How to Compare Baltimore Hyundai Sonata Insurance

We don’t have to point out that fact that auto insurance companies don’t want policyholders to shop around. Insureds who shop rates annually are inclined to move their business because of the high probability of finding a lower-cost company. A study showed that drivers who make a habit of shopping around saved about $70 a month compared to drivers who never compared rates.

If finding budget-friendly rates on Hyundai Sonata insurance is your objective, then understanding the best ways to shop for cheaper coverage can save time and money.

Insurance rates Hyundai Sonata in BaltimoreIf you want to find the absolute lowest rates, then the best way to save money on Hyundai Sonata insurance in Baltimore is to make a habit of regularly comparing prices from insurers in Maryland. This can be done by completing these steps.

  1. Read and learn about the coverage provided by your policy and the measures you can take to prevent rate increases. Many things that result in higher rates such as accidents, careless driving, and a not-so-good credit rating can be improved by paying attention to minor details.
  2. Compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from a single company like GEICO and Allstate, while independent agents can provide prices from many different companies.
  3. Compare the quotes to your existing coverage to see if a cheaper rate is available in Baltimore. If you find a better price and decide to switch, make sure there is no lapse in coverage.

One bit of advice is to compare the same liability limits and deductibles on every quote and and to analyze as many carriers as you can. Doing this guarantees a level playing field and a complete selection of prices.

If you’re already insured or need new coverage, you will benefit by learning to reduce the price you pay without reducing coverage. Choosing the most cost-effective car insurance policy in Baltimore can be much easier if you know how to start. Smart shoppers just have to use the best way to compare company rates instantly.

Finding a lower price on insurance is surprisingly easy. All you need to do is take time getting comparison quotes from different insurance companies.

Getting quotes online is very simple and it replaces the need to call or drive to each insurance agency near you. Doing it all online reduces the need to sit down with an agent unless you’re the type of person who wants the professional abilities that you can only get from talking to an agent. If you prefer, some companies allow you to price shop online and still use a local agent.

The companies shown below are ready to provide comparison quotes in Maryland. To buy the best cheap auto insurance in Baltimore, MD, we suggest you visit several of them in order to find the cheapest rates.

Auto insurance discounts help lower rates for Hyundai Sonata insurance in Baltimore

Companies don’t list all discounts very well, so the following list contains a few of the more common and also the more inconspicuous savings tricks you should be using when you buy Baltimore car insurance online.Discount auto insurance

Consumers should know that some credits don’t apply to all coverage premiums. Most cut the cost of specific coverages such as liability and collision coverage. If you do the math and it seems like you could get a free auto insurance policy, it just doesn’t work that way.

The illustration below illustrates the difference between Hyundai Sonata auto insurance rates with and without discounts applied to the policy rates. The costs are based on a female driver, no claims or violations, Maryland state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, safe-driver, multi-policy, claim-free, and homeowner discounts applied.

A list of companies and some of their more popular discounts are:

If you need lower rates, check with each company or agent which discounts can lower your rates. Some credits might not be offered in Baltimore.

Insurance rate breakdown

The premium information displayed below covers different insurance coverage prices for Hyundai Sonata models. Being aware of how auto insurance policy rates are formulated can be valuable when making smart choices when comparing insurance rates.

Hyundai Sonata Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $250 $490 $556 $32 $166 $1,494 $125
Sonata GLS 4-Dr Sedan $250 $490 $556 $32 $166 $1,494 $125
Sonata GLS 4-Dr Sedan $250 $490 $556 $32 $166 $1,494 $125
Sonata SE 4-Dr Sedan $250 $578 $556 $32 $166 $1,582 $132
Sonata SE 4-Dr Sedan $250 $578 $556 $32 $166 $1,582 $132
Sonata Limited 4-Dr Sedan $282 $578 $556 $32 $166 $1,614 $135
Sonata Limited 4-Dr Sedan $282 $578 $556 $32 $166 $1,614 $135
Get Your Own Custom Quote Go

Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Rate information does not factor in zip code location which can influence insurance rates greatly.

Higher deductibles save money

One of the most common car insurance questions is how high should your deductibles be. The data tables below approximate the differences in price of buying low and high insurance deductibles. The first data set uses a $250 deductible for physical damage and the second price grid uses a $1,000 deductible.

Hyundai Sonata insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $314 $528 $458 $28 $138 $1,491 $124
Sonata GLS 4-Dr Sedan $314 $528 $458 $28 $138 $1,491 $124
Sonata GLS 4-Dr Sedan $314 $528 $458 $28 $138 $1,491 $124
Sonata SE 4-Dr Sedan $314 $624 $458 $28 $138 $1,587 $132
Sonata SE 4-Dr Sedan $314 $624 $458 $28 $138 $1,587 $132
Sonata Limited 4-Dr Sedan $354 $624 $458 $28 $138 $1,627 $136
Sonata Limited 4-Dr Sedan $354 $624 $458 $28 $138 $1,627 $136
Get Your Own Custom Quote Go

Hyundai Sonata insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $194 $332 $458 $28 $138 $1,150 $96
Sonata GLS 4-Dr Sedan $194 $332 $458 $28 $138 $1,150 $96
Sonata GLS 4-Dr Sedan $194 $332 $458 $28 $138 $1,150 $96
Sonata SE 4-Dr Sedan $194 $392 $458 $28 $138 $1,210 $101
Sonata SE 4-Dr Sedan $194 $392 $458 $28 $138 $1,210 $101
Sonata Limited 4-Dr Sedan $218 $392 $458 $28 $138 $1,234 $103
Sonata Limited 4-Dr Sedan $218 $392 $458 $28 $138 $1,234 $103
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Rates do not factor in specific location information which can alter premium rates considerably.

We can derive from the above data that using a $250 deductible costs roughly $31 more each month or $372 each year than quoting the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you have at a minimum 24 months between claims, you would save more money if you elect the higher deductible.

The information below demonstrates how deductible levels and can raise or lower Hyundai Sonata insurance prices for each age group. Data assumes a single male driver, comprehensive and collision coverage, and no discounts are factored in.

Full coverage versus liability only rates

The information below compares Hyundai Sonata insurance costs when comparing full coverage to state minimum liability only. The premiums assume no driving violations, no at-fault accidents, $100 deductibles, single status, and no policy discounts are applied.

When to stop buying comprehensive and collision coverage

There is no clear-cut rule of when to eliminate comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s say your Hyundai Sonata claim settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after paying your deductible. If premiums are more than $800 a year for physical damage coverage, then you might consider buying liability only.

There are some circumstances where removing full coverage is not a good idea. If you still owe money on your vehicle, you have to keep full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

How do Insurance Companies Determine Hyundai Sonata Insurance Premiums?

A large part of saving on insurance is knowing the factors that go into determining the rates you pay for insurance. When you understand what positively or negatively impacts your premiums, this enables informed choices that will entitle you to big savings. Lots of things are part of the calculation when pricing auto insurance. Most are fairly basic like an MVR report, but others are not quite as obvious like your continuous coverage and annual miles driven.

Independent versus exclusive car insurance agents

Certain consumers just want to talk to a local agent and that can be a great decision Professional agents are very good at helping people manage risk and help you file claims. A good thing about getting online price quotes is you may find lower car insurance rates but also keep your business local. Buying from local insurance agencies is definitely important in Baltimore.

Baltimore insurance agentsAfter filling out this simple form, your information is submitted to companies in Baltimore who will give competitive quotes for your business. You never need to contact any agents because prices are sent to the email address you provide. If you wish to compare prices from a specific insurance company, just navigate to their website and fill out the quote form the provide.

When narrowing the list to find a local agent, you need to know there are two different agency structures and how they operate. Agents in Baltimore are classified as either exclusive or independent agents depending on their company appointments. Both types can handle insurance, but we need to point out the subtle differences because it may have an impact on buying decisions.

Independent Insurance Agencies or Brokers

Agents that choose to be independent can sell policies from many different companies so as a result can place your coverage with any number of different companies and find you cheaper rates. If they find a lower price, they can switch companies in-house which makes it simple for you.

If you are comparing rate quotes, you need to compare prices from at least one independent agent for maximum quote selection.

Featured below is a partial list of independent agencies in Baltimore who may be able to give you free insurance rate quotes.

14 W Saratoga St #100Baltimore, MD 21201(410) 837-2320View Map

11 E Lexington StBaltimore, MD 21202(443) 869-6424View Map

1400 S Charles StBaltimore, MD 21230(410) 779-9272View Map

More insurance agents

Exclusive Insurance Agencies

These type of agents have only one company to place business with and examples are AAA, Allstate, and State Farm. They generally cannot shop your coverage around so always compare other rates. Exclusive agencies are very knowledgeable on what they offer which helps them compete with independent agents.

Below are Baltimore exclusive insurance agents who can help you get price quote information.

733 W 40th St #311Baltimore, MD 21211(410) 467-9600View Map

6100 Eastern AveBaltimore, MD 21224(410) 633-5000View Map

211 Key HwyBaltimore, MD 21230(667) 309-3792View Map

More insurance agents

Picking an insurance agent needs to be determined by more than just a cheap price. These are some questions you should get answers to.

How to find a good Maryland car insurance company

Insuring your vehicle with the highest-rated car insurance provider is difficult considering how many companies sell insurance in Baltimore. The company rank data displayed below may help you decide which car insurance companies you want to consider putting your business with.

Top 10 Baltimore Car Insurance Companies by A.M. Best Rank

  1. Travelers – A++
  2. USAA – A++
  3. GEICO – A++
  4. State Farm – A++
  5. Titan Insurance – A+
  6. Esurance – A+
  7. Progressive – A+
  8. The Hartford – A+
  9. Allstate – A+
  10. Nationwide – A+

Final considerations

We just presented a lot of techniques to reduce Hyundai Sonata insurance rates online in Baltimore. The key concept to understand is the more companies you get auto insurance rates for, the better likelihood of getting inexpensive Baltimore car insurance quotes. You may even discover the most savings is with a small local company. Smaller companies may have significantly lower auto insurance rates on certain market segments than the large multi-state companies such as State Farm and Allstate.

As you prepare to switch companies, it’s not a good idea to reduce needed coverages to save money. In many cases, an accident victim reduced liability coverage limits only to find out they didn’t purchase enough coverage. Your focus should be to buy a smart amount of coverage at the lowest possible cost while still protecting your assets.

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