How to Compare Colorado Springs Hyundai Tucson Insurance

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Insurance for Hyundai TucsonThe preferred way to quote cheaper Hyundai Tucson insurance in Colorado Springs is to compare prices regularly from insurance carriers in Colorado.

  1. Try to learn about car insurance and the measures you can take to keep rates low. Many things that result in higher prices like accidents, careless driving, and poor credit can be controlled by paying attention to minor details. This article provides the details to keep prices down and earn larger discounts.
  2. Request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like GEICO and State Farm, while independent agencies can give you price quotes for many different companies.
  3. Compare the new rates to your existing policy to see if cheaper Tucson coverage is available in Colorado Springs. If you find a lower rate and buy the policy, make sure there is no coverage gap between policies.
  4. Provide written notification to your current company of your intention to cancel your current auto insurance policy and submit a completed application and payment to your new carrier. As soon as you have the new policy, place the new certificate verifying coverage along with the vehicle's registration papers.

An important part of this process is to compare similar limits and deductibles on every price quote and and to look at as many companies as feasibly possible. This ensures a fair price comparison and the best rate selection.

It's an obvious assumption that car insurance companies don't want you to look for a cheaper policy. Consumers who shop around for the cheapest price are likely to buy a new policy because there is a great chance of finding lower rate quotes. A study showed that people who regularly shopped around saved as much as $860 a year compared to policyholders who never compared rates.

If finding the cheapest price on car insurance in Colorado Springs is your intention, then understanding the best way to shop and compare insurance can save time and make the process easier.

How to Lower Your Insurance Premiums

Many things are used when you get a price on insurance. Some of the criteria are obvious like your driving record, although others are more obscure such as whether you are married and annual miles driven. Consumers need to have an understanding of a few of the rating criteria that help determine the price you pay for car insurance. If you understand what determines premiums, this empowers consumers to make smart changes that may result in lower rates.

Teen drivers are expensive to insure - More mature drivers tend to be more responsible, cause fewer claims and accidents, and receive fewer citations. Teen drivers tend to be careless and easily distracted with other occupants in the car so car insurance rates are higher.

The following data uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.

Rates increase with driving citations - Even one ticket may cause rates to rise twenty percent or more. Drivers with clean records get better prices as compared to those with violations. Drivers who have received careless tickets like DUI or reckless driving may be required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to prevent their license from being revoked.

The diagram below highlights how speeding tickets and at-fault collisions drive up Hyundai Tucson car insurance rates for each age group. The information is based on a single male driver, comp and collision included, $500 deductibles, and no policy discounts are applied.

Allowing your car insurance to lapse raises rates - Driving with no insurance can get you a ticket and companies may charge more for letting your insurance lapse. In addition to paying higher rates, failure to provide proof of insurance could earn you a license revocation or jail time. You may need to provide proof of insurance in the form of an SR-22 filing with the Colorado motor vehicle department to get your license reinstated.

Alarm systems save money - Buying a car with a theft deterrent system can earn a premium discount. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent car theft and help bring rates down.

Insurance loss data for Hyundai Tucson vehicles - Insurers use statistical claims data to calculate a price that will offset any claims. Models that statistically have higher prevalence or dollar amount of losses will have higher rates for specific coverages. The table below illustrates the compiled insurance loss statistics for Hyundai Tucson vehicles.

For each type of coverage, the claim amount for all vehicles, as an average, is set at 100. Values that are below 100 indicate a favorable loss history, while values over 100 point to more claims or an increased chance of a larger loss.

Hyundai Tucson Insurance Loss Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Tucson 4dr 2WD 80 96 66 108 110 101
Hyundai Tucson 4dr 4WD 82 102 70 109 109 109
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

The best way we recommend to get policy rate comparisons for Hyundai Tucson insurance in Colorado Springs utilizes the fact auto insurance companies will pay a fee to give rate comparisons. The only thing you need to do is take a few minutes to give details such as types of safety features, distance driven, what you do for a living, and your credit rating estimate. Those rating factors is then sent to multiple companies and you receive quotes within a short period of time.

To compare multiple company cheaper Hyundai Tucson insurance rates now, click here and find out if lower rates are available in Colorado Springs.

The providers in the list below offer free rate quotes in Colorado. If your goal is to find the cheapest car insurance in Colorado Springs, CO, it's highly recommended you click on several of them in order to get a fair rate comparison.

Hyundai Tucson insurance rate analysis

The coverage information displayed next showcases detailed analysis of insurance prices for Hyundai Tucson models. Learning as much as possible about how auto insurance prices are formulated can help drivers make decisions on the best policy coverages.

Hyundai Tucson Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tucson GLS 2WD $166 $236 $460 $28 $138 $1,028 $86
Tucson GLS 4WD $192 $236 $460 $28 $138 $1,054 $88
Tucson Limited 2WD $192 $288 $460 $28 $138 $1,106 $92
Tucson Limited 4WD $192 $288 $460 $28 $138 $1,106 $92
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Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Information does not factor in specific location which can influence insurance rates noticeably.

Can higher deductibles save money?

When buying insurance, a common question is which deductibles should you choose. The comparison tables below may help to illustrate the rate fluctuation when you select higher and lower insurance deductibles. The first price estimate table uses a $100 comprehensive and collision deductible and the second price table uses a $1,000 deductible.

Hyundai Tucson insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tucson GLS 2WD $264 $448 $352 $20 $106 $1,215 $101
Tucson GLS 4WD $302 $448 $352 $20 $106 $1,253 $104
Tucson Limited 2WD $302 $546 $352 $20 $106 $1,351 $113
Tucson Limited 4WD $302 $546 $352 $20 $106 $1,351 $113
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Hyundai Tucson insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tucson GLS 2WD $146 $236 $352 $20 $106 $860 $72
Tucson GLS 4WD $168 $236 $352 $20 $106 $882 $74
Tucson Limited 2WD $168 $288 $352 $20 $106 $934 $78
Tucson Limited 4WD $168 $288 $352 $20 $106 $934 $78
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium costs do not factor in your specific Colorado Springs location which can impact prices significantly.

We can derive from the above data that using a $100 deductible would cost the average driver about $32 more each month or $384 annually across all Hyundai Tucson models than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 28 months between claim filings, you would save money if you decide on a higher deductible.

Age, gender, and Hyundai Tucson insurance

The illustration below illustrates the difference between Hyundai Tucson insurance premiums for male and female drivers. The costs are based on a clean driving record, no claims, comprehensive and collision coverage, $500 deductibles, marital status is single, and no policy discounts are applied.

Cost comparison with and without full coverage

The illustration below visualizes the comparison of Hyundai Tucson car insurance costs with and without full coverage. The price estimates are based on no claims, a clean driving record, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

When to stop buying full coverage

There isn't a steadfast formula to drop full coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is more than 10% 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 say your Hyundai Tucson book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after you pay the deductible. If premiums are more than $200 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are some situations where dropping physical damage coverage is not recommended. If you still have a lienholder on your title, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

Why do I need car insurance?

Despite the fact that insurance is not cheap in Colorado Springs, insuring your vehicle serves an important purpose.

  • The majority of states have mandatory liability insurance requirements which means the state requires a minimum amount of liability protection if you don't want to risk a ticket. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
  • If you bought your Tucson with a loan, most lenders will make it mandatory that you carry insurance to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the bank will be required to insure your Hyundai at a much higher rate and require you to reimburse them the higher price.
  • Insurance preserves both your vehicle and your assets. It will also pay for all forms of medical expenses that are the result of an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if anyone sues you for causing an accident. If you have damage to your Hyundai as the result of the weather or an accident, your policy will cover the damage repairs after a deductible is paid.

The benefits of having insurance are without a doubt worth the cost, especially if you ever need it. According to a recent study, the average American driver overpays more than $810 a year so it's recommended you shop around at every renewal to ensure rates are inline.

