How Much Does Insurance Cost for a Hyundai Santa Fe in Louisiana?

Since we’re writing about car insurance, the word “cheap” should never appear anywhere in the article to describe car insurance rates. Sad but true, cheap car insurance for a Hyundai Santa Fe is almost non-existent. Don’t let that ruin your day, because we are going to tell you how you can still get insurance that won’t break your budget.

Your ability to find cheaper insurance for a Hyundai Santa Fe in Louisiana hinges on a complex equation that considers factors such as whether you are a new or experienced driver, if you have prior claims, and any prior driving offenses. Drivers pay an average of $1,490 every 12 months for Santa Fe insurance, but that policy rate is an estimation based on cost data for a 40-year-old married male who purchased full coverage and $100 deductibles.

It’s more than likely that you are not 40 and possibly not even male, maybe you are single instead of married, or maybe your Santa Fe doesn’t need full coverage. Everyone has different rating factors, so the best way to find the cheapest coverage for your Hyundai is to shop your policy around every couple of years. To cut your rates now, get a free quote and you can get prices from some of the cheapest companies in Louisiana.

Cheapest Hyundai Santa Fe Insurance Rates

Your vehicle’s trim level impacts the yearly cost, so the cost to insure a Santa Fe GLS 2WD model will be $212 less expensive the insurance cost for the higher-priced Santa Fe Limited 4WD version, as shown in the table below.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Information does not factor in specific location which can raise or lower rates substantially.

Finding the highest-rated auto insurance provider is hard considering how many choices there are in Louisiana. The company information displayed below may help you choose which auto insurers you want to consider when buying insurance for a Hyundai Santa Fe.

The ratings below are only made up of companies that insure vehicles across America, so companies that have a smaller presence will not be included in these rankings. To check rates and find the cheapest rates for a Hyundai Santa Fe, follow this link.

Top 10 Major Auto Insurance Companies in Louisiana Ranked by Claims Service

1. Allstate
2. State Farm
3. American Family
4. GEICO
5. Liberty Mutual
6. Esurance
7. AAA Insurance
8. The Hartford
9. 21st Century
10. The General

Top 10 Major Auto Insurance Companies in Louisiana Ranked by Customer Service

1. USAA
2. Safeco Insurance
3. AAA Insurance
4. State Farm
5. Progressive
6. The Hartford
7. The General
8. Esurance
9. GEICO
10. Liberty Mutual

Top Companies for Hyundai Santa Fe Insurance in Louisiana

Full coverage versus liability only rates

Finding cheap insurance for a Hyundai Santa Fe in Louisiana should be important to the majority of vehicle owners, and one easy way to lower the cost of insurance is to not insure for full coverage. The diagram below illustrates the difference between car insurance costs when comparing full coverage to liability only. The premiums assume a clean driving record, no at-fault accidents, $100 deductibles, single marital status, and no additional discounts are factored in.

Averaged out for all age groups, full coverage on your policy costs an additional $3,087 per year over and above liability coverage. At some point, almost every driver questions if you should buy full coverage. There is no clear-cut rule of when to phase out physical damage insurance, but there is a general guideline. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

There are some cases where only buying liability is not a good plan. If you still have a lienholder on your title, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.

Why are you paying too much for Santa Fe insurance?

Louisiana auto insurance rates are impacted by many things that can increase the price you pay for coverage. Simply improving your credit, having a teen driver, or getting a few speeding tickets may generate price changes resulting in some companies being cheaper than competitors.

Not only may your situation change, but companies change premium rates at least once a year in order to offset underwriting gains or losses. Heavy losses may result in higher rates, while lower claims may result in more affordable Santa Fe insurance rates.

For example, the bar chart below compares the cheapest car insurance in Louisiana for a 40-year-old female driver with no accidents, a clean driving record, and a high credit rating. If we estimate prices based on her current rating profile, USAA may have the lowest car insurance rates in Louisiana at $1,578 annually. This is $836 less than the average rate paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are also on the list of the most affordable Louisiana auto insurance companies.

Let’s now give the driver in the first example a chargeable accident, a lower credit rating, and an imperfect driving record. Because each company has their own formula to determine rates, comparing quotes may now result in a new list of the cheapest Louisiana car insurance companies as shown below.

California Casualty now has the cheapest insurance rate in Louisiana with State Farm, MetLife, GEICO, and USAA also being competitive. This illustrates why consumers need to take the time to compare lots of rates when trying to get the best insurance rates for a Hyundai Santa Fe.

Auto insurance prices are influenced by many risk factors and change frequently, so the best option the last time you shopped your coverage around may now not even be in the top five.

How to get cheap insurance for a Hyundai Santa Fe in Louisiana

Lowering your rates is not difficult, and here are a few penny-pinching ideas that can help Louisiana drivers find lower-cost coverage.

• Higher comprehensive and collision coverage deductibles will save money
• Full coverage is expensive so only insure older vehicles for liability only
• At-fault accidents will increase rates
• Vehicles with good safety ratings are usually cheaper to insure
• Better credit scores save money
• Speeding tickets and other violations increase rates
• Check for cheaper rates once a year

The last tip in the list is especially necessary, as we noted in the prior article. Auto insurance rates vary considerably, so drivers shouldn’t be reluctant to switch companies if a cheaper price is available. Brand loyalty is great, but it’s not recommended if that faithfulness ends up costing you lots of money. It takes less than five minutes to compare prices to find cheaper insurance for a Hyundai Santa Fe.