Insurance quote for Hyundai Sonata in DenverDo you get overwhelmed by the dozens of car insurance sources that you can choose from? There are such a large number of options that it can quickly become a challenge to find the best rates for Hyundai Sonata insurance in Denver. Denver is a wonderful place to live, but the high cost of car insurance can make it very difficult to meet other financial obligations.

It's hard to believe, but the vast majority of consumers renewed their policy with the same company for four years or more, and 38% of drivers have never compared rate quotes at all. Denver drivers can cut their rates by almost $600 a year by just comparing rate quotes, but they don't want to take the time to save money by comparing rate quotes.

It's a good idea to shop coverage around as often as possible due to the fact that insurance prices go up and down regularly. Just because you found the lowest price on Hyundai Sonata insurance in Denver two years ago the chances are good that you can find a lower rate today. Forget all the misinformation about car insurance because you're about to find out the right way to lower your rates without sacrificing coverage.

Hyundai Sonata Insurance Premiums Can Be Reduced

Smart consumers have a good feel for a few of the rating criteria that come into play when calculating the rates you pay for car insurance. When you understand what controls the rates you pay, this helps enable you to make changes that can earn you lower premium levels.

Traffic violations mean higher premiums - Being a careful driver influences premium rates substantially. Just one chargable violation can increase rates by as much as thirty percent. Careful drivers tend to pay less for car insurance compared to bad drivers. Drivers who have dangerous violations like DUI, reckless driving or excessive speeding might be required by their state to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to drive a vehicle legally.

Add-on coverages that aren't used - Insurance companies have many optional add-on coverages that sound like a good idea at the time on your Sonata policy. Insurance for replacement cost coverage, towing, and membership fees are some examples. The coverages may be enticing when discussing your needs, but if they're wasting money eliminate the coverages to reduce your premium.

Where you live plays a part - Living in less populated areas can save you money when it comes to car insurance. Less people living in that area means a lower chance of having an accident. People in densely populated areas tend to have more road rage incidents and longer commutes to work. Spending more time driving can result in more accidents.

Improve your credit history - An insured's credit score can be an important factor in determining what you pay for car insurance. Consumers who have very good credit scores tend to be better drivers and file fewer claims than drivers who have poor credit. Therefore, if your credit history is lower than you'd like, you could save money insuring your Hyundai Sonata by improving your rating.

Hyundai Sonata claim probability - Companies use past insurance losses to calculate a price that offsets possible losses. Models that the statistics show to have higher claim frequency or loss amount will have a higher cost to insure. The information below illustrates the compiled insurance loss statistics for Hyundai Sonata vehicles.

For each coverage type, the claim probability for all vehicles, regardless of make, model or trim level, is equal to 100. Values under 100 are indicative of better than average losses, while percentage values above 100 indicate more frequent losses or tendancy to have higher losses.

Auto Insurance Loss Data for Hyundai Sonata Models

Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Sonata 129 88 101 138 149 110
Hyundai Sonata Hybrid 142 116 119 124 138 121
BETTER
AVERAGE
WORSE

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

To find cheap rates, there are a couple of ways of comparing rate quotes from many available car insurance companies in Colorado. The easiest way to find affordable Hyundai Sonata insurance rates is to get quotes online. Just remember that comparing all the rates in your area increases the chance that you will find a better price.

The companies shown below can provide free rate quotes in Denver, CO. If multiple companies are shown, we suggest you visit two to three different companies to get a more complete price comparison.

Hyundai Sonata Insurance Costs in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $296 $628 $480 $28 $144 $1,576 $131
Sonata GLS 4-Dr Sedan $200 $340 $408 $24 $122 $1,094 $91
Sonata GLS 4-Dr Sedan $252 $368 $520 $30 $156 $1,326 $111
Sonata SE 4-Dr Sedan $310 $538 $520 $30 $156 $1,554 $130
Sonata SE 4-Dr Sedan $186 $416 $536 $32 $160 $1,330 $111
Sonata Limited 4-Dr Sedan $262 $534 $374 $22 $112 $1,304 $109
Sonata Limited 4-Dr Sedan $294 $662 $448 $26 $134 $1,564 $130
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rate quotes do not factor in your specific Denver location which can decrease or increase premiums greatly.

Annual premiums for males versus females

The illustration below compares Hyundai Sonata car insurance rates for male and female drivers. The price estimates are based on no accidents, no driving violations, full physical damage coverage, $250 deductibles, drivers are not married, and no policy discounts are applied.

Higher deductibles lower rates

One of the more difficult decisions when buying auto insurance is how high should the deductibles for physical damage be. The figures shown below can help show the rate differences when you buy lower versus higher comp and collision deductibles. The first data set uses a $250 physical damage coverage deductible and the second rate chart uses a $500 deductible.

