Are you researching low-cost Hyundai Genesis insurance in Colorado Springs? I doubt anyone likes having to buy insurance, in particular when they are paying too much.
It goes without saying that auto insurance companies want to keep you from shopping around. Insureds who shop around for the cheapest rate will probably buy a new policy because there are good odds of finding lower prices. A recent survey found that people who make a habit of shopping around saved over $70 a month compared to people who never shopped for cheaper rates.
If finding the best price on insurance in Colorado Springs is your intention, then understanding how to get free comparison quotes and analyze insurance coverage can make the process more efficient.
There are many insurance companies to buy insurance from, and though it is a good thing to have a choice, so many choices can make it hard to find the best rates for your vehicles.
You need to get comparison quotes occasionally since prices are adjusted regularly by insurance companies. If you had the lowest price on Hyundai Genesis insurance in Colorado Springs a few years ago you can probably find a better rate quote now. Don’t believe everything you read about Genesis insurance out there, but in a few minutes you can learn some good information on how to buy insurance cheaper in Colorado Springs.
Pricing the lowest cost policy in Colorado Springs can be fairly easy. Nearly every car owner who is overpaying for insurance will most likely find a lower-cost company. But Colorado drivers must know how companies sell insurance online and use it to find better rates.
Four Things That Impact Your Insurance Prices
Many things are used when you quote your car insurance policy. Some are pretty understandable like an MVR report, but others are less obvious such as your credit history or your commute time. The best way to find cheaper car insurance is to take a look at some of the elements that go into determining car insurance rates. If you have a feel for what positively or negatively impacts your premiums, this enables you to make decisions that may result in much lower annual insurance costs.
Cars with good safety ratings save money – Safer cars tend to have lower insurance rates. These vehicles protect occupants better and any reduction in injury severity translates into fewer and smaller insurance claims which can mean better rates for you.
Combine policies with the same company – Most major insurance companies provide discounts to people who carry more than one policy such as combining an auto and homeowners policy. The discount can be five, ten or even twenty percent. Even if you already get this discount, you may still want to comparison shop to help guarantee you have the best rates.There is a chance you can find a better deal even if you insure with multiple companies
Big cities have higher rates – Choosing to live in a small town is a good thing if you are looking for the lowest rates. Fewer drivers means less chance of accidents and lower theft and vandalism rates. City drivers have more aggressive driving styles and longer commutes to work. More time behind the wheel means more chances of being involved in an auto accident.
Prevent theft and lower prices – Owning a car with a theft deterrent system can save you some money. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder car theft and help bring rates down.
Insurance losses for a Hyundai Genesis – Companies analyze the history of losses in order to profitably underwrite each model. Vehicles that have higher losses will have higher rates for specific coverages. The information below illustrates the loss history for Hyundai Genesis vehicles.
For each policy coverage, the claim probability for all vehicles, regardless of make, model or trim level, is equal to 100. Values that are 100 or less suggest a positive loss record, while percentage values above 100 point to more losses or an increased chance of larger losses than average.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Hyundai Genesis | 178 | 122 | 117 | 119 | 103 | 117 |
| Hyundai Genesis 4dr | 154 | 71 | 154 | 85 | 99 |
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
When shopping for Hyundai Genesis insurance in Colorado Springs there are multiple ways to get quotes from different companies. One of the best ways to comparison shop is to jump online and get quotes.
Comparing quotes online is fast and free, and it replaces the need to physically go to local Colorado Springs insurance agencies. Buying insurance online eliminates the middleman unless your situation requires the professional guidance of a licensed agent. If you prefer, some companies allow you to compare the best prices online and get advice from an agent in your area. It’s important to know that obtaining a wide range of quotes increases the chance that you will find a lower rate than you’re paying now. Some regional insurers cannot provide Colorado Springs Genesis insurance quotes online, so it’s important to also get price quotes from them as well.
The following companies offer free quotes in Colorado Springs, CO. If multiple companies are listed, it’s highly recommended you get prices from several of them in order to get a fair rate comparison.
