It’s easy to assume that car insurance companies don’t want you shop around. Drivers who compare rates annually will, in all likelihood, switch to a new company because there is a significant possibility of finding a policy with more affordable rates. Remarkably, a study showed that drivers who compared rate quotes regularly saved an average of $860 a year compared to other drivers who never compared rates.
If finding the lowest rates on car insurance in Honolulu is your target objective, then having an understanding of how to compare insurance coverage can help simplify the task of finding more affordable coverage.
The best way we recommend to find better pricing on Hyundai Sonata insurance is to make a habit of comparing prices annually from providers in Honolulu. Rates can be compared by following these steps.
- Get a basic knowledge of the different coverages in a policy and the factors you can control to drop your rates. Many risk factors that cause high rates such as traffic citations, accidents, and a not-so-good credit rating can be rectified by improving your driving habits or financial responsibility.
- Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive or Allstate, while independent agents can provide rate quotes for a wide range of companies. Compare rates
- Compare the price quotes to your current policy premium and determine if there is any savings. If you can save money and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Provide notification to your current agent or company to cancel your existing policy. Submit a completed application and payment to your new insurance company. As soon as coverage is bound, store the proof of insurance paperwork along with your vehicle registration.
One important bit of advice is to make sure you enter the same physical damage deductibles and liability limits on each quote request and and to get rates from every company you can. Doing this guarantees a level playing field and a complete price analysis.
Finding quotes for the most affordable car insurance coverage in Honolulu is not as confusing as people think. Virtually every person who is shopping for car insurance will most likely get a lower-priced policy. Although Hawaii car owners do need to learn the way companies sell online because it can help you find the best coverage.
Best companies for Hyundai Sonata insurance
The providers in the list below are our best choices to provide free quotes in Honolulu, HI. If more than one company is shown, we suggest you visit as many as you can in order to get a fair rate comparison.
Rates and statistics
The table displayed next outlines a range of insurance rates for Hyundai Sonata models. Learning how auto insurance premiums are figured is important for drivers to make decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $200 | $396 | $362 | $22 | $108 | $1,088 | $91 |
| Sonata GLS 4-Dr Sedan | $200 | $396 | $362 | $22 | $108 | $1,088 | $91 |
| Sonata GLS 4-Dr Sedan | $200 | $396 | $362 | $22 | $108 | $1,088 | $91 |
| Sonata SE 4-Dr Sedan | $200 | $468 | $362 | $22 | $108 | $1,160 | $97 |
| Sonata SE 4-Dr Sedan | $200 | $468 | $362 | $22 | $108 | $1,160 | $97 |
| Sonata Limited 4-Dr Sedan | $226 | $468 | $362 | $22 | $108 | $1,186 | $99 |
| Sonata Limited 4-Dr Sedan | $226 | $468 | $362 | $22 | $108 | $1,186 | $99 |
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Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Price information does not factor in zip code location which can modify prices considerably.
Insurance rate increases from tickets or accidents
The chart below illustrates how traffic citations and accidents impact Hyundai Sonata car insurance rates for each age group. The premiums assume a single female driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.
Full coverage rates vs. liability-only in Honolulu
The chart below visualizes the comparison of Hyundai Sonata car insurance costs when comparing full coverage to liability only. The costs are based on a clean driving record, no at-fault accidents, $250 deductibles, single status, and no discounts are applied.
Are you wasting money on full coverage?
There is no exact formula to stop buying full coverage, but there is a general school of thought. If the yearly cost of full coverage is 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 Sonata settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $5,000 after the policy deductible has been paid. If you are paying over $500 a year for your policy with full coverage, then it might be time to consider dropping full coverage.
There are a few cases where eliminating full coverage is not a good plan. If you still owe money on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
Hyundai Sonata Insurance Premium Factors
The best way to find cheaper auto insurance is to take a look at some of the things that come into play when calculating your policy premiums. When consumers understand what determines base rates, this enables you to make decisions that may result in much lower annual insurance costs.
The itemized list below are just a few of the factors utilized by car insurance companies to help set your rates.
Certain occupations pay higher rates – Did you know your career choice can influence rates? Careers such as fire fighters, airline pilots, and emergency personnel tend to have the highest average rates in part from stressful work requirements and lengthy work days. Conversely, occupations like farmers, students and the unemployed have lower than average premiums.
Which gender costs less? – The statistics show women are more cautious behind the wheel. It does not mean women are BETTER drivers than men. Both sexes are in accidents at about the same rate, but males cause more damage. They also get more serious tickets like driving under the influence (DUI). Young males have the highest risk to insure so they pay the highest premiums.
The example below visualizes the comparison of Hyundai Sonata insurance prices for male and female drivers. The premiums assume no driving violations, no at-fault accidents, full physical damage coverage, $100 deductibles, marital status is single, and no additional discounts are factored in.
Small coverages can add up – Policies have extra add-on coverages that can add up but may not be useful. Coverage for things like roadside assistance, towing, and membership fees are some examples. You may think they are a good idea at first, but if you have no use for them consider taking them off your policy.
Discounts for theft deterrents – Choosing a vehicle with an alarm system can save you some money. Theft deterrent systems like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder vehicle theft.
How much liability protection – The liability coverage on your policy will provide protection if ever you are determined to be liable for causing personal injury or damage in an accident. It will provide legal defense to defend your case. Liability insurance is pretty cheap when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.
Lower rates by increasing comp and collision deductibles – The deductibles you choose are how much you are willing to pay if the claim is covered. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Some instances where coverage would apply are rear-ending another vehicle, vandalism, and having a roll-over accident. The more of the claim you’re willing to pay, the lower your rates will be.
Single drivers take more risk – Having a spouse can get you a discount on your auto insurance policy. Having a spouse translates into being less irresponsible and statistics show drivers who are married are more cautious.
With age comes responsibility – Teen drivers in Hawaii are statistically shown to be less responsible behind the wheel and because of this, their auto insurance rates are much higher. Mature drivers tend to be more responsible, cause fewer claims and accidents, and are safer drivers.
The data below uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.
Insurance losses for a Hyundai Sonata – Insurance companies analyze past claim statistics when they set coverage costs for each model. Models that historically have higher loss trends will cost more to insure.
The information below illustrates the historical loss data for Hyundai Sonata vehicles. For each coverage type, the loss probability for all vehicles as a whole is considered to be 100. Values that are 100 or less suggest a positive loss record, while numbers that are greater than 100 point to more frequent losses or tendency to have higher losses.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Hyundai Sonata | 129 | 88 | 101 | 138 | 149 | 110 |
| Hyundai Sonata Hybrid | 142 | 116 | 119 | 124 | 138 | 121 |
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Affordable rates on Hyundai Sonata insurance in Honolulu with these auto insurance discounts
Companies that sell car insurance do not list all discounts in a way that’s easy to find, so the list below details some of the more common and also the more inconspicuous auto insurance savings. If you aren’t receiving every discount you qualify for, you are paying more than you should be.
- Student Driver Training – Teen drivers should complete a driver education course in school.
- Early Payment Discounts – By making one initial payment instead of paying each month you can avoid the installment charge.
- Memberships – Being in specific professional or occupational memberships or organizations is a good way to get lower rates on your bill.
- Lower Rates for Military – Being deployed with a military unit may lower your prices slightly.
- Senior Citizen Discount – Older drivers can get a slight reduction on a Honolulu car insurance quote.
- Discounts for Multiple Vehicles – Drivers who insure more than one vehicle with the same company can reduce the rates for all insured vehicles.
- Safety Course Discount – Passing a safe driver course could cut 5% off your bill and make you a better driver.
- Smart Student Discounts – This discount may save as much as 25% on a Honolulu car insurance quote. Many companies even apply the discount to college students up to age 25.
- Honolulu Homeowners Discount – Just being a homeowner can save a few bucks since home ownership means you have a higher level of financial diligence.
As is typical with insurance, most discounts do not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like liability and collision coverage. So even though it sounds like it’s possible to get free car insurance, it’s just not the way it works.
The information below shows the difference between Hyundai Sonata car insurance rates with and without discounts being applied to the rates. The information is based on a female driver, a clean driving record, no claims, Hawaii state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, safe-driver, multi-car, homeowner, and marriage discounts applied.
Car insurance companies that may offer quotes with many of the previously listed discounts possibly include:
Double check with each insurance company how you can save money. Some credits might not apply in your area. To locate insurers that provide some of the discounts listed above in Hawaii, click here to view.
Independent versus exclusive insurance agencies
Some people just prefer to buy from a local agent and that is just fine! One of the great benefits of comparing insurance prices online is you can get better rates and still have a local agent. Supporting local insurance agents is still important in Honolulu.
To make it easy to find an agent, after completing this quick form, the quote information is submitted to participating agents in Honolulu that give free quotes for your insurance coverage. There is no need to search for an agent as quotes are delivered instantly 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 particular provider, you just need to search and find their rate quote page and give them your coverage information.
