How Much are Insurance Quotes for a Hyundai Santa Fe in Maryland?

When talking about auto insurance, the words cheap or affordable really shouldn’t be used as a descriptor for car insurance rates. It’s just a fact that cheap auto insurance for a Hyundai Santa Fe can be difficult to find. But fear not, because we are going to show you some ways you can still find car insurance that you can afford.

The likelihood of finding cheap auto insurance for a Hyundai Santa Fe in Maryland depends on a whole bunch of factors like whether or not you are married, the likelihood of vehicle theft, and blemishes on your driving record. Maryland drivers pay approximately $1,120 a year to insure a Santa Fe, but that figure is a projection using a 30-year-old single male who needs comprehensive and collision coverage and $1,000 physical damage deductibles.

The issue with using an average estimated rate is the likelihood you are not exactly 30 years old and possibly not even male, married instead of single, and maybe your credit level is not the same as what was rated. Making even small differences in rating factors or requested coverage amount could end up in a significant change in the cost of insurance for a Hyundai Santa Fe.

Insurance prices are based on the driver profile the most reliable way to find the cheapest coverage for your Hyundai is to do the rate comparisons yourself. Quotes are free and easy and you will get price quotes from the cheapest companies that offer coverage in Maryland.

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The trim level of your Hyundai will most likely have an effect on price, so the price you will be charged to insure a Santa Fe GLS 2WD model will be $118 less than the insurance cost for the higher-priced Santa Fe Limited 4WD version, as shown below.

Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Information does not factor in Maryland location which can modify insurance rates substantially.

Shopping around for cheap car insurance is confusing at best, and deciding which companies have the cheapest insurance rates for a Hyundai Santa Fe will involve even more work. Each auto insurer has a proprietary method to set their prices, so let’s begin by examining the insurance companies with the overall cheapest rates in Maryland.

It’s important to understand that Maryland insurance rates are based on many factors that control the price you have to pay for coverage. Turning one year older, buying a different vehicle, or getting a reckless driving citation can trigger changes in premium that can cause some rates to be cheaper than competitors.

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USAA may have some of the cheapest car insurance rates in Maryland at around $958 each year. Liberty Mutual, Erie, Penn National, and State Auto would also be considered some of the more affordable Maryland car insurance companies.

In this example, if you have coverage with Penn National and switched to USAA, you may realize a yearly price reduction of upwards of $168. Insureds with State Auto may save as much as $256 a year, and Amica insureds might reduce prices by as much as $376 a year.

Bear in mind that those premium estimates are averaged for all drivers and vehicles and are not factoring in a specific rate factor for a Hyundai Santa Fe. So the car insurance company that fits you best may not even be shown in the chart above. That illustrates why you need to get quotes using your own driver and vehicle profiles.

Impact of citations and accidents on insurance rates

The recommended way to find cheap insurance for a Hyundai Santa Fe in Maryland is to drive carefully and avoid accidents and traffic citations. The illustration below illustrates how traffic citations and fender-benders impact insurance rates for different categories of driver ages. The data assumes a married female driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.

In the chart above, the average cost of auto insurance per year with no violations or accidents is $1,737. Receive two speeding tickets and the average cost jumps to $2,465, an increase of $728 each year. Then add two accidents along with the two speeding tickets and the yearly cost of insurance for a Hyundai Santa Fe increases to an average of $5,305. That’s an increase of $3,568, or $297 per month, just for not driving attentively!

The chart below demonstrates how choosing different deductibles can change insurance costs when quoting cheap insurance for a Hyundai Santa Fe. The data is based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

The data above shows that a 40-year-old driver could lower rates by $328 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $492 by selecting a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, have the ability to save as much as $1,098 or even more just by choosing higher deductibles.

When increasing deductibles, it will now be necessary to have additional savings on hand to enable you to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Progressive, State Farm, Allstate, or Geico: Who is cheapest?

If you’re looking for the cheapest insurance for a Santa Fe, the four most popular companies are Progressive, State Farm, Allstate, and Geico. All offer your standard physical damage and liability coverages, but each one has a slightly different set of options and discounts that shoppers can select from. The data below ranks some of the ratings and options you can buy with each company.