Did you fall for a flashy sales pitch and buy an underperforming, overpriced car insurance policy? Trust us, you are not the only one feeling buyer’s remorse. Drivers have so many car insurance companies to purchase coverage from, and though it is a good thing to have multiple companies, it can be more difficult to compare rates and cut insurance costs.
Discounts are basically free money
The price of auto insurance can be rather high, but discounts can save money and there are some available to reduce the price significantly. A few discounts will automatically apply at the time of quoting, but some may not be applied and must be specifically requested prior to getting the savings. If you’re not getting every credit available, you’re just leaving money on the table.
- Multiple Cars – Having all your vehicles on the same car insurance policy can get a discount on all vehicles.
- Accident Forgiveness – A handful of insurance companies allow you one accident before your rates go up if your claims history is clear for a certain period of time.
- E-sign – A few companies may give you up to $50 simply for signing on their website.
- College Student – Children who attend school more than 100 miles from home and do not have a car can be insured at a reduced rate.
- Clubs and Organizations – Being a member of a professional or civic organization may earn a discount on car insurance for Excel insurance.
- Life Insurance Discount – Companies who offer life insurance give better rates if you take out life insurance.
- Government Employees – Employees or retirees of the government can save as much as 8% for Excel insurance with a few car insurance companies.
As a disclaimer on discounts, most of the big mark downs will not be given the the whole policy. Some only reduce individual premiums such as comprehensive or collision. So when the math indicates adding up those discounts means a free policy, you’re out of luck. Any amount of discount will cut the amount you have to pay.
To see a list of companies offering car insurance discounts, click here to view.
Impacting insurance rates for a Hyundai Excel
It’s important that you understand the factors that play a part in calculating car insurance rates. When you know what positively or negatively influences your rates helps enable you to make changes that may reward you with much lower annual insurance costs.
Shown below are a few of the “ingredients” that factor into rates.
- Where do you drive? – Driving more miles in a year’s time the more you will pay for car insurance. Almost all companies price each vehicle’s coverage determined by how the vehicle is used. Autos used primarily for pleasure use qualify for better rates than those used for commuting. If your policy improperly rates your Excel may be wasting your money. Double check that your car insurance coverage shows the proper vehicle usage.
- Marriage brings a discount – Having a spouse helps lower the price on car insurance. Having a spouse means you’re more mature it has been statistically shown that drivers who are married are more cautious.
- Men are more aggressive – Statistics demonstrate women tend to be less risk to insure than men. However, don’t assume that women are BETTER drivers than men. Women and men tend to get into accidents at a similar rate, but the men cause more damage and cost insurance companies more money. Men also statistically get more serious tickets such as DWI and reckless driving.
- More claims means more premium – Companies provide cheaper rates to policyholders who do not rely on their insurance for small claims. If you file claims often, you can look forward to either higher rates or even cancellation. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.
- Careful drivers pay lower rates – Your driving citation history has a huge affect on how much you pay. Drivers with clean records tend to pay less for car insurance than their less careful counterparts. Only having one moving violation may increase your cost by twenty percent. Drivers who have dangerous citations like hit and run, DWI or reckless driving convictions may need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to prevent a license revocation.
- Better crash test results mean better rates – Cars with high safety ratings get lower rates. These vehicles reduce injuries and any reduction in injury severity translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Hyundai Excel earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
But I don’t know anything about car insurance
When it comes to buying the right insurance coverage, there isn’t really a “best” method to buy coverage. Each situation is unique and your policy should reflect that. Here are some questions about coverages that could help you determine if your insurance needs may require specific advice.
- Do no-fault laws apply in my state?
- Is business property covered if stolen from my car?
- Does my Hyundai Excel qualify for pleasure use?
- What if I total my Hyundai Excel and owe more than it’s worth?
- Do I have any recourse if my insurance company denies a claim?
- Why am I required to buy high-risk coverage?
- Which companies will insure high-risk drivers?
If you’re not sure about those questions but one or more may apply to you, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and can help protect your family.
Buying car insurance from a local agent
Certain consumers would prefer to talk to a local agent. Licensed agents can help determine the best coverages and give you someone to call. One of the best bonuses of comparing insurance prices online is you can get the lowest rates but also keep your business local. And supporting small agencies is especially important if you live in a smaller city or town.
Upon completion of this quick form, the quote information is sent to agents in your area who will return price quotes for your coverage. You won’t need to even leave your home due to the fact that quote results will go straight to your inbox. It doesn’t get any easier!
Do you need an independent or captive insurance agent?
When researching local agents, you must know there are a couple types of insurance agents from which to choose. Insurance agencies are either independent (non-captive) or captive. While both can do a good job, but it’s worth mentioning the differences because it can influence buying decisions.
Independent Agents
These agents are not locked into one company but rather can write business amongst many companies and possibly get better coverage at lower prices. If you are not satisfied with one company, an independent agent can move your coverage and you won’t have to switch agencies. When searching for an agent, we recommend you include price quotes from several independent insurance agents to get the best comparison.
Agency Captives
Captive agencies work for only one company and examples are Allstate, Farmers Insurance, State Farm and AAA. They usually cannot place coverage with different providers so always compare other rates. Captive agents receive extensive training on their company’s products which helps them compete with independent agents.
To view a complete directory of car insurance agents, visit this page.
Selecting an insurance agent should depend on more than just the bottom line cost. These are valid questions to ask:
- Do they have any clout with companies to ensure a fair claim settlement?
- Does the company allow you to choose your own collision repair facility?
- Which members of your family are coverage by the policy?
- Is the agent and/or agency licensed to do business in your state?
- If your car is totalled, how to they determine the replacement cost?
- Who are their largest clients?
- Do they assist clients in filing claims?
- Can glass repairs be made at your home?
Upon receiving acceptable answers as well as a affordable price, you may have just found an auto insurance agent that is a good match to provide car insurance coverage.
And the best car insurance company is…
You just read many tips how you can get a better price on Hyundai Excel insurance. The most important thing to understand is the more price quotes you have, the higher your chance of finding lower rates. Drivers may discover the best price on car insurance is with a lesser-known regional company. These companies may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.
Discount Hyundai Excel insurance is possible from both online companies and with local insurance agents, so compare prices from both to get a complete price analysis. Some companies do not offer online price quotes and most of the time these small insurance companies sell through independent agents.
