Find Cheaper Hyundai Accent Insurance in El Paso

Insurance quote for Hyundai Accent in El PasoThe recommended way to find more affordable Hyundai Accent insurance is to regularly compare prices from insurers in El Paso.

  1. Try to comprehend the coverage provided by your policy and the changes you can make to prevent expensive coverage. Many rating criteria that are responsible for high rates such as speeding tickets, careless driving and a not-so-good credit rating can be remedied by making minor changes to your lifestyle.
  2. Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from one company like GEICO and State Farm, while independent agencies can quote rates for a wide range of companies.
  3. Compare the new rate quotes to your current policy to determine if switching companies saves money. If you can save some money and buy the policy, verify that coverage does not lapse between policies.
  4. Provide proper notification to your current company of your intent to cancel your current auto insurance policy and submit the completed application along with a down payment to the new company. Once the application is submitted, keep your new certificate verifying proof of insurance with your vehicle’s registration.

A tip to remember is to use similar limits and deductibles on every price quote and and to get rate quotes from as many auto insurance providers as possible. Doing this ensures an accurate price comparison and a complete rate analysis.

Regrettably, nearly 70% of consumers have purchased from the same company for four years or more, and nearly half have never compared rates to find cheaper insurance. Drivers in El Paso could save themselves 70% a year, but most just don’t grasp the big savings they would realize if they swap their current policy for a cheaper one.

Save money on Hyundai Accent insurance in El Paso with these discounts

Some insurers don’t necessarily list all their discounts in an easy-to-find place, so the following list contains both well-publicized and the more hidden credits available to you.

One thing to note about discounts is that most discount credits are not given to your bottom line cost. The majority will only reduce specific coverage prices like liability, collision or medical payments. So even though you would think all the discounts add up to a free policy, nobody gets a free ride.

The example below visualizes the comparison of Hyundai Accent insurance rates with and without some available policy discounts. The premiums assume a female driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, multi-car, safe-driver, homeowner, and marriage discounts applied.

Larger auto insurance companies and a partial list of their discounts are detailed below.

When getting a coverage quote, ask all companies you are considering to give you their best rates. Some credits may not be available in El Paso. If you would like to view auto insurance companies with significant discounts in Texas, follow this link.

The companies shown below have been selected to offer free rate quotes in El Paso, TX. If the list has multiple companies, we suggest you visit two to three different companies to get the best price comparison.

Detailed insurance information

The rate table displayed next covers different insurance policy prices for Hyundai Accent models. Understanding how auto insurance policy rates are calculated can help drivers make decisions when shopping your coverage around.

Hyundai Accent Insurance Rates in El Paso, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accent Blue 2-Dr Hatchback $152 $322 $366 $22 $110 $972 $81
Accent GS 2-Dr Hatchback $180 $392 $366 $22 $110 $1,070 $89
Accent GLS 4-Dr Sedan $180 $462 $486 $28 $146 $1,302 $109
Accent SE 2-Dr Hatchback $206 $532 $366 $22 $110 $1,236 $103
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Premium costs do not factor in vehicle location which can impact coverage rates considerably.

Where to set your deductibles

One of the hardest decisions when shopping for auto insurance is how low should you set your deductibles. The premium rates below show the differences in price between high and low deductibles. The first price estimate table uses a $250 deductible for comp and collision and the second price grid uses a $500 deductible.

Hyundai Accent insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accent Blue 2-Dr Hatchback $218 $408 $324 $20 $96 $1,091 $91
Accent GS 2-Dr Hatchback $256 $496 $324 $20 $96 $1,217 $101
Accent GLS 4-Dr Sedan $256 $584 $430 $26 $128 $1,449 $121
Accent SE 2-Dr Hatchback $294 $672 $324 $20 $96 $1,431 $119
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Hyundai Accent insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accent Blue 2-Dr Hatchback $178 $328 $324 $20 $96 $946 $79
Accent GS 2-Dr Hatchback $208 $400 $324 $20 $96 $1,048 $87
Accent GLS 4-Dr Sedan $208 $472 $430 $26 $128 $1,264 $105
Accent SE 2-Dr Hatchback $240 $542 $324 $20 $96 $1,222 $102
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can change rates noticeably.

