Who Has the Cheapest Insurance for a Hyundai Sonata in North Carolina?

Your ability to find affordable coverage for a Hyundai Sonata in North Carolina is contingent on a complex formula that factors things like the number of years of driving experience you have, if you have ever let your policy lapse, and if you have a clean driving record. Drivers on average pay around $630 per year to insure their Sonata, but that amount is an estimate based upon a 50-year-old married female driver who purchased full comprehensive and collision coverage and $500 deductibles.

More than likely, you are not 50 and maybe not even a female, maybe you are single instead of married, and maybe you want different deductibles. Having even a minor difference in rating factors can create big changes in rate quotes.

Every driver has a different risk profile, so the only real way to find cheap insurance prices for your Hyundai is to shop your policy around at every renewal.

Insure Your Hyundai for Less

The trim level of your vehicle tends to have a direct effect on the coverage cost, so the price you pay to insure a Sonata GLS 4-Dr Sedan trim level will be $54 less than the cost to insure the more costly Sonata Limited 4-Dr Sedan trim level, as shown in the table below.

Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Premium amounts do not factor in vehicle location which can influence auto insurance rates considerably.

Trying to find affordable auto insurance is not always easy, and figuring out which companies offer the cheapest auto insurance rates for a Hyundai Sonata takes even more rate comparisons. Every auto insurer uses a little different formula for setting rates, so first we will examine the most affordable auto insurance companies in North Carolina.

Best Insurance Companies for Your Sonata

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Progressive may offer some of the best car insurance rates in North Carolina at around $639 per year. Utica National, NC Farm Bureau, Liberty Mutual, and GEICO also are some of the cheapest North Carolina auto insurance companies.

In this example, if you are insured with Liberty Mutual and switched to Utica National, you might realize yearly savings of upwards of $59. Insureds with GEICO could save as much as $66 a year, and Titan policyholders might lower prices by up to $75 a year.

Understand that those policy rates are averages for all insureds and vehicles and do not take into consideration a specific rate factor for a Hyundai Sonata. So the insurer that is best for you may not even be in the list above. That is why you need to get car insurance quotes using your own driver information and specific vehicle type.

Full coverage or liability only

Finding the cheapest insurance for a Hyundai Sonata in North Carolina should be important to the majority of drivers, and one good way to lower the cost of insurance is to not buy full coverage. The illustration below shows the comparison of yearly insurance costs with liability coverage only compared to full coverage. The price estimates are based on no claims or driving citations, $1,000 deductibles, marital status is single, and no discounts are factored in.

If all age groups are averaged, comprehensive and collision coverage on your policy costs an additional $1,333 per year more than just buying liability only. Many drivers may wonder if it’s a good idea to buy full coverage. There is no definitive rule for dropping comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s assume your vehicle’s book value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $7,000 after you pay the deductible. If you are paying more than $700 a year for your policy with full coverage, then it might be time to buy liability only.

Driving violations and accidents

The easiest way to snag the best auto insurance premiums in North Carolina for a Sonata is to be a good driver and avoid accidents and keep your driving record clean. The information below demonstrates how citations and accidents raise car insurance costs for each age group. The costs are based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

The chart shows that the average cost of auto insurance in North Carolina per year with no accidents or violations is $1,528. Add in one speeding ticket and the average cost swells to $1,754, an increase of $225 each year. Now add two accidents along with the one speeding ticket and the annual cost of auto insurance for a Hyundai Sonata jumps again to an average of $3,698. That’s an increase of $2,170, or $181 per month, just for not being a responsible driver!

How to get the cheapest insurance for a Hyundai Sonata in North Carolina

It’s not impossible to find cheaper rates, and here are some of the recommended thrifty solutions that can help drivers quote cheaper car insurance.

• Raise your deductibles
• Avoid filing small claims
• Good credit scores may make rates cheaper
• Buy safe vehicles
• Full coverage is expensive so only insure older vehicles for liability only
• Home or renters coverage can save on auto insurance
• Compare prices as often as possible

That last piece of advice is notably vital, as we discussed in this write-up. Prices charged by car insurance companies can change considerably in a year, so you should be ready to buy a different policy if you find a better deal. Having a favorite company is fine, but is isn’t recommended if that stubbornness costs you lots of hard earned cash every month. It only takes a couple minutes to compare rates and find cheaper auto insurance for a Hyundai Sonata.

Progressive, Geico, Allstate, and State Farm compared

When shopping around for insurance for a Sonata in North Carolina, four good companies to start with are Progressive, Geico, Allstate, and State Farm. The next table shows pricing and service ratings, plus some optional coverages shoppers can expect to find with each one.

Who has the cheapest Hyundai Sonata insurance quotes?

Due to technology, there are many ways to compare auto insurance prices in North Carolina, but the most preferred ways are from an independent or non-exclusive agent, an exclusive insurance agency like Liberty Mutual or Allstate, or buying direct from a company like Progressive or Geico. They all have the same basic principle, but it’s good to know the differences in how they give price quotes.

Independent insurance agents can place your business with multiple companies and can get policy pricing from every one. These agents can sell policies from many different companies and can provide you with more rate quotes, which may give you the best chance of finding a lower price. If premiums increase, the agent simply finds a different carrier which makes it easier to save money.

An exlusive, or captive, agency is only able to give prices for one insurance company, two popular examples being an Allstate or Liberty Mutual agent. They generally cannot provide prices from multiple companies, which does not give you the best rate comparison.

When you buy auto insurance direct, you skip local agents and instead shop from a direct company like Progressive. This option can be good for drivers who have lower risk management needs and have a decent understanding of what limits they need.

Out of those three methods, which one works best for finding the cheapest insurance for a Hyundai Sonata in North Carolina? The quick answer would be buying from a direct car insurance company saves the most money since there is no need to pay agent commissions, but unfortunately, it’s not that simple. We could also assume that going through an independent agent guarantees the best prices because you have more choices, but that assumption is also not accurate. And occasionally, the exclusive agents have price quotes well below independent agents AND direct companies.

Due to that fact that auto insurance uses so many rating variables, the best way to ensure you are not overpaying for auto insurance is to get quotes and compare the rates. Smart shoppers will get price quotes from all three to give yourself enough choices. For a list of companies with online discounts, click here to view.