2001 Hyundai Sonata Insurance Cost – 6 Tips for Best Prices

Trying to find better insurance prices for a Hyundai Sonata can turn out to be an all-consuming task, but you can learn our insurance buying tips to make it easier. There are both good and bad ways to buy insurance and you need to know the quickest way to get price quotes for your Hyundai and get the lowest price either online or from local insurance agents.

Consumers need to compare rates before your policy renews due to the fact that insurance rates are rarely the same from one policy term to another. Just because you found the lowest rates on Sonata insurance six months ago the chances are good that you can find a lower rate today. Block out anything you think you know about insurance because you’re about to learn the fastest way to lower your rates without sacrificing coverage.

Compare the Market for Insurance Coverage

Finding lower insurance coverage rates is not rocket science. Just spend a little time comparing rates online from several insurance companies. This can be accomplished in several different ways.

The easiest and least time consuming way to get quotes is a comparison rater form (click to open form in new window). This easy form eliminates the need for separate forms for each company. In just a few minutes this one form compares rates from many national carriers. Just one form and you’re done.

A harder way to obtain and compare quotes online requires a trip to the website for each individual company and fill out their own quote form. For instance, we’ll pretend you want to compare rates from Progressive, GEICO and Farmers. To get each rate you have to spend time on each company’s site and enter your information, which is why the first method is more popular.

For a handy list of car insurance company links in your area, click here.

It’s your choice how you get your quotes, but make absolute certain that you use the exact same deductibles and coverage limits for each price quote. If the quotes have different limits and deductibles on each one you will not be able to determine the lowest rate for your Hyundai Sonata.

Policy discounts you shouldn’t miss

Car insurance companies don’t necessarily list all available discounts in an easy-to-find place, so the following is a list of some of the more common and the more hidden insurance savings. If they aren’t giving you every credit you deserve, you are throwing money away.

  • Homeowners Savings – Being a homeowner may trigger a insurance policy discount because maintaining a house demonstrates responsibility.
  • Distant Student – Kids in college who are attending college without a vehicle on campus may qualify for this discount.
  • Discount for Life Insurance – Some companies give better rates if you take out life insurance from them.
  • Passive Restraints and Air Bags – Cars that have air bags and/or automatic seat belt systems can get savings of more than 20%.
  • Payment Method – By paying your policy upfront instead of making monthly payments you could save 5% or more.
  • Fewer Miles Equal More Savings – Driving fewer miles can qualify you for discounted rates on garaged vehicles.

It’s important to note that most of the big mark downs will not be given to your bottom line cost. Most cut specific coverage prices like comp or med pay. So even though it sounds like you can get free auto insurance, it doesn’t quite work that way.

Companies that may have these discounts include:

It’s a good idea to ask all companies you are considering which discounts you may be entitled to. All car insurance discounts may not be available in your state.

Insurance agents can help

When buying the right insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Everyone’s situation is a little different.

These are some specific questions can aid in determining if you would benefit from professional advice.

  • Do I really need UM/UIM coverage?
  • How much liability insurance is required?
  • Is my cargo covered for damage or theft?
  • Does my policy cover me when driving someone else’s vehicle?
  • Is upholstery damage covered by car insurance?
  • When would I need rental car insurance?
  • Am I covered if I hit a deer?
  • When do I need to add a new car to my policy?
  • Do I need PIP (personal injury protection) coverage in my state?

If you can’t answer these questions, you might consider talking to an agent. If you don’t have a local agent, fill out this quick form. It is quick, free and you can get the answers you need.

Parts of your car insurance policy

Understanding the coverages of your policy can help you determine appropriate coverage and proper limits and deductibles. Car insurance terms can be ambiguous and coverage can change by endorsement.

Comprehensive insurance

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like hitting a deer, hitting a bird, falling objects and hail damage. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability insurance

Liability insurance protects you from damages or injuries you inflict on a person or their property in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 50/100/50 that means you have $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability can pay for things such as emergency aid, medical services and court costs. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

Collision coverage

This coverage pays for damage to your Sonata resulting from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like sustaining damage from a pot hole, driving through your garage door, hitting a parking meter and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Hyundai Sonata.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like funeral costs, surgery, X-ray expenses and nursing services. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage