Lower Your 1992 Hyundai Sonata Insurance Cost

Want lower auto insurance rates for your Hyundai Sonata? Have you fallen victim to overpriced auto insurance? Don’t feel bad because many consumers are feeling buyer’s remorse and feel like there’s no way out. Many auto insurance companies vie for your business, and because of this it can be hard to compare auto insurance companies to discover the definitive cheapest price

If you are insured now or need new coverage, you can learn to find the best rates while maximizing coverage. Choosing the best insurance company for you is not rocket science. Drivers just need to understand the best way to shop over the internet.

Take policy discounts and save

Insurance can be prohibitively expensive, but there are discounts available to help bring down the price. A few discounts will automatically apply at quote time, but some may not be applied and must be asked about prior to receiving the credit. If you aren’t receiving every discount available, it’s possible you qualify for a lower rate.

  • Life Insurance Discount – Not all companies offer life insurance, but some may give you better rates if you take out a life policy as well.
  • Discount for Good Grades – Getting good grades can save 20 to 25%. The good student discount can last well after school through age 25.
  • Telematics Data Discounts – Drivers who elect to allow driving data collection to analyze vehicle usage by using a telematic data system such as Progressive’s Snapshot may see discounts if their driving habits are good.
  • Distant Student Discount – who live away from home to go to college without a vehicle on campus may qualify for this discount.
  • Discounts for New Vehicles – Adding a new car to your policy can get you a discount compared to insuring an older model.
  • Drivers Ed for Students – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education in high school.
  • Braking Control Discount – Vehicles that have anti-lock braking systems can stop better under adverse conditions and will save you 10% or more.
  • Air Bags and Passive Restraints – Vehicles with factory air bags may get savings as much as 30%.

One thing to note about discounts is that many deductions do not apply the the whole policy. Some only apply to specific coverage prices like comp or med pay. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way. Any amount of discount should help reduce your overall premium however.

A list of companies and a selection of discounts are included below.

  • Farm Bureau has savings for multi-vehicle, multi-policy, renewal discount, safe driver, 55 and retired, good student, and driver training.
  • Liberty Mutual may have discounts that include newly retired, newly married, multi-policy, hybrid vehicle, and teen driver discount.
  • State Farm offers premium reductions for driver’s education, anti-theft, defensive driving training, good driver, and accident-free.
  • Auto-Owners Insurance offers discounts including good student, teen driver, safe vehicle, multi-policy, and company car.
  • Geico includes discounts for emergency military deployment, multi-policy, military active duty, daytime running lights, air bags, membership and employees, and defensive driver.
  • SAFECO offers discounts for accident prevention training, teen safe driver, anti-lock brakes, homeowner, bundle discounts, and drive less.

Check with all the companies the best way to save money. Some of the discounts discussed earlier may not be available everywhere. To locate insurance companies that can offer you the previously mentioned discounts, click here to view.

What impacts Hyundai Sonata insurance rates?

One of the most helpful ways to save on car insurance is to to have a grasp of some of the factors that play a part in calculating car insurance rates. If you understand what controls the rates you pay, this enables informed choices that can help you get lower rates.

  • Youthful drivers cost more – Young drivers are statistically shown to be less responsible in a vehicle so car insurance rates are higher. More mature drivers are more responsible, are lower risk to insure and are safer drivers.
  • Better premiums on safer vehicles – Vehicles with good safety scores get lower rates. Vehicles built for safety result in less severe injuries and any reduction in injury severity means lower claim amounts and thus lower rates.
  • Too many claims and you’ll pay more – Auto insurance companies give cheaper rates to insureds who do not file claims often. If you file a lot of claims you can definitely plan on either policy cancellation or increased premiums. Your insurance policy is intended to be relied upon for claims that you cannot pay yourself.
  • Job stress can affect premiums – Did you know your occupation can influence how much you pay for car insurance? Jobs such as real estate brokersairline pilots and accountants tend to pay higher premiums than the average policyholder due to intense work situations and lengthy work days. On the flip side, careers such as scientists, historians and retirees have the lowest average rates on Sonata coverage.
  • More than one policy can earn a discount – Most larger companies provide a discount to people that have more than one policy, otherwise known as a multi-policy discount. Discounts can add up to 10 percent or more. Even though this discount sounds good, it’s always a smart idea to compare other company rates to verify if the discount is saving money.
  • Deter vehicle theft – Choosing to buy a car that has an advanced theft prevention system can save you a little every year. Systems that thwart theives like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent vehicle theft.

