Cheap Insurance for a Hyundai Genesis in Honolulu

Insurance quote for Hyundai Genesis in HonoluluWould you like to find the cheapest Hyundai Genesis insurance in Honolulu? If you are new to online price comparisons, by this point your are probably baffled by the crazy number local agents and online companies that all promise to save you money.

Unbelievably, almost 70% of drivers have stayed with the same insurance company for over three years, and about 40% of consumers have never even shopped around for affordable coverage. With the average premium in Hawaii being $1,000, drivers could pocket approximately $400 a year by just shopping around, but they underestimate how much savings they would realize if they swap their current policy for a cheaper one.

It’s a good habit to quote other rates occasionally because car insurance prices fluctuate regularly. Just because you had the best deal on Hyundai Genesis insurance in Honolulu at your last renewal the chances are good that you can find a lower rate quote today. There is too much inaccurate information about Genesis insurance online but I’m going to show you the best ways to lower your car insurance bill.

How much is Hyundai Genesis insurance in Honolulu?

When shopping for cheaper Honolulu car insurance quotes, there are a couple of ways to compare quotes from all the different companies. The easiest way by far to find the lowest rates consists of shopping online. When comparison shopping, comparing a large number of companies helps locate more affordable insurance.

The providers in the list below have been selected to offer price comparisons in Hawaii. If multiple companies are listed, it’s a good idea that you compare several of them in order to get a fair rate comparison.

Buying the right Hyundai vehicle insurance in Hawaii is an important decision

Despite the high insurance cost for a Hyundai Genesis in Honolulu, paying for auto insurance is required in Hawaii but also provides important benefits.

First, most states have mandatory liability insurance requirements which means you are required to carry a specific level of liability in order to license the vehicle. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your Genesis has a loan, most banks will stipulate that you have insurance to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Hyundai for a much higher rate and require you to reimburse them for the much more expensive policy.

Third, auto insurance protects both your car and your assets. It will also reimburse you for most medical and hospital costs for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, also covers legal expenses if anyone sues you for causing an accident. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of buying auto insurance definitely exceed the price paid, especially with large liability claims. According to a survey of 1,000 drivers, the average driver overpays more than $830 a year so it’s important to compare rates at least once a year to help ensure money is not being wasted.

Premium rates and analysis

The premium table below outlines a range of insurance coverage prices for Hyundai Genesis models. Learning as much as possible about how premiums are determined can be useful when making smart choices when purchasing an insurance policy.

Hyundai Genesis Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Genesis 2.0T 2-Dr Coupe $188 $378 $330 $20 $100 $1,016 $85
Genesis 3.8 4-Dr Sedan $210 $328 $226 $14 $68 $846 $71
Genesis 2.0T Premium 2-Dr Coupe $210 $378 $330 $20 $100 $1,038 $87
Genesis 3.8 2-Dr Coupe $210 $378 $330 $20 $100 $1,038 $87
Genesis 2.0T Track 2-Dr Coupe $210 $378 $330 $20 $100 $1,038 $87
Genesis 3.8 Grand Touring 2-Dr Coupe $210 $378 $330 $20 $100 $1,038 $87
Genesis 4.6 4-Dr Sedan $210 $378 $226 $14 $68 $896 $75
Genesis 3.8 Track 2-Dr Coupe $210 $426 $330 $20 $100 $1,086 $91
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Premium amounts do not factor in specific garaging location which can affect auto insurance rates greatly.

Deductible analysis

One of the more difficult decisions when buying auto insurance is how low should you set your deductibles. The following insurance rates highlight how much more you’ll pay of buying low and high insurance deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Hyundai Genesis insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Genesis 2.0T 2-Dr Coupe $258 $558 $330 $20 $100 $1,291 $108
Genesis 3.8 4-Dr Sedan $286 $484 $226 $14 $68 $1,103 $92
Genesis 2.0T Premium 2-Dr Coupe $286 $558 $330 $20 $100 $1,319 $110
Genesis 3.8 2-Dr Coupe $286 $558 $330 $20 $100 $1,319 $110
Genesis 2.0T Track 2-Dr Coupe $286 $558 $330 $20 $100 $1,319 $110
Genesis 3.8 Grand Touring 2-Dr Coupe $286 $558 $330 $20 $100 $1,319 $110
Genesis 4.6 4-Dr Sedan $286 $558 $226 $14 $68 $1,177 $98
Genesis 3.8 Track 2-Dr Coupe $286 $632 $330 $20 $100 $1,393 $116
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Hyundai Genesis insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Genesis 2.0T 2-Dr Coupe $142 $294 $330 $20 $100 $886 $74
Genesis 3.8 4-Dr Sedan $158 $256 $226 $14 $68 $722 $60
Genesis 2.0T Premium 2-Dr Coupe $158 $294 $330 $20 $100 $902 $75
Genesis 3.8 2-Dr Coupe $158 $294 $330 $20 $100 $902 $75
Genesis 2.0T Track 2-Dr Coupe $158 $294 $330 $20 $100 $902 $75
Genesis 3.8 Grand Touring 2-Dr Coupe $158 $294 $330 $20 $100 $902 $75
Genesis 4.6 4-Dr Sedan $158 $294 $226 $14 $68 $760 $63
Genesis 3.8 Track 2-Dr Coupe $158 $332 $330 $20 $100 $940 $78
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Table data does not factor in specific zip code location which can revise rates considerably.

Based on the data above, we can derive that using a $100 deductible will cost in the ballpark of $35 more each month or $420 a year across all Hyundai Genesis models than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 26 months between claim filings, you would most likely save money if you choose a higher deductible. Here is a better example of how we made this calculation.

Average monthly premium for $100 deductibles: $107
Average monthly premium for $1,000 deductibles (subtract): – $72
Monthly savings from raising deductible: $35
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $35
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

The diagram below illustrates how your deductible choice and can raise or lower Hyundai Genesis insurance premiums for different age categories. Data assumes a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Rate increases following a ticket or accident

The diagram below demonstrates how traffic citations and fender-benders impact Hyundai Genesis annual premium costs for different categories of driver ages. The data is based on a married male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

Auto insurance rates based on gender in Honolulu

The information below shows the comparison of Hyundai Genesis insurance premiums for male and female drivers. The price estimates are based on no claims or violations, full physical damage coverage, $100 deductibles, single marital status, and no policy discounts are applied.

Full coverage or liability only

The example below compares Hyundai Genesis insurance prices when comparing full coverage to liability only. The data assumes no claims or driving citations, $100 deductibles, drivers are single, and no other discounts are factored in.

When to eliminate full coverage

There is no specific rule that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let’s say your Hyundai Genesis claim settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $5,000 after the deductible is paid. If you are paying over $500 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are a few cases where removing full coverage is not financially feasible. If you still owe money on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not buy liability only.

Get affordable rates with discounts

Auto insurance companies don’t always list the complete list of policy discounts in a way that’s easy to find, so the following list contains some of the more common in addition to some of the lesser obvious discounts you could be receiving when you buy Honolulu car insurance online.Cheaper car insurance with discounts

Keep in mind that most of the big mark downs will not be given to your bottom line cost. The majority will only reduce specific coverage prices like medical payments or collision. So even though they make it sound like having all the discounts means you get insurance for free, car insurance companies aren’t that generous. Any qualifying discounts will bring down the amount you pay for coverage.

The diagram below compares Hyundai Genesis insurance prices with and without discounts applied to the rates. Data assumes a male driver, no violations or accidents, Hawaii state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, safe-driver, multi-car, and marriage discounts applied.

To locate companies who offer online Hyundai Genesis insurance quotes in Honolulu, click here to view.

Are car insurance agents a thing of the past?

Many people still like to get advice from a local agent and that is recommended in a lot of cases The best thing about getting free rate quotes online is the fact that drivers can get cheap auto insurance rates and still buy from a local agent. Buying insurance from local agents is definitely important in Honolulu.

Insurance agency in HonoluluTo find an agent, once you fill out this quick form, the quote information is submitted to local insurance agents in Honolulu who will give you quotes for your insurance coverage. There is no reason to contact any insurance agencies due to the fact that quote results will go directly to you. You can find lower rates AND an agent nearby. If you wish to get a rate quote for a specific company, just search and find their rate quote page and submit a quote form there.

Types of auto insurance agents

If you prefer to buy auto insurance from a local agent, it can be helpful to understand the types of agencies that differ in how they can insure your vehicles. Auto insurance agents in Honolulu can be classified as either independent (non-exclusive) or exclusive.

Independent Auto Insurance Agents (or Brokers)

Agents in the independent channel do not work for one specific company and that is an advantage because they can write policies with an assortment of companies and get you the best rates possible. If you are not satisfied with one company, your policy is moved internally and you don’t have to find a new agent. When comparing rates, you absolutely need to get quotes from multiple independent agents in order to have the best price comparison. Many independent agencies also insure through companies you’ve never heard of who may have lower rates.

Featured below is a partial list of independent agents in Honolulu that may be able to provide free price quotes.

View more Honolulu agents

Exclusive Auto Insurance Agencies

Exclusive agencies generally can only insure with one company such as State Farm, Allstate, and Farm Bureau. These agents are unable to provide prices from multiple companies so you might not find the best rates. Exclusive agents are well schooled on what they offer which helps offset the inability to provide other markets. Consumers frequently buy from exclusive agents mostly because of the brand rather than having the cheapest rates.

Below are Honolulu exclusive insurance agents willing to provide comparison quotes.

View more Honolulu agents

Selecting an auto insurance agent is decision based upon more than just a low price. These are some questions you should get answers to.

Your situation helps dictate your coverage

When it comes to adequate coverage for your vehicles, there isn’t really a best way to insure your cars. Everyone’s situation is a little different.Auto insurance savings

For instance, these questions can help discover whether you will benefit from professional help.

If you’re not sure about those questions then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form.

Quote more and you will save more

The cheapest Hyundai Genesis insurance in Honolulu can be found from both online companies as well as from independent agents in Honolulu, so you should be comparing quotes from both to get a complete price analysis. A few companies do not provide online rate quotes and most of the time these small insurance companies sell through independent insurance agents.

When searching for low cost Honolulu car insurance quotes, it’s very important that you do not skimp on coverage in order to save money. There have been many situations where an insured cut physical damage coverage only to regret at claim time that they should have had better coverage. Your goal is to purchase a proper amount of coverage at the lowest possible cost while still protecting your assets.

Consumers change insurance companies for many reasons like policy non-renewal, policy cancellation, questionable increases in premium and even an unsatisfactory settlement offer. Regardless of your reason, switching insurance companies can be pretty painless.

How to find low-cost Hyundai Genesis insurance in Honolulu

If your goal is the lowest price, then the best way to get discount auto insurance rates is to compare quotes once a year from providers in Honolulu. Price quotes can be compared by following these steps.

  1. Get an understanding of the coverage provided by your policy and the things you can control to prevent rate increases. Many rating criteria that are responsible for high rates such as tickets, at-fault accidents, and an unacceptable credit rating can be rectified by paying attention to minor details.
  2. Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like Progressive or Allstate, while agents who are independent can provide prices for many different companies.
  3. Compare the quotes to your existing coverage to see if switching to a new carrier will save money. If you can save some money and switch companies, ensure there is no coverage lapse between policies.
  4. Notify your company or agent of your decision to cancel your current policy and submit payment along with a signed and completed policy application to the new company. Once received, safely store the proof of insurance certificate in a readily accessible location in your vehicle.

The key thing to remember is that you use the same liability limits and deductibles on each quote and and to get price estimates from as many carriers as you can. This provides an accurate price comparison and a thorough selection of prices.

Much more information about insurance in Hawaii can be read below: