How many times have you told yourself to find cheaper insurance rates in Henderson, NV? Henderson shoppers have a choice when shopping for the lowest priced Hyundai Sonata insurance. They can either waste time contacting agents trying to get quotes or use the internet to compare rates. There is a better way to find insurance online and we’ll show you the quickest way to compare rates on a Hyundai and find the best price possible from Henderson insurance agents and online providers.
Locating the most cost-effective car insurance policy in Henderson is easy if you know what you’re doing. If you are paying for car insurance now, you stand a good chance to be able to reduce the price you pay using the techniques covered below. Shoppers just need to use the most time-saving way to compare different rates from many companies at once.
Why Your Insurance Rates might be higher
Many factors are part of the equation when pricing auto insurance. A few of the factors are predictable such as your driving record, but other factors are not quite as obvious like your vehicle usage or your commute time.
- Get hitched and pay lower rates – Your spouse may cut your premiums on your policy. Having a significant other usually means you are more stable financially and it’s proven that drivers who are married file infrequent claims.
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Careless driving leads to higher prices – Getting just one chargeable violation may increase your cost forty percent or more. Careful drivers pay less for auto insurance than bad drivers. Drivers unfortunate enough to have careless violations such as DUI, reckless driving or excessive speeding may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state’s licensing department in order to prevent their license from being revoked.
The diagram below highlights how traffic violations and at-fault fender-benders raise Hyundai Sonata insurance rates for different age groups of insureds. Data assumes a married female driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.
- Do you really need roadside assistance? – There are a lot of extra coverages that may not really be needed on your auto insurance policy. Add-on coverages like rental car reimbursement, better glass coverage, and additional equipment coverage are examples of these. These may sound like a good investment when deciding what coverages you need, but now you might not need them so remove them from your policy.
- Better auto insurance rates for continuous coverage – Not having insurance can get your license suspended and you will pay a penalty because you let your insurance coverage expire. Not only will rates go up, the inability to provide proof of insurance could earn you a license revocation or jail time. You may then have to prove you have insurance by filing a SR-22 with the Nevada motor vehicle department.
- Physical damage deductibles are a factor – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, helps pay for damage to your vehicle. Some examples of claims that would be covered would be a broken side mirror, hitting a deer, and rolling your vehicle. The deductibles are the amount of money you are required to spend in the event of a claim. The more money the insured is willing to pay, the less your auto insurance will be.
- GPS tracking and theft deterrents reduce rates – Choosing to buy a car with advanced anti-theft systems can help lower your premiums. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart vehicle theft.
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Hyundai Sonata historical loss data – Insurance companies analyze past claim statistics to help determine prices. Models that the data shows to have increased losses will have a higher premium rate. The table below illustrates the insurance loss data used by companies for Hyundai Sonata vehicles.
For each insurance policy coverage type, the claim probability for all vehicles, regardless of manufacturer or model, is equal to 100. Numbers under 100 represent a good loss history, while values over 100 point to more losses or statistically larger losses.
Insurance Loss Ratings for Hyundai Sonata Vehicles Vehicle 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 BETTERAVERAGEWORSEData Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
The companies shown below are our best choices to provide free quotes in Nevada. If multiple companies are listed, we recommend you visit two to three different companies to get a more complete price comparison.
Hyundai Sonata insurance charts and tables
The information displayed next outlines detailed analysis of coverage costs for Hyundai Sonata models. Understanding more about how insurance prices are calculated can assist in making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $228 | $470 | $366 | $22 | $110 | $1,196 | $100 |
| Sonata GLS 4-Dr Sedan | $228 | $470 | $366 | $22 | $110 | $1,196 | $100 |
| Sonata GLS 4-Dr Sedan | $228 | $470 | $366 | $22 | $110 | $1,196 | $100 |
| Sonata SE 4-Dr Sedan | $228 | $554 | $366 | $22 | $110 | $1,280 | $107 |
| Sonata SE 4-Dr Sedan | $228 | $554 | $366 | $22 | $110 | $1,280 | $107 |
| Sonata Limited 4-Dr Sedan | $258 | $554 | $366 | $22 | $110 | $1,310 | $109 |
| Sonata Limited 4-Dr Sedan | $258 | $554 | $366 | $22 | $110 | $1,310 | $109 |
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Data variables include married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Information does not factor in zip code location which can influence coverage prices substantially.
