Hyundai Santa Fe Insurance Quotes in Louisville

Insurance quote for Hyundai Santa Fe in LouisvilleIf you want to save the most money, the best way to get the cheapest car insurance rates is to compare quotes annually from companies who sell insurance in Louisville.

  1. Read about car insurance and the measures you can take to prevent high rates. Many rating factors that increase rates like traffic citations, accidents, and a bad credit score can be controlled by making lifestyle changes or driving safer. This article provides more information to prevent expensive rate increases and earn a bigger discount.
  2. Compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like GEICO and Allstate, while independent agencies can provide rate quotes from multiple sources.
  3. Compare the new quotes to the premium of your current policy and see if you can save money. If you find a lower rate and decide to switch, make sure there is no lapse in coverage.
  4. Provide notification to your current company of your intention to cancel the current policy and submit the application along with any required down payment to the new insurer. Don’t forget to keep the new proof of insurance paperwork above your visor, in the console, or in the glove compartment.

One key aspect when comparing rates is that you’ll want to make sure you compare identical coverages on every price quote and and to get price quotes from as many auto insurance providers as possible. Doing this provides an accurate price comparison and and a good selection of different prices.

It’s a fact that auto insurance companies don’t want you to look for cheaper rates. Insureds who compare price quotes will presumably switch companies because there is a significant possibility of getting low-cost coverage. A recent survey discovered that consumers who shopped around annually saved over $70 a month compared to people who never shopped for cheaper rates.

If saving the most money on car insurance in Louisville is the reason you’re here, then having an understanding of the best ways to find and compare coverages can help you be more efficient.

Comparing quotes for the best coverage in Louisville is not as time-consuming as you think. Essentially every vehicle owner who carries auto insurance most likely will be able to lower their premiums. Nevertheless, Kentucky drivers must learn the methods companies use to calculate their prices because it can help you find the best coverage.

Just keep in mind that comparing a large number of companies gives you a better chance of getting a lower rate than you’re paying now. Some insurance companies are not set up to provide rate quotes online, so it’s important to compare price quotes from those companies as well.

The companies shown below offer price quotes in Kentucky. If your goal is to find the best car insurance in Louisville, we recommend you visit two to three different companies to get the best price comparison.

These discounts can lower your insurance quotes

Companies don’t necessarily list every available discount in an easy-to-find place, so the next list breaks down both the well known and the more hidden insurance savings.Insurance discounts

One thing to note about discounts is that most credits do not apply to all coverage premiums. Some only apply to specific coverage prices like liability and collision coverage. Just because it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way.

The example below illustrates the difference between Hyundai Santa Fe insurance costs with and without discounts applied. The premium estimates are based on a male driver, no claims or violations, Kentucky 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-car, claim-free, homeowner, multi-policy, marriage, and safe-driver discounts applied.

Insurance companies that may have these money-saving discounts may include but are not limited to:

When quoting, ask every prospective company to apply every possible discount. A few discounts may not apply in every state. To see insurance companies with the best Hyundai Santa Fe insurance discounts in Kentucky, follow this link.

Hyundai Santa Fe insurance analysis

The price information shown next showcases estimates of rate quotes for Hyundai Santa Fe models. Having knowledge of how auto insurance prices are determined can help guide drivers when making decisions on the best policy coverages.

Hyundai Santa Fe Insurance Rates in Louisville, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $154 $354 $368 $22 $110 $1,008 $84
Santa Fe GLS 4WD $176 $354 $368 $22 $110 $1,030 $86
Santa Fe SE 2WD $176 $354 $368 $22 $110 $1,030 $86
Santa Fe Limited 2WD $176 $416 $368 $22 $110 $1,092 $91
Santa Fe SE 4WD $176 $416 $368 $22 $110 $1,092 $91
Santa Fe Limited 4WD $200 $416 $368 $22 $110 $1,116 $93
Get Your Own Custom Quote Go

Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Price information does not factor in vehicle garaging location which can raise or lower auto insurance rates noticeably.

Comparison of policy deductibles

When comparing insurance rates, the most common question is which deductibles should you choose. The premium rates below illustrate the differences in premium rates between low and high physical damage coverage deductibles. The first table uses a $100 comprehensive and collision deductible and the second data table uses a $1,000 deductible.

Hyundai Santa Fe insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $244 $508 $326 $20 $98 $1,221 $102
Santa Fe GLS 4WD $280 $508 $326 $20 $98 $1,257 $105
Santa Fe SE 2WD $280 $508 $326 $20 $98 $1,257 $105
Santa Fe Limited 2WD $280 $598 $326 $20 $98 $1,347 $112
Santa Fe SE 4WD $280 $598 $326 $20 $98 $1,347 $112
Santa Fe Limited 4WD $318 $598 $326 $20 $98 $1,385 $115
Get Your Own Custom Quote Go

Hyundai Santa Fe insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $136 $268 $326 $20 $98 $848 $71
Santa Fe GLS 4WD $156 $268 $326 $20 $98 $868 $72
Santa Fe SE 2WD $156 $268 $326 $20 $98 $868 $72
Santa Fe Limited 2WD $156 $316 $326 $20 $98 $916 $76
Santa Fe SE 4WD $156 $316 $326 $20 $98 $916 $76
Santa Fe Limited 4WD $176 $316 $326 $20 $98 $936 $78
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Prices do not factor in specific Louisville garaging location which can increase or decrease coverage rates substantially.

Based on this data, using a $100 deductible costs approximately $35 more each month or $420 for a full year than quoting the higher $1,000 deductible. Since you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go more than 26 months between claims, you would probably come out ahead if you choose the higher deductible.

Calculation for raising deductibles

Average monthly premium for $100 deductibles: $109
Average monthly premium for $1,000 deductibles (subtract): – $74
Monthly savings from raising deductible: $35
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $35
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

One thing to note is that increasing deductibles to lower your rates results in having to pay to pay more out-of-pocket when you file a claim. You must have some extra funds in the event you have to pay the deductible.

Does it make sense to buy full coverage?

The diagram below compares Hyundai Santa Fe premium costs when comparing full coverage to state minimum liability only. The prices are based on no tickets, no at-fault accidents, $250 deductibles, single status, and no discounts are applied to the premium.

Should you pay for full coverage?

There is no specific rule for phasing out comp and collision coverage, but there is a guideline you can use. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Hyundai Santa Fe claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $7,000 after the deductible is paid. If it’s costing you more than $700 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where only buying liability is not advised. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

Quote Hyundai Santa Fe Insurance Cheaper

Many different elements are part of the calculation when quoting car insurance. Some factors are common sense like your driving record, but some are less apparent such as your credit history or how safe your car is. When buying car insurance it’s important to understand the rating factors that help determine car insurance rates. When you know what positively or negatively influences your rates, this enables you to make decisions that could help you find big savings.

The following are a partial list of the pieces car insurance companies consider when setting your rates.

Decrease rates by maintaining coverage – Having a gap between insurance policy dates is a guaranteed way to trigger a rate increase. Not only will rates go up, being ticketed for driving with no insurance may earn you a revoked license or a big fine. You may need to file a SR-22 with the Kentucky motor vehicle department.

Women pay lower costs – Over time, data shows women tend to be less risk to insure than men. It does not mean men are worse drivers. Women and men are responsible for at-fault accidents at about the same rate, but the males tend to have higher claims. Not only that, but men also get more serious tickets like DWI (DUI) or reckless driving.

The diagram below shows the difference between Hyundai Santa Fe premium costs for male and female drivers. The premiums are based on no accidents, no driving violations, comp and collision included, $500 deductibles, drivers are single, and no discounts are applied to the premium.

Getting married pays dividends – Having a wife or husband may earn you lower rates on car insurance. Having a significant other means you’re more stable financially it has been statistically shown that married drivers tend to have fewer serious accidents.

Liability insurance is important – A critical coverage on your policy, liability insurance will afford coverage in the event that you are found to be at fault for damages from an accident. This coverage provides you with a defense in court to defend your case. Carrying liability coverage is mandatory and cheap when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.

Mature drivers pay less – Beginning drivers in Kentucky are proven to be less responsible when behind the wheel and because of this, their car insurance rates are much higher. Older people are viewed as being more responsible, tend to file fewer claims, and are generally more financially stable.

