Unbelievable but true, most auto insurance buyers kept buying from the same company for well over three years, and almost half have never shopped around. Most drivers in North Carolina can save $94 each year, but they mistakenly think it’s difficult to do a rate comparison.
If you want to find the absolute lowest rates, then the best way to get more affordable Hyundai Genesis insurance in Charlotte is to make a habit of regularly comparing prices from providers in North Carolina. You can compare rates by completing these steps.
First, try to understand how car insurance works and the modifications you can make to drop your rates. Many things that result in higher rates such as tickets, at-fault accidents, and your credit history can be amended by making minor driving habit or lifestyle changes. Later in this article we will cover instructions to prevent rate hikes and find missing discounts.
Second, request price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from one company like Progressive or Farmers Insurance, while independent agencies can provide rate quotes for a wide range of companies.
Third, compare the quotes to your current policy premium and determine if there is any savings. If you find a lower rate quote and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
Fourth, tell your current company to cancel your current coverage. Submit the application along with any required down payment for your new coverage. Once coverage is bound, safely store the proof of insurance certificate above your visor, in the console, or in the glove compartment.
A tip to remember is that you use the same amount of coverage on every price quote and and to get price quotes from as many companies as you can. Doing this ensures an apples-to-apples comparison and a good representation of prices.
If you currently have auto insurance, you stand a good chance to be able to shop for the lowest rates using the following tips. Locating the most cost-effective auto insurance policy in Charlotte is not rocket science. But North Carolina consumers need to learn how the larger insurance companies price online insurance and use this information to your advantage.
When looking for the cheapest Hyundai Genesis rate quotes, there are a couple ways of comparing rate quotes from different companies. One of the best ways to find affordable Hyundai Genesis insurance rates is to use the internet to compare rates.
It’s so fast and easy to compare price quotes online that it takes the place of having to waste gas driving to all the different Charlotte insurance agencies. Comparing Hyundai Genesis insurance rate quotes online can eliminate the need for a local agent unless your situation requires the professional abilities only provided by licensed Charlotte agents. Some companies do allow you to compare the best prices online but still have the advice of a local agent.
When comparing insurance rates, know that more quotes helps locate a better price.
The companies in the list below have been selected to offer price quotes in North Carolina. If you want the cheapest car insurance in Charlotte, NC, we suggest you compare several of them in order to get a fair rate comparison.
Hyundai Genesis coverage analysis
The premium information shown below covers estimates of policy rates for Hyundai Genesis models. Having knowledge of how car insurance premiums are determined can help customers make decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $122 | $254 | $320 | $18 | $96 | $810 | $68 |
| Genesis 3.8 4-Dr Sedan | $136 | $222 | $218 | $12 | $66 | $654 | $55 |
| Genesis 2.0T Premium 2-Dr Coupe | $136 | $254 | $320 | $18 | $96 | $824 | $69 |
| Genesis 3.8 2-Dr Coupe | $136 | $254 | $320 | $18 | $96 | $824 | $69 |
| Genesis 2.0T Track 2-Dr Coupe | $136 | $254 | $320 | $18 | $96 | $824 | $69 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $136 | $254 | $320 | $18 | $96 | $824 | $69 |
| Genesis 4.6 4-Dr Sedan | $136 | $254 | $218 | $12 | $66 | $686 | $57 |
| Genesis 3.8 Track 2-Dr Coupe | $136 | $288 | $320 | $18 | $96 | $858 | $72 |
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Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Price information does not factor in specific garaging location which can increase or decrease price quotes noticeably.
Safe drivers pay less for insurance
The information below demonstrates how speeding tickets and fender-benders impact Hyundai Genesis insurance costs for each different age group. The data assumes a married female driver, comp and collision included, $500 deductibles, and no other discounts are factored in.
Auto insurance is not optional but you don’t have to overpay
Even though Charlotte Genesis insurance rates can get expensive, auto insurance is not optional due to several reasons.
- Just about all states have minimum liability requirements which means you are required to buy specific minimum amounts of liability protection in order to drive the car. 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 Hyundai Genesis has a loan, almost every bank will require that you have insurance to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may insure your Hyundai for a much higher rate and require you to pay the higher premium.
- Insurance safeguards not only your Hyundai but also your financial assets. It also can pay for medical bills for you, your passengers, and anyone else injured in an accident. Liability insurance will also pay attorney fees if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, your policy will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance more than cancel out the cost, specifically if you ever have a liability claim. But the average American driver overpays more than $865 each year so smart consumers compare quotes each time the policy renews to ensure rates are competitive.
Auto insurance coverage information
Understanding the coverages of your insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverages offered by insurance companies.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims like falling objects, damage from a tornado or hurricane, hail damage, a broken windshield and fire damage. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Auto liability
This will cover damages or injuries you inflict on other people or property by causing an accident. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 30/60/25 that means you have a limit of $30,000 per injured person, a per accident bodily injury limit of $60,000, and a limit of $25,000 paid for damaged property.
Liability insurance covers things such as loss of income, funeral expenses and court costs. The amount of liability coverage you purchase is up to you, but you should buy as much as you can afford. North Carolina requires minimum liability limits of 30/60/25 but you should think about purchasing better liability coverage.
The next chart demonstrates why minimum state limits may not be adequate coverage.
Auto collision coverage
This pays for damage to your Genesis from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against things such as sideswiping another vehicle, crashing into a building, damaging your car on a curb and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also increase the deductible on your Genesis to save money on collision insurance.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance kick in for expenses for X-ray expenses, funeral costs, pain medications and chiropractic care. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Uninsured Motorist or Underinsured Motorist insurance
This provides protection when the “other guys” either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your Hyundai Genesis.
Since a lot of drivers only carry the minimum required liability limits (which is 30/60/25), their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.