It’s well known that car insurance companies don’t want you to look at other companies. Drivers who compare other prices are highly likely to switch companies because they have good chances of finding good coverage at a lower price. A survey found that drivers who compared rates annually saved over $72 a month as compared to drivers who never shopped around for better prices.
If finding the cheapest price on auto insurance in Greensboro is your goal, then learning a little about the best way to shop and compare coverage rates can help make the process easier and more efficient.
If your goal is the lowest price, then the best way to get more affordable Hyundai Azera insurance is to do an annual price comparison from different companies in Greensboro.
- Try to learn about how your policy works and the factors you can control to prevent rate increases. Many rating factors that are responsible for high rates such as inattentive driving and a negative credit score can be remedied by making minor driving habit or lifestyle changes. This article provides more details to get low prices and get bigger discounts that may have been overlooked.
- Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from a single company like GEICO or State Farm, while independent agencies can quote rates from multiple companies.
- Compare the new quotes to your current policy to see if a cheaper rate is available. If you find a better price and decide to switch, ensure coverage does not lapse between policies.
- Notify your agent or company of your intent to cancel your current policy and submit payment and a completed application to your new company or agent. When you receive it, keep your new certificate verifying coverage somewhere easily accessible.
One key aspect when comparing rates is that you’ll want to make sure you compare the same physical damage deductibles and liability limits on each quote request and to quote with as many different companies as possible. Doing this enables a fair price comparison and the best price quote selection.
How much is Hyundai Azera insurance in Greensboro, NC?
The companies in the list below offer free quotes in North Carolina. If multiple companies are listed, it’s highly recommended you visit as many as you can to get a more complete price comparison.
Hyundai Azera insurance statistics and information
The rate information shown next highlights a range of insurance costs for Hyundai Azera models. Being aware of how insurance quotes are calculated is important for making informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Azera GLS 4-Dr Sedan | $210 | $524 | $302 | $18 | $90 | $1,144 | $95 |
| Azera Limited 4-Dr Sedan | $238 | $524 | $302 | $18 | $90 | $1,172 | $98 |
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Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Price information does not factor in Greensboro location which can alter premiums greatly.
How high should deductibles be?
One of the most common car insurance questions is how high should the deductibles for physical damage be. The comparison tables below highlight the cost difference of buying low and high deductibles. The first data set uses a $250 deductible for physical damage and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Azera GLS 4-Dr Sedan | $192 | $382 | $250 | $14 | $74 | $937 | $78 |
| Azera Limited 4-Dr Sedan | $218 | $382 | $250 | $14 | $74 | $963 | $80 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Azera GLS 4-Dr Sedan | $118 | $240 | $250 | $14 | $74 | $696 | $58 |
| Azera Limited 4-Dr Sedan | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rates do not factor in specific garaging location which can decrease or increase insurance rates substantially.
Based on the data above, we can derive that using a $250 deductible could cost the average driver approximately $20 more each month or $240 for a full year across all Hyundai Azera models than requesting the higher $1,000 deductible. Since you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average more than 38 months between claim filings, you would probably save some money if you decide on a higher deductible.
Full coverage versus liability only rates
The information below illustrates the comparison of Hyundai Azera car insurance costs with liability coverage only compared to full coverage. The rates are based on no violations or claims, $1,000 deductibles, single marital status, and no discounts are applied.
When to drop full coverage
There is no set rule to stop buying physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your Hyundai Azera book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after the policy deductible has been paid. If you are paying in excess of $800 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are some cases where dropping full coverage is not a good plan. If you still have a lienholder on your title, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not remove full coverage.
Lower rate quotes on Hyundai Azera insurance in Greensboro with these discounts
The price of auto insurance can be rather high, but you may qualify for discounts to cut the cost considerably. Some of these discounts will be visible when you quote, but a few must be requested specifically before you get the savings. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.
- Early Switch Discount – Some insurance companies give discounts for renewing your policy early. You can save around 10% with this discount.
- New Car Discount – Insuring a new Azera can save up to 30% due to better safety requirements for new model year vehicles.
- Low Mileage Discounts – Maintaining low annual mileage could qualify for substantially lower prices.
- Professional Memberships – Being a member of qualifying clubs or civic groups is a simple method to lower premiums on your policy.
- Paper-free Discount – Many companies will give a small break for buying a policy and signing up over the internet.
- Accident Waiver – This one isn’t a discount, but some insurance companies will turn a blind eye to one accident without the usual rate increase so long as you are claim-free for a set time period.
- Policy Bundle Discount – When you combine your auto and home insurance with the same insurance company they may give you a discount of up to 20% off your total Azera insurance premium.
- Anti-theft Discount – Cars and trucks optioned with advanced anti-theft systems have a lower chance of being stolen and therefore earn up to a 10% discount.
- Own a Home – Simply owning a home can help you save on car insurance since owning and maintaining a home demonstrates responsibility.
Discounts lower rates, but most credits do not apply to the whole policy. Most only apply to the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like all the discounts add up to a free policy, companies don’t profit that way. But all discounts will lower your policy cost.
The information below illustrates the comparison of Hyundai Azera insurance rates with and without discounts applied to the premium. The premiums assume a male driver, no accidents, no driving violations, North Carolina state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, homeowner, multi-car, claim-free, and multi-policy discounts applied.
To choose insurers that offer many of these discounts in North Carolina, click here to view.
Protect more than your vehicle
Even though it can be expensive, insuring your vehicle may be mandatory for several reasons.
- Most states have minimum liability requirements which means state laws require specific minimum amounts of liability if you don’t want to risk a ticket. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Azera has a loan, more than likely the lender will make it a condition of the loan that you have physical damage coverage to guarantee their interest in the vehicle. If the policy lapses, the lender may insure your Hyundai at a much higher rate and force you to pay for it.
- Car insurance protects not only your Hyundai but also your financial assets. Insurance will also pay for hospital and medical expenses for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, also covers legal expenses if you are sued as the result of an accident. If your car is damaged in a storm or accident, your policy will pay to have it repaired.
The benefits of having insurance definitely exceed the price paid, especially for larger claims. According to a recent study, the average American driver overpays as much as $825 a year so it’s recommended you shop around at least once a year to ensure rates are competitive.
Greensboro car insurance companies ranked
Choosing a good quality company can be rather challenging considering how many different companies there are to choose from in North Carolina. The ranking information displayed below may help you select which insurers you want to consider purchasing a policy from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Local agents and insurance
Some consumers still like to get advice from a local agent and there is nothing wrong with that. Most agents will help you protect your assets and help in the event of a claim. The best thing about getting free rate quotes online is you can get the lowest rates and also buy local.
To help locate an agent, after submitting this quick form, your coverage information is submitted to companies in Greensboro who can give free rate quotes to get your business. There is no need to do any legwork as quotes are delivered instantly to you. If you have a need to get a price quote from a specific company, just navigate to their website and complete a quote there.
Picking an insurance company is decision based upon more than just a low price. Here are some questions you might want to ask.
- Will they give you a referral list?
- Are they giving you every discount you deserve?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Do they see any coverage gaps in your plan?
- Do they offer claims assistance after hours?
- How are they compensated?
- Does the agency have a current Errors and Omissions policy?