2007 Hyundai Santa Fe Insurance Rates

Feel like you’re a prisoner to an overpriced car insurance policy? Trust us when we tell you there are lots of people in the same boat. Popular companies such as Allstate and Progressive continually bombard you with fancy advertisements and it can be hard to separate fact from fiction and take the time to shop coverage around.

Smart consumers take time to shop coverage around once or twice a year since rates tend to go up over time. Even if you think you had the lowest price on Santa Fe insurance last year other companies may now be cheaper. Ignore everything you know about car insurance because I’m going to let you in on the secrets to the quickest way to properly buy coverages while reducing your premium.

If you have a current insurance coverage policy or are looking for a new policy, you can use these techniques to reduce the price you pay while maximizing coverage. Finding the best rates is quite easy. Drivers only need an understanding of the proper way to get comparison rates over the internet.

Factors influencing Hyundai Santa Fe insurance rates

It’s important that you understand the rating factors that help determine your car insurance rates. Understanding what controls the rates you pay enables informed choices that could result in better car insurance rates.

  • Better crash test results mean better rates – Vehicles with good safety scores tend to have better insurance rates. These vehicles protect occupants better and any reduction in injury severity translates into fewer and smaller insurance claims and thus lower rates. If your Hyundai Santa Fe earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Your location is important – Choosing to live in a small town is a positive aspect when talking about car insurance. Urban drivers have to deal with more traffic problems and a longer drive to work. Lower population means fewer accidents.
  • Do you qualify for a multi-policy discount? – The majority of insurers provide better rates to insureds who carry more than one policy in the form of a multi-policy discount. Even if you’re getting this discount you may still want to comparison shop to verify if the discount is saving money.
  • High deductibles save money – The deductibles represent how much money you are required to spend before a claim is paid by your company. Physical damage insurance, also known as collision and other-than-collision, covers damage that occurs to your car. Some instances where coverage would apply would be colliding with a building, damage caused by hail, or theft. The more you are required to pay out-of-pocket, the lower your rates will be on Santa Fe insurance.

These discounts can lower your rates

Auto insurance companies do not list every available discount in an easy-to-find place, so the following is a list of both well-publicized and the more hidden discounts you could be receiving. If they aren’t giving you every credit available, you are paying more than you should be.

  • Employee of Federal Government – Being employed by or retired from a federal job may qualify you for a discount on Santa Fe insurance with a few insurance coverage companies.
  • Payment Discounts – By paying your policy upfront rather than paying monthly you could save 5% or more.
  • Sign Early and Save – A few companies offer discounts for signing up prior to your current policy expiring. It can save you around 10%.
  • Passive Restraint Discount – Vehicles with factory air bags or automatic seat belts may earn rate discounts of more than 20%.
  • Senior Citizens – Mature drivers may qualify for a small decrease in premiums on Santa Fe insurance.
  • Driver’s Ed – Require your teen driver to successfully complete driver’s ed class in high school.
  • Discount for Good Grades – Getting good grades can get you a discount of up to 25%. The discount lasts well after school through age 25.
  • Auto/Life Discount – Some companies give a discount if you purchase life insurance.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes can avoid accidents and therefore earn up to a 10% discount.
  • Multi-policy Discount – When you combine your home and auto insurance with one insurance company you may earn up to 20% off your total premium.

Drivers should understand that most credits do not apply to the entire cost. Most cut the price of certain insurance coverages like comprehensive or collision. So when it seems like you can get free auto insurance, companies wouldn’t make money that way.

To see a list of insurers who offer insurance coverage discounts, follow this link.

Advertising myths

Consumers get pounded daily by advertisements that promise big savings by companies like 21st Century, Allstate and State Farm. All the companies have a common claim about savings if you move to them.

How do they all make the same claim?

All companies are able to cherry pick for the type of driver that makes them money. For example, a preferred risk might be profiled as over the age of 40, is a homeowner, and has a short commute. A customer getting a price quote that hits that “sweet spot” will get very good rates and as a result will probably save a lot of money.

Potential customers who don’t qualify for the “perfect” profile must pay higher premiums which leads to business going elsewhere. Company advertisements say “people who switch” but not “drivers who get quotes” save that much. This is how companies can state the savings. This illustrates why it’s extremely important to get a wide range of price quotes. You cannot predict which insurance companies will fit your personal profile best.

Different people need different coverages

When buying the best insurance coverage coverage for your personal vehicles, there really is no cookie cutter policy. Each situation is unique so your insurance should reflect that For example, these questions can aid in determining if your situation may require specific advice.

  • Do I benefit by insuring my home with the same company?
  • Can I make deliveries for my home business?
  • Am I missing any policy discounts?
  • How much liability insurance is required?
  • What can I do if my company denied a claim?
  • Why does it cost so much to insure a teen driver?
  • Does having multiple vehicles earn me a discount?
  • When can my company non-renew my policy?
  • Is my 2007 Hyundai Santa Fe covered for smoke damage?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Car insurance 101

Having a good grasp of insurance can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types found on most insurance policies.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP reimburse you for bills like surgery, pain medications, chiropractic care, prosthetic devices and dental work. The coverages can be utilized in addition to your health insurance plan or if there is no health insurance coverage. They cover you and your occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverage

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as driving through your garage door, rolling your car, damaging your car on a curb, sustaining damage from a pot hole and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Liability insurance

Liability insurance can cover injuries or damage you cause to other’s property or people that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage pays for claims such as attorney fees, structural damage, emergency aid and medical expenses. How much liability should you purchase? That is a decision to put some thought into, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Hyundai Santa Fe.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Comprehensive coverage

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from flooding, hitting a bird, fire damage and a tree branch falling on your vehicle. The maximum payout 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.

Cheaper insurance is a realistic goal

We just presented many ways to compare 2007 Hyundai Santa Fe insurance prices online. The most important thing to understand is the more rate quotes you have, the better likelihood of reducing your rate. You may even find the lowest priced auto insurance comes from a small local company. These companies may cover specific market segments cheaper than their larger competitors like State Farm or Progressive.

As you go through the steps to switch your coverage, make sure you don’t sacrifice coverage to reduce premiums. In too many instances, someone dropped liability limits or collision coverage only to regret at claim time that they should have had better coverage. The proper strategy is to find the BEST coverage at the best price, not the least amount of coverage.

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