2014 Hyundai Equus Insurance Rates

Want the cheapest insurance rates for your Hyundai Equus? Are you drained from paying out the nose to pay high insurance rates every month? You have the same problem as many other drivers.

Due to the increasing number of insurance companies to choose from, it’s nearly impossible to pick the cheapest insurance provider.

The most recommended method to compare insurance rates from multiple companies is to know the trick car insurance companies have advanced systems to compare their rates. All consumers are required to do is provide a small amount of information like distance driven, if the vehicle is leased, any included safety features, and your credit rating estimate. That rating data is automatically sent to insurance companies and you get price estimates almost instantly.

If you would like to compare rates now, click here and enter your zip code.

Can you really save that much by switching?

Well-known insurance coverage companies like GEICO, State Farm and Progressive regularly use ads on TV and radio. All the ads have a common claim that drivers can save some big amount if you get a free insurance quote and switch your policy. How is it plausible that every one can give you a better price? This is the trick they use.

Most companies give the best rates for the type of driver that will not have excessive claims. An example of a desirable insured might have to be over the age of 50, has a clean driving record, and chooses high deductibles. A propective insured that hits that “sweet spot” will most likely get cheap car insurance rates and is almost guaranteed to save some money.

People who do not meet these standards will get higher premium rates which results in business going elsewhere. If you listen closely, the ads state “people who switch” not “all people who quote” save that kind of money. That’s the way insurance companies can confidently make the claims of big savings. Each company has different criteria, so you absolutely need to get insurance quotes as often as possible. It is impossible to predict which insurance companies will have better premium rates than you’re paying now.

How you can control Hyundai Equus insurance premiums

When buying insurance it’s important to understand the factors that are used to determine the level of your policy premiums. When consumers understand what impacts premium levels, this empowers consumers to make smart changes that can earn you big savings. Lots of factors are used when pricing auto insurance. A few of the factors are predictable such as your driving history, although others are less obvious such as your marital status and annual miles driven.

  • Alarm systems save money – Buying a car that has an advanced theft prevention system can help bring down rates. Advanced theft deterrents such as OnStar, LoJack tracking, and tamper alarms all help prevent auto theft and help lower rates.
  • Reduce premiums by driving safer vehicles – Cars with high safety ratings can get you lower premiums. These vehicles protect occupants better and fewer injuries means less money paid by your insurance company and thus lower rates. If the Hyundai Equus is rated at a minimum four stars on Safercar.gov it may cost less to insure.
  • Amount of liability – Your insurance policy’s liability coverage kicks in if a court rules you are at fault for an accident. Liability provides legal defense coverage which can be incredibly expensive. Liability insurance is quite affordable compared to comp and collision, so drivers should buy more than the minimum limits required by law.
  • Where you reside factors in – Being located in less populated areas of the country is a good thing if you are looking for the lowest rates. Less people living in that area translates into fewer accident claims and a lower car theft rate. People who live in big cities have to deal with traffic congestion and a longer drive to work. Higher commute times means a statistically higher chance of an accident.
  • Women tend to be lower risk – Over time, data shows women are more cautious behind the wheel. It does not mean women are BETTER drivers than men. Both genders are in fender benders in similar numbers, but men tend to have more serious accidents. Men also statistically get cited for more serious violations like reckless driving and DUI. Males from age 16 to 21 tend to get in the most accidents and therefore are the most expensive to insure.
  • Teenage driver insurance rates – More experienced drivers tend to be more responsible, cause fewer claims and accidents and get fewer tickets.Teenage drivers have been known to be less responsible with other occupants in the car so insurance rates are higher.
  • Do you have a tough occupation? – Occupational choices like military generalsair traffic controllers and financial analysts tend to have higher average rates attributed to high stress and incredibly demanding work hours. Other occupations such as scientists, athletes and the unemployed pay lower than average rates on Equus insurance.
  • Avoid policy lapses – Driving any period of time without insurance is not a good idea and your next policy will cost more because you let your insurance coverage expire. Not only will rates go up, the inability to provide proof of insurance can result in a license revocation or jail time. Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.

You may qualify for discounts

Insurance is not an enjoyable expense, but there could be significant discounts that many consumers don’t even know exist. Some discounts apply automatically when you complete an application, but a few must be requested specifically before you get the savings.

