Best Ways to Save on Tampa Hyundai Sonata Insurance

If saving money is your primary concern, then the best way to get budget Hyundai Sonata insurance is to compare prices annually from providers that insure vehicles in Tampa. Drivers can shop around by following these guidelines.

First, take a few minutes and learn about car insurance and the changes you can make to keep rates in check. Many policy risk factors that cause rate increases such as speeding tickets, careless driving and a less-than-favorable credit history can be remedied by making minor changes to your lifestyle.

Second, request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like Progressive or Allstate, while agents who are independent can give you price quotes from many different companies.

Third, compare the new quotes to your current policy and determine if there is any savings. If you find a lower rate, make sure coverage is continuous and does not lapse.

Fourth, tell your current company of your intent to cancel your current policy. Submit a completed application and payment for your new coverage. As soon as you have the new policy, safely store the proof of insurance certificate along with your vehicle registration.

One important bit of advice is that you’ll want to compare the same coverage limits and deductibles on every quote request and and to get price estimates from as many different insurance providers as possible. This enables an apples-to-apples comparison and the most accurate and complete price analysis.

Astonishing but true according to a recent study, most insurance policyholders kept their policy with the same company for over three years, and almost half have never quoted rates to find affordable coverage. Tampa drivers could pocket almost 55% a year by just comparing quotes, but most tend to underestimate the amount of money they would save if they switch to a new company.

Shop Hyundai Sonata insurance online

When looking for the cheapest Hyundai Sonata rate quotes, there are a couple ways to compare prices from many available auto insurance companies in Florida. One of the best ways to compare Hyundai Sonata insurance prices consists of shopping online.

Comparison shopping rate quotes online is easy and it makes it a waste of time to go to insurance agencies in your area. Shopping for auto insurance online reduces the need to sit down with an agent unless your situation requires the extra assistance of a local agency. Drivers can price shop your coverage online but have your policy serviced through an agent.

When comparison shopping, comparing more prices helps improve the odds of finding the best price. Some insurance companies are not set up to provide price estimates online, so you should also compare rates from them, too.

The providers in the list below provide comparison quotes in Florida. If multiple companies are listed, we suggest you visit several of them to get the best price comparison.

Determine discounts to get cheap Tampa auto insurance rates

Some companies don’t necessarily list every discount in an easy-to-find place, so the following is a list of some of the best known and also the lesser-known credits available to lower your premiums when you buy Tampa car insurance online. If you are not receiving all the discounts possible, you are paying more than you should be.

• Anti-lock Brake System – Anti-lock brake equipped vehicles prevent accidents so you can save 10 percent or more.
• Safety Course Discount – Completing a course in driver safety could earn you a small percentage discount and also improve your driving technique.
• E-sign – A few auto insurance companies will discount your bill up to fifty bucks for buying a policy and signing up on the web.
• Discounts for Government Workers – Employees or retirees of the government may qualify for a discount when you quote Tampa car insurance but check with your company.
• Telematics Data Discounts – Tampa drivers who agree to allow their company to look at vehicle usage by using a telematic data system such as Drivewise from Allstate or Snapshot from Progressive could see a rate decrease if they have good driving habits.

As a footnote on discounts, some credits don’t apply to all coverage premiums. Most only apply to specific coverage prices like physical damage coverage or medical payments. So when it seems like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business. But all discounts should help reduce your policy premium.

The chart below shows the comparison of Hyundai Sonata insurance premiums with and without discounts applied to the premium. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, marriage, homeowner, and claim-free discounts applied.

The best auto insurance companies and a partial list of their discounts can be found below.

• 21st Century offers discounts including homeowners, air bags, automatic seat belts, theft prevention, and early bird.
• Progressive may include discounts for continuous coverage, online signing, multi-policy, homeowner, multi-vehicle, online quote discount, and good student.
• State Farm policyholders can earn discounts including Steer Clear safe driver discount, driver’s education, good driver, defensive driving training, accident-free, student away at school, and anti-theft.
• Nationwide offers premium reductions for business or organization, anti-theft, accident-free, Farm Bureau membership, multi-policy, easy pay, and good student.
• Esurance includes discounts for Pac-12 alumni, multi-policy, defensive driver, homeowner, renters, DriveSense, and emergency road assistance.
• The Hartford may offer discounts for vehicle fuel type, bundle, defensive driver, anti-theft, good student, and air bag.

