How Much Does 2002 Hyundai Santa Fe Car Insurance Cost?

Shoppers have a choice when shopping for affordable Hyundai Santa Fe insurance. You can either spend your time driving around getting price quotes or use the internet to make rate comparisons. There is a better way to buy car insurance and we’ll show you the absolute fastest way to get price quotes for a new or used Hyundai and find the lowest possible price from local insurance agents and online providers.

It’s a good habit to compare prices occasionally because rates are constantly changing. If you had the best rates on Santa Fe coverage on your last policy there is a good chance you can find better rates now. Starting now, forget all the misinformation about car insurance because you’re going to learn the proper way to properly buy coverages and cut your premium.

Which Insurance Coverage is Cheapest?

All the larger insurance coverage companies allow you to get pricing on the web. Getting online rates doesn’t take a lot of time as you simply type in your personal and coverage information as requested by the quote form. Once entered, their system pulls your credit score and driving record and gives you a price quote.

Quoting online helps simplify price comparisons, but the time required to go to a lot of sites and fill out multiple forms can be a bit repetitive. But it is imperative to compare as many rates as possible in order to get a lower rate.

The easiest way to locate the lowest prices uses one simple form that analyzes rates from a lot of companies. It’s a real time-saver, reduces the work, and makes online price comparison much easier to do. Immediately after submitting the form, it is quoted and you can choose any of the quotes returned. If the quotes result in lower rates, it’s easy to complete the application and buy the policy. This process takes just a few minutes to complete and may result in a nice savings.

In order to find out what other companies charge, simply click here to open in new window and enter your vehicle and coverage information. If you have your current policy handy, we recommend you input your coverages just like they are on your policy. Doing this assures you will be getting a fair comparison for similar insurance coverage.

Do you qualify for a discount?

Companies that sell car insurance don’t list all their discounts in an easy-to-find place, so the following is a list of some of the best known and also the lesser-known insurance savings. If they aren’t giving you every credit you qualify for, you’re just leaving money on the table.

  • Multiple Cars – Buying insurance for all your vehicles on one policy qualifies for this discount.
  • Multi-policy Discount – When you combine your home and auto insurance with the same company you could get a discount of 10% to 20% off each policy.
  • Paperless Signup – Certain companies will give a small break for buying a policy and signing up over the internet.
  • Auto/Life Discount – Some companies give a break if you buy life insurance from them.
  • Clubs and Organizations – Being a member of a qualifying organization could trigger savings on insurance on Santa Fe coverage.
  • Drivers Ed for Students – Require your teen driver to enroll in driver’s education if offered at their school.
  • Homeowners Pay Less – Owning a house may earn you a small savings because of the fact that having a home demonstrates responsibility.

As a disclaimer on discounts, many deductions do not apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. Even though it may seem like it’s possible to get free car insurance, companies wouldn’t make money that way.

Insurance companies that may have these money-saving discounts may include but are not limited to:

Double check with every prospective company how you can save money. Savings might not be offered in your area.

Factors determining your Hyundai Santa Fe insurance premium

Smart consumers have a good feel for some of the elements that come into play when calculating insurance rates. Knowing what controls the rates you pay allows you to make educated decisions that may reward you with better insurance rates.

The list below includes some of the items companies use to determine rates.

  • Liability insurance protects assets – The liability section of your policy is the coverage that protects you if ever you are found liable for damages from an accident. It will provide for a legal defense which can be incredibly expensive. This coverage is very inexpensive compared to insuring for physical damage coverage, so drivers should carry high limits.
  • Women pay lower rates – Statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that women are BETTER drivers than men. Both sexes tend to get into accidents in similar numbers, but the males cause more damage. They also get more serious tickets such as reckless driving. Male drivers age 16 to 19 are the most expensive to insure and therefore have the most expensive insurance rates.
  • Higher deductibles cost less – Coverage for physical damage, also known as collision and other-than-collision, protects your Hyundai from damage. Some examples of claims that would be covered could be a windshield shattered by a rock, vandalism, or theft. The deductibles are the amount of money you are required to spend if you file a covered claim. The more expense the insured has to pay upfront, the lower your rates will be on Santa Fe coverage.
  • Safer cars are cheaper to insure – Cars with high safety ratings tend to have better insurance rates. These vehicles have better occupant injury protection and any reduction in injury severity translates into savings for insurance companies and lower rates for you. If your Hyundai Santa Fe has ratings of a minimum four stars on it is probably cheaper to insure.

What coverages do I need?

When it comes to buying the best insurance coverage for your vehicles, there is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

These are some specific questions may help you determine if your situation could use an agent’s help.

  • Why is insurance for a teen driver so high?
  • Am I covered if I drive in a foreign country?
  • Am I insured when driving a different vehicle?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Is my dog or cat covered if injured in an accident?
  • What vehicles should carry emergency assistance coverage?
  • Does my insurance cover damage caused when ticketed for reckless driving?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, free and you can get the answers you need.

Is there truth in advertising?

Drivers get pounded daily by advertisements for car insurance savings from the likes of Progressive, Allstate and GEICO. All the ads make an identical promise that you can save if you change your coverage to them.

How does each company say the same thing? It’s all in the numbers.

Insurance companies can use profiling for the driver that is profitable for them. For example, a profitable customer might be over the age of 40, has no driving citations, and has excellent credit. A customer who fits that profile will get the preferred rates and therefore will pay quite a bit less when switching companies.

Consumers who fall outside these standards will have to pay more money which usually ends up with business not being written. The ad wording is “drivers who switch” not “people who quote” save money. That is how companies can claim big savings. Because of the profiling, you need to get as many comparisons as possible. It’s not possible to predict which company will provide you with the cheapest Hyundai Santa Fe insurance rates.

Car insurance 101

Learning about specific coverages of your auto insurance policy helps when choosing the right coverages and proper limits and deductibles. Auto insurance terms can be confusing and even agents have difficulty translating policy wording.

Liability coverages

Liability coverage provides protection from damage or injury you incur to people or other property. This insurance protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for claims like structural damage, funeral expenses, medical services and repair costs for stationary objects. How much coverage you buy is a decision to put some thought into, but consider buying higher limits if possible.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for short-term medical expenses for EMT expenses, ambulance fees, prosthetic devices, doctor visits and rehabilitation expenses. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Hyundai Santa Fe.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as hitting a mailbox, rolling your car, driving through your garage door, hitting a parking meter and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.

Comprehensive insurance

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as hitting a bird, damage from getting keyed, a tree branch falling on your vehicle, vandalism and theft. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Shop smart and save

When trying to cut insurance costs, make sure you don’t buy less coverage just to save a little money. There have been many situations where someone sacrificed uninsured motorist or liability limits to discover at claim time that the savings was not a smart move. Your goal should be to purchase a proper amount of coverage at an affordable rate.

Insureds change insurance companies for many reasons like not issuing a premium refund, unfair underwriting practices, high prices and lack of trust in their agent. Whatever your reason, finding a new insurance coverage company can be less work than you think.

We just showed you a lot of tips how to save on 2002 Hyundai Santa Fe insurance. The most important thing to understand is the more providers you compare, the better chance you’ll have of finding lower rates. You may even find the biggest savings come from some of the smallest insurance companies.

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