Save Money on Hyundai Sonata Insurance in Philadelphia

Searching for better insurance prices for a Hyundai Sonata in Pennsylvania can normally be a painful process, but you can follow a few tricks to make it easier.

There is a right way and a wrong way to shop for insurance so we’re going to tell you the quickest way to get price quotes for a new or used Hyundai and obtain the lowest possible price.

Discount Hyundai Sonata insuranceUnimaginable but true, the vast majority of insurance customers kept their policy with the same company for at least the last four years, and virtually 40% of consumers have never compared rates from other carriers. Pennsylvania consumers could save as much as $686 every year by just comparing quotes, but most undervalue how much they could save if they moved their coverage to a different company.

It’s important to do rate comparisons occasionally because insurance prices fluctuate regularly. Even if you think you had the lowest quotes on Hyundai Sonata insurance in Philadelphia at your last renewal you will most likely find a better rate today. Forget all the misinformation about insurance because we’re going to show you the best methods to lower your annual insurance bill.

Buying the most affordable protection in Philadelphia is not as hard as you may think. If you have a current car insurance policy or just want cheaper rates, use these techniques to buy cheaper car insurance without reducing coverage. Consumers only need an understanding of the proper way to shop for car insurance from many companies at once.

Most companies like 21st Century, Allstate and State Farm allow consumers to get insurance quotes online. Getting Hyundai Sonata insurance prices online is possible for anyone because you just enter the coverages you want into the quote form. After you submit the form their quoting system gets your driving and credit reports and gives you a price quote.

The ability to get online quotes for Hyundai Sonata insurance in Philadelphia simplifies rate comparisons, and it’s absolutely necessary to have as many quotes as possible if you are searching for cheap insurance pricing.

To quickly compare rates now, consider comparing rates from the companies shown below. If you have your current policy handy, we recommend you copy coverages and limits exactly as shown on your declarations page. This way, you will receive rate comparison quotes for exact coverage.

The companies in the list below are ready to provide comparison quotes in Philadelphia, PA. If more than one company is shown, it’s a good idea that you visit several of them to get the best price comparison.

These discounts can lower your auto insurance quotes

Auto insurance is not an enjoyable expense, but there are discounts available that may help make it more affordable. Some discounts apply automatically when you purchase, but some discounts are required to be requested specifically prior to receiving the credit.Cheaper auto insurance with discounts

It’s important to note that many deductions do not apply to the entire cost. Most only cut individual premiums such as liability and collision coverage. Despite the fact that it seems like it’s possible to get free car insurance, insurance companies wouldn’t stay in business.

The chart below shows the difference between Hyundai Sonata premium costs with and without discounts applied to the rates. The prices are based on a male driver, no violations or claims, Pennsylvania state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, claim-free, safe-driver, multi-policy, and multi-car discounts applied.

Larger auto insurance companies and a partial list of their discounts are shown below.

If you are trying to find the cheapest Hyundai Sonata rate quotes, ask every insurance company which credits you are entitled to. Some discounts might not be available to policyholders in your state. To see a list of companies that offer multiple discounts in Pennsylvania, follow this link.

Facts and figures for Hyundai Sonata insurance

The coverage information displayed next highlights different insurance premium costs for Hyundai Sonata models. Learning more about how car insurance prices are established can assist in making smart buying decisions.

Hyundai Sonata Insurance Rates in Philadelphia, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $322 $512 $488 $28 $146 $1,496 $125
Sonata GLS 4-Dr Sedan $322 $512 $488 $28 $146 $1,496 $125
Sonata GLS 4-Dr Sedan $322 $512 $488 $28 $146 $1,496 $125
Sonata SE 4-Dr Sedan $322 $602 $488 $28 $146 $1,586 $132
Sonata SE 4-Dr Sedan $322 $602 $488 $28 $146 $1,586 $132
Sonata Limited 4-Dr Sedan $364 $602 $488 $28 $146 $1,628 $136
Sonata Limited 4-Dr Sedan $364 $602 $488 $28 $146 $1,628 $136
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Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Pennsylvania minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Price estimates do not factor in vehicle garaging location which can raise or lower premium rates noticeably.

