Cheapest 2016 Hyundai Sonata Insurance Rates in 2023
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UPDATED: Jun 6, 2023
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Trying to find the cheapest car insurance rates for your Hyundai Sonata? Have you had enough of scraping nickels together to buy car insurance? You have the same problem as many other vehicle owners.
Many auto insurance companies compete for your business, and because of this it can be hard to compare insurance companies and get the best coverage at the best price available.
Consumers should take time to do rate comparisons before your next renewal since prices tend to go up over time. Even if you got the lowest rates on Sonata insurance last year there may be better deals available now. Forget all the misinformation about car insurance because you’re about to find out how to use the internet to lower your rates without sacrificing coverage.
If you have car insurance now, you stand a good chance to be able to cut costs considerably using these techniques. Buying car insurance is quite easy. Although drivers need to learn how companies sell online and apply this information to your search.
Insurance rates and discounts
Companies don’t always list their entire list of discounts in a way that’s easy to find, so the following is a list of both well-publicized as well as the least known credits available to bring down your rates.
- Discount for Multiple Policies – If you combine your auto and homeowners policies with the same insurance company you could earn a discount of as much as 10 to 15 percent.
- Sign Online – A handful of insurance companies will provide an incentive for buying your policy online.
- Defensive Driver – Participating in a class that teaches defensive driver techniques is a good idea and can lower rates and make you a better driver.
- Passive Restraint Discount – Factory air bags could see savings of 20 to 30 percent.
- ABS and Traction Control Discounts – Cars and trucks with ABS and/or traction control can stop better under adverse conditions so you can save 10 percent or more.
- Payment Discounts – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
- Switch and Save Discount – A few companies allow discounts for signing up early. The savings is around 10%.
Don’t be surprised that some of the credits will not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like adding up those discounts means a free policy, company stockholders wouldn’t be very happy.
Large insurance companies and a summarized list of policyholder discounts include:
- GEICO policyholders can earn discounts including multi-policy, federal employee, air bags, daytime running lights, defensive driver, good student, and seat belt use.
- SAFECO may include discounts for teen safety rewards, drive less, bundle discounts, anti-theft, safe driver, and teen safe driver.
- State Farm discounts include Drive Safe & Save, student away at school, accident-free, anti-theft, and defensive driving training.
- MetLife may offer discounts for multi-policy, defensive driver, good student, good driver, and claim-free.
- 21st Century may have discounts that include theft prevention, student driver, air bags, automatic seat belts, early bird, and defensive driver.
- Progressive offers discounts for online signing, multi-policy, homeowner, online quote discount, good student, and multi-vehicle.
It’s a good idea to ask all the companies which discounts can lower your rates. Some of the earlier mentioned discounts might not be offered on policies in your state. If you would like to choose from a list of providers who offer discounts, click here to view.
Get more affordable insurance premiums by understanding these factors
An important part of buying insurance is that you know some of the factors that are used to determine the rates you pay for car insurance. If you understand what impacts premium levels, this empowers consumers to make smart changes that can help you get lower premium levels.
- Good drivers pay the best prices – Having a single speeding ticket or other violation may cause rates to rise twenty percent or more. Drivers with clean records pay less for auto insurance than bad drivers. Drivers with severe tickets like DWI, reckless driving or hit and run convictions may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state in order to prevent their license from being revoked.
- Don’t cancel your car insurance policy without a new one in place – Driving your car without having proper coverage is a big no-no and you will pay a penalty because you let your insurance expire. Not only will you pay higher rates, being ticketed for driving with no insurance could result in a revoked license or a big fine.
- Combine and save – The majority of companies afford a discount to policyholders that have more than one policy such as combining an auto and homeowners policy. Discounts can amount to ten percent or more. Even if you already get this discount, drivers will still want to compare other company rates to make sure you are getting the best deal.
- Pay more of a claim out-of-pocket – Your deductibles state the amount of money the insured will be required to pay before your car insurance pays a claim. Insurance for physical damage, also known as collision and other-than-collision, covers damage that occurs to your car. Some coverage claims would be colliding with a stationary object, fire damage, and having a roll-over accident. The more money you pay before a claim is paid (deductible), the less your company will charge you for insurance on Sonata insurance.
- Safer occupants lowers prices – Safe vehicles are cheaper to insure. The safest vehicles protect occupants better and better occupant protection means less claims paid which can mean better rates for you.
- Is you job costing you more? – Occupations such as military personnelairline pilots and accountants tend to have the highest average rates attributed to high stress and incredibly demanding work hours. On the flip side, occupations like actors, engineers and the unemployed receive lower rates on Sonata insurance.
