Want a free price quotes on more competitive Hyundai Sonata insurance in Dallas? No car owner fancies paying their premiums for car insurance, especially knowing the cost is way too high.
It’s safe to conclude that car insurance companies want to keep you from shopping around. Insureds who compare price quotes are likely to buy a new policy because they stand a good chance of finding lower prices. A survey found that people who did price comparisons regularly saved $3,500 over four years compared to those who don’t regularly compare prices.
If finding the most affordable auto insurance is your ultimate goal, then having an understanding of how to get free comparison quotes and analyze coverages can help make the process easier and more efficient.
Big companies like State Farm, Farmers Insurance, GEICO and Allstate constantly bombard you with advertising and it is difficult to ignore the flashy ads and do the work needed to find the best deal.
Consumers should take time to get comparison quotes periodically because insurance rates change frequently. Just because you found the best premium rates on Hyundai Sonata insurance in Dallas last year there is a good chance you can find better prices now. Forget all the misinformation about car insurance because I’m going to teach you how to use online quotes to find lower rates on car insurance.
If you’re already insured, you should be able to cut your premiums using the ideas covered in this article. Locating the most cost-effective insurance policy in Dallas is really not that difficult. But Texas consumers need to have an understanding of how the larger insurance companies determine prices.
Hyundai Sonata coverage statistics
The coverage table shown below covers different insurance costs for Hyundai Sonata models. Understanding more about how premiums are established can help guide drivers when making decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $314 | $670 | $560 | $34 | $168 | $1,746 | $146 |
| Sonata GLS 4-Dr Sedan | $314 | $670 | $560 | $34 | $168 | $1,746 | $146 |
| Sonata GLS 4-Dr Sedan | $314 | $670 | $560 | $34 | $168 | $1,746 | $146 |
| Sonata SE 4-Dr Sedan | $314 | $788 | $560 | $34 | $168 | $1,864 | $155 |
| Sonata SE 4-Dr Sedan | $314 | $788 | $560 | $34 | $168 | $1,864 | $155 |
| Sonata Limited 4-Dr Sedan | $356 | $788 | $560 | $34 | $168 | $1,906 | $159 |
| Sonata Limited 4-Dr Sedan | $356 | $788 | $560 | $34 | $168 | $1,906 | $159 |
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Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Prices do not factor in specific location which can decrease or increase insurance rates significantly.
The diagram below shows how choosing a deductible and can increase or decrease Hyundai Sonata premium costs for different ages of insureds. The premiums assume a single male driver, comprehensive and collision coverage, and no policy discounts are applied.
Comparison of full coverage and liability-only policies
The information below visualizes the comparison of Hyundai Sonata auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no claims, a clean driving record, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
Should you buy full coverage or liability only?
There is no definitive formula for eliminating comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
For example, let’s pretend your Hyundai Sonata replacement cost is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after paying the physical damage deductible. If premium cost is more than $500 a year to have full coverage, then it’s probably a good time to buy liability coverage only.
There are a few situations where dropping full coverage is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not remove full coverage.
Car insurance coverage breakdown
Having a good grasp of a car insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. Listed below are the normal coverages found on most car insurance policies.
Collision – Collision insurance covers damage to your Sonata caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers claims such as damaging your car on a curb, colliding with a tree, scraping a guard rail, rolling your car and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are older. You can also increase the deductible on your Sonata to get cheaper collision coverage.
Comprehensive or Other Than Collision – This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims like theft, rock chips in glass and damage from flooding. The highest amount your car insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
Liability auto insurance – This coverage provides protection from damages or injuries you inflict on people or other property in an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 30/60/25 which means a $30,000 limit per person for injuries, $60,000 for the entire accident, and a limit of $25,000 paid for damaged property. Another option is a combined limit which combines the three limits into one amount without having the split limit caps.
Liability coverage pays for claims such as medical expenses, medical services, bail bonds and attorney fees. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible. Texas requires drivers to carry at least 30/60/25 but it’s recommended drivers buy more coverage.
The next chart shows why buying low liability limits may not be high enough to cover claims.
UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Because many people only carry the minimum required liability limits (Texas limits are 30/60/25), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently the UM/UIM limits are identical to your policy’s liability coverage.
Medical costs insurance – Coverage for medical payments and/or PIP reimburse you for bills for X-ray expenses, hospital visits, funeral costs, dental work and EMT expenses. They can be utilized in addition to your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants as well as getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
The best insurance company isn’t always the cheapest
Some insurance providers may not have the ability to get quotes online and these small, regional companies work with independent agencies. Low-cost Hyundai Sonata insurance in Dallas can be found both online as well as from insurance agents, and you need to price shop both to have the best selection.
You just learned many tips how you can find cheaper Hyundai Sonata insurance in Dallas. It’s most important to understand that the more quotes you get, the higher the chance of saving money. You may even find the best car insurance rates are with some of the lesser-known companies. These companies often have lower premium rates on specific markets than their larger competitors like GEICO and State Farm.
Steps to buying discount Hyundai Sonata insurance in Dallas
The preferred way to find low-cost prices for car insurance rates is to start doing an annual price comparison from insurers in Dallas.
- First, get a basic knowledge of how companies price auto insurance and the measures you can control to keep rates down. Many rating factors that increase rates such as speeding tickets, careless driving and a poor credit rating can be remedied by paying attention to minor details.
- Second, request price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO or Allstate, while independent agents can give you price quotes from multiple sources.
- Third, compare the quotes to your existing coverage to see if a cheaper rate is available in Dallas. If you find a lower rate quote, make sure there is no coverage gap between policies.
An essential thing to point out is to make sure you’re comparing similar coverage information on every quote and and to get rates from as many auto insurance providers as possible. This provides an apples-to-apples comparison and a thorough selection of prices.
More information can be found on the following sites:
- State Laws for Cellphones and Texting (iihs.org)
- Who Has the Cheapest Auto Insurance for College Students in Dallas? (FAQ)
- How Much is Dallas Auto Insurance for Teachers? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Retired Military in Dallas? (FAQ)
- Who Has Cheap Auto Insurance for Seniors in Dallas? (FAQ)
- Who Has Affordable Auto Insurance Rates for Teenage Females in Dallas? (FAQ)
- All About Airbag Safety (State Farm)
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- What to do at the Scene of an Accident (Insurance Information Institute)
- Drunk Driving Statistics (Insurance Information Institute)