2023 Hyundai Santa Fe Insurance Rates in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Apr 10, 2024

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Looking for cheaper car insurance rates for your Hyundai Santa Fe? If you’ve never shopped for insurance coverage quotes online, it’s easy to be confused by the large number of online car insurance companies and websites all offering big savings.

Affordable insurance quotes with discounts

Insurance is neither fun to buy or cheap, but you can get discounts to help bring down the price. A few discounts will automatically apply at quote time, but some need to be manually applied prior to receiving the credit.

  • No Charge for an Accident – This one isn’t a discount, but some insurance companies allow you one accident before they charge you more for coverage as long as you don’t have any claims prior to the accident.
  • Senior Discount – Older drivers could receive a small decrease in premiums on Santa Fe coverage.
  • Homeowners Discount – Owning your own home or condo can get you a discount due to the fact that maintaining a home demonstrates responsibility.
  • Anti-lock Brake Discount – Cars and trucks that have steering control and anti-lock brakes are safer to drive and qualify for as much as a 10% discount.
  • Early Signing – Select companies give a discount for renewing your policy before your current coverage expires. You could save around 10% when you buy insurance coverage online.
  • Paper-free Discount – A few companies will give you a small discount simply for signing on your computer.
  • Multi-Vehicle Discounts – Having multiple cars with one company may reduce the rate for each vehicle.
  • No Accidents – Drivers who don’t have accidents pay much less when compared with drivers who are more careless.

You should keep in mind that most of the big mark downs will not be given to the whole policy. Some only reduce the cost of specific coverages such as comp or med pay. If you do the math and it seems like you could get a free insurance policy, that’s just not realistic. But all discounts will help lower the amount you have to pay.

Larger insurance companies and a selection of discounts are outlined below.

  • State Farm discounts include multiple autos, defensive driving training, driver’s education, student away at school, Drive Safe & Save, and anti-theft.
  • GEICO policyholders can earn discounts including five-year accident-free, emergency military deployment, air bags, federal employee, multi-policy, multi-vehicle, and membership and employees.
  • Liberty Mutual has savings for newly retired, multi-policy, preferred payment discount, newly married, exclusive group savings, good student, and multi-car.
  • The Hartford may offer discounts for driver training, good student, defensive driver, bundle, air bag, vehicle fuel type, and anti-theft.
  • MetLife may include discounts for claim-free, defensive driver, good student, good driver, accident-free, and multi-policy.
  • Progressive has discounts for multi-policy, online signing, continuous coverage, good student, and multi-vehicle.

It’s a good idea to ask each insurance company how many discounts you can get. Discounts might not apply in your area. To choose insurance companies with significant discounts, enter your zip code here.

Quote Hyundai Santa Fe insurance at a discount

When buying auto insurance it’s important to understand the different types of things that help calculate your premiums. If you understand what influences your rates, this enables informed choices that may result in cheaper rates. Many things are part of the equation when you quote your car insurance policy. Some are obvious such as your driving history, but other criteria are less obvious such as your marital status or how safe your car is.

The following are some of the most rate-impacting factors used by your company to calculate your rates.

  • Single vs. married – Your spouse actually saves money on your auto insurance policy. It generally demonstrates drivers are more mature and statistics show married drivers tend to have fewer serious accidents.
  • High credit rating translates to low rates – Having a good credit history is a big factor in calculating your premium rate. People that have good credit tend to file fewer claims as compared to drivers with poor credit. Therefore, if your credit can use some improvement, you could save money insuring your 2023 Hyundai Santa Fe if you improve your credit rating.
  • Consolidate and save – The majority of insurers afford lower prices to customers who have multiple policies with them in the form of a multi-policy discount. Even though this discount sounds good, you may still want to compare other insurance prices to verify if the discount is saving money. Consumers may find a better deal by buying insurance from more than one company.
  • Commute or pleasure use – The higher the miles on your Hyundai in a year’s time the more you’ll pay to insure it. A lot of companies rate vehicles based on how the vehicle is used. Cars and trucks that do not get driven very much cost less to insure compared to those used for work or business. Ask your agent if your policy properly reflects annual mileage. Improper usage on your Santa Fe can result in significantly higher rates.

Tailor your insurance coverage to you

When choosing adequate coverage, there really is not a single plan that fits everyone. Each situation is unique.

For instance, these questions may help highlight if you will benefit from professional help.

  • Will my rates increase for filing one claim?
  • How can I find cheaper teen driver insurance?
  • What is no-fault insurance?
  • How much liability do I need to cover my assets?
  • Does coverage extend to my business vehicle?
  • Does my insurance cover a custom paint job?
  • Where can I find high-risk insurance?
  • What happens if I owe more than my 2023 Hyundai Santa Fe is worth?
  • Do I benefit by insuring my home with the same company?
  • Is my teen driver covered when they drive my company car?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed agent. To find an agent in your area, fill out your zip code.

Insurance myths debunked

Big name companies like 21st Century, Allstate and State Farm continually stream television, radio, and online ads. All the companies seem to make the promise of big savings just by moving your coverage to them. How do they all cost less than your current company? It’s all in how they say it.

Insurance providers have a preferred profile for the type of driver that earns them the most money. An example of a desirable insured might have to be between the ages of 30 and 50, has no tickets, and drives a safe vehicle. A customer who matches those parameters receives the best prices and most likely will save when they switch companies.

Consumers who are not a match for these stringent criteria will probably have to pay a higher rate and this results in the driver buying from a lower-cost company. The ad wording is “people who switch” not “everyone that quotes” can save as much as they claim. That’s why insurance companies can confidently make those statements. Because of the profiling, you really need to compare rate quotes every year. It’s impossible to know which company will fit you best based on your risk profile.

Coverage specifics

Understanding the coverages of your policy helps when choosing which coverages you need and proper limits and deductibles. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Coverage for liability

This will cover damages or injuries you inflict on people or other property in an accident. This coverage protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability insurance covers claims such as attorney fees, repair bills for other people’s vehicles and medical services. How much coverage you buy is a personal decision, but consider buying as much as you can afford.

Comprehensive coverage

This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as damage from a tornado or hurricane, hitting a deer, damage from getting keyed, hitting a bird and rock chips in glass. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

This provides protection from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Hyundai Santa Fe.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Collision coverage

Collision insurance pays for damage to your Santa Fe resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as colliding with a tree, driving through your garage door, backing into a parked car and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as surgery, X-ray expenses and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not available in all states and may carry a deductible

At the end of the day…

As you quote insurance coverage, never reduce needed coverages to save money. There have been many cases where consumers will sacrifice liability coverage limits and found out when filing a claim that they should have had better coverage. Your aim should be to get the best coverage possible at the best cost while still protecting your assets.

Lower-priced auto insurance is definitely available on the web as well as from insurance agents, and you should compare price quotes from both to have the best selection. Some companies do not offer online price quotes and usually these regional insurance providers sell through independent agents.

We covered a lot of techniques to compare 2023 Hyundai Santa Fe insurance rates online. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. You may be surprised to find that the best price on auto insurance is with an unexpected company.

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