2014 Hyundai Sonata Car Insurance Rates – 8 Policy Discounts

High-priced Hyundai Sonata insurance can sap your family’s budget and possibly require you to analyze your spending habits. Online insurance companies like Geico, 21st Century and Progressive all claim big savings with fancy advertisements and it is challenging if not impossible to ignore the flashy ads and do the work needed to find the best deal.

It’s a good habit to compare prices periodically due to the fact that insurance prices trend upward over time. Just because you found the best quotes for Sonata coverage last year other companies may now be cheaper. Forget anything you know (or think you know) about insurance coverage because you’re about to find out one of the quickest ways to save money, get proper deductibles and limits, all at the lowest rate.

Verify you’re applying every discount

Companies offering auto insurance don’t list all their discounts in a way that’s easy to find, so the following list contains some of the best known and also the more inconspicuous credits available to bring down your rates.

• Multi-line Discount – If the company offers life insurance, you could get a break if you buy a life policy as well.
• Switch and Save Discount – Some insurance companies give discounts for renewing your policy prior to the expiration date on your current policy. It could save around 10% when you buy insurance online.
• No Claim Discounts – Drivers who don’t have accidents are rewarded with significantly better rates on insurance quote in comparison to accident-prone drivers.
• Lower Rates for Military – Having an actively deployed family member could trigger a small discount.
• Student Driver Training – Have your child participate in a local driver’s education class in high school.
• Payment Method – By paying your policy upfront rather than paying monthly you may have a lower total premium amount.
• Good Student – This discount can earn a discount of 20% or more. Most companies allow this discount up to age 25.
• Distant Student Discount – Older children who are attending college and do not take a car to college could qualify for this discount.

A little disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. Most only apply to the price of certain insurance coverages like collision or personal injury protection. Despite the fact that it seems like all those discounts means the company will pay you, it just doesn’t work that way.

A few of the larger companies and some of the discounts can be found below.

• State Farm has savings for accident-free, Drive Safe & Save, good student, multiple policy, and safe vehicle.
• Farmers Insurance includes discounts for pay in full, distant student, electronic funds transfer, youthful driver, teen driver, and multi-car.
• Geico policyholders can earn discounts including federal employee, defensive driver, multi-policy, daytime running lights, and anti-theft.
• American Family may offer discounts for TimeAway discount, air bags, good student, early bird, accident-free, and multi-vehicle.
• Nationwide may include discounts for defensive driving, Farm Bureau membership, business or organization, accident-free, anti-theft, easy pay, and multi-policy.
• Progressive discounts include multi-policy, online signing, online quote discount, continuous coverage, good student, multi-vehicle, and homeowner.

Before buying, ask every prospective company how many discounts you can get. A few discounts might not apply in your area. If you would like to choose from a list of insurance companies who offer free auto insurance quotes, follow this link.

When should I discuss my situation with an agent?

When choosing proper insurance coverage for your personal vehicles, there really is no one size fits all plan. Every insured’s situation is different and your policy should reflect that. For example, these questions may help you determine whether your personal situation might need an agent’s assistance.

• Should I have combined single limit or split liability limits?
• What is medical payments coverage?
• Should I buy only the required minimum liability coverage?
• Do I need added coverage for expensive stereo equipment?
• Can my teen driver be rated on a liability-only vehicle?
• Do I have newly-aquired coverage?
• Are all vehicle passengers covered by medical payments coverage?
• When should my teen driver be added to my policy?
• Do I need replacement cost coverage on my 2014 Hyundai Sonata?
• Is other people’s property covered if stolen from my vehicle?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It only takes a few minutes and can provide invaluable advice.

Insurance coverages 101

Knowing the specifics of your insurance policy can help you determine the right coverages for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on the average insurance policy.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses like doctor visits, rehabilitation expenses and ambulance fees. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, a broken windshield and hitting a bird. The most a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Hyundai Sonata.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Collision – Collision insurance covers damage to your Sonata from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as crashing into a building, rolling your car and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Liability coverage – This provides protection from damage that occurs to other’s property or people that is your fault. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims such as pain and suffering, medical expenses, structural damage and attorney fees. How much coverage you buy is up to you, but buy as large an amount as possible.

Power to the consumer

Cheaper 2014 Hyundai Sonata insurance is possible from both online companies and from local agencies, so you should be comparing quotes from both to get a complete price analysis. Some companies may not provide internet price quotes and most of the time these smaller providers only sell through local independent agents.

We just covered a lot of tips how to compare 2014 Hyundai Sonata insurance rates online. The key concept to understand is the more rate comparisons you have, the higher your chance of finding the cheapest insurance. Drivers may discover the lowest rates come from a smaller regional carrier. Regional companies may cover specific market segments cheaper compared to the large companies like State Farm, Geico and Nationwide.

More information can be read below:

• Auto Insurance Learning Center (State Farm)
• Booster Seat Ratings (iihs.org)
• Understanding Car Crashes Video (iihs.org)
• A Tree Fell on Your Car: Now What? (Allstate)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)