Cheapest Insurance for a Hyundai Sonata in Missouri

Anytime the topic is auto insurance, the word “cheap” really shouldn’t be used as a descriptor for auto insurance rates. The fact is, cheap car insurance for a Hyundai Sonata can be hard, if not impossible, to find. Don’t let that spoil your day, because we are going to show you some ways you can quote and buy coverage that won’t break your budget.

The chances that you’ll find cheap coverage for a Hyundai Sonata in Missouri hinges on a pretty complex algorithm that uses a lot of factors such as your marital status, whether or not you have had gaps between policies, and blemishes on your driving record. Missouri drivers on average pay around $720 each year for Sonata insurance, but that cost is a projection using rate data for a 50-year-old single male that purchased full physical damage coverage and $1,000 deductibles.

Chances are that rate is not what you would pay, because most likely you’re not a 50-year-old male, maybe you are married instead of single, or maybe you want different physical damage deductibles. Having just a slight change in policy rating factors could end up with a large change in the cost of a policy.

Each driver’s needs are different, and that demonstrates why the best way to quote affordable rates for your Hyundai is to get into the habit of comparing rates once a year. To cut your rates now, get a free quote and you will be able to see rates from top-rated companies that insure Hyundai vehicles in Missouri.

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Your Hyundai’s trim level will have an impact the cost of coverage, so the price you pay to insure a Sonata GLS 4-Dr Sedan trim level will be $54 less than the price to insure the higher-end Sonata Limited 4-Dr Sedan trim level, as shown by the rates below.

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Missouri minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Table data does not factor in specific Missouri garaging location which can increase or decrease premium rates noticeably.

Trying to find low-cost insurance is not most people’s favorite thing to do, and finding out which companies quote the best car insurance rates for a Hyundai Sonata will involve even more perseverance. Each insurance company uses different criteria for setting rates, so first let’s look at the rankings for the car insurance companies that tend to have lower prices in Missouri.

It’s a good idea to be aware that Missouri car insurance rates are impacted by many things that may substantially change the price of coverage. Simply getting older, buying a different home, or having a fender bender can trigger changes in premium resulting in some rates now being higher when they were quite affordable.

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USAA may have some of the best car insurance rates in Missouri at around $642 per year. The Hartford, Electric, Allied, and Travelers also qualify as some of the cheapest Missouri insurance companies.

In this example, if you are a customer of Electric and switched to USAA, you could realize savings of in the neighborhood of $199. Drivers with Allied may save as much as $233 a year, and Travelers customers might see rate reductions of $356 a year.

These premium estimates are averages for all types of insureds and vehicles and and are not calculated with a specific rate factor for a Hyundai Sonata. So the car insurance company that can offer you the lowest price may not even be in the rate chart shown above. That affirms the importance of why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

Comparison of full coverage and liability-only policies

Finding the cheapest insurance for a Hyundai Sonata in Missouri is important to most vehicle owners, and one easy way to find cheap insurance is to not buy comprehensive and collision coverage. The chart below visualizes the comparison of yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Missouri. The premium estimates are based on no tickets, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are applied.

Averaged out for all age groups, comprehensive and collision coverage on your policy costs $1,914 per year more than insuring for liability only. Many of you may wonder when is it safe to stop buying full coverage. There is no written rule to exclude full coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

There are some cases where eliminating full coverage is not a good idea. If you haven’t paid off your loan, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.

The example below demonstrates how choosing different deductibles can affect annual premium costs when getting quotes for cheap insurance for a Hyundai Sonata. The premiums assume a single male driver, full coverage, and no discounts are taken into consideration.

The data above shows that a 50-year-old driver could lower their car insurance rates by $296 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $446 by using a $1,000 deductible. Youthful drivers, like the 20-year-old category, could potentially save $988 or even more by choosing a higher deductible. When using a larger deductible, it’s a good idea to have enough funds in savings to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

How to find cheaper car insurance for a Hyundai Sonata

It’s not impossible to find cheaper rates, and here are some penny-pinching solutions that can help you quote low-cost coverage.

• Avoid preventable accidents
• Buy your auto and home insurance from the same company and save
• Save money by observing traffic laws and speed limits
• Pay cheaper rates with good credit scores
• If possible, do not file small claims
• Higher physical damage deductibles lower rates
• Compare rate quotes frequently

That final tip is especially vital, as was emphasized in this article. Prices charged by companies adjust frequently, so don’t be tentative to switch to a new company if you can find a cheaper rate.

Being loyal to a particular company is commendable, but it’s not recommended if that devotedness results in you overpaying money that could be going to better use. If you have a few minutes, shop around and find cheaper car insurance for a Hyundai Sonata.

Best cheap Hyundai Sonata insurance quotes

Thanks to the internet, there are a lot of ways to get cheap car insurance quotes in Missouri, but the most preferred methods are from an independent insurance agent, a captive (or exclusive) agent like State Farm or Liberty Mutual, or buying direct from a company like Geico or Progressive.

They all follow the same basic process, but car insurance shoppers should know the differences in how they provide price quotes.

Independent insurance agents are appointed by several companies and can provide price quotes from all of them. They will compare multiple rates, which may give you the best chance of saving money. If premiums increase, your policy can be moved and you do not have to find a new agent.

A captive or exclusive agent is only able to quote rates from a single company, two popular examples being Allstate or State Farm agents. This type of agents cannot quote rates from more than one company, so if their prices are high, they cannot shop around.

If you want to buy car insurance direct, you forego local agents and instead buy direct from companies such as Geico or Progressive. Buying car insurance direct may be a decent choice families who do not have a complex risk profile and have knowledge of how car insurance works.

So which method is best to find the cheapest insurance for a Hyundai Sonata in Missouri? The majority of people assume that buying from a direct company saves money because there is no agent taking a commission, but unfortunately, it’s not that cut and dried. A valid argument could also be made that buying car insurance from an independent agent guarantees the best prices due to increased selection, but again, that’s not a true statement. In many circumstances, exclusive agencies have coverage prices well below independent agents AND direct companies.

Due to that fact that car insurance uses so many rating variables, the best way to buy the cheapest policy is to get rate quotes and compare. Set aside the time to get prices from all three types to get an idea of which is cheapest. For a list of car insurance companies with low rates, click here to view.