It goes without saying that insurance companies don’t want you to look for a cheaper policy. Consumers who shop around for better prices will, in all likelihood, switch to a new company because there are good odds of finding more affordable rates. A recent survey found that people who regularly shopped around saved on average $3,400 over four years compared to people who didn’t regularly shop around.
If saving the most money on car insurance in Columbus is your objective, then learning a little about how to choose a company and compare insurance premiums can help you be more efficient.
The best way we recommend to get low-cost car insurance rates is to do a yearly price comparison from companies who provide car insurance in Columbus.
- Step 1: Try to learn a little about how insurance works and the measures you can control to lower rates. Many risk factors that result in higher rates like speeding tickets, careless driving and a negative credit rating can be improved by making minor driving habit or lifestyle changes.
- Step 2: Obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from a single company like Progressive or State Farm, while independent agents can give you price quotes for many different companies.
- Step 3: Compare the new quotes to the premium of your current policy and see if there is a cheaper rate in Columbus. If you find a lower rate quote and make a switch, make sure coverage is continuous and does not lapse.
One tip to remember is that you use similar coverage information on every quote request and and to get price quotes from as many auto insurance providers as possible. Doing this guarantees an accurate price comparison and a good representation of prices.
If you have a current insurance policy or need a new policy, take advantage of these tips to get lower rates without having to cut coverage. Buying the cheapest insurance in Columbus is not rocket science. Consumers just have to understand the best way to shop for insurance using one simple form.
The Hyundai Accent Insurance Rate Equation
It’s important that you understand the rating factors that help calculate the level of your policy premiums. When you understand what positively or negatively impacts your premiums, this allows you to make good choices that could help you find lower rates. Many things are considered when you get a price on insurance. Some factors are common sense such as traffic violations, but others are not as apparent like your continuous coverage or your financial responsibility.
Good drivers pay better premiums – Good drivers pay lower auto insurance prices than their less careful counterparts. Even a single speeding ticket or other violation may cause rates to rise by as much as thirty percent. Drivers with careless violations such as DUI or reckless driving may find they need to maintain a SR-22 with the DMV in their state in order to drive a vehicle legally.
The chart below shows how violations and at-fault accidents can impact Hyundai Accent insurance rates for different age groups. Data assumes a single female driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.
Lower rates with a multi-policy discount – Some insurance companies will give lower prices to insureds who have multiple policies with them. It’s known as a multi-policy discount. Even if you qualify for this discount already, drivers will still want to compare other Columbus Accent insurance rates to confirm you are receiving the best rates possible.There is a good possibility that you can find a better deal by buying car insurance from a different company.
Drive less and get lower prices – The higher the mileage driven in a year’s time the more you’ll pay to insure your vehicle. Most insurance companies charge to insure your cars based upon how you use the vehicle. Vehicles not used for work or commuting can be on a lower rate level than those used for commuting. Incorrect rating for your Accent is just wasting money. It’s a good idea to make sure your declarations sheet correctly shows the correct usage, because improper ratings can cost you money.
Marriage can lower costs – Having a spouse can actually save you money on your car insurance policy. Having a significant other usually means you are more mature than a single person and statistics prove drivers who are married file infrequent claims.
Liability insurance safeguards assets – Liability coverage kicks in if ever you are determined to be liable for damages caused by your negligence. It will provide for a legal defense up to the limits shown on your policy. This coverage is very inexpensive compared to comp and collision, so insureds should have plenty of protection for their assets.
Hyundai Accent insurance loss data – Insurers use historical loss data to determine a price that will be profitable for them. Vehicles that the statistics show to have increased claim numbers or amounts will cost more for specific coverages.
The data below shows the actual insurance loss data for Hyundai Accent vehicles. For each policy coverage, the claim amount for all vehicles averaged together is considered to be 100. Values that are 100 or less indicate better than average losses, while numbers above 100 indicate higher probability of having a loss or statistically larger claims.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Hyundai Accent | 98 | 109 | 89 | 129 | 129 | 133 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
The easiest way to get rate comparisons for Hyundai Accent insurance in Columbus takes advantage of the fact most larger insurance companies provide online access to give free rates quotes. To begin a comparison, all you need to do is provide information such as the make and model of your vehicles, how much coverage you want, if you require a SR-22, and driver ages. The data is submitted instantly to multiple car insurance providers and they respond with quotes within a short period of time.
To find the cheapest Hyundai Accent insurance rates, click here and find out if lower rates are available in Columbus.
The companies shown below provide free quotes in Ohio. If the list has multiple companies, we suggest you visit as many as you can to get the lowest price.
