive agencies are unable to place coverage with different providers so you need to shop around if the rates are high. Exclusive agents are very knowledgeable on the products they sell which helps them compete with independent agents.

Listed below is a short list of exclusive agencies in Phoenix willing to provide price quotes.

View more agents

Finding the right insurance agent should depend on more than just the quoted price. A good agent in Phoenix will have answers to these questions.

• Who are their largest clients?
• Does the agency have a good rating with the Better Business Bureau?
• Can glass claims be handled at your home?
• Is the agency involved in supporting local community causes?
• Can they provide you with a list of referrals?
• In the event of vehicle damage, can you pick the collision repair facility?
• Are claim adjusters local or do you have to take your car somewhere else?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?

If you feel you receive satisfactory answers to all your questions and an affordable coverage quote, chances are good that you have found an auto insurance agent that can be relied on to properly insure your vehicles.

Affordable insurance rates are out there

Discount Hyundai Sonata insurance in Phoenix is attainable on the web in addition to local insurance agencies, so you need to shop Phoenix auto insurance with both to have the best rate selection. A few companies do not offer the ability to get a quote online and many times these small, regional companies work with independent agents.

In this article, we covered a lot of information how to reduce Hyundai Sonata insurance prices online in Phoenix. The key concept to understand is the more providers you compare, the better likelihood of getting low cost Phoenix auto insurance quotes. Drivers may even discover the best prices are with a small local company. These companies may only write in your state and offer lower rates as compared to the big name companies such as GEICO and State Farm.

More learning opportunities

• How Much Auto Coverage do I Need? (Insurance Information Institute)
• Who Has Cheap Phoenix Car Insurance Rates for a Honda Accord? (FAQ)
• Who Has the Cheapest Car Insurance Rates for a Subaru Outback in Phoenix? (FAQ)
• Who Has Cheap Phoenix Auto Insurance Quotes for Homeowners? (FAQ)
• No-Fault Auto Insurance Statistics (Insurance Information Institute)
• Frontal Crash Tests (iihs.org)
• Child Safety FAQ (iihs.org)
• Teen Driving Statistics (iihs.org)