Using the data above, we can ascertain that using a $250 deductible costs about $15 more each month or $180 every year than buying the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you normally average more than 17 months between claims, you would come out ahead if you choose the higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $250 deductibles: $108
Average monthly premium for $500 deductibles (subtract): – $93
Monthly savings from raising deductible: $15
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $15
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

One thing to be aware of is that raising deductibles results in a higher out-of-pocket expense when you do file a claim. That will necessitate some non-essential savings in order to pay the deductible to have repairs made.

The illustration below demonstrates how deductibles and can raise or lower Hyundai Accent yearly insurance costs for different insured age categories. The rates are based on a single female driver, full coverage, and no discounts are applied to the premium.

Cost difference between full coverage and liability

The information below compares Hyundai Accent premium costs with full physical damage coverage compared to only buying liability only. The data is based on no driving violations, no at-fault accidents, $250 deductibles, single marital status, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There is no exact rule to eliminate physical damage coverage, but there is a general convention. If the yearly cost of comp and collision coverage is 10% or more of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s pretend your Hyundai Accent replacement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $4,000 after paying your policy deductible. If you are currently paying more than $400 annually to have full coverage, then it may be the right time to buy liability only.

There are a few cases where buying only liability insurance is not financially feasible. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not drop full coverage.

Learn How to Get Car Insurance More Affordably

Part of the car insurance buying process is learning some of the elements that are used to determine the level of your policy premiums. If you have a feel for what influences your rates, this enables you to make decisions that could help you find cheaper rates. Many things are used when you get your auto insurance bill. Some are obvious like an MVR report, but other criteria are not as apparent such as your marital status or how financially stable you are.

The following are some of the items used by your company to calculate your premiums.

Better car insurance rates with anti-theft devices – Buying a car with an alarm system can help bring down rates. Theft deterrent systems like vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent auto theft.

Do you need those add-on coverages? – There are many optional add-on coverages that you can buy if you aren’t careful. Things like replacement cost coverage, towing, and motor club memberships are examples of these. These coverages may sound good initially, but now you might not need them so remove them and pocket the money.

Why do you need liability insurance? – The liability coverage on your policy will protect you if you are determined to be liable for an accident. It will provide for a legal defense to defend your case. Liability insurance is quite affordable compared to comp and collision, so drivers should carry high limits.

Safety first – Cars with high safety ratings are cheaper to insure. Highly rated vehicles help reduce the chance of injuries in an accident and fewer serious injuries means less claims paid passed on to you as lower rates.

Costs are impacted by vehicle performance – The performance of the car, truck or SUV you are insuring makes a big difference in determining your rates. The best insurance prices are for small economy passenger vehicles, but the cost you end up paying is determined by many additional factors.

The following chart uses these assumptions: married male driver age 30, full coverage with $500 deductibles, and no discounts or violations. It illustrates Hyundai Accent insurance rates compared to other models of vehicles that have a range of risk factors.

Tickets drive up rates – A bad driving record can have a huge impact on auto insurance premiums. Only having one speeding ticket or other violation can increase rates twenty percent or more. Careful drivers pay lower auto insurance prices compared to drivers with tickets. Drivers who have flagrant tickets like DUI or reckless driving might be required by their state to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent a license revocation.

The example below demonstrates how speeding tickets and accidents can affect Hyundai Accent car insurance rates for different insured age categories. The costs are based on a married female driver, full coverage, $500 deductibles, and no discounts are taken into consideration.

Hyundai Accent insurance loss data – Insurers take into consideration insurance loss statistics for every vehicle to help determine prices. Vehicles that the statistics show to have increased losses will cost more for specific coverages.

