How to Compare Laredo Hyundai Azera Insurance

Smart shoppers know that insurance companies don’t want their policyholders to compare prices. Insureds who compare rates once a year will most likely buy a new policy because of the good chance of finding lower prices. A recent survey revealed that people who compared rates regularly saved as much as $850 each year compared to policyholders who never shopped around for better prices.

If finding low prices for Hyundai Azera insurance is your target objective, then learning a little about the best ways to shop for car insurance can save time and money.

Insurance rates Hyundai Azera in LaredoIf saving money is your primary concern, then the best way to find affordable quotes for Hyundai Azera insurance in Laredo is to compare prices regularly from companies in Texas.

An important bit of advice to remember is to make sure you’re comparing the same liability limits and deductibles on every quote and and to analyze as many auto insurance providers as possible. Doing this ensures the most accurate price comparison and a thorough price selection.

Cheapest Hyundai Azera insurance quotes in Laredo, TX

When quoting insurance, remember that quoting more increases the chance that you will find a lower rate. Not every company allows you to get price estimates online, so you should also compare rates from them as well.

The companies shown below provide comparison quotes in Texas. If multiple companies are listed, it’s a good idea that you get rates from several of them to get the most competitive price.

Statistics and details

The premium information shown below showcases detailed analysis of policy rates for Hyundai Azera models. Knowing how insurance policy premiums are calculated can aid in making smart policy decisions.

Hyundai Azera Insurance Rates in Laredo, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Azera GLS 4-Dr Sedan $318 $684 $388 $24 $116 $1,530 $128
Azera Limited 4-Dr Sedan $358 $684 $388 $24 $116 $1,570 $131
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Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Table data does not factor in your specific Laredo location which can modify premiums greatly.

Higher deductibles save money

One of the hardest decisions when shopping for insurance is which deductibles should you choose. The data tables below summarize the rate differences between high and low policy deductibles. The first data table uses a $250 physical damage coverage deductible and the second pricing table uses a $1,000 deductible.

Hyundai Azera insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Azera GLS 4-Dr Sedan $294 $584 $382 $22 $114 $1,421 $118
Azera Limited 4-Dr Sedan $332 $584 $382 $22 $114 $1,459 $122
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Hyundai Azera insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Azera GLS 4-Dr Sedan $182 $368 $382 $22 $114 $1,068 $89
Azera Limited 4-Dr Sedan $206 $368 $382 $22 $114 $1,092 $91
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in specific location information which can impact coverage prices noticeably.

Based on the above data, using a $250 deductible will cost you roughly $30 more each month or $360 a year averaged for all Azera models than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 25 months between claims, you would come out ahead by selecting a higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $250 deductibles: $120
Average monthly premium for $1,000 deductibles (subtract): – $90
Monthly savings from raising deductible: $30
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

Careless Laredo drivers pay higher rates

The diagram below illustrates how violations and accident claims can increase Hyundai Azera insurance costs for each different age category. The premiums are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.

Should you buy full coverage?

The diagram below visualizes the comparison of Hyundai Azera car insurance rates with and without full coverage. The price estimates are based on no violations or claims, $100 deductibles, single marital status, and no discounts are applied.

Are you wasting money on full coverage?

There is no definitive guideline that works best for making the decision to drop comp and collision coverage, but there is a general school of thought. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let’s assume your Hyundai Azera replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $6,000 after paying your deductible. If it’s costing in excess of $600 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where dropping physical damage coverage is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.

Car insurance is not optional

Despite the fact that car insurance is not cheap in Laredo, buying car insurance is required in Texas but also provides important benefits.

The benefits of buying enough insurance more than offset the price you pay, especially for larger claims. According to a recent study, the average American driver is currently overpaying as much as $830 a year so it’s recommended you shop around every year to make sure the price is not too high.

Car insurance 101

Learning about specific coverages of auto insurance helps when choosing the best coverages for your vehicles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP provide coverage for bills for things like doctor visits, surgery and prosthetic devices. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive auto coverage

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as vandalism, a broken windshield, rock chips in glass, hitting a deer and falling objects. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits (which is 30/60/25), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally these coverages are identical to your policy’s liability coverage.

Liability car insurance

Liability insurance provides protection from damage that occurs to other’s property or people that is your fault. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 30/60/25 that translate to a $30,000 limit per person for injuries, a total of $60,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Occasionally you may see a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things like bail bonds, loss of income, medical services and medical expenses. How much liability coverage do you need? That is your choice, but you should buy as large an amount as possible. Texas requires drivers to carry at least 30/60/25 but you should consider buying better liability coverage.

The illustration below shows why buying low liability limits may not be adequate coverage.

Auto collision coverage

This will pay to fix damage to your Azera resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision insurance covers things such as crashing into a building, colliding with a tree, sustaining damage from a pot hole, damaging your car on a curb and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible on your Azera in order to get cheaper collision rates.

Texas auto insurance companies

Choosing the best auto insurance company can be difficult considering how many companies are available to choose from in Laredo. The company information displayed below can help you select which auto insurance companies to look at when shopping around.

Top 10 Laredo Car Insurance Companies by A.M. Best Rank

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. The Hartford – A+
  9. Allstate – A+
  10. Nationwide – A+