Buying lower priced Fort Collins Hyundai Santa Fe insurance quotes can appear to be impossible for consumers who are beginners to quoting and shopping for insurance on the web. With so many insurance agents and companies competing online, how can consumers even start to compare every company in order to find the best pricing?

Insurance rates Hyundai Santa Fe in Fort CollinsRemarkably, a study showed that the vast majority of drivers have remained with the same auto insurance company for at least the last four years, and approximately 38% of consumers have never compared quotes from other companies. Consumers in the U.S. can save hundreds of dollars each year by just comparing quotes, but they don't believe how much they could save if they swap their current policy for a cheaper one.

It's a great practice to quote other rates before your policy renews because auto insurance rates change quite often. Despite the fact that you may have had the lowest rate on Hyundai Santa Fe insurance in Fort Collins two years ago there may be better deals available now. Forget anything you know (or think you know) about auto insurance because you're about to learn how to use online quotes to remove unneeded coverages and save money.

Which Hyundai Santa Fe insurance is cheapest in Fort Collins?

There are several ways of comparing rates from lots of Colorado auto insurance companies. The simplest method to lower the rate you pay for insurance is to get quotes online.

When comparison shopping, obtaining a wide range of quotes increases the chance that you will find the best rates. Some smaller insurers do not give online rate quotes, so you need to compare price quotes from those companies as well.

The providers in the list below offer comparison quotes in Colorado. If several companies are displayed, we suggest you visit two to three different companies to get the best price comparison.

Hyundai Santa Fe Insurance Rate Estimates in Fort Collins, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $226 $562 $396 $24 $118 $1,326 $111
Santa Fe GLS 4WD $246 $420 $362 $22 $108 $1,158 $97
Santa Fe SE 2WD $302 $562 $474 $28 $142 $1,508 $126
Santa Fe Limited 2WD $190 $448 $396 $24 $118 $1,176 $98
Santa Fe SE 4WD $260 $630 $396 $24 $118 $1,428 $119
Santa Fe Limited 4WD $378 $792 $474 $28 $142 $1,814 $151
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Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Information does not factor in vehicle garaging location which can increase or decrease coverage rates substantially.

Full coverage rates vs. liability-only in Fort Collins

The chart below examines Hyundai Santa Fe car insurance rates when comparing full coverage to state minimum liability only. The premiums are based on no accidents or driving violations, $100 deductibles, married male driver, and no discounts are factored in.

Should you buy full coverage or liability only?

There is no specific rule to drop physical damage insurance, but there is a general guideline. If the annual cost of having full coverage is more than 10% of the vehicle's replacement cost less your deductible, then it's probably a good time to buy liability coverage only.

For example, let's pretend your Hyundai Santa Fe replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $5,000 after you pay the deductible. If premiums are more than $500 a year for physical damage coverage, then it may be the right time to buy liability only.

There are some conditions where only buying liability is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you can't afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

How high should deductibles be?

One of the hardest decisions when shopping for auto insurance is which comprehensive and collision deductibles to buy. The rates below may aid in understanding the rate fluctuation between high and low policy deductibles. The first data set uses a $250 comprehensive and collision deductible and the second data table uses a $500 deductible.

Hyundai Santa Fe insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $236 $458 $352 $20 $106 $1,197 $100
Santa Fe GLS 4WD $272 $458 $352 $20 $106 $1,233 $103
Santa Fe SE 2WD $272 $458 $352 $20 $106 $1,233 $103
Santa Fe Limited 2WD $272 $538 $352 $20 $106 $1,313 $109
Santa Fe SE 4WD $272 $538 $352 $20 $106 $1,313 $109
Santa Fe Limited 4WD $306 $538 $352 $20 $106 $1,347 $112
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Hyundai Santa Fe insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $192 $368 $352 $20 $106 $1,038 $87
Santa Fe GLS 4WD $220 $368 $352 $20 $106 $1,066 $89
Santa Fe SE 2WD $220 $368 $352 $20 $106 $1,066 $89
Santa Fe Limited 2WD $220 $434 $352 $20 $106 $1,132 $94
Santa Fe SE 4WD $220 $434 $352 $20 $106 $1,132 $94
Santa Fe Limited 4WD $250 $434 $352 $20 $106 $1,162 $97
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Prices do not factor in specific location information which can increase or decrease coverage rates greatly.

We can estimate from the data above that using a $250 deductible will cost you roughly $14 more each month or $168 annually than opting for the higher $500 deductible. Since you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you go at least 18 months between claims, you would probably come out ahead if you choose a higher deductible. Here's a better example of how this decision is made.

Average monthly premium for $250 deductibles: $106
Average monthly premium for $500 deductibles (subtract): - $92
Monthly savings from raising deductible: $14
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

One big caveat is that a higher deductible level means you will have to pay more of your own money when you have a physical damage claim. It will be required that you have enough extra savings in the event you have to pay the deductible.

Age, gender, and Hyundai Santa Fe insurance

The chart below visualizes the comparison of Hyundai Santa Fe auto insurance rates for male and female drivers. The premiums are based on no claims or driving violations, comp and collision included, $100 deductibles, drivers are single, and no discounts are applied.

Car insurance policy discounts you can't miss

Buying car insurance is not cheap, but there could be available discounts that you may not even know about. Certain discounts will be applied at the time of quoting, but a few must be asked for before you get the savings. If you are not receiving all the discounts available, you could be paying more than you need to.Cheaper car insurance with discounts

Consumers should know that most of the big mark downs will not be given to the entire policy premium. A few only apply to the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, car insurance companies aren't that generous. But all discounts will positively reduce your policy premium.

For a list of companies that offer many of these discounts in Fort Collins, click here to view.

Compare rate quotes but buy from a local neighborhood Fort Collins car insurance agent

Some people still prefer to get professional advice from a licensed agent and that is a smart decision One of the great benefits of comparing insurance prices online is you can get cheap insurance rates and still choose a local agent. Putting coverage with small agencies is important particularly in Fort Collins.

Insurance agency in Fort CollinsBy using this form (opens in new window), the quote information is transmitted to local insurance agents in Fort Collins that give free quotes for your business. There is no need to search for any insurance agencies since price quotes are sent instantly to you. You'll get the best rates and an insurance agent to talk to. In the event you want to get a price quote from a specific company, you would need to jump over to their website and submit a quote form there.

If you are wanting to find a reputable agency, it's important to understand the different agency structures and how they are distinctly different. Agents in Fort Collins can either be independent agents or exclusive agents depending on their employer.

Independent Agents (or Brokers)

Agents in the independent channel are not employed by any specific company so as a result can place your coverage through lots of different companies depending on which coverage is best. To transfer your coverage to a different company, your agent can just switch to a different company and that require little work on your part. When comparing insurance rates, you absolutely need to get rate quotes from several independent agencies to maximize your price options. Most have the option of insuring with smaller companies which may provide better rates.

Featured below are Fort Collins independent insurance agencies that can give you price quote information.

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Exclusive Agents

Exclusive agencies can only write with one company like State Farm, Allstate, or Farmers Insurance. Exclusive agents are unable to compare rates from other companies so they really need to provide good service. They are usually well trained on their company's products which can be an advantage. Consumers often use the same exclusive agent partially due to loyalty to the company and solid financial strength.

Below are exclusive insurance agents in Fort Collins that can give you comparison quotes.

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Selecting an auto insurance agent requires more thought than just the bottom line cost. You should also get answers to these questions.

Auto insurance is unique, just like you

When quoting and comparing your policy for your vehicles, there really is not a single plan that fits everyone. Everyone's situation is unique.Auto insurance savings

For instance, these questions might help in determining if your insurance needs would benefit from professional advice.

If you're not sure about those questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Components of Your Hyundai Santa Fe Insurance Costs

One of the most helpful ways to save on insurance is to to have a grasp of some of the things that aid in calculating the price you pay for insurance. If you have some idea of what controls the rates you pay, this allows you to make good choices that can help you get lower insurance prices. Many things are part of the calculation when you quote your car insurance policy. Some are pretty understandable like a motor vehicle report, but other criteria are not quite as obvious like your continuous coverage or how safe your car is.

The itemized list below are some of the most common factors that factor into your rates.

Insurance is not optional but you don't have to overpay

Despite the fact that insurance is not cheap in Fort Collins, insurance is most likely required but also gives you several important benefits.

First, the majority of states have minimum liability requirements which means you are required to buy a specific minimum amount of liability insurance in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if you took out a loan on your Hyundai Santa Fe, most banks will make it mandatory that you buy full coverage to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the bank will be required to insure your Hyundai for a much higher rate and require you to reimburse them the higher premium.

Third, insurance protects both your Hyundai and your personal assets. It will also provide coverage for medical transport and hospital expenses for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.

The benefits of having insurance outweigh the cost, especially if you ever need it. The average driver in Colorado overpays more than $865 each year so you should quote your policy with other companies each time the policy renews to ensure rates are competitive.

Don't give up on cheap rates

As you restructure your insurance plan, you should never buy poor coverage just to save money. Too many times, an accident victim reduced liability limits or collision coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your aim should be to find the BEST coverage at the best cost, not the least amount of coverage.

In this article, we covered many tips how you can lower your Hyundai Santa Fe insurance rates in Fort Collins. It's most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the best rates are with a small local company.

More affordable insurance in Fort Collins is attainable online and also from your neighborhood Fort Collins agents, and you need to price shop both to have the best selection. There are still a few companies who may not offer rates over the internet and most of the time these small, regional companies sell through independent agents.

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