2017 Hyundai Ioniq Electric Insurance Rates

If you are new to online insurance coverage, you may be bewildered thanks to the incredible selection local agents and online companies all advertising big savings.

Smart consumers take time to quote other rates on a regular basis because insurance coverage prices fluctuate regularly. Even if you think you had the lowest rate for Ioniq Electric insurance a couple years back you can probably find a better premium rate now. Forget anything you know (or think you know) about insurance coverage because we’re going to demonstrate the easiest way to save money, get proper deductibles and limits, all at the lowest rate.

Compare quotes for auto insurance

When shopping for auto insurance there are multiple ways of comparing rate quotes from different insurance companies. The recommended way to find affordable 2017 Hyundai Ioniq Electric insurance rates is simply to get online rate quotes. It is quite easy and can be accomplished by using one of the methods below.

  1. One of the fastest ways to get quotes for comparison is to use a rate comparison form like this one (opens in new window). This quick form eliminates the need for separate quotes for every auto insurance company. A single form will return quotes from multiple companies. It’s the fastest way to compare.
  2. A less efficient way to find better pricing requires a visit to the website of each company and go through the quote process again. For examples sake, let’s say you want comparison quotes from USAA, Farmers and Progressive. To find out each rate you need to navigate to each company’s site and repeatedly type in your coverage information, which can get rather old.

    To view a list of companies in your area, click here.

It’s up to you how you get prices quotes, just try to use the exact same coverage limits on every quote. If you are comparing different deductibles it will be next to impossible to determine the best price for your Hyundai Ioniq Electric. Even a minor difference in coverages can result in a big premium difference. Keep in mind that comparing all the rates in your area gives you a better chance of getting the best offered rates.

Insurance companies offer many discounts

Car insurance companies don’t necessarily list all available discounts very clearly, so the next list breaks down a few of the more well known and the more hidden credits available to you.

  • Student Driver Training – Cut your cost by having your teen driver participate in a local driver’s education class as it will make them better drivers and lower rates.
  • ABS Braking Discount – Cars, trucks, and SUVs with ABS braking systems or traction control can avoid accidents so you can save 10 percent or more.
  • Student Discounts – A discount for being a good student can be rewarded with saving of up to 25%. The discount lasts until age 25.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and will save you 10% or more.
  • Responsible Driver Discounts – Drivers who avoid accidents may receive a discount up to 45% for Ioniq Electric insurance than drivers with accident claims.
  • Low Miles Discount – Driving fewer miles can qualify you for discounted rates on garaged vehicles.
  • Auto/Home Discount – If you have multiple policies with one insurance company you may earn up to 20% and get you the cheapest insurance.
  • Discounts for Government Workers – Active or former government employment could cut as much as 10% off for Ioniq Electric insurance but check with your company.
  • Senior Citizens – Drivers that qualify as senior citizens may receive reduced rates for Ioniq Electric insurance.
  • Lower Rates for Military – Being deployed in the military may lower your rates slightly.

One thing to note about discounts is that many deductions do not apply the the whole policy. Some only apply to the cost of specific coverages such as collision or personal injury protection. Just because you may think all those discounts means the company will pay you, you’re out of luck.

A few popular companies and their possible discounts are included below.

  • Mercury Insurance may include discounts for good driver, accident-free, anti-theft, good student, age of vehicle, and ease of repair.
  • Farmers Insurance policyholders can earn discounts including good student, electronic funds transfer, alternative fuel, pay in full, business and professional, and distant student.
  • Farm Bureau has discounts for multi-vehicle, safe driver, renewal discount, good student, youthful driver, and 55 and retired.
  • State Farm offers discounts for good driver, student away at school, safe vehicle, multiple autos, good student, and passive restraint.
  • Allstate discounts include multi-policy, economy car, 55 and retired, anti-theft, and anti-lock brakes.
  • GEICO offers premium reductions for emergency military deployment, defensive driver, anti-theft, driver training, seat belt use, anti-lock brakes, and federal employee.

Before buying, ask every prospective company how many discounts you can get. Depending on the company, some discounts might not be offered on policies in every state. For a list of providers with the best insurance discounts, click here.

Do I just need basic coverages?

When choosing proper insurance coverage for your vehicles, there is no one size fits all plan. Coverage needs to be tailored to your specific needs.

These are some specific questions could help you determine if you may require specific advice.

  • Am I covered if hit by an uninsured driver?
  • How much liability do I need to cover my assets?
  • Is a fancy paint job covered?
  • What is UM/UIM insurance?
  • Are my tools covered if they get stolen from my vehicle?
  • Am I covered when driving someone else’s vehicle?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form.

Insurance coverage basics

Understanding the coverages of your insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and damage to your Hyundai Ioniq Electric.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Comprehensive or Other Than Collision

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 protects against claims like vandalism, a tree branch falling on your vehicle, hitting a deer, damage from flooding and hitting a bird. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for liability

Liability insurance provides protection from damages or injuries you inflict on other people or property. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability coverage protects against things such as funeral expenses, structural damage, medical expenses and bail bonds. The amount of liability coverage you purchase is your choice, but you should buy higher limits if possible.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for expenses for things like X-ray expenses, surgery and hospital visits. They can be utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Coverage for collisions

Collision coverage will pay to fix damage to your Ioniq Electric caused by collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as sustaining damage from a pot hole, scraping a guard rail, damaging your car on a curb, hitting a parking meter and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. It’s also possible to raise the deductible to bring the cost down.

Make an honest buck

In this article, we covered many ways to get a better price on 2017 Hyundai Ioniq Electric insurance. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your car insurance rates. You may even discover the most savings is with a smaller regional carrier.

Discount 2017 Hyundai Ioniq Electric insurance is definitely available online and also from your neighborhood agents, and you should compare rates from both so you have a total pricing picture. Some insurance providers don’t offer the ability to get a quote online and usually these smaller companies provide coverage only through independent agents.

When getting insurance quotes online, do not skimp on critical coverages to save a buck or two. There are a lot of situations where someone sacrificed uninsured motorist or liability limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to purchase plenty of coverage at the lowest possible cost while not skimping on critical coverages.

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