Lower Your 2017 Hyundai Ioniq Electric Insurance Cost

Searching for the cheapest insurance rates for your Hyundai Ioniq Electric? Are you sick and tired of wondering where the money will come from to pay insurance each month? Your situation is no different than the majority of other consumers.

Because you have many different company options, it can be impossible to pick the cheapest company.

It’s a great practice to get comparison quotes quite often since insurance rates change quite often. Even if you got the best premium rates for Ioniq Electric insurance a few years ago the chances are good that you can find a lower price today. Forget anything you know (or think you know) about insurance because you’re about to learn the things you must know in order to find better rates and still maintain coverage.

Car insurance discounts help reduce rates

Car insurance can cost a lot, but you may qualify for discounts that many people don’t even know exist. Some of these disounts will be visible at the time you complete a quote, but a few need to be inquired about prior to getting the savings.

• New Car Discount – Buying a new car instead of a used car can save up to 30% since new vehicles have better safety ratings.
• Good Students Pay Less – Maintaining excellent grades may save you up to 25%. Earning this discount can benefit you up until you turn 25.
• Accident Free – Drivers with accident-free driving histories pay less as compared to drivers with a long claim history.
• Discount for Life Insurance – If the company offers life insurance, you could get a discounted rate on car insurance if you buy a life policy as well.
• Anti-theft Discount – Cars and trucks that have factory anti-theft systems prevent vehicle theft and will save you 10% or more.
• Telematics Data – Insureds that choose to allow driving data submission to monitor vehicle usage remotely such as Snapshot from Progressive or Drivewise from Allstate may get a rate reduction if their driving habits are good.
• Membership in Organizations – Participating in qualifying employment or professional organizations could qualify you for a break on your bill.
• Fewer Miles Equal More Savings – Driving less may enable drivers to earn lower premium rates on the low mileage vehicles.

Just know that most discounts do not apply the the whole policy. Most cut specific coverage prices like collision or personal injury protection. Even though it appears you can get free auto insurance, insurance companies wouldn’t stay in business.

A few popular companies and a partial list of their discounts are outlined below.

• Progressive may offer discounts for good student, online quote discount, online signing, homeowner, multi-vehicle, multi-policy, and continuous coverage.
• The Hartford has discounts for bundle, good student, driver training, vehicle fuel type, defensive driver, and air bag.
• Mercury Insurance offers discounts for location of vehicle, ease of repair, professional/association, type of vehicle, good driver, low natural disaster claims, and multi-car.
• Geico may include discounts for multi-policy, anti-lock brakes, seat belt use, emergency military deployment, good student, and five-year accident-free.
• AAA may have discounts that include good driver, education and occupation, AAA membership discount, pay-in-full, and multi-policy.
• State Farm offers discounts including accident-free, multiple policy, defensive driving training, anti-theft, student away at school, Steer Clear safe driver discount, and Drive Safe & Save.

If you are trying to find affordable insurance quotes, ask every insurance company to apply every possible discount. Some of the earlier mentioned discounts may not apply to policies in your state.

Why you might pay increased rates

One of the most helpful ways to save on car insurance is to to have a grasp of a few of the rating criteria that go into determining the price you pay for car insurance. If you have some idea of what determines base rates, this enables you to make decisions that may reward you with lower premium levels.

• Single drivers take more risk – Getting married may earn you lower rates compared to being single. It may mean you are less irresponsible and it’s proven that married drivers get in fewer accidents.
• Rates also based on gender – The statistics show that females take fewer risks when driving. That doesn’t necessarily mean that men are WORSE drivers than women. Both sexes cause at-fault accidents in similar numbers, but men cause more damage and cost insurance companies more money. In addition to higher claims, males also get higher numbers of serious violations like reckless driving and DUI.
• Where you live can influence premiums – Having an address in smaller towns and rural areas of the country may provide you with better prices if you are looking for the lowest rates. Residents of big cities regularly have congested traffic and more severe claims. Less people means reduced accidents.
• Responsible credit means lower premiums – A driver’s credit history can be an important factor in determining premium rates. If your credit score can be improved, you could be paying less to insure your 2017 Hyundai Ioniq Electric by taking the time to improve your credit score. People with excellent credit tend to be more responsible than drivers who have poor credit.
• Better car insurance rates on safer vehicles – Cars with five star safety ratings are cheaper to insure. Safer cars reduce the chance of injuries and fewer serious injuries means less money paid by your insurance company which can result in lower premiums.

Which is the best car insurance?

When choosing coverage, there really is no “best” method to buy coverage. Everyone’s needs are different so your insurance needs to address that. For instance, these questions may help highlight if your insurance needs will benefit from professional help.

• Should I drop comprehensive coverage on older vehicles?
• Am I covered when pulling a rental trailer?
• How do I file an SR-22 for a DUI in my state?
• If my 2017 Hyundai Ioniq Electric is totaled, can I afford another vehicle?
• Are my friends covered when driving my 2017 Hyundai Ioniq Electric?
• Which is better, split liability limits or combined limits?
• Do I really need UM/UIM coverage?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.

Learn about auto insurance coverages for a Hyundai Ioniq Electric

Having a good grasp of your policy helps when choosing which coverages you need and the correct deductibles and limits. Auto insurance terms can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages available from auto insurance companies.

Collision coverage

This covers damage to your Ioniq Electric resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like driving through your garage door, backing into a parked car, hitting a mailbox, crashing into a ditch and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive protection

This coverage will pay to fix 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 pays for claims like damage from getting keyed, hitting a deer, theft and falling objects. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for liability

This will cover injuries or damage you cause to people or other property in an accident. It protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as attorney fees, funeral expenses and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Uninsured or underinsured coverage

This provides protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and damage to your Hyundai Ioniq Electric.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Frequently these coverages are identical to your policy’s liability coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for X-ray expenses, ambulance fees and EMT expenses. They can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. It covers both the driver and occupants and also covers getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Coverage on a shoestring budget

Throughout this article, we presented many tips how you can shop for 2017 Hyundai Ioniq Electric insurance online. It’s most important to understand that the more times you quote, the better chance you’ll have of finding low cost insurance. Consumers may even find the lowest premium rates come from some of the lesser-known companies. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate, Geico and Progressive.

Cost effective 2017 Hyundai Ioniq Electric insurance can be found from both online companies and from local agencies, so you should compare both to get a complete price analysis. Some companies may not provide price quotes online and most of the time these smaller companies prefer to sell through independent insurance agents.

More tips and info about auto insurance is located in the articles below:

• Reducing Your Risks in a Car Crash Video (iihs.org)
• How to Avoid Buying a Flooded Car (Insurance Information Insitute)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)
• Rollover Crash FAQ (iihs.org)
• Tools for Teen Driving Safety (State Farm)