When comparing rates, check with each insurance company which discounts you may be entitled to. Some credits may not apply to policies in Tampa. To see a list of auto insurance companies who offer online Hyundai Sonata insurance quotes in Tampa, follow this link.

Coverage statistics and figures

The data table displayed below outlines detailed analysis of insurance premium costs for Hyundai Sonata models. Understanding how insurance policy rates are calculated can help drivers make smart choices when buying a policy.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Information does not factor in vehicle garaging location which can affect premiums significantly.

Physical damage deductible comparison

One of the more difficult decisions when buying insurance is where should you set your physical damage deductibles. The comparison tables below determine how much more you’ll pay between high and low policy deductibles. The first rate quote example uses a $250 deductible for comp and collision and the second price chart uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Premium costs do not factor in specific location information which can alter prices considerably.

Using the premium rates above, we can conclude that using a $250 deductible will cost you roughly $17 more each month or $204 a year averaged for all Sonata models than choosing the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to have at a minimum 15 months between claims, you would save money if you elect the higher deductible.

The chart below illustrates how your deductible choice and can impact Hyundai Sonata insurance rates for different insured age categories. The price estimates are based on a single male driver, full coverage, and no discounts are taken into consideration.

How Insurance Providers Calculate Hyundai Sonata Insurance Premiums

Multiple criteria are considered when you get a price on insurance. Most are fairly basic such as your driving record, but others are less apparent like where you live or how safe your car is.

The factors shown below are some of the items used by your company to calculate premiums.

Annual mileage and car insurance rates – The higher the miles on your Hyundai annually the more you will pay for car insurance. Almost all companies rate vehicles based upon how you use the vehicle. Cars and trucks that do not get driven very much can get a lower rate than those used for commuting. It’s a good idea to make sure your car insurance declarations sheet is rated on the correct usage. Incorrect rating for your Sonata can result in significantly higher rates.

Always keep your policy in place – Driving your car without having proper coverage is not a good idea and your next policy will cost more because you let your coverage lapse. And not only will insurance be more expensive, failure to provide proof of insurance can result in a fine, jail time, or a revoked license. You may then be required to provide proof of insurance in the form of an SR-22 filing with the Florida DMV.

Insurance premiums and vehicle performance – The type of car you drive makes a significant difference in your car insurance bill. Economy passenger models usually have the lowest premiums, but that’s not the only thing that factors into the final price.

The data below uses these variables: married male driver age 50, full coverage with $100 deductibles, and no discounts or violations. It compares Hyundai Sonata car insurance rates compared to other models that have different performance risks.

Lower stress equals lower prices – Occupations like fire fighters, business owners, and accountants generally have the highest average rates attributed to high stress and lots of time spent away from family. Other careers such as scientists, engineers and homemakers get better rates.

Extra coverages can cost a lot – There are quite a few add-on coverages that sound like a good idea at the time on your Sonata policy. Coverage for things like replacement cost coverage, high-cost glass coverage, and extra life insurance coverage may not be needed and are just wasting money. They may seem like a good idea when discussing your needs, but your needs may have changed so eliminate them to save money.

Don’t get traffic citations – Being a careful driver has a huge affect on how much you pay. Attentive drivers get better rates compared to bad drivers. Even one ticket can bump up the cost substantially. People who have flagrant violations such as DUI or reckless driving are required to complete a SR-22 with their state’s licensing department in order to continue driving.

The information below illustrates how violations and at-fault accidents influence Hyundai Sonata premium costs for each age group. The premium estimates are based on a single female driver, full coverage, $250 deductibles, and no discounts are factored in.

Too many claims and you’ll pay more – If you are a frequent claim filer, don’t be surprised to see increased rates or even have your policy non-renewed. Car insurance companies in Florida provide most affordable rates to insureds who file claims infrequently. Insurance coverage is designed for the large, substantial claims.

Pay more of a claim out-of-pocket – Your deductibles represent how much money you are willing to pay out-of-pocket in the event of a claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Examples of some claims that would be covered are collision with another vehicle, vandalism, or theft of your vehicle. The higher the amount you’re willing to pay, the less your car insurance will be.

Hyundai Sonata historical loss data – Insurance companies use data from past claims as a way to help calculate a profitable premium price. Vehicles that the data determines to have increased claim numbers or amounts will have higher rates. The information below illustrates the loss history for Hyundai Sonata vehicles.

For each policy coverage, the loss probability for all vehicles, regardless of make, model or trim level, is a value of 100. Numbers under 100 suggest a positive loss record, while percentages above 100 point to more claims or a tendency for claims to be larger.