Cheapest Hyundai Sonata Insurance in Lincoln

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Insurance quote for Hyundai Sonata in LincolnAre you looking for more affordable Hyundai Sonata insurance in Lincoln? Car insurance shoppers not familiar with comparing rates online will find buying cheap Sonata insurance is more work than they anticipated.

Steps to finding affordable Hyundai Sonata insurance in Lincoln

If you want to find the absolute lowest rates, then the best way to find the cheapest price for auto insurance rates in Lincoln is to regularly compare prices from providers in Nebraska. Drivers can shop around by following these steps.

Step 1: Take a few minutes and learn about auto insurance and the things you can change to drop your rates. Many factors that drive up the price like distracted driving and an imperfect credit history can be amended by making minor changes to your lifestyle. Later in this article we will cover additional tips to keep prices down and get discounts that may be overlooked.

Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from one company like GEICO or State Farm, while independent agencies can provide rate quotes from multiple sources.

Step 3: Compare the new rate quotes to your existing policy to see if cheaper Sonata coverage is available in Lincoln. If you find a better price and make a switch, ensure coverage does not lapse between policies.

A tip to remember is to make sure you're comparing the same coverage limits and deductibles on each quote request and and to compare as many car insurance companies as possible. Doing this ensures the most accurate price comparison and the best price selection.

It's amazing but over 70% of drivers renewed their policy with the same company for over three years, and roughly 40% of drivers have never quoted rates to find affordable coverage. Lincoln consumers could cut their rates by almost 30% a year just by comparing rates, but they think it's difficult to compare other rate quotes.

It's important to price shop coverage occasionally due to the fact that insurance rates are adjusted regularly by insurance companies. If you had the lowest rate on Hyundai Sonata insurance in Lincoln six months ago you can probably find a lower rate today. Block out anything you think you know about auto insurance because it's time to teach you the quickest way to find better rates and still maintain coverage.

If you are insured now, you will most likely be able to save money using the techniques covered below. These techniques will help you learn how car insurance works and some tips to save money. But Nebraska car owners should learn the way insurance companies compete online because it can help you find the best coverage.

When quoting insurance, remember that comparing more quotes helps locate more affordable insurance. Not every company provides Lincoln Sonata insurance quotes over the internet, so you also need to get quotes from those companies as well.

The auto insurance companies shown below can provide free quotes in Lincoln, NE. If you want to find cheaper auto insurance in NE, it's a good idea that you click on several of them to get the best price comparison.

Hyundai Sonata insurance statistics and information

The rate information shown below showcases different prices for Hyundai Sonata models. Being more informed about how car insurance premiums are calculated can be valuable when making decisions on which coverage to buy.

Hyundai Sonata Insurance Rates in Lincoln, NE
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $214 $314 $444 $26 $132 $1,130 $94
Sonata GLS 4-Dr Sedan $214 $314 $444 $26 $132 $1,130 $94
Sonata GLS 4-Dr Sedan $214 $314 $444 $26 $132 $1,130 $94
Sonata SE 4-Dr Sedan $214 $370 $444 $26 $132 $1,186 $99
Sonata SE 4-Dr Sedan $214 $370 $444 $26 $132 $1,186 $99
Sonata Limited 4-Dr Sedan $242 $370 $444 $26 $132 $1,214 $101
Sonata Limited 4-Dr Sedan $242 $370 $444 $26 $132 $1,214 $101
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Premium amounts do not factor in vehicle garaging location which can raise or lower prices noticeably.

Higher deductibles save money

One of the most common auto insurance questions is how high or low should comp and collision deductibles be. The rates shown below illustrate the costs and benefits when you select higher and lower comp and collision deductibles. The first table uses a $100 deductible for comprehensive and collision coverage and the second pricing table uses a $1,000 deductible.