Hyundai Genesis insurance coverage information
The rate table shown below highlights different insurance costs for Hyundai Genesis models. Having knowledge of how auto insurance premiums are calculated can help you make decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $148 | $332 | $422 | $24 | $126 | $1,052 | $88 |
| Genesis 3.8 4-Dr Sedan | $164 | $288 | $286 | $16 | $86 | $840 | $70 |
| Genesis 2.0T Premium 2-Dr Coupe | $164 | $332 | $422 | $24 | $126 | $1,068 | $89 |
| Genesis 3.8 2-Dr Coupe | $164 | $332 | $422 | $24 | $126 | $1,068 | $89 |
| Genesis 2.0T Track 2-Dr Coupe | $164 | $332 | $422 | $24 | $126 | $1,068 | $89 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $164 | $332 | $422 | $24 | $126 | $1,068 | $89 |
| Genesis 4.6 4-Dr Sedan | $164 | $332 | $286 | $16 | $86 | $884 | $74 |
| Genesis 3.8 Track 2-Dr Coupe | $164 | $376 | $422 | $24 | $126 | $1,112 | $93 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Price estimates do not factor in zip code location which can lower or raise auto insurance rates considerably.
Physical damage deductible comparison
A question often asked by Colorado Springs drivers is which deductible level should you buy. The comparisons below illustrate the rate difference between low and high insurance deductibles. The first rate comparisons uses a $250 deductible and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $306 | $620 | $440 | $26 | $132 | $1,549 | $129 |
| Genesis 3.8 4-Dr Sedan | $342 | $538 | $298 | $18 | $90 | $1,311 | $109 |
| Genesis 2.0T Premium 2-Dr Coupe | $342 | $620 | $440 | $26 | $132 | $1,585 | $132 |
| Genesis 3.8 2-Dr Coupe | $342 | $620 | $440 | $26 | $132 | $1,585 | $132 |
| Genesis 2.0T Track 2-Dr Coupe | $342 | $620 | $440 | $26 | $132 | $1,585 | $132 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $342 | $620 | $440 | $26 | $132 | $1,585 | $132 |
| Genesis 4.6 4-Dr Sedan | $342 | $620 | $298 | $18 | $90 | $1,393 | $116 |
| Genesis 3.8 Track 2-Dr Coupe | $342 | $702 | $440 | $26 | $132 | $1,667 | $139 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $190 | $390 | $440 | $26 | $132 | $1,178 | $98 |
| Genesis 3.8 4-Dr Sedan | $210 | $340 | $298 | $18 | $90 | $956 | $80 |
| Genesis 2.0T Premium 2-Dr Coupe | $210 | $390 | $440 | $26 | $132 | $1,198 | $100 |
| Genesis 3.8 2-Dr Coupe | $210 | $390 | $440 | $26 | $132 | $1,198 | $100 |
| Genesis 2.0T Track 2-Dr Coupe | $210 | $390 | $440 | $26 | $132 | $1,198 | $100 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $210 | $390 | $440 | $26 | $132 | $1,198 | $100 |
| Genesis 4.6 4-Dr Sedan | $210 | $390 | $298 | $18 | $90 | $1,006 | $84 |
| Genesis 3.8 Track 2-Dr Coupe | $210 | $442 | $440 | $26 | $132 | $1,250 | $104 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Premium costs do not factor in specific Colorado Springs garaging location which can impact premiums substantially.
Based on these figures, using a $250 deductible costs approximately $32 more each month or $384 each year averaged for all Genesis models than quoting the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 23 months between claims, you would save money if you choose a higher deductible.
The illustration below illustrates how your choice of deductibles and can affect Hyundai Genesis premium costs for different age groups. The information is based on a single female driver, comprehensive and collision coverage, and no other discounts are factored in.
Why you need to buy auto insurance
Even though Colorado Springs Genesis insurance rates can get expensive, paying for auto insurance may be required for several reasons.
- The majority of states have mandatory liability insurance requirements which means state laws require specific minimum amounts of liability coverage in order to get the vehicle licensed. 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 your Genesis has a lienholder, it’s guaranteed your bank will stipulate that you have physical damage coverage to guarantee loan repayment. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Hyundai at a much higher rate and force you to pay for the expensive policy.
- Auto insurance protects both your Hyundai and your assets. It will also provide coverage for medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, will also pay attorney fees if you are sued as the result of an accident. If mother nature or an accident damages your car, your auto insurance policy will cover the damage repairs after a deductible is paid.
The benefits of having insurance are without a doubt worth the cost, especially for larger claims. The average driver in America is wasting up to $850 per year so it’s recommended you shop around at least once a year to ensure rates are inline.
Slash rates with these premium slashing discounts
Auto insurance is expensive, but you can get discounts that you may not even be aware of. Larger premium reductions will be automatically applied at the time of purchase, but a few need to be specifically requested prior to receiving the credit.
- Discounts for Seat Belt Usage – Using a seat belt and requiring all passengers to fasten their seat belts can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
- Paperwork-free – A few larger online companies may give you up to $50 for signing up on the web.
- Sign Early and Save – Some insurance companies provide a discount for switching to them before your current Genesis insurance policy expires. You can save around 10% with this discount.
- One Accident Forgiven – Not necessarily a discount, but a few companies such as State Farm and GEICO allow you one accident without raising rates if you are claim-free for a certain period of time.
- ABS Braking Discount – Vehicles that have steering control and anti-lock brakes prevent accidents and will save you 10% or more on Genesis insurance in Colorado Springs.
- Anti-theft System – Cars, trucks, and SUVs equipped with anti-theft or alarm systems can help prevent theft and will qualify for a discount on a Colorado Springs car insurance quote.
- Multiple Cars – Drivers who insure primary and secondary vehicles on the same auto insurance policy could earn a price break for each car.
We need to note that many deductions do not apply to your bottom line cost. A few only apply to specific coverage prices like collision or personal injury protection. Just because you may think you could get a free auto insurance policy, it’s just not the way it works. But any discount will cut your auto insurance premiums.
The example below illustrates the comparison of Hyundai Genesis insurance costs with and without some available policy discounts. The data is based on a female driver, no tickets, no at-fault accidents, Colorado state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, multi-car, claim-free, safe-driver, and homeowner discounts applied.
If you would like to see a list of insurers who offer auto insurance discounts in Colorado, follow this link.
Local Colorado Springs insurance agents
Some people prefer to go talk to an agent and that can be a great decision One of the best bonuses of getting free rate quotes online is the fact that drivers can get lower rates and still have a local agent. Buying from and supporting local insurance agents is important especially in Colorado Springs.
To make it easy to find an agent, after completing this simple form, the quote information is immediately sent to participating agents in Colorado Springs that give free quotes to get your business. It’s much easier because you don’t need to contact any insurance agencies as quotes are delivered immediately to you. It’s the lowest rates and an insurance agent to talk to. If you have a need to get a price quote from a particular provider, don’t hesitate to navigate to their website to submit a rate quote request.
When finding a local insurance agency, it helps to know the two types of agencies and how they differ in how they quote coverages. Auto insurance policy providers can be categorized as either independent agents or exclusive agents depending on their employer.
Independent Auto Insurance Agencies or Brokers
Agents that choose to be independent are not required to write business for one company so as a result can place your coverage through many companies and get the cheapest rates. If your agent finds better pricing, they simply move the coverage in-house and you don’t have to find a new agent.
When shopping rates, you should always get quotes from several independent insurance agents to get the most accurate price comparison.
Below is a short list of independent insurance agencies in Colorado Springs that may be able to give you competitive price quotes.
Springs Insurance Brokers
1837 Austin Bluffs Pkwy #101 – Colorado Springs, CO 80918 – (719) 268-1300 – View Map
WIN Insurance Agency
3485 Academy Blvd N Ste 101 – Colorado Springs, CO 80917 – (719) 599-9494 – View Map
ALINK Insurance Services- Colorado Springs Location
2407 W Colorado Ave – Colorado Springs, CO 80904 – (719) 473-6262 – View Map
Exclusive Auto Insurance Agencies
These type of agents can only write with one company and examples are Allstate, State Farm and Farm Bureau. Exclusive agencies are unable to shop your coverage around so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are usually quite knowledgeable on their products and sales techniques and that allows them to sell at a higher price point.
Below are Colorado Springs exclusive insurance agents that are able to give price quotes.
Roberto Martinez – State Farm Insurance Agent
1216 Academy Blvd N – Colorado Springs, CO 80909 – (719) 574-0210 – View Map
Larry Lucero – State Farm Insurance Agent
5225 Academy Blvd N #108 – Colorado Springs, CO 80918 – (719) 599-8661 – View Map
Lee Ann Moore – State Farm Insurance Agent
3649 Star Ranch Rd – Colorado Springs, CO 80906 – (719) 540-9520 – View Map
Finding the right insurance agent should include more criteria than just the price. Ask your prospective agent these questions:
- Does the company use OEM repair parts?
- Where would your vehicle be repaired?
- Which companies do they recommend if they are an independent agency?
- Are they paid to recommend certain coverages?
- Can you choose the body shop in case repairs are needed?
- What is their Better Business Bureau rating?
- Do they carry Errors and Omissions coverage?
- Are all drivers listed on the coverage quote?
Insurance agents can help
When it comes to the right insurance coverage for your vehicles, there really is no one-size-fits-all type of policy. Everyone’s situation is unique.
For instance, these questions might point out whether your personal situation may require specific advice.
- How much liability insurance is required?
- Do all my vehicles need collision coverage?
- Am I covered if hit by an uninsured driver?
- Do I have coverage if I rent a car in Mexico?
- How can I get the company to pay a claim?
- Do I need motorclub coverage?
- Exactly who is provided coverage by my policy?
- Am I covered if I drive in a foreign country?
If you can’t answer these questions, you might consider talking to an insurance agent. To find an agent in your area, take a second and complete this form.
Quote often and quote early
When trying to cut insurance costs, never buy less coverage just to save a little money. There have been many cases where an insured dropped full coverage and found out when filing a claim they didn’t purchase enough coverage. Your focus should be to buy a smart amount of coverage for the lowest price but still have enough coverage for asset protection.
Some auto insurance companies do not provide online quoting and these smaller companies sell through independent agents. Low-cost Hyundai Genesis insurance in Colorado Springs can be found both online in addition to local insurance agencies, and you need to price shop both in order to have the best chance of saving money.
People leave their current company for a variety of reasons including high rates after DUI convictions, unfair underwriting practices, being labeled a high risk driver or even delays in paying claims. Regardless of your reason, finding a great new company can be easier than you think.
Steps to buying cheaper Hyundai Genesis insurance in Colorado Springs
The most effective way to get more affordable Hyundai Genesis insurance in Colorado Springs is to make a habit of regularly comparing prices from insurers that insure vehicles in Colorado.
First, read about car insurance and the modifications you can make to lower rates. Many factors that cause high rates such as traffic violations and a lousy credit rating can be remedied by being financially responsible and driving safely.
Second, compare rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from a single company like Progressive or Farmers Insurance, while independent agents can provide prices for a wide range of insurance providers. Select a company
Third, compare the price quotes to your existing rates to see if you can save by switching companies. If you find a lower rate and buy the policy, verify that coverage does not lapse between policies.
Fourth, tell your current agent or company to cancel your existing policy and submit payment along with a signed and completed policy application to your new company or agent. Don’t forget to place the new proof of insurance paperwork in an easily accessible location.
The key thing to know about shopping around is to make sure you enter similar limits and deductibles on each quote and and to get price quotes from as many companies as possible. This provides a fair price comparison and the best price quote selection.
Much more information about auto insurance in Colorado can be read at the links below
- Teen Driving Statistics (GEICO)
- Who Has the Cheapest Colorado Springs Auto Insurance for a Nissan Versa? (FAQ)
- Who Has Affordable Colorado Springs Car Insurance Quotes for High Risk Drivers? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for a Ford Fusion in Colorado Springs? (FAQ)
- How Much is Auto Insurance for a Dodge Grand Caravan in Colorado Springs? (FAQ)
- How Much are Colorado Springs Auto Insurance Quotes for a Honda Accord? (FAQ)
- Who Has Affordable Car Insurance Quotes for Drivers with a DUI in Colorado Springs? (FAQ)
- Who Has Cheap Car Insurance for Drivers with Bad Credit in Colorado Springs? (FAQ)
- What Does No-Fault Insurance Cover? (Allstate)
- Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)
- Understanding Limits and Deductibles (Allstate)
- Car Insurance FAQ (Trusted Choice)