The best way we recommend to save money on Hyundai Sonata insurance in Indianapolis is to do a yearly price comparison from insurance carriers in Indiana. Price quotes can be compared by following these guidelines.
- Step 1: Spend some time learning about what is in your policy and the changes you can make to prevent expensive coverage. Many risk factors that drive up the price like accidents, traffic violations, and poor credit rating can be controlled by making minor changes to your lifestyle. Read the full article for the details to get lower rates and get additional discounts.
- Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from one company like GEICO and Allstate, while agents who are independent can provide rate quotes for a wide range of insurance providers. Begin your rate comparison
- Step 3: Compare the new rates to your current policy premium and determine if there is any savings. If you find better rates and change companies, ensure there is no coverage lapse between policies.
- Step 4: Notify your company or agent of your decision to cancel your current policy and submit a down payment and signed policy application to your new agent or company. As soon as coverage is bound, put the certificate verifying proof of insurance in your vehicle.
One bit of advice is to try to compare similar limits and deductibles on each quote request and and to get rates from as many different companies as possible. This provides a level playing field and a complete price analysis.
It’s hard to fathom, but the vast majority of Indiana car insurance customers have purchased from the same company for over three years, and roughly 40% of drivers have never compared quotes from other companies. Many consumers in America can cut their rates by $850 a year just by shopping around, but they just assume it’s a time-consuming process to compare rates.
If you have insurance now or just want to save money, you can learn to shop for the lowest rates and still get good coverage. Locating the best rates in Indianapolis is quite easy. Smart shoppers only have to learn the proper way to get comparison quotes over the internet.
The quickest method to compare rates for Hyundai Sonata insurance in Indianapolis is to realize most insurance companies actually pay money for the chance to compare rate quotes. To get started, all you need to do is spend a couple of minutes providing details such as types of safety features, whether you are married, coverage limits, and if you have a valid license. The rating information gets transmitted to insurance companies and they respond with quotes instantly.
To start a rate quote now, click here and enter your zip code.
The providers in the list below offer quotes in Indianapolis, IN. If multiple providers are shown, we recommend you get prices from several of them to get the best price comparison.
Get cheaper Hyundai Sonata insurance rates in Indianapolis
Auto insurance is neither fun to buy or cheap, but you may qualify for discounts that you may not know about. Certain reductions will be credited when you complete an application, but some need to be requested specifically before they will apply.
- Employee of Federal Government – Having worked for a branch of the government could cut as much as 10% off with select insurance companies.
- Service Members Pay Less – Having a deployed family member may qualify for rate reductions.
- Accident Waiver – This isn’t a discount exactly, but certain companies allow you one accident before raising your premiums so long as you haven’t had any claims for a certain period of time.
- Distant College Student Discount – Any of your kids who are enrolled in a college that is more than 100 miles from Indianapolis and leave their car at home can receive lower rates.
- Sign Early and Save – Some insurance companies give discounts for buying a policy prior to your current Sonata insurance policy expiration. You may see this discount when you get Indianapolis car insurance quotes online.
- Senior Citizen Discount – Seniors may qualify for lower premium rates.
- Bundled Policy Discount – When you combine your auto and homeowners insurance and place coverage with the same company you could earn a discount of up to 20% off your total Sonata insurance premium.
- Home Ownership Discount – Owning a house in Indianapolis may earn you a small savings because it shows financial diligence.
As a disclaimer on discounts, most credits do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. Despite the appearance that adding up those discounts means a free policy, you won’t be that lucky. But any discount should help reduce the premium cost.
The diagram below illustrates the comparison of Hyundai Sonata insurance premiums with and without some available policy discounts. The costs are based on a male driver, a clean driving record, no claims, Indiana state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, homeowner, marriage, safe-driver, and claim-free discounts applied.
Some of the larger companies that may offer most of these discounts are:
It’s a good idea to ask each insurance company what discounts are available to you. Some of the earlier mentioned discounts may not apply to policies in your area. For a list of companies that offer multiple discounts in Indiana, follow this link.
Statistics and details
The table shown next highlights different insurance rates for Hyundai Sonata models. Understanding how car insurance premiums are determined can aid in making smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $186 | $358 | $358 | $22 | $108 | $1,032 | $86 |
| Sonata GLS 4-Dr Sedan | $186 | $358 | $358 | $22 | $108 | $1,032 | $86 |
| Sonata GLS 4-Dr Sedan | $186 | $358 | $358 | $22 | $108 | $1,032 | $86 |
| Sonata SE 4-Dr Sedan | $186 | $422 | $358 | $22 | $108 | $1,096 | $91 |
| Sonata SE 4-Dr Sedan | $186 | $422 | $358 | $22 | $108 | $1,096 | $91 |
| Sonata Limited 4-Dr Sedan | $210 | $422 | $358 | $22 | $108 | $1,120 | $93 |
| Sonata Limited 4-Dr Sedan | $210 | $422 | $358 | $22 | $108 | $1,120 | $93 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Premium costs do not factor in specific Indianapolis garaging location which can revise auto insurance rates greatly.
