Do you want to stop overpaying and find low-cost Hyundai Accent insurance in Indianapolis? Having to pay for pricey car insurance in Indianapolis can take a big chunk out of your bank account and force you to tighten up your finances.
Sad but true, nearly 70% of consumers have been with the same company for at least four years, and just short of a majority have never compared rates from other carriers. Consumers in Indiana could save as much as $700 each year just by getting comparison quotes, but they don't invest the time required to find cheap rates by getting comparison quotes. Big companies like State Farm, GEICO and Farmers Insurance increase brand awareness with ads and it can be hard to ignore the promise of big savings and find the best price available.
It is always a good idea to get comparison quotes occasionally because prices change quite often. Just because you had the best rates on Hyundai Accent insurance in Indianapolis two years ago the chances are good that you can find a lower premium rate today. Forget all the misinformation about car insurance because it's time to teach you the tricks you need to know to lower your annual insurance bill.
If you're already insured or want to find a cheaper company, you can use this information to get lower rates while maximizing coverage. Locating the most cost-effective insurance policy in Indianapolis seems hard but is not really that difficult. Shoppers just have to understand the proper way to compare rates from multiple carriers.
Best Hyundai Accent insurance prices in Indiana
The companies shown below are ready to provide free quotes in Indiana. If several companies are displayed, we recommend you visit as many as you can to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accent Blue 2-Dr Hatchback||$98||$218||$288||$18||$86||$708||$59|
|Accent GS 2-Dr Hatchback||$132||$304||$270||$16||$80||$802||$67|
|Accent GLS 4-Dr Sedan||$202||$580||$412||$24||$124||$1,342||$112|
|Accent SE 2-Dr Hatchback||$188||$504||$230||$14||$68||$1,004||$84|
|Get Your Own Custom Quote Go|
Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Estimates do not factor in zip code location which can alter auto insurance rates significantly.
Analysis of deductible levels
The illustration below highlights how deductible choice and can impact Hyundai Accent insurance costs for each age group. The price estimates are based on a married female driver, comp and collision included, and no discounts are applied to the premium.
Should you buy full coverage?
The information below shows the comparison of Hyundai Accent auto insurance rates with full coverage and liability only. The rates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single female driver, and no other discounts are factored in.
When to drop comp and collision
There is no set guideline for phasing out full coverage, but there is a broad guideline. If the annual cost of having full coverage is more than around 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let's assume your Hyundai Accent replacement cost is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $8,000 after paying the physical damage deductible. If it's costing in excess of $800 a year to have full coverage, then it might be time to consider dropping full coverage.
There are some cases where dropping physical damage coverage is not recommended. If you still owe money on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should maintain full coverage.
The Hyundai Accent Insurance Rate Equation
An important part of buying insurance is that you know some of the things that are used to determine the level of your policy premiums. If you understand what determines premiums, this helps enable you to make changes that could help you find better insurance rates. Many factors are part of the equation when quoting car insurance. Most are fairly basic such as your driving record, but some are not as apparent like your continuous coverage or how financially stable you are.
The higher your credit score the lower your premiums - A driver's credit score factor in determining what you pay for insurance. Consumers who have very good credit scores tend to file fewer claims and have better driving records than drivers who have bad credit. Therefore, if your credit rating can be improved, you could pay less to insure your Hyundai Accent if you improve your credit rating.
Compare rates if you combine your policies - Many companies provide discounts to customers that purchase more than one policy in the form of a multi-policy discount. This can amount to 10 percent or more. Even with this discount, it's always a smart idea to compare other Indianapolis Accent insurance rates to help guarantee you have the best rates.
Low comp and collision deductibles mean high rates - The deductibles you choose tell how much you are willing to pay out-of-pocket in the event of a claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, insures against damage to your car. Some examples of covered claims could be colliding with a stationary object, damage caused by hail, and damage from wind. The more expense you are required to pay out-of-pocket, the less money you will pay for insurance.
Getting married brings a discount - Having a significant other helps lower the price when shopping for insurance. It usually means you are more mature and responsible and statistics show drivers who are married are more cautious.
Loss statistics for a Hyundai Accent - Auto insurance companies factor in insurance loss information as a tool for profitable underwriting. Vehicles that tend to have higher claim frequency or loss amount will have higher premium rates.
The table below demonstrates the insurance loss data used by companies for Hyundai Accent vehicles. For each coverage category, the loss probablilty for all vehicles averaged together is considered to be 100. Numbers below 100 indicate a favorable loss history, while values over 100 indicate more frequent losses or tendancy to have higher losses.
Hyundai Accent Insurance Claim Statistics
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Get cheaper rates on Hyundai Accent insurance in Indianapolis with these discounts
Companies that sell car insurance do not list every available discount very clearly, so we researched both well-publicized and the harder-to-find credits that may apply to you.
- Data Collection Discounts - Indianapolis drivers who agree to allow data collection to track vehicle usage by using a telematics device like Allstate's Drivewise could see a rate decrease if they exhibit good driving behavior.
- Student Discount for Driver Training - Require your teen driver to successfully take a driver's education course as it will make them better drivers and lower rates.
- Life Insurance - Not every insurance company offers life insurance, but if they do you may earn a break if you buy life insurance from them.
- Passive Restraints - Cars that have air bags or motorized seat belts can qualify for discounts of up to 25% or more.
- Waiver for an Accident - This one isn't a discount, but a handful of insurance companies may permit one accident without the usual rate increase so long as you are claim-free before the accident.
- Early Signing - Some companies reward drivers for switching companies before your current Accent insurance policy expires. You may see this discount when you get Indianapolis car insurance quotes online.
A little note about advertised discounts, many deductions do not apply to the entire cost. Most only reduce the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears all those discounts means the company will pay you, nobody gets a free ride.
Car insurance companies that may offer policyholders these discounts possibly include:
Check with each company how you can save money. Some of the discounts discussed earlier might not be available to policyholders in your state.
Compare prices but work with a neighborhood Indianapolis auto insurance agent
Some consumers still like to sit down with an agent and that is a personal choice. Professional insurance agents are trained to spot inefficiencies and help you file claims. One of the benefits of comparing rates online is the fact that drivers can get cheap rate quotes and still have an agent to talk to.
To find an agent, once you fill out this simple form, your insurance coverage information is emailed to agents in your area who want to provide quotes for your insurance coverage. You won't even need to contact any insurance agencies since price quotes are sent straight to your inbox. If you want to quote rates from a specific auto insurance provider, feel free to find their quoting web page and give them your coverage information.
Choosing an insurer needs to be determined by more than just the price. These are some questions your agent should answer.
- Are there any extra charges for paying monthly?
- Can glass claims be handled at your home?
- Did they already check your driving record and credit reports?
- Do they review policy coverages at every renewal?
- Does the agency have a positive business rating?
- How would your car be valued if totalled?
- Is the agent CPCU or CIC certified?
- How much will you save each year by using a higher deductible?
If you receive good answers to these questions as well as a price you're happy with, it's a good possibility that you have found a company that is reputable and can provide auto insurance coverage. Keep in mind you can cancel your policy for any reason so don't feel that you're stuck with any specific company for the full policy term.
Frequent quotes can save
As you prepare to switch companies, never buy lower coverage limits just to save a few bucks. There are too many instances where drivers have reduced physical damage coverage and learned later that the savings was not a smart move. The aim is to purchase plenty of coverage at the best price while still protecting your assets.
We've covered some good ideas how to find lower-cost Hyundai Accent insurance in Indianapolis. It's most important to understand that the more rate comparisons you have, the better likelihood of getting affordable Indianapolis car insurance quotes. Consumers could even find that the best price on insurance is with a small local company. They can often provide lower car insurance rates in certain areas than the large multi-state companies such as Allstate or State Farm.
Additional insurance information is located below:
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- Who Has Affordable Indiana Car Insurance Rates for Government Employees? (FAQ)
- What Auto Insurance is Cheapest for Welfare Recipients in Indiana? (FAQ)
- What Auto Insurance is Cheapest for 19 Year Olds in Indiana? (FAQ)
- Car Insurance: When not to Skimp (BankRate.com)
- Reducing Your Risks in a Car Crash Video (iihs.org)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
- Understanding Limits and Deductibles (Allstate)