How to Compare Baltimore Hyundai Genesis Insurance

Insurance rates Hyundai Genesis in BaltimoreIf you want to find the absolute lowest rates, then the best way to get more affordable Hyundai Genesis insurance in Baltimore is to compare quotes once a year from different companies who sell auto insurance in Maryland.

The key aspect of shopping around is to make sure you enter the same level of coverage on every price quote and and to look at as many different insurance providers as possible. Doing this guarantees a level playing field and a thorough selection of prices.

We don’t have to tell you that insurance companies want to keep you from comparing prices. Consumers who compare rates at least once a year are highly likely to move their business because there is a good probability of finding a lower-cost company. Surprisingly, a recent survey revealed that consumers who compared rates regularly saved an average of $70 a month as compared to drivers who never shopped for cheaper rates.

If finding the lowest price for Hyundai Genesis insurance is your objective, learning the best ways to shop for coverage rates can save time, money, and frustration.

Our goal in writing this article introduce you to the best way to quote coverages. If you have a policy now, you will definitely be able to lower your rates using the ideas covered in this article. Shoppers just need to understand the best way to buy car insurance online from multiple companies.

The companies shown below have been selected to offer quotes in Maryland. If you want to find the cheapest auto insurance in Baltimore, it’s a good idea that you visit two to three different companies in order to get a fair rate comparison.

Affordable Baltimore car insurance rates with discounts

Car insurance is not an enjoyable expense, but companies offer discounts that may help make it more affordable. Certain credits will be shown when you purchase, but some may not be applied and must be inquired about prior to receiving the credit.Discount car insurance

Discounts lower rates, but some of the credits will not apply to all coverage premiums. A few only apply to specific coverage prices like comprehensive or collision. Even though the math looks like all the discounts add up to a free policy, companies wouldn’t make money that way.

The diagram below shows the difference between Hyundai Genesis auto insurance costs with and without discounts applied to the premium. The prices are based on a male driver, a clean driving record, no at-fault accidents, Maryland state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, claim-free, marriage, homeowner, and safe-driver discounts applied.

Larger car insurance companies and a partial list of their discounts include:

If you need low cost Baltimore car insurance quotes, ask each company or agent how many discounts you can get. Some of the earlier mentioned discounts might not apply in Baltimore.

Rate information and statistics

The coverage table below showcases a range of rate quotes for Hyundai Genesis models. Understanding more about how premiums are formulated can help you make informed decisions when comparing rates.


Hyundai Genesis Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Genesis 2.0T 2-Dr Coupe $308 $728 $488 $28 $146 $1,698 $142
Genesis 3.8 4-Dr Sedan $342 $632 $332 $20 $100 $1,426 $119
Genesis 2.0T Premium 2-Dr Coupe $342 $728 $488 $28 $146 $1,732 $144
Genesis 3.8 2-Dr Coupe $342 $728 $488 $28 $146 $1,732 $144
Genesis 2.0T Track 2-Dr Coupe $342 $728 $488 $28 $146 $1,732 $144
Genesis 3.8 Grand Touring 2-Dr Coupe $342 $728 $488 $28 $146 $1,732 $144
Genesis 4.6 4-Dr Sedan $342 $728 $332 $20 $100 $1,522 $127
Genesis 3.8 Track 2-Dr Coupe $342 $824 $488 $28 $146 $1,828 $152
Get Your Own Custom Quote Go

Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Price estimates do not factor in vehicle garaging location which can affect price quotes significantly.

Choosing deductibles

When shopping for insurance, a common question is which deductibles should you choose. The following insurance rates help summarize the premium difference of buying low and high insurance deductibles. The first rate quote example uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.