If you are wanting to purchase auto insurance from a reputable insurance agent or broker, it can be helpful to understand the different types of agencies and how they differ in how they quote coverages. Auto insurance agents in Honolulu are classified as either exclusive or independent.
Independent Insurance Agents
Agents in the independent channel often have many company appointments and that allows them to write policies with multiple insurance companies and possibly get better coverage at lower prices. If they quote lower rates, an independent agent can move your coverage and the insured can keep the same agent. If you need lower rates, it’s recommended you include a couple of independent agencies in order to compare the most rates. They often place coverage with less well-known companies which could offer lower prices.
Shown below are independent agents in Honolulu that may be able to give rate quotes.
- Rosten Y Tsuha Insurance Agency Inc
1350 S King St #303 – Honolulu, HI 96814 – (808) 591-5545 – View Map - Cavanah Associates, Inc.
1100 Alakea St #2600 – Honolulu, HI 96813 – (808) 537-1970 – View Map - First Insurance Co of Hawaii Limited
1100 Ward Ave # Main, Honolulu, HI 96814, Honolulu, 96818 – Honolulu, HI 96818 – (808) 527-7777 – View Map
Exclusive Agencies
Agents that choose to be exclusive can only quote rates from one company and some examples include AAA, Allstate, and State Farm. These agents are unable to provide prices from multiple companies so it’s a take it or leave it situation. Exclusive insurance agents are well schooled in insurance sales which helps them sell insurance even at higher premiums. Some people will only buy from the same agent for years primarily because of the brand name rather than low price.
The following is a short list of exclusive agencies in Honolulu willing to provide price quotes.
- Kevin Takahashi – State Farm Insurance Agent
1284 Kalani St d108 – Honolulu, HI 96817 – (808) 845-0069 – View Map - Larry Bolibol – State Farm Insurance Agent
2153 N King St #108a – Honolulu, HI 96819 – (808) 847-0835 – View Map - Allstate Insurance: Ricky N. Bonilla
2024 N King St #101b – Honolulu, HI 96819 – (808) 842-5844 – View Map
Picking the best insurance agent shouldn’t rely on just the quoted price. Any good agent in Honolulu should know the answers to these questions.
- What company holds the largest book of business for them?
- Which members of your family are coverage by the policy?
- Are they actively involved in the community?
- How would your car be valued if totaled?
- Do they receive special compensation for putting your coverage with one company over another?
Once you have received good responses to any questions you may have and an acceptable price quote, you may have found an auto insurance agent that can be trusted to properly insure your vehicles. But keep in mind it’s your policy and you can terminate your policy when you choose so don’t think that you are permanently stuck with your new company for any length of time.
Everyone needs different auto insurance coverages
Always remember that when buying the right insurance coverage, there really is no one size fits all plan. Every insured’s situation is different.
For instance, these questions may help highlight whether or not you would benefit from an agent’s advice.
- Why am I required to get a high-risk car insurance policy?
- Is my custom stereo system covered?
- What is PIP insurance?
- Are rental cars covered under my policy?
- When would I need rental car insurance?
- Is there a penalty for late payment?
- What is an adequate liability insurance limit?
- Am I missing any policy discounts?
- Does every company file a SR-22 automatically?
If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, simply complete this short form.
In Summary
We just showed you a lot of ways to lower your Hyundai Sonata insurance premium rates in Honolulu. The key concept to understand is the more rate comparisons you have, the higher your chance of finding inexpensive Honolulu car insurance quotes. Drivers may even discover the best price on car insurance is with some of the lesser-known companies.
Consumers who switch companies do it for a number of reasons such as questionable increases in premium, lack of trust in their agent, high rates after DUI convictions or even policy cancellation. No matter why you want to switch, switching companies can be less work than you think.
Lower-priced Hyundai Sonata insurance in Honolulu is attainable on the web in addition to many Honolulu insurance agents, so you should compare both in order to have the best price selection to choose from. Some companies may not have online rate quotes and these regional insurance providers only sell coverage through independent agents.
For more information, feel free to browse these articles:
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- How Much are Auto Insurance Quotes for Drivers Under 21 in Honolulu? (FAQ)
- Who Has Cheap Honolulu Car Insurance Rates for Welfare Recipients? (FAQ)
- Who Has the Cheapest Honolulu Auto Insurance for a Honda Accord? (FAQ)
- What Car Insurance is Cheapest for Safe Drivers in Honolulu? (FAQ)
- Vehicle Safety Ratings (iihs.org)
- Car Insurance: When not to Skimp (BankRate.com)