Which policy gives me the best coverage?

When it comes to buying the best insurance coverage for your personal vehicles, there really is no perfect coverage plan. Every situation is different so this has to be addressed. For example, these questions may help you determine if your situation will benefit from professional help.

  • Am I getting all the discounts available?
  • How can I get my company to pay me more for my totalled car?
  • Are rock chip repairs covered?
  • Do I need added coverage for expensive stereo equipment?
  • Exactly who is provided coverage by my policy?
  • Is other people’s property covered if stolen from my vehicle?
  • What vehicles should carry emergency assistance coverage?
  • If my pet gets injured in an accident are they covered?
  • Can I get a multi-policy discount?

If you’re not sure about those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

Misconceptions in auto insurance advertisements

Consumers can’t get away from ads that claim the lowest prices by companies like State Farm, Allstate and Geico. They all have a common claim of big savings if you get a free car insurance quote and switch your auto insurance coverage to their company.

That’s great but how can every company have lower policy pricing? This is how they do it.

Insurance providers are able to cherry pick for the right customer that will not have excessive claims. For instance, a profitable customer may be between the ages of 30 and 50, has few claims, and drives a car with an anti-theft system. A driver that hits that “sweet spot” may get the lowest rates and will also cut their rates substantially.

Consumers who fall short of the “perfect” profile will probably have to pay higher premium rates and ends up with the prospect going elsewhere. If you listen closely, the ads state “customers that switch” but not “everyone who gets a quote” save that much when switching. That’s why companies can truthfully make those claims. This emphasizes why you absolutely need to do a quote comparison often. It is impossible to predict with any certainty which company will give you the biggest savings.

Parts of your insurance policy

Knowing the specifics of a insurance policy aids in choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find the normal coverages found on the average insurance policy.

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like driving through your garage door, crashing into a building, damaging your car on a curb and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.

Auto liability

Liability coverage protects you from damage or injury you incur to people or other property in an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability coverage protects against things such as legal defense fees, repair bills for other people’s vehicles and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Comprehensive insurance

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like vandalism, a broken windshield and falling objects. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for immediate expenses for prosthetic devices, doctor visits, EMT expenses and X-ray expenses. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Affordable insurance is out there

While you’re price shopping online, make sure you don’t buy poor coverage just to save money. There are too many instances where an accident victim reduced physical damage coverage and discovered at claim time they didn’t have enough coverage. Your goal is to find the BEST coverage at the best cost while still protecting your assets.

Lower-priced 1992 Hyundai Sonata insurance can be found from both online companies and with local insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance companies may not have online rate quotes and most of the time these smaller companies work with independent agents.

Even more information can be read in the articles below:

Comments About 1992 Hyundai Sonata Insurance

  1. Forrest Nicholson

    I think I’m paying too much. Got a quote with GEICO for my Hyundai and saved about $110 a year. Full coverage costs too much.

  2. Natasha Spencer

    Will 21st Century give a discount for driver training?

  3. Una Conrad

    What does medical payments cover?

  4. Alpha Smith

    I got decent rates for a 1992 Hyundai Sonata in Denver, CO. Ended up at darn near $100 every six months with American Family. Left 21st Century to switch.

  5. Berneice Fischer

    Checking in from Knoxville, TN. Quoted prices online for a 1992 Hyundai Sonata. Ended up at about $80 savings annually. Went with State Farm.

  6. Wilburn Farrell

    Does Montana require a SR-22 after a DUI?

  7. Lucas Black

    I compared a lot of rate quotes for a 1992 Hyundai Sonata in Billings, Montana. Ended up at darn near $90 every six months with AAA. :P

  8. Saturnina Donovan

    Great info, thanks for posting. Live in Aurora, CO. Can’t remember who all I quoted but I ended up saving about $20 each month. They were helpful in switching over.