Searching for the cheapest insurance for a Hyundai Sonata in Nevada could be a painful process, but you can follow a few tricks to save time. There is a right way and a wrong way to buy car insurance so we're going to tell you the absolute fastest way to price shop coverage for a new or used Hyundai and obtain the cheapest rates.
It's a great practice to take a look at other company's rates on a regular basis because car insurance prices change quite often. Even if you got the best rate on Hyundai Sonata insurance in Henderson at your last renewal there may be better deals available now. Block out anything you think you know about car insurance because I'm going to teach you the quickest way to find lower rates on car insurance.
Most of the larger companies like Progressive, Allstate and GEICO make it easy to get prices from their websites. Getting Hyundai Sonata insurance prices online doesn't take much effort as you simply enter the coverage amounts you desire as requested by the quote form. After you complete the form, their system obtains your driving and credit reports and returns a price quote based on the information you submitted.
This streamlines rate comparisons, and it's absolutely necessary to compare as many rates as possible if you are searching for a lower rate.
To find out if lower rates are available, compare rates from the companies below. If you have your current policy handy, we recommend you input the insurance coverages exactly as they are listed on your policy. This makes sure you will have an apples-to-apples comparison using the same coverage and limits.
The companies shown below can provide comparison quotes in Henderson, NV. If the list has multiple companies, we suggest you visit several of them in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sonata GLS 4-Dr Sedan||$186||$342||$334||$20||$100||$982||$82|
|Sonata GLS 4-Dr Sedan||$258||$470||$356||$22||$106||$1,212||$101|
|Sonata GLS 4-Dr Sedan||$126||$260||$394||$24||$118||$922||$77|
|Sonata SE 4-Dr Sedan||$302||$564||$456||$26||$136||$1,484||$124|
|Sonata SE 4-Dr Sedan||$204||$464||$394||$24||$118||$1,204||$100|
|Sonata Limited 4-Dr Sedan||$206||$392||$328||$20||$98||$1,044||$87|
|Sonata Limited 4-Dr Sedan||$214||$438||$422||$24||$126||$1,224||$102|
|Get Your Own Custom Quote Go|
Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nevada minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Estimates do not factor in garaging location in Henderson which can revise prices substantially.
Hyundai Sonata full coverage rates compared to liability only
The chart below shows the difference between Hyundai Sonata auto insurance costs with and without full coverage. The rate quotes are based on no accidents, no driving violations, $100 deductibles, single female driver, and no additional discounts are factored in.
Deciding between full coverage and liability only
There is no exact formula to delete physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.
For example, let's pretend your Hyundai Sonata claim settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $8,000 after paying your policy deductible. If premium cost is more than $800 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are some scenarios where buying only liability insurance is not recommended. If you still owe money on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.
Three reasons to not skimp on insurance
Despite the high cost of buying insurance for a Hyundai Sonata in Henderson, maintaining insurance serves several important purposes.
- Just about all states have minimum liability requirements which means the state requires specific limits of liability protection if you want to drive legally. 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.
- If your Sonata has a loan, almost all lenders will require you to have insurance to guarantee their interest in the vehicle. If you do not keep the policy in force, the bank may insure your Hyundai at a more expensive rate and require you to fork over much more than you were paying before.
- Insurance preserves your vehicle and your assets. It will also cover medical transport and hospital expenses that are the result of an accident. Liability coverage will also pay for a defense attorney if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.
The benefits of buying enough insurance definitely exceed the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer is overpaying over $825 a year so compare rates at least once a year to save money.
Lower Your Henderson Insurance Premiums
A large part of saving on car insurance is knowing some of the factors that help calculate your car insurance rates. When you understand what influences your rates, this helps enable you to make changes that could help you find lower premium levels. Many different elements are used when premium rates are determined. Some factors are common sense such as your driving history, although some other factors are less obvious like where you live or how financially stable you are.
Listed below are a partial list of the pieces utilized by car insurance companies to help set your rates.
Insurance is expensive for teenage drivers - Inexperience drivers are known to be more careless with other occupants in the car and because of this, their car insurance rates are much higher. Mature drivers are more responsible, cause fewer claims and accidents, and are generally more financially stable.
More performance means more cost - The type of car or truck you need insurance for makes a big difference in determining your rates. The lowest premiums are usually for smaller low performance passenger cars, but that's not the only thing that factors into the final price. Since the Hyundai Sonata is classified as a passenger car, rates will be similar in price or lower compared to average rates in Henderson.
Premiums are affected by your address - Living in a small town is a good thing when buying car insurance. Lower population translates into fewer accident claims and a lower car theft rate. Residents of big cities have to deal with more aggressive driving styles and a longer drive to work. Spending more time driving means more chance of being in an accident.
Get hitched and get cheaper rates - Having a spouse can get you a discount when shopping for car insurance. It may mean you are more responsible and insurance companies like that married drivers tend to have fewer serious accidents.
Higher coverage deductibles are cheaper - Insurance for physical damage to your car, aka comp and collision, protects your Hyundai from damage. Examples of some claims that would be covered could be running into the backend of another car, damage from fire, or theft. Physical damage deductibles tell how much you are required to spend before a claim is paid by your company. The higher the amount the insured is willing to pay, the lower your rates will be.
Hyundai Sonata insurance loss statistics - Insurers factor in historical loss data when they set coverage costs for each model. Models that the data shows to have higher claim amounts or frequency will have a higher premium rate.
