If you want to find the absolute lowest rates, then the best way to find more affordable Hyundai Sonata insurance in Charlotte is to start comparing rates regularly from insurers in North Carolina.
- Gain an understanding of how companies price auto insurance and the modifications you can make to prevent rate increases. Many rating criteria that cause rate increases like inattentive driving and a substandard credit history can be controlled by paying attention to minor details. Continue reading for more information to prevent high rates and find overlooked discounts.
- Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO or State Farm, while independent agencies can provide prices from multiple companies. Compare rates now
- Compare the price quotes to your current policy and determine if cheaper Sonata coverage is available. If you find a lower rate, make sure there is no lapse in coverage.
The key thing to remember is to compare the same amount of coverage on each price quote and and to analyze as many companies as feasibly possible. Doing this provides an accurate price comparison and a complete price analysis.
It’s hard to fathom, but the vast majority of consumers kept their policy with the same company for a minimum of four years, and nearly the majority have never compared rates from other carriers. Many drivers in North Carolina can cut their rates by nearly $94 a year, but most tend to underestimate the large savings they would see if they replace their high priced policy.
When comparison shopping, there are several ways of comparing price quotes from different companies. The easiest way by far to do a complete rate comparison consists of obtaining rate quotes online.
Comparison shopping quotes online is easy and it replaces the need to go to and from local insurance agencies. Doing it all online can eliminate the need for a local agent unless you want the advice and guidance that only an agent can give. Drivers can comparison shop online and get advice from an agent in your area. Keep in mind that comparing all the rates in your area will enable you to find the best rates. Not every company allows you to get online Charlotte Sonata insurance quotes, so you need to compare price quotes from them, too.
The companies in the list below are ready to provide price quotes in Charlotte, NC. To buy cheap car insurance in Charlotte, NC, we recommend you click on several of them to get the best price comparison.
Insurance does more than just protect your car
Even though Charlotte Sonata insurance rates can get expensive, buying insurance serves an important purpose.
- Just about all states have minimum mandated liability insurance limits which means state laws require a specific level of liability insurance coverage in order to drive the car legally. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Sonata has a lienholder, it’s guaranteed your bank will have a requirement that you buy insurance to protect their interest in the vehicle. If you default on your policy, the bank or lender will purchase a policy for your Hyundai at a more expensive rate and force you to pay for the expensive policy.
- Insurance protects not only your car but also your assets. It will also cover all forms of medical expenses for not only you but also any passengers injured in an accident. Liability coverage will also pay attorney fees if anyone sues you for causing an accident. If you have damage to your Hyundai as the result of the weather or an accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.
The benefits of insuring your car more than offset the price you pay, especially if you ever need it. According to a 2015 survey, the average American driver overpays as much as $865 each year so compare quotes from several companies every year to ensure rates are competitive.
Rates and information analytics
The rate information below highlights estimates of insurance coverage prices for Hyundai Sonata models. Having a good grasp of how car insurance prices are calculated can benefit drivers when making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $102 | $200 | $296 | $18 | $88 | $704 | $59 |
| Sonata GLS 4-Dr Sedan | $102 | $200 | $296 | $18 | $88 | $704 | $59 |
| Sonata GLS 4-Dr Sedan | $102 | $200 | $296 | $18 | $88 | $704 | $59 |
| Sonata SE 4-Dr Sedan | $102 | $236 | $296 | $18 | $88 | $740 | $62 |
| Sonata SE 4-Dr Sedan | $102 | $236 | $296 | $18 | $88 | $740 | $62 |
| Sonata Limited 4-Dr Sedan | $116 | $236 | $296 | $18 | $88 | $754 | $63 |
| Sonata Limited 4-Dr Sedan | $116 | $236 | $296 | $18 | $88 | $754 | $63 |
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Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Information does not factor in the specific area where the vehicle is garaged which can lower or raise insurance rates noticeably.
Comparison of full coverage and liability-only policies
The information below illustrates the difference between Hyundai Sonata insurance prices with full coverage compared to only the North Carolina minimum liability coverage. The prices are based on no violations or claims, $1,000 deductibles, marital status is single, and no additional discounts are factored in.
Are you wasting money paying for full coverage?
There is no clear-cut formula of when to stop paying for physical damage coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.
For example, let’s assume your Hyundai Sonata replacement value is $7,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $6,000 after paying your policy deductible. If premium cost is more than $600 a year 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 in your best interest. If you still have a loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should maintain full coverage.
Save money with these six discounts
Insurance can be prohibitively expensive, but there are discounts available to help offset the cost. Some discounts apply automatically at quote time, but a few need to be manually applied before they will apply.
- Use Seat Belts – Drivers who require all occupants to use a seat belt can save 10% or more off the PIP or medical payment premium.
- Accident Free – Drivers who don’t have accidents pay much less when compared with frequent claim filers.
- Save with More Vehicles Insured – Drivers who insure several vehicles on one policy can reduce rates for all insured vehicles.
- Own a Home – Being a homeowner can save you money since home ownership requires a higher level of personal finance.
- Switch and Save Discount – Select larger companies give a discount for buying a policy prior to your current Sonata insurance policy expiring. This discount can save up to 10%.
- Telematics Data – Drivers that enable their insurance company to analyze driving habits by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive might get better premium rates if they exhibit good driving behavior.
One thing to note about discounts is that some credits don’t apply to the entire cost. A few only apply to individual premiums such as collision or personal injury protection. Even though the math looks like all the discounts add up to a free policy, nobody gets a free ride.
The chart below compares Hyundai Sonata yearly insurance costs with and without discounts being applied to the rates. The premiums assume a male driver, no accidents, no driving violations, North Carolina state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, safe-driver, claim-free, homeowner, and marriage discounts applied.
Popular car insurance companies and a partial list of their discounts are included below.
- State Farm offers discounts for driver’s education, multiple policy, defensive driving training, good driver, good student, and passive restraint.
- American Family may have discounts that include Steer into Savings, multi-vehicle, good driver, mySafetyValet, TimeAway discount, and air bags.
- AAA offers premium reductions for good student, multi-car, pay-in-full, education and occupation, anti-theft, and AAA membership discount.
- GEICO has savings for air bags, emergency military deployment, good student, membership and employees, multi-vehicle, and federal employee.
- Mercury Insurance discounts include low natural disaster claims, anti-theft, professional/association, accident-free, good driver, multi-policy, and good student.
- Farmers Insurance has discounts for switch companies, good student, multi-car, alternative fuel, homeowner, and mature driver.
- Progressive policyholders can earn discounts including continuous coverage, online quote discount, multi-vehicle, multi-policy, online signing, homeowner, and good student.
If you are trying to find the cheapest Hyundai Sonata rate quotes, ask each company or agent which credits you are entitled to. Savings might not apply in your state. To choose insurance companies that offer discounts in Charlotte, click here to view.