Cheapest Rate Quotes for Hyundai Accent Insurance in Louisville

Has it been a year or more since you last compared quotes for more affordable car insurance rates in Louisville, KY? Louisville consumers have many options when looking for low-cost Hyundai Accent insurance. They can either waste time calling around getting price quotes or utilize the internet to get rate quotes. There is a better way to shop for car insurance so you’re going to learn the proper way to price shop coverage for a Hyundai and obtain the best price possible from Louisville insurance agents and online providers.

We don’t have to tell you that auto insurance companies want to prevent you from shopping around. Consumers who shop rates annually will, in all likelihood, switch companies because they stand a good chance of finding a lower rate. A recent survey revealed that people who routinely shopped around saved over $3,400 over four years compared to other drivers who never shopped around for cheaper prices.

If saving money on auto insurance is your ultimate goal, then having an understanding of how to find and compare auto insurance can help you be more efficient.

Finding a better price on car insurance doesn’t have to be difficult. Drivers just need to take a few minutes to compare rates online from several insurance companies.

The companies shown below are ready to provide comparison quotes in Kentucky. If your goal is to find cheap auto insurance in KY, we recommend you visit as many as you can to get the most affordable price.

It may be expensive, but it’s not optional

Despite the potentially high cost of Hyundai Accent insurance, maintaining insurance is mandatory in Kentucky but it also protects more than you think.

First, the majority of states have minimum mandated liability insurance limits which means state laws require a minimum amount of liability protection in order to license the vehicle. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a loan on your Hyundai Accent, it’s guaranteed your bank will require that you have physical damage coverage to protect their interest in the vehicle. If you do not keep the policy in force, the bank or lender will purchase a policy for your Hyundai at a much higher premium rate and make you pay for it.

Third, auto insurance protects not only your Hyundai but also your financial assets. It will also pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you cause an accident and are sued. If your Hyundai gets damaged, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.

The benefits of having insurance outweigh the cost, particularly for liability claims. According to a survey of 1,000 drivers, the average driver is wasting up to $830 a year so smart consumers compare quotes each time the policy renews to make sure the price is not too high.

Rates and information analytics

The table shown below outlines estimates of insurance costs for Hyundai Accent models. Learning how car insurance prices are determined can help drivers make smart choices when choosing a car insurance company.

Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Prices do not factor in specific zip code location which can alter premiums noticeably.

Choosing deductibles

One of the more difficult decisions when buying insurance is how high should your deductibles be. The rates shown below lay out the cost difference between high and low coverage deductibles. The first rate table uses a $100 deductible for physical damage and the second price table uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Premium amounts do not factor in the specific area where the vehicle is garaged which can impact price quotes significantly.

Based on the above data, using a $100 deductible costs roughly $23 more each month or $276 a year across all Hyundai Accent models than buying the higher $500 deductible. Because you would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you normally average at least 17 months between claims, you would probably save some money if you elect the higher deductible. The table below illustrates how you can come to your own conclusion.

One thing to note is that increasing deductibles to save money means you will have to cover more of the damage yourself when you have to file a claim. You should have enough money stashed away in the event you have to pay the deductible to have repairs made.

The example below demonstrates how choosing different deductibles and can change Hyundai Accent yearly insurance costs for different categories of driver ages. The price estimates are based on a married male driver, comprehensive and collision coverage, and no additional discounts are factored in.

How much more does full coverage cost in Louisville?

The information below shows the comparison of Hyundai Accent insurance costs with full coverage compared to only the Kentucky minimum liability coverage. The premiums are based on no violations or claims, $250 deductibles, marital status is single, and no discounts are taken into consideration.

Should you pay for full coverage?

There is no exact formula for dropping physical damage coverage, but there is a general school of thought. If the yearly cost of full coverage is more than around 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let’s pretend your Hyundai Accent book value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after the deductible is paid. If it’s costing in excess of $200 a year for full coverage, then it might be time to buy liability only.

There are some situations where only buying liability is not advised. If you still have a lienholder on your title, you have to carry full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage on your policy.

Insurance discounts are available to get cheap rates

Insurance is not an enjoyable expense, but you may be missing some discounts that you may not even know about. Certain reductions will be credited at the time of purchase, but some need to be specially asked for prior to getting the savings.

• Defensive Driver – Successfully completing a defensive driver class could earn you a small percentage discount and also improve your driving technique.
• Early Switch Discount – Some companies provide a discount for buying a policy early. You can save around 10% with this discount.
• Lower Rates for Military – Being deployed in the military could mean lower insurance rates.
• Student Discount for Driver Training – Cut your cost by having your teen driver enroll in driver’s education in school.
• Multi-car Discount – Purchasing coverage when you have more than one vehicle with one company can get a discount for every vehicle.
• Low Mileage Discounts – Low mileage vehicles can earn slightly better prices than normal.
• Passive Restraint Discount – Factory options such as air bags and/or automatic seat belt systems could see savings of more than 20%.
• Student in College – Any of your kids who attend college more than 100 miles from Louisville and leave their car at home may be insured at a cheaper rate.
• Braking Control Discount – Cars with anti-lock braking systems can avoid accidents and earn discounts up to 10%.

Remember that some credits don’t apply to all coverage premiums. Most only cut individual premiums such as medical payments or collision. Just because it seems like it’s possible to get free car insurance, you aren’t that lucky. But all discounts will help reduce your overall premium however.

The information below compares Hyundai Accent insurance prices with and without discounts applied to the policy premium. The premiums are based on a male driver, no claims or driving citations, Kentucky state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, claim-free, safe-driver, multi-policy, and marriage discounts applied.

Large insurance companies and some of the discounts are included below.

• State Farm offers discounts including good student, passive restraint, student away at school, driver’s education, and anti-theft.
• GEICO offers premium reductions for daytime running lights, air bags, defensive driver, emergency military deployment, five-year accident-free, and anti-lock brakes.
• Progressive may include discounts for multi-vehicle, good student, multi-policy, homeowner, online quote discount, online signing, and continuous coverage.
• 21st Century offers discounts for 55 and older, homeowners, automatic seat belts, student driver, good student, defensive driver, and early bird.
• American Family discounts include defensive driver, TimeAway discount, multi-vehicle, accident-free, and Steer into Savings.
• The Hartford policyholders can earn discounts including vehicle fuel type, air bag, driver training, good student, and defensive driver.
• AAA has savings for multi-car, anti-theft, good student, good driver, AAA membership discount, education and occupation, and pay-in-full.

Before you buy a policy, ask every insurance company which credits you are entitled to. Some of the discounts discussed earlier might not be offered on policies in your state. To see insurance companies with significant discounts in Kentucky, click here to view.

Your insurance coverage should be tailored to you

Always remember that when buying insurance from an agent or online, there is no cookie cutter policy. Each situation is unique and your policy should reflect that.
For instance, these questions can help discover if you would benefit from professional advice.

• What is the ISO rating for a Hyundai Accent?
• Will my Hyundai Accent be repaired with OEM or aftermarket parts?
• Is my business laptop covered if it gets stolen from my vehicle?
• Are all vehicle passengers covered by medical payments coverage?
• What is medical payments coverage?
• Is there a penalty for late payment?
• Does insurance cover damages from a DUI accident?
• What are the liability requirements in my state?
• When can I cancel my policy?

If you’re not sure about those questions then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and can help protect your family.