Compare 2017 Hyundai Ioniq Hybrid Car Insurance Rates

Finding the lowest price auto insurance can seem to be rather difficult for consumers new to online price comparisons. Since there are so many companies competing online, how are consumers expected to have a chance to compare the different rates to find the best pricing?

If you have car insurance now, you will most likely be able to cut costs considerably using these techniques. Locating affordable coverage is easy if you know what you’re doing. Nevertheless, drivers must know how companies price insurance differently and take advantage of how the system works.

How to find low cost insurance

Shopping for lower insurance rates can be challenging if you don’t know the most efficient way. You could waste a few hours talking about coverages with agents in your area, or you could use online quoting to achieve your goal.

All the larger companies participate in an industry program where prospective buyers enter their policy data once, and at least one company then gives them pricing for coverage. This eliminates the need for quotation requests to each company. To fill out one form to compare multiple rates now click here (opens in new window).

The single downside to doing it this way is buyers cannot specifically choose the companies you want to price. So if you want to choose specific insurance companies to compare, we put together a list of companies who write insurance in your area. View list of insurance companies.

It’s up to you how you get prices quotes, just double check that you are using the same coverages and limits with every price quote. If you have unequal deductibles or liability limits it’s not possible to find the best deal for your Hyundai Ioniq Hybrid. Even a minor difference in limits can result in a big premium difference. Keep in mind that quoting more helps you find more affordable rates.

Cheaper rates by receiving discounts

Companies that sell car insurance do not list every discount very well, so the following is a list of a few of the more well known as well as some of the hidden credits available to you.

  • Pay Early and Save – If paying your policy premium upfront rather than spreading payments over time you could save up to 5%.
  • Air Bag Discount – Options like air bags or automatic seat belts can qualify for discounts as much as 30%.
  • Multi-line Discount – Larger insurance companies have a discounted rate on car insurance if you buy life insurance from them.
  • Distant Student Discount – Children living away from home attending college and won’t have access to an insured vehicle could get you a discount.
  • Driver Safety – Successfully completing a defensive driving class could save 5% or more and easily recoup the cost of the course.

Discounts save money, but please remember that most discounts do not apply to your bottom line cost. Some only reduce specific coverage prices like physical damage coverage or medical payments. Despite the fact that it seems like all those discounts means the company will pay you, it doesn’t quite work that way. But any discount will positively reduce your insurance coverage premiums.

To choose insurance coverage companies who offer discounts, click here to view.

Your insurance coverage coverage should be tailored to you

When buying proper insurance coverage, there is no best way to insure your cars. Everyone’s needs are different.

Here are some questions about coverages that may help highlight if your insurance needs could use an agent’s help.

  • Can I still get insurance after a DUI?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What is the minimum liability in my state?
  • Should I buy additional glass protection?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Do I need rental car coverage?
  • Can I drive in Mexico and have coverage?
  • Do I need PIP coverage since I have good health insurance?
  • Why am I required to buy high-risk coverage?

If you can’t answer these questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form.

Coverages available on your insurance policy

Knowing the specifics of a insurance policy helps when choosing the best coverages for your vehicles. The terms used in a policy can be confusing and reading a policy is terribly boring.

UM/UIM Coverage

Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and damage to your Hyundai Ioniq Hybrid.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Liability coverages

Liability insurance can cover damage that occurs to other’s property or people. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage pays for claims such as legal defense fees, court costs and loss of income. How much coverage you buy is a personal decision, but consider buying as large an amount as possible.

Comprehensive or Other Than Collision

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like hitting a bird, vandalism, theft and falling objects. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like prosthetic devices, hospital visits, surgery, ambulance fees and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision protection

Collision coverage will pay to fix damage to your Ioniq Hybrid resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims like damaging your car on a curb, sideswiping another vehicle, sustaining damage from a pot hole and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to bring the cost down.