An analysis of deductible level

One common question asked by Philadelphia drivers is which comprehensive and collision deductibles to buy. The following insurance rates can help you understand the rate differences when you buy lower versus higher coverage deductibles. The first set of prices uses a $100 deductible for comp and collision and the second price grid uses a $1,000 deductible.

Hyundai Sonata insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $284 $512 $372 $22 $112 $1,327 $111
Sonata GLS 4-Dr Sedan $284 $512 $372 $22 $112 $1,327 $111
Sonata GLS 4-Dr Sedan $284 $512 $372 $22 $112 $1,327 $111
Sonata SE 4-Dr Sedan $284 $602 $372 $22 $112 $1,417 $118
Sonata SE 4-Dr Sedan $284 $602 $372 $22 $112 $1,417 $118
Sonata Limited 4-Dr Sedan $320 $602 $372 $22 $112 $1,453 $121
Sonata Limited 4-Dr Sedan $320 $602 $372 $22 $112 $1,453 $121
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Hyundai Sonata insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $158 $270 $372 $22 $112 $934 $78
Sonata GLS 4-Dr Sedan $158 $270 $372 $22 $112 $934 $78
Sonata GLS 4-Dr Sedan $158 $270 $372 $22 $112 $934 $78
Sonata SE 4-Dr Sedan $158 $318 $372 $22 $112 $982 $82
Sonata SE 4-Dr Sedan $158 $318 $372 $22 $112 $982 $82
Sonata Limited 4-Dr Sedan $178 $318 $372 $22 $112 $1,002 $84
Sonata Limited 4-Dr Sedan $178 $318 $372 $22 $112 $1,002 $84
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Information does not factor in garaging location in Philadelphia which can increase or decrease insurance rates significantly.

We can derive from the above data that using a $100 deductible could cost the average driver approximately $35 more each month or $420 every year averaged for all Sonata models than requesting the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 26 months between claims, you would come out ahead if you choose a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $100 deductibles: $116
Average monthly premium for $1,000 deductibles (subtract): – $81
Monthly savings from raising deductible: $35
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $35
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

One thing to be aware of is that a higher deductible level means you will have to pay more of your own money when you have a physical damage claim. You need to make sure you have a higher level of savings in the event you have to pay the higher deductible.

Full coverage versus liability-only

The chart below shows the comparison of Hyundai Sonata car insurance costs with and without full coverage. Data assumes no claims or driving citations, $500 deductibles, drivers are single, and no discounts are factored in.

Should you pay for full coverage?

There is no definitive rule of when to exclude full coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s say your Hyundai Sonata claim settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $7,000 after paying your deductible. If you are paying more than $700 a year for your policy with full coverage, then you might want to think about dropping full coverage.

There are some conditions where buying only liability insurance is not recommended. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not drop full coverage.

Decisions You Make Can Impact Your Insurance Premiums

When buying insurance it’s important to understand some of the things that help determine your insurance rates. When consumers understand what positively or negatively impacts your premiums, this allows you to make good choices that may reward you with lower premium levels. Lots of factors are used in the calculation when quoting car insurance. Some factors are common sense like an MVR report, but some are less obvious such as your credit history or how financially stable you are.

The factors shown below are a few of the things used by your company to calculate rates.

Where you reside is a factor – Having an address in less populated areas of the country has it’s advantages when insuring your vehicles. Less people translates into fewer accident claims. Urban drivers have congested traffic and longer commutes to work. Spending more time driving statistically corresponds to a higher accident and claim rate.

Save by driving cars with good safety ratings – Cars with five star safety ratings tend to have better insurance rates. Vehicles engineered for safety help reduce the chance of injuries in an accident and fewer serious injuries means your insurance company pays less which can mean better rates for you. If your Hyundai Sonata earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.

Men drivers tend to cost more – Statistics demonstrate women tend to be less risk to insure than men. Now that doesn’t mean men are worse drivers. Males and females are responsible for auto accidents at about the same rate, but males tend to have more serious accidents. Men also tend to have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly. Youthful male drivers have the highest risk to insure and therefore have the most expensive insurance rates.

The illustration below shows the difference between Hyundai Sonata auto insurance rates for male and female drivers. Data assumes no driving violations, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no policy discounts are applied.

