2003 Hyundai XG350 Insurance Cost

Are you drained from paying out the nose to pay insurance each month? You have the same problem as many other consumers.

Many insurers compete to insure your vehicles, and it can be difficult to compare rates to discover the definitive best rate

You should take the time to get comparison quotes before your policy renews since insurance prices are variable and change quite frequently. Just because you found the lowest rates on XG350 coverage on your last policy you can probably find a better premium rate now. Forget anything you know (or think you know) about insurance because you’re about to learn how to use the internet to remove unneeded coverages and save money.

Ways to get insurance quotes

Most of the larger companies such as State Farm, GEICO and Progressive make it easy to get coverage price quotes from their websites. Doing online price comparisons is very simple because it’s just a matter of typing in your coverage information into a form. After the form is submitted, the company’s rating system requests reports for credit and driving violations and returns pricing information based on the data you entered. Being able to quote online helps simplify price comparisons, but having to visit each company’s website and repetitively type in your information is a waste of time. But it’s very important to perform this step if you want to get the best price on insurance.

The smarter way to locate the lowest prices requires only one form that obtains quotes from a bunch of companies at once. It’s a real time-saver, requires less work, and makes online quotes much more enjoyable. As soon as the form is sent, your coverage is rated and you can choose any one of the returned quotes. If one or more price quotes are lower than your current rates, it’s easy to complete the application and buy the policy. The whole process can be completed in a matter of minutes and you’ll know if lower rates are available.

If you want to find out if lower rates are available, click here to open in a new tab and fill out the form. If you currently have coverage, we recommend that you enter the insurance coverages identical to your current policy. Doing this assures you will receive rate comparison quotes based on similar coverages.

Do you qualify for discounts?

Insurance is expensive, but you might already qualify for some discounts that many people don’t even know exist. Larger premium reductions will be automatically applied at the time you complete a quote, but once in a while a discount must be asked about before you will receive the discount.

  • Safety Course Discount – Taking time to complete a defensive driver course could cut 5% off your bill and easily pay for the cost of the class.
  • College Student Discount – Any of your kids who live away from home at college and don’t have a car could qualify for this discount.
  • Anti-lock Brake Discount – Cars that have anti-lock braking systems can stop better under adverse conditions and qualify for as much as a 10% discount.
  • Drivers Ed for Students – Teen drivers should take driver’s ed class in school or through a local driver safety program.
  • Low Mileage – Low annual miles may allow you to get cheaper rates.
  • Good Students Pay Less – Getting good grades could provide a savings of up to 20% or more. You can use this discount normally until age 25.
  • Paper-free Discount – A handful of insurance companies will give a small break for signing up on your computer.
  • Discounts for Government Workers – Being employed by or retired from a federal job may reduce rates when you quote insurance coverage on XG350 coverage with certain companies.

A little disclaimer on discounts, most discount credits are not given to the entire cost. A few only apply to individual premiums such as comprehensive or collision. Even though it appears you would end up receiving a 100% discount, you aren’t that lucky.

A few of the larger companies and their possible discounts are included below.

  • State Farm may offer discounts for student away at school, Drive Safe & Save, good student, Steer Clear safe driver discount, multiple autos, multiple policy, and defensive driving training.
  • Esurance has discounts for emergency road assistance, renters, multi-car, defensive driver, good student, safety device, and homeowner.
  • Progressive may have discounts that include homeowner, multi-policy, multi-vehicle, good student, and continuous coverage.
  • Liberty Mutual has savings for multi-policy, newly married, safety features, good student, hybrid vehicle, multi-car, and teen driver discount.
  • Auto-Owners Insurance offers premium reductions for student away at school, safe vehicle, paperless, safe driver, group or association, and anti-lock brakes.
  • GEICO policyholders can earn discounts including daytime running lights, emergency military deployment, defensive driver, anti-theft, multi-vehicle, and multi-policy.

Before you buy a policy, ask all companies you are considering which discounts they offer. Savings may not be available in your area. To see a list of insurers who offer insurance discounts, follow this link.

Don’t assume everyone needs the same insurance coverage

When it comes to buying coverage for your vehicles, there isn’t really a one size fits all plan. Every insured’s situation is different so your insurance should reflect that These are some specific questions might help in determining whether your personal situation could use an agent’s help.

  • Am I covered when pulling a rental trailer?
  • Why am I required to buy high-risk coverage?
  • Does medical payments coverage apply to all occupants?
  • Do I pay less if my vehicle is kept in my garage?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Am I covered if I hit a deer?
  • Why is insurance for a teen driver so high?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

Specifics of your car insurance policy

Understanding the coverages of your car insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Car insurance terms can be difficult to understand and nobody wants to actually read their policy. These are the usual coverages available from car insurance companies.

Collision coverage protection

This coverage will pay to fix damage to your XG350 from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as sustaining damage from a pot hole, crashing into a ditch, damaging your car on a curb and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses such as doctor visits, chiropractic care, surgery and hospital visits. They are utilized in addition to your health insurance plan or if you do not have health coverage. It covers both the driver and occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Auto liability insurance

This can cover damages or injuries you inflict on other’s property or people in an accident. This insurance protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage pays for things such as medical expenses, bail bonds, funeral expenses and attorney fees. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive insurance

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, rock chips in glass and theft. The most your car insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.