Hyundai Genesis insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Genesis 2.0T 2-Dr Coupe $394 $856 $508 $30 $152 $1,965 $164
Genesis 3.8 4-Dr Sedan $440 $744 $346 $20 $104 $1,679 $140
Genesis 2.0T Premium 2-Dr Coupe $440 $856 $508 $30 $152 $2,011 $168
Genesis 3.8 2-Dr Coupe $440 $856 $508 $30 $152 $2,011 $168
Genesis 2.0T Track 2-Dr Coupe $440 $856 $508 $30 $152 $2,011 $168
Genesis 3.8 Grand Touring 2-Dr Coupe $440 $856 $508 $30 $152 $2,011 $168
Genesis 4.6 4-Dr Sedan $440 $856 $346 $20 $104 $1,791 $149
Genesis 3.8 Track 2-Dr Coupe $440 $968 $508 $30 $152 $2,123 $177
Get Your Own Custom Quote Go

Hyundai Genesis insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Genesis 2.0T 2-Dr Coupe $288 $578 $508 $30 $152 $1,556 $130
Genesis 3.8 4-Dr Sedan $320 $502 $346 $20 $104 $1,292 $108
Genesis 2.0T Premium 2-Dr Coupe $320 $578 $508 $30 $152 $1,588 $132
Genesis 3.8 2-Dr Coupe $320 $578 $508 $30 $152 $1,588 $132
Genesis 2.0T Track 2-Dr Coupe $320 $578 $508 $30 $152 $1,588 $132
Genesis 3.8 Grand Touring 2-Dr Coupe $320 $578 $508 $30 $152 $1,588 $132
Genesis 4.6 4-Dr Sedan $320 $578 $346 $20 $104 $1,368 $114
Genesis 3.8 Track 2-Dr Coupe $320 $654 $508 $30 $152 $1,664 $139
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Price information does not factor in Baltimore location which can modify coverage rates noticeably.

Based on the above data, using a $100 deductible will cost you roughly $36 more each month or $432 for a full year across all Hyundai Genesis models than selecting the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you average more than 11 months between claims, you would save more money if you elect the higher deductible. The numbers below show a better example of how we made this calculation.

Average monthly premium for $100 deductibles: $163
Average monthly premium for $500 deductibles (subtract): – $127
Monthly savings from raising deductible: $36
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $36
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

The diagram below illustrates how choosing a deductible and can impact Hyundai Genesis insurance rates for different age categories. The premium estimates are based on a single male driver, full coverage, and no discounts are applied to the premium.

Difference between liability only and full coverage rates

The example below shows the difference between Hyundai Genesis insurance prices when comparing full coverage to liability only. The premiums are based on no claims, a clean driving record, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

When to switch to liability coverage only

There is no clear-cut rule of when to exclude physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let’s say your Hyundai Genesis claim settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after the policy deductible has been paid. If you are currently paying more than $200 annually for your policy with full coverage, then you might want to think about dropping full coverage.

There are a few situations where dropping full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should maintain full coverage.

Compare rates but buy from a neighborhood Baltimore auto insurance agent

Many people would rather talk to an insurance agent and that is a personal choice. Professional insurance agents can help you build your policy and give you someone to call. An additional benefit of getting online price quotes is that you can obtain better rates but also keep your business local. Buying from neighborhood insurance agencies is important especially in Baltimore.

To make it easy to find an agent, after completing this short form, your coverage information is sent to local insurance agents in Baltimore that provide free Baltimore car insurance quotes for your insurance coverage. You never need to contact any agents since price quotes are sent to your email. If you need to compare prices for a specific company, don’t hesitate to go to their quote page and fill out their quote form.

Selecting an company should depend on more than just a cheap price. Agents should be asked these questions:

How to Lower Your Insurance Costs

Lots of things are part of the calculation when you get your auto insurance bill. Some of the criteria are obvious such as traffic violations, but other factors are less obvious like your continuous coverage or your vehicle rating.

Three reasons car insurance is important

Even though it can be expensive, insuring your vehicle is required in Maryland but it also protects you in many ways.

The benefits of buying enough insurance more than offset the price you pay, particularly when you have a large claim. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $850 per year so you should quote and compare rates at every renewal to make sure the price is not too high.

You can find cheaper coverage

We’ve covered a lot of tips how to lower your Hyundai Genesis insurance auto insurance rates in Baltimore. The most important thing to understand is the more quotes you get, the higher the chance of saving money. You may even be surprised to find that the most savings is with a smaller regional carrier. These companies can often provide lower premium rates in certain areas than the large multi-state companies such as State Farm or Progressive.

When you buy Baltimore car insurance online, don’t be tempted to skimp on critical coverages to save a buck or two. In many instances, an accident victim reduced liability coverage limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.

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