Rates and vocation – Careers such as military personnel, business owners, and financial analysts usually pay higher premiums than the average policyholder in part from intense work-related stress and incredibly demanding work hours. Conversely, professions such as actors, historians and retirees generally pay rates lower than average.

Discounts for multiple policies – Lots of insurance companies apply a discount to insureds who consolidate policies with them, otherwise known as a multi-policy discount. Even with this discount, it’s always a smart idea to check prices from other companies to make sure you are getting the best deal.

Save money by having high credit – Credit history can be a huge factor in determining premium rates. If your credit rating leaves room for improvement, you may save money insuring your Hyundai Sonata by improving your rating. Drivers who have very good credit scores tend to file fewer claims and have better driving records as compared to drivers with lower ratings.

Hyundai Sonata claim data – Insurance companies analyze historical claim data to help calculate a profitable premium rate. Vehicles that have high amounts or severity of claims will have a higher premium rate. The data below shows the compiled insurance loss statistics for Hyundai Sonata vehicles.

For each policy coverage, the loss probability for all vehicles, as a total average, is a value of 100. Numbers under 100 imply a favorable loss record, while numbers above 100 indicate more frequent claims or tendency to have larger claims.

Insurance Loss Ratings for Hyundai Sonata Vehicles
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Sonata 129 88 101 138 149 110
Hyundai Sonata Hybrid 142 116 119 124 138 121

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Car insurance agents can help

Some people still like to get professional advice from a licensed agent and we recommend doing that Professional agents are highly skilled in risk management and give you someone to call. One of the benefits of comparing car insurance online is you may find lower rates and still have a local agent. Buying from neighborhood agents is especially important in Philadelphia.

Philadelphia insurance agentsAfter completing this simple form, your coverage information is emailed to participating agents in Philadelphia that provide free Philadelphia car insurance quotes to get your business. There is no need to leave your computer because quoted prices will be sent directly to your email. In the event you want to compare prices from a particular provider, don’t hesitate to search and find their rate quote page and complete a quote there.

If you prefer to buy car insurance from a good insurance agency, you need to know there are two different types of agencies to choose from. Car insurance agencies are considered either independent agents or exclusive agents. Either can sell and service car insurance coverage, but it is important to understand the difference between them because it can factor into your agent selection.

Independent Agents (or Brokers)

Agents that elect to be independent often have affiliation with several companies so they can quote policies with lots of companies and get you the best rates possible. If they find a cheaper price, the business is moved internally and that require little work on your part. When comparison shopping, you will want to get some free quotes from independent agents so that you can do a thorough price comparison. Most have the option of insuring with companies you’ve never heard of which may have better rates.

Below are Philadelphia independent insurance agents who may be able to give you comparison quotes.

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Exclusive Insurance Agents

Agents that elect to be exclusive can only write with one company such as Allstate, State Farm and Farm Bureau. They usually cannot give you multiple price quotes so it’s a take it or leave it situation. These agents are well schooled on their products and sales techniques and that can be a competitive advantage. Some people will only purchase coverage from exclusives partially due to high brand loyalty and the convenience of having a single billing for all their coverages.

Below are Philadelphia exclusive insurance agents that are able to give price quote information.

More insurance agents

Selecting an insurance agent requires more thought than just a cheap price. Any good agent in Philadelphia should know the answers to these questions.

Don’t give up on cheap premiums

Lower-priced Hyundai Sonata insurance in Philadelphia is available from both online companies in addition to local insurance agencies, so you should compare both in order to have the best price selection to choose from. Some insurance providers don’t offer rates over the internet and usually these smaller providers only sell through independent agents.

Drivers change insurance companies for a variety of reasons including questionable increases in premium, lack of trust in their agent, not issuing a premium refund and poor customer service. Regardless of your reason for switching companies, finding the right insurance provider is pretty simple and you could end up saving a buck or two.

As you restructure your insurance plan, it’s a bad idea to reduce coverage to reduce premium. In many cases, someone dropped liability limits or collision coverage to discover at claim time that the few dollars in savings costed them thousands. The ultimate goal is to find the BEST coverage at the best cost.

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