Deductible comparison
When shopping for auto insurance, a common question is the level to set your comp and collision deductibles. The premium rates below may aid in understanding how much more you’ll pay between low and high coverage deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $266 | $478 | $348 | $20 | $104 | $1,241 | $103 |
| Sonata GLS 4-Dr Sedan | $266 | $478 | $348 | $20 | $104 | $1,241 | $103 |
| Sonata GLS 4-Dr Sedan | $266 | $478 | $348 | $20 | $104 | $1,241 | $103 |
| Sonata SE 4-Dr Sedan | $266 | $564 | $348 | $20 | $104 | $1,327 | $111 |
| Sonata SE 4-Dr Sedan | $266 | $564 | $348 | $20 | $104 | $1,327 | $111 |
| Sonata Limited 4-Dr Sedan | $300 | $564 | $348 | $20 | $104 | $1,361 | $113 |
| Sonata Limited 4-Dr Sedan | $300 | $564 | $348 | $20 | $104 | $1,361 | $113 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $194 | $324 | $348 | $20 | $104 | $990 | $83 |
| Sonata GLS 4-Dr Sedan | $194 | $324 | $348 | $20 | $104 | $990 | $83 |
| Sonata GLS 4-Dr Sedan | $194 | $324 | $348 | $20 | $104 | $990 | $83 |
| Sonata SE 4-Dr Sedan | $194 | $382 | $348 | $20 | $104 | $1,048 | $87 |
| Sonata SE 4-Dr Sedan | $194 | $382 | $348 | $20 | $104 | $1,048 | $87 |
| Sonata Limited 4-Dr Sedan | $218 | $382 | $348 | $20 | $104 | $1,072 | $89 |
| Sonata Limited 4-Dr Sedan | $218 | $382 | $348 | $20 | $104 | $1,072 | $89 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can influence prices considerably.
Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $22 more each month or $264 annually than choosing the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you usually have at least 18 months between claims, you would probably be better off if you decide on a higher deductible.
How to calculate when to raise deductibles
| Average monthly premium for $100 deductibles: | $108 |
| Average monthly premium for $500 deductibles (subtract): | – $86 |
| Monthly savings from raising deductible: | $22 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $22 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 18 months |
One thing to note is that increasing deductibles to save money means you will have to pay more out-of-pocket when you have a comprehensive or collision claim. You need enough extra money in order to pay the deductible for vehicle repair.
Hyundai Sonata insurance costs by gender and age
The diagram below visualizes the comparison of Hyundai Sonata premium costs for male and female drivers. Data assumes no claims or driving violations, full coverage, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
Rate comparison of full coverage and liability-only
The example below illustrates the difference between Hyundai Sonata car insurance costs with and without full coverage. The price estimates are based on no accidents or driving violations, $1,000 deductibles, single status, and no other discounts are factored in.
When to eliminate full coverage
There is no definitive guideline of when to stop paying for comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your Hyundai Sonata book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $7,000 after paying the physical damage deductible. If premium cost is more than $700 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are some scenarios where eliminating full coverage is not financially feasible. If you haven’t satisfied your loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage.
Three reasons to insure your Hyundai vehicle
Even though it can be expensive, buying insurance serves an important purpose.
- Almost all states have mandatory insurance requirements which means you are required to carry a specific minimum amount of liability protection in order to drive the car legally. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Sonata has a lienholder, almost every bank will make it a condition of the loan that you carry insurance to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the lender will be forced to insure your Hyundai at an extremely high rate and force you to pay for it.
- Insurance protects your Hyundai Sonata and your assets. Insurance will pay for all forms of medical expenses that are the result of an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense 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, your insurance policy will pay to restore your vehicle to like-new condition.
The benefits of insuring your car greatly outweigh the cost, particularly if you ever have a claim. The average driver in Nevada is overpaying more than $865 each year so it’s important to compare rates at least once a year to be sure current rates are still competitive.
Discount Henderson auto insurance quotes
Auto insurance is not an enjoyable expense, but there could be significant discounts to cut the cost considerably. Some of these discounts will be visible at the time of purchase, but less common discounts must be manually applied prior to receiving the credit. If you check and find you aren’t receiving every discount you deserve, you may be paying too high a price.
- Paperless Signup – A handful of auto insurance companies will provide an incentive for completing your application on your computer.
- Include Life Insurance and Save – Larger insurance companies have a break if you buy a life policy as well.
- Pay Early and Save – If you can afford to pay the entire bill rather than paying monthly you may reduce your total bill.
- Good Student Discount – Getting good grades can save 20 to 25%. The discount lasts well after school through age 25.
- Safe Driver Discount – Insureds without accidents could pay up to 40% less compared to rates paid by drivers with frequent claims.
- Memberships – Belonging to a civic or occupational organization in Henderson is a good way to get lower rates on your bill.
- No Claims – Insureds with no claims or accidents can save substantially in comparison to policyholders that have many claims.
- ABS and Traction Control Discounts – Cars with ABS braking systems or traction control can stop better under adverse conditions and earn discounts up to 10%.
- No Charge for an Accident – Not a discount per se, but companies like Allstate and State Farm will let one accident slide before your rates go up as long as you don’t have any claims for a particular time prior to the accident.
You should keep in mind that some of the credits will not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Even though it may seem like having all the discounts means you get insurance for free, it doesn’t quite work that way.
The illustration below shows the difference between Hyundai Sonata yearly insurance costs with and without some available policy discounts. The premiums are based on a male driver, no claims or violations, Nevada 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, safe-driver, marriage, multi-policy, claim-free, and multi-car discounts applied.
A list of auto insurance companies and the discounts they provide can be read below.
- Mercury Insurance offers discounts for location of vehicle, accident-free, annual mileage, anti-theft, low natural disaster claims, and age of vehicle.
- Farmers Insurance discounts include multi-car, business and professional, bundle discounts, mature driver, and good student.
- Farm Bureau policyholders can earn discounts including renewal discount, driver training, multi-policy, good student, 55 and retired, and safe driver.
- State Farm has discounts for safe vehicle, Drive Safe & Save, Steer Clear safe driver discount, good student, and accident-free.
- Allstate includes discounts for EZ pay plan discount, anti-theft, utility vehicle, farm vehicle, good payer, and resident student.
- GEICO offers premium reductions for air bags, anti-lock brakes, good student, daytime running lights, five-year accident-free, and defensive driver.
If you are trying to find cheaper Henderson car insurance quotes, ask every company how you can save money. Some discounts might not apply in your state. If you would like to choose from a list of auto insurance companies with the best discounts in Nevada, click here.
Local Henderson auto insurance agents and car insurance
Some consumers still like to sit down with an agent and there is nothing wrong with that. Most agents are trained risk managers and give you someone to call. The biggest benefit of comparing rates online is that drivers can save money and get lower rates but still work with a licensed agent.
After filling out this simple form, the quote information is emailed to local insurance agents who will give you quotes for your business. You won’t need to find an agent since price quotes are sent to your email. If you wish to get a price quote from a specific company, you just need to go to their quote page and give them your coverage information.
Picking an insurance company is decision based upon more than just the price. A good agent in Henderson will have answers to these questions.
- Are claims handled at the agent’s location?
- Does the agent recommend any additional coverage?
- What insurance companies do they recommend if they are an independent agent?
- Are you getting all the discounts the company offers?
- Which companies can they place coverage with?
- Is the agent and/or agency licensed to do business in Nevada?
Is an exclusive or independent auto insurance agent right for you?
When researching a reputable insurance agent or broker, it’s helpful to know the types of insurance agents and how they are distinctly different. Agents are either independent agents or exclusive agents. Both can insure your vehicles, but it’s worth mentioning why they differ because it can influence your agent selection.
Exclusive Agencies
Agents that elect to be exclusive are contracted to one company and some examples include State Farm or Allstate. These agents are not able to provide rate quotes from other companies so you need to shop around if the rates are high. Exclusive agencies are trained well on sales techniques which aids in selling service over price. Consumers often buy from the same agent for years partially due to the prominence of the brand and strong financial ratings.
Listed below is a short list of exclusive insurance agents in Henderson willing to provide rate quotes.
- Karen Wright – State Farm Insurance Agent
213 N Stephanie St f – Henderson, NV 89074 – (702) 260-9800 – View Map - J.J. Tucker – State Farm Insurance Agent
10890 S Eastern Ave #115 – Henderson, NV 89052 – (702) 616-1000 – View Map - Carol Drake – State Farm Insurance Agent
1913 N Green Valley Pkwy – Henderson, NV 89074 – (702) 361-0300 – View Map
Independent Car Insurance Agencies
These agents often have many company appointments and that enables them to quote your coverage with any number of different companies and potentially find a lower price. If premiums increase, the business is moved internally which is easy for the insured.
When comparing rates, you need to compare prices from several independent agencies to have the best price comparison. Most can insure with lesser-known insurance companies who may have lower rates.
Listed below is a short list of independent insurance agents in Henderson that are able to give rate quotes.
- High Desert Insurance Agency
140 E Horizon Dr – Henderson, NV 89015 – (702) 558-8587 – View Map - American National Insurance Morgan Agency LLC, Jarod Morgan
1120 Wigwam Pkwy #100 – Henderson, NV 89052 – (702) 430-7764 – View Map - Paradigm Insurance Agency
170 S Green Valley Pkwy #300 – Henderson, NV 89012 – (702) 522-0730 – View Map
Once you have received reasonable responses to your questions and locked in a price quote, you may have found an insurance agent that is professional and can provide car insurance coverage.
Persistence pays off
People who switch companies do it for a number of reasons such as unfair underwriting practices, delays in paying claims, high rates after DUI convictions or an unsatisfactory settlement offer. Regardless of your reason, finding the right car insurance provider is pretty easy and you might even save some money in the process.
We’ve covered quite a bit of information on how to save on Hyundai Sonata insurance in Henderson. The most important thing to understand is the more times you quote, the better chance you’ll have of finding inexpensive Henderson car insurance quotes. You may even be surprised to find that the lowest priced car insurance comes from a small mutual company.
Some companies do not offer internet price quotes and many times these small insurance companies provide coverage only through independent agents. More affordable car insurance in Henderson is available online and from local insurance agents, so compare prices from both in order to have the best chance of saving money.
Steps to finding affordable quotes for Hyundai Sonata insurance in Henderson
If you want to save the most money, the best way to find cheaper auto insurance rates is to compare quotes once a year from companies who provide auto insurance in Henderson.
- Get a basic knowledge of how your policy works and the steps you can take to prevent high rates. Many policy risk factors that result in higher prices such as tickets, at-fault accidents, and a bad credit score can be rectified by improving your driving habits or financial responsibility.
- Quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from a single company like Progressive or Allstate, while independent agents can quote prices for many different companies.
- Compare the new quotes to the price on your current policy to see if cheaper Sonata coverage is available. If you find a lower rate, make sure coverage does not lapse between policies.
One key aspect when comparing rates is to use similar deductibles and liability limits on every price quote and and to get prices from every insurance company. This ensures an accurate price comparison and a good representation of prices.
More information is available at these links:
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Who Has the Cheapest Henderson Car Insurance Rates for Teachers? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Used Cars in Henderson? (FAQ)
- Who Has Cheap Auto Insurance Rates for a Chevrolet Silverado in Henderson? (FAQ)
- Who Has Cheap Car Insurance for Teenage Males in Henderson? (FAQ)
- How Much are Auto Insurance Rates for Safe Drivers in Henderson? (FAQ)
- Who Has the Cheapest Auto Insurance for College Students in Henderson? (FAQ)
- Should I Buy a New or Used Car? (Allstate)
- Young Drivers: The High Risk Years Video (iihs.org)
- Vehicle Insurance (Wikipedia)
- Insurance losses by make and model (Insurance Institute for Highway Safety)