Compare 2009 Hyundai Genesis Insurance Cost

Trying to find the cheapest auto insurance rates for your Hyundai Genesis? Searching for the cheapest insurance for a Hyundai Genesis could be an all-consuming task, but you can follow our auto insurance buying tips to find lower rates.

There is a right way and a wrong way to buy auto insurance so we’re going to tell you the best way to price shop coverage for your Hyundai and get the lowest price.

It’s a good habit to take a look at other company’s rates at least once a year because prices trend upward over time. Just because you found the lowest rates for Genesis insurance six months ago you will most likely find a better rate quote today. There is a lot of bad information regarding auto insurance online but in just a couple of minutes you can learn some tested techniques to find affordable auto insurance.

Verify you’re receiving every discount

Some insurers don’t always publicize the complete list of policy discounts in a way that’s easy to find, so the following list contains some of the best known and also the lesser-known discounts that you may qualify for.

  • Discounts for Responsible Drivers – Accident-free drivers may save up to 50% more for Genesis insurance than drivers with accident claims.
  • Organization Discounts – Participating in specific professional or occupational memberships or organizations could trigger savings on your bill.
  • Life Insurance – Insurance carriers who offer life insurance give a small discount if you purchase some life insurance too.
  • Driver Education Discount – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if offered at their school.
  • Paperwork-free – Many auto insurance companies may give you up to $50 for buying your policy on the web.
  • Auto/Home Discount – When you have multiple policies with the same company you may save as much as 10 to 15 percent.
  • Passive Restraints and Air Bags – Factory options such as air bags can get savings up to 30%.
  • No Charge for an Accident – This one isn’t a discount, but a few companies such as Progressive, Allstate, and Geico will allow you to have one accident without raising rates if you have no claims for a set time period.
  • Own a Home – Owning a house can save a few bucks because of the fact that having a home is proof that your finances are in order.
  • Theft Deterent Discount – Vehicles that have factory anti-theft systems prevent vehicle theft and will qualify for a discount on a insurance quote.

As a sidenote, most discount credits are not given to the entire policy premium. The majority will only reduce specific coverage prices like comp or med pay. Despite the fact that it seems like having all the discounts means you get insurance for free, companies don’t profit that way.

Some companies that have these discounts possibly include:

When getting a coverage quote, ask each company or agent to give you their best rates. Some discounts may not apply in your area. To find insurers that offer many of these discounts, click here.

The Hyundai Genesis insurance rate equation

It’s important that you understand the different types of things that come into play when calculating your premiums. If you have a feel for what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could help you find much lower annual insurance costs.

The list below includes some of the items used by companies to determine your rate level.

  • Better credit means lower rates – Having a good credit rating can be a huge factor in determining what you pay for auto insurance. If your credit score is not that good, you could be paying less to insure your 2009 Hyundai Genesis if you improve your credit rating. People with very high credit ratings tend to be better risks to insure as compared to drivers with poor credit scores.
  • Careless drivers pay higher costs – Getting just one ticket can increase rates by twenty percent. Good drivers pay less for auto insurance as compared to careless drivers. Drivers unfortunate enough to have multiple citations such as DUI or reckless driving may find that they have to to file a SR-22 with their state motor vehicle department in order to prevent a license revocation.
  • Deter car thieves – Driving a car that has a built-in theft deterrent system can help lower your rates. Anti-theft devices like OnStar, LoJack tracking, and tamper alarms all help stop your car from being stolen.
  • Your address can impact price – Residing in small towns and rural areas is a positive aspect when buying auto insurance. Lower population translates into fewer accidents and lower theft and vandalism rates. Residents of big cities have to deal with more road rage incidents and more severe claims. More time commuting means higher likelihood of an accident.
  • Cars with good safety ratings save money – Cars with high safety ratings cost less to insure. Vehicles engineered for safety protect occupants better and reduced instances of injuries means lower claim amounts which can mean better rates for you.
  • Discounts for married drivers – Being married actually saves money on auto insurance. Having a significant other demonstrates that you tend to be less irresponsible and it’s statistically proven that being married results in fewer claims.
  • Extra coverages that may not be needed – Insurance companies have many additional extra coverages that you can buy on your Genesis policy. Add-on coverages like rental car coverage, accidental death, and Farm Bureau memberships are examples of these. These may sound like a good investment when talking to your agent, but your needs may have changed so remove them from your policy.

When should I discuss my situation with an agent?

When buying adequate coverage for your personal vehicles, there really is no “best” method to buy coverage. Everyone’s situation is a little different.

For example, these questions could help you determine if your insurance needs will benefit from professional help.

  • How do I insure my teen driver?
  • Can my babysitter drive my car?
  • What are the financial responsibility laws in my state?
  • Do I need added coverage for expensive stereo equipment?
  • When should I drop full coverage on my 2009 Hyundai Genesis?
  • When would I need additional glass coverage?
  • Am I covered if I hit my neighbor’s mailbox?
  • Can my teen drive my company car?

If you can’t answer these questions, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and can help protect your family.

Specific coverage details

Understanding the coverages of your car insurance policy helps when choosing the best coverages and proper limits and deductibles. Car insurance terms can be ambiguous and even agents have difficulty translating policy wording.

Auto liability insurance – Liability coverage protects you from damages or injuries you inflict on other people or property that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for things like loss of income, legal defense fees, structural damage, bail bonds and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Collision – Collision coverage will pay to fix damage to your Genesis caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things like damaging your car on a curb, driving through your garage door, hitting a parking meter, colliding with another moving vehicle and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage pay for bills for X-ray expenses, nursing services and funeral costs. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Hyundai Genesis.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these limits do not exceed the liability coverage limits.

Comprehensive insurance – This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like hitting a bird, rock chips in glass, damage from flooding, damage from getting keyed and hitting a deer. The highest amount 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 not worth carrying full coverage.

Affordable insurance is out there

You just read a lot of ways to compare 2009 Hyundai Genesis insurance car insurance rates online. It’s most important to understand that the more companies you get premium rates for, the better chance you’ll have of finding cheaper insurance. You may even find the best car insurance rates are with an unexpected company.

While you’re price shopping online, it’s not a good idea to skimp on coverage in order to save money. There are a lot of situations where someone sacrificed full coverage and discovered at claim time that the small savings ended up costing them much more. The aim is to get the best coverage possible at the best possible price, but do not skimp to save money.

Consumers switch companies for many reasons like an unsatisfactory settlement offer, unfair underwriting practices, extreme rates for teen drivers or high rates after DUI convictions. Regardless of your reason for switching companies, finding a new company can be easier than you think.

More detailed insurance coverage information is available by following these links: