Save Money on Hyundai Santa Fe Insurance in Baltimore

Insurance rates Hyundai Santa Fe in BaltimoreReally, the only way to get discount Hyundai Santa Fe insurance is to regularly compare price quotes from insurers who provide auto insurance in Baltimore.

A good piece of advice is to compare identical limits and deductibles on each quote and to quote with every company you can. This enables the most accurate price comparison and the best price selection.

It’s easy to assume that insurance companies don’t want you to look for a cheaper policy. Insureds who shop around will presumably buy a new policy because there is a great chance of finding a more affordable policy premium. A survey found that drivers who did price comparisons regularly saved about $3,400 over four years compared to drivers who never shopped for cheaper rates.

If finding the best price on car insurance in Baltimore is your goal, then learning about how to find and compare insurance premiums can save time and money.

The best way we recommend to get rate comparisons for Hyundai Santa Fe insurance in Baltimore is to understand most of the bigger providers participate in a system to give you rate quotes. All you need to do is provide a small amount of information like types of safety features, whether you have decent credit, what you do for a living, and how much education you have. Your rating data gets sent immediately to insurance companies and you should receive rate quotes within a short period of time.

To check Hyundai Santa Fe insurance prices now, click here and see if a lower rate is available in Baltimore.

The following companies have been selected to offer comparison quotes in Maryland. To buy the best car insurance in Baltimore, MD, it’s highly recommended you get price quotes from several of them in order to find the cheapest rates.

These discounts can lower Hyundai Santa Fe insurance rates

Companies do not list the entire discount list in an easy-to-find place, so we break down both well-publicized and the harder-to-find ways to save on auto insurance.Auto insurance discounts

As is typical with insurance, some of the credits will not apply to the entire cost. Most only reduce individual premiums such as collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, companies don’t profit that way.

The chart below illustrates the comparison of Hyundai Santa Fe insurance rates with and without discounts applied to the policy rates. The data assumes a female driver, no driving violations, no at-fault accidents, Maryland state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, claim-free, multi-car, homeowner, and multi-policy discounts applied.

Popular auto insurance companies and some of the discounts can be read below.

It’s a good idea to ask every insurance company which discounts can lower your rates. All car insurance discounts may not apply in your state.

Auto insurance statistics for a Hyundai Santa Fe

The coverage information displayed below highlights estimates of prices for Hyundai Santa Fe models. Having a good understanding how auto insurance policy rates are formulated can help guide drivers when making smart choices when selecting a policy.

Hyundai Santa Fe Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $238 $536 $390 $24 $116 $1,304 $109
Santa Fe GLS 4WD $272 $536 $390 $24 $116 $1,338 $112
Santa Fe SE 2WD $272 $536 $390 $24 $116 $1,338 $112
Santa Fe Limited 2WD $272 $632 $390 $24 $116 $1,434 $120
Santa Fe SE 4WD $272 $632 $390 $24 $116 $1,434 $120
Santa Fe Limited 4WD $308 $632 $390 $24 $116 $1,470 $123
Get Your Own Custom Quote Go

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rate information does not factor in specific Baltimore garaging location which can decrease or increase price quotes substantially.

Raise deductibles and save

When shopping for auto insurance, a common question is which comprehensive and collision deductibles to buy. The rates below approximate how much more you’ll pay between high and low deductibles. The first table uses a $100 deductible for physical damage and the second pricing table uses a $500 deductible.

Hyundai Santa Fe insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $304 $632 $406 $24 $122 $1,513 $126
Santa Fe GLS 4WD $350 $632 $406 $24 $122 $1,559 $130
Santa Fe SE 2WD $350 $632 $406 $24 $122 $1,559 $130
Santa Fe Limited 2WD $350 $744 $406 $24 $122 $1,671 $139
Santa Fe SE 4WD $350 $744 $406 $24 $122 $1,671 $139
Santa Fe Limited 4WD $394 $744 $406 $24 $122 $1,715 $143
Get Your Own Custom Quote Go

Hyundai Santa Fe insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $222 $426 $406 $24 $122 $1,200 $100
Santa Fe GLS 4WD $256 $426 $406 $24 $122 $1,234 $103
Santa Fe SE 2WD $256 $426 $406 $24 $122 $1,234 $103
Santa Fe Limited 2WD $256 $502 $406 $24 $122 $1,310 $109
Santa Fe SE 4WD $256 $502 $406 $24 $122 $1,310 $109
Santa Fe Limited 4WD $288 $502 $406 $24 $122 $1,342 $112
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 safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Prices do not factor in specific garaging location which can affect coverage prices considerably.

Based on this data, using a $100 deductible will cost you about $29 more each month or $348 every year than requesting the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally go at a minimum 14 months between claim filings, you would save more money by going with a higher deductible.

Difference between liability only and full coverage rates

The diagram below illustrates the comparison of Hyundai Santa Fe car insurance rates with full physical damage coverage compared to only buying liability only. The information is based on no accidents or driving violations, $500 deductibles, drivers are single, and no discounts are applied.

When to drop comprehensive and collision

There is no specific rule for excluding physical damage insurance, but there is a guideline you can consider. If the annual cost of coverage is more than 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let’s say your Hyundai Santa Fe replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $4,000 after you pay the deductible. If you are currently paying more than $400 annually for full coverage, then you might consider buying liability only.

There are some scenarios where eliminating full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should maintain full coverage.

What if I want to buy from local Baltimore auto insurance agents?

Some consumers would prefer to sit down with an agent and that is a smart decision Professional agents can help you choose the best coverages and give you someone to call. One of the best bonuses of getting free rate quotes online is the fact that drivers can get cheap car insurance quotes and still choose a local agent. Supporting local insurance agents is definitely important in Baltimore.

Find insurance agent in BaltimoreUpon completion of this simple form, your coverage information is submitted to participating agents in Baltimore who want to provide quotes for your insurance coverage. There is no need to visit any agencies since rate quotes are delivered to you. If you have a need to get a price quote from one company in particular, you just need to visit that company’s website and fill out the quote form the provide.

If you are wanting to find a good insurance agency, you must know there are a couple different agency structures and how they can quote your rates. Car insurance agencies can either be independent agents or exclusive agents depending on their employer. Either one can handle car insurance, but it’s worth learning how they are different because it can factor into the type of agent you choose.

Independent Car Insurance Agents

Independent insurance agents often have many company appointments so as a result can place your coverage with lots of companies and find the cheapest car insurance rates. To transfer your coverage to a different company, the agent simply finds a different carrier which requires no work on your part.

When shopping rates, we recommend you include rate quotes from at least one independent agent in order to compare the most rates. Many can place coverage with smaller regional carriers which could offer lower prices.

Featured below is a list of independent agents in Baltimore that may be able to give you cheap rate quotes.

More Baltimore agents

Exclusive Car Insurance Agencies

Exclusive agents can only provide pricing for a single company and some examples include Allstate, AAA, Farmers Insurance, and State Farm. They are unable to give you multiple price quotes so they have to upsell other benefits. Exclusive agents are very knowledgeable on what they offer which can be an advantage. Some insured continue to purchase coverage from exclusives partially due to the brand name rather than having the cheapest rates.

The following are Baltimore exclusive insurance agents that are able to give price quote information.

More Baltimore agents

Choosing an car insurance agent is decision based upon more than just the quoted price. These are valid questions to ask:

Upon getting good answers to any questions you have in addition to an acceptable price estimate, most likely you have located an insurance agent that can properly insure your vehicles. But keep in mind consumers can cancel your policy at any time so don’t assume you’re contractually obligated to a policy for the full term.

Baltimore Insurance Premiums are Influenced by These Factors

Many things are used in the calculation when pricing auto insurance. Most are fairly basic such as your driving record, although others are not quite as obvious like where you live and annual miles driven.

Listed below are some of the items used by companies to determine your rate level.

Guys pay more for insurance coverage – Over the last 30 years, statistics show females are less aggressive when driving. The data does not necessarily mean that women are better drivers. Both genders get in at-fault accidents at a similar rate, but males get into accidents with more damage. In addition to higher claims, males also get ticketed for serious violations such as DWI and reckless driving. Young men ages 16 to 20 are the most expensive to insure and therefore pay the highest rates.

The example below compares Hyundai Santa Fe insurance prices for male and female drivers. Data assumes no claims, a clean driving record, full physical damage coverage, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

Good drivers pay less – Your driving record impacts premiums far more than you think. Only having one chargeable violation can increase rates to the point where it’s not affordable. Careful drivers get better prices than bad drivers. Drivers who get license-revoking violations such as DUI, reckless driving or excessive speeding may need to complete a SR-22 with their state in order to legally drive.

The illustration below demonstrates how traffic citations and at-fault claims raise Hyundai Santa Fe insurance rates for different categories of driver ages. The rate quotes are based on a single female driver, full coverage, $100 deductibles, and no discounts are applied to the premium.

Being married brings a discount – Having a spouse actually saves money on your insurance bill. It generally demonstrates drivers are more mature and it’s statistically proven that married drivers tend to file fewer claims.

Liability is critical – The liability coverage on your policy kicks in when you are determined to be liable for an accident. It will provide for a legal defense up to the limits shown on your policy. It is affordable coverage as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.

Credit history impacts costs – Your credit rating will be a significant factor in determining your rates. So if your credit can use some improvement, you could pay less to insure your Hyundai Santa Fe by taking the time to improve your credit score. Drivers with high credit scores tend to be less risk to insure than drivers with lower credit ratings.

Coverage lapses lead to higher premiums – Going without insurance can be a sure-fire way to bump up your insurance costs. In addition to paying higher rates, failure to provide proof of insurance can result in fines or a revoked license.

Teen drivers cost more – Older people are more responsible, statistically cause fewer accidents, and tend to be get fewer driving tickets. Drivers with little experience are known to be inattentive and easily distracted when behind the wheel so they pay higher insurance rates.

The next chart uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Hyundai Santa Fe insurance loss data – Insurers factor in historical loss data to help determine the price you pay. Models that tend to have increased claim numbers or amounts will have a higher cost to insure.

The table below outlines the collected loss data for Hyundai Santa Fe vehicles. For each policy coverage, the claim amount for all vehicles, regardless of make, model or trim level, is equal to 100. Values below 100 suggest a better than average loss history, while numbers that are greater than 100 indicate a higher chance of having a claim or an increased likelihood of larger losses.

Hyundai Santa Fe Insurance Claim Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Santa Fe 4dr 2WD 91 94 82 86 92 91
Hyundai Santa Fe 4dr 4WD 109 115 97 96 84 94
Hyundai Santa Fe Sport 4dr 2WD 88 90 93 90 89 93
Hyundai Santa Fe Sport 4dr 4WD 95 91 110 90 96 84

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

Auto insurance does more than just repair your car

Despite the high insurance cost for a Hyundai Santa Fe in Baltimore, insuring your vehicle is most likely required but also gives you several important benefits.

The benefits of buying enough insurance are definitely more than the cost, particularly when you have a large claim. The average driver in Maryland is wasting up to $850 per year so smart consumers compare quotes at every renewal to ensure rates are inline.

Car insurance company ratings

Selecting the right insurer can be difficult considering how many different companies insure vehicles in Maryland. The information shown below can help you pick which coverage providers to look at purchasing from.

Baltimore, Maryland Car Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
Compare Rates Now Go

Data Source: Best Car Insurance Companies

Quote often and quote early

In this article, we presented a lot of techniques to reduce Hyundai Santa Fe insurance rates online in Baltimore. The key thing to remember is the more times you quote, the better your comparison will be. You may even find the best price on auto insurance is with an unexpected company.

Drivers switch companies for any number of reasons including questionable increases in premium, policy non-renewal, not issuing a premium refund or even an unsatisfactory settlement offer. Regardless of your reason, switching auto insurance companies can be less work than you think.

When searching for the cheapest Hyundai Santa Fe rate quotes, do not buy poor coverage just to save money. In many instances, drivers have reduced collision coverage only to regret that it was a big mistake. The goal is to buy a smart amount of coverage at the best price and still be able to protect your assets.

To read more, take a look at the resources below: