Do you want to learn to get lower-priced Hyundai Sonata insurance in St. Paul? Are you regretting the purchase of high-priced Hyundai Sonata insurance in St. Paul? Trust us, many St. Paul consumers are in the same pinch.
Unthinkable but true, about 70% of customers kept their policy with the same company for more than four years, and almost half have never compared rates to find lower-cost insurance. Drivers in St. Paul could pocket 50% a year just by shopping around, but they just feel it's too hard to save money by comparing rate quotes.
Multiple insurers compete for your business, so it's not easy to compare every insurer and get the definite best rates possible on Hyundai Sonata insurance in St. Paul.
If you have insurance now, you will most likely be able to shop for the lowest rates using the concepts you're about to learn. Finding the cheapest coverage in St. Paul is quite easy. Nevertheless, Minnesota consumers do need to understand how insurance companies market on the web because it can help you find the best coverage.
The quickest method we recommend to compare insurance rates in your area is to know most of the larger companies will pay a fee to provide you with a free rate quote. The one thing you need to do is provide information like whether you have decent credit, how much school you completed, whether the vehicles are used for commuting, and if you have a valid license. Your rating data is instantly sent to many different companies and they return rate quotes within a short period of time.
If you would like to start a quote now, click here and enter your zip code.
The companies shown below offer free rate quotes in St. Paul, MN. If more than one company is shown, we suggest you compare several of them in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sonata GLS 4-Dr Sedan||$272||$492||$358||$22||$108||$1,252||$104|
|Sonata GLS 4-Dr Sedan||$196||$384||$434||$26||$130||$1,170||$98|
|Sonata GLS 4-Dr Sedan||$302||$606||$484||$28||$144||$1,564||$130|
|Sonata SE 4-Dr Sedan||$264||$570||$366||$22||$110||$1,332||$111|
|Sonata SE 4-Dr Sedan||$118||$260||$344||$20||$104||$846||$71|
|Sonata Limited 4-Dr Sedan||$168||$352||$434||$26||$130||$1,110||$93|
|Sonata Limited 4-Dr Sedan||$194||$384||$406||$24||$122||$1,130||$94|
|Get Your Own Custom Quote Go|
Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Premium costs do not factor in specific zip code location which can raise or lower insurance rates significantly.
Cost difference between full coverage and liability
The diagram below illustrates the comparison of Hyundai Sonata insurance costs with full physical damage coverage and with liability coverage only. The prices are based on no accidents or driving violations, $1,000 deductibles, married male driver, and no discounts are taken into consideration.
Should you be buying full coverage?
There is no set guideline to stop paying for comp and collision coverage, but there is a general guideline you can use. If the annual cost of coverage is more than 10% of the settlement you would receive from your company, then it's probably a good time to buy liability coverage only.
For example, let's say your Hyundai Sonata settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $3,000 after the policy deductible has been paid. If you are paying more than $300 a year for full coverage, then it might be time to buy liability only.
There are some cases where only buying liability is not financially feasible. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.
Why you need insurance for your Sonata
Despite the high insurance cost for a Hyundai Sonata in St. Paul, car insurance is required for several reasons.
First, most states have mandatory insurance requirements which means you are required to buy a specific minimum amount of liability insurance in order to license the vehicle. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your Hyundai Sonata has a loan, it's most likely the lender will require that you have comprehensive coverage to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the lender may insure your Hyundai at a significantly higher premium and require you to pay much more than you were paying before.
Third, car insurance protects both your assets and your car. Insurance will pay for many types of medical costs that are the result of an accident. Liability insurance, one of your policy coverages, will also pay to defend you in the event you are sued. If your Hyundai gets damaged, collision and comprehensive coverages will pay to have it repaired.
The benefits of buying car insurance greatly outweigh the cost, especially with large liability claims. Today the average American driver is overpaying over $750 every year so we recommend shopping around every year to save money.
Six factors that impact insurance costs
Many different elements are considered when pricing auto insurance. A few of the factors are predictable like an MVR report, although some other factors are not as apparent such as your credit history or how safe your car is. The best way to find cheaper insurance is to take a look at some of the factors that help determine insurance rates. When you understand what impacts premium levels, this enables informed choices that may reward you with lower premium levels.
- More stress means more cost - Jobs such as judges, social workers and dentists tend to pay higher premiums than the average policyholder due to high stress and lots of time spent at work. Conversely, professions such as farmers, historians and performers have lower than average premiums.
- Better credit means lower prices - A driver's credit score is likely to be a major factor in determining what you pay. If your credit history is low, you could save money insuring your Hyundai Sonata by repairing your credit. Drivers with excellent credit scores tend to be more responsible and file fewer claims as compared to drivers with poor credit scores.
- Prices impacted by vehicle usage - The more you drive your Hyundai every year the more you will pay for insurance. Many insurance companies apply a rate based on how the vehicle is used. Autos that are left in the garage qualify for better rates compared to those used for work or business. Having the wrong rating on your Sonata may be costing you. Double check that your declarations sheet correctly shows the correct usage for each vehicle, because it can save money.
- Insurance rates are higher for high performance vehicles - The make and model of the vehicle you are trying to find cheaper insurance for makes a huge difference in how high your rates are. The lowest rates tend to be for economy passenger vehicles, but there are many factors that impact the final cost. Since the Hyundai Sonata falls in the passenger car class, insurance will be similar in price or lower when compared to the average rates in St. Paul.
- Claim-free discounts can add up - If you frequently file small claims, don't be surprised to see increased rates or even have your policy non-renewed. Auto insurance companies in Minnesota provide the lowest premiums to drivers who file claims infrequently. Insurance coverage is meant to be used in the event of major claims that would cause financial hardship.
- What's your car's crash test rating? - Safer cars can get you lower premiums. These vehicles reduce the chance of injuries and reduced instances of injuries means less money paid by your insurance company passed on to you as lower rates. If your Hyundai is rated at least an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.
- Insurance losses for a Hyundai Sonata - Insurers use past loss statistics for each vehicle when determining insurance prices. Models that tend to have increased claim numbers or amounts will cost more for specific coverages.
The data below shows the historical insurance loss data for Hyundai Sonata vehicles. For each insurance policy coverage type, the statistical loss for all vehicles as a whole is a value of 100. Values that are under 100 suggest losses that are better than average, while percentages above 100 indicate a higher chance of having a claim or larger claims.
Insurance Loss Ratings for Hyundai Sonata Vehicles
Specific Hyundai Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Hyundai Sonata 129 88 101 138 149 110 Hyundai Sonata Hybrid 142 116 119 124 138 121
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Affordable St. Paul auto insurance rates with discounts
Some insurance providers do not list every disount available very clearly, so we took the time to find both well-publicized as well as some of the hidden auto insurance savings.
- Air Bags and Passive Restraints - Cars that have air bags and/or automatic seat belt systems can receive discounts of 20% or more.
- Driver Education Discount - Have your child enroll and complete driver's education as it can save substantially.
- Claim-Free Discount - Claim-free drivers can earn big discounts when compared to policyholders that have many claims.
- Defensive Driver Discount - Taking time to complete a defensive driver course may get you a small discount and easily recoup the cost of the course.
- Multi-Vehicle Discounts - Drivers who insure several vehicles on one policy can get a discount for every vehicle.
- Own a Home and Save - Owning your own home or condo can earn you a little savings because of the fact that having a home shows financial diligence.
- Seat Belt Discounts - Drivers who require all occupants to fasten their seat belts can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
- E-sign - A few larger online companies may give you up to $50 shop St. Paul auto insurance digitally online.
- Distant College Student Discount - Youth drivers living away from St. Paul attending college and won't have access to an insured vehicle can be insured at a reduced rate.
While discounts sound great, it's important to understand that some credits don't apply to the whole policy. Most cut specific coverage prices like liability and collision coverage. Just because it seems like it's possible to get free car insurance, it just doesn't work that way. But all discounts will help lower your overall bill.
If you would like to view providers that provide some of the discounts listed above in Minnesota, click here.
Insurance agents can help
When it comes to proper insurance coverage, there is no "perfect" insurance plan. Every insured's situation is different so your insurance should reflect that Here are some questions about coverages that can aid in determining if your situation may require specific advice.
- Can I insure my car for more than it's worth?
- Do I have coverage if my license is suspended?
- How can I find cheaper teen driver insurance?
- Am I getting all the discounts available?
- Which is better, split liability limits or combined limits?
- What does UM/UIM cover?
- Should I buy only the required Minnesota minimum liability coverage?
- Am I covered if I hit my neighbor's mailbox?
- What are the liability requirements in my state?
- How can I get high-risk coverage after a DUI?
If you're not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you don't have a local agent, take a second and complete this form or you can also visit this page to select a carrier
Neighborhood St. Paul auto insurance agents
Some people still like to get advice from a local agent and there is nothing wrong with that. An additional benefit of getting online price quotes is that drivers can save money and get better rates and still buy from a local agent.
Upon completion of this short form, your insurance data is submitted to insurance agents in St. Paul who will give competitive quotes and help you find cheaper coverage. It's much easier because you don't need to find an agent on your own due to the fact that quote results will go immediately to you. You can find lower rates and a licensed agent to work with. If you want to get a price quote from a specific car insurance provider, don't hesitate to go to their quote page to submit a rate quote request.
Picking the best company shouldn't rely on just a cheap quote. These are some questions you should get answers to.
- Do they get paid more for recommending certain coverages?
- Does the agency have a positive business rating?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Is there a Errors and Omissions policy in force?
- Can you contact them at any time?
- Do you need full coverage on every vehicle?
Types of auto insurance agents
When finding a good insurance agency, you must know there are a couple different types of agencies and how they differ in how they quote coverages. Insurance agencies in St. Paul are categorized either exclusive agents or independent agents.
Exclusive Insurance Agents
Agents of this type can only write with one company and examples are State Farm or Allstate. Exclusive agencies are unable to provide rate quotes from other companies so keep that in mind. Exclusive insurance agents are well trained on what they offer which helps offset the inability to provide other markets.
Shown below is a short list of exclusive agents in St. Paul that are able to give price quote information.
American Family Insurance - Lisa Boone Agency Inc.
2574 7th Ave E - North St Paul, MN 55109 - (651) 770-6994 - View Map
These agents are not employed by one company and that allows them to write policies with an assortment of companies and find the cheapest rate. To move your coverage to a new company, your agent can just switch to a different company and you don't have to do anything. When comparing car insurance rates, you should always include rate quotes from multiple independent agents to ensure the widest selection of prices.
Shown below are independent insurance agents in St. Paul that can give you price quote information.
Lower rates by being persistent
The cheapest Hyundai Sonata insurance in St. Paul is attainable online and also from your neighborhood St. Paul agents, so you need to shop St. Paul auto insurance with both in order to have the best price selection to choose from. A few companies may not provide rates over the internet and these regional carriers provide coverage only through local independent agents.
While you're price shopping online, never buy less coverage just to save a little money. There have been many situations where an accident victim reduced comprehensive coverage or liability limits only to regret at claim time they didn't have enough coverage. Your aim should be to find the BEST coverage for the lowest cost.
More information is located on the following sites:
- Safety Belts FAQ (iihs.org)
- What Auto Insurance is Cheapest in Lakeville, Minnesota? (FAQ)
- What Auto Insurance is Cheapest in Rochester, Minnesota? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Teenagers in Minnesota? (FAQ)
- What Auto Insurance is Cheapest in Coon Rapids, Minnesota? (FAQ)
- Who Has Affordable Minnesota Auto Insurance for Immigrants? (FAQ)
- Teen Driving Statistics (iihs.org)
- Five Mistakes to Avoid (Insurance Information Institute)
- Protecting Teens from Drunk Driving (Insurance Information Institute)