Auto Insurance Rate Quotes for a Hyundai Veracruz in Seattle

Think you have overpriced Hyundai Veracruz insurance in Seattle? Trust us when we tell you you’re not the only one.

Regrettably, a large majority of insurance policyholders renewed their policy with the same company for more than four years, and just short of a majority have never compared insurance rates at all. With the average insurance premium being $1,200, Seattle drivers could cut their rates by 40% a year, but most just don’t grasp the large savings they would see if they switched.

Due to the increasing number of options when it comes to insurance, it’s difficult to choose a more affordable company.

It’s a good habit to do price comparisons on a regular basis because insurance prices are usually higher with each renewal. Just because you had the best deal on Hyundai Veracruz insurance in Seattle a couple years back you may be paying too much now. Forget anything you know (or think you know) about insurance because we’re going to show you the right way to remove unneeded coverages and save money.

Locating the most affordable policy in Seattle is not as hard as you think. Essentially anyone who wants cheaper insurance will more than likely find a cheaper policy. Although Washington consumers do need to learn how insurance companies sell insurance online because it can help you find the best coverage.

Companies offer many discounts on Hyundai Veracruz insurance in Seattle

Insuring your fleet can be pricey, but you may be missing some discounts to cut the cost considerably. Some of these discounts will be visible at the time of purchase, but some need to be asked about in order for you to get them. If they aren’t giving you every credit available, you are paying more than you should be.

• Theft Prevention System – Anti-theft and alarm system equipped vehicles help deter theft and can earn a small discount on your policy.
• Employee of Federal Government – Employees or retirees of the government may qualify for a discount when you quote Seattle auto insurance with certain companies.
• Data Collection Discounts – Drivers who elect to allow companies to track driving manner by using a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates as long as they are good drivers.
• Payment Method – If you can afford to pay the entire bill rather than paying monthly you can avoid monthly service charges.
• Multi-car Discount – Buying coverage for primary and secondary vehicles with the same auto insurance company can get a discount on all vehicles.
• New Car Discount – Insuring a vehicle that is new can save you some money since new vehicles are generally safer.
• Renewal Discounts – Some auto insurance companies reward drivers for switching to them early. Ten percent is about the average savings.
• Mature Driver Discount – Drivers that qualify as senior citizens are able to get a slight reduction on a Seattle auto insurance quote.

Just know that most credits do not apply to the entire policy premium. Some only reduce individual premiums such as collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. Any qualifying discounts should help reduce your policy premium.

A few of the larger companies and a selection of discounts are included below.

• State Farm offers discounts for accident-free, multiple autos, Drive Safe & Save, good student, and student away at school.
• American Family has discounts for TimeAway discount, air bags, bundled insurance, good student, and accident-free.
• AAA discounts include pay-in-full, anti-theft, good driver, education and occupation, multi-policy, and AAA membership discount.
• GEICO may offer discounts for anti-lock brakes, driver training, membership and employees, multi-vehicle, daytime running lights, air bags, and good student.
• Mercury Insurance offers premium reductions for annual mileage, accident-free, age of vehicle, type of vehicle, good driver, location of vehicle, and ease of repair.
• Farmers Insurance has savings for homeowner, business and professional, alternative fuel, bundle discounts, youthful driver, electronic funds transfer, and teen driver.
• Progressive policyholders can earn discounts including online quote discount, online signing, multi-policy, good student, continuous coverage, and multi-vehicle.

Before buying, ask all the companies the best way to save money. A few discounts might not be available to policyholders in your area.

Just remember that having more price comparisons helps improve the odds of finding the best rates. Some companies don’t provide online Seattle Veracruz insurance quotes, so you should also compare price quotes from those companies as well.

The companies shown below have been selected to offer price quotes in Washington. If more than one company is shown, it’s a good idea that you visit two to three different companies in order to get a fair rate comparison.

Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Washington minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Rate information does not factor in specific Seattle garaging location which can raise or lower premium rates considerably.

Illustration showing the impact of accidents and violations

The example below illustrates how traffic citations and accident claims can raise Hyundai Veracruz annual premium costs for different insured age categories. The data is based on a single female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.

Hyundai Veracruz liability-only versus full coverage

The example below visualizes the comparison of Hyundai Veracruz yearly insurance costs with full physical damage coverage compared to only buying liability only. The rates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, married male driver, and no discounts are factored in.

Are you wasting money on full coverage?

There is no set guideline to stop paying for full coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than about 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s say your Hyundai Veracruz book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after paying your deductible. If premium cost is more than $700 annually for your policy with full coverage, then you might want to think about dropping full coverage.

There are a few cases where eliminating full coverage is not a good idea. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.

Policy deductibles

One of the more difficult decisions when buying car insurance is where should you set your physical damage deductibles. The rates shown below sum up the costs and benefits between high and low deductibles. The first rate table uses a $250 physical damage deductible and the second set of prices uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Washington minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Rate information does not factor in the specific area where the vehicle is garaged which can increase or decrease price quotes considerably.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs roughly $23 more each month or $276 for a full year than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 33 months between claims, you would save money by selecting a higher deductible.

Informed Drivers Can Cut Insurance Costs

Multiple criteria are taken into consideration when premium rates are determined. Some are obvious like a motor vehicle report, but some are more obscure such as your credit history and annual miles driven. An important part of buying insurance is that you know the different types of things that are used to determine the rates you pay for insurance. If you have some idea of what impacts premium levels, this empowers consumers to make smart changes that could result in lower insurance prices.

Safer vehicles means better insurance rates – Vehicles that have high safety ratings are cheaper to insure. The safest vehicles result in less severe injuries and any reduction in injury severity means less claims paid which can result in lower premiums.

Can a thief steal your car? – Choosing to buy a car with advanced anti-theft systems can help lower your premiums. Systems that thwart thieves like OnStar, LoJack tracking, and tamper alarms can help prevent your vehicle from being stolen.

Teenage drivers pay high costs – Older insureds are more responsible, tend to file fewer claims, and receive fewer citations.Drivers with little experience are proven to be less responsible with other occupants in the car and because of this, their insurance rates are much higher.

Marriage pays dividends – Your spouse may earn you lower rates compared to being single. Having a spouse translates into being more responsible and insurance companies reward insureds because being married results in fewer claims.

Drive lots and pay more – The more miles you rack up on your Hyundai every year the more you’ll pay to insure your vehicle. The majority of insurers apply a rate based on how the vehicle is used. Autos not used for work or commuting receive better premium rates than those used for commuting. Make sure your policy is rated on the correct usage for each vehicle, because improper ratings can cost you money. Having the wrong rating on your Veracruz can cost quite a bit.

Discounts for multiple policies – The majority of insurance companies afford lower prices for people who carry more than one policy, otherwise known as a multi-policy discount. Even with this discount, it’s always a smart idea to shop around to confirm you are receiving the best rates possible.

Vocation reflects on premiums – Jobs such as real estate brokers, business owners and miners are shown to have higher rates than the rest of us due to intense work-related stress and extremely grueling work hours. Conversely, jobs such as farmers, athletes and the unemployed generally pay rates lower than average.

Compare rate quotes but buy from a local neighborhood Seattle car insurance agent

Many drivers just want to sit down with an agent and that is recommended in a lot of cases An additional benefit of comparing insurance prices online is you can get cheaper car insurance rates and still buy from a local agent. Buying insurance from local insurance agents is still important in Seattle.

Once you complete this simple form, your insurance coverage information gets sent to companies in Seattle who want to provide quotes for your business. There is no reason to do any legwork since rate quotes are delivered to the email address you provide. You can get cheaper auto insurance rates without having to waste a lot of time. If you need to get a price quote for a specific company, you would need to jump over to their website and fill out their quote form.

The type of car insurance agent you choose is important

If you prefer to buy auto insurance from a good insurance agency, it can be helpful to understand the different agency structures to choose from. Auto insurance policy providers may be either exclusive or independent.

Independent Agents (or Brokers)

Independent insurance agents are not required to write business for one company so they can insure your vehicles through many different auto insurance companies and help determine which has the cheapest rates. If they find a cheaper price, an independent agent can move your coverage and that require little work on your part.

If you need cheaper auto insurance rates, we recommend you get several quotes from several independent insurance agents in order to have the best price comparison.

Featured below is a small list of independent insurance agencies in Seattle who may provide competitive price quotes.

View more Seattle agents

Exclusive Auto Insurance Agents

These agents can only provide one company’s prices such as State Farm, Allstate, and Farm Bureau. These agents are not able to shop your coverage around so always compare other rates. Exclusive insurance agents are well trained on their company’s products which helps overcome the inability to quote other rates.

Listed below are Seattle exclusive agencies that are able to give price quotes.

View more Seattle agents

Finding a good insurance agency shouldn’t rely on just a cheap price quote. Ask your prospective agent these questions:

• Which insurance company do they prefer to write with?
• Does the company have a local claim office in Seattle?
• How long has their agency been open in Seattle?
• Do they get extra compensation for selling add-on coverages?
• Is every driver in your family covered?
• Do clients work directly with the agent or are most inquiries handled by a CSR?

Choosing the best Hyundai Veracruz insurance in Washington is an important decision

Despite the high cost, insuring your vehicle is required by state law in Washington and it also provides benefits you may not be aware of.

First, most states have minimum liability requirements which means it is punishable by state law to not carry specific minimum amounts of liability insurance in order to be legal. In Washington these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you have a lien on your Veracruz, it’s guaranteed your bank will stipulate that you have physical damage coverage to protect their interest in the vehicle. If you let the policy lapse, the bank may insure your Hyundai for a lot more money and require you to fork over a much higher amount than you were paying before.

Third, insurance protects both your vehicle and your assets. It also can pay for most medical and hospital costs for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, will also pay attorney fees if you are sued as the result of an accident. If you have damage to your Hyundai as the result of the weather or an accident, your auto insurance policy will pay to repair the damage.

The benefits of insuring your car are definitely more than the cost, especially for larger claims. The average driver in America is currently overpaying as much as $750 every year so you should quote rates each time the policy renews to save money.

Final considerations

Cheap Hyundai Veracruz insurance in Seattle is available on the web and with local Seattle insurance agents, and you should be comparing both in order to have the best chance of saving money. Some insurance providers do not offer price quotes online and many times these regional insurance providers sell through independent insurance agencies.

When getting Seattle auto insurance quotes online, never reduce needed coverages to save money. There are a lot of situations where drivers have reduced full coverage and discovered at claim time that it was a big mistake. Your objective should be to find the BEST coverage for the lowest cost while not skimping on critical coverages.

In this article, we presented some good ideas how to compare Hyundai Veracruz insurance prices in Seattle. The key concept to understand is the more you quote Seattle auto insurance, the better your chances of lowering your rates. You may even find the best prices are with an unexpected company. They may often insure only within specific states and give better rates compared to the large companies like Progressive or GEICO.

To read more, feel free to visit the following helpful articles:

• Liability Insurance Coverage (Nationwide)
• What Auto Insurance is Cheapest for Welfare Recipients in Seattle? (FAQ)
• How Much is Car Insurance for First-time Drivers in Seattle? (FAQ)
• Safety Belts FAQ (iihs.org)
• Tread Depth and Tire Safety (State Farm)
• Frontal Crash Tests (iihs.org)
• Five Mistakes to Avoid (Insurance Information Institute)