Tired of being strong-armed to pay your insurance bill each month? You're in the same situation as most other drivers in Florida.
Sad but true, a large majority of insurance policyholders kept buying from the same company for at least the last four years, and just short of a majority have never compared rates from other carriers. Florida drivers could pocket 55% a year, but they think it's difficult to save money by comparing rate quotes.
How to save money on Hyundai Accent insurance in Jacksonville
If you want to find the absolute lowest rates, then the best way to get discount Hyundai Accent insurance is to start doing an annual price comparison from providers who sell auto insurance in Jacksonville. Prices can be compared by completing these steps.
Step 1: Get an understanding of individual coverages and the things you can change to keep rates low. Many policy risk factors that cause high rates such as accidents, traffic tickets, and a substandard credit score can be remedied by being financially responsible and driving safely. Later in this article we will cover more details to help reduce prices and earn larger discounts.
Step 2: Get rate quotes 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 State Farm, while independent agents can provide prices from multiple insurance companies.
Step 3: Compare the new rates to your current policy premium to see if a cheaper rate is available in Jacksonville. If you find better rates and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
The key thing to remember is that you'll want to compare identical deductibles and limits on every quote and and to get prices from as many different companies as possible. This enables an apples-to-apples comparison and the best price selection.
Multiple insurance companies compete for your business, and it can be difficult to compare rates and uncover the absolute best price available on Hyundai Accent insurance in Jacksonville.
Consumers should take time to get comparison quotes yearly because prices are adjusted regularly by insurance companies. Just because you found the best rates on Hyundai Accent insurance in Jacksonville a year ago there is a good chance you can find better rate quotes now. Ignore everything you know about insurance because you're about to learn the tricks you need to know to find great coverage at a great price.
If you have a policy now, you will most likely be able to get lower rates using the tips covered below. Locating the most cost-effective insurance policy in Jacksonville is actually very simple if you learn how to start. But Florida car owners need to learn how the larger insurance companies market on the web because it varies considerably.
To find cheaper rates, there are a couple of ways to obtain and compare prices from different companies. The best method to compare Hyundai Accent insurance prices consists of shopping online.
Doing price comparisons online is so simple that it replaces the need to call or drive to different agent offices. The fact that you can get quotes online makes this unnecessary unless your situation requires the advice and guidance of a local agency. Drivers can price shop online but have your policy serviced through an agent. When price shopping your coverage, comparing all the rates in your area gives you a better chance of getting the best offered rates.
The companies in the list below offer price quotes in Jacksonville, FL. If several companies are displayed, it's a good idea that you visit as many as you can to get the best price comparison.
Hyundai Accent insurance discounts in Jacksonville
Companies that sell car insurance do not advertise every discount they offer very well, so we break down some of the more common and the more hidden auto insurance savings.
- Fewer Miles Equal More Savings - Low mileage vehicles may allow you to get substantially lower prices.
- Anti-theft System - Cars and trucks with anti-theft systems help deter theft and will qualify for a discount on a Jacksonville auto insurance quote.
- Pay Upfront and Save - If you pay your bill all at once as opposed to paying monthly you could save up to 5%.
- Active Military Service - Having a family member in the military may lower your prices slightly.
- Student Discount for Driver Training - Require your teen driver to successfully take a driver's education course if offered at their school.
- ABS Brakes - Anti-lock brake equipped vehicles prevent accidents and therefore earn up to a 10% discount.
- E-sign - A few auto insurance companies will give you a small discount for buying your policy online.
- Home Ownership Discount - Simply owning a home may earn you a small savings since owning and maintaining a home means you have a higher level of financial diligence.
- Memberships - Joining specific professional or occupational memberships or organizations could qualify you for a break when getting a Jacksonville auto insurance quote.
Discounts lower rates, but some of the credits will not apply to the entire cost. Some only apply to specific coverage prices like comprehensive or collision. So even though you would think you would end up receiving a 100% discount, that's just not realistic. Any qualifying discounts should definitely cut the amount you have to pay.
The example below shows the difference between Hyundai Accent car insurance rates with and without policy discounts. The premiums are based on a male driver, a clean driving record, no at-fault accidents, Florida 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 marriage, multi-car, multi-policy, claim-free, safe-driver, and homeowner discounts applied.
