Best Ways to Save on Honolulu Hyundai Accent Insurance

Insurance quote for Hyundai Accent in HonoluluCutting costs on Hyundai Accent insurance in Honolulu might be a challenge for beginners to online price comparisons. With literally dozens of companies in the marketplace, it can quickly become more work than you anticipated to find the lowest price on Hyundai Accent insurance.

How to find low-cost Hyundai Accent insurance in Honolulu

To save the most money, the best way to get low-cost Hyundai Accent insurance is to compare quotes once a year from providers that insure vehicles in Honolulu. Rates can be compared by following these steps.

First, try to learn a little about how insurance companies determine prices and the measures you can control to drop your rates. Many policy risk factors that are responsible for high rates such as multiple speeding tickets and a low credit rating can be amended by making minor driving habit or lifestyle changes. Continue reading for additional ideas to get affordable coverage and find additional discounts you may qualify for.

Second, request rate estimates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO and Allstate, while agents who are independent can provide prices from many different companies. View rates

Third, compare the new rate quotes to your current policy and determine if there is any savings. If you can save money, make sure there is no lapse between the expiration of your current policy and the new one.

An important part of this process is that you’ll want to make sure you compare the same liability limits and deductibles on every price quote and and to get rate quotes from as many companies as you can. Doing this helps ensure an apples-to-apples comparison and a complete price analysis.

It’s a fact that car insurance companies don’t want their customers to go rate shopping. Insureds who shop around for the cheapest price will presumably buy a new policy because of the good chance of finding coverage at a cheaper rate. A survey found that drivers who compared prices regularly saved over $3,400 over four years as compared to drivers who don’t regularly compare prices.

If finding the best price on car insurance in Honolulu is why you’re here, then having an understanding of how to get free comparison quotes and analyze insurance rates can make it easier for you to save money.

Best companies for cheap Hyundai Accent insurance in Hawaii

The companies shown below are our best choices to provide price comparisons in Hawaii. If several companies are displayed, we recommend you compare several of them in order to find the most competitive rates.

Statistics and details

The coverage information displayed next outlines detailed analysis of rate quotes for Hyundai Accent models. Knowing how rates are figured is important to be able to make smart choices when selecting a policy.

Hyundai Accent Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accent Blue 2-Dr Hatchback $80 $174 $254 $16 $76 $600 $50
Accent GS 2-Dr Hatchback $94 $212 $254 $16 $76 $652 $54
Accent GLS 4-Dr Sedan $94 $250 $338 $20 $102 $804 $67
Accent SE 2-Dr Hatchback $108 $288 $254 $16 $76 $742 $62
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Table data does not factor in vehicle location which can lower or raise premium rates greatly.

Physical damage deductible comparison

A question often asked by Honolulu drivers is how high or low should comp and collision deductibles be. The data tables below outline the cost difference between low and high comp and collision deductibles. The first data set uses a $250 deductible for physical damage and the second price chart uses a $500 deductible.

Hyundai Accent insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accent Blue 2-Dr Hatchback $152 $284 $226 $14 $68 $769 $64
Accent GS 2-Dr Hatchback $178 $344 $226 $14 $68 $855 $71
Accent GLS 4-Dr Sedan $178 $406 $300 $18 $90 $1,017 $85
Accent SE 2-Dr Hatchback $204 $468 $226 $14 $68 $1,005 $84
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Hyundai Accent insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accent Blue 2-Dr Hatchback $124 $228 $226 $14 $68 $660 $55
Accent GS 2-Dr Hatchback $144 $278 $226 $14 $68 $730 $61
Accent GLS 4-Dr Sedan $144 $328 $300 $18 $90 $880 $73
Accent SE 2-Dr Hatchback $166 $378 $226 $14 $68 $852 $71
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Price information does not factor in vehicle garaging location which can increase or decrease prices substantially.

Based on the above data, using a $250 deductible would cost the average driver about $11 more each month or $132 annually across all Hyundai Accent models than quoting the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you have at a minimum 23 months between claim filings, you would save money going with the higher deductible.