The table below outlines the compiled insurance loss statistics for Hyundai Sonata vehicles. For each coverage category, the claim amount for all vehicles combined as an average is considered to be 100. Values under 100 suggest losses that are better than average, while values that are above 100 indicate a higher chance of having a claim or tendency to have larger claims.
Hyundai Sonata Insurance Loss Statistics
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Hyundai Sonata Hybrid||142||116||119||124||138||121|
Statistics from IIHS.org for 2013-2015 Model Years
Do you qualify for discounts on Hyundai Sonata insurance in Henderson?
Companies offering auto insurance don't always list all discounts in a way that's easy to find, so we researched a few of the more well known and the harder-to-find discounts that you can inquire about if you buy Henderson car insurance online.
- Defensive Driving Course - Taking a defensive driving course could earn you a small percentage discount and easily pay for the cost of the class.
- Discounts for Responsible Drivers - Accident-free drivers can get discounts for up to 45% lower rates than drivers with accident claims.
- Seat Belts Save - Drivers who always wear seat belts and also require passengers to use a seat belt could save 15% off the personal injury premium cost.
- Policy Bundle Discount - If you can combine your auto and home policy with the same insurance company you may save at least 10% off all policies.
- Student in College - Any of your kids who are enrolled in higher education away from home and don't have a car may be insured at a cheaper rate.
- Good Student Discount - Being a good student can earn a discount of 20% or more. Earning this discount can benefit you well after school through age 25.
Please keep in mind that some credits don't apply to the entire cost. The majority will only reduce specific coverage prices like collision or personal injury protection. So even though it sounds like all those discounts means the company will pay you, nobody gets a free ride.
To choose insurance companies that offer discounts in Henderson, click this link.
Can't I compare rates from local Henderson insurance agencies?
A small number of people would rather buy from a licensed agent and that is OK! Insurance agents can point out coverage gaps and help in the event of a claim. A nice benefit of getting free rate quotes online is the fact that drivers can get lower rates but also keep your business local.
Upon completion of this short form, the coverage information is immediately sent to local insurance agents in Henderson who want to provide quotes to get your business. It's much easier because you don't need to visit any agencies since price quotes are sent immediately to your email address. In the event you want to get a rate quote from one company in particular, you just need to go to their quote page and submit a quote form there.
Picking the best insurer should depend on more than just a cheap quote. Any agent in Henderson should be forthright in answering these questions:
- Can you get a list of referrals?
- Is the agency involved in supporting local community causes?
- Which companies do they recommend if they are an independent agency?
- Are there any extra charges for paying monthly?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Are claims handled at the agent's location?
- Are all drivers listed on the coverage quote?
- By raising physical damage deductibles, how much would you save?
Best auto insurance agent in Henderson
If you want to buy car insurance from a reliable agent, it helps to know the two types of insurance agents and how they can write your policy. Agents are considered either independent or exclusive depending on the company they work for. Both types of agents can write car insurance policies, but it's important to know how they are different since it may influence which type of agent you select.
Agents of this type write business for a single company and examples are Farmers Insurance, American Family, State Farm and Allstate. These agents are not able to give you multiple price quotes so you might not find the best rates. Exclusive agents are well trained on their company's products which aids in selling service over price. Some people will only choose to use a exclusive agent primarily because of the brand and solid financial strength.
The following are exclusive agents in Henderson who can help you get price quote information.
- Farmers Insurance: Ronald Fowler
2470 St Rose Pkwy Suite 315 - Henderson, NV 89074 - (702) 478-5720 - View Map
- Farmers Insurance Group: Hesselgesser Insurance Agency
229 N Pecos Rd #110 - Henderson, NV 89074 - (702) 434-1230 - View Map
- Eugene Ramos - State Farm Insurance Agent
1205 W Warm Springs Rd #107 - Henderson, NV 89014 - (702) 597-1750 - View Map
Independent Insurance Agents
Agents that choose to be independent are not restricted to one company and that enables them to quote your coverage with many different companies and find the cheapest rate. If prices rise, your policy is moved internally and you don't have to switch agencies. When comparing rates, you will want to check rates from at least one independent agent to maximize your price options. Most also have access to smaller regional carriers which could offer lower prices.
Below are independent agencies in Henderson who can help you get price quote information.
- Express Auto Insurance LLC
1371 W Warm Springs Rd - Henderson, NV 89014 - (702) 907-0000 - View Map
- Nikkol Jackson Insurance Agency
701 N Green Valley Pkwy #200 - Henderson, NV 89074 - (702) 451-9799 - View Map
- All Nevada Insurance
10624 S Eastern Ave # L - Henderson, NV 89052 - (800) 701-5909 - View Map
Quote often and quote early
When shopping online for insurance, it's a bad idea to sacrifice coverage to reduce premiums. In too many instances, an insured cut liability limits or collision coverage only to discover later they didn't have enough coverage. Your focus should be to buy a smart amount of coverage at the lowest possible cost, but do not sacrifice coverage to save money.
Drivers leave their current company for any number of reasons including high prices, questionable increases in premium, delays in paying claims and even unfair underwriting practices. No matter why you want to switch, switching companies can be less work than you think.
Cheaper insurance in Henderson can be found online in addition to local insurance agencies, and you should compare rates from both to have the best chance of lowering rates. Some companies do not provide the ability to get quotes online and usually these smaller companies sell through local independent agents.
For more information, link through to the following helpful articles:
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Who Has Affordable Nevada Car Insurance Quotes for College Graduates? (FAQ)
- Bodily Injury Coverage (Liberty Mutual)
- Things to Know Before you Cancel Insurance (Allstate)
- Comprehensive Coverage (Liberty Mutual)