The best auto insurance companies and some of the premium reductions they offer are:
- Progressive offers discounts including homeowner, good student, online signing, online quote discount, multi-policy, multi-vehicle, and continuous coverage.
- GEICO may have discounts that include driver training, multi-policy, air bags, defensive driver, multi-vehicle, and seat belt use.
- State Farm may include discounts for Drive Safe & Save, multiple policy, student away at school, good driver, and accident-free.
- Esurance policyholders can earn discounts including emergency road assistance, paid-in-full, safety device, DriveSense, claim free, good driver, and Switch & Save.
- The Hartford has savings for air bag, bundle, vehicle fuel type, anti-theft, good student, defensive driver, and driver training.
Check with each company or agent to apply every possible discount. Some credits may not be offered in your state. If you would like to see a list of providers with discount auto insurance rates in Jacksonville, click this link.
Analysis of Hyundai Accent rates
The premium table shown next highlights estimates of rate quotes for Hyundai Accent models. Understanding how policy rates are formulated is important for you to make smart choices when buying a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accent Blue 2-Dr Hatchback||$144||$276||$362||$22||$108||$912||$76|
|Accent GS 2-Dr Hatchback||$168||$334||$362||$22||$108||$994||$83|
|Accent GLS 4-Dr Sedan||$168||$394||$480||$28||$144||$1,214||$101|
|Accent SE 2-Dr Hatchback||$194||$454||$362||$22||$108||$1,140||$95|
|Get Your Own Custom Quote Go|
Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Table data does not factor in specific location which can raise or lower premiums greatly.
The diagram below illustrates how choosing a deductible and can change Hyundai Accent annual premium costs for each age group. The rate quotes are based on a single female driver, full coverage, and no discounts are taken into consideration.
How much more does full coverage cost in Jacksonville?
The chart below visualizes the comparison of Hyundai Accent premium costs when comparing full coverage to state minimum liability only. The data assumes no claims or driving citations, $100 deductibles, single marital status, and no discounts are factored in.
When to buy liability coverage only
There is no specific rule of when to exclude comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.
For example, let's pretend your Hyundai Accent settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after paying the physical damage deductible. If you are paying in excess of $400 annually for full coverage, then it's probably a good time to buy liability coverage only.
There are some circumstances where dropping full coverage is not financially feasible. If you haven't satisfied your loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not remove full coverage.
How Your Accent Insurance Premiums are Determined
Many different elements are used in the calculation when you get a price on insurance. Some are pretty understandable like an MVR report, but other criteria are more obscure like your vehicle usage or your vehicle rating.
The itemized list below are a few of the things auto insurance companies consider when setting your rates.
Choose high crash test ratings and save - Safe vehicles tend to have lower insurance rates. These vehicles help reduce the chance of injuries in an accident and lower injury rates means lower claim amounts and more competitive rates for policyholders. If the Hyundai Accent is rated at least an "acceptable" rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
Too many auto insurance claims drive up prices - Auto insurance companies in Florida award the lowest premiums to drivers who are claim-free. If you file a lot of claims you can expect higher premiums or even policy non-renewal. Your insurance policy is designed for major claims that would cause financial hardship.
Bad drivers pay high rates - Your driving record has a huge affect on how much you pay. Careful drivers tend to pay less for car insurance as compared to careless drivers. Having just one ticket can boost insurance rates forty percent or more. Drivers who have flagrant violations such as hit and run, DWI or reckless driving convictions may find they need to prove financial responsibility with their state's department of motor vehicles in order to drive a vehicle legally.
The illustration below demonstrates how traffic citations and fender-benders can raise Hyundai Accent car insurance costs for each different age group. The rates are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.
Improve your credit rating and save - Your credit score factor in determining your rates. Insureds that have good credit tend to file fewer claims as compared to drivers with worse credit. If your credit history is low, you could potentially save money when insuring your Hyundai Accent by improving your rating.
Insurance losses for a Hyundai Accent - Insurers use statistical claims data to help set a rate to offset losses. Models that tend to have a trend towards higher claims will have higher rates. The table below shows the insurance loss data used by companies for Hyundai Accent vehicles.
For each coverage type, the claim probability for all vehicles averaged together equals 100. Numbers under 100 mean the vehicle has better than average losses, while values that are above 100 indicate frequent claims or statistically larger claims.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Statistics from IIHS.org for 2013-2015 Model Years