Save with these rate reducing discounts

Auto insurance is not an enjoyable expense, but there may be some discounts that can dramatically reduce your bill. Certain reductions will be credited at the time you complete a quote, but a few need to be specifically requested prior to receiving the credit. If they aren't giving you every credit possible, you could be paying more than you need to.Auto insurance discounts

  • Theft Prevention Discount - Vehicles with anti-theft systems have a lower chance of being stolen and qualify for as much as a 10% discount.
  • Discounts for Seat Belt Usage - Buckling up and requiring all passengers to fasten their seat belts can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
  • Mature Driver Discount - Seniors can possibly qualify for lower premium rates.
  • Military Discounts - Having an actively deployed family member can result in better premium rates.
  • Passive Restraints - Vehicles equipped with air bags or automatic seat belts may get savings of 20 to 30 percent.
  • Low Miles Discount - Maintaining low annual mileage could earn better rates on cars that stay parked.
  • Claim-Free Discount - Drivers with accident-free driving histories pay much less compared to policyholders that have many claims.
  • First Accident Forgiveness - This one is not really a discount per se, but certain companies will let one accident slide without getting socked with a rate hike so long as you are claim-free for a set time period.
  • Student in College - College-age children who are enrolled in a college that is more than 100 miles from Colorado Springs without a vehicle on campus may be insured at a cheaper rate.

Discounts reduce rates, but you should keep in mind that most discount credits are not given to the whole policy. The majority will only reduce specific coverage prices like collision or personal injury protection. Despite the fact that it seems like having all the discounts means you get insurance for free, you're out of luck.

The illustration below shows the comparison of Hyundai Tucson auto insurance rates with and without discounts being applied to the rates. The premiums are based on a female driver, no violations or claims, Colorado state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, claim-free, multi-car, multi-policy, and safe-driver discounts applied.

A list of auto insurance companies and a summarized list of policyholder discounts are:

  • American Family offers premium reductions for air bags, bundled insurance, multi-vehicle, good driver, Steer into Savings, and early bird.
  • Farm Bureau offers discounts for 55 and retired, good student, renewal discount, multi-policy, multi-vehicle, and safe driver.
  • State Farm may include discounts for anti-theft, good driver, accident-free, defensive driving training, multiple policy, good student, and student away at school.
  • Travelers may have discounts that include multi-policy, multi-car, save driver, new car, payment discounts, home ownership, and good student.
  • The Hartford includes discounts for defensive driver, anti-theft, vehicle fuel type, driver training, bundle, and good student.
  • GEICO policyholders can earn discounts including air bags, emergency military deployment, multi-vehicle, seat belt use, driver training, and multi-policy.
  • Progressive has savings for online signing, continuous coverage, good student, multi-vehicle, multi-policy, and homeowner.

If you need affordable Hyundai Tucson insurance quotes, ask each insurance company which discounts you may be entitled to. Discounts may not apply to policyholders everywhere. To choose auto insurance companies who offer free Hyundai Tucson insurance quotes in Colorado Springs, follow this link.

Auto insurance agents can give valuable advice

Certain consumers would rather sit down and talk to an agent. Experienced insurance agents can help you build your policy and give you someone to call. An additional benefit of comparing rates online is the fact that you can find the lowest rates and still choose a local agent. And supporting local insurance agencies is important especially in Colorado Springs.

Colorado Springs insurance agentsAfter filling out this form (opens in new window), your insurance data is transmitted to companies in Colorado Springs who will give you bids to get your business. There is no need to even leave your home due to the fact that quote results will go directly to you. If you have a need to compare rates for a specific company, just go to their quote page to submit a rate quote request.

Selecting an provider requires you to look at more than just a low price. These are some valid questions you should ask.

  • In the event of vehicle damage, can you pick the collision repair facility?
  • Which insurance company do they prefer to write with?
  • Do they prorate repair cost based on vehicle mileage?
  • Which insurance companies are they affiliated with?
  • Is insurance their full-time profession?
  • Is every driver in your family covered?
  • Did they already check your driving record and credit reports?
  • Do they have a Better Business Bureau rating in Colorado Springs?

Persistence pays off

We've covered some good ideas how to get a better price on Hyundai Tucson insurance in Colorado Springs. The key thing to remember is the more providers you compare, the better chance you'll have of finding low cost Colorado Springs auto insurance quotes. Consumers could even find that the most savings is with a small mutual company. They may cover specific market segments cheaper than the large multi-state companies such as State Farm, GEICO and Nationwide.

Cost effective Hyundai Tucson insurance is definitely available online and also from your neighborhood Colorado Springs agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance companies don't offer the ability to get quotes online and these regional carriers prefer to sell through independent insurance agencies.

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