Anyone knows that insurance companies don’t want customers comparing rates. People who shop rates annually will probably switch to a new company because they have a good chance of finding discount prices. Remarkably, a study showed that people who compared prices once a year saved as much as $70 a month as compared to drivers who never shopped around for lower prices.
If finding the best price on Hyundai Genesis insurance is the reason you’re here, then having a grasp of how to get rate quotes and compare coverages can make it easier to find better rates.
The easiest way to find lower priced Hyundai Genesis insurance in Columbus is to annually compare prices from different companies that insure vehicles in Ohio. Rate comparisons can be done by completing these steps.
- Read about how companies set rates and the changes you can make to prevent high rates. Many risk factors that cause high rates like speeding and an unacceptable credit score can be amended by making minor driving habit or lifestyle changes.
- Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO or Allstate, while independent agencies can quote rates from many different companies.
- Compare the new rates to your current policy premium to determine if switching companies saves money. If you find a lower rate quote and buy the policy, make sure coverage is continuous and does not lapse.
The most important part of shopping around is to try to use similar coverage information on every quote request and to quote with as many auto insurance providers as possible. Doing this ensures a fair rate comparison and plenty of rates choose from.
Facts and figures for Hyundai Genesis insurance
The information below showcases detailed analysis of policy rates for Hyundai Genesis models. Being able to understand how auto insurance prices are determined can be of help when making decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $136 | $310 | $382 | $22 | $114 | $964 | $80 |
| Genesis 3.8 4-Dr Sedan | $152 | $270 | $260 | $16 | $78 | $776 | $65 |
| Genesis 2.0T Premium 2-Dr Coupe | $152 | $310 | $382 | $22 | $114 | $980 | $82 |
| Genesis 3.8 2-Dr Coupe | $152 | $310 | $382 | $22 | $114 | $980 | $82 |
| Genesis 2.0T Track 2-Dr Coupe | $152 | $310 | $382 | $22 | $114 | $980 | $82 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $152 | $310 | $382 | $22 | $114 | $980 | $82 |
| Genesis 4.6 4-Dr Sedan | $152 | $310 | $260 | $16 | $78 | $816 | $68 |
| Genesis 3.8 Track 2-Dr Coupe | $152 | $350 | $382 | $22 | $114 | $1,020 | $85 |
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Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Price information does not factor in zip code location which can modify coverage rates greatly.
The diagram below shows how choosing a deductible and can increase or decrease Hyundai Genesis annual premium costs for different insured age categories. The premiums are based on a single female driver, full physical damage coverage, and no other discounts are factored in.
Insurance rates are higher with tickets and accidents
The diagram below illustrates how violations and accident claims can drive up Hyundai Genesis annual premium costs for different ages of insureds. The premiums assume a single male driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.
Six Tips to Get Cheaper Columbus Insurance Rates
Multiple criteria are part of the equation when pricing auto insurance. Some of the criteria are obvious like a motor vehicle report, but some are less apparent such as your marital status or how financially stable you are. It’s important that you understand the factors that play a part in calculating the rates you pay for insurance. If you understand what controls the rates you pay, this helps enable you to make changes that could result in lower premium levels.
Shown below are just a few of the factors companies use to determine your prices.
Vehicle options that lower rates – Selecting a car model with anti-theft technology or alarm system can save you a little every year. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart auto theft.
Pay less if you’re married – Having a wife or husband actually saves money on insurance. Marriage demonstrates that you tend to be more mature and statistics prove married drivers tend to file fewer claims.
Lower rates for cars with good safety ratings – Vehicles with high crash test scores are cheaper to insure. Safe vehicles help reduce the chance of injuries in an accident and better occupant protection translates into savings for insurance companies which can result in lower premiums. If your Hyundai has at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
Filing insurance claims can cost you more – If you frequently file small claims, you can definitely plan on either higher rates or even cancellation. Auto insurance companies in Ohio generally give lower rates to policyholders who are not frequent claim filers. Your car insurance is intended to be relied upon for the large, substantial claims.
Rural areas have lower costs – Choosing to live in less populated areas is a good thing when it comes to insurance. Fewer drivers and short commutes means reduced accidents and also fewer theft and vandalism claims. Drivers who live in large Ohio cities regularly have more road rage incidents and much longer commute distances. The longer drive time can result in more accidents.
Always keep your insurance policy in place – Driving your car without having proper coverage is against the law and insurance companies will penalize you for letting your coverage have a gap. Not only will you pay more, the inability to provide proof of insurance may earn you a fine, jail time, or a revoked license.
Hyundai Genesis claim data – Insurance companies factor in historical loss data when they calculate premium costs for each model. Vehicles that the statistics show to have high amounts or severity of claims will have increased rates. The information below illustrates the compiled insurance loss statistics for Hyundai Genesis vehicles.
For each type of coverage, the claim amount for all vehicles as a whole is a value of 100. Percentage values below 100 represent a good loss history, while values over 100 point to more frequent losses or an increased chance of a larger loss.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Hyundai Genesis | 178 | 122 | 117 | 119 | 103 | 117 |
| Hyundai Genesis 4dr | 154 | 71 | 154 | 85 | 99 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Final considerations
Some car insurance companies may not provide online quoting and usually these smaller providers prefer to sell through local independent agents. Cost effective Hyundai Genesis insurance can be bought on the web and also from your neighborhood Columbus agents, and you need to comparison shop both in order to have the best chance of saving money.
We’ve covered some good ideas how to reduce Hyundai Genesis insurance rates online in Columbus. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. You may even be surprised to find that the lowest rates come from some of the smallest insurance companies. Smaller companies can often provide lower auto insurance rates in certain areas than their larger competitors like Progressive or GEICO.
When searching for affordable Columbus auto insurance quotes, don’t be tempted to sacrifice coverage to reduce premiums. In many instances, an insured cut liability limits or collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The aim is to find the BEST coverage for the lowest price, not the least amount of coverage.
Additional information is located below:
- Choosing a Car for Your Teen (State Farm)
- Who Has Cheap Car Insurance Quotes for Used Cars in Columbus? (FAQ)
- What Car Insurance is Cheapest for Drivers with Good Credit in Columbus? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers Under 21 in Columbus? (FAQ)
- Who Has Affordable Columbus Auto Insurance for Handicapped Drivers? (FAQ)
- How Much are Columbus Auto Insurance Quotes for a Toyota Highlander? (FAQ)
- Collision Coverage (Liberty Mutual)
- Side Impact Crash Tests (iihs.org)