Really, the only way to find low-cost prices for Hyundai Azera insurance in Dallas is to compare prices once a year from insurance carriers who sell auto insurance in Texas. You can compare rates by following these steps.
First, spend some time learning about car insurance and the measures you can control to keep rates low. Many policy risk factors that drive up the price such as careless driving and a negative credit history can be rectified by making minor driving habit or lifestyle changes. This article gives additional ideas to prevent high prices and get additional discounts that may be available.
Second, compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from one company like Progressive or State Farm, while independent agencies can provide prices from multiple insurance companies.
Third, compare the new rates to the premium of your current policy to see if cheaper Azera coverage is available in Dallas. If you find a lower rate and make a switch, ensure there is no coverage lapse between policies.
Fourth, provide proper notification to your current company of your intention to cancel the current policy. Submit a down payment along with a completed application to the newly selected company. As soon as coverage is bound, put the certificate verifying coverage with your vehicle’s registration.
A good tip to remember is to try to use similar coverage information on each quote and and to get price estimates from as many carriers as you can. Doing this guarantees the most accurate price comparison and the most accurate and complete price analysis.
Statistics show that a large majority of auto insurance policyholders in Texas have purchased from the same company for at least four years, and nearly half have never even shopped around for affordable coverage. U.S. drivers could cut their rates by 46.5% a year, but they underestimate the large savings they would see if they replace their high priced policy.
When price shopping your coverage, obtaining a wide range of quotes helps increase your odds of locating a lower rate than you’re paying now. Some smaller insurers do not give rate quotes online, so it’s important to compare price quotes from those companies as well.
The companies in the list below are our best choices to provide comparison quotes in Texas. If multiple providers are shown, we recommend you visit two to three different companies to find the lowest auto insurance rates.
Rates and data analysis
The rate table displayed next covers different prices for Hyundai Azera models. Having a better understanding of how insurance policy premiums are established is important for you to make decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Azera GLS 4-Dr Sedan | $294 | $584 | $382 | $22 | $114 | $1,396 | $116 |
| Azera Limited 4-Dr Sedan | $332 | $584 | $382 | $22 | $114 | $1,434 | $120 |
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Prices do not factor in your specific Dallas location which can modify insurance rates substantially.
The illustration below demonstrates how deductible levels and can change Hyundai Azera insurance costs for different ages of insureds. The rates are based on a single male driver, full coverage, and no discounts are taken into consideration.
Cost of full coverage
The illustration below compares Hyundai Azera auto insurance rates when comparing full coverage to state minimum liability only. The prices are based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no additional discounts are factored in.
Guidelines for dropping full coverage
There is no specific rule for dropping physical damage coverage, but there is a guideline you can use. If the annual cost of coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Hyundai Azera settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $7,000 after the deductible is paid. If premiums are more than $700 annually to have full coverage, then you may want to consider only buying liability coverage.
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 in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.
How Car Insurance Companies Determine Hyundai Azera Insurance Costs
Many factors are part of the calculation when quoting car insurance. Some are pretty understandable like your driving record, but other factors are less apparent like your vehicle usage and annual miles driven. Part of the car insurance buying process is learning some of the factors that aid in calculating your policy premiums. If you know what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you lower premium levels.
A car insurance lapse can increase premiums – Letting your insurance expire will be a sure-fire way to trigger a rate increase. Not only will you pay higher rates, getting caught without coverage will get you a hefty fine and possibly a revoked license.
Having a spouse equates to better prices – Walking down the aisle helps lower the price on your policy. Marriage usually means you are more stable financially and it’s proven that married drivers get in fewer accidents.
Urban areas may pay more – Being located in smaller towns and rural areas of the country is a good thing when shopping for auto insurance. Fewer people means reduced accidents and a lower car theft rate. Drivers who live in large Texas cities tend to have more road rage incidents and longer commute times. More time commuting means a statistically higher chance of an accident.
Eliminate unneeded extra policy coverages – There are a ton of additional coverages that you can get tricked into buying if you aren’t careful. Insurance for vanishing deductibles, accidental death, and extra life insurance coverage are probably not needed. The coverages may be enticing when deciding what coverages you need, but your needs may have changed so remove them and pocket the money.
High stress occupation may mean higher premiums – Do you have a high-stress occupation? Occupations such as military personnel, architects, and stock brokers generally have higher premium rates due to intense work situations and extremely grueling work hours. On the other hand, occupations like professors, athletes and homemakers receive lower rates.
Lower rates with a multi-policy discount – Lots of companies afford lower prices for people who carry more than one policy, otherwise known as a multi-policy discount. Even if you already get this discount, it’s in your best interest to comparison shop to help ensure you have the lowest rates. You may still find a better deal by buying insurance from more than one company.
Low credit rating equals high prices – An insured’s credit score is a large factor in determining what you pay for car insurance. If your credit history is low, you may save money insuring your Hyundai Azera by improving your rating. Drivers who have high credit scores tend to file fewer claims as compared to drivers with lower ratings.
Gender and car insurance prices – Statistics show that men are more aggressive behind the wheel. However, don’t assume that males are worse at driving than females. Males and females are in accidents at about the same rate, but males cause more damage and cost insurance companies more money. Not only that, but men also have more aggressive citations such as reckless driving.
The chart below shows the difference between Hyundai Azera insurance premiums for male and female drivers. The premiums are based on a clean driving record, no claims, comprehensive and collision coverage, $100 deductibles, drivers are not married, and no discounts are factored in.
Hyundai Azera claim probability – Insurers use claims history to help set a rate to offset losses. Models that the data shows to have higher claim frequency or loss amount will cost more for specific coverages. The table below illustrates the insurance loss data for Hyundai Azera vehicles.
For each type of coverage, the statistical loss for all vehicles averaged together is represented as 100. Numbers under 100 represent a good loss history, while values over 100 indicate higher probability of having a loss or statistically larger claims.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Hyundai Azera | 115 | 83 | 101 | 99 | 106 | 91 |
Statistics from IIHS.org for 2013-2015 Model Years
Three main reasons to buy insurance
Even though it can be expensive, insurance serves an important purpose.
- The majority of states have compulsory liability insurance requirements which means you are required to buy specific minimum amounts of liability insurance coverage if you drive a vehicle. 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 Hyundai has a loan, almost all lenders will stipulate that you have full coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the lender may have to buy a policy to insure your Hyundai for a much higher rate and force you to reimburse them for it.
- Insurance protects your car and your assets. It will also reimburse you for medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage also pays expenses related to your legal defense if you are sued as the result of an accident. If your car is damaged in a storm or accident, your insurance policy will pay to repair the damage.
The benefits of insuring your car outweigh the cost, especially with large liability claims. Despite what companies tell you, the average driver is overpaying more than $825 a year so compare rates at least once a year to make sure the price is not too high.