It goes without saying that auto insurance companies don’t want you shop around. People who shop around at least once a year are likely to switch to a new company because they stand a good chance of getting low-cost coverage. A recent study showed that people who regularly compared price quotes saved approximately $865 annually compared to people who never shopped around for cheaper prices.
If finding low prices for car insurance in Cincinnati is the reason you’re reading this, learning how to quote prices and compare insurance can make it easier to find better rates.
The best way to get cheaper Hyundai Sonata insurance is to do a yearly price comparison from companies who can sell car insurance in Cincinnati. Prices can be compared by following these guidelines.
- First, get a basic knowledge of car insurance and the things you can control to keep rates in check. Many rating factors that result in higher prices such as traffic citations, accidents, and a less-than-favorable credit rating can be eliminated by making small lifestyle or driving habit changes. Read the full article for information to prevent high prices and get additional discounts.
- Second, request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from one company like GEICO and Allstate, while agents who are independent can provide rate quotes for a wide range of companies.
- Third, compare the new rates to your existing policy to see if a cheaper rate is available. If you can save some money, make sure coverage does not lapse between policies.
The most important part of shopping around is to try to use identical deductibles and limits on each quote and to quote with as many different insurance providers as possible. This provides a fair rate comparison and a complete price analysis.
To find the best auto insurance rates, there are several ways to compare rate quotes from many available auto insurance companies in Ohio. The simplest method to lower the rate you pay for insurance consists of shopping online.
Comparison shopping price quotes online is easy and it makes it a waste of time to spend your day driving to all the different Cincinnati insurance agencies. Comparing Hyundai Sonata insurance rates online eliminates this option unless you’re the type of person who wants the professional assistance that only an agent can give. Although, it is possible find lower rates online but have your policy serviced through an agent.
When quoting auto insurance, remember that obtaining a wide range of quotes will enable you to find a lower rate than you’re paying now.
The companies shown below have been selected to offer price comparisons in Ohio. If you wish to find the best cheap auto insurance in Cincinnati, OH, we recommend you visit several of them to find the lowest auto insurance rates.
Why you need auto insurance
Even though it can be expensive, auto insurance is required by state law in Ohio and it also provides benefits you may not be aware of.
- Just about all states have minimum mandated liability insurance limits which means you are required to buy a specific level of liability if you don’t want to risk a ticket. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your Sonata, it’s most likely the lender will make it a condition of the loan that you have comprehensive coverage to protect their interest in the vehicle. If you do not keep the policy in force, the lender may have to buy a policy to insure your Hyundai at a more expensive rate and force you to reimburse them for the expensive policy.
- Auto insurance preserves not only your car but also your financial assets. Insurance will pay for hospital and medical expenses for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if you are sued as the result of your driving. If you have damage to your Hyundai as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of buying auto insurance more than cancel out the cost, especially with large liability claims. An average driver in America overpays more than $865 each year so it’s very important to do a rate comparison at every renewal to make sure the price is not too high.
Rates and detailed analysis
The premium information displayed next showcases estimates of insurance rates for Hyundai Sonata models. Being able to understand how insurance policy rates are figured can help you make informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $106 | $182 | $262 | $16 | $78 | $644 | $54 |
| Sonata GLS 4-Dr Sedan | $106 | $182 | $262 | $16 | $78 | $644 | $54 |
| Sonata GLS 4-Dr Sedan | $106 | $182 | $262 | $16 | $78 | $644 | $54 |
| Sonata SE 4-Dr Sedan | $106 | $214 | $262 | $16 | $78 | $676 | $56 |
| Sonata SE 4-Dr Sedan | $106 | $214 | $262 | $16 | $78 | $676 | $56 |
| Sonata Limited 4-Dr Sedan | $118 | $214 | $262 | $16 | $78 | $688 | $57 |
| Sonata Limited 4-Dr Sedan | $118 | $214 | $262 | $16 | $78 | $688 | $57 |
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Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Prices do not factor in specific Cincinnati garaging location which can decrease or increase insurance rates significantly.
Reckless driving habits raise Cincinnati auto insurance rates
The chart below highlights how speeding tickets and accident claims can increase Hyundai Sonata yearly insurance costs for different age categories. The rates are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.
Difference between full coverage and liability only rates
The information below visualizes the comparison of Hyundai Sonata car insurance rates when comparing full coverage to liability only. The premium estimates are based on no accidents, no driving violations, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.
When to drop full coverage
There is no clear-cut formula of when to drop physical damage insurance, but there is a guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let’s say your Hyundai Sonata settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $5,000 after paying the physical damage deductible. If you are paying over $500 annually for full coverage, then you might consider buying liability only.
There are a few situations where buying only liability insurance is not financially feasible. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not consider dropping full coverage.
These discounts can cut Hyundai Sonata insurance rates
Car insurance companies don’t list every available discount in an easy-to-find place, so the following is a list of a few of the more common as well as the least known discounts that you may qualify for.
- New Car Discount – Insuring a new Sonata may earn a small discount since new vehicles are generally safer.
- Payment Discounts – By making one initial payment as opposed to paying monthly you can actually save on your bill.
- Smart Student Discounts – Performing well in school can save 20 to 25%. Most companies allow this discount up to age 25.
- Theft Prevention Discount – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems can help prevent theft so companies will give you a small discount.
- Claim-Free Discount – Cincinnati drivers who stay claim-free get the best insurance rates as opposed to frequent claim filers.
- Discounts for Multiple Vehicles – Buying a policy with multiple cars on one policy qualifies for this discount.
- Seat Belts Save more than Lives – Requiring all passengers to buckle their seat belts may be able to save a few bucks on medical payment and PIP coverage.
- Driver Training Discounts – Participating in a course in driver safety can save you 5% or more and easily pay for the cost of the class.
- Passive Restraint Discount – Vehicles equipped with air bags can receive discounts of up to 25% or more.
- Low Miles Discount – Low mileage vehicles could earn substantially lower insurance rates.
Don’t be surprised that most discount credits are not given to all coverage premiums. Some only apply to individual premiums such as comp or med pay. So despite the fact that it appears all the discounts add up to a free policy, nobody gets a free ride.
The example below shows the comparison of Hyundai Sonata auto insurance costs with and without policy discounts. The rate quotes are based on a male driver, no claims, a clean driving record, Ohio state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-policy, safe-driver, multi-car, and marriage discounts applied.
Companies that have some of the discounts shown above may include but are not limited to:
Double check with every company what discounts are available to you. Savings might not be offered on policies in your state. To locate insurance companies who offer cheap Hyundai Sonata insurance quotes in Ohio, click here.