Where to set your deductibles
The hardest decision when buying coverage is how high should the deductibles for physical damage be. The tables below illustrate the differences in premium rates of buying low and high coverage deductibles. The first set of rates uses a $100 physical damage deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $242 | $436 | $318 | $18 | $94 | $1,133 | $94 |
| Sonata GLS 4-Dr Sedan | $242 | $436 | $318 | $18 | $94 | $1,133 | $94 |
| Sonata GLS 4-Dr Sedan | $242 | $436 | $318 | $18 | $94 | $1,133 | $94 |
| Sonata SE 4-Dr Sedan | $242 | $514 | $318 | $18 | $94 | $1,211 | $101 |
| Sonata SE 4-Dr Sedan | $242 | $514 | $318 | $18 | $94 | $1,211 | $101 |
| Sonata Limited 4-Dr Sedan | $272 | $514 | $318 | $18 | $94 | $1,241 | $103 |
| Sonata Limited 4-Dr Sedan | $272 | $514 | $318 | $18 | $94 | $1,241 | $103 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $176 | $294 | $318 | $18 | $94 | $900 | $75 |
| Sonata GLS 4-Dr Sedan | $176 | $294 | $318 | $18 | $94 | $900 | $75 |
| Sonata GLS 4-Dr Sedan | $176 | $294 | $318 | $18 | $94 | $900 | $75 |
| Sonata SE 4-Dr Sedan | $176 | $348 | $318 | $18 | $94 | $954 | $80 |
| Sonata SE 4-Dr Sedan | $176 | $348 | $318 | $18 | $94 | $954 | $80 |
| Sonata Limited 4-Dr Sedan | $200 | $348 | $318 | $18 | $94 | $978 | $82 |
| Sonata Limited 4-Dr Sedan | $200 | $348 | $318 | $18 | $94 | $978 | $82 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Table data does not factor in specific Indianapolis garaging location which can impact auto insurance rates significantly.
Based on these figures, using a $100 deductible costs an average of $21 more each month or $252 for a full year than selecting the higher $500 deductible. Due to the fact that you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you average at least 19 months between claims, you would save money by selecting a higher deductible.
How to determine if higher deductibles are a good idea
| Average monthly premium for $100 deductibles: | $99 |
| Average monthly premium for $500 deductibles (subtract): | – $78 |
| Monthly savings from raising deductible: | $21 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $21 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
The example below highlights how deductible choice and can increase or decrease Hyundai Sonata insurance prices for each different age category. The premiums assume a married female driver, full coverage, and no discounts are factored in.
Age, gender, and Hyundai Sonata insurance
The illustration below illustrates the difference between Hyundai Sonata insurance costs for male and female drivers. The information is based on a clean driving record, no claims, comp and collision included, $250 deductibles, marital status is single, and no discounts are applied.
Cost of full coverage
The chart below illustrates the comparison of Hyundai Sonata car insurance rates with and without full coverage. The information is based on no accidents, no driving violations, $500 deductibles, marital status is single, and no additional discounts are factored in.
When to eliminate full coverage
There is no specific rule of when to drop physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Hyundai Sonata replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $4,000 after paying your deductible. If you are paying over $400 a year to have full coverage, then it’s probably a good time to buy liability coverage only.
There are some scenarios where eliminating full coverage is not a good idea. If you still have a lienholder on your title, you have to maintain full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
Buying insurance from Indianapolis insurance agencies
A lot of people just want to buy from a licensed agent and that is not a bad decision Most agents are trained to spot inefficiencies and help you file claims. The biggest benefit of comparing rates online is you can get cheaper premium rates and still choose a local agent.
Upon completion of this form (opens in new window), the quote information is emailed to local insurance agents in Indianapolis who will give you quotes for your coverage. There is no reason to contact any insurance agencies because prices are sent straight to your inbox. If you want to get a rate quote from a particular provider, you can always navigate to their website and fill out the quote form the provide.
Choosing the best company shouldn’t rely on just a low price. Here are some questions you might want to ask.
- Do the agents have professional certifications like CPCU or CIC?
- Is the agency active in community causes in Indianapolis?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- How much training do they have in personal risk management?
- Will your rates increase after a single accident?
- When do they do policy reviews?
The different types of car insurance agents
If you would like to find a local Indianapolis insurance agent, it helps to know the two different agency structures and how they can service your needs differently. Insurance agencies in Indianapolis are classified as either independent agents or exclusive agents depending on their employer. Both can insure your vehicles properly, but it’s worth mentioning why they differ because it may have an impact on which agent you choose.
Exclusive Insurance Agents
Agents that choose to be exclusive can only provide pricing for a single company and some examples include Allstate, Farmers Insurance, State Farm, and AAA. These agents are unable to give you multiple price quotes so keep that in mind. Exclusive insurance agents are trained well in insurance sales and that enables them to sell even at higher rates.
The following are exclusive agents in Indianapolis who can help you get price quote information.
State Farm: Amy Henry
7035 E 96th St Suite S-2 – Indianapolis, IN 46250 – (317) 897-1900 – View Map
Frances Johnson – State Farm Insurance Agent
5707 N Michigan Rd – Indianapolis, IN 46228 – (317) 257-3504 – View Map
Bill Hill – State Farm Insurance Agent
7423 E 82nd St – Indianapolis, IN 46256 – (317) 849-4119 – View Map
Independent Agencies or Brokers
These agents do not work for one specific company and that allows them to write policies with a variety of different insurance companies and find the cheapest rate. If they find a lower price, the business is moved internally which requires no work on your part. If you need cheaper insurance rates, it’s a good idea to compare quotes from a few independent agents for the best price selection.
Below is a short list of independent agencies in Indianapolis willing to provide comparison quotes.
Shepherd Insurance and Financial Services
111 Congressional Blvd Suite 100 – Carmel, IN 46032 – (317) 846-5554 – View Map
Walker and Associates Insurance
360 Gradle Dr – Carmel, IN 46032 – (317) 848-4400 – View Map
Multiline Insurance Agency
9801 Fall Creek Rd #156 – Indianapolis, IN 46256 – (317) 476-6141 – View Map
Upon getting reasonable responses to your questions and affordable Hyundai Sonata insurance rates in Indianapolis quotes, you may have just found a car insurance agent that can be relied on to service your policy. Just remember you are able to cancel your coverage when you choose so don’t assume that you are permanently stuck with any specific agency indefinitely.
Specific coverages for a Hyundai Sonata
Having a good grasp of your car insurance policy can help you determine the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are the normal coverages found on most car insurance policies.
Liability car insurance
This protects you from injuries or damage you cause to a person or their property. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/10 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $10,000 of coverage for damaged property.
Liability coverage protects against claims such as medical services, structural damage and repair costs for stationary objects. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible. Indiana state law requires minimum liability limits of 25/50/10 but it’s recommended drivers buy higher limits.
The next chart shows why buying minimum limits may not provide you with enough coverage.
Collision protection
Collision coverage pays for damage to your Sonata resulting from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.
Collision insurance covers things like rolling your car, sideswiping another vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to bump up the deductible on your Sonata in order to get cheaper collision rates.
Uninsured Motorist or Underinsured Motorist insurance
This gives you protection from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Hyundai Sonata.
Since a lot of drivers carry very low liability coverage limits (25/50/10), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.
Comprehensive coverage (or Other than Collision)
This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as falling objects, hitting a bird, rock chips in glass and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Insurance for medical payments
Coverage for medical payments and/or PIP provide coverage for expenses for rehabilitation expenses, chiropractic care and ambulance fees. They are often used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Cover all your bases
Discount Hyundai Sonata insurance in Indianapolis is definitely available online as well as from insurance agents, and you should be comparing both to have the best rate selection. Some companies do not offer internet price quotes and many times these small insurance companies work with local independent agents.
As you go through the steps to switch your coverage, never skimp on critical coverages to save a buck or two. In too many instances, consumers will sacrifice liability limits or collision coverage only to discover later that it was a big mistake. The goal is to buy a smart amount of coverage for the lowest cost, but don’t skip important coverages to save money.
More detailed auto insurance information can be found at these sites:
- Credit Impacts Car Insurance Rates (State Farm)
- Who Has Cheap Indianapolis Auto Insurance Quotes for Hybrid Vehicles? (FAQ)
- Who Has Affordable Indianapolis Car Insurance Quotes for a GMC Sierra? (FAQ)
- Who Has Affordable Auto Insurance Rates for Used Cars in Indianapolis? (FAQ)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)