2003 Hyundai Santa Fe Insurance Cost – 6 Policy Discounts

Trying to find better insurance prices for a new or used Hyundai Santa Fe can turn out to be a lot of work, but you can learn these tips to make it easier.

There are more efficient ways to compare insurance coverage rates and you need to know the absolute fastest way to get price quotes for a Hyundai and locate the lowest price from both online companies and local agents.

You may qualify for discounts

Some providers don’t necessarily list their entire list of discounts very well, so the following is a list of some of the more common and the more hidden credits that you can use to lower your rates. If you don’t get every credit available, you’re just leaving money on the table.

  • Homeowners Discount – Simply owning a home may earn you a small savings due to the fact that maintaining a home requires a higher level of personal finance.
  • Military Rewards – Having a deployed family member could trigger a small discount.
  • Driver’s Ed – It’s a good idea to have your young drivers sucessfully take a drivers education course if it’s offered in school.
  • Telematics Data – Insureds that choose to allow their company to track vehicle usage by installing a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates as long as the data is positive.
  • Good Student – Getting good grades can get you a discount of up to 25%. Many companies even apply the discount to college students up to age 25.
  • Full Payment Discount – If you pay your entire premium ahead of time instead of paying each month you could save up to 5%.

Keep in mind that most discounts do not apply to the entire policy premium. Most cut specific coverage prices like liability and collision coverage. Even though the math looks like it’s possible to get free car insurance, you’re out of luck.

A partial list of companies that possibly offer some of the above discounts may include but are not limited to:

When getting free auto insurance quotes, it’s a good idea to each insurance company to apply every possible discount. Some of the discounts discussed earlier may not be offered in your area.

Misconceptions in insurance coverage advertisements

Consumers can’t get away from all the ads for insurance coverage savings from companies such as Allstate, GEICO and Progressive. All the ads seem to make the promise about how much you will save if you change your policy.

How does every insurance coverage company give you a better price? Here is the trick they use.

All companies have an ideal profile for the type of insured that makes them money. An example of this type of insured might be a female over age 40, carries high limits, and has great credit. Any driver who fits those characteristics receives the best rates and will save money with a new company.

Insureds who do not match the requirements will get a higher rate and this can result in the prospect going elsewhere. The ad wording is “customers who switch” but not “everyone who gets a quote” save that much money. That is how insurance companies can state the savings.

This illustrates why you need to do a price quote comparison at every renewal. Because you cannot predict which insurance coverage company will have better rates than you’re paying now.

There’s no such thing as the perfect insurance coverage policy

When it comes to choosing coverage, there really is no “best” method to buy coverage. Your needs are not the same as everyone else’s.

Here are some questions about coverages that may help highlight whether or not you will benefit from professional help.

  • Does my policy pay for OEM or aftermarket parts?
  • Are split liability limits better than a combined single limit?
  • Is a new car covered when I drive it off the dealer lot?
  • Is my custom paint covered by insurance?
  • How does medical payments coverage work?
  • Exactly who is provided coverage by my policy?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form. It only takes a few minutes and may give you better protection.

Insurance coverage basics

Knowing the specifics of insurance can help you determine the best coverages and the correct deductibles and limits. Policy terminology can be confusing and coverage can change by endorsement.

Collision – Collision coverage covers damage to your Santa Fe from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims like scraping a guard rail, hitting a parking meter, crashing into a building, colliding with another moving vehicle and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM) – This provides protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time these coverages are set the same as your liablity limits.

Liability insurance – This protects you from injuries or damage you cause to a person or their property that is your fault. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 which means $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Another option is a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for things like emergency aid, attorney fees, court costs, medical services and loss of income. How much liability coverage do you need? That is a personal decision, but buy as large an amount as possible.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for hospital visits, surgery, chiropractic care and dental work. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like vandalism, rock chips in glass and theft. The maximum payout your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

At the end of the day…

Cheap 2003 Hyundai Santa Fe insurance can be purchased from both online companies in addition to many insurance agents, so you should compare both so you have a total pricing picture. Some insurance providers may not offer the ability to get a quote online and usually these regional carriers only sell through independent agents.

We covered many ways to get a better price on 2003 Hyundai Santa Fe insurance. The most important thing to understand is the more rate quotes you have, the better your comparison will be. You may be surprised to find that the best price on insurance is with some of the lesser-known companies.

As you restructure your insurance plan, never skimp on coverage in order to save money. There are many occasions where consumers will sacrifice liability coverage limits only to regret that the small savings ended up costing them much more. Your aim should be to find the BEST coverage for the lowest cost but still have enough coverage for asset protection.

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