The information below illustrates how your deductible choice and can impact Hyundai Accent insurance premiums for each age group. The information is based on a married female driver, comprehensive and collision coverage, and no other discounts are factored in.

Should you buy full coverage?

The illustration below illustrates the comparison of Hyundai Accent premium costs with full coverage compared to only the Hawaii minimum liability coverage. The prices are based on no tickets, no at-fault accidents, $1,000 deductibles, drivers are single, and no other discounts are factored in.

When to drop comprehensive and collision coverage

There is no specific rule of when to exclude physical damage insurance, but there is a general convention. If the yearly cost of comp and collision coverage is about 10% or more of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s say your Hyundai Accent settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $6,000 after paying your policy deductible. If it’s costing in excess of $600 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not opt for liability only.

How Insurers Calculate Hyundai Accent Insurance Rates

Many things are part of the calculation when pricing auto insurance. A few of the factors are predictable like your driving record, but others are less obvious such as your credit history and annual miles driven. The best way to find cheaper auto insurance is to take a look at a few of the rating criteria that help determine your auto insurance rates. If you have a feel for what influences your rates, this helps enable you to make changes that may reward you with lower auto insurance prices.

The itemized list below are a few of the “ingredients” utilized by car insurance companies to help set your premiums.

Avoid traffic tickets – Your driving record has a lot to do with how much you pay for insurance. Drivers with clean records get better rates as compared to careless drivers. Even one moving violation can bump up the cost by twenty percent. Drivers unfortunate enough to have license-revoking violations like hit and run, DWI or reckless driving convictions may find they need to file a SR-22 with the DMV in their state in order to legally drive a vehicle.

The information below demonstrates how traffic citations and accidents drive up Hyundai Accent auto insurance costs for different categories of driver ages. The costs are based on a single female driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.

Liability coverage is cheap – Your policy’s liability coverage will protect you when you are found liable for an accident. It will provide you with a defense in court which can cost thousands of dollars. Liability is cheap compared to physical damage coverage, so do not skimp.

Rates may be lower depending on your job – Did you know that where you work can have an impact on rates? Occupations such as military generals, air traffic controllers, and miners tend to have higher premium rates due to stressful work requirements and extremely grueling work hours. Other careers such as scientists, students and performers pay lower than average rates.

Cars with good safety ratings save money – Safer cars tend to be cheaper to insure. Safer cars help reduce the chance of injuries in an accident and lower injury rates translates into fewer and smaller insurance claims and more competitive rates for policyholders.

Combine and save – Most insurers will award a discount to people who consolidate policies with them such as combining an auto and homeowners policy. Even if you’re getting this discount it’s always a smart idea to compare Hyundai Accent rates in Honolulu to make sure you are getting the best deal. Consumers may save more without the discount even if you have your coverage with different companies

Youthful drivers are expensive to insure – More experienced drivers are shown to be more cautious, are lower risk to insure, and get fewer tickets. Teen drivers are statistically shown to be easily distracted when driving with friends so auto insurance rates are higher.

The following chart uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Commute or pleasure use – Driving more miles annually the higher your rates will be. Most insurance companies charge to insure your cars based upon how much you drive. Vehicles not used for work or commuting cost less to insure as compared to vehicles used primarily for driving to work. Make sure your policy states how each vehicle is driven, because improper ratings can cost you money. A policy that improperly rates your Accent is throwing money out the window.

Insurance loss data for a Hyundai Accent – Insurers use statistical claims data to help calculate premium rates. Models that have higher claim amounts or frequency will have increased rates.

The next table illustrates the historical insurance loss data for Hyundai Accent vehicles. For each policy coverage, the statistical loss for all vehicles averaged together is considered to be 100. Percentages below 100 represent a good loss history, while percentage numbers above 100 show a trend for more claims or an increased chance of a larger loss.

Insurance Loss Ratings for Hyundai Accent Vehicles
Specific Hyundai Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Accent 98 109 89 129 129 133

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

Insurance discounts help lower rates for Hyundai Accent insurance in Honolulu

Some insurers don’t always advertise every discount available in an easy-to-find place, so here is a list some of the more common as well as the least known insurance savings.Insurance discounts

Please keep in mind that most of the big mark downs will not be given to the overall cost of the policy. Most only cut specific coverage prices like medical payments or collision. So despite the fact that it appears you could get a free insurance policy, companies don’t profit that way.

The chart below illustrates the comparison of Hyundai Accent insurance costs with and without discounts applied to the rates. The premium estimates are based on a male driver, no accidents or driving violations, Hawaii state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, claim-free, multi-policy, marriage, and homeowner discounts applied.

The best insurance companies and some of the discounts can be found below.

If you want affordable Honolulu car insurance quotes, ask every company what discounts are available to you. All car insurance discounts may not apply to policyholders everywhere.

Independent versus exclusive insurance agents

Some consumers still like to have an agent’s advice and there is nothing wrong with that. A nice benefit of comparing rate quotes online is that you can obtain better rates and also buy local.

Insurance agency in HonoluluAfter completing this short form, your insurance data is sent to local insurance agents in Honolulu who will gladly provide quotes for your business. You won’t need to search for an agent because quoted prices will be sent directly to you. You’ll get the best rates without requiring a lot of work. If for some reason you want to quote rates from a specific insurance company, feel free to navigate to their website and submit a quote form there.

Picking the best insurance company requires you to look at more than just the price. You should also get answers to these questions.

What is the best auto insurance company in Hawaii?

Buying coverage from a high-quality car insurance company is hard considering how many choices drivers have in Hawaii. The rank data in the next section can help you choose which providers to look at comparing rate quotes with.

Best Auto Insurance Companies in Hawaii
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Best Car Insurance Companies

Everyone needs different auto insurance coverages

When selecting proper insurance coverage, there isn’t really a “best” method to buy coverage. Each situation is unique.Higher deductibles save money

For example, these questions may help highlight if you might need an agent’s assistance.

If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form.

Don’t give up on affordable rates

While you’re price shopping online, it’s very important that you do not buy lower coverage limits just to save a few bucks. Too many times, someone sacrificed collision coverage and found out when filing a claim that it was a big mistake. Your goal is to purchase plenty of coverage at the best possible price and still be able to protect your assets.

More affordable auto insurance in Honolulu can be found on the web as well as from independent agents in Honolulu, so you need to quote Honolulu car insurance with both to have the best chance of lowering rates. Some companies do not provide the ability to get a quote online and usually these small insurance companies sell through independent insurance agents.

Drivers leave their current company for many reasons like extreme rates for teen drivers, policy cancellation, lack of trust in their agent or even unfair underwriting practices. It doesn’t matter why you want to switch choosing a new insurance company is pretty simple and you could end up saving a buck or two.

Steps to saving money on Hyundai Accent insurance in Honolulu

The most effective way to find affordable quotes for car insurance rates in Honolulu is to compare quotes annually from insurance carriers that insure vehicles in Hawaii.

Step 1: Try to understand how insurance works and the factors you can control to prevent expensive coverage. Many things that drive up the price like traffic citations, accidents, and a less-than-favorable credit history can be rectified by making minor driving habit or lifestyle changes.

Step 2: Compare prices from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like GEICO and Allstate, while independent agencies can provide prices for a wide range of companies.

Step 3: Compare the price quotes to the price on your current policy and determine if cheaper Accent coverage is available. If you find a better price and buy the policy, ensure there is no coverage lapse between policies.

Step 4: Notify your agent or company to cancel your current coverage and submit a down payment along with a completed application to your new agent or company. As soon as you can, store the certificate verifying proof of insurance in an easily accessible location in your vehicle.

One tip to remember is to compare the same coverage limits and deductibles on each price quote and and to get price quotes from as many companies as you can. This ensures the most accurate price comparison and a better comparison of the market.

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