2013 Hyundai Genesis Insurance Rates – 8 Tips to Save

Feel like you’re a prisoner to an overpriced insurance coverage policy? Trust us, you are not the only one feeling buyer’s remorse.

Drivers have multiple car insurance companies to pick from, and although it’s nice to have multiple companies, too many choices makes it more difficult to compare rates.

Smart consumers take time to get comparison quotes before your policy renews because insurance rates are variable and change quite frequently. If you had the lowest rates on Genesis coverage two years ago there may be better deals available now. Starting right now, forget all the misinformation about insurance coverage because it’s time to teach you the fastest way to remove unneeded coverages and save money.

This article will instruct you on how to get online quotes and some tricks to saving. If you are paying for car insurance now, you will most likely be able to reduce your rates substantially using these methods. Although drivers do need to understand how the larger insurance companies compete online and use this information to your advantage.

How to Compare Auto Insurance Costs

To find the best auto insurance prices, there are several ways of comparing rates from auto insurance companies in your area. One of the best ways to find the cheapest 2013 Hyundai Genesis insurance rates is simply to get online rate quotes. It is quite easy and can be accomplished in just a few minutes using one of these methods.

The best way consumers can analyze rates is an all-inclusive rate comparison (click to open form in new window). This easy form keeps you from doing boring form submissions to each individual auto insurance company. A single, simple form gets rate comparisons from auto insurance companies with the best prices.

A slightly less efficient method to get comparison quotes is spending the time to visit each company’s website to complete their respective quote request forms. For sake of this example, let’s assume you want to compare USAA, Allstate and American Family. To get each rate you have to take the time to go to each site to enter your coverage information, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.

It’s your choice how you get your quotes, but compare apples-to-apples deductibles and coverage limits for each price quote. If each company quotes different limits and deductibles on each one it’s not possible to truly determine the lowest rate. Just a small difference in limits could mean much higher rates. Just remember that having more price comparisons will enable you to find better pricing.

Take advantage of discounts

The price of auto insurance can be rather high, but there are discounts available that many people don’t even know exist. Some trigger automatically when you get a quote, but less common discounts must be requested specifically in order for you to get them.

  • Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents and therefore earn up to a 10% discount.
  • Claim Free – Claim-free drivers can earn big discounts when compared to accident-prone drivers.
  • Early Switch Discount – Some insurance companies reward drivers for switching policies before your current expiration date. It’s a savings of about 10%.
  • Discount for Good Grades – This discount can save 20 to 25%. This discount can apply up to age 25.
  • Resident Student – Kids in college who are attending college and do not have a car may be able to be covered for less.
  • Multi-policy Discount – If you insure your home and vehicles with the same insurance company you may save up to 20% off your total premium.
  • Use Seat Belts – Buckling up and requiring all passengers to use their safety belts could save 15% off your PIP or medical payments premium.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course in school.

Keep in mind that most discount credits are not given to the entire cost. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like all the discounts add up to a free policy, you won’t be that lucky. Any amount of discount will reduce the amount you have to pay.

Companies that may offer these benefits may include but are not limited to:

Double check with each company what discounts are available to you. Savings may not be available in your state.

How to know if you need help

When it comes to buying adequate coverage, there is no perfect coverage plan. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that may help highlight if your situation would benefit from professional advice.

  • Am I covered by my spouse’s policy after a separation?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Should I put collision coverage on all my vehicles?
  • Do I have newly-aquired coverage?
  • What is medical payments coverage?
  • Can I afford to pay high deductible claims out of pocket?
  • What is the rate difference between pleasure use and commuting?

If you don’t know the answers to these questions then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Learn about car insurance coverages for a 2013 Hyundai Genesis

Learning about specific coverages of your car insurance policy can be of help when determining the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are the usual coverages found on most car insurance policies.

Liability car insurance

Liability coverage will cover damage or injury you incur to people or other property that is your fault. It protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Some companies may use one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like pain and suffering, legal defense fees, repair costs for stationary objects, funeral expenses and medical services. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

Comprehensive or Other Than Collision

Comprehensive insurance pays for damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims like hitting a bird, falling objects, hitting a deer, damage from a tornado or hurricane and rock chips in glass. The highest amount your car insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses such as funeral costs, ambulance fees and X-ray expenses. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

This coverage pays for damage to your Genesis caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things such as crashing into a ditch, sideswiping another vehicle, sustaining damage from a pot hole, damaging your car on a curb and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Hyundai Genesis.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Be a penny pincher

As you shop your coverage around, don’t be tempted to reduce coverage to reduce premium. In many instances, someone sacrificed liability coverage limits only to regret at claim time they didn’t purchase enough coverage. The aim is to buy enough coverage at an affordable rate while not skimping on critical coverages.

Cheap 2013 Hyundai Genesis insurance can be sourced from both online companies as well as from independent agents, so you should compare both in order to have the best price selection to choose from. Some companies don’t offer you the ability to get quotes online and many times these small, regional companies only sell through independent insurance agents.

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