Insurance quote for Hyundai Sonata in MinneapolisHow long have you put off shopping around for more competitive auto insurance rates in Minneapolis, MN? Minneapolis shoppers have options when shopping for low-cost Hyundai Sonata insurance. You can either spend your time struggling with agents to compare prices or leverage the internet to compare rates.

There is a better way to buy auto insurance and we'll show you the best way to price shop coverage on a Hyundai and get the lowest possible price from Minneapolis insurance agents and online providers.

The companies shown below are our best choices to provide free rate quotes in Minneapolis, MN. If the list has multiple companies, we suggest you get rates from several of them to get a more complete price comparison.

Hyundai Sonata Insurance Estimates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $234 $484 $406 $24 $122 $1,270 $106
Sonata GLS 4-Dr Sedan $148 $298 $434 $26 $130 $1,036 $86
Sonata GLS 4-Dr Sedan $148 $298 $434 $26 $130 $1,036 $86
Sonata SE 4-Dr Sedan $130 $300 $406 $24 $122 $982 $82
Sonata SE 4-Dr Sedan $172 $384 $406 $24 $122 $1,108 $92
Sonata Limited 4-Dr Sedan $268 $476 $366 $22 $110 $1,242 $104
Sonata Limited 4-Dr Sedan $176 $334 $344 $20 $104 $978 $82
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Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Premium amounts do not factor in specific location which can change prices substantially.

Physical damage deductibles: Should you raise them?

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The following insurance rates can help show the difference in cost between high and low coverage deductibles. The first rate quote example uses a $100 deductible for physical damage and the second price grid uses a $1,000 deductible.

Hyundai Sonata insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $272 $492 $358 $22 $108 $1,277 $106
Sonata GLS 4-Dr Sedan $272 $492 $358 $22 $108 $1,277 $106
Sonata GLS 4-Dr Sedan $272 $492 $358 $22 $108 $1,277 $106
Sonata SE 4-Dr Sedan $272 $580 $358 $22 $108 $1,365 $114
Sonata SE 4-Dr Sedan $272 $580 $358 $22 $108 $1,365 $114
Sonata Limited 4-Dr Sedan $308 $580 $358 $22 $108 $1,401 $117
Sonata Limited 4-Dr Sedan $308 $580 $358 $22 $108 $1,401 $117
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Hyundai Sonata insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $152 $260 $358 $22 $108 $900 $75
Sonata GLS 4-Dr Sedan $152 $260 $358 $22 $108 $900 $75
Sonata GLS 4-Dr Sedan $152 $260 $358 $22 $108 $900 $75
Sonata SE 4-Dr Sedan $152 $306 $358 $22 $108 $946 $79
Sonata SE 4-Dr Sedan $152 $306 $358 $22 $108 $946 $79
Sonata Limited 4-Dr Sedan $170 $306 $358 $22 $108 $964 $80
Sonata Limited 4-Dr Sedan $170 $306 $358 $22 $108 $964 $80
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Price information does not factor in Minneapolis location which can affect coverage prices noticeably.

Based on the figures above, using a $100 deductible costs approximately $33 more each month or $396 each year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at a minimum 27 months between claims, you would more than likely save some money if you opt for a higher deductible.

Cost of full coverage

The diagram below shows the difference between Hyundai Sonata car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Minnesota. The premium estimates are based on no tickets, no at-fault accidents, $100 deductibles, married male driver, and no additional discounts are factored in.

Should you be buying full coverage?

There is no exact rule that is best for determining when to drop physical damage coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than 10% of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Hyundai Sonata replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $8,000 after the policy deductible has been paid. If it's costing you more than $800 annually for comprehensive and collision coverage, then you might consider buying liability only.

There are some situations where buying only liability insurance is not financially feasible. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.

Car insurance is not optional but you don't have to overpay

Despite the high insurance cost for a Hyundai Sonata in Minneapolis, paying for car insurance is required in Minnesota but it also protects you in many ways.

First, almost all states have minimum mandated liability insurance limits which means state laws require specific limits of liability if you don't want to risk a ticket. 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 you have a lien on your Sonata, most banks will require that you buy insurance to guarantee payment of the loan. If you let the policy lapse, the bank may buy a policy for your Hyundai at a much higher premium rate and require you to pay for the expensive policy.

Third, insurance protects not only your Hyundai Sonata but also your financial assets. It will also cover hospital and medical expenses for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of insuring your car are without a doubt worth the cost, particularly for liability claims. An average driver in America is overpaying over $820 a year so you should quote and compare rates once a year at a minimum to save money.

Save a ton by getting these seven discounts

Companies that sell car insurance don't always list all possible discounts in an easy-to-find place, so the list below gives a summary of both the well known as well as the least known credits that you can use to lower your rates.Discount auto insurance

Discounts lower rates, but most credits do not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like medical payments or collision. Despite the fact that it seems like adding up those discounts means a free policy, companies don't profit that way. Any amount of discount should help lower your policy premium.

Popular auto insurance companies and some of their more popular discounts are:

When getting a coverage quote, ask each company to give you their best rates. A few discounts might not be offered everywhere. To find insurers who offer free Hyundai Sonata insurance quotes in Minneapolis, click here.

When should I have guidance from an insurance agent?

Certain consumers just prefer to get advice from a local agent and that is a smart decision Licensed agents can answer important questions and help you file claims. The best thing about comparing rate quotes online is you can get cheaper prices and still choose a local agent. Buying from and supporting local agents is important especially in Minneapolis.

Minneapolis insurance agentsTo make it easy to find an agent, after completing this simple form, your information is transmitted to local insurance agents in Minneapolis that give free quotes and help you find cheaper coverage. There is no reason to visit any agencies because quoted prices will be sent directly to you. If you wish to get a rate quote for a specific company, just jump over to their website to submit a rate quote request.

When looking for a good Minneapolis insurance agent, there are two types of insurance agents and how they operate. Car insurance policy providers are categorized either exclusive or independent. Both properly insure your vehicles, but it is important to understand the difference in how they write coverage because it can influence which type of agent you select.

Independent Agents

Agents that elect to be independent can quote rates with many companies so they can insure your vehicles with any number of different companies and find the cheapest rate. If your agent finds better pricing, the business is moved internally which makes it simple for you. When comparing rate quotes, you should always get rate quotes from independent agents for maximum quote selection. Most also have access to different regional companies which may have better rates.

Below is a list of independent agents in Minneapolis that may be able to give free price quotes.

More Minneapolis agents

Exclusive Agents

These agents can usually just insure with one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. They are unable to provide rate quotes from other companies so they have to upsell other benefits. Exclusive agents are trained well in insurance sales and that enables them to sell even at higher rates. A lot of people use the same agent mainly due to the brand legacy and the convenience of having all coverages with one company.

Listed below is a short list of exclusive insurance agencies in Minneapolis who can help you get price quote information.

More Minneapolis agents

Choosing an car insurance agent requires you to look at more than just a cheap price. These questions are important to ask:

The coverage is in the details

Understanding the coverages of your policy can help you determine the best coverages for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like ambulance fees, pain medications, funeral costs, surgery and doctor visits. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Liability insurance

Liability insurance provides protection from damages or injuries you inflict on other's property or people that is your fault. It protects you against other people's claims. Liability doesn't cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 30/60/10 that translate to a $30,000 limit per person for injuries, a limit of $60,000 in injury protection per accident, and a total limit of $10,000 for damage to vehicles and property. Another option is a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as pain and suffering, medical services and medical expenses. How much coverage you buy is your choice, but buy as much as you can afford. Minnesota requires drivers to carry at least 30/60/10 but you should think about purchasing better liability coverage.

Comprehensive coverages

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as hitting a deer, hail damage, damage from getting keyed, fire damage and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle's value it's not worth carrying full coverage.

Uninsured and underinsured coverage

This gives you protection when other motorists do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Hyundai Sonata.

Since a lot of drivers only purchase the least amount of liability that is required (30/60/10), their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.

Auto collision coverage

This coverage will pay to fix damage to your Sonata caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as sideswiping another vehicle, driving through your garage door, rolling your car, hitting a mailbox and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. You can also bump up the deductible on your Sonata in order to get cheaper collision rates.

Shop smart and save

Some insurance providers may not provide the ability to get quotes online and usually these regional carriers only sell through independent agents. Lower-priced Hyundai Sonata insurance in Minneapolis can be bought on the web as well as from independent agents in Minneapolis, and you need to price shop both to have the best rate selection.

We just presented many ideas to find cheaper Hyundai Sonata insurance in Minneapolis. The key concept to understand is the more quotes you get, the higher the chance of saving money. You may even find the biggest savings come from a smaller regional carrier.

Drivers who switch companies do it for a number of reasons such as questionable increases in premium, high rates after DUI convictions, poor customer service and extreme rates for teen drivers. Regardless of your reason, finding a great new company is not as hard as you think.

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