Unthinkable but true, most car insurance policyholders have purchased from the same company for at least the last four years, and nearly the majority have never even compared quotes to find affordable rates. Greensboro drivers can save hundreds of dollars each year, but they don’t want to take the time to find affordable rates by getting comparison quotes.
If you want to save money, the best way to find cheaper prices for Hyundai Sonata insurance in Greensboro is to compare prices regularly from insurers that insure vehicles in North Carolina.
Step 1: Spend a few minutes and learn about how companies price auto insurance and the measures you can take to prevent high rates. Many things that are responsible for high rates such as your driving record and a less-than-favorable credit rating can be amended by being financially responsible and driving safely. This article provides information to get cheaper rates and earn a bigger discount.
Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like GEICO or Allstate, while independent agents can quote rates for many different companies.
Step 3: Compare the new rate quotes to your current policy premium and see if there is a cheaper rate. If you find better rates and buy the policy, make sure coverage is continuous and does not lapse.
Step 4: Notify your company or agent to cancel your current auto insurance policy. Submit payment and a completed application for the new policy. As soon as you have the new policy, place the new certificate verifying coverage along with the vehicle’s registration papers.
A crucial key to this process is to use the same physical damage deductibles and liability limits on every quote and and to get prices from as many companies as possible. Doing this ensures the most accurate price comparison and and a good selection of different prices.
Compare Greensboro Hyundai Sonata insurance quotes online
Most major insurance companies like Allstate and Progressive allow consumers to get insurance quotes on the web. Obtaining pricing for Hyundai Sonata insurance in Greensboro is possible for anyone as all you need to do is type in the coverage amounts you desire into a form. After the form is submitted, their system pulls your driving and credit reports and quotes a price based on these and other factors.
This makes it simple to compare prices and it is important to do this in order to find cheaper car insurance pricing.
If you want to find out what other companies charge, check out the car insurance providers below. If you have a policy now, it’s recommended that you enter the limits and deductibles just like they are on your policy. Doing this assures you will be getting rate comparison quotes using the exact same coverages.
The car insurance companies shown below offer price quotes in Greensboro, NC. If multiple companies are listed, we recommend you get price quotes from several of them to find the most affordable car insurance rates.
Hyundai Sonata insurance rates and statistics
The data table shown below highlights different prices for Hyundai Sonata models. Understanding how rates are calculated is important for making decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $142 | $240 | $290 | $18 | $86 | $776 | $65 |
| Sonata GLS 4-Dr Sedan | $142 | $240 | $290 | $18 | $86 | $776 | $65 |
| Sonata GLS 4-Dr Sedan | $142 | $240 | $290 | $18 | $86 | $776 | $65 |
| Sonata SE 4-Dr Sedan | $142 | $284 | $290 | $18 | $86 | $820 | $68 |
| Sonata SE 4-Dr Sedan | $142 | $284 | $290 | $18 | $86 | $820 | $68 |
| Sonata Limited 4-Dr Sedan | $160 | $284 | $290 | $18 | $86 | $838 | $70 |
| Sonata Limited 4-Dr Sedan | $160 | $284 | $290 | $18 | $86 | $838 | $70 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Rates do not factor in Greensboro location which can alter coverage prices substantially.
Raise deductibles and save
The hardest decision when buying coverage is how high or low should comp and collision deductibles be. The figures shown below may help to illustrate the difference in cost between high and low policy deductibles. The first rate comparisons uses a $100 physical damage deductible and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $214 | $386 | $282 | $16 | $84 | $1,007 | $84 |
| Sonata GLS 4-Dr Sedan | $214 | $386 | $282 | $16 | $84 | $1,007 | $84 |
| Sonata GLS 4-Dr Sedan | $214 | $386 | $282 | $16 | $84 | $1,007 | $84 |
| Sonata SE 4-Dr Sedan | $214 | $456 | $282 | $16 | $84 | $1,077 | $90 |
| Sonata SE 4-Dr Sedan | $214 | $456 | $282 | $16 | $84 | $1,077 | $90 |
| Sonata Limited 4-Dr Sedan | $242 | $456 | $282 | $16 | $84 | $1,105 | $92 |
| Sonata Limited 4-Dr Sedan | $242 | $456 | $282 | $16 | $84 | $1,105 | $92 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $156 | $262 | $282 | $16 | $84 | $800 | $67 |
| Sonata GLS 4-Dr Sedan | $156 | $262 | $282 | $16 | $84 | $800 | $67 |
| Sonata GLS 4-Dr Sedan | $156 | $262 | $282 | $16 | $84 | $800 | $67 |
| Sonata SE 4-Dr Sedan | $156 | $308 | $282 | $16 | $84 | $846 | $71 |
| Sonata SE 4-Dr Sedan | $156 | $308 | $282 | $16 | $84 | $846 | $71 |
| Sonata Limited 4-Dr Sedan | $176 | $308 | $282 | $16 | $84 | $866 | $72 |
| Sonata Limited 4-Dr Sedan | $176 | $308 | $282 | $16 | $84 | $866 | $72 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price information does not factor in specific garaging location which can modify rates significantly.
Based on the figures above, using a $100 deductible costs approximately $18 more each month or $216 for a full year than requesting the higher $500 deductible. Because you would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 22 months between claim filings, you would probably save some money going with the higher deductible.
How to decide to raise your deductibles
| Average monthly premium for $100 deductibles: | $88 |
| Average monthly premium for $500 deductibles (subtract): | – $70 |
| Monthly savings from raising deductible: | $18 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $18 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 22 months |
The diagram below shows how choosing a deductible and can influence Hyundai Sonata insurance costs for different age groups. The information is based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.
Insurance rate increases from tickets or accidents
The illustration below illustrates how traffic citations and at-fault accidents can drive up Hyundai Sonata insurance costs for different ages of insureds. The rates are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.
Does it make sense to buy full coverage?
The chart below compares Hyundai Sonata insurance prices with and without full coverage. The premiums assume no claims, a clean driving record, $250 deductibles, drivers are not married, and no policy discounts are applied.
Should you be buying full coverage?
There is no set rule to exclude physical damage coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your Hyundai Sonata replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $6,000 after the policy deductible has been paid. If it’s costing you more than $600 a year for full coverage, then it could be time to drop full coverage.
There are some circumstances where removing full coverage is not recommended. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.
Are insurance agents a thing of the past?
Some people just prefer to sit down with an agent and that can be a smart move The biggest benefit of comparing rates online is the fact that drivers can get cheap auto insurance quotes but still work with a licensed agent.
To make it easy to find an agent, after completing this short form, your information is emailed to companies in Greensboro who will give you quotes for your insurance coverage. There is no need to contact any insurance agencies because prices are sent directly to your email. You can most likely find cheaper rates AND an agent nearby. If for some reason you want to compare rates for a specific company, you just need to search and find their rate quote page and fill out their quote form.
Choosing the best company is decision based upon more than just a cheap quote. Here are some questions you should ask.
- Do they have designations such as AIC, CPCU, or CIC?
- Is the agency covered by Errors and Omissions coverage?
- Can they provide you with a list of referrals?
- How much can you save by raising your physical damage deductibles?
- How does the company pay claims for a total loss?
- Do they have cheaper tiers of coverage?
- What companies can they write with?
- Are they full-time agents?
Below is a short list of insurers in Greensboro willing to provide rate quotes for Hyundai Sonata insurance in Greensboro.
- The Beacon Insurance Group
1515 W Cornwallis Dr Suite 206 – Greensboro, NC 27408 – (336) 378-0740 – View Map - Senn Dunn Insurance
3625 N Elm St – Greensboro, NC 27455 – (336) 272-7161 – View Map - Allstate Insurance: Kayode Abimbola
603 Summit Ave #101 – Greensboro, NC 27405 – (336) 273-6363 – View Map - Jim Young – State Farm Insurance Agent
1308 Wendover Ave E – Greensboro, NC 27405 – (336) 379-1040 – View Map