How to Save on Hyundai Sonata Insurance in Chandler

If you’re looking for more affordable insurance on the web, are you frustrated by the dozens of insurance choices that you can choose from? Arizona consumers have so many choices that it can easily become a big hassle to compare prices on Hyundai Sonata insurance. Chandler is a great city to raise a family in, but high insurance prices can make it hard to affordably insure vehicles.

A recent NerdWallet.com study revealed that most insurance customers kept buying from the same company for at least four years, and nearly the majority have never shopped around. Chandler insurance shoppers can save hundreds of dollars each year by just comparing rate quotes, but most just don’t grasp how much they could save if they switched to a cheaper policy.

These tips will familiarize you with the most effective way to quote insurance and some tricks to saving. If you have car insurance now, you stand a good chance to be able to reduce the price you pay using the ideas covered in this article. But Arizona drivers do need to know how companies sell insurance online because rates are impacted by many factors.

Facts and figures for Hyundai Sonata insurance

The price information shown below highlights a range of policy rates for Hyundai Sonata models. Being aware of how auto insurance prices are established helps drivers make informed decisions when shopping around for a new policy.

Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Estimates do not factor in specific Chandler garaging location which can affect price quotes substantially.

Physical damage deductibles: Should you raise them?

One of the most common insurance questions is which deductibles should you choose. The data tables below sum up the rate fluctuation when you choose different policy deductibles. The first rate comparisons uses a $100 physical damage deductible and the second price grid uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price information does not factor in garaging location in Chandler which can increase or decrease insurance rates substantially.

Using the premium rates above, we can conclude that using a $100 deductible will cost in the ballpark of $32 more each month or $384 for a full year across all Hyundai Sonata models than opting for the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at a minimum 28 months between claim filings, you would most likely save money if you opt for a higher deductible.

The diagram below demonstrates how choosing different deductibles and can impact Hyundai Sonata insurance premiums for different age groups. The price estimates are based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.

Impact of citations and accidents on Chandler insurance rates

The chart below demonstrates how speeding tickets and at-fault collisions raise Hyundai Sonata insurance prices for different ages of insureds. The costs are based on a married female driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.

Do you need full coverage?

The chart below illustrates the comparison of Hyundai Sonata premium costs when comparing full coverage to liability only. Data assumes no violations or accidents, $500 deductibles, single status, and no discounts are applied to the premium.

When to stop buying comprehensive and collision coverage

There isn’t a steadfast formula of when to phase out comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost of full coverage is about 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s say your Hyundai Sonata replacement cost is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $5,000 after paying the physical damage deductible. If premiums are more than $500 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where only buying liability is not in your best interest. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Smart Buyers Know How to Find Auto Insurance at a Discount

Smart consumers have a good feel for some of the factors that come into play when calculating the price you pay for auto insurance. If you have a feel for what positively or negatively impacts your premiums, this allows you to make good choices that can help you get much lower annual insurance costs.

Shown below are a few of the “ingredients” companies use to determine premiums.

• Higher physical damage deductibles are cheaper – The deductibles are how much you are willing to pay out-of-pocket if you file a covered claim. Protection for physical damage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Examples of some claims that would be covered could be rear-ending another vehicle, damage from fire, and damage from wind. The more expense you’re willing to pay, the better rate you will receive.

• Vehicle risk impacts rates – The make and model of the vehicle you are buying insurance for makes a huge difference in the rate you pay. Lower cost passenger models usually are quite affordable to insure, but that’s not the only thing that factors into the final price.

  The chart below assumes a married male driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It shows Hyundai Sonata policy rates compared to other models of vehicles that have different performance rating factors.

• City traffic equals higher prices – Being located in small towns and rural areas may provide you with better prices when it comes to auto insurance. People who live in big cities have to deal with much more traffic and much longer commute distances. Fewer drivers means fewer accidents in addition to fewer liability claims.

• Men drivers tend to cost more – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. That doesn’t necessarily mean that females are better drivers. Males and females get in accidents in similar percentages, but the male of the species cause more damage and cost insurance companies more money. Not only are claims higher, but men get more serious tickets such as reckless driving. Youthful male drivers are most likely to cause an accident and thus pay the highest rates.

  The information below shows the difference between Hyundai Sonata auto insurance costs for male and female drivers. The prices are based on no claims or violations, full physical damage coverage, $500 deductibles, single marital status, and no discounts are taken into consideration.

• Insurance loss data for Hyundai Sonata vehicles – Companies study historical loss data to help set a rate to offset losses. Vehicles that the statistics show to have a trend towards higher claim severity or frequency will cost more for coverage. The information below illustrates the insurance loss data for Hyundai Sonata vehicles.

  For each policy coverage type, the claim amount for all vehicles compiled together is equal to 100. Numbers under 100 indicate better than average losses, while values that are above 100 indicate more frequent losses or an increased chance of larger losses than average.

  
  

  Auto Insurance Loss Data for Hyundai Sonata Models

  Specific Hyundai Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Hyundai Sonata	129	88	101	138	149	110
  Hyundai Sonata Hybrid	142	116	119	124	138	121

  BETTER

  AVERAGE

  WORSE

  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

The most affordable rates come from being thorough

We just showed you a lot of techniques to find cheap Hyundai Sonata insurance in Chandler. It’s most important to understand that the more providers you compare, the better your chances of lowering your car insurance rates. Consumers may even find the biggest savings come from some of the smallest insurance companies. Smaller companies may have significantly lower car insurance rates on certain market segments as compared to the big name companies such as State Farm or Progressive.

Affordable Hyundai Sonata insurance in Chandler is possible both online as well as from insurance agents, so get free Chandler auto insurance quotes from both of them to get a complete price analysis. Some insurance providers may not offer rate quotes online and these small insurance companies only sell through independent agents.

How to buy discount Hyundai Sonata insurance in Chandler

The recommended way to find cheaper Hyundai Sonata insurance in Chandler is to regularly compare prices from companies who provide car insurance in Arizona.

1. Read and learn about car insurance and the measures you can take to keep rates in check. Many factors that are responsible for high rates such as at-fault accidents, speeding tickets, and a bad credit rating can be remedied by making minor changes in your lifestyle.
2. Request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from one company like GEICO and Allstate, while agents who are independent can quote rates for a wide range of companies.
3. Compare the price quotes to the price on your current policy and see if you can save money. If you find a better price and change companies, make sure there is no coverage gap between policies.

The critical component of shopping around is that you use similar coverage information on each quote and and to compare as many different companies as possible. This enables a fair rate comparison and the best price quote selection.

Helpful articles

• How to Avoid Buying a Flooded Car (Insurance Information Institute)
• Who Has Affordable Chandler Auto Insurance for a Toyota RAV4? (FAQ)
• Property Damage Coverage (Liberty Mutual)
• Shopping for a Safe Car (Insurance Information Institute)
• Car Insurance FAQ (Trusted Choice)
• Car Insurance: When not to Skimp (BankRate.com)