Hyundai Sonata insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $258 $466 $338 $20 $102 $1,209 $101
Sonata GLS 4-Dr Sedan $258 $466 $338 $20 $102 $1,209 $101
Sonata GLS 4-Dr Sedan $258 $466 $338 $20 $102 $1,209 $101
Sonata SE 4-Dr Sedan $258 $548 $338 $20 $102 $1,291 $108
Sonata SE 4-Dr Sedan $258 $548 $338 $20 $102 $1,291 $108
Sonata Limited 4-Dr Sedan $292 $548 $338 $20 $102 $1,325 $110
Sonata Limited 4-Dr Sedan $292 $548 $338 $20 $102 $1,325 $110
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Hyundai Sonata insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $144 $246 $338 $20 $102 $850 $71
Sonata GLS 4-Dr Sedan $144 $246 $338 $20 $102 $850 $71
Sonata GLS 4-Dr Sedan $144 $246 $338 $20 $102 $850 $71
Sonata SE 4-Dr Sedan $144 $290 $338 $20 $102 $894 $75
Sonata SE 4-Dr Sedan $144 $290 $338 $20 $102 $894 $75
Sonata Limited 4-Dr Sedan $162 $290 $338 $20 $102 $912 $76
Sonata Limited 4-Dr Sedan $162 $290 $338 $20 $102 $912 $76
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Premium costs do not factor in specific Lincoln garaging location which can revise premiums greatly.

Using the premium rates above, we can conclude that using a $100 deductible would cost the average driver about $32 more each month or $384 annually averaged for all Sonata models than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at least 28 months between claim filings, you would more than likely save some money if you choose a higher deductible. Here's how you can make your own decision.

Average monthly premium for $100 deductibles: $106
Average monthly premium for $1,000 deductibles (subtract): - $74
Monthly savings from raising deductible: $32
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $32
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 28 months

One big caveat is that raising deductibles means you will have to cover more of the damage yourself when you have a comprehensive or collision claim. You need some available funds in order to pay more to get your vehicle repaired.

The chart below demonstrates how deductible levels and can impact Hyundai Sonata premium costs for different age groups of insureds. The rates are based on a single male driver, comp and collision included, and no discounts are taken into consideration.

Hyundai Sonata insurance costs by gender and age

The diagram below illustrates the comparison of Hyundai Sonata car insurance rates for male and female drivers. The rates are based on no tickets, no at-fault accidents, comp and collision included, $100 deductibles, drivers are not married, and no additional discounts are factored in.

Hyundai Sonata liability rates compared to full coverage

The chart below visualizes the comparison of Hyundai Sonata insurance costs with full coverage and liability only. The premiums are based on no claims or driving citations, $1,000 deductibles, marital status is single, and no discounts are applied.

Should you pay for full coverage or liability only?

There is no exact formula of when to stop paying for full coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of the vehicle's replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let's say your Hyundai Sonata settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $8,000 after paying the physical damage deductible. If you are paying over $800 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some circumstances where buying only liability insurance is not advised. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.

Save money with discounts

Some insurance providers don't list all their discounts in a way that's easy to find, so below is a list a few of the more well known and also the lesser-known credits that may apply to you.Discount car insurance

  • Onboard Data Collection - Drivers who elect to allow driving data submission to scrutinize driving manner by using a small device installed in their vehicle such as In-Drive from State Farm or Allstate's Drivewise system could see a rate decrease as long as the data is positive.
  • Safety Restraint Discount - Forcing all vehicle occupants to use their safety belts could cut 10% or more off the personal injury premium cost.
  • Accident Forgiveness - Not a discount per se, but companies like Progressive, Allstate, and GEICO will allow you to have one accident before raising your premiums with the catch being you have to be claim-free before the accident.
  • Bundled Policy Discount - If you combine your auto and home policies and insure them both with the same insurance company you may save over 10 percent off each policy depending on the company.
  • Braking Control Discount - Anti-lock brake equipped vehicles are much safer to drive and qualify for as much as a 10% discount.

Don't be shocked that many deductions do not apply to all coverage premiums. Most only cut the cost of specific coverages such as comp or med pay. So despite the fact that it appears you can get free auto insurance, companies wouldn't make money that way.

The example below compares Hyundai Sonata auto insurance rates with and without some available policy discounts. The premium estimates are based on a female driver, no violations or claims, Nebraska state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, claim-free, multi-car, multi-policy, and homeowner discounts applied.

Companies and the discounts they provide are detailed below.

  • Mercury Insurance offers discounts including low natural disaster claims, annual mileage, professional/association, location of vehicle, multi-car, anti-theft, and good driver.
  • Farmers Insurance offers premium reductions for electronic funds transfer, good student, youthful driver, distant student, business and professional, alternative fuel, and early shopping.
  • Farm Bureau policyholders can earn discounts including youthful driver, multi-policy, 55 and retired, multi-vehicle, and safe driver.
  • State Farm has discounts for multiple autos, accident-free, anti-theft, safe vehicle, Steer Clear safe driver discount, multiple policy, and good student.
  • Allstate may offer discounts for premier discount, resident student, 55 and retired, multi-policy, senior citizen, anti-theft, and good student.
  • GEICO offers discounts for emergency military deployment, anti-theft, military active duty, five-year accident-free, defensive driver, federal employee, and driver training.

When quoting, ask every prospective company how you can save money. Depending on the company, some discounts may not apply to policyholders in your area. If you would like to view insurance companies that offer discounts in Nebraska, click here.

Car insurance is not optional in Nebraska

Despite the fact that car insurance is not cheap in Lincoln, car insurance may be mandatory for several reasons.

  • The majority of states have minimum liability requirements which means the state requires specific limits of liability insurance in order to license the vehicle. In Nebraska these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you bought your Hyundai with a loan, more than likely the lender will force you to buy insurance to protect their interest in the vehicle. If the policy lapses, the lender will be forced to insure your Hyundai at a much higher rate and make you pay much more than you were paying before.
  • Insurance protects your vehicle and your assets. It will also cover medical bills for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If you have damage to your Hyundai as the result of the weather or an accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of having car insurance are definitely more than the cost, especially for larger claims. But the average driver in Nebraska overpays as much as $700 annually so you should quote your policy with other companies once a year at a minimum to help ensure money is not being wasted.

When should I discuss my situation with an agent?

Always remember that when buying insurance from an agent or online, there isn't really a single plan that fits everyone. Your needs are unique to you and your auto insurance should be unique as well.Higher deductibles save money These are some specific questions may help you determine whether you will benefit from professional help.

  • Am I getting all the discounts available?
  • Are rock chip repairs covered?
  • Does my policy cover my teen driver if they drive my company car?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Do I need added coverage for expensive stereo equipment?
  • Can I rent a car in Mexico?
  • Who does medical payments coverage extend to?

If you're not sure about those questions but a few of them apply then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

Can't I get rate quotes from local Lincoln auto insurance agents?

A lot of people just want to talk to a local agent and that is just fine! An additional benefit of getting online price quotes is that you can obtain cheap rate quotes but also keep your business local.

After completing this quick form, the coverage information is emailed to local insurance agents in Lincoln who will give competitive quotes and help you find cheaper coverage. There is no need to contact any insurance agencies since rate quotes are delivered to you. You'll get the best rates and an insurance agent to talk to. If you want to compare rates for a specific company, just find their quoting web page and fill out their quote form.

Picking an company requires more thought than just the bottom line cost. Ask your prospective agent these questions:

  • If you raise deductibles, how much can you save?
  • How long has their agency been in business in Lincoln?
  • Can you use your own choice of collision repair facility?
  • Is the agency active in community causes in Lincoln?
  • Does the agency provide any after hours assistance?
  • Do they offer accident forgiveness?
  • Do they have designations such as AIC, CPCU, or CIC?

If you are searching for a reliable insurance agent, there are two different types of agencies and how they can write your policy. Agents are categorized either independent or exclusive.

Exclusive Car Insurance Agents

These type of agents work for only one company and examples are Allstate, State Farm and Farmers Insurance. Exclusive agents cannot place coverage with different providers so they really need to provide good service. They are well schooled on their products and sales techniques which can be an advantage. Some insured continue to buy from the same agent for years partially due to the prominence of the brand rather than having low rates.

Shown below are exclusive insurance agents in Lincoln that can give you comparison quotes.

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Independent Agencies or Brokers

These type of agents are not limited to a single company so they can quote policies through many companies and find the cheapest car insurance rates. To transfer your coverage to a different company, they simply switch companies in-house and you don't have to find a new agent. When comparison shopping, it's recommended you get rate quotes from multiple independent agents to maximize your price options. Many can place coverage with smaller companies which could offer lower prices.

Listed below is a list of independent agencies in Lincoln willing to provide rate quotes.

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