  • Discounts for Government Workers – Active or retired federal employment could provide a small rate reduction on Equus insurance with select insurance companies.
  • New Vehicle Savings – Buying a new car model can save you some money because new model year vehicles have to meet stringent safety requirements.
  • Paperwork-free – Many larger companies give back up to $50 simply for signing over the internet.
  • Anti-theft System – Cars and trucks equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and earn discounts up to 10% off your insurance quote.
  • Low Mileage – Keeping the miles down on your Hyundai may enable drivers to earn lower prices due to less chance of an accident.
  • Defensive Driver Discount – Taking time to complete a safe driver course could earn you a small percentage discount and easily recoup the cost of the course.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn better premium rates if you take out a life policy as well.
  • Professional Organizations – Affiliation with a civic or occupational organization is a good way to get lower rates when shopping for insurance.
  • Resident Student – Any of your kids who attend college more than 100 miles from home and don’t have a car may be insured at a cheaper rate.
  • Senior Citizen Discount – Seniors may be able to get a discount up to 10% on Equus insurance.

Discounts reduce rates, but you should keep in mind that many deductions do not apply to the entire cost. A few only apply to the cost of specific coverages such as comprehensive or collision. Despite the appearance that you would end up receiving a 100% discount, you’re out of luck.

Large insurance companies and a summarized list of policyholder discounts include:

  • GEICO may include discounts for seat belt use, membership and employees, multi-vehicle, driver training, and federal employee.
  • Travelers may have discounts that include payment discounts, hybrid/electric vehicle, multi-policy, good student, multi-car, and home ownership.
  • Nationwide has discounts for defensive driving, multi-policy, good student, business or organization, family plan, and anti-theft.
  • Farmers Insurance has savings for pay in full, teen driver, switch companies, youthful driver, bundle discounts, and business and professional.
  • Esurance offers discounts including emergency road assistance, anti-lock brakes, multi-policy, online quote, defensive driver, and multi-car.
  • State Farm discounts include safe vehicle, Steer Clear safe driver discount, passive restraint, multiple policy, good driver, Drive Safe & Save, and defensive driving training.
  • Progressive may offer discounts for online signing, homeowner, online quote discount, multi-vehicle, and multi-policy.
  • Mercury Insurance offers premium reductions for anti-theft, accident-free, professional/association, age of vehicle, and good driver.

If you are trying to find inexpensive insurance quotes, ask each company or agent to apply every possible discount. Some of the earlier mentioned discounts might not be offered in your area. To see providers that offer the discounts shown above, follow this link.

There’s no such thing as the perfect insurance policy

When it comes to choosing the best insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Everyone’s situation is a little different so your insurance needs to address that. For example, these questions can aid in determining if you would benefit from professional advice.

  • Should I buy only the required minimum liability coverage?
  • Will my insurance pay for OEM parts?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • When should I not file a claim?
  • When can I cancel my policy?
  • Is business property covered if stolen from my car?
  • Do I need PIP coverage since I have good health insurance?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Auto insurance coverage information

Knowing the specifics of your policy helps when choosing the right coverages for your vehicles. Insurance terms can be impossible to understand and coverage can change by endorsement. Shown next are typical coverage types offered by insurance companies.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your 2014 Hyundai Equus.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Auto liability insurance

This coverage protects you from injuries or damage you cause to other people or property that is your fault. It protects YOU from claims by other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 100/300/100 that translate to $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims like medical services, emergency aid and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.

Comprehensive coverage

This pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, hail damage, damage from a tornado or hurricane, falling objects and hitting a deer. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims like rolling your car, hitting a mailbox, damaging your car on a curb and crashing into a building. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for expenses like ambulance fees, surgery, hospital visits, prosthetic devices and EMT expenses. They are used to cover expenses not covered by your health insurance plan or if you do not have health coverage. They cover you and your occupants in addition to getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Shop. Compare. Save.

While you’re price shopping online, it’s a bad idea to reduce needed coverages to save money. There have been many cases where someone sacrificed uninsured motorist or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your goal is to find the BEST coverage at the best possible price while not skimping on critical coverages.

Cheap 2014 Hyundai Equus insurance can be found from both online companies as well as from independent agents, so you need to shop insurance with both in order to have the best chance of saving money. Some companies may not have price quotes online and these regional carriers only sell through independent agents.

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