Auto insurance data for a Hyundai Accent
The information shown next covers different insurance prices for Hyundai Accent models. Learning how auto insurance premiums are determined can help guide drivers when making smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $124 | $284 | $202 | $12 | $60 | $682 | $57 |
| Accent GS 2-Dr Hatchback | $146 | $346 | $202 | $12 | $60 | $766 | $64 |
| Accent GLS 4-Dr Sedan | $146 | $408 | $270 | $16 | $80 | $920 | $77 |
| Accent SE 2-Dr Hatchback | $168 | $468 | $202 | $12 | $60 | $910 | $76 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Prices do not factor in specific zip code location which can influence coverage rates significantly.
Should you raise deductibles?
One common question asked by Columbus drivers is how low should you set your deductibles. The comparisons below highlight the rate fluctuation when you choose different coverage deductibles. The first set of prices uses a $250 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $130 | $242 | $192 | $12 | $58 | $659 | $55 |
| Accent GS 2-Dr Hatchback | $152 | $296 | $192 | $12 | $58 | $735 | $61 |
| Accent GLS 4-Dr Sedan | $152 | $348 | $256 | $16 | $76 | $873 | $73 |
| Accent SE 2-Dr Hatchback | $176 | $400 | $192 | $12 | $58 | $863 | $72 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $80 | $152 | $192 | $12 | $58 | $494 | $41 |
| Accent GS 2-Dr Hatchback | $94 | $186 | $192 | $12 | $58 | $542 | $45 |
| Accent GLS 4-Dr Sedan | $94 | $220 | $256 | $16 | $76 | $662 | $55 |
| Accent SE 2-Dr Hatchback | $108 | $252 | $192 | $12 | $58 | $622 | $52 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Price information does not factor in vehicle location which can revise premium rates substantially.
Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $17 more each month or $204 a year than buying the higher $1,000 deductible. Because you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 44 months between claims, you would most likely save money by selecting a higher deductible.
How to calculate deductible break even point
| Average monthly premium for $250 deductibles: | $65 |
| Average monthly premium for $1,000 deductibles (subtract): | – $48 |
| Monthly savings from raising deductible: | $17 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $17 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 44 months |
An important thing to remember is that a higher deductible means you will have to pay more when you have to file a claim. You must have enough savings in the event you need to pay the deductible.
Car insurance is not optional in Ohio
Even though it can be expensive, insuring your vehicle is required in Ohio but also provides important benefits.
- Most states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability insurance in order to license the vehicle. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Hyundai Accent has a lienholder, most lenders will force you to have full coverage to guarantee payment of the loan. If coverage lapses or is canceled, the bank may buy a policy for your Hyundai at a much higher premium rate and make you pay much more than you were paying before.
- Car insurance protects both your Hyundai Accent and your personal assets. It will also cover most medical and hospital costs incurred in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.
The benefits of carrying adequate insurance outweigh the cost, particularly for liability claims. In a recent study of 1,000 drivers, the average customer overpays more than $850 per year so it’s recommended you shop around at every policy renewal to ensure rates are inline.
Lower rate quotes by taking advantage of discounts
Some insurance providers don’t always publicize all available discounts in an easy-to-find place, so here is a list both the well known as well as the least known credits available to lower your premiums when you buy Columbus car insurance online.
- Onboard Data Collection – Insureds that choose to allow their insurance company to track their driving habits by installing a telematics device like Allstate’s Drivewise could possibly reduce rates if they have good driving habits.
- Theft Prevention Discount – Anti-theft and alarm system equipped vehicles are stolen with less frequency and qualify for as much as a 10% discount.
- Own a Home – Being a homeowner can get you a discount due to the fact that maintaining a home requires a higher level of personal finance.
- Fewer Miles Equal More Savings – Driving fewer miles could be rewarded with discounted rates on garaged vehicles.
- Bundle and Save – If you combine your homeowners and auto policies and insure them with the same company you will save at least 10% off all policies.
- Seat Belt Usage – Using a seat belt and requiring all passengers to fasten their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.
- Defensive Driver Discount – Taking a safe driver course can save you 5% or more and make you a better driver.
A quick disclaimer, most credits do not apply to the entire policy premium. Most only apply to specific coverage prices like collision or personal injury protection. Even though the math looks like you could get a free insurance policy, you’re out of luck. But any discount will bring down your premiums.
The diagram below illustrates the difference between Hyundai Accent auto insurance costs with and without discounts being applied to the rates. The premiums assume a female driver, no violations or accidents, Ohio state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, safe-driver, homeowner, marriage, and multi-policy discounts applied.
