Compare Hyundai Accent Insurance Rates in San Francisco

Unbelievably, the vast majority of consumers have bought car insurance from the same company for four years or more, and almost 40% of drivers have never compared car insurance rates at all. With the average premium in California being $1,387, drivers could save approximately 35% each year by just shopping around, but most tend to underestimate the amount of savings they would get if they switch to a new company.

If your goal is the lowest price, then the best way to save money on Hyundai Accent insurance in San Francisco is to compare prices at least once a year from providers that insure vehicles in California.

First, spend some time learning about the coverage provided by your policy and the factors you can control to drop your rates. Many rating criteria that drive up the price such as your driving record and a substandard credit history can be remedied by making minor driving habit or lifestyle changes. Keep reading for the details to keep prices down and get additional discounts.

Second, get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like GEICO and State Farm, while agents who are independent can give you price quotes from multiple companies. View insurance agents

Third, compare the new rate quotes to the price on your current policy and see if there is a cheaper rate. If you find a lower rate and change companies, make sure there is no lapse in coverage.

A good tip to remember is that you’ll want to compare the same level of coverage on each quote and and to compare as many companies as you can. Doing this helps ensure the most accurate price comparison and a better comparison of the market.

Analysis of coverages

The price information shown below covers different insurance premium costs for Hyundai Accent models. Having a better understanding of how insurance quotes are figured can aid in making smart choices when comparing insurance quotes.

Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rates do not factor in San Francisco location which can modify price quotes considerably.

Insurance deductibles

When shopping for insurance, a common question is how high should the deductibles for physical damage be. The following insurance rates may help to conceptualize the rate fluctuation when you choose different policy deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Estimates do not factor in zip code location which can decrease or increase prices considerably.

We can estimate from the data above that using a $100 deductible will cost you roughly $30 more each month or $360 every year than selecting the higher $500 deductible. Since you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average more than 13 months between claims, you would save money if you elect the higher deductible.

The diagram below demonstrates how choosing different deductibles and can increase or decrease Hyundai Accent insurance prices for different age groups of insureds. The data assumes a married female driver, full coverage, and no discounts are applied.

How to Lower Your Insurance Costs

Smart consumers have a good feel for some of the elements that help determine the price you pay for insurance. When you understand what determines base rates, this empowers consumers to make smart changes that may reward you with big savings. Many factors are considered when you get your auto insurance bill. Some factors are common sense like a motor vehicle report, but some are more transparent like where you live or how financially stable you are.

The items below are some of the items utilized by car insurance companies to help set your prices.

Men are more aggressive – Statistics have proven women tend to be less risk to insure than men. Now that doesn’t mean women are BETTER drivers than men. Both genders are in at-fault accidents at about the same rate, but the males cause more damage and cost insurance companies more money. Men also have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly.

The chart below visualizes the comparison of Hyundai Accent auto insurance rates for male and female drivers. The premiums are based on no claims or driving citations, comprehensive and collision coverage, $500 deductibles, marital status is single, and no discounts are factored in.

Limits of liability protection – Your insurance policy’s liability coverage is the protection if ever you are responsible for damages from an accident. It provides you with a defense in court which can cost thousands of dollars. Liability insurance is pretty cheap compared to other policy coverages, so drivers should carry high limits.

How many coverages with the same company – Lots of insurance companies afford discounts to clients who buy several policies from them in the form of a multi-policy discount. Even if you already get this discount, consumers should still compare other San Francisco Accent insurance rates to ensure the best deal. You may still save more without the discount by buying from different companies

File claims and pay more – If you frequently file small claims, you shouldn’t be surprised to get either a policy non-renewal or much higher rates. Companies in California provide better rates to drivers who are not frequent claim filers. Your insurance policy is designed for the bigger claims that can’t be paid out-of-pocket.

Credit score impacts premium costs – Having a good credit score is a large factor in calculating your premium rate. Insureds with very good credit scores tend to file fewer claims and have better driving records than those with poor credit. If your credit history is not that good, you could potentially save money when insuring your Hyundai Accent by improving your rating.

Marriage can lower premiums – Walking down the aisle may earn you lower rates compared to being single. Having a significant other translates into being more mature it has been statistically shown that married drivers tend to have fewer serious accidents.

Hyundai Accent claim data – Auto insurance companies use past insurance losses in order to profitably underwrite each model. Vehicles that are shown to have higher claim frequency or loss amount will be charged more to insure. The table below shows the loss history for Hyundai Accent vehicles.

For each policy coverage, the loss probability for all vehicles, as a total average, is a value of 100. Values that are below 100 suggest a positive loss record, while percentages above 100 indicate more frequent claims or an increased likelihood of larger losses.

Persistence is the key to cheap rates

We just presented many ways to get a better price on Hyundai Accent insurance in San Francisco. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may even be surprised to find that the most savings is with a lesser-known regional company.

People change insurance companies for many reasons like denial of a claim, poor customer service, policy non-renewal and lack of trust in their agent. It doesn’t matter why you want to switch finding a great new company can be easy and end up saving you some money.

When you buy San Francisco auto insurance online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are many occasions where drivers have reduced physical damage coverage and learned later that the small savings ended up costing them much more. Your goal is to buy the best coverage you can find at the lowest possible cost, but don’t skip important coverages to save money.

Additional detailed information can be found in these articles:

• How to Avoid Staged Accidents (State Farm)
• What Car Insurance is Cheapest in San Francisco, California? (FAQ)
• Who Has Affordable San Francisco Auto Insurance for College Graduates? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for a Honda Accord in San Francisco? (FAQ)
• How Much are Car Insurance Quotes for Seniors in San Francisco? (FAQ)
• What are my Rights when Filing a Claim? (Insurance Information Institute)
• Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
• Insuring a Leased Car (Insurance Information Institute)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)