If saving the most money is your goal, then the best way to get budget Hyundai Accent insurance in Laredo is to start doing a yearly price comparison from insurance carriers who provide car insurance in Texas. Rates can be compared by following these guidelines.
First, get an understanding of how insurance companies determine prices and the steps you can take to lower rates. Many rating factors that result in higher prices like accidents, traffic tickets, and a not-so-good credit history can be rectified by making minor driving habit or lifestyle changes. This article gives more details to help reduce premium rates and get discounts that may be available to you.
Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while independent agencies can give you price quotes from multiple insurance companies.
Third, compare the price quotes to the premium of your current policy and determine if cheaper Accent coverage is available in Laredo. If you find better rates and make a switch, make sure coverage is continuous and does not lapse.
Fourth, provide notification to your current company of your decision to cancel your current policy and submit a signed application and payment to the new insurer. When you receive it, keep your new certificate verifying coverage in your vehicle’s glove compartment or console.
One important bit of advice is to make sure you’re comparing the same liability limits and deductibles on each price quote and and to get rates from as many different insurance providers as possible. Doing this enables a fair rate comparison and a thorough selection of prices.
It’s a known fact that insurance companies don’t want you quoting rates from other companies. Drivers who get comparison quotes once a year are highly likely to buy a new policy because of the good chance of finding a lower-priced company. A recent car insurance study discovered that people who routinely compared quotes saved about $70 a month compared to drivers who never compared other company’s rates.
If finding the best price on Hyundai Accent insurance is the reason for your visit, then having some knowledge of how to quote and compare cheaper coverage can help you be more efficient.
Most larger insurance companies like GEICO, State Farm and Progressive provide price estimates online. This process is easy for anyone as you just type in your personal and coverage information as requested by the quote form. Upon sending the form, their rating system collects your credit score and driving record and quotes a price determined by many factors.
This streamlines rate comparisons, and it’s necessary to perform this step if you want to get a better rate.
To find out what other companies charge, compare rates from the companies below. To compare your current rates, we recommend that you enter your coverages exactly as shown on your declarations page. This helps ensure you will have a price comparison using the exact same coverages.
The companies in the list below are our best choices to provide comparison quotes in Texas. If your goal is to find cheaper auto insurance in Texas, we suggest you click on several of them to get a more complete price comparison.
Data for Hyundai Accent insurance
The premium table displayed next covers different rate quotes for Hyundai Accent models. Having a better idea how policy premiums are figured can be useful when making decisions on the best policy coverages.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accent Blue 2-Dr Hatchback||$116||$252||$340||$20||$102||$830||$69|
|Accent GS 2-Dr Hatchback||$136||$306||$340||$20||$102||$904||$75|
|Accent GLS 4-Dr Sedan||$136||$360||$452||$26||$136||$1,110||$93|
|Accent SE 2-Dr Hatchback||$156||$414||$340||$20||$102||$1,032||$86|
|Get Your Own Custom Quote Go|
Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Premium amounts do not factor in specific garaging location which can modify coverage prices noticeably.
The chart below demonstrates how deductible levels and can change Hyundai Accent premium costs for each age group. The premiums assume a single male driver, comp and collision included, and no discounts are applied.
The Hyundai Accent Insurance Premium Equation
Many things are considered when you get a price on insurance. Some of the criteria are obvious such as your driving record, but some are not as apparent such as your marital status or your vehicle rating. One of the most helpful ways to save on car insurance is to to have a grasp of the factors that help calculate your premiums. If you know what determines premiums, this enables you to make decisions that can earn you much lower annual insurance costs.
Listed below are some of the most rate-impacting factors used by insurance companies to determine rates.
Women tend to cost less – Statistics have proven that women are safer drivers than men. However, don’t assume that males are worse at driving than females. They both are in at-fault accidents in similar numbers, but the male of the species tend to have higher claims. Not only are claims higher, but men get more serious tickets like DUI and reckless driving.
The information below visualizes the comparison of Hyundai Accent insurance rates for male and female drivers. The information is based on no tickets, no at-fault accidents, full coverage, $250 deductibles, drivers are not married, and no additional discounts are factored in.
High premiums for youthful drivers – Inexperience drivers have been known to be easily distracted when at the wheel of a vehicle therefore car insurance rates are much higher. Older people are viewed as being more responsible, cause fewer claims and accidents, and are safer drivers.
The following data uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.
Obey driving laws and save – Being a careful driver influences premium rates substantially. Only having one citation could increase your next policy renewal substantially. Drivers with clean records pay less for auto insurance than people who have multiple driving citations. Drivers who have received dangerous violations like DWI, reckless driving or hit and run convictions are required to submit a SR-22 or proof of financial responsibility with their state’s licensing department in order to keep their license.
The chart below demonstrates how speeding tickets and accidents can drive up Hyundai Accent insurance premiums for different ages of insureds. The prices are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.
- Save by driving less – The more you drive your Hyundai in a year the more you’ll pay to insure it. Most companies price each vehicle’s coverage based upon how the vehicle is primarily used. Autos not used for work or commuting cost less to insure than those used for commuting. Having an incorrect usage rating on your Accent can result in significantly higher rates. Verify your declarations sheet reflects the correct usage for each vehicle, because it can save money.
- Bundle policies and save money – Most major car insurance companies will give a discount to customers who carry more than one policy, otherwise known as a multi-policy discount. The discount can be ten percent or more. Even if you already get this discount, consumers should still check prices from other companies to make sure you are getting the best deal. You may still find better rates by insuring with multiple companies.
Hyundai Accent claim statistics – Car insurance companies factor in insurance loss information when setting rates for each model. Models that tend to have high amounts or severity of claims will cost more for specific coverages. The table below shows the historical loss data for Hyundai Accent vehicles.
For each coverage type, the claim amount for all vehicles, regardless of make, model or trim level, is equal to 100. Percentage numbers below 100 suggest a positive loss record, while numbers above 100 point to more frequent losses or tendency to have larger claims.
Hyundai Accent Insurance Loss Statistics Specific Hyundai Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Hyundai Accent 98 109 89 129 129 133BETTERAVERAGEWORSE
Statistics from IIHS.org for 2013-2015 Model Years
Buying the right Hyundai vehicle insurance in Texas is an important decision
Despite the high cost of buying insurance for a Hyundai Accent in Laredo, buying car insurance may be required for several reasons.
- The majority of states have compulsory liability insurance requirements which means you are required to buy specific limits of liability insurance if you don’t want to risk a ticket. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your Accent with a loan, most lenders will make it a condition of the loan that you have physical damage coverage to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the bank may buy a policy for your Hyundai at a much higher rate and force you to pay for the expensive policy.
- Insurance safeguards both your assets and your Hyundai Accent. It will also pay for medical bills incurred in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if anyone sues you for causing an accident. If you have damage to your Hyundai as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.
The benefits of insuring your Accent definitely exceed the price paid, particularly when you have a large claim. Today the average American driver overpays as much as $810 a year so it’s very important to do a rate comparison at every policy renewal to help ensure money is not being wasted.