Save Money on Hyundai Sonata Insurance in Orlando

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Hyundai Sonata insurance image courtesy of QuoteInspector.com

The recommended way to get more affordable Hyundai Sonata insurance in Orlando is to regularly compare prices from providers that insure vehicles in Florida.

  1. Gain an understanding of how companies price auto insurance and the measures you can control to prevent rate increases. Many factors that cause high rates like at-fault accidents, careless driving, and a substandard credit score can be rectified by being financially responsible and driving safely. Later in this article we will cover more details to get affordable coverage and earn larger discounts.
  2. Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from one company like Progressive or State Farm, while independent agents can give you price quotes for a wide range of companies. View companies
  3. Compare the new rate quotes to your existing coverage and determine if there is any savings. If you find a lower rate and change companies, make sure coverage is continuous and does not lapse.

One bit of advice is that you'll want to make sure you compare identical coverages on each quote and and to get rates from as many carriers as you can. This guarantees an accurate price comparison and a complete price analysis.

Insurance quote for Hyundai Sonata in OrlandoIt's an obvious assumption that auto insurance companies want to keep you from shopping around. Consumers who shop for lower rates are likely to switch to a new company because of the good chance of finding a policy with more affordable rates. A study discovered that people who made a habit of comparing rates saved on average $865 a year compared to drivers who never compared rates.

If finding the lowest price on insurance in Orlando is why you're here, then learning a little about the best way to quote and compare coverage rates can save time, money, and frustration.

If you already have coverage, you will be able to save money using the concepts you're about to learn. Quoting and comparing rates for the most affordable protection in Orlando is simple if you know the tricks. But Florida vehicle owners benefit from understanding the way companies calculate their prices and apply this information to your search.

To get affordable Hyundai Sonata insurance quotes, there a variety of ways to obtain and compare prices from car insurance companies in your area. The best way to do a complete rate comparison consists of shopping online.

Just remember that quoting more helps you find better pricing.

The companies shown below can provide price quotes in Florida. To find the best cheap auto insurance in FL, we recommend you visit several of them in order to find the most competitive rates.

Hyundai Sonata coverage statistics

The data table below highlights a range of insurance rates for Hyundai Sonata models. Having a better idea how auto insurance premiums are calculated can help customers make decisions on which insurance to purchase.

Hyundai Sonata Insurance Rates in Orlando, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $294 $500 $486 $28 $146 $1,454 $121
Sonata GLS 4-Dr Sedan $294 $500 $486 $28 $146 $1,454 $121
Sonata GLS 4-Dr Sedan $294 $500 $486 $28 $146 $1,454 $121
Sonata SE 4-Dr Sedan $294 $588 $486 $28 $146 $1,542 $129
Sonata SE 4-Dr Sedan $294 $588 $486 $28 $146 $1,542 $129
Sonata Limited 4-Dr Sedan $332 $588 $486 $28 $146 $1,580 $132
Sonata Limited 4-Dr Sedan $332 $588 $486 $28 $146 $1,580 $132
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Rate information does not factor in garaging location in Orlando which can increase or decrease price quotes noticeably.

Should you raise deductibles?

One of the most common insurance questions is which deductible level should you buy. The data tables below summarize the rate difference when you choose different deductibles. The first table uses a $100 deductible for comp and collision and the second price table uses a $500 deductible.

Hyundai Sonata insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $358 $648 $472 $28 $142 $1,673 $139
Sonata GLS 4-Dr Sedan $358 $648 $472 $28 $142 $1,673 $139
Sonata GLS 4-Dr Sedan $358 $648 $472 $28 $142 $1,673 $139
Sonata SE 4-Dr Sedan $358 $764 $472 $28 $142 $1,789 $149
Sonata SE 4-Dr Sedan $358 $764 $472 $28 $142 $1,789 $149
Sonata Limited 4-Dr Sedan $406 $764 $472 $28 $142 $1,837 $153
Sonata Limited 4-Dr Sedan $406 $764 $472 $28 $142 $1,837 $153
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Hyundai Sonata insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $262 $438 $472 $28 $142 $1,342 $112
Sonata GLS 4-Dr Sedan $262 $438 $472 $28 $142 $1,342 $112
Sonata GLS 4-Dr Sedan $262 $438 $472 $28 $142 $1,342 $112
Sonata SE 4-Dr Sedan $262 $516 $472 $28 $142 $1,420 $118
Sonata SE 4-Dr Sedan $262 $516 $472 $28 $142 $1,420 $118
Sonata Limited 4-Dr Sedan $296 $516 $472 $28 $142 $1,454 $121
Sonata Limited 4-Dr Sedan $296 $516 $472 $28 $142 $1,454 $121
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rates do not factor in vehicle location which can decrease or increase insurance rates considerably.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs about $30 more each month or $360 for a full year across all Hyundai Sonata models than opting for the higher $500 deductible. Since you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 13 months between claims, you would probably save some money by selecting a higher deductible.

The illustration below shows how choosing a deductible and can increase or decrease Hyundai Sonata insurance rates for each different age group. The premiums assume a married female driver, full coverage, and no discounts are taken into consideration.

Impact of careless driving on insurance rates

The example below demonstrates how citations and at-fault collisions can impact Hyundai Sonata insurance costs for each age group. Data assumes a single male driver, full coverage, $500 deductibles, and no discounts are applied to the premium.

Liability only or full coverage

The information below shows the comparison of Hyundai Sonata auto insurance costs with full coverage and liability only. The data is based on no tickets, no at-fault accidents, $1,000 deductibles, marital status is single, and no policy discounts are applied.

When to drop comp and collision

There is no definitive rule to stop paying for full coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let's assume your Hyundai Sonata claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $2,000 after you pay the deductible. If premium cost is more than $200 a year for your policy with full coverage, then it might be time to buy liability only.

There are some scenarios where eliminating full coverage is not in your best interest. If you haven't paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not consider dropping full coverage.

Why you need Hyundai vehicle insurance in Florida

Even though Orlando Sonata insurance rates can get expensive, buying car insurance serves an important purpose.

First, almost all states have mandatory liability insurance requirements which means the state requires a specific minimum amount of liability insurance coverage in order to drive the car. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you took out a loan on your Sonata, it's guaranteed your bank will have a requirement that you buy insurance to protect their interest in the vehicle. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Hyundai for a much higher rate and force you to pay a much higher amount than you were paying before.

Third, insurance safeguards both your car and your personal assets. It also can pay for many types of medical costs for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, also pays expenses related to your legal defense if you are sued as the result of your driving. If you have damage to your Hyundai as the result of the weather or an accident, comprehensive and collision coverage will pay to repair the damage.

The benefits of having insurance more than offset the price you pay, especially if you ever need it. Despite what companies tell you, the average driver is overpaying over $865 each year so it's very important to do a rate comparison each time the policy renews to ensure rates are competitive.

Learn about insurance coverages for a Hyundai Sonata

Having a good grasp of your policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Auto liability

Liability insurance protects you from damage or injury you incur to people or other property that is your fault. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 10/20/10 that translate to a $10,000 limit per person for injuries, a total of $20,000 of bodily injury coverage per accident, and a limit of $10,000 paid for damaged property.

Liability coverage protects against claims such as repair costs for stationary objects, court costs and loss of income. How much liability coverage do you need? That is a personal decision, but it's cheap coverage so purchase as large an amount as possible. Florida requires minimum liability limits of 10/20/10 but you should consider buying more liability than the minimum.

The chart below shows why buying low liability limits may not be enough.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for hospital visits, funeral costs and dental work. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision coverage

Collision insurance pays for damage to your Sonata resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like driving through your garage door, hitting a mailbox, hitting a parking meter, rolling your car and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to increase the deductible on your Sonata to save money on collision insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the "other guys" either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle's occupants and damage to your Hyundai Sonata.

Since many Florida drivers have only the minimum liability required by law (Florida limits are 10/20/10), it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Comprehensive auto coverage

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like damage from flooding, theft and damage from a tornado or hurricane. The maximum amount your insurance company will pay is the ACV or actual cash value, so if it's not worth much more than your deductible it's not worth carrying full coverage.