1996 Hyundai Sonata Insurance Cost – 5 Ways to Save

Nobody rejoices having to buy insurance coverage, especially when the price is too high. Due to the abundance of insurance companies to choose from, it’s nearly impossible to find the most cost effective insurance company.

Finding the best rates is easy if you know what you’re doing. If you are paying for car insurance now, you stand a good chance to be able to cut costs considerably using this information. Drivers just need to know the most effective way to shop their coverage around on the web.

The quickest method we recommend to compare rates is to know the fact car insurance companies have advanced systems to compare their rates. The only thing you need to do is take a few minutes to give details such as what your job is, any included safety features, if you went to college, and deductibles desired. Your information is instantly sent to many different companies and you should receive rate quotes almost instantly.

To start a rate quote now, click here and enter your coverage details.

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These five discounts can lower your insurance rates

The cost of insuring your cars can be expensive, but discounts can save money and there are some available to reduce the price significantly. Certain credits will be shown at the time of purchase, but some need to be asked for in order for you to get them.

  • Savings for New Vehicles – Insuring a vehicle that is new is cheaper because newer models have to meet stringent safety requirements.
  • Onboard Data Collection – Drivers who elect to allow companies to look at driving habits by using a telematic data system such as Snapshot from Progressive or Drivewise from Allstate might get better premium rates if they show good driving skills.
  • Early Renewal Discounts – Some larger companies provide a discount for switching policies prior to your current policy expiring. It’s a savings of about 10%.
  • Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems can get savings of more than 20%.
  • Professional Memberships – Affiliation with a qualifying organization can get you a small discount on your policy.

A little disclaimer on discounts, most discount credits are not given to your bottom line cost. Most only apply to the price of certain insurance coverages like liability and collision coverage. Despite the appearance that you could get a free insurance policy, companies don’t profit that way.

A list of companies and a summarized list of policyholder discounts are:

  • Progressive has savings for online quote discount, continuous coverage, homeowner, online signing, multi-vehicle, good student, and multi-policy.
  • Farmers Insurance may include discounts for homeowner, distant student, mature driver, multi-car, early shopping, teen driver, and youthful driver.
  • Farm Bureau policyholders can earn discounts including youthful driver, driver training, good student, renewal discount, multi-policy, and 55 and retired.
  • State Farm offers discounts including accident-free, student away at school, anti-theft, good driver, and good student.
  • GEICO offers discounts for membership and employees, multi-vehicle, anti-theft, seat belt use, driver training, emergency military deployment, and defensive driver.
  • SAFECO includes discounts for drive less, teen safety rewards, teen safe driver, anti-lock brakes, and anti-theft.
  • Liberty Mutual may have discounts that include good student, newly retired, preferred payment discount, hybrid vehicle, teen driver discount, new move discount, and newly married.

Before buying, ask each company to give you their best rates. A few discounts might not be available to policyholders in your area.

Different people need different auto insurance coverages

When buying adequate coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique and your policy should reflect that. For example, these questions can aid in determining if your insurance needs might need professional guidance.

  • Will my rates increase for filing one claim?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Do I need more liability coverage?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • When would I need additional glass coverage?
  • When can I cancel my policy?

If you’re not sure about those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.

Coverages available on your auto insurance policy

Understanding the coverages of auto insurance aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be confusing and reading a policy is terribly boring. These are typical coverages available from auto insurance companies.

Comprehensive insurance – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as damage from flooding, hail damage, theft and damage from getting keyed. The highest amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Hyundai Sonata.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.

Liability auto insurance – This coverage protects you from damages or injuries you inflict on a person or their property that is your fault. This insurance protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 50/100/50 which means $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers things like legal defense fees, loss of income, pain and suffering and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible.

Collision coverage – This coverage covers damage to your Sonata from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims like scraping a guard rail, hitting a parking meter, rolling your car, sideswiping another vehicle and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage reimburse you for short-term medical expenses such as pain medications, surgery, funeral costs and EMT expenses. They are often used in conjunction with a health insurance program or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Feed the piggy bank

Some insurance companies may not have online price quotes and these small insurance companies work with local independent agencies. Lower-priced insurance coverage can be found online and from local insurance agents, and you need to price shop both so you have a total pricing picture.

We covered a lot of information how to compare 1996 Hyundai Sonata insurance car insurance rates online. The key concept to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may even find the best car insurance rates are with the least-expected company. These companies often have lower premium rates on specific markets as compared to the big name companies such as GEICO and State Farm.

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