We don’t have to tell you that auto insurance companies don’t want policyholders to shop around. Insureds who shop around once a year will most likely buy a new policy because there is a significant possibility of finding more affordable rates. A recent survey found that drivers who routinely shopped for cheaper coverage saved over $3,500 over four years compared to policyholders who never shopped around.
If finding discount rates on insurance in Tampa is the reason you’re reading this, then having a grasp of how to quote and compare insurance can make the process more efficient.
The easiest way to quote cheaper auto insurance rates is to compare quotes once a year from companies in Tampa.
- Get an understanding of how insurance companies determine prices and the things you can change to drop your rates. Many factors that result in higher prices like traffic violations, accidents, and an unfavorable credit rating can be remedied by making minor driving habit or lifestyle changes.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from a single company like Progressive and State Farm, while independent agents can provide price quotes for a wide range of companies.
- Compare the price quotes to your existing coverage and see if you can save money. If you find better rates and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Provide written notification to your current company of your intention to cancel your current auto insurance policy. Submit a down payment and signed policy application to the new company. Immediately safely store the proof of insurance certificate in an accessible location in your vehicle.
The most important part of shopping around is that you use similar deductibles and liability limits on every quote request and and to get prices from every insurance company. Doing this helps ensure a fair rate comparison and a better comparison of the market.
Shopping for the lowest-priced protection in Tampa is quite easy. If you have a current insurance policy or just want to reduce your rates, you can use these tips to get lower rates without reducing coverage. Shoppers just have to learn the tricks to compare prices on the web.
The fastest way that we advise to compare policy rates for Hyundai Sonata Hybrid insurance in Tampa takes advantage of the fact auto insurance companies have advanced systems to compare rate quotes. To start a quote, the only thing you need to do is give them some information like how many miles driven, if the vehicle is leased, how your vehicles are used, and level of coverage desired. That rating information is instantly provided to many different companies and you should receive rate quotes very quickly.
To get price quotes for your Hyundai Sonata Hybrid now, click here then complete the form.
The companies shown below have been selected to offer quotes in Florida. If multiple companies are listed, it’s highly recommended you compare several of them in order to find the lowest rates.
Why you need to buy insurance
Despite the high cost, maintaining insurance is a good idea for several reasons.
First, the majority of states have minimum mandated liability insurance limits which means state laws require specific minimum amounts of liability protection in order to license the vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you took out a loan on your vehicle, almost every bank will make it a condition of the loan that you buy full coverage to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the lender will be forced to insure your Hyundai at a much higher rate and require you to reimburse them a much higher amount than you were paying before.
Third, insurance protects both your assets and your car. Insurance will pay for most medical and hospital costs for yourself as well as anyone injured by you. As part of your policy, liability insurance will also pay to defend you if someone files suit against you as the result of an accident. If you have damage to your Hyundai as the result of the weather or an accident, comprehensive and/or collision insurance will pay to repair the damage.
The benefits of carrying enough insurance are without a doubt worth the cost, especially when you need to use it. As of last year, the average driver in Florida is overpaying more than $810 a year so compare quotes from several companies at least once a year to help ensure money is not being wasted.
Learn How to Lower Your Insurance Premiums
Lots of factors are part of the calculation when you get your auto insurance bill. Most are fairly basic such as your driving record, but others are less apparent such as your credit history or your vehicle rating.
Bad drivers pay high rates – Drivers who don’t get tickets have lower premiums than bad drivers. Getting just one moving violation can increase the cost of insurance by as much as thirty percent. Drivers unfortunate enough to have careless violations such as DUI, reckless driving or excessive speeding may need to maintain a SR-22 with the DMV in their state in order to continue driving.
Where you call home is a factor – Being located in small towns and rural areas can save you money when buying insurance. City drivers regularly have more aggressive driving styles and more severe claims. Less people living in that area translates into fewer accident claims.
Low comp and collision deductibles cost more – Comprehensive and collision coverage deductibles define the amount you are willing to pay out-of-pocket if the claim is covered. Protection for physical damage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Some coverage claims would be rear-ending another vehicle, vandalism, and having a roll-over accident. The more of the claim you have to pay, the less your insurance will be.
See if your company offers a multi-policy discount – Many insurance companies afford a discount for people who have multiple policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount consumers should still check prices from other companies to help guarantee you have the best rates.
Pleasure use saves money – The more you drive every year the more it will cost to insure it. A lot of insurance companies apply a rate partially by how you use the vehicle. Vehicles that sit idle most of the time can be on a lower rate level than those used for commuting. Having an incorrect usage rating on your Sonata Hybrid can cost quite a bit. Ask your agent if your vehicle rating properly reflects the correct driver usage.
An active insurance claims history can cost you – If you file a lot of claims you should expect higher premiums or even policy non-renewal. Car insurance companies in Florida provide better rates to drivers who are claim-free. Your insurance policy is designed for more catastrophic claims.
Hyundai Sonata Hybrid claim statistics – Auto insurance companies factor in historical loss data when they file their rates in each state. Vehicles that are shown to have higher claim frequency or loss amount will cost more to insure. The table below outlines the actual insurance loss data for Hyundai Sonata Hybrid vehicles.
For each type of coverage, the statistical loss for all vehicles, as an average, is considered to be 100. Percentage values below 100 suggest losses that are better than average, while percentage values above 100 indicate a higher chance of having a claim or tendency to have larger claims.
|Vehicle 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
You are unique and your car insurance should be too
When selecting insurance from an agent or online, there really isn’t a best way to insure your cars. Everyone’s situation is a little different so this has to be addressed.
For example, these questions may help highlight if your insurance needs might need professional guidance.
- What does roadside assistance cover?
- When should I remove comp and collision on my Hyundai Sonata Hybrid?
- Am I covered if I hit my neighbor’s mailbox?
- Which companies will insure me after a DUI?
- Can I get a multi-policy discount for packaging my home and auto coverage?
- Are my company tools covered if they get stolen?
- How can I find cheaper teen driver insurance?
If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and may give you better protection.
One last thing to lower rates
Lower-priced auto insurance in Tampa can be bought online and from local agencies, so you should compare both so you have a total pricing picture. Some insurance companies may not have online quoting and most of the time these smaller companies provide coverage only through independent agencies.
In this article, we covered a lot of ways to shop for Hyundai Sonata Hybrid insurance online. The key concept to understand is the more rate quotes you have, the higher your chance of finding affordable Hyundai Sonata Hybrid insurance quotes. Consumers could even find that the most savings is with some of the lesser-known companies. Regional companies can often provide lower rates in certain areas as compared to the big name companies such as Allstate, GEICO and Progressive.
Much more information about auto insurance in Florida is available at the links below
- How to shop for a safer car (Insurance Institute for Highway Safety)
- Who Has Affordable Auto Insurance Quotes for a Ford Escape in Tampa? (FAQ)
- Who Has Cheap Car Insurance Rates for Drivers with a Bad Driving Record in Tampa? (FAQ)
- What Car Insurance is Cheapest for Good Drivers in Tampa? (FAQ)
- Who Has the Cheapest Tampa Auto Insurance for Drivers with Good Credit? (FAQ)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- Five Mistakes to Avoid (Insurance Information Institute)
- Medical Payments Coverage (Liberty Mutual)