No sane person gets a kick out of paying for auto insurance, in particular when they could lower their rates if they shopped around.
Amazingly, a recent NerdWallet.com study showed that a large majority of drivers kept buying from the same company for four years or more, and virtually 40% of consumers have never compared auto insurance rates at all. Most drivers in Las Vegas could cut their rates by almost 35% a year just by shopping around, but they don't know the big savings they would realize if they just switched companies.
Having so many companies to choose from that have cheaper insurance for a Hyundai Santa Fe in Las Vegas, it is very difficult to locate the right insurance company.
How to shop Hyundai Santa Fe insurance online
When comparing auto insurance rates, know that making a lot of price comparisons will improve the odds of getting the best rates. Not every company allows you to get price estimates online, so you also need to get price quotes from them as well.
The companies in the list below provide price comparisons in Las Vegas, NV. If several companies are displayed, we recommend you compare several of them in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Santa Fe GLS 2WD||$178||$414||$348||$20||$104||$1,064||$89|
|Santa Fe GLS 4WD||$164||$310||$416||$24||$124||$1,038||$87|
|Santa Fe SE 2WD||$186||$366||$400||$24||$120||$1,096||$91|
|Santa Fe Limited 2WD||$144||$342||$372||$22||$112||$992||$83|
|Santa Fe SE 4WD||$228||$582||$348||$20||$104||$1,282||$107|
|Santa Fe Limited 4WD||$218||$382||$308||$18||$92||$1,018||$85|
|Get Your Own Custom Quote Go|
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Premium amounts do not factor in vehicle location which can increase or decrease rates significantly.
Hyundai Santa Fe full coverage rates compared to liability only
The example below examines Hyundai Santa Fe insurance prices with and without physical damage coverage. The price estimates are based on no claims or driving citations, $500 deductibles, single male driver, and no discounts are factored in.
Should you pay for full coverage?
There is no definitive guideline for phasing out physical damage coverage, but there is a general guideline. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then you might consider buying liability only.
For example, let's say your Hyundai Santa Fe replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $7,000 after paying your deductible. If you are currently paying more than $700 a year for your policy with full coverage, then it could be time to drop full coverage.
There are some circumstances where dropping full coverage is not financially feasible. If you still owe a portion of the original loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage.
Get discounts on Las Vegas auto insurance
Auto insurance companies don't always list all discounts very well, so the next list breaks down both well-publicized and also the more inconspicuous discounts you could be receiving when you buy Las Vegas auto insurance online.
- Military Discounts - Having an actively deployed family member could mean lower rates.
- Buy New and Save - Buying a new car model can save up to 30% because newer vehicles are generally safer.
- Discounts for Seat Belt Usage - Using a seat belt and requiring all passengers to buckle up before driving can save 10% or more on the premium charged for medical payments and/or PIP.
- Cautious Drivers - Insureds without accidents can save up to 40% or more on their Las Vegas auto insurance quote than drivers with accidents.
- Defensive Driving Course - Taking part in a course teaching defensive driver skills may get you a small discount depending on where you live.
- Auto/Life Discount - Not all auto insurance companies offer life insurance, but some may give you a discount if you purchase life insurance.
Don't be shocked that most credits do not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like comp or med pay. So even though it sounds like it's possible to get free car insurance, nobody gets a free ride. But any discount should help lower the cost of your policy.
To see auto insurance companies who offer discounts in Las Vegas, follow this link.
Insurance does more than just repair your car
Despite the high cost of buying insurance for a Hyundai Santa Fe in Las Vegas, maintaining insurance is not optional due to several reasons.
First, the majority of states have mandatory insurance requirements which means state laws require specific minimum amounts of liability protection in order to get the vehicle licensed. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your Hyundai Santa Fe has a loan, almost all lenders will have a requirement that you have insurance to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Hyundai for a lot more money and force you to pay a much higher amount than you were paying before.
Third, insurance protects your car and your assets. It will also provide coverage for medical expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, will also pay attorney fees if anyone sues you for causing an accident. If your Hyundai gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance definitely exceed the cost, particularly for liability claims. According to a 2015 survey, the average American driver is wasting up to $810 a year so smart consumers compare quotes each time the policy renews to ensure rates are inline.
How do I know if I need professional advice?
Always keep in mind that when comparing coverage online or from an agent, there is no best way to insure your cars. Each situation is unique so your insurance needs to address that. For instance, these questions might help in determining whether your personal situation would benefit from an agent's advice.
- Will my Hyundai Santa Fe be repaired with OEM or aftermarket parts?
- Do I benefit by insuring my home with the same company?
- How can I get the company to pay a claim?
- Does liability extend to a camper or trailer?
- Are my friends covered when driving my Hyundai Santa Fe?
- What does medical payments cover?
If you don't know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.
What if I want to buy from local Las Vegas insurance agents?
A small number of people still like to talk to an insurance agent and we recommend doing that An additional benefit of comparing car insurance online is you can get cheap car insurance rates but also keep your business local.
By using this form (opens in new window), the coverage information is immediately sent to local insurance agents in Las Vegas who will give competitive quotes and help you find cheaper coverage. There is no need to find an agent since price quotes are sent to your email. You can find the lowest rates without a big time investment. If you have a need to compare rates from a specific car insurance provider, don't hesitate to search and find their rate quote page and submit a quote form there.
Selecting an provider shouldn't rely on just a low price. Here are some questions you should ask.
- How does the company pay claims for a total loss?
- Can you get a list of referrals?
- Is there a local claims center in Las Vegas?
- How much experience to they have in personal lines coverages?
- How will an accident affect your rates?
- Will their companies depreciate repairs to your car based on the mileage?
- Is the agency involved in supporting local community causes?
If you need to find a reliable insurance agent, it can be helpful to understand the different agency structures and how they can quote your rates. Car insurance agents are either exclusive or independent.
Exclusive insurance agents can only place business with one company and some examples include Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot compare rates from other companies so keep that in mind. Exclusive agents receive a lot of sales training on their company's products which helps them sell insurance even at higher premiums.
The following are Las Vegas exclusive agents that can give you price quote information.
Independent Agents (or Brokers)
These agents do not sell for just one brand so they can write business through many different car insurance companies and help determine which has the cheapest rates. If your agent finds better pricing, your agent can just switch to a different company and you don't have to switch agencies.
When searching for an agent, we highly recommend that you include price quotes from a couple of independent agencies in order to compare the most rates.
Listed below are independent insurance agencies in Las Vegas who can help you get rate quotes.