Want to learn how to buy low-cost Hyundai Sonata insurance in Norfolk? Trying to come up with a payment for high-priced auto insurance can dry up your monthly budget and force you to tighten up your finances. Comparing price quotes can save money and help to lower your bills every month.
A recent auto insurance study revealed that the vast majority of drivers renewed their policy with the same company for well over three years, and roughly 40% of drivers have never shopped around. Norfolk drivers can cut their rates by as much as $548 a year just by getting comparison quotes, but they just don't want to compare rates and save money. Big companies like Allstate, Progressive and GEICO increase brand awareness with ad campaigns and it can be hard to not get sucked in by the cute commercials and find the best price available.
Best companies for Hyundai Sonata insurance
The companies in the list below provide price quotes in Virginia. If the list has multiple companies, it's highly recommended you visit two to three different companies in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sonata GLS 4-Dr Sedan||$158||$310||$352||$20||$106||$946||$79|
|Sonata GLS 4-Dr Sedan||$190||$392||$306||$18||$92||$998||$83|
|Sonata GLS 4-Dr Sedan||$96||$180||$280||$16||$84||$656||$55|
|Sonata SE 4-Dr Sedan||$194||$454||$352||$20||$106||$1,126||$94|
|Sonata SE 4-Dr Sedan||$190||$446||$378||$22||$114||$1,150||$96|
|Sonata Limited 4-Dr Sedan||$176||$312||$296||$18||$88||$890||$74|
|Sonata Limited 4-Dr Sedan||$220||$454||$352||$20||$106||$1,152||$96|
|Get Your Own Custom Quote Go|
Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Information does not factor in specific Norfolk garaging location which can impact rates greatly.
Annual premiums for males versus females in Norfolk
The diagram below visualizes the comparison of Hyundai Sonata insurance costs for male and female drivers. The premium estimates are based on no accidents or driving violations, comprehensive and collision coverage, $250 deductibles, drivers are single, and no policy discounts are applied.
Difference between liability only and full coverage rates
The diagram below examines Hyundai Sonata insurance prices with full physical damage coverage and with liability coverage only. Data assumes no violations or claims, $500 deductibles, single female driver, and no discounts are factored in.
When to eliminate full coverage
There is no definitive formula of when to phase out comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than around 10% of the settlement you would receive from your company, then you might consider buying liability only.
For example, let's assume your Hyundai Sonata replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $7,000 after paying your policy deductible. If you are currently paying more than $700 annually for full coverage, then it's probably a good time to buy liability coverage only.
There are some situations where dropping physical damage coverage is not financially feasible. If you haven't satisfied your loan, you have to keep full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.
Auto insurance deductibles
The illustration below demonstrates how choosing different deductibles and can change Hyundai Sonata insurance rates for each age group. The prices are based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.
Lower Your Norfolk Insurance Prices
Multiple criteria are part of the equation when pricing auto insurance. Most are fairly basic like an MVR report, but others are more obscure like where you live or your vehicle rating.
Careless driving leads to higher prices - Having a single speeding ticket may cause rates to rise forty percent or more. Attentive drivers receive lower rates than bad drivers. Drivers who get severe citations such as reckless driving or DUI may be required to submit a SR-22 form with the DMV in their state in order to keep their license.
Auto insurance policy lapses increase premiums - Having a gap between insurance policy dates can be a quick way to increase your renewal premiums. And not only will insurance be more expensive, being ticketed for driving with no insurance may earn you a steep fine or even jail time.
Don't buy extra policy coverages you don't use - There are quite a few additional extra coverages that may not really be needed if you aren't careful. Things like roadside assistance, death and dismemberment, and membership fees are examples of these. You may think they are a good idea when discussing your needs, but if you've never needed them in the past get rid of them and save.
Raise your physical damage deductibles for better premiums - The deductibles you choose tell how much 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 could be a windshield broken by a bird, collision with a deer, and damage caused by road hazards. The larger the amount you pay before a claim is paid (deductible), the bigger discount you will receive.
Insure your auto and home with one company - Most larger insurers apply lower prices to insureds that purchase more than one policy such as combining an auto and homeowners policy. Discounts can amount to ten or even up to twenty percent in some cases. Even though this discount sounds good, it's still a good idea to check prices from other companies to guarantee you are still saving the most. It's possible to still save even more than the discount by buying insurance from more than one company.
Deter theft and save money - Driving a car with advanced anti-theft systems can get you a discount on your auto insurance. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all help prevent your car from being stolen.
Hyundai Sonata insurance loss data - Car insurance companies include the past claim trends for vehicles when setting rates for each model. Models that have higher prevalence or dollar amount of losses will have a higher cost to insure.
The information below illustrates the insurance loss data used by companies for Hyundai Sonata vehicles. For each coverage category, the claim amount for all vehicles, as an average, equals 100. Numbers under 100 suggest a better than average loss history, while numbers shown that are more than 100 show a trend for more claims or tendency to have larger claims.
Car Insurance Loss Data for Hyundai Sonata Models
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Hyundai Sonata Hybrid||142||116||119||124||138||121|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Slash rates with these discounts
Some providers don't always list every discount they offer in an easy-to-find place, so we took the time to find a few of the more common in addition to some of the lesser obvious discounts that you may qualify for.
- Driving Data Discount - Drivers who elect to allow data collection to analyze driving patterns by using a telematics device such as Snapshot from Progressive or Drivewise from Allstate may get a rate reduction if they exhibit good driving behavior.
- Accident Forgiveness Coverage - Not really a discount, but some companies like GEICO and Liberty Mutual will forgive one accident before your rates go up with the catch being you have to be claim-free prior to being involved in the accident.
- Lower Rates for Military - Having a family member in the military can result in better premium rates.
- Driver's Ed - It's a good idea to have your young drivers complete a driver education course in school or through a local driver safety program.
- ABS Brakes - Vehicles with ABS braking systems or traction control can stop better under adverse conditions and will save you 10% or more on Sonata insurance in Norfolk.
- Club Memberships - Being in a professional or civic organization is a simple method to lower premiums on your next auto insurance statement.
You should keep in mind that most of the big mark downs will not be given to all coverage premiums. The majority will only reduce specific coverage prices like collision or personal injury protection. Despite the appearance that you could get a free auto insurance policy, auto insurance companies aren't that generous.
Larger auto insurance companies and a partial list of their discounts are shown below.
- Farm Bureau has discounts for multi-vehicle, safe driver, youthful driver, good student, and 55 and retired.
- MetLife has savings for multi-policy, defensive driver, good student, claim-free, and accident-free.
- Progressive discounts include continuous coverage, online quote discount, good student, multi-policy, online signing, and multi-vehicle.
- AAA may include discounts for good driver, good student, pay-in-full, multi-policy, and education and occupation.
- American Family offers premium reductions for multi-vehicle, mySafetyValet, air bags, accident-free, and good student.
- GEICO offers discounts including emergency military deployment, membership and employees, daytime running lights, multi-policy, and good student.
- State Farm policyholders can earn discounts including safe vehicle, Drive Safe & Save, multiple policy, multiple autos, and anti-theft.
Before purchasing a policy, check with each company or agent which credits you are entitled to. Discounts may not apply to policies in Norfolk. If you would like to see a list of insurance companies that can offer you the previously mentioned discounts in Norfolk, click this link.
Getting quotes from local Norfolk insurance agents
Many drivers just want to get professional advice from a licensed agent and that is not a bad decision Professional agents are very good at helping people manage risk and will help you if you have claims. A good thing about price shopping on the web is you can get cheap rate quotes and still buy from a local agent.
Once you complete this simple form, your coverage information is transmitted to agents in your area that provide free Norfolk auto insurance quotes for your insurance coverage. There is no need to do any legwork because quoted prices will be sent immediately to your email address. If for some reason you want to get a rate quote from a specific insurance provider, you just need to jump over to their website and fill out the quote form the provide.
Picking the best provider is decision based upon more than just a cheap price. Here are some questions you should ask.
- Does the company use OEM repair parts?
- Is there any savings for paying the full premium?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Which insurance companies are they affiliated with?
- What company do they have the most business with?
If you want a reliable insurance agent, it helps to know the two types of insurance agents and how they differ in how they can insure your vehicles. Insurance agents in Norfolk can be categorized as either independent (non-exclusive) or exclusive. Both types of agents can insure your vehicles, but it's worth mentioning how they differ since it can impact the selection process.
Exclusive Insurance Agencies
Agents of this type can only provide pricing for a single company such as AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents are unable to shop your coverage around so you need to shop around if the rates are high. These agents are usually well trained on their products and sales techniques which helps offset the inability to provide other markets.
Below are Norfolk exclusive agents who can help you get rate quotes.
Independent Insurance Agencies
Agents in the independent channel are not employed by one company so they have the ability to put coverage with multiple insurance companies and find the cheapest rate. If you are not satisfied with one company, they simply move your policy to a different company and that require little work on your part.
When comparing rate quotes, it's a good idea to include at least one independent agent so that you can do a thorough price comparison.
The following are Norfolk independent insurance agents who can help you get rate quotes.
The ad said I'd save $475 a year!
Consumers in Virginia can't ignore all the ads that claim the lowest rates from companies such as Progressive, GEICO, Allstate and State Farm. They all advertise the message about how much you will save if you move your auto insurance coverage to their company.
Is it even possible that every company can charge you less for car insurance? This is how they do it.
Auto insurance companies have an ideal profile for the type of insured that is profitable for them. One example of a desirable risk may be over the age of 35, owns a home, and does not commute to work. A propective insured who matches those parameters receives the best prices in Norfolk and will most likely save a lot of money.
Consumers who do not meet these stringent criteria will get higher premium rates which results in the driver buying from a lower-cost company. The wording the ads use say "drivers that switch" not "everyone who quotes" save the amount stated. This is how companies can truthfully advertise the way they do. This emphasizes why it is so important to compare rate quotes every year. Because you cannot predict with any certainty which company will provide the lowest Hyundai Sonata insurance in Norfolk.
Compare. Compare. Compare.
As you prepare to switch companies, it's not a good idea to skimp on coverage in order to save money. There have been many situations where an accident victim reduced liability limits or collision coverage only to regret at claim time they didn't have enough coverage. The ultimate goal is to get the best coverage possible at the best cost but still have enough coverage for asset protection.
Low-cost Hyundai Sonata insurance in Norfolk can be found on the web and with local Norfolk insurance agents, and you should compare price quotes from both to get a complete price analysis. There are still a few companies who do not offer rate quotes online and many times these smaller companies only sell through independent agents.
You just learned a lot of techniques to shop for Hyundai Sonata insurance online. It's most important to understand that the more price quotes you have, the better your comparison will be. Consumers may even find the biggest savings come from an unexpected company. Smaller companies may only write in your state and offer lower premium rates than their larger competitors like Allstate and Progressive.
- Learn About Car Insurance (GEICO)
- What Auto Insurance is Cheapest in Alexandria, Virginia? (FAQ)
- How Much are Car Insurance Rates for 17 Year Olds in Virginia? (FAQ)
- State Laws for Cellphones and Texting (iihs.org)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)