Hyundai Sonata insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $272 $458 $396 $24 $118 $1,293 $108
Sonata GLS 4-Dr Sedan $272 $458 $396 $24 $118 $1,293 $108
Sonata GLS 4-Dr Sedan $272 $458 $396 $24 $118 $1,293 $108
Sonata SE 4-Dr Sedan $272 $538 $396 $24 $118 $1,373 $114
Sonata SE 4-Dr Sedan $272 $538 $396 $24 $118 $1,373 $114
Sonata Limited 4-Dr Sedan $306 $538 $396 $24 $118 $1,407 $117
Sonata Limited 4-Dr Sedan $306 $538 $396 $24 $118 $1,407 $117
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Hyundai Sonata insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $220 $368 $396 $24 $118 $1,126 $94
Sonata GLS 4-Dr Sedan $220 $368 $396 $24 $118 $1,126 $94
Sonata GLS 4-Dr Sedan $220 $368 $396 $24 $118 $1,126 $94
Sonata SE 4-Dr Sedan $220 $434 $396 $24 $118 $1,192 $99
Sonata SE 4-Dr Sedan $220 $434 $396 $24 $118 $1,192 $99
Sonata Limited 4-Dr Sedan $250 $434 $396 $24 $118 $1,222 $102
Sonata Limited 4-Dr Sedan $250 $434 $396 $24 $118 $1,222 $102
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Prices do not factor in specific location which can raise or lower coverage rates considerably.

We can estimate from the data above that using a $250 deductible costs roughly $14 more each month or $168 each year than choosing the higher $500 deductible. Because you would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you usually have more than 18 months between claims, you would more than likely save some money if you decide on a higher deductible.

The largest companies are not always cheapest

GEICO, State Farm and Progressive continually stream television, radio, and online ads. They all advertise claims that you can save just by moving to their company. How does each company lower your premium rates? This is the way they can do it.

Different companies have a certain "appetite" for the right customer they prefer to insure. A good example of a desirable insured could possibly be between the ages of 30 and 50, carries full coverage, and drives a vehicle with a low ISO rating. Anybody that hits that "sweet spot" receives the best rates in Denver and will cut their rates substantially.

Insureds who do not meet those standards will probably be forced to pay a higher rate which results in the customer not purchasing. If you pay close attention to the ads, they say "drivers that switch" not "all people who quote" can save as much as they claim. That's why insurance companies can state the savings. Because of these techniques, you really need to get Denver auto insurance quotes as often as possible. It's not possible to predict which insurance companies will have the lowest Hyundai Sonata insurance in Denver.

Auto insurance is not optional but you don't have to overpay

Despite the high cost, paying for auto insurance is most likely required but also gives you several important benefits.

The benefits of insuring your car greatly outweigh the cost, especially when you need to use it. An average driver in America is wasting up to $850 per year so it's recommended you shop around every year to be sure current rates are still competitive.

Car insurance rates and discounts

Properly insuring your vehicles can get expensive, but there may be some discounts that can drop the cost substantially. A few discounts will automatically apply when you purchase, but less common discounts must be asked for before you get the savings.Cheaper car insurance with discounts

Drivers should understand that some credits don't apply the the whole policy. Some only reduce the price of certain insurance coverages like comp or med pay. So even though it sounds like all those discounts means the company will pay you, you won't be that lucky.

Some companies that may offer quotes with some of the discounts shown above include:

When getting a coverage quote, ask every company to give you their best rates. A few discounts may not be offered in your state. To view insurers with discount car insurance rates in Colorado, click here.

When to contact an agent

Many people prefer to buy from a licensed agent and that is not a bad decision The best thing about comparing rates online is you may find the best rates and also buy local.

Denver insurance agentsOnce you complete this simple form, your information gets sent to agents in your area who want to provide quotes for your business. It simplifies rate comparisons since you won't have to even leave your home as quotes are delivered to your email. You can find better rates and a licensed agent to talk to. If you wish to get a rate quote from a specific insurance company, you would need to find their quoting web page and submit a quote form there.

Selecting an company requires you to look at more than just a low price. The questions below may impact your decision as well.

If you are wanting to purchase car insurance from a reliable insurance agency, you should know the different types of agencies and how they are distinctly different. Car insurance agents may be either independent (non-exclusive) or exclusive.

Exclusive Car Insurance Agencies

Exclusive insurance agents have only one company to place business with such as AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents are unable to shop your coverage around so they have no alternatives for high prices. Exclusive agencies receive extensive training on what they offer which aids in selling service over price. Some people will only buy insurance from these agents primarily because of loyalty to the company rather than low price.

Shown below is a short list of exclusive agents in Denver willing to provide rate quotes.

View more Denver agents

Independent Agents

Agents of this type are appointed with more than one company so as a result can place your coverage with lots of companies and possibly get better coverage at lower prices. If they find a cheaper price, an independent agent can move your coverage and you won't have to switch agencies. If you are comparing rate quotes, it's a good idea to compare prices from at least one independent agent for maximum quote selection. Most independent agents also contract with companies you've never heard of which may provide better rates.

Listed below are Denver independent insurance agencies that can give you comparison quotes.

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Once you have acceptable answers to any questions you have and a good coverage price, you have narrowed it down to a car insurance agent that can service your policy. It's important to know that you can always cancel your coverage whenever you wish so don't feel that you are obligated to any specific company for any length of time.

Lower rates by being persistent

People change insurance companies for any number of reasons including delays in paying claims, an unsatisfactory settlement offer, lack of trust in their agent or even questionable increases in premium. No matter why you want to switch, switching car insurance companies can be easy and end up saving you some money.

We've covered quite a bit of information on how to shop for Hyundai Sonata insurance online. The most important thing to understand is the more companies you get premium rates for, the higher the chance of saving money. Consumers could even find that the most savings is with the least-expected company.

When trying to cut insurance costs, never sacrifice coverage to reduce premiums. In many instances, an insured cut liability coverage limits and learned later they didn't purchase enough coverage. Your objective should be to purchase plenty of coverage for the lowest cost, but don't skip important coverages to save money.

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