The information below illustrates the historical insurance loss data for Hyundai Accent vehicles. For each coverage category, the claim probability for all vehicles as a whole is set at 100. Numbers that are below 100 imply a favorable loss record, while values over 100 point to more frequent losses or tendency to have higher losses.

Insurance Loss Ratings for Hyundai Accent Vehicles
Specific Hyundai Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Accent 98 109 89 129 129 133

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Different people need different car insurance coverages

Always keep in mind that when comparing adequate coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s needs are different.

For instance, these questions could help you determine if your insurance needs would benefit from professional advice.

If it’s difficult to answer those questions but you know they 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. It is quick, free and can provide invaluable advice.

Compare rates but work with a local neighborhood El Paso car insurance agent

A lot of people just want to sit down with an agent and that is OK! Professional agents are trained to spot inefficiencies and help file insurance claims. A good thing about getting online price quotes is you can get the lowest rates and still buy from a local agent.

El Paso insurance agentsUpon completion of this short form, your insurance coverage information is transmitted to participating agents in El Paso who will give competitive quotes for your insurance coverage. You won’t need to find an agent since rate quotes are delivered to you. If you have a need to quote rates for a specific company, you can always navigate to their website to submit a rate quote request.

Picking an company requires you to look at more than just a cheap price. These are some questions your agent should answer.

When searching for an insurance agent, it can be helpful to understand the types of agencies that you can choose from. Agents in El Paso can be categorized as either exclusive agents or independent agents. Either type can insure your vehicles properly, but we need to point out the difference in how they write coverage because it can factor into your selection of an agent.

Exclusive Insurance Agents

Exclusive agencies can only write with one company and some examples include Farmers Insurance or State Farm. They usually cannot give you multiple price quotes so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are usually well trained on their company’s products which helps them compete with independent agents.

Shown below is a list of exclusive insurance agents in El Paso who may provide you with comparison quotes.

12295 Pellicano Dr #2El Paso, TX 79936(915) 855-8555View Map

3500 N Mesa St gEl Paso, TX 79902(915) 532-1456View Map

12420 Edgemere Blvd Ste 102El Paso, TX 79938(915) 855-0035View Map

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Independent Insurance Agents

These type of agents are normally appointed by many insurers and that is an advantage because they can write policies through many companies and find the cheapest rate. If they quote lower rates, your agent can just switch to a different company without you having to go to a different agency.

If you need cheaper insurance rates, you will want to include at least one independent agent to have the most options to choose from.

Shown below is a list of independent insurance agencies in El Paso that are able to give price quote information.

1760 Airway BlvdEl Paso, TX 79925(915) 771-8552View Map

1155 N Zaragoza Rd #105El Paso, TX 79907(915) 613-4800View Map

1444 Montana Ave #202El Paso, TX 79902(915) 599-2900View Map

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After getting positive responses as well as offering an affordable quote, you’ve probably found an insurance agent that meets the criteria to insure your vehicles. Just be aware that it’s your coverage and you can terminate your policy whenever you choose to so don’t assume that you are permanently stuck with a specific company with no way to switch.

Why insurance is not optional

Despite the potentially high cost of Hyundai Accent insurance, buying insurance is required in Texas but also provides important benefits.

The benefits of having insurance more than cancel out the cost, particularly when you have a large claim. Unknowingly, the average driver is currently overpaying as much as $800 each year so compare rate quotes at every renewal to ensure rates are inline.

Cheaper car insurance premiums are out there

We just presented many ideas to find cheap Hyundai Accent insurance in El Paso. It’s most important to understand that the more providers you compare, the more likely it is that you will get a better rate. Consumers could even find that the biggest savings come from the smaller companies.

Insureds leave their current company for a number of reasons such as delays in paying claims, poor customer service, being labeled a high risk driver and even high rates after DUI convictions. Regardless of your reason for switching companies, finding a new company is easier than you think.

Cheaper Hyundai Accent insurance in El Paso is available both online and from local agencies, and you need to price shop both to have the best selection. Some insurance providers may not have online price quotes and many times these small insurance companies work with independent agencies.

Additional information