Best Cheap Insurance for a Hyundai Santa Fe in Colorado

When discussing auto insurance, the word “cheap” really should not be used anywhere in the article. It’s just a fact that cheap auto insurance for a Hyundai Santa Fe does not exist. Don’t let that bother you, though, because we can show you some ways you can still get coverage that fits into your budget.

Your chances of finding cheap insurance for a Hyundai Santa Fe in Colorado depends on a lot of rating factors like if you are a renter or homeowner, if you are currently insured, and your driving record. Drivers on average will pay $1,340 every 12 months to buy Hyundai Santa Fe insurance, but that rate is a projection that rates a 30-year-old single male that has comprehensive and collision coverage and $100 policy deductibles.

More than likely, you are not a 30-year-old male, possibly married instead of single, or maybe your Santa Fe is old enough that it doesn’t require full coverage. Auto insurance is unique to each driver, so the way we recommend to find the cheapest insurance price for your Hyundai is to make a habit of regularly comparing rates from other companies.

Cheapest Hyundai Santa Fe Insurance Rates

The specific model of Santa Fe will have an impact price, so the price you pay to insure a Santa Fe GLS 2WD trim level will be $186 cheaper than the cost to insure the fancier Santa Fe Limited 4WD trim level, as shown by the rates below.

Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Information does not factor in the specific area where the vehicle is garaged which can raise or lower prices considerably.

Selecting the highest-rated auto insurance company can be a challenge considering how many companies sell insurance in Colorado. The company information shown next could help you choose which car insurance providers you want to consider comparing prices from. The ratings below include companies that insure vehicles across America, so companies without a large exposure are not factored into this list.

Safe drivers pay cheaper rates

The common sense way to enjoy the most affordable auto insurance prices in Colorado for a Santa Fe is to drive cautiously and avoid accidents and keep your driving record clean. The chart below highlights how speeding tickets and fender-benders increase annual premium costs for different age groups. The information is based on a married female driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.

The data above shows the average cost of an auto insurance policy in Colorado per year with no accidents or violations is $1,840. Get one speeding ticket and the average cost rises to $2,141, an increase of $300 each year. Next add one accident along with the one speeding ticket and the annual cost of auto insurance for a Hyundai Santa Fe increases to an average of $2,994. That’s an increase of $1,154, or $96 per month, just for being a little careless behind the wheel!

Why you should be comparing rates

Colorado auto insurance rates are impacted by many factors which can significantly increase or decrease the price of coverage. Simply improving your credit, having a claim, or getting a speeding ticket can trigger changes in premium that can cause some rates to be more affordable than before. In addition, insurance companies modify pricing as needed to adjust for unexpected claims or profits. Higher than usual claims may cause higher prices, while less frequent claims can cause cheaper Santa Fe insurance rates.

To help illustrate this point, the chart below shows the company with the cheapest car insurance in Colorado for a 35-year-old female driver with a good driving record, no prior claims, and a decent credit rating. When comparing rates based on her personal risk profile, The Hartford may have the best car insurance rates in Colorado at $825 annually. This is $753 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide are the rest of the cheapest Colorado auto insurance companies.

In the next rate comparison, we’ll give the driver from the first set of rates an accident claim, poor credit, and a traffic citation. Because every insurance company uses their own formula for setting prices, comparing quotes will most likely result in a completely different list of the cheapest car insurance companies in Colorado as shown below.

Travelers now has the best auto insurance rate in Colorado with State Farm, American Family, Grange, and Progressive also having competitive pricing. This example shows why it is critical to compare lots of rates to get the lowest car insurance quotes for a Hyundai Santa Fe. Prices are determined by many risk factors and can change substantially, so the most affordable company the last time you shopped your coverage around may now be one of the more expensive options.

How to get the best cheap insurance for a Hyundai Santa Fe in Colorado

Below you’ll find many penny-pinching solutions that can help you find lower-cost coverage.

• Try paying for small claims out-of-pocket
• At-fault accidents can raise rates significantly
• Home or renters coverage can save on auto insurance
• Increase your physical damage deductibles
• Improve your credit rating
• Avoid getting citations and tickets
• Compare rates regularly and switch companies to save money

The last suggestion is remarkably significant, as was stressed in this article. Insurance rates change frequently, so drivers shouldn’t hesitate to switch companies if a better deal can be had.

Many drivers tend to have loyalty to a certain company, but is isn’t recommended if that devotedness results in you overpaying hundreds of dollars a year. Take a few minutes and shop around to find cheaper auto insurance for a Hyundai Santa Fe.