Save Money on Hyundai Santa Fe Insurance in Raleigh

Smart shoppers know that insurance companies want to keep you from comparing prices. People who shop around for the cheapest rate will probably switch car insurance companies because there is a great chance of finding a policy with better rates. Surprisingly, a recent survey revealed that drivers who compared prices once a year saved $3,450 over four years compared to policyholders who never shopped around for cheaper prices.

If finding the best rates on Hyundai Santa Fe insurance in Raleigh is the reason you’re here, then having a grasp of the best way to compare cheaper coverage can save time, money, and frustration.

Insurance quote for Hyundai Santa Fe in RaleighIf saving money is your primary concern, then the best way to find better pricing on Hyundai Santa Fe insurance in Raleigh is to compare prices regularly from different companies who provide car insurance in North Carolina. You can shop around by following these steps.

Step 1: Spend a few minutes and learn about what is in your policy and the things you can change to prevent high rates. Many rating factors that are responsible for high rates like at-fault accidents, careless driving, and bad credit can be controlled by being financially responsible and driving safely.

Step 2: Compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from a single company like Progressive or State Farm, while independent agents can provide rate quotes from multiple sources.

Step 3: Compare the new rate quotes to the price on your current policy to see if you can save by switching companies. If you can save money, make sure coverage does not lapse between policies.

A good tip to remember is that you’ll want to compare identical limits and deductibles on every price quote and and to get quotes from every company you can. This ensures a level playing field and a complete price analysis.

Why Informed Consumers Pay Less for Hyundai Santa Fe Insurance

Lots of things are considered when you get your auto insurance bill. A few of the factors are predictable such as your driving history, although some other factors are more obscure such as your marital status or how safe your car is. It’s important that you understand the rating factors that are used to determine your insurance rates. If you have some idea of what impacts premium levels, this helps enable you to make changes that may result in better insurance rates.

The following are a few of the “ingredients” companies use to determine your premiums.

File policy claims and pay more – Auto insurance companies in North Carolina award cheaper rates to drivers that do not abuse their auto insurance. If you tend to file frequent claims, you can pretty much guarantee much higher rates or policy non-renewal. Auto insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.

Liability insurance safeguards assets – Liability coverage will provide protection if a court rules you are at fault for personal injury or accident damage. Your liability coverage provides legal defense to attempt to prove you were not liable. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.

Big city or small town – Residing in a rural area is a good thing when it comes to insurance. Less people living in that area means less chance of accidents as well as less vandalism and auto theft. City drivers regularly have more traffic problems and higher rates of accident claims. More time commuting can result in more accidents.

Credit rating impacts costs – Your credit rating factor in your rate calculation. Insureds with high credit scores tend to be better drivers and file fewer claims than drivers who have worse credit. If your credit rating can be improved, you could be paying less to insure your Hyundai Santa Fe by spending a little time repairing your credit.

Loss probability for a Hyundai Santa Fe – Companies analyze the history of losses as a way to help calculate a profitable premium rate. Models that the data shows to have increased losses will cost more to insure. The data below shows the compiled insurance loss statistics for Hyundai Santa Fe vehicles.

For each type of coverage, the claim probability for all vehicles averaged together is equal to 100. Values under 100 mean the vehicle has better than average losses, while values that are above 100 indicate frequent claims or larger claims.

Car Insurance Loss Data for Hyundai Santa Fe Models
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Santa Fe 4dr 2WD 91 94 82 86 92 91
Hyundai Santa Fe 4dr 4WD 109 115 97 96 84 94
Hyundai Santa Fe Sport 4dr 2WD 88 90 93 90 89 93
Hyundai Santa Fe Sport 4dr 4WD 95 91 110 90 96 84

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Rates and information analytics

The data table shown next outlines estimates of rate quotes for Hyundai Santa Fe models. Knowing how insurance quotes are figured is important for drivers to make informed decisions when comparing rates.

Hyundai Santa Fe Insurance Rates in Raleigh, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $170 $356 $256 $16 $76 $874 $73
Santa Fe GLS 4WD $194 $356 $256 $16 $76 $898 $75
Santa Fe SE 2WD $194 $356 $256 $16 $76 $898 $75
Santa Fe Limited 2WD $194 $420 $256 $16 $76 $962 $80
Santa Fe SE 4WD $194 $420 $256 $16 $76 $962 $80
Santa Fe Limited 4WD $220 $420 $256 $16 $76 $988 $82
Get Your Own Custom Quote Go

Above prices assume married 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, multi-vehicle, and claim-free. Price estimates do not factor in vehicle location which can raise or lower coverage prices greatly.

Policy deductible comparison

One frequently asked question is how high should your deductibles be. The data tables below may aid in understanding the price difference between low and high insurance deductibles. The first rate quote example uses a $100 deductible for comprehensive and collision coverage and the second price table uses a $1,000 deductible.

Hyundai Santa Fe insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $186 $386 $250 $14 $74 $935 $78
Santa Fe GLS 4WD $214 $386 $250 $14 $74 $963 $80
Santa Fe SE 2WD $214 $386 $250 $14 $74 $963 $80
Santa Fe Limited 2WD $214 $456 $250 $14 $74 $1,033 $86
Santa Fe SE 4WD $214 $456 $250 $14 $74 $1,033 $86
Santa Fe Limited 4WD $242 $456 $250 $14 $74 $1,061 $88
Get Your Own Custom Quote Go

Hyundai Santa Fe insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $104 $204 $250 $14 $74 $646 $54
Santa Fe GLS 4WD $118 $204 $250 $14 $74 $660 $55
Santa Fe SE 2WD $118 $204 $250 $14 $74 $660 $55
Santa Fe Limited 2WD $118 $240 $250 $14 $74 $696 $58
Santa Fe SE 4WD $118 $240 $250 $14 $74 $696 $58
Santa Fe Limited 4WD $134 $240 $250 $14 $74 $712 $59
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Premium costs do not factor in your specific Raleigh location which can modify coverage rates noticeably.

Based on this data, using a $100 deductible will cost you about $26 more each month or $312 each year than choosing the higher $1,000 deductible. Because you would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 35 months between claim filings, you would more than likely save some money if you choose a higher deductible. The table below shows a better example of how you can come to your own conclusion.

Average monthly premium for $100 deductibles: $83
Average monthly premium for $1,000 deductibles (subtract): – $57
Monthly savings from raising deductible: $26
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 35 months

One important issue to know is that higher deductibles results in having to pay to pay more out-of-pocket when you have a claim. You must have some money saved in order to pay the deductible to have repairs made.

How violations and accidents impact rates

The example below shows how speeding tickets and accident claims can impact Hyundai Santa Fe insurance costs for different ages of insureds. Data assumes a single male driver, full coverage, $100 deductibles, and no discounts are applied to the premium.

Don’t overlook these Hyundai Santa Fe insurance discounts

Companies offering auto insurance do not advertise every discount available in an easy-to-find place, so the next list breaks down a few of the more common as well as the least known discounts that you can inquire about if you buy Raleigh car insurance online.Save money with discounts

As is typical with insurance, some credits don’t apply to all coverage premiums. Some only apply to the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears you could get a free auto insurance policy, you won’t be that lucky.

The chart below shows the comparison of Hyundai Santa Fe auto insurance rates with and without discounts applied. The information is based on a female driver, no accidents or driving violations, North Carolina state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, homeowner, multi-car, and safe-driver discounts applied.

If you would like to view insurance companies who offer auto insurance discounts in North Carolina, follow this link.

Ratings for North Carolina auto insurance companies

Buying coverage from the top insurer can be difficult considering how many companies sell coverage in Raleigh. The ranking data shown next could help you pick which coverage providers to look at comparing prices from.

Top 10 Raleigh Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Keep this in mind when shopping around

Lower-priced Hyundai Santa Fe insurance in Raleigh can be sourced online as well as from independent agents in Raleigh, so you need to quote Raleigh car insurance with both in order to have the best chance of saving money. There are still a few companies who do not provide online quoting and these smaller providers sell through independent agencies.

We’ve covered many ways to lower your Hyundai Santa Fe insurance prices in Raleigh. The key concept to understand is the more providers you compare, the higher the chance of saving money. You may even find the best price on insurance is with an unexpected company. They can often provide lower rates in certain areas than their larger competitors like GEICO and State Farm.

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