Affordable Insurance for a Hyundai Sonata in Colorado Springs

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Hyundai Sonata insurance cost
Hyundai Sonata insurance cost image courtesy of QuoteInspector.com

Are you drained from paying out the nose to pay your auto insurance bill each month? You have the same problem as most other vehicle owners in Colorado.

Insurance rates Hyundai Sonata in Colorado SpringsUnbelievably, most auto insurance customers kept their coverage with the same auto insurance company for four years or more, and just short of a majority have never compared auto insurance rates at all. Colorado Springs insurance shoppers could save themselves approximately $610 a year by just shopping around, but they feel it's too difficult to go online and compare rates.

How to find affordable quotes for Hyundai Sonata insurance in Colorado Springs

The recommended way to get cheaper Hyundai Sonata insurance in Colorado Springs is to compare prices once a year from insurers who sell insurance in Colorado.

  • First, try to learn about auto insurance and the measures you can control to drop your rates. Many rating criteria that drive up the price like at-fault accidents, speeding tickets, and a negative credit rating can be controlled by making small lifestyle or driving habit changes.
  • Second, compare rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or State Farm, while agents who are independent can quote prices for many different companies.
  • Third, compare the new quotes to the price on your current policy and determine if cheaper Sonata coverage is available in Colorado Springs. If you find better rates and make a switch, make sure there is no lapse in coverage.

An important note is to make sure you enter the same amount of coverage on each quote request and and to get rates from as many different companies as possible. Doing this ensures an accurate price comparison and the most accurate and complete price analysis.

Companies like GEICO, 21st Century and Progressive continually hit you with ads and it can be hard to not get sucked in by the cute commercials and find the best price available.

Consumers should take time to do price comparisons once or twice a year because prices go up and down regularly. Despite the fact that you may have had the best rate on Hyundai Sonata insurance in Colorado Springs a year ago you can probably find a lower rate today. Forget anything you know (or think you know) about auto insurance because you're about to learn the quickest way to find better rates and still maintain coverage.

If you are already insured or are looking for a new policy, you can learn to save money and possibly find even better coverage. Finding the cheapest auto insurance coverage in Colorado Springs can really be easy if you know what you're doing. Drivers just need to learn the proper way to compare company rates from many different companies online.

Reducing your Hyundai Sonata insurance rates is actually easier than you may think. Drivers just need to spend a few minutes on the computer comparing rate quotes to discover which company has low cost Colorado Springs auto insurance quotes.

It's so simple to compare insurance quotes online takes the place of having to physically go to and from local Colorado Springs insurance agencies. Quoting and buying Hyundai Sonata insurance online makes this process obsolete unless you prefer the professional advice that you can only get from talking to an agent. Some companies do allow you to compare online quotes but still have the advice of a local agent.

The car insurance companies shown below provide price comparisons in Colorado Springs, CO. If your goal is to find cheap car insurance in Colorado Springs, CO, we suggest you visit two to three different companies in order to get a fair rate comparison.

Data for Hyundai Sonata insurance

The rate information shown below outlines estimates of rate quotes for Hyundai Sonata models. Knowing how car insurance prices are formulated can assist in making smart choices when choosing a car insurance company.

Hyundai Sonata Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $290 $616 $516 $30 $154 $1,606 $134
Sonata GLS 4-Dr Sedan $290 $616 $516 $30 $154 $1,606 $134
Sonata GLS 4-Dr Sedan $290 $616 $516 $30 $154 $1,606 $134
Sonata SE 4-Dr Sedan $290 $726 $516 $30 $154 $1,716 $143
Sonata SE 4-Dr Sedan $290 $726 $516 $30 $154 $1,716 $143
Sonata Limited 4-Dr Sedan $328 $726 $516 $30 $154 $1,754 $146
Sonata Limited 4-Dr Sedan $328 $726 $516 $30 $154 $1,754 $146
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Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Rate quotes do not factor in specific Colorado Springs garaging location which can decrease or increase coverage rates substantially.

Deductible comparison

When comparing insurance rates, the most common question is how high or low should comp and collision deductibles be. The comparisons below sum up the price difference when you buy lower versus higher policy deductibles. The first price estimate table uses a $250 physical damage deductible and the second rate chart uses a $1,000 deductible.

Hyundai Sonata insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $272 $458 $396 $24 $118 $1,293 $108
Sonata GLS 4-Dr Sedan $272 $458 $396 $24 $118 $1,293 $108
Sonata GLS 4-Dr Sedan $272 $458 $396 $24 $118 $1,293 $108
Sonata SE 4-Dr Sedan $272 $538 $396 $24 $118 $1,373 $114
Sonata SE 4-Dr Sedan $272 $538 $396 $24 $118 $1,373 $114
Sonata Limited 4-Dr Sedan $306 $538 $396 $24 $118 $1,407 $117
Sonata Limited 4-Dr Sedan $306 $538 $396 $24 $118 $1,407 $117
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Hyundai Sonata insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $168 $288 $396 $24 $118 $994 $83
Sonata GLS 4-Dr Sedan $168 $288 $396 $24 $118 $994 $83
Sonata GLS 4-Dr Sedan $168 $288 $396 $24 $118 $994 $83
Sonata SE 4-Dr Sedan $168 $340 $396 $24 $118 $1,046 $87
Sonata SE 4-Dr Sedan $168 $340 $396 $24 $118 $1,046 $87
Sonata Limited 4-Dr Sedan $190 $340 $396 $24 $118 $1,068 $89
Sonata Limited 4-Dr Sedan $190 $340 $396 $24 $118 $1,068 $89
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rate quotes do not factor in specific zip code location which can decrease or increase price quotes greatly.