A list of companies and their possible discounts are shown below.
- American Family offers discounts including air bags, defensive driver, multi-vehicle, early bird, Steer into Savings, good driver, and TimeAway discount.
- Nationwide has discounts for business or organization, multi-policy, anti-theft, defensive driving, accident-free, easy pay, and Farm Bureau membership.
- MetLife may have discounts that include good student, good driver, multi-policy, claim-free, and defensive driver.
- 21st Century may offer discounts for driver training, air bags, theft prevention, defensive driver, good student, and student driver.
- Farmers Insurance may include discounts for bundle discounts, teen driver, good student, distant student, and early shopping.
- Allstate has savings for farm vehicle, EZ pay plan discount, resident student, safe driver, auto/life discount, and anti-lock brakes.
When getting free Columbus car insurance quotes, it’s a good idea to each company or agent to give you their best rates. Some of the discounts discussed earlier might not be offered on policies in your area. To find insurers who offer discounts in Columbus, click this link.
Compare prices but buy from a local neighborhood Columbus car insurance agent
Some people would prefer to sit down and talk to an agent and that can be a great decision Experienced insurance agents are very good at helping people manage risk and help submit paperwork. One of the benefits of price shopping on the web is that you can obtain cheap insurance rates and still choose a local agent. Buying from and supporting neighborhood agents is important especially in Columbus.
After filling out this short form, the quote information is submitted to participating agents in Columbus who will give you quotes for your insurance coverage. It makes it easy because there is no need to contact an agency due to the fact that quote results will go directly to your email. If you have a need to compare rates from one company in particular, don’t hesitate to visit that company’s website and submit a quote form there.
The following are Columbus car insurance companies willing to provide rate quotes for Hyundai Accent insurance in Columbus.
Associated Insurance Agency – Pickerington
12927 Stonecreek Dr – Pickerington, OH 43147 – (614) 866-6060 – View Map
Nationwide Insurance: Robert Darnell Jackson Agency
2690 E Main St – Columbus, OH 43209 – (614) 235-5413 – View Map
Soller Insurance Agency
891 S James Rd – Columbus, OH 43227 – (614) 235-2815 – View Map
Bud Kulp – State Farm Insurance Agent
1707 Bethel Rd – Columbus, OH 43220 – (614) 459-2424 – View Map
Finding the right company should depend on more than just the quoted price. Ask your prospective agent these questions:
- Does the company allow you to choose your own collision repair facility?
- Are they properly licensed to sell insurance in Ohio?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- How will an accident affect your rates?
- How does the company pay claims for a total loss?
- Do they have a Better Business Bureau rating in Columbus?
- Do they reduce claim amounts on high mileage vehicles?
- Do they regularly work with personal auto policies in Columbus?
Insurance is unique, just like you
When choosing your policy for your vehicles, there really is no perfect coverage plan. Your needs are unique to you and a cookie cutter policy won’t apply.
For example, these questions can help discover if you would benefit from professional advice.
- Does my policy pay for OEM or aftermarket parts?
- Am I covered if I hit someone who is not insured?
- What is the rate difference between pleasure use and commuting?
- Is coverage enough to protect my assets?
- Does my insurance cover my expensive audio equipment?
- Can I afford to buy a different vehicle if my Hyundai Accent is totaled?
If you’re not sure about those questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, complete this form or click here for a list of insurance companies in your area. It is quick, free and can help protect your family.
In Summary
When trying to cut insurance costs, do not buy lower coverage limits just to save a few bucks. There have been many cases where an insured cut collision coverage and learned later that it was a big error on their part. Your focus should be to find the BEST coverage at the best cost, not the least amount of coverage.
Discount Hyundai Accent insurance in Columbus can be sourced online in addition to many Columbus insurance agents, and you should compare price quotes from both to have the best selection. There are still a few companies who may not have price quotes online and most of the time these regional insurance providers only sell coverage through independent agencies.
Helpful resources
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Who Has the Cheapest Columbus Car Insurance for a Subaru Outback? (FAQ)
- What Car Insurance is Cheapest for Drivers with Good Credit in Columbus? (FAQ)
- Who Has Affordable Columbus Car Insurance for a Toyota Tundra? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for a Toyota Corolla in Columbus? (FAQ)
- Who Has Cheap Auto Insurance for Nurses in Columbus? (FAQ)
- Who Has the Cheapest Columbus Auto Insurance for a Toyota Tacoma? (FAQ)
- Insuring a Leased Car (Insurance Information Institute)
- Information for Teen Drivers (GEICO)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Driving in Bad Weather (Insurance Information Institute)