2014 Hyundai Genesis Car Insurance Cost – 8 Policy Discounts

Searching for cheaper car insurance rates for your Hyundai Genesis? Locating cheaper insurance for a Hyundai Genesis could be a painful process, but you can learn a few tricks and make it easy. There are both good and bad ways to find car insurance online so you’re going to learn the best way to quote coverages for a new or used Hyundai and obtain the lowest price either online or from local insurance agents.

You should take the time to compare prices yearly because rates are usually higher with each renewal. Even if you got the lowest price on Genesis insurance six months ago you may be paying too much now. There is too much inaccurate information about car insurance on the internet, so we’re going to give you some good information on how to quit paying high car insurance rates.

Do you qualify for a discount?

Companies don’t always advertise every available discount very well, so we break down both the well known as well as the least known discounts you could be receiving. If you don’t get every credit you deserve, you are paying more than you should be.

  • Good Students Pay Less – This discount can get you a discount of up to 25%. Earning this discount can benefit you until age 25.
  • Drive Safe and Save – Drivers who don’t get into accidents may save up to 50% more on Genesis insurance than drivers with accidents.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles are safer to drive and earn discounts up to 10%.
  • 55 and Retired – Older drivers may receive a discount up to 10% on Genesis insurance.
  • Driver Safety – Taking part in a course teaching defensive driving skills can save you 5% or more if your company offers it.
  • Theft Prevention Discount – Cars that have factory anti-theft systems help deter theft and will save you 10% or more.
  • Sign Early and Save – A few companies offer discounts for buying a policy prior to your current policy expiring. It can save you around 10%.
  • Use Seat Belts – Using a seat belt and requiring all passengers to buckle their seat belts can save 10% or more off your medical payments premium.

As a disclaimer on discounts, some of the credits will not apply the the whole policy. A few only apply to the cost of specific coverages such as collision or personal injury protection. So when the math indicates all those discounts means the company will pay you, you won’t be that lucky.

Insurance companies who might offer these benefits are:

Double check with every prospective company what discounts are available to you. Savings might not be offered in every state.

Beware of misleading insurance coverage ads

Consumers can’t ignore all the ads for cheaper car insurance from companies such as State Farm, Allstate and GEICO. All the companies say the same thing that you’ll save big after switching your policy.

How do they all claim to save you money? This is how they do it.

All the different companies have a certain “appetite” for the type of customer they prefer to insure. For example, a profitable customer could be over the age of 40, has no prior claims, and has a high credit rating. A driver that hits that “sweet spot” will get the preferred rates and as a result will probably pay quite a bit less when switching companies.

Consumers who do not match these standards will be charged a more expensive rate which leads to the driver buying from a lower-cost company. The ads say “customers that switch” not “people who quote” save that much. That is how insurance companies can confidently advertise the savings. That is why it’s extremely important to compare many company’s rates. It’s just too difficult to predict which insurance companies will give you the biggest savings on Hyundai Genesis insurance.

What coverages do I need?

When choosing proper insurance coverage for your personal vehicles, there is no perfect coverage plan. Everyone’s needs are different.

For example, these questions might help in determining if your insurance needs may require specific advice.

  • Will I be non-renewed for getting a DUI or other conviction?
  • Am I covered when using my vehicle for business?
  • Can I get a multi-policy discount?
  • How do I insure my teen driver?
  • How much liability do I need to cover my assets?
  • Am I getting all the discounts available?
  • Why do I only qualify for high-risk insurance?
  • Do I have any recourse if my insurance company denies a claim?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

What auto insurance coverages do you need?

Understanding the coverages of auto insurance helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.

Uninsured or underinsured coverage – This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as your vehicle’s damage.

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 should not be overlooked.

Collision – This covers damage to your Genesis caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as crashing into a building, colliding with another moving vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.

Liability – Liability coverage will cover damage that occurs to other people or property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against things like repair costs for stationary objects, legal defense fees and structural damage. How much coverage you buy is a decision to put some thought into, but consider buying as large an amount as possible.

Comprehensive protection – This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like fire damage, rock chips in glass, damage from a tornado or hurricane, theft and damage from flooding. The most you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical expense coverage – Coverage for medical payments and/or PIP kick in for expenses for hospital visits, EMT expenses, surgery and funeral costs. They are often used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Quote often and quote early

As you go through the steps to switch your coverage, it’s very important that you do not buy less coverage just to save a little money. There are a lot of situations where an accident victim reduced collision coverage only to regret that their decision to reduce coverage ended up costing them more. Your goal should be to buy the best coverage you can find for the lowest price.

Cheaper 2014 Hyundai Genesis insurance can be bought from both online companies as well as from independent agents, so you should be comparing quotes from both to have the best selection. Some car insurance companies don’t offer online quoting and most of the time these small, regional companies sell through independent agents.

We just presented a lot of ways to compare insurance prices online. The key thing to remember is the more price quotes you have, the better your comparison will be. You may even discover the most savings is with a small mutual company.

Much more information about car insurance is available at these links: