Car Insurance Rates for a Hyundai Accent in Tampa

If saving the most money is your goal, then the best way to get discount Hyundai Accent insurance is to regularly compare quotes from companies that sell auto insurance in Tampa.

1. Try to understand what is in your policy and the changes you can make to lower rates. Many risk factors that cause rate increases such as accidents, careless driving, and poor credit can be improved by being financially responsible and driving safely. Read the full article for instructions to prevent high prices and get bigger discounts that may have been overlooked.
2. Request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like GEICO or State Farm, while independent agents can provide rate quotes from multiple companies.
3. Compare the new rate quotes to the price on your current policy to determine if you can save on Accent insurance in Tampa. If you can save money and switch companies, ensure coverage does not lapse between policies.
4. Provide notification to your current company of your intent to cancel your current auto insurance policy. Submit the completed application along with a down payment for the new policy. As soon as you receive it, place your new certificate of insurance along with your vehicle registration.

A good tip to remember is to use the same liability limits and deductibles on every price quote and and to get prices from as many companies as possible. This helps ensure the most accurate price comparison and plenty of rates choose from.

Everyone knows that insurance companies don’t want their customers to go rate shopping. Consumers who compare rates annually are likely to buy a different policy because of the high probability of finding a lower rate. A recent survey found that consumers who routinely shopped for cheaper coverage saved about $3,400 over four years compared to policyholders who never shopped for cheaper rates.

If finding the cheapest rates on Hyundai Accent insurance is your goal, understanding the best ways to find and compare insurance can help simplify the task of finding more affordable coverage.

When price shopping your coverage, comparing all the rates in your area helps locate a better price.

The companies in the list below can provide comparison quotes in Tampa, FL. If you want to find the best auto insurance in Tampa, it’s a good idea that you click on several of them in order to find the most affordable rates.

Car insurance is not optional but you don’t have to overpay

Even though Tampa Accent insurance rates can get expensive, car insurance may be required for several reasons.

• Just about all states have compulsory liability insurance requirements which means you are required to buy specific limits of liability protection in order to drive the car. 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.
• If your Accent has a lienholder, most banks will require that you have insurance to guarantee loan repayment. If coverage lapses or is canceled, the bank will be required to insure your Hyundai at a more expensive rate and force you to pay a much higher amount than you were paying before.
• Insurance safeguards not only your car but also your assets. Insurance will pay for many types of medical costs for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, will also pay attorney fees if you are sued as the result of your driving. If mother nature or an accident damages your car, your policy will cover the damage repairs after a deductible is paid.

The benefits of carrying enough insurance are definitely more than the cost, particularly when you have a large claim. As of last year, the average driver in Florida overpays as much as $830 a year so compare rates at every renewal to make sure the price is not too high.

Facts and figures for Hyundai Accent insurance

The price information displayed next outlines detailed analysis of rate quotes for Hyundai Accent models. Having a good grasp of how car insurance prices are figured is important for you to make smart choices when selecting a policy.

Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Rate information does not factor in Tampa location which can change insurance rates significantly.

Policy deductibles

When buying car insurance, a common question is how high should the physical damage coverage deductibles be. The following insurance rates can help you visualize the price difference when you choose different physical damage coverage deductibles. The first pricing table uses a $100 deductible and the second pricing table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Table data does not factor in specific Tampa garaging location which can decrease or increase premiums noticeably.

Based on the figures above, using a $100 deductible costs approximately $28 more each month or $336 every year averaged for all Accent models than requesting the higher $500 deductible. Since the policyholder would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 14 months between claims, you would more than likely save some money going with the higher deductible.

Difference between full coverage and liability only rates

The information below shows the difference between Hyundai Accent car insurance costs with full physical damage coverage and with liability coverage only. The rates are based on no claims, a clean driving record, $100 deductibles, drivers are not married, and no additional discounts are factored in.

When to stop buying physical damage coverage

There is no clear-cut rule of when to eliminate physical damage coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s assume your Hyundai Accent claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $3,000 after paying the physical damage deductible. If you are paying in excess of $300 a year to have full coverage, then it might be time to buy liability only.

There are some scenarios where dropping full coverage is not recommended. If you still owe money on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage.

Slash rates with these discounts on Hyundai Accent insurance in Tampa

Some insurers do not advertise every discount very clearly, so we took the time to find both the well known as well as some of the hidden discounts you could be receiving when you buy Tampa car insurance online.

• Memberships – Belonging to a professional or civic organization could trigger savings on your next car insurance statement.
• Drivers Ed for Students – Cut your cost by having your teen driver enroll in driver’s education if offered at their school.
• Defensive Driver Discounts – Passing a defensive driving class may get you a small discount if your company offers it.
• New Vehicle Savings – Buying insurance coverage on a new vehicle can get you a discount since new model year vehicles have better safety ratings.
• Mature Driver Discount – Drivers over the age of 55 can possibly qualify for lower premium rates.
• Sign Early and Save – Some car insurance companies provide a discount for switching companies before your current expiration date. Ten percent is about the average savings.
• Use Seat Belts – Drivers who require all occupants to fasten their seat belts could save 15% on the premium charged for medical payments and/or PIP.
• Life Insurance Discount – Some companies give a break if you buy some life insurance in addition to your auto policy.
• Distant Student Discount – Children who are attending college without a vehicle on campus could get you a discount.
• Payment Method – By paying your entire bill at once rather than spreading payments over time you can avoid monthly service charges.

It’s important to understand that some credits don’t apply to your bottom line cost. Most only cut specific coverage prices like medical payments or collision. So despite the fact that it appears all the discounts add up to a free policy, car insurance companies aren’t that generous.

The illustration below illustrates the difference between Hyundai Accent annual premium costs with and without some available policy discounts. The data is based on a male driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, claim-free, multi-policy, marriage, and homeowner discounts applied.

Large car insurance companies and their possible discounts are outlined below.

• Mercury Insurance has discounts for low natural disaster claims, annual mileage, professional/association, age of vehicle, multi-policy, and ease of repair.
• Farmers Insurance has savings for switch companies, multi-car, bundle discounts, homeowner, and youthful driver.
• Farm Bureau offers discounts for safe driver, youthful driver, renewal discount, 55 and retired, driver training, multi-vehicle, and good student.
• State Farm offers premium reductions for good driver, multiple autos, Drive Safe & Save, good student, and Steer Clear safe driver discount.
• Allstate discounts include anti-lock brakes, eSmart discount, multi-policy, farm vehicle, teenSMART discount, and premier plus.
• GEICO policyholders can earn discounts including multi-policy, seat belt use, military active duty, membership and employees, and daytime running lights.

If you are trying to find cheaper Tampa car insurance quotes, ask each insurance company which discounts you may be entitled to. A few discounts may not apply in Tampa. To locate companies with discount car insurance rates in Tampa, click here to view.