Everyone knows that insurance companies don’t want policyholders to shop around. People who compare other prices are likely to switch to a new company because there is a good probability of finding discount prices. Remarkably, a study showed that consumers who faithfully checked for cheaper rates saved on average $865 a year compared to those who don’t make a habit of comparing rates.
If saving money on Hyundai Accent insurance in Durham is your goal, then having a good understanding how to compare coverages can make it easier to find better rates.
The easiest way to find affordable Hyundai Accent insurance in Durham is to start comparing prices regularly from different companies in North Carolina.
First, try to learn a little about how insurance works and the modifications you can make to prevent expensive coverage. Many rating factors that result in higher rates like accidents, careless driving, and an imperfect credit score can be improved by being financially responsible and driving safely.
Second, request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from one company like GEICO or Farmers Insurance, while independent agents can provide rate quotes for a wide range of insurance providers. Begin your rate comparison
Third, compare the quotes to your existing coverage to see if you can save by switching companies. If you find a lower rate and switch companies, make sure there is no coverage gap between policies.
Fourth, provide notification to your current agent or company of your intent to cancel the current policy. Submit a down payment and signed policy application to the new insurer. Make sure you put the new certificate of insurance in your vehicle.
The key thing to know about shopping around is to make sure you’re comparing the same deductibles and limits on every quote request and and to compare as many car insurance companies as possible. Doing this ensures the most accurate price comparison and many rates to choose from.
Lowering your auto insurance rates is surprisingly easy. The only thing you need to do is take a few minutes getting comparison quotes to discover which company has cheaper Durham auto insurance quotes.
Doing price comparisons online is so simple that it takes the place of having to go to each insurance agency near you. Quoting Hyundai Accent insurance online reduces the need to sit down with an agent unless you’re the type of person who wants the trained guidance of an agent trained in personal lines coverage. Drivers can compare the best prices online but have a local agent actually write the policy.
The companies shown below offer price comparisons in North Carolina. If your goal is to find cheap car insurance in North Carolina, we recommend you click on several of them to get the best price comparison.
Analysis of coverages
The data table shown below outlines different insurance prices for Hyundai Accent models. Having a good grasp of how auto insurance premiums are established is important for making smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $98 | $206 | $286 | $16 | $86 | $692 | $58 |
| Accent GS 2-Dr Hatchback | $114 | $250 | $286 | $16 | $86 | $752 | $63 |
| Accent GLS 4-Dr Sedan | $114 | $296 | $380 | $22 | $114 | $926 | $77 |
| Accent SE 2-Dr Hatchback | $132 | $340 | $286 | $16 | $86 | $860 | $72 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Rate information does not factor in specific zip code location which can alter coverage rates noticeably.
Deductible comparison
One of the hardest decisions when shopping for auto insurance is what deductibles to buy. The premium rates below determine how much more rates are of buying low and high comp and collision deductibles. The first data set uses a $100 deductible for comp and collision and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $160 | $318 | $212 | $12 | $64 | $791 | $66 |
| Accent GS 2-Dr Hatchback | $186 | $386 | $212 | $12 | $64 | $885 | $74 |
| Accent GLS 4-Dr Sedan | $186 | $456 | $282 | $16 | $84 | $1,049 | $87 |
| Accent SE 2-Dr Hatchback | $214 | $524 | $212 | $12 | $64 | $1,051 | $88 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $88 | $168 | $212 | $12 | $64 | $544 | $45 |
| Accent GS 2-Dr Hatchback | $104 | $204 | $212 | $12 | $64 | $596 | $50 |
| Accent GLS 4-Dr Sedan | $104 | $240 | $282 | $16 | $84 | $726 | $61 |
| Accent SE 2-Dr Hatchback | $118 | $276 | $212 | $12 | $64 | $682 | $57 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Information does not factor in vehicle location which can change premiums greatly.
Based on the figures above, using a $100 deductible would cost the average driver about $26 more each month or $312 each year across all Hyundai Accent models than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 35 months between claims, you would save money if you elect the higher deductible.
Auto insurance does more than just repair your car
Despite the high cost, maintaining insurance may be required and benefits you in several ways.
- Most states have minimum mandated liability insurance limits which means you are required to buy specific limits of liability in order to drive the car. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your vehicle, more than likely the lender will require that you have physical damage coverage to protect their interest in the vehicle. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Hyundai at an extremely high rate and force you to pay the higher premium.
- Insurance safeguards both your car and your assets. It will also cover most medical and hospital costs for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if you cause an accident and are sued. If you have damage to your Hyundai as the result of the weather or an accident, comprehensive and/or collision insurance will pay to repair the damage.
The benefits of buying auto insurance outweigh the cost, particularly if you ever have a claim. The average driver in North Carolina overpays more than $750 every year so compare rate quotes each time the policy renews to be sure current rates are still competitive.
Auto insurance 101
Understanding the coverages of your auto insurance policy helps when choosing the right coverages for your vehicles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverages available from auto insurance companies.
Medical costs insurance – Coverage for medical payments and/or PIP provide coverage for bills for hospital visits, nursing services, prosthetic devices, EMT expenses and ambulance fees. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay
Liability coverages – This coverage will cover damage that occurs to a person or their property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 30/60/25 which stand for a limit of $30,000 per injured person, a total of $60,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.
Liability insurance covers claims like loss of income, medical services, legal defense fees, repair costs for stationary objects and funeral expenses. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford. North Carolina requires drivers to carry at least 30/60/25 but you should think about purchasing higher limits.
The illustration below shows why buying minimum limits may not be adequate.
Comprehensive or Other Than Collision – Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as fire damage, damage from flooding, vandalism, a tree branch falling on your vehicle and hitting a bird. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Because many people have only the minimum liability required by law (North Carolina limits are 30/60/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Frequently the UM/UIM limits are identical to your policy’s liability coverage.
Collision – This pays to fix your vehicle from damage caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as sustaining damage from a pot hole, backing into a parked car and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible on your Accent to save money on collision insurance.
Frequent quotes can save
Affordable Hyundai Accent insurance in Durham is possible online as well as from insurance agents, and you should compare price quotes from both so you have a total pricing picture. A few companies do not offer price quotes online and usually these smaller companies prefer to sell through local independent agents.
We just covered many ideas to lower your Hyundai Accent insurance car insurance rates in Durham. The key concept to understand is the more companies you get premium rates for, the higher your chance of finding low cost Durham auto insurance quotes. You may even be surprised to find that the lowest priced auto insurance comes from a small local company. These smaller insurers may cover specific market segments cheaper than their larger competitors like Allstate and Progressive.
More information can be found below:
- Protecting Teens from Drunk Driving (Insurance Information Institute)
- How Much are Durham Car Insurance Quotes for Ride Shares? (FAQ)
- Who Has the Cheapest Durham Car Insurance Quotes for Homeowners? (FAQ)
- Who Has Affordable Auto Insurance for a Toyota Highlander in Durham? (FAQ)
- Who Has Cheap Car Insurance Quotes for Welfare Recipients in Durham? (FAQ)
- Who Has Affordable Car Insurance Rates for Drivers Under 21 in Durham? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Teenage Males in Durham? (FAQ)
- Who Has Affordable Auto Insurance Rates for Safe Drivers in Durham? (FAQ)
- How Much is Auto Insurance for 4×4 Vehicles in Durham? (FAQ)
- Tread Depth and Tire Safety (State Farm)
- Medical Payments Coverage (Liberty Mutual)
- Teen Driving and Texting (State Farm)