View 2014 Hyundai Genesis Insurance Rates

Want cheaper insurance rates for your Hyundai Genesis? If you’ve never shopped for insurance online, you can be overwhelmed by the large number of online companies competing for business.

How to Get Auto Insurance

There are multiple methods you can shop for 2014 Hyundai Genesis auto insurance but some are less time-consuming than others. You can waste a lot of time driving to insurance agencies in your area, or you can stay home and use the internet to accomplish the same thing much quicker.

Most car insurance companies participate in a marketplace that allows shoppers to submit one quote, and at least one company can provide price quotes based on that data. This saves time by eliminating form submissions to each company.

To fill out one form to compare multiple rates now click to open in new window.

The only downside to doing it this way is that consumers can’t choose which insurance companies you want pricing from. If you would rather choose specific providers for rate comparison, we put together a list of auto insurance companies in your area. Click here for list of insurance companies.

It’s up to you which method you use, but make absolute certain that you use the exact same coverages for each comparison quote. If you are comparing higher or lower deductibles then you won’t be able to determine which rate is truly the best. Slightly different coverage limits may result in a large different in cost. It’s important to know that quoting more will enable you to find a better price.

Take advantage of discounts

Companies offering auto insurance don’t list all their discounts in an easy-to-find place, so here is a list some of the more common as well as the least known discounts you could be receiving.

  • Driver’s Ed – Require your teen driver to take driver’s ed class in high school.
  • Student in College – Children living away from home attending college and do not have a car may qualify for this discount.
  • Passive Restraints and Air Bags – Vehicles with factory air bags and/or automatic seat belt systems can get savings of more than 20%.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to wear their seat belts could save 15% off your PIP or medical payments premium.
  • Organization Discounts – Affiliation with a qualifying organization could trigger savings on your policy on Genesis coverage.

It’s important to understand that most discounts do not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like medical payments or collision. Just because you may think all the discounts add up to a free policy, you won’t be that lucky.

Car insurance companies who might offer some of the above discounts may include but are not limited to:

It’s a good idea to ask each insurance company which discounts you may be entitled to. Savings might not apply in your state.

How to know if you need help

When it comes to buying the best auto insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Every situation is different.

For example, these questions can aid in determining whether your personal situation will benefit from professional help.

  • What is the minimum liability in my state?
  • Am I covered when driving someone else’s vehicle?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Do I pay less if my vehicle is kept in my garage?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Does my medical payments coverage pay my health insurance deductible?
  • Why do I need rental car insurance?
  • Is my teenager covered with friends in the car?
  • Do I need replacement cost coverage on my 2014 Hyundai Genesis?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, fill out this quick form.

Why your Hyundai Genesis insurance rates may be high

Smart consumers have a good feel for the different types of things that go into determining the rates you pay for auto insurance. Knowing what influences your rates empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

Listed below are some of the items used by your company to calculate rates.

  • Don’t cancel a policy without a new one in place – Not having insurance can get your license suspended and you will pay a penalty because you let your coverage have a gap. And not only will your rates increase, getting caught without coverage can result in a revoked license or a big fine.Then you may be required to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
  • One company can mean more discounts – The majority of auto insurance companies provide better rates to policyholders who consolidate policies with them. It’s known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even with this discount, it’s in your best interest to comparison shop to confirm you are receiving the best rates possible.
  • Protect your assets with liability insurance – Your policy’s liability coverage is the protection in the event that you are found liable for causing damage or personal injury in an accident. Liability insurance provides you with a defense in court which can be incredibly expensive. Liability is cheap as compared to coverage for physical damage, so drivers should carry high limits.
  • Tickets mean higher rates – Your driving record impacts your car insurance rates tremendously. Drivers with clean records get better rates than their less careful counterparts. Even a single citation may increase your cost by twenty percent. Drivers who get dangerous violations like hit and run, DWI or reckless driving convictions may be required to submit a SR-22 form with their state motor vehicle department in order to prevent a license revocation.
  • Women pay lower rates – The statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that men are worse drivers. Both sexes tend to get into accidents in similar numbers, but men cause more damage. Men also receive more costly citations like reckless driving and DUI. Male drivers age 16 to 19 tend to get in the most accidents and are penalized with high auto insurance rates.
  • Older drivers save more – Teenage drivers have a tendency to be more careless in a vehicle so they pay higher auto insurance rates. Mature drivers are viewed as being more responsible, tend to cause fewer accidents and are safer drivers.
  • Adjust deductibles and save – Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your Hyundai. Some instances where coverage would apply are running into the backend of another car, vandalism, and rolling your vehicle. Physical damage deductibles are how much you are required to spend if you file a covered claim. The higher the amount you are required to pay out-of-pocket, the lower your rates will be on Genesis coverage.
  • Add-on coverages can add up – There are a lot of extra coverages that you can buy on your Genesis policy. Coverages like roadside assistance, towing coverage and additional equipment coverage may be wasting your money. They may seem like a good idea at first, but now you might not need them so get rid of them and save.

Misconceptions in car insurance advertisements

21st Century, Allstate and State Farm continually stream ads in print and on television. All the companies make the same claim of big savings after switching your coverage to them. But how can every company say the same thing?

Different companies are able to cherry pick for the type of customer that earns them a profit. For example, a desirable insured could possibly be a mature driver, owns a home, and drives less than 7,500 miles a year. Any driver who fits that profile will get very good rates and most likely will save a lot of money.

Drivers who don’t measure up to these standards will have to pay higher prices and ends up with the customer not buying. The ads say “drivers who switch” but not “drivers who get quotes” save that much money. That’s the way insurance companies can state the savings. Because of the profiling, you absolutely need to get a wide range of price quotes. It’s just too difficult to predict which car insurance company will provide you with the cheapest Hyundai Genesis insurance rates.

Specific coverages for a 2014 Hyundai Genesis

Understanding the coverages of your car insurance policy helps when choosing the right coverages for your vehicles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.

Coverage for medical payments – Coverage for medical payments and/or PIP reimburse you for expenses for things like prosthetic devices, X-ray expenses, surgery and nursing services. 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 as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages – This pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as a broken windshield, theft, hitting a bird, hail damage and damage from a tornado or hurricane. The most you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured and underinsured coverage – This coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2014 Hyundai Genesis.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

Auto liability insurance – This coverage can cover damage or injury you incur to people or other property by causing an accident. It protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability can pay for claims like repair costs for stationary objects, structural damage and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but consider buying as large an amount as possible.

Collision – This will pay to fix damage to your Genesis resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as colliding with a tree, crashing into a ditch, damaging your car on a curb, sustaining damage from a pot hole and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Smart shoppers get results

We just covered a lot of techniques to get a better price on 2014 Hyundai Genesis insurance. It’s most important to understand that the more providers you compare, the better likelihood of reducing your rate. You may even discover the best price on insurance is with a company that doesn’t do a lot of advertising.

Cheaper insurance can be found both online and also from your neighborhood agents, so you should compare both to have the best rate selection. Some insurance companies may not provide the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

As you restructure your insurance plan, don’t be tempted to reduce needed coverages to save money. In many instances, an insured dropped liability limits or collision coverage and discovered at claim time that the few dollars in savings costed them thousands. Your aim should be to buy the best coverage you can find at the best price while not skimping on critical coverages.

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