Best Hyundai Santa Fe Insurance in Lincoln

Discount Hyundai Santa Fe insuranceTruthfully, the best way to get affordable Hyundai Santa Fe insurance is to compare prices annually from insurance carriers in Lincoln. Rates can be compared by following these guidelines.

A tip to remember is to compare the same liability limits and deductibles on every quote request and and to get rates from every insurance company. This helps ensure the most accurate price comparison and and a good selection of different prices.

It’s easy to assume that auto insurance companies don’t want you quoting rates from other companies. Consumers who get price comparisons will, in all likelihood, buy a different policy because they have good chances of finding a policy with more affordable rates. A recent auto insurance study revealed that people who regularly compared price quotes saved an average of $865 a year as compared to drivers who never compared rates.

If saving money on insurance is your target objective, then understanding the best ways to shop for cheaper coverage can make it easier to find better rates.

Insurance coverage analysis

The rate information displayed next highlights different coverage costs for Hyundai Santa Fe models. Being able to understand how rates are formulated can be valuable when making smart choices when buying a car insurance policy.

Hyundai Santa Fe Insurance Rates in Lincoln, NE
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $250 $574 $404 $24 $122 $1,374 $115
Santa Fe GLS 4WD $286 $574 $404 $24 $122 $1,410 $118
Santa Fe SE 2WD $286 $574 $404 $24 $122 $1,410 $118
Santa Fe Limited 2WD $286 $676 $404 $24 $122 $1,512 $126
Santa Fe SE 4WD $286 $676 $404 $24 $122 $1,512 $126
Santa Fe Limited 4WD $324 $676 $404 $24 $122 $1,550 $129
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Rate information does not factor in vehicle garaging location which can lower or raise insurance rates substantially.

Policy deductibles

A question often asked by Lincoln drivers is how high should the physical damage coverage deductibles be. The comparison tables below can help illustrate the premium difference when you buy lower versus higher insurance deductibles. The first rate estimation uses a $250 deductible and the second data table uses a $500 deductible.

Hyundai Santa Fe insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $202 $390 $300 $18 $90 $1,025 $85
Santa Fe GLS 4WD $232 $390 $300 $18 $90 $1,055 $88
Santa Fe SE 2WD $232 $390 $300 $18 $90 $1,055 $88
Santa Fe Limited 2WD $232 $460 $300 $18 $90 $1,125 $94
Santa Fe SE 4WD $232 $460 $300 $18 $90 $1,125 $94
Santa Fe Limited 4WD $262 $460 $300 $18 $90 $1,155 $96
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Hyundai Santa Fe insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $164 $314 $300 $18 $90 $886 $74
Santa Fe GLS 4WD $188 $314 $300 $18 $90 $910 $76
Santa Fe SE 2WD $188 $314 $300 $18 $90 $910 $76
Santa Fe Limited 2WD $188 $370 $300 $18 $90 $966 $81
Santa Fe SE 4WD $188 $370 $300 $18 $90 $966 $81
Santa Fe Limited 4WD $212 $370 $300 $18 $90 $990 $83
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Rate information does not factor in specific garaging location which can lower or raise premiums noticeably.

Based on the figures above, using a $250 deductible would cost the average driver about $12 more each month or $144 a year averaged for all Santa Fe models than choosing the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you go at a minimum 21 months between claim filings, you would more than likely save some money if you elect the higher deductible. The numbers below show how this determination is made.

Average monthly premium for $250 deductibles: $91
Average monthly premium for $500 deductibles (subtract): – $79
Monthly savings from raising deductible: $12
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $12
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One important caveat is that a higher deductible level means you will have to pay more of your own money when you do file a claim. It will be required that you have some savings in the event you need to pay the higher deductible.

Cost comparison with and without full coverage

The chart below visualizes the comparison of Hyundai Santa Fe insurance costs with full coverage and liability only. The costs are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are factored in.

When to drop full coverage

There is no clear-cut rule for excluding comp and collision coverage, but there is a general convention. If the annual cost of having full coverage is more than around 10% 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 pretend your Hyundai Santa Fe book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $3,000 after you pay the deductible. If you are paying over $300 annually to have full coverage, then it might be time to consider dropping full coverage.

There are some situations where dropping full coverage is not a good plan. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not opt for liability only.

Quote Hyundai Santa Fe Insurance at a Discount

Part of the car insurance buying process is learning the different types of things that play a part in calculating your premiums. If you know what positively or negatively impacts your premiums, this empowers consumers to make smart changes that will entitle you to lower car insurance prices. Multiple criteria are part of the calculation when you quote your car insurance policy. Some are pretty understandable such as your driving history, although some other factors are not as apparent like your continuous coverage or your commute time.

The itemized list below are just a few of the factors car insurance companies consider when setting your rate level.

Multi-policy discounts can save money – Most larger companies will give better rates to insureds who carry more than one policy such as combining an auto and homeowners policy. Discounts can be anywhere from five to ten percent in most cases. Even with this discount applied, you may still want to comparison shop to verify if the discount is saving money.

Lower car insurance rates with alarm systems – Choosing to buy a car with advanced anti-theft systems can get you a discount on your car insurance. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop car theft.

Getting married can lower premiums – Having a wife or husband may earn you lower rates on car insurance. Marriage means you’re more mature and it’s proven that being married results in fewer claims.

Liability is critical – The liability coverage on your policy will afford coverage in the event that you are responsible for causing damage or personal injury in an accident. This coverage provides legal defense which can cost a lot. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so drivers should carry high limits.

Insurance loss data for a Hyundai Santa Fe – Insurance companies use historical loss data when setting rates for each model. Vehicles that the statistics show to have a trend towards higher claims will have a higher premium rate.

The table below demonstrates the historical loss data for Hyundai Santa Fe vehicles. For each insurance policy coverage type, the loss probability for all vehicles as a whole is a value of 100. Numbers below 100 represent a good loss history, while values that are above 100 point to more frequent losses or an increased likelihood of larger losses.

Insurance Loss Ratings for Hyundai Santa Fe Vehicles
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Santa Fe 4dr 2WD 91 94 82 86 92 91
Hyundai Santa Fe 4dr 4WD 109 115 97 96 84 94
Hyundai Santa Fe Sport 4dr 2WD 88 90 93 90 89 93
Hyundai Santa Fe Sport 4dr 4WD 95 91 110 90 96 84

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lincoln auto insurance company ratings

Buying coverage from the top insurance provider can be rather challenging considering how many companies sell coverage in Lincoln. The company rank data below could help you decide which companies to look at purchasing a policy from.

Top 10 Lincoln Car Insurance Companies by A.M. Best Rank

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Nationwide – A+
  6. Esurance – A+
  7. The Hartford – A+
  8. Progressive – A+
  9. Allstate – A+
  10. The General – A-

Top 10 Lincoln Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. Travelers
  3. Liberty Mutual
  4. Nationwide
  5. USAA
  6. AAA Insurance
  7. Safeco Insurance
  8. GEICO
  9. Esurance
  10. The General

Quote more to save more

You just read a lot of information how to find affordable Hyundai Santa Fe insurance in Lincoln. The key thing to remember is the more times you quote, the more likely it is that you will get a better rate. Consumers could even find that the lowest priced insurance comes from some of the lesser-known companies. They may often insure only within specific states and give better rates than the large multi-state companies such as State Farm and Allstate.

When trying to cut insurance costs, don’t be tempted to reduce coverage to reduce premium. Too many times, someone dropped collision coverage only to regret at claim time that the small savings ended up costing them much more. The aim is to buy enough coverage at the best price, not the least amount of coverage.

Additional insurance information can be read on the following sites: