Affordable Durham Hyundai Accent Insurance

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.

Insurance quote for Hyundai Accent in DurhamThe 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.

Hyundai Accent Insurance Rates in Durham, NC
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
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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.

Hyundai Accent insurance premium rates with $100 deductibles
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
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Hyundai Accent insurance premium rates with $1,000 deductibles
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
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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.

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.

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