- Poor credit rating equals high costs – Your credit rating can be an important factor in calculating your car insurance rates. Consumers who have high credit scores tend to be more responsible as compared to drivers with bad credit. Therefore, if your credit rating is not that good, you may save money insuring your 2016 Hyundai Sonata if you clean up your credit.
Situations that may require an agent’s advice
When choosing the right insurance coverage, there really is not a single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. For instance, these questions might help in determining whether your personal situation would benefit from professional advice.
- Why do I only qualify for high-risk insurance?
- How high should my uninsured/underinsured coverage be in my state?
- Will I be non-renewed for getting a DUI or other conviction?
- Am I covered if I drive in a foreign country?
- Does my 2016 Hyundai Sonata need full coverage?
- Is there coverage for injuries to my pets?
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If you’re not sure about those questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.
Can you really save $450 a year?
GEICO, State Farm and Progressive continually stream television, radio, and online ads. All the companies state the claim that people will save if you switch to them. How does each company give you a lower rate? It’s all in the words they use.
Insurance companies have specific guidelines for the type of insured that will not have excessive claims. A good example of a profitable insured could be over age 30, has a clean driving record, and drives newer vehicles. A propective insured that hits that “sweet spot” will probably get cheap car insurance rates and as a result will probably save a lot if they switch.
People who are not a match for this stringent profile may receive a higher premium and this results in the customer not buying. Company advertisements say “drivers that switch” not “all people who quote” will save that much if they switch. That is how insurance companies can make claims that they all have the best prices.
Because of the profiling, it’s extremely important to get car insurance quotes from several different companies. It’s impossible to know the company that will have better premium rates than you’re paying now.
Educate yourself about insurance coverages
Learning about specific coverages of your insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. These are typical coverage types found on the average insurance policy.
Insurance for medical payments – Med pay and PIP coverage pay for short-term medical expenses such as ambulance fees, prosthetic devices and surgery. They are often utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.
Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually these coverages are set the same as your liablity limits.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as a broken windshield, vandalism and damage from getting keyed. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.
Collision coverages – This pays to fix your vehicle from damage caused by collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.
Collision can pay for things such as backing into a parked car, rolling your car, crashing into a ditch and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.
Auto liability insurance – Liability insurance protects you from damage or injury you incur to other’s property or people in an accident. It protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged property. Alternatively, you may have a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage pays for claims such as pain and suffering, funeral expenses, medical services, bail bonds and loss of income. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.
Make a quick buck
We just presented a lot of techniques to save on 2016 Hyundai Sonata insurance. The key concept to understand is the more price quotes you have, the better your chances of lowering your rates. You may be surprised to find that the best prices are with the smaller companies. Some small companies can often insure niche markets at a lower cost compared to the large companies like Progressive and GEICO.
As you shop your coverage around, never reduce coverage to reduce premium. In many instances, drivers have reduced comprehensive coverage or liability limits only to regret that it was a big mistake. The proper strategy is to get the best coverage possible for the lowest cost while not skimping on critical coverages.
Much more information about insurance can be found at these links:
- Air Bags: Potential Dangers to Your Children (Insurance Information Insitute)
- Credit and Insurance Scores (Insurance Information Insitute)
- Electronic Stability Control FAQ (iihs.org)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
Frequently Asked Questions
How can I find the cheapest insurance rates for my 2016 Hyundai Sonata?
To find the cheapest insurance rates, it’s recommended to compare quotes from multiple insurance companies. Enter your zip code to view companies offering affordable auto insurance rates.
What factors can affect the insurance rates for a 2016 Hyundai Sonata?
Several factors can influence your insurance rates, including your driving record, age, location, coverage options, deductibles, and the insurance company’s evaluation of the Sonata’s risk profile.
Are there any discounts available specifically for insuring a 2016 Hyundai Sonata?
Yes, some insurance companies offer discounts that may apply to insuring a 2016 Hyundai Sonata. These can include discounts for safety features, multiple policies, good driving records, or certain professional affiliations.
Does the age of my 2016 Hyundai Sonata affect insurance rates?
Generally, newer vehicles may have higher insurance rates due to their higher value and potential repair costs. However, the insurance rates can vary depending on other factors, such as safety ratings and theft rates for the specific make and model.
Can I save money on insurance by taking a defensive driving course?
Yes, many insurance companies offer discounts for completing defensive driving courses. These courses can improve your driving skills and make you eligible for reduced insurance rates.
What should I do if I qualify for high-risk insurance?
If you qualify for high-risk insurance, it means you may have a history of accidents, violations, or other factors that deem you a higher risk to insure. In such cases, it’s advisable to compare quotes from insurance companies specializing in high-risk coverage to find the best rates available.
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