Based on the above data, using a $250 deductible costs an average of $26 more each month or $312 each year across all Hyundai Sonata models than opting for the higher $1,000 deductible. Since you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you have at least 29 months between claims, you would save money if you decide on a higher deductible.

Comparison of full coverage and liability-only policies

The example below illustrates the comparison of Hyundai Sonata annual premium costs with full physical damage coverage and with liability coverage only. The rates are based on no claims or violations, $500 deductibles, drivers are single, and no additional discounts are factored in.

When to drop comprehensive and collision

There is no definitive guideline to stop buying physical damage coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.

For example, let's assume your Hyundai Sonata replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $7,000 after you pay the deductible. If you are paying over $700 a year for your policy with full coverage, then you might consider buying liability only.

There are a few cases where dropping physical damage coverage is not financially feasible. If you haven't paid off your loan, you have to carry full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not drop full coverage.

Why you need to buy car insurance

Despite the high cost of buying insurance for a Hyundai Sonata in Colorado Springs, insurance may be required for several reasons.

First, most states have mandatory liability insurance requirements which means you are required to carry specific limits of liability protection in order to drive the car. 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.

Second, if you have a loan on your vehicle, most lenders will make it mandatory that you have full coverage to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the bank will be required to insure your Hyundai at a significantly higher premium and force you to pay the higher price.

Third, car insurance preserves not only your Hyundai Sonata but also your assets. Insurance will also pay for medical transport and hospital expenses incurred in an accident. As part of your policy, liability insurance also pays for attorney fees and expenses in the event you are sued. If your Hyundai gets damaged, your policy will pay to repair the damage minus the deductible amount.

The benefits of having insurance outweigh the cost, specifically if you ever have a liability claim. The average driver in America is wasting up to $855 a year so you should quote rates every year to be sure current rates are still competitive.

Get cheaper rates on Hyundai Sonata insurance in Colorado Springs with these six insurance discounts

Companies don't list their entire list of discounts in an easy-to-find place, so the list below contains some of the best known in addition to some of the lesser obvious credits that may apply to you. If you do not double check each discount possible, you could be saving more on your insurance.Discount insurance

  • Driving Data Discount - Colorado Springs drivers who agree to allow driving data collection to study driving habits by using a telematics device in their vehicle such as Allstate's Drivewise and State Farm's In-Drive system may get a rate reduction if they have good driving habits.
  • Theft Prevention Discount - Vehicles that have factory alarm systems and tracking devices can help prevent theft and qualify for as much as a 10% discount.
  • Student Discount for Driver Training - Cut your cost by having your teen driver successfully take a driver's education course as it will make them better drivers and lower rates.
  • Homeowners Savings - Being a homeowner can help you save on insurance because of the fact that having a home is proof that your finances are in order.
  • Student Discounts - This discount may save as much as 25% on a Colorado Springs auto insurance quote. Most companies allow this discount well after school through age 25.
  • Pay Now and Pay Less - By paying your entire bill at once instead of making monthly payments you can avoid the installment charge.

Consumers should know that many deductions do not apply to the entire cost. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Even though the math looks like you would end up receiving a 100% discount, you're out of luck. But all discounts will positively reduce your policy premium.

The example below compares Hyundai Sonata car insurance costs with and without discounts applied to the policy rates. The price estimates are based on a male driver, no tickets, no at-fault accidents, Colorado state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, homeowner, claim-free, multi-policy, and marriage discounts applied.

To locate companies that offer many of these discounts in Colorado Springs, click here.

Exclusive and independent auto insurance agents

Many people just want to talk to a local agent and that can be a great decision Good insurance agents are trained to spot inefficiencies and help file insurance claims. A good thing about comparing rate quotes online is that you can find the lowest rates and also buy local. Buying from and supporting local agencies is still important in Colorado Springs.

Insurance agents in Colorado SpringsOnce you complete this quick form, your coverage information is sent to agents in your area who can give free rate quotes for your business. There is no reason to search for any insurance agencies since price quotes are sent to you instantly. If you need to get a comparison quote from a specific insurance company, you just need to visit that company's website and fill out their quote form.

Choosing an company needs to be determined by more than just the bottom line cost. These are some questions your agent should answer.

  • Is auto insurance their primary focus in Colorado Springs?
  • How experienced are they in personal risk management?
  • By raising physical damage deductibles, how much would you save?
  • Does the agency have a positive business rating?
  • Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
  • Are they actively involved in the community?
  • Are all drivers listed on the coverage quote?
  • Are they in the agency full-time?

After you get good answers for all questions you ask and an affordable coverage quote, you may have found an provider that is a good match to insure your vehicles. But keep in mind it's your coverage and you can cancel your coverage whenever you choose to so never assume that you are obligated to any specific agency for the full policy term.

Colorado Springs auto insurance company ratings

Picking the right auto insurance provider is difficult considering how many different insurance companies sell coverage in Colorado Springs. The company rank data listed below could help you choose which car insurance providers you want to consider when looking for cheaper rates.

Top 10 Colorado Springs Car Insurance Companies by A.M. Best Rank

  1. USAA - A++
  2. Travelers - A++
  3. State Farm - A++
  4. GEICO - A++
  5. Esurance - A+
  6. Nationwide - A+
  7. Allstate - A+
  8. Mercury Insurance - A+
  9. Progressive - A+
  10. Titan Insurance - A+

Top 10 Colorado Springs Car Insurance Companies Ranked by Customer Service

  1. State Farm
  2. GEICO
  3. The Hartford
  4. Mercury Insurance
  5. Progressive
  6. The General
  7. Allstate
  8. AAA Insurance
  9. American Family
  10. Nationwide

You are unique and your car insurance should be too

Keep in mind that when it comes to choosing your policy for your personal vehicles, there really is no one size fits all plan. Each situation is unique.Car insurance savings

For instance, these questions could help you determine if your insurance needs may require specific advice.

  • What policy terms are available?
  • Should I buy more coverage than the required Colorado minimum liability coverage?
  • Will my rates increase for filing one claim?
  • Can I insure my car for more than it's worth?
  • What is the difference between comprehensive and collision coverage?
  • Am I covered when driving a rental car?
  • When would I need additional glass coverage?

If you can't answer these questions but you know they apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, complete this form. It is quick, free and can help protect your family.

Auto insurance coverage considerations

Learning about specific coverages of a auto insurance policy can be of help when determining the best coverages for your vehicles. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive protection - This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like hitting a deer, a tree branch falling on your vehicle, damage from a tornado or hurricane and damage from flooding. The maximum amount you'll receive from a claim is the cash value of the vehicle, so if the vehicle's value is low it's not worth carrying full coverage.

Liability coverages - This protects you from damage that occurs to a person or their property that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/15 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $15,000 of coverage for damaged property. Some companies may use a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things like pain and suffering, attorney fees, loss of income, medical services and bail bonds. How much coverage you buy is your choice, but it's cheap coverage so purchase as high a limit as you can afford. Colorado requires drivers to carry at least 25/50/15 but you should think about purchasing more liability than the minimum.

The next chart demonstrates why low liability limits may not be enough.

Medical expense coverage - Coverage for medical payments and/or PIP pay for immediate expenses for things like funeral costs, surgery, pain medications and hospital visits. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Uninsured or underinsured coverage - Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and also any damage incurred to your Hyundai Sonata.

Due to the fact that many Colorado drivers only carry the minimum required liability limits (25/50/15 in Colorado), their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Most of the time the UM/UIM limits are set the same as your liability limits.

Collision coverage - Collision coverage pays to fix your vehicle from damage resulting from a collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like rolling your car, sideswiping another vehicle, hitting a parking meter, hitting a mailbox and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible on your Sonata to get cheaper collision coverage.

Cheaper car insurance rates are out there

We covered a lot of tips how to lower your Hyundai Sonata insurance rates in Colorado Springs. It's most important to understand that the more providers you compare, the better your chances of lowering your auto insurance rates. You may even find the most savings is with a company that doesn't do a lot of advertising.

When getting Colorado Springs auto insurance quotes online, it's not a good idea to reduce needed coverages to save money. There are many occasions where an insured cut comprehensive coverage or liability limits and learned later that they should have had better coverage. The ultimate goal is to buy the best coverage you can find for the lowest price, not the least amount of coverage.

Insureds switch companies for many reasons like an unsatisfactory settlement offer, unfair underwriting practices, policy non-renewal or even denial of a claim. It doesn't matter what your reason, switching companies is pretty simple and you could end up saving a buck or two.

How to find low-cost rates for Hyundai Sonata insurance in Colorado Springs

It takes a few minutes, but the best way to get affordable auto insurance rates is to start comparing rates regularly from insurers in Colorado Springs.

  • Step 1: Take a little time to learn about the different coverages in a policy and the measures you can take to keep rates down. Many risk factors that increase rates like at-fault accidents, speeding tickets, and an unacceptable credit rating can be amended by making lifestyle changes or driving safer.
  • Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from one company like GEICO or State Farm, while independent agencies can provide prices from multiple insurance companies. View companies
  • Step 3: Compare the quotes to your existing coverage and see if there is a cheaper rate in Colorado Springs. If you find a better price and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
  • Step 4: Provide notification to your current company of your decision to cancel your current auto insurance policy. Submit a down payment along with a signed application to the new insurer. Make sure you keep your new certificate of insurance along with your vehicle registration.

The most important part of shopping around is to make sure you're comparing the same liability limits and deductibles on every price quote and and to get price estimates from as many car insurance companies as possible. This ensures a fair price comparison and the best price quote selection.

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