Unbelievable but true, nearly 70% of drivers have been with the same company for four years or more, and nearly 40% of drivers have never compared rates to find affordable insurance. Dallas insurance shoppers could save nearly 70% each year, but they just assume it takes a lot of time to compare rates and save money.
If saving the most money is your goal, then the best way to get more affordable Hyundai Veracruz insurance is to make a habit of comparing prices annually from insurers that sell auto insurance in Dallas.
- Spend some time learning about how your policy works and the measures you can control to prevent rate increases. Many factors that cause rate increases like accidents, traffic tickets, and a substandard credit history can be amended by making small lifestyle or driving habit changes.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from a single company like Progressive or Allstate, while independent agencies can quote prices for many different companies. Get quotes now
- Compare the price quotes to your current policy and see if there is a cheaper rate. If you can save money, make sure there is no coverage gap between policies.
- Tell your current company to cancel your current auto insurance policy and submit the required down payment along with the signed application for the new coverage. When you receive it, place the new certificate of insurance along with your vehicle registration.
The most important part of shopping around is to try to use identical coverages on every quote and and to get rate quotes from as many different insurance providers as possible. This helps ensure an accurate price comparison and the best price selection.
If you are insured now or just want cheaper coverage, you can use this information to save money without having to cut coverage. Finding the cheapest car insurance coverage in Dallas is much easier if you have a good place to start. Drivers just need to learn the quickest way to compare company rates on the web.
Where can I get cheap Dallas Hyundai Veracruz insurance?
The companies in the list below offer price comparisons in Dallas, TX. If more than one company is shown, we suggest you compare several of them to get a more complete price comparison.
Insurance statistics for a Hyundai Veracruz
The rate information below outlines estimates of insurance prices for Hyundai Veracruz models. Having insight into how insurance premiums are determined is important for you to make smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Veracruz GLS 2WD | $282 | $560 | $422 | $24 | $126 | $1,414 | $118 |
| Veracruz GLS AWD | $318 | $560 | $422 | $24 | $126 | $1,450 | $121 |
| Veracruz Limited 2WD | $318 | $660 | $422 | $24 | $126 | $1,550 | $129 |
| Veracruz Limited AWD | $318 | $660 | $422 | $24 | $126 | $1,550 | $129 |
| Get Your Own Custom Quote Go | |||||||
Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Premium amounts do not factor in specific Dallas garaging location which can change prices considerably.
Physical damage deductible comparison
When shopping for insurance, a common question is which deductibles should you choose. The following tables show how much more you’ll pay when you choose different deductibles. The first rate table uses a $250 deductible for physical damage and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Veracruz GLS 2WD | $294 | $496 | $324 | $20 | $96 | $1,255 | $105 |
| Veracruz GLS AWD | $332 | $496 | $324 | $20 | $96 | $1,293 | $108 |
| Veracruz Limited 2WD | $332 | $584 | $324 | $20 | $96 | $1,381 | $115 |
| Veracruz Limited AWD | $332 | $584 | $324 | $20 | $96 | $1,381 | $115 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Veracruz GLS 2WD | $240 | $400 | $324 | $20 | $96 | $1,080 | $90 |
| Veracruz GLS AWD | $270 | $400 | $324 | $20 | $96 | $1,110 | $93 |
| Veracruz Limited 2WD | $270 | $472 | $324 | $20 | $96 | $1,182 | $99 |
| Veracruz Limited AWD | $270 | $472 | $324 | $20 | $96 | $1,182 | $99 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Estimates do not factor in specific location information which can modify rates significantly.
We can estimate from the data above that using a $250 deductible will cost in the ballpark of $16 more each month or $192 a year than choosing the higher $500 deductible. Since the policyholder would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 16 months between claims, you would come out ahead going with the higher deductible. The illustration below shows an example of how this determination is made.
| Average monthly premium for $250 deductibles: | $111 |
| Average monthly premium for $500 deductibles (subtract): | – $95 |
| Monthly savings from raising deductible: | $16 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $16 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 16 months |
One thing to note is that higher deductibles results in more money out-of-pocket when you have a comprehensive or collision claim. It will be required that you have enough money in the bank in the event you have to pay more to get your vehicle repaired.
Hyundai Veracruz liability rates compared to full coverage
The chart below shows the difference between Hyundai Veracruz auto insurance costs with liability coverage only compared to full coverage. The price estimates are based on no violations or accidents, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
When to drop comprehensive and collision
There is no set guideline of when to stop paying for comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let’s say your Hyundai Veracruz claim settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after paying your policy deductible. If it’s costing you more than $600 annually to have full coverage, then it might be time to buy liability only.
There are a few situations where dropping physical damage coverage is not recommended. If you still have a lienholder on your title, you have to keep full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not remove full coverage.
Insurance does more than just protect your car
Even though it’s not necessarily cheap to insure a Hyundai in Dallas, insurance may be required and benefits you in several ways.
- Almost all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability coverage in order to drive the car. 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 your vehicle has a lienholder, almost all lenders will force you to have comprehensive coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank may buy a policy for your Hyundai at a much higher rate and force you to pay much more than you were paying before.
- Insurance safeguards both your Hyundai and your personal assets. It also can pay for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if you are sued as the result of your driving. If your Hyundai gets damaged, your insurance policy will cover the damage repairs after a deductible is paid.
The benefits of having insurance are definitely more than the cost, particularly if you ever have a claim. The average driver in Texas is overpaying more than $700 annually so you should quote rates each time the policy renews to make sure the price is not too high.
How to Lower Your Insurance Costs
Lots of factors are used in the calculation when you get your auto insurance bill. Most are fairly basic like your driving record, but other factors are more obscure such as your credit history or your vehicle rating.
Pay less if you’re married – Having a spouse can get you a discount compared to being single. Having a significant other may mean you are more mature and it’s statistically proven that being married results in fewer claims.
Better drivers pay the best premiums – Whether or not you get tickets impacts premiums far more than you think. Just one ticket can bump up the cost by twenty percent. Careful drivers have lower premiums compared to drivers with tickets. Drivers who get serious tickets like DUI or willful reckless driving may find that they have to to complete a SR-22 with their state’s licensing department in order to legally drive a vehicle.
The diagram below highlights how traffic violations and accidents drive up Hyundai Veracruz insurance costs for different ages of insureds. The premiums assume a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.
Age of drivers impacts rates – Young drivers in Texas tend to get distracted easily in a vehicle so they pay higher car insurance rates. Older drivers are more cautious drivers, cost insurance companies less in claims, and get fewer tickets.
The next chart uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Be proud to be claim-free – Car insurance companies in Texas provide discounts to people who do not rely on their insurance for small claims. If you’re an insured who likes to file claims you can definitely plan on higher rates. Insurance coverage is designed for major claims that would cause financial hardship.
High credit scores equal low costs – Having a bad credit score will be a significant factor in determining what you pay. People that have high credit scores tend to file fewer claims than drivers who have lower credit ratings. If your credit rating could use some work, you could pay less to insure your Hyundai Veracruz if you improve your credit rating.
When to get professional advice
Keep in mind that when it comes to choosing adequate coverage, there isn’t really a single plan that fits everyone. Your situation is unique.
For example, these questions may help highlight if you will benefit from professional help.
- What does medical payments cover?
- Which companies are cheaper for teen drivers?
- Why am I required to buy high-risk coverage?
- Is my Hyundai Veracruz covered if I use it for business?
- Does my policy pay for OEM or aftermarket parts?
- Which companies will insure high-risk drivers?
If you’re not sure about those questions but a few of them apply, you may need to chat with an agent. To find lower rates from a local agent, complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.
One last thing to lower rates
As you shop your coverage around, it’s not a good idea to buy poor coverage just to save money. In many instances, someone sacrificed collision coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy a smart amount of coverage at an affordable rate but still have enough coverage for asset protection.
Lower-priced Hyundai Veracruz insurance in Dallas is possible from both online companies in addition to many Dallas insurance agents, and you should be comparing both to have the best rate selection. Some insurance providers may not have rates over the internet and many times these smaller companies work with independent insurance agencies.
Insureds switch companies for a number of reasons such as unfair underwriting practices, an unsatisfactory settlement offer, extreme rates for teen drivers and even lack of trust in their agent. It doesn’t matter what your reason, switching auto insurance companies can be easy and end up saving you some money.
Helpful information
- State Car Insurance Guides (GEICO)
- Who Has Cheap Car Insurance Rates for Welfare Recipients in Dallas? (FAQ)
- What Car Insurance is Cheapest for a Ford Focus in Dallas? (FAQ)
- Who Has Cheap Auto Insurance for Teenagers in Dallas? (FAQ)
- Who Has Affordable Car Insurance Quotes for a Jeep Wrangler in Dallas? (FAQ)
- Airbag FAQ (iihs.org)
- Eight Auto Insurance Myths (Insurance Information Institute)
- Auto Insurance FAQ (Farmers Insurance)