Sadly, nearly 70% of Florida drivers kept their coverage with the same car insurance company for at least four years, and approximately 40% of consumers have never compared rates with other companies. Consumers in the United States can cut their rates by 47% a year just by getting comparison quotes, but they don’t know the large savings they would see if they changed companies.
The best way to get the cheapest Hyundai Veracruz insurance in Tampa is to begin comparing prices regularly from insurance carriers that insure vehicles in Florida.
- Step 1: Take a little time to learn about how insurance companies determine prices and the measures you can control to prevent high rates. Many rating criteria that are responsible for high rates such as distracted driving and an imperfect credit score can be controlled by making lifestyle changes or driving safer. Keep reading for ideas to get lower rates and find missing discounts.
- Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or Farmers Insurance, while independent agencies can provide price quotes from multiple insurance companies. Compare rates
- Step 3: Compare the quotes to your current policy premium to see if a cheaper rate is available. If you can save some money and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Step 4: Notify your agent or company of your intent to cancel your current policy and submit payment and a completed application for your new policy. Once the paperwork is finalized, safely store the proof of insurance certificate above your visor, in the console, or in the glove compartment.
A valuable tip to remember is to use the same amount of coverage on every quote request and and to get rate quotes from as many companies as feasibly possible. Doing this ensures an accurate price comparison and a complete price analysis.
Most companies such as Allstate and Progressive provide prices directly from their websites. Obtaining pricing for Hyundai Veracruz insurance in Tampa is easy for anyone because you just enter your coverage information into the quote form. After you submit the form the company’s rating system gets credit information and your driving record and generates pricing information based on these factors.
This streamlines rate comparisons, and it is imperative to do this if you want to find cheap car insurance pricing.
To compare rates using this form now, compare rates now from the companies shown below. If you have coverage now, it’s recommended that you enter coverages and limits exactly as they are listed on your policy. Using the same limits helps guarantee you will have a rate comparison based on the exact same insurance coverage.
The companies in the list below have been selected to offer quotes in Tampa, FL. If multiple companies are listed, we recommend you visit as many as you can to find the most competitive car insurance rates.
These ten discounts can lower Hyundai Veracruz insurance rates
Buying insurance is not cheap, but you may qualify for discounts that can dramatically reduce your bill. Some trigger automatically at the time you complete a quote, but some need to be specifically requested before you will receive the discount. If you’re not getting every credit available, you are not getting the best rate possible.
- Clubs and Organizations – Participating in certain professional organizations could qualify you for a break on your next insurance statement.
- Policy Bundle Discount – If you combine your homeowners and auto policies and place coverage with the same company they may give you a discount of up to 20% off your total Veracruz insurance premium.
- Federal Government Employee – Being employed by or retired from a federal job could provide a small rate reduction depending on your insurance provider.
- Seat Belts Save more than Lives – Buckling up and requiring all passengers to use a seat belt can save up to 15% on medical payment and PIP coverage.
- Passive Restraints – Factory air bags or motorized seat belts may earn rate discounts of 25 to 30%.
- Driver’s Education for Students – It’s a good idea to have your young drivers enroll and complete driver’s education in school.
- Telematics Data Discounts – Insureds that choose to allow their insurance company to look at vehicle usage by using a telematic data system like Allstate’s Drivewise could save a few bucks as long as they are good drivers.
- Drive Safe and Save – Insureds who avoid accidents may save up to 50% more compared to accident prone drivers.
- Mature Driver Discount – Older drivers could receive reduced rates.
- Driver Training Discounts – Passing a defensive driver class is a good idea and can lower rates depending on where you live.
It’s important to note that some of the credits will not apply to all coverage premiums. Most only apply to the cost of specific coverages such as comp or med pay. Just because you may think all those discounts means the company will pay you, it’s just not the way it works. Any qualifying discounts will definitely reduce your overall premium however.
The illustration below compares Hyundai Veracruz car insurance rates with and without discounts being applied to the rates. The prices are based on a female driver, no violations or claims, Florida state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, safe-driver, multi-car, marriage, and claim-free discounts applied.
A few popular companies and their possible discounts are:
- State Farm may include discounts for passive restraint, safe vehicle, multiple autos, student away at school, and multiple policy.
- Liberty Mutual has discounts for newly married, new graduate, multi-policy, good student, new vehicle discount, newly retired, and exclusive group savings.
- American Family may offer discounts for defensive driver, accident-free, air bags, mySafetyValet, good driver, Steer into Savings, and good student.
- Progressive offers premium reductions for homeowner, online quote discount, multi-policy, online signing, good student, continuous coverage, and multi-vehicle.
- Farmers Insurance offers discounts for homeowner, bundle discounts, good student, pay in full, youthful driver, alternative fuel, and distant student.
- Auto-Owners Insurance may have discounts that include mature driver, safe vehicle, group or association, safe driver, paperless, and student away at school.
- SAFECO policyholders can earn discounts including bundle discounts, anti-theft, accident prevention training, safe driver, teen safety rewards, drive less, and anti-lock brakes.
When comparing rates, check with every prospective company how you can save money. Some of the earlier mentioned discounts may not be offered everywhere. If you would like to choose from a list of providers that offer the discounts shown above in Florida, follow this link.
Coverage analysis
The rate table below showcases detailed analysis of insurance premium costs for Hyundai Veracruz models. Being able to understand how insurance prices are calculated can be valuable when making decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Veracruz GLS 2WD | $194 | $334 | $362 | $22 | $108 | $1,020 | $85 |
| Veracruz GLS AWD | $218 | $334 | $362 | $22 | $108 | $1,044 | $87 |
| Veracruz Limited 2WD | $218 | $394 | $362 | $22 | $108 | $1,104 | $92 |
| Veracruz Limited AWD | $218 | $394 | $362 | $22 | $108 | $1,104 | $92 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Rates do not factor in garaging location in Tampa which can increase or decrease rates substantially.
Physical damage deductibles: Should you raise them?
When buying auto insurance, a common question is how low should you set your deductibles. The comparisons below determine the difference in cost of buying low and high coverage deductibles. The first table uses a $100 comprehensive and collision deductible and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Veracruz GLS 2WD | $358 | $648 | $354 | $20 | $106 | $1,511 | $126 |
| Veracruz GLS AWD | $406 | $648 | $354 | $20 | $106 | $1,559 | $130 |
| Veracruz Limited 2WD | $406 | $764 | $354 | $20 | $106 | $1,675 | $140 |
| Veracruz Limited AWD | $406 | $764 | $354 | $20 | $106 | $1,675 | $140 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Veracruz GLS 2WD | $200 | $342 | $354 | $20 | $106 | $1,022 | $85 |
| Veracruz GLS AWD | $224 | $342 | $354 | $20 | $106 | $1,046 | $87 |
| Veracruz Limited 2WD | $224 | $402 | $354 | $20 | $106 | $1,106 | $92 |
| Veracruz Limited AWD | $224 | $402 | $354 | $20 | $106 | $1,106 | $92 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Table data does not factor in specific garaging location which can change coverage rates noticeably.
Based on the data above, we can derive that using a $100 deductible would cost the average driver about $45 more each month or $540 for a full year across all Hyundai Veracruz models than opting for the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 20 months between claims, you would probably save some money if you choose a higher deductible. The illustration below shows the way you can come to your own conclusion.
| Average monthly premium for $100 deductibles: | $134 |
| Average monthly premium for $1,000 deductibles (subtract): | – $89 |
| Monthly savings from raising deductible: | $45 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $45 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 20 months |
One important issue to know is that raising deductibles results in a higher out-of-pocket expense when you have a comprehensive or collision claim. You should have access to more funds in the event you need to pay the higher deductible.
The example below shows how choosing a deductible and can raise or lower Hyundai Veracruz insurance costs for each different age group. The prices are based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Impact of violations and accidents on rates in Tampa
The example below highlights how traffic violations and accident claims can drive up Hyundai Veracruz car insurance rates for different categories of driver ages. The price estimates are based on a married female driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
Impact of age and gender on auto insurance rates
The example below compares Hyundai Veracruz auto insurance rates for male and female drivers. The price estimates are based on no driving violations, no at-fault accidents, full coverage, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
Buying insurance from Tampa insurance agents
Many people just prefer to sit down with an agent and doing that can be a smart decision Experienced insurance agents are trained to spot inefficiencies and help submit paperwork. A nice benefit of getting free rate quotes online is you can get lower rates and still choose a local agent. And buying from small agencies is definitely important in Tampa.
After completing this simple form, your insurance data is instantly submitted to agents in your area who will give you quotes and help you find cheaper coverage. You won’t even need to leave your house since rate quotes are delivered directly to you. If you wish to get a comparison quote from a specific company, you can always jump over to their website and fill out the quote form the provide.
If you’re trying to find a reliable agent, there are a couple of different agency structures and how they work. Insurance agencies in Tampa can be classified as either exclusive or independent (non-exclusive). Either type can write insurance policies, but we need to point out the differences because it can impact which type of agent you select.
Independent Insurance Agencies
Agents in the independent channel are appointed with more than one company so they can quote policies with many different companies depending on which coverage is best. If premiums increase, the agent simply finds a different carrier and you don’t have to switch agencies. When comparing insurance rates, we recommend you contact several independent agencies for the best price selection. Most can insure with small regional insurance companies which could offer lower prices.
Shown below is a list of independent agencies in Tampa who can help you get cheap rate quotes.
- Florida Commercial Insurance
4915 W Cypress St – Tampa, FL 33607 – (813) 262-2303 – View Map - All Affordable Insurance Agency
7211 N Dale Mabry Hwy Suite 108 – Tampa, FL 33614 – (813) 935-5554 – View Map - Buhl Insurance Agency
2935 W Hillsborough Ave – Tampa, FL 33614 – (813) 876-0057 – View Map
Exclusive Agencies
These agents can only provide pricing for a single company and some examples include Farmers Insurance, Allstate, or State Farm. Exclusive agencies are unable to compare rates from other companies so they have to upsell other benefits. They are well schooled on their company’s products which helps them sell insurance even at higher premiums. A lot of people purchase coverage from exclusives mainly due to the prominence of the brand and strong financial ratings.
The following are exclusive agents in Tampa that can give you price quotes.
- Herma White – State Farm Insurance Agent
14940 N Florida Ave – Tampa, FL 33613 – (813) 961-6661 – View Map - State Farm: Jimmy Fisher
6920 E Fowler Ave – Tampa, FL 33617 – (813) 989-2037 – View Map - Adi Khorsandian – State Farm Insurance Agent
20752 Center Oak Dr – Tampa, FL 33647 – (813) 991-4111 – View Map
Picking the best auto insurance agent needs to be determined by more than just a cheap price quote. Here are some questions to ask:
- If your car is totaled, how to they determine the replacement cost?
- Does the agency have a good rating with the Better Business Bureau?
- How often do they review policy coverages?
- Are they primarily personal or commercial lines agents in Tampa?
- Do they write coverage based solely on cost?
- What company holds the largest book of business for them?
After you get satisfactory answers for all questions you ask as well as the cheapest Hyundai Veracruz insurance in Tampa quotes, you may have found a car insurance agent that is a good match to service your policy.
Auto insurance company ratings
Ending up with the right insurance company can be a challenge considering how many choices drivers have in Florida. The company ratings shown below could help you analyze which auto insurance companies to look at to insure your vehicles.
Top 10 Tampa Car Insurance Companies Overall
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Top 10 Tampa Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Auto insurance coverages and their meanings
Having a good grasp of auto insurance helps when choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.
Comprehensive coverage (or Other than Collision) – This coverage pays for damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things such as damage from getting keyed, hail damage, theft and falling objects. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
Uninsured Motorist or Underinsured Motorist insurance – This coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Hyundai Veracruz.
Since a lot of drivers only purchase the least amount of liability that is required (10/20/10), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Normally these coverages do not exceed the liability coverage limits.
Collision coverage – This pays to fix your vehicle from damage from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as colliding with another moving vehicle, sustaining damage from a pot hole and crashing into a ditch. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible on your Veracruz to save money on collision insurance.
Coverage for liability – This coverage provides protection from damage that occurs to other’s property or people that is your fault. This coverage protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 10/20/10 which means $10,000 bodily injury coverage, a limit of $20,000 in injury protection per accident, and a limit of $10,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage pays for claims such as emergency aid, repair costs for stationary objects, loss of income, legal defense fees and attorney fees. How much coverage you buy is up to you, but consider buying as large an amount as possible. Florida requires drivers to carry at least 10/20/10 but you should think about purchasing more coverage.
The illustration below shows why minimum state limits may not provide you with enough coverage.
Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like prosthetic devices, surgery and EMT expenses. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
Cheaper insurance rates are possible
Throughout this article, we presented a lot of tips how to shop for Hyundai Veracruz insurance online. It’s most important to understand that the more price quotes you have, the better your chances of lowering your car insurance rates. Consumers could even find that the best rates are with a smaller regional carrier.
Insureds leave their current company for any number of reasons including an unsatisfactory settlement offer, policy non-renewal, lack of trust in their agent or even questionable increases in premium. Whatever your reason, finding a great new company can be easy and end up saving you some money.
Budget-friendly insurance in Tampa is possible online in addition to local insurance agencies, and you need to price shop both to get a complete price analysis. A few companies do not provide internet price quotes and these regional carriers provide coverage only through independent agencies.
For more information, take a look at the articles below:
- Speed and Speed Limit FAQ (iihs.org)
- Who Has Affordable Auto Insurance Rates for Nurses in Tampa? (FAQ)
- Who Has Cheap Tampa Car Insurance Quotes for a Hyundai Elantra? (FAQ)
- Who Has the Cheapest Tampa Car Insurance Rates for a Dodge Ram? (FAQ)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Insurance losses by make and model (Insurance Institute for Highway Safety)
- Older Drivers FAQ (iihs.org)
- How do I File a Claim? (Insurance Information Institute)