Paying for overpriced Hyundai Accent insurance in Los Angeles can stress out your checking account and possibly require postponing other expenditures. Price shopping at each renewal is free, only takes a few minutes, and is a good way to slash your bill and have more diposable income.
Shockingly, over 70% of drivers have been with the same company for over three years, and approximately 40% of consumers have never even shopped around for cheap coverage. California drivers could save about 35% a year, but most undervalue the amount of savings they would get if they just switched companies. Vehicle owners have multiple insurance companies to pick from, and although it's nice to have a choice, too many choices makes it more difficult to compare company pricing for Hyundai Accent insurance in Los Angeles.
It's a great practice to shop coverage around quite often because prices are rarely the same from one policy term to another. Just because you found the best rates on Hyundai Accent insurance in Los Angeles on your last policy there may be better deals available now. You'll find a ton of advice on Accent insurance online, but in this article, you're going to get some good information on how to reduce your car insurance bill.
Finding quotes for the best car insurance policy in Los Angeles is easy to do. If you're already insured or just want cheaper coverage, use these tips to reduce the price you pay without having to cut coverage. Smart shoppers just have to use how to compare price quotes using one simple form.
The companies shown below offer free quotes in Los Angeles, CA. If multiple providers are shown, we suggest you visit two to three different companies to get the most affordable price.
Discounts for cheap auto insurance quotes
Auto insurance is not cheap nor is it fun to buy but there's a good chance there are discounts that you may not even be aware of. Certain discounts will be triggered automatically when you get a quote, but occasionally some discounts must be asked for prior to getting the savings.
- Good Student Discount - A discount for being a good student may save as much as 25% on a Los Angeles car insurance quote. This discount can apply until age 25.
- Discounts for New Vehicles - Putting auto insurance coverage on a new Accent can get you a discount since newer models are generally safer.
- Discount for Low Mileage - Low annual miles may enable drivers to earn cheaper auto insurance rates.
- Anti-lock Brakes - Cars equipped with ABS or steering control can reduce accidents and will save you 10% or more on Accent insurance in Los Angeles.
- E-sign Discounts - A few larger online companies will discount your bill up to fifty bucks simply for signing on your computer.
- Professional Memberships - Being a member of a qualifying organization is a simple method to lower premiums on auto insurance.
- 55 and Retired - Drivers that qualify as senior citizens could receive lower premium rates.
One last thing about discounts, most discount credits are not given to the entire cost. Some only apply to specific coverage prices like medical payments or collision. Even though the math looks like adding up those discounts means a free policy, insurance companies wouldn't stay in business. But all discounts should help reduce your auto insurance premiums.
The diagram below illustrates the comparison of Hyundai Accent insurance rates with and without discounts applied. The rates are based on a female driver, a clean driving record, no at-fault accidents, California state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, safe-driver, marriage, multi-car, and multi-policy discounts applied.
Insurance companies that may offer these benefits are:
When getting free Los Angeles car insurance quotes, it's a good idea to all the companies which discounts they offer. Some credits may not apply to policies in Los Angeles. To see a list of companies that offer the discounts shown above in California, follow this link.
Insurance statistics for a Hyundai Accent
The rate information displayed next covers different prices for Hyundai Accent models. Having insight into how insurance quotes are figured can assist in making informed decisions when comparing rate quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accent Blue 2-Dr Hatchback||$206||$382||$376||$22||$112||$1,098||$92|
|Accent GS 2-Dr Hatchback||$242||$464||$376||$22||$112||$1,216||$101|
|Accent GLS 4-Dr Sedan||$242||$546||$500||$30||$150||$1,468||$122|
|Accent SE 2-Dr Hatchback||$278||$630||$376||$22||$112||$1,418||$118|
|Get Your Own Customized Quote Go|
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rate quotes do not factor in specific location which can raise or lower rates considerably.
The illustration below shows how choosing a deductible and can impact Hyundai Accent insurance costs for different categories of driver ages. The costs are based on a married male driver, full coverage, and no additional discounts are factored in.
Should you buy full coverage?
The example below shows the comparison of Hyundai Accent insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in California. The rate quotes are based on no claims, a clean driving record, $250 deductibles, single status, and no policy discounts are applied.
When to buy liability coverage only
There isn't a written rule to delete physical damage insurance, but there is a general guideline you can use. If the annual cost of 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 book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $7,000 after paying your deductible. If premium cost is more than $700 a year for your policy with full coverage, then you might consider buying liability only.
There are some situations where buying only liability insurance is not a good plan. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if you can't afford to buy a different vehicle if your current one is in an accident, you should not opt for liability only.
You may need advice from a local insurance agent
Some consumers still like to get advice from a local agent and we recommend doing that Good agents can make sure you are properly covered and help file insurance claims. An additional benefit of comparing rate quotes online is that drivers can save money and get the best rates but still work with a licensed agent. Buying insurance from neighborhood insurance agencies is important particularly in Los Angeles.
For easy comparison, once you complete this simple form, your coverage information is immediately sent to agents in your area who will return price quotes for your business. It simplifies rate comparisons since you won't have to search for any insurance agencies due to the fact that quote results will go straight to your inbox. In the event you want to compare rates from a specific insurance company, don't hesitate to go to their quote page and submit a quote form there.
If you are wanting to find local Los Angeles agents, there are a couple of different types of agencies and how they operate. Auto insurance agencies can be categorized as either independent or exclusive depending on the company they work for. Both sell and service auto insurance coverage, but it's important to know the difference in the companies they write for because it can influence your selection of an agent.
Independent Insurance Agents
Agents that choose to be independent do not sell for just one brand and that allows them to write policies with lots of companies depending on which coverage is best. If they quote lower rates, they can switch companies in-house and the insured can keep the same agent. When shopping rates, it's a good idea to get some free quotes from multiple independent agents to ensure the widest selection of prices.
Shown below is a short list of independent insurance agencies in Los Angeles that may be able to give free auto insurance quotes.
Exclusive Auto Insurance Agencies
Agents of this type write business for a single company and examples are State Farm, AAA, Farmers Insurance or Allstate. These agents are not able to provide prices from multiple companies so they have to upsell other benefits. These agents are trained well on their company's products which helps them sell insurance even at higher premiums.
The following is a list of exclusive insurance agents in Los Angeles that can give you price quotes.
Grace Jun - State Farm Insurance Agent
2426 W 8th St #218 - Los Angeles, CA 90057 - (213) 388-4955 - View Map
Finding the right insurance agency shouldn't rely on just the price. Any agent in Los Angeles should have no problem answering these questions:
- What discounts might you be missing?
- Do they have 24-hour customer assistance?
- Is the agent and/or agency licensed to do business in California?
- Do the agents have professional certifications like CPCU or CIC?
- Can you use your own choice of collision repair facility?
- What is their Better Business Bureau rating?
Five Things That Determine Your Insurance Prices
Lots of things are considered when pricing auto insurance. Some are pretty understandable like an MVR report, but other criteria are more obscure like your vehicle usage or how safe your car is.
Listed below are some of the factors used by your company to calculate your rate level.
Poor credit rating equals high prices - A driver's credit history is a large factor in determining premium rates. People that have good credit tend to be better risks to insure than drivers with lower credit scores. If your credit history can use some improvement, you could pay less to insure your Hyundai Accent by improving your credit score.
Big city or small town - Residing in areas with lower population is a positive aspect when it comes to car insurance. People who live in big cities tend to have more auto accidents and longer commute times. Lower population means a lower chance of having an accident as well as less vandalism and auto theft.
Reduce prices by driving safer cars - Cars with five star safety ratings tend to be cheaper to insure. Vehicles built for safety protect occupants better and reduced instances of injuries translates into savings for insurance companies and cheaper rates on your policy. If your Hyundai earned at least an "acceptable" rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
Discounts for married drivers - Having a wife or husband can actually save you money when buying car insurance. It generally demonstrates drivers are more financially stable and it's statistically proven that drivers who are married are more cautious.
Is your vehicle theft-ready? - Owning a car with an alarm system can earn a premium discount. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart car theft and help bring rates down.
Hyundai Accent claim statistics - Insurance companies use statistical claims data when determining insurance prices. Vehicles that historically have higher losses will have higher rates for specific coverages. The table below outlines the collected loss data for Hyundai Accent vehicles.
For each coverage type, the claim amount for all vehicles, regardless of make or model, is represented as 100. Percentage numbers below 100 indicate better than average losses, while percentage values above 100 point to more claims or statistically larger losses.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Insurance is not optional in California
Despite the potentially high cost of Hyundai Accent insurance, insurance is required in California but also provides important benefits.
- Most states have compulsory liability insurance requirements which means state laws require a specific minimum amount of liability insurance coverage in order to be legal. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your Hyundai has a lienholder, more than likely the lender will force you to have insurance to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the lender may insure your Hyundai at an extremely high rate and force you to pay for the much more expensive policy.
- Insurance protects not only your car but also your assets. It will also pay for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if you cause an accident and are sued. If your Hyundai gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.
The benefits of having insurance more than offset the price you pay, specifically if you ever have a liability claim. The average driver in California is overpaying over $750 every year so compare rates every year to save money.
You can lower your insurance rates
We covered a lot of techniques to get a better price on Hyundai Accent insurance in Los Angeles. The key concept to understand is the more you quote Los Angeles car insurance, the higher your chance of finding inexpensive Los Angeles car insurance quotes. You may even find the most savings is with the least-expected company. Smaller companies can often insure niche markets at a lower cost as compared to the big name companies such as GEICO and State Farm.
Budget-conscious Hyundai Accent insurance can be sourced on the web in addition to many Los Angeles insurance agents, and you should compare rates from both so you have a total pricing picture. Some insurance providers do not provide rate quotes online and most of the time these smaller providers work with local independent agencies.
To read more, link through to the articles below:
- Distracted Driving Extends Beyond Texting (State Farm)
- Who Has the Cheapest Los Angeles Car Insurance Rates for a Jeep Wrangler? (FAQ)
- Insuring a Leased Car (Insurance Information Institute)
- Understanding Rental Car Insurance (Insurance Information Institute)
- Vehicle Size and Weight FAQ (iihs.org)