How to Save on Riverside Hyundai Sonata Insurance

Anyone knows that insurance companies don’t want customers comparing rates. Drivers who shop around once a year will probably switch to a new company because they have good chances of finding a more affordable policy premium. A survey found that people who made a habit of comparing rate quotes saved over $850 each year compared to those who don’t make a habit of comparing rates.

If finding the cheapest rates on Hyundai Sonata insurance in Riverside is your ultimate objective, then having some insight into how to get price quotes and compare insurance can save time, money, and frustration.

Insurance for Hyundai SonataIf you want to find the absolute lowest rates, then the best way to find affordable quotes for Hyundai Sonata insurance in Riverside is to start doing a yearly price comparison from insurers who sell insurance in California. You can compare prices by completing these steps.

Step 1: Try to comprehend the coverage provided by your policy and the changes you can make to keep rates low. Many rating factors that result in higher prices like at-fault accidents and an unacceptable credit history can be rectified by making small lifestyle or driving habit changes.

Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like GEICO and Allstate, while agents who are independent can provide price quotes from many different companies.

Step 3: Compare the new rate quotes to your existing rates to see if cheaper Sonata coverage is available in Riverside. If you find a lower rate and change companies, verify that coverage does not lapse between policies.

One tip to remember is to try to compare the same physical damage deductibles and liability limits on each quote request and and to get price quotes from as many different companies as possible. Doing this provides an apples-to-apples comparison and plenty of rates choose from.

If you have insurance now or just want a better rate, you will benefit by learning to reduce the price you pay and still get good coverage. Buying the cheapest car insurance in Riverside can initially seem challenging. You only have to learn the proper way to compare rates from many different companies.

Finding cheaper auto insurance quotes is not rocket science. All you need to do is invest a little time comparing rate quotes to see which company has low cost Riverside car insurance quotes.

Comparison shopping price quotes online is easy and it makes it obsolete to spend time driving to insurance agencies in your area. The fact that you can get quotes online can eliminate the need for a local agent unless your situation requires the trained advice only provided by licensed agents. You can, however, comparison shop online but purchase the actual policy in an agency.

The companies shown below are ready to provide comparison quotes in California. If more than one company is shown, it’s a good idea that you visit as many as you can in order to find the most affordable rates.

Rates and other information

The table shown next highlights different insurance policy prices for Hyundai Sonata models. Having a better idea how rates are formulated can aid in making informed decisions when comparing rate quotes.


Hyundai Sonata Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $326 $708 $564 $34 $168 $1,800 $150
Sonata GLS 4-Dr Sedan $326 $708 $564 $34 $168 $1,800 $150
Sonata GLS 4-Dr Sedan $326 $708 $564 $34 $168 $1,800 $150
Sonata SE 4-Dr Sedan $326 $834 $564 $34 $168 $1,926 $161
Sonata SE 4-Dr Sedan $326 $834 $564 $34 $168 $1,926 $161
Sonata Limited 4-Dr Sedan $370 $834 $564 $34 $168 $1,970 $164
Sonata Limited 4-Dr Sedan $370 $834 $564 $34 $168 $1,970 $164
Get Your Own Custom Quote Go

Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Premium amounts do not factor in vehicle location which can affect prices substantially.

How high should deductibles be?

When shopping for insurance, a common question is how high should your deductibles be. The figures shown below help summarize the rate difference between high and low coverage deductibles. The first data table uses a $250 physical damage deductible and the second price chart uses a $1,000 deductible.


Hyundai Sonata insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $342 $576 $500 $30 $150 $1,623 $135
Sonata GLS 4-Dr Sedan $342 $576 $500 $30 $150 $1,623 $135
Sonata GLS 4-Dr Sedan $342 $576 $500 $30 $150 $1,623 $135
Sonata SE 4-Dr Sedan $342 $678 $500 $30 $150 $1,725 $144
Sonata SE 4-Dr Sedan $342 $678 $500 $30 $150 $1,725 $144
Sonata Limited 4-Dr Sedan $386 $678 $500 $30 $150 $1,769 $147
Sonata Limited 4-Dr Sedan $386 $678 $500 $30 $150 $1,769 $147
Get Your Own Custom Quote Go

Hyundai Sonata insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $210 $362 $500 $30 $150 $1,252 $104
Sonata GLS 4-Dr Sedan $210 $362 $500 $30 $150 $1,252 $104
Sonata GLS 4-Dr Sedan $210 $362 $500 $30 $150 $1,252 $104
Sonata SE 4-Dr Sedan $210 $426 $500 $30 $150 $1,316 $110
Sonata SE 4-Dr Sedan $210 $426 $500 $30 $150 $1,316 $110
Sonata Limited 4-Dr Sedan $238 $426 $500 $30 $150 $1,344 $112
Sonata Limited 4-Dr Sedan $238 $426 $500 $30 $150 $1,344 $112
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rates do not factor in specific location information which can impact coverage prices greatly.

We can derive from the above data that using a $250 deductible costs about $33 more each month or $396 a year averaged for all Sonata models than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go more than 23 months between claim filings, you would probably save some money by going with a higher deductible.

The example below highlights how deductible selection and can change Hyundai Sonata insurance rates for each different age category. The price estimates are based on a married male driver, full coverage, and no discounts are applied.

Male drivers compared to female drivers in Riverside

The diagram below visualizes the comparison of Hyundai Sonata insurance costs for male and female drivers. Data assumes no claims or violations, full coverage, $1,000 deductibles, single status, and no discounts are factored in.

Why do I need car insurance?

Even though it’s not necessarily cheap to insure a Hyundai in Riverside, insurance is mandatory in California but it also protects more than you think.

The benefits of carrying enough insurance more than cancel out the cost, especially if you ever need it. But the average driver in California overpays as much as $865 each year so it’s recommended you shop around at every renewal to save money.

Riverside Insurance Costs are Influenced by These Factors

Many different elements are considered when pricing auto insurance. Some of the criteria are obvious such as your driving history, but other factors are less apparent like your vehicle usage and annual miles driven. Smart consumers have a good feel for a few of the rating criteria that come into play when calculating your auto insurance rates. If you have some idea of what determines base rates, this helps enable you to make changes that will entitle you to much lower annual insurance costs.

The following are some of the most rate-impacting factors companies use to determine your premiums.

Add-on coverages that may not be needed – There are a lot of optional add-on coverages that sound like a good idea at the time if you don’t pay attention. Coverages for personal injury protection, accident forgiveness, and motor club memberships may not be needed and are just wasting money. You may think they are a good idea at first, but if they’re wasting money consider taking them off your policy.

Higher coverage deductibles reduce premiums – Comprehensive and collision coverage deductibles state the amount of money you are willing to pay if you file a covered claim. Insurance for physical damage, also called ‘full coverage’, is used to repair damage to your car. Some examples of claims that would be covered would be rear-ending another vehicle, animal collisions, and damage from wind. The more expense you choose to pay out-of-pocket, the less your auto insurance will be.

Traffic violations hurt – Drivers with clean records have lower premiums than people who have multiple driving citations. Only having one speeding ticket or other violation can boost insurance rates twenty percent or more. Drivers who get license-revoking violations such as DUI or reckless driving may be required to complete a SR-22 with their state’s licensing department in order to keep their license.

The example below shows how traffic citations and fender-benders can influence Hyundai Sonata yearly insurance costs for different age groups. The information is based on a single female driver, full coverage, $500 deductibles, and no discounts are taken into consideration.

Save miles and save money – Driving more miles in a year’s time the more it will cost to insure it. Almost all companies charge rates based on how the vehicle is used. Cars and trucks that sit idle most of the time can be on a lower rate level compared to those used for work or business. Incorrect rating for your Sonata is throwing money out the window. Double check that your policy is rated on the right rating data, because improper ratings can cost you money.

Hyundai Sonata insurance loss statistics – Auto insurance companies include the past claim trends for vehicles to determine a rate that will be profitable for them. Vehicles that the data determines to have high amounts or severity of claims will cost more for specific coverages.

The next table illustrates the collected loss data for Hyundai Sonata vehicles. For each insurance policy coverage type, the claim amount for all vehicles compiled together is considered to be 100. Numbers shown that are under 100 imply a favorable loss record, while numbers above 100 indicate frequent claims or larger claims.


Hyundai Sonata Insurance Loss Statistics
Vehicle Make and 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

Statistics from IIHS.org for 2013-2015 Model Years

Affordable car insurance rates are out there

You just learned many ideas to get a better price on Hyundai Sonata insurance in Riverside. The key thing to remember is the more companies you get premium rates for, the better likelihood of getting affordable Hyundai Sonata insurance quotes. Drivers may even discover the biggest savings come from an unexpected company. Smaller companies may often insure only within specific states and give better rates than their larger competitors like State Farm or Progressive.

As you restructure your insurance plan, don’t be tempted to skimp on critical coverages to save a buck or two. In many cases, an accident victim reduced comprehensive coverage or liability limits only to regret they didn’t purchase enough coverage. Your focus should be to purchase plenty of coverage at the best price, but do not sacrifice coverage to save money.

More information is available at the links below