The data below is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.

Safety first – Cars with high safety ratings tend to have better insurance rates. Vehicles built for safety result in less severe injuries and fewer injuries translates into savings for insurance companies passed on to you as lower rates.

Lower rates with theft deterrents – Driving a car with a theft deterrent system can earn a premium discount. Theft deterrent systems like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help prevent car theft.

Insurance losses for a Hyundai Santa Fe – Companies take into consideration insurance loss statistics for every vehicle in order to profitably underwrite each model. Models that the data shows to have higher losses will have higher premium rates.

The table below illustrates the actual insurance loss data for Hyundai Santa Fe vehicles. For each coverage type, the claim amount for all vehicles, as a total average, is set at 100. Percentage values below 100 suggest losses that are better than average, while percentage values above 100 indicate more frequent losses or an increased chance of a larger loss.

Auto Insurance Loss Data for Hyundai Santa Fe Models
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Santa Fe 4dr 2WD 91 94 82 86 92 91
Hyundai Santa Fe 4dr 4WD 109 115 97 96 84 94
Hyundai Santa Fe Sport 4dr 2WD 88 90 93 90 89 93
Hyundai Santa Fe Sport 4dr 4WD 95 91 110 90 96 84

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

What if I want to buy from local Louisville insurance agents?

Some consumers still prefer to visit with an insurance agent and that is a smart decision One of the best bonuses of comparing rates online is that drivers can save money and get lower rates and still have a local agent. And buying from small agencies is definitely important in Louisville.

Insurance agents in LouisvilleTo make it easy to find an agent, after completing this short form, your coverage information is immediately sent to insurance agents in Louisville that give free quotes for your insurance coverage. You won’t need to leave your computer due to the fact that quote results will go to you instantly. You can most likely find cheaper rates without a big time investment. If you want to get a rate quote for a specific company, you can always find their quoting web page and submit a quote form there.

Shown below are agents in Louisville who can help you get rate quotes for Hyundai Santa Fe insurance in Louisville.

4209 Shelbyville Rd, Ste BLouisville, KY 40207(502) 897-6476View Map

5800 Bardstown RdLouisville, KY 40291(502) 491-7797View Map

1313 Lyndon Ln #102Louisville, KY 40222(502) 895-0812View Map

4050 Westport RdLouisville, KY 40207(502) 333-0577View Map

View more Louisville agents

Picking the best insurer requires you to look at more than just a cheap quote. A good agent in Louisville will have answers to these questions.

Once you have positive responses to any questions you may have as well as cheaper Santa Fe insurance quotes, you’ve probably found an provider that will insure your vehicles. Keep in mind you are entitled to cancel coverage for any reason so don’t feel that you are permanently stuck with your new company with no way out.

Ratings for Kentucky car insurance companies

Finding the highest-rated car insurance provider can be rather challenging considering how many different insurance companies sell coverage in Louisville. The company information in the lists below may help you analyze which auto insurers you want to consider comparing prices from.

Top 10 Louisville Car Insurance Companies by A.M. Best Rank

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Erie Insurance – A+
  6. Titan Insurance – A+
  7. Esurance – A+
  8. Progressive – A+
  9. Nationwide – A+
  10. The Hartford – A+

Top 10 Louisville Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Compare but don’t skimp

Lower-priced Hyundai Santa Fe insurance in Louisville can be found on the web and with local Louisville insurance agents, so get free Louisville car insurance quotes from both of them to have the best chance of lowering rates. There are still a few companies who do not provide internet price quotes and many times these small insurance companies only sell coverage through independent agents.

When buying insurance coverage, make sure you don’t buy less coverage just to save a little money. There are many occasions where consumers will sacrifice collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your aim should be to find the BEST coverage at a price you can afford, but do not sacrifice coverage to save money.

We just presented many ways to save on Hyundai Santa Fe insurance in Louisville. The key concept to understand is the more providers you compare, the better your comparison will be. You may even find the best premium rates are with some of the lesser-known companies. They may cover specific market segments cheaper than the large multi-state companies such as State Farm or Progressive.

Additional detailed information can be read by following these links: