Compare 2003 Hyundai Sonata Car Insurance Cost

Trying to find lower insurance coverage rates for your Hyundai Sonata? Feel like you’re a prisoner to high-priced insurance coverage? Trust us, there are many people just like you.

You have so many insurance companies to pick from, and although it’s nice to have multiple companies, having more insurers makes it harder to find the lowest cost provider.

This article will familiarize you with the best way to quote coverages and some tips to save money. If you currently have car insurance, you will be able to cut costs considerably using these methods. But car owners do need to understand the way insurance companies compete online.

Be sure to get all your discounts

The price of auto insurance can be rather high, but companies offer discounts that you may not know about. Certain discounts will be triggered automatically when you get a quote, but a few must be asked for before you will receive the discount.

  • Air Bag Discount – Vehicles with factory air bags may earn rate discounts of up to 25% or more.
  • Life Insurance Discount – Some companies give a break if you buy auto and life insurance together.
  • Anti-theft Discount – Anti-theft and alarm systems are stolen less frequently and earn discounts up to 10%.
  • Federal Government Employee – Simply working for the federal government can save as much as 8% on Sonata coverage with a few insurance companies.
  • Claim Free – Good drivers with no accidents pay much less when compared with accident-prone drivers.
  • Payment Discounts – If you pay your bill all at once rather than paying monthly you could save up to 5%.
  • Good Student – This discount can get you a discount of up to 25%. The discount lasts up to age 25.
  • Seat Belts Save – Buckling up and requiring all passengers to use their safety belts could save 15% off your PIP or medical payments premium.
  • No Charge for an Accident – A few companies permit an accident before hitting you with a surcharge if your claims history is clear for a particular time prior to the accident.
  • Paperless Signup – A few companies give back up to $50 just for signing your application over the internet.

As a disclaimer on discounts, most discount credits are not given the the whole policy. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like it’s possible to get free car insurance, it doesn’t quite work that way. But all discounts will cut your premiums.

A partial list of companies who might offer some of the above discounts may include but are not limited to:

Before buying, ask each company which discounts you may be entitled to. Some discounts might not apply in every state.

How to Buy Insurance Online

All the larger insurance companies provide coverage price quotes on the web. This process is pretty easy as you simply type in your coverage preferences into the quote form. Once entered, their system will order your driving and credit reports and returns a price quote. Being able to quote online simplifies rate comparisons, but having to visit a lot of sites and complete many quote forms can get tiresome after awhile. But it’s absolutely necessary to perform this step in order to find the lowest possible prices on insurance.

The easiest way to find better insurance pricing makes use of a single form to return rates from a bunch of companies at once. It saves time, reduces the work, and makes online price comparison much simpler. As soon as you send your information, it is quoted and you can choose any one of the resulting price quotes.

If the quotes result in lower rates, you simply finish the application and purchase the new policy. The entire process just takes a couple of minutes and could lower your rates considerably.

To use this form to compare rates, click here and fill out the form. If you have your current policy handy, we recommend you copy the coverages as close as possible to your current policy. Doing this guarantees you are getting rate quotes for exact coverage.

Parts of the Hyundai Sonata rate equation

Smart consumers have a good feel for the rating factors that help determine the rates you pay for insurance. When you know what positively or negatively determines base rates helps enable you to make changes that could result in big savings.

The following are a few of the “ingredients” that factor into premiums.

  • Don’t skimp on liability – Your policy’s liability coverage is the protection when a court rules you are at fault for causing damage or personal injury in an accident. Liability provides for a legal defense up to the limits shown on your policy. Liability insurance is quite affordable as compared to coverage for physical damage, so do not skimp.
  • Discounts for multiple policies – Many companies will award you with lower prices to policyholders who carry more than one policy, otherwise known as a multi-policy discount. Even with this discount, it’s still a good idea to compare other company rates to confirm you are receiving the best rates possible. You may still find better rates by splitting coverages up.
  • Add-on coverages can add up – There are a lot of additional coverages that you can buy if you aren’t careful. Things like vanishing deductibles, towing coverage and motor club memberships may be wasting your money. They may seem like a good idea initially, but if you don’t need them remove them from your policy.
  • Older drivers pay less – Mature drivers tend to be more responsible, tend to file fewer claims and tend to be better behind the wheel. Teenage drivers are known to be less responsible in a vehicle and because of this, their insurance rates are much higher.
  • Do you know you’re credit rating? – Credit score is a large factor in determining your rates. Therefore, if your credit is lower than you’d like, you could pay less to insure your 2003 Hyundai Sonata by improving your rating. Consumers who have excellent credit tend to be less risk to insure than those with poor credit.

How do I know if I need professional advice?

When it comes to choosing coverage for your personal vehicles, there really is no single plan that fits everyone. Every situation is different so this has to be addressed. For example, these questions may help highlight if your situation could use an agent’s help.

  • Where can I get insurance after a DUI in my state?
  • Do I need replacement cost coverage on my 2003 Hyundai Sonata?
  • How much liability coverage do I need in my state?
  • Am I missing any policy discounts?
  • Should I sign the liability waiver when renting a car?
  • Do I really need UM/UIM coverage?
  • What is PIP insurance?
  • Should I buy more coverage than the required minimum liability coverage?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.

Do insurance companies bend the truth?

Geico, State Farm and Progressive consistently run television and radio advertisements. All the companies say the same thing of big savings if you change your coverage to them. How do they all claim to save you money? It’s all in the numbers.

All companies are able to cherry pick for the right customer they prefer to insure. For example, a desirable insured could be over the age of 40, a clean driving record, and drives less than 10,000 miles a year. A driver who matches those parameters will get very good rates and most likely will save when switching.

Drivers who don’t qualify for this ideal profile must pay a higher premium which leads to the customer not buying. Company advertisements say “drivers who switch” not “people who quote” save that kind of money. That’s the way insurance companies can confidently state the savings.

This illustrates why drivers should get quotes from several different companies. It is impossible to predict the company that will provide you with the cheapest Hyundai Sonata insurance rates.

Car insurance coverage considerations

Understanding the coverages of your policy can be of help when determining the right coverages for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find the normal coverages found on most car insurance policies.

Collision coverage – Collision insurance covers damage to your Sonata from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as colliding with a tree, crashing into a building and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also bump up the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP kick in for bills like funeral costs, rehabilitation expenses, hospital visits and ambulance fees. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Comprehensive insurance – Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as hail damage, theft, a broken windshield and damage from flooding. The maximum amount your car insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability coverage – This protects you from damage or injury you incur to a person or their property by causing an accident. This insurance protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for claims like legal defense fees, attorney fees and repair costs for stationary objects. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Hyundai Sonata.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these coverages do not exceed the liability coverage limits.

A tidy conclusion

As you prepare to switch companies, it’s a bad idea to sacrifice coverage to reduce premiums. Too many times, someone sacrificed full coverage and found out when filing a claim that they should have had better coverage. The proper strategy is to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.

We’ve covered a lot of information how to reduce 2003 Hyundai Sonata insurance prices online. It’s most important to understand that the more companies you get rates for, the higher your chance of finding lower rates. Consumers may even find the lowest rates come from the smaller companies. They can often insure niche markets at a lower cost compared to the large companies like Allstate or State Farm.

Additional car insurance information can be found at these links: