Compare 2017 Hyundai Santa Fe Car Insurance Rates

Trying to come up with a payment for pricey auto insurance can eat up your family’s budget and maybe even restrict other spending. Doing a rate analysis can lower your rates and help to tighten up your finances.

People have many auto insurance companies to buy insurance from, and even though it’s nice to have multiple companies, it can be more challenging to compare rates.

Get cheap rates by taking advantage of discounts

Insurance is neither fun to buy or cheap, but there may be some discounts that you may not even know about. A few discounts will automatically apply when you purchase, but less common discounts must be requested specifically prior to receiving the credit.

  • Discount for New Cars – Insuring a vehicle that is new may earn a small discount because new model year vehicles keep occupants safer.
  • Online Discount – Some of the larger companies may give you up to $50 simply for signing online.
  • Braking Control Discount – Cars and trucks that have anti-lock braking systems prevent accidents so companies give up to a 10% discount.
  • Life Insurance – Some companies give a lower price if you buy a life policy as well.
  • Membership in Organizations – Affiliation with a professional or civic organization could trigger savings on your bill.
  • Safety Course Discount – Completing a course in defensive driving is a good idea and can lower rates and easily recoup the cost of the course.
  • No Accidents – Claim-free drivers get the best insurance rates as compared to bad drivers.
  • Cautious Driver Discount – Insureds who avoid accidents can pay as much as 50% less on Santa Fe insurance than drivers with accidents.
  • Discount for Swiching Early – Some larger companies give discounts for buying a new policy before your current expiration date. You can save around 10% with this discount.
  • Fewer Miles Equal More Savings – Low annual miles could earn lower prices due to less chance of an accident.

Don’t be surprised that most credits do not apply to all coverage premiums. Most cut specific coverage prices like liability, collision or medical payments. Just because you may think you could get a free insurance policy, insurance companies wouldn’t stay in business.

The best insurance companies and some of the premium reductions they offer are detailed below.

  • AAA has savings for education and occupation, pay-in-full, good driver, anti-theft, and AAA membership discount.
  • Progressive offers discounts including good student, homeowner, online quote discount, multi-policy, multi-vehicle, continuous coverage, and online signing.
  • State Farm includes discounts for multiple policy, defensive driving training, good student, good driver, and safe vehicle.
  • Esurance offers premium reductions for claim free, safety device, multi-car, online shopper, Switch & Save, and renters.
  • Nationwide offers discounts for family plan, multi-policy, defensive driving, accident-free, business or organization, Farm Bureau membership, and easy pay.

If you are trying to find low cost insurance quotes, ask each insurance company what discounts are available to you. A few discounts might not be available to policyholders in your area.

How car insurance companies calculate Hyundai Santa Fe insurance prices

A large part of saving on insurance is knowing some of the factors that help calculate insurance rates. If you know what controls the rates you pay, this empowers consumers to make smart changes that could help you find much lower annual insurance costs.

The items below are some of the factors used by companies to determine premiums.

  • Frequent claims increase premiums – If you’re an insured who likes to file claims you can look forward to either higher rates or even cancellation. Car insurance companies generally give cheaper rates to insureds who are claim-free. Auto insurance is intended for claims that pose a financial burden.
  • Advanced alarm systems – Driving a car that has a built-in theft deterrent system can save you some money. Anti-theft features like OnStar, LoJack tracking, and tamper alarms can thwart auto theft.
  • See if your company offers a multi-policy discount – The majority of insurers will give discounts to customers that buy multiple policies, otherwise known as a multi-policy discount. Even though this discount sounds good, drivers will still want to shop around to confirm you are receiving the best rates possible. You may still be able to save even more than the discount by buying from different companies
  • How much liability insurance – The liability coverage on your policy is the coverage that protects you when a court rules you are at fault for causing personal injury or damage in an accident. Your policy’s liability insurance provides for a legal defense which can cost thousands of dollars. It is affordable coverage when compared with rates for comp and collision, so drivers should carry high limits.
  • Higher physical damage deductibles lower premiums – Comp and collision deductibles state the amount of money you are required to spend if a covered claim is submitted. Physical damage coverage, also known as collision and other-than-collision, protects your car from damage. Some examples of covered claims are colliding with a stationary object, damage caused by hail, and having a roll-over accident. The larger the amount you’re willing to pay, the better rate you will receive on Santa Fe insurance.
  • Credit rating impacts premium premiums – Your credit score will be a significant factor in your rate calculation. Drivers who have very high credit ratings tend to be more responsible than drivers with bad credit. So if your credit score is not that good, you may save money insuring your 2017 Hyundai Santa Fe by improving your rating.

How much auto insurance do I need?

When it comes to choosing proper insurance coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different so your insurance should reflect that For instance, these questions might point out if your situation might need professional guidance.

  • How does medical payments coverage work?
  • When should I drop full coverage on my 2017 Hyundai Santa Fe?
  • Do I need PIP (personal injury protection) coverage in my state?
  • What is roadside assistance coverage?
  • What is no-fault insurance?
  • Should I get collision insurance on every vehicle?
  • Can I still get insurance after a DUI?
  • Does insurance cover tools stolen from my truck?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area.

Slick advertising tricks that work

Popular car insurance providers such as Progressive, Allstate and Geico regularly use television and radio advertisements. They all state the claim that drivers will save a bundle if you get a free insurance quote and switch your policy. Is it even possible that every company can offer drivers better rates? You have to listen carefully.

Companies have an ideal profile for the right customer that will most likely be profitable. An example of a profitable insured may need to be over the age of 35, owns their home, and drives less than 5,000 miles a year. A driver that matches those criteria gets the lowest premium rates and is almost guaranteed to cut their rates if they switch.

Consumers who are not a match for these criteria may be forced to pay a higher rate and this results in the customer buying from a different company. The ads state “people who switch” but not “everyone who gets a quote” save the amount stated. That is how companies can make claims that they all have the best rates.

Because every company is different, you need to compare price quotes frequently. You cannot predict with any certainty which company will have the best prices for your profile.

Coverages available on your policy

Learning about specific coverages of car insurance can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Shown next are the normal coverages found on the average car insurance policy.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as chiropractic care, rehabilitation expenses, doctor visits and EMT expenses. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Liability

Liability insurance can cover damage that occurs to other’s property or people in an accident. It protects you from legal claims by others. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 100/300/100 which means a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as emergency aid, court costs and loss of income. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.

Comprehensive coverage

This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like vandalism, hitting a bird and damage from getting keyed. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Hyundai Santa Fe.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Collision coverage

Collision insurance covers damage to your Santa Fe resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as backing into a parked car, hitting a mailbox and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also raise the deductible to bring the cost down.

Quote more, save more

When you buy insurance online, make sure you don’t buy less coverage just to save a little money. There are many occasions where an insured dropped liability limits or collision coverage and learned later that the savings was not a smart move. Your objective should be to get the best coverage possible at the best price while not skimping on critical coverages.

We just presented many tips how you can shop for 2017 Hyundai Santa Fe insurance online. The key thing to remember is the more quotes you get, the better chance you’ll have of finding low cost insurance. Drivers may discover the lowest prices are with a lesser-known regional company. Smaller companies often have lower rates on specific markets as compared to the big name companies such as State Farm and Allstate.

Additional auto insurance information can be read at the links below