It’s safe to assume that auto insurance companies don’t want customers comparing rates. Drivers who shop for lower rates are likely to switch car insurance companies because they have good chances of finding coverage at a cheaper rate. A study showed that people who regularly compared price quotes saved as much as $72 a month compared to those who never shopped around.
If finding low prices for car insurance is your ultimate target, then knowing how to quote and compare coverages can make it easier for you to save money.
The recommended way to get more affordable car insurance rates in Buffalo is to compare quotes annually from providers who provide auto insurance in New York. Price quotes can be compared by completing these steps.
- Step 1: Read and learn about how insurance companies determine prices and the measures you can control to keep rates low. Many rating criteria that result in higher prices such as at-fault accidents and an imperfect credit rating can be remedied by making lifestyle changes or driving safer.
- Step 2: Obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like Progressive or State Farm, while independent agents can quote prices for a wide range of insurance providers.
- Step 3: Compare the quotes to your existing rates and see if there is a cheaper rate in Buffalo. If you can save some money and switch companies, verify that coverage does not lapse between policies.
A key point to remember is that you use similar deductibles and liability limits on each quote request and and to get price quotes from as many companies as feasibly possible. Doing this helps ensure an apples-to-apples comparison and a thorough selection of prices.
Auto insurance providers offering affordable rate quotes in New York
The following companies offer free rate quotes in Buffalo, NY. If multiple companies are listed, we recommend you visit several of them to get the cheapest price.
Analysis of Hyundai Genesis rates
The information displayed next outlines different insurance prices for Hyundai Genesis models. Learning more about how insurance policy premiums are formulated can benefit drivers when making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $226 | $538 | $400 | $24 | $120 | $1,308 | $109 |
| Genesis 3.8 4-Dr Sedan | $252 | $468 | $272 | $16 | $82 | $1,090 | $91 |
| Genesis 2.0T Premium 2-Dr Coupe | $252 | $538 | $400 | $24 | $120 | $1,334 | $111 |
| Genesis 3.8 2-Dr Coupe | $252 | $538 | $400 | $24 | $120 | $1,334 | $111 |
| Genesis 2.0T Track 2-Dr Coupe | $252 | $538 | $400 | $24 | $120 | $1,334 | $111 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $252 | $538 | $400 | $24 | $120 | $1,334 | $111 |
| Genesis 4.6 4-Dr Sedan | $252 | $538 | $272 | $16 | $82 | $1,160 | $97 |
| Genesis 3.8 Track 2-Dr Coupe | $252 | $608 | $400 | $24 | $120 | $1,404 | $117 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New York minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Rate information does not factor in zip code location which can lower or raise coverage rates considerably.
Can higher deductibles save money?
One of the most common insurance questions is how low should you set your deductibles. The comparison tables below sum up the differences in price when you choose different policy deductibles. The first set of rates uses a $250 deductible for comp and collision and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $230 | $468 | $330 | $20 | $100 | $1,173 | $98 |
| Genesis 3.8 4-Dr Sedan | $258 | $406 | $226 | $14 | $68 | $997 | $83 |
| Genesis 2.0T Premium 2-Dr Coupe | $258 | $468 | $330 | $20 | $100 | $1,201 | $100 |
| Genesis 3.8 2-Dr Coupe | $258 | $468 | $330 | $20 | $100 | $1,201 | $100 |
| Genesis 2.0T Track 2-Dr Coupe | $258 | $468 | $330 | $20 | $100 | $1,201 | $100 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $258 | $468 | $330 | $20 | $100 | $1,201 | $100 |
| Genesis 4.6 4-Dr Sedan | $258 | $468 | $226 | $14 | $68 | $1,059 | $88 |
| Genesis 3.8 Track 2-Dr Coupe | $258 | $528 | $330 | $20 | $100 | $1,261 | $105 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $188 | $378 | $330 | $20 | $100 | $1,016 | $85 |
| Genesis 3.8 4-Dr Sedan | $210 | $328 | $226 | $14 | $68 | $846 | $71 |
| Genesis 2.0T Premium 2-Dr Coupe | $210 | $378 | $330 | $20 | $100 | $1,038 | $87 |
| Genesis 3.8 2-Dr Coupe | $210 | $378 | $330 | $20 | $100 | $1,038 | $87 |
| Genesis 2.0T Track 2-Dr Coupe | $210 | $378 | $330 | $20 | $100 | $1,038 | $87 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $210 | $378 | $330 | $20 | $100 | $1,038 | $87 |
| Genesis 4.6 4-Dr Sedan | $210 | $378 | $226 | $14 | $68 | $896 | $75 |
| Genesis 3.8 Track 2-Dr Coupe | $210 | $426 | $330 | $20 | $100 | $1,086 | $91 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Table data does not factor in the specific area where the vehicle is garaged which can affect coverage rates noticeably.
Based on these figures, using a $250 deductible will cost you roughly $13 more each month or $156 annually averaged for all Genesis models than selecting the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you usually have at least 19 months between claims, you would more than likely save some money if you decide on a higher deductible.
Does full coverage make sense?
The diagram below shows the comparison of Hyundai Genesis auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no violations or accidents, $250 deductibles, drivers are single, and no discounts are applied.
Should you be buying full coverage?
There is no set rule to exclude physical damage coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Hyundai Genesis replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $8,000 after the policy deductible has been paid. If it’s costing you more than $800 a year for physical damage coverage, then you may want to consider only buying liability coverage.
There are some circumstances where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.
Do you qualify for discounts on Hyundai Genesis insurance in Buffalo?
Companies that sell car insurance don’t necessarily list every possible discount in an easy-to-find place, so the list below details a few of the more well known as well as some of the hidden credits available to bring down your rates.
- College Student – Any of your kids who are enrolled in a college that is more than 100 miles from Buffalo and leave their car at home may be able to be covered for less.
- E-sign Discounts – A few larger online companies provide a small discount for completing your application on their website.
- More Vehicles More Savings – Buying coverage for several vehicles on one policy can reduce rates for all insured vehicles.
- Senior Discount – Older drivers may qualify for a slight reduction on a Buffalo car insurance quote.
- Drivers Ed for Students – Have your child enroll in driver’s education if offered at their school.
- Fewer Miles Equal More Savings – Driving fewer miles may enable drivers to earn lower premium rates due to less chance of an accident.
As a footnote on discounts, most discounts do not apply to all coverage premiums. Most only cut specific coverage prices like comprehensive or collision. Even though the math looks like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business. Any amount of discount will lower the amount you have to pay.
The information below illustrates the comparison of Hyundai Genesis yearly insurance costs with and without discounts applied to the policy premium. The rates are based on a male driver, a clean driving record, no claims, New York state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-policy, marriage, multi-car, and claim-free discounts applied.
A list of car insurance companies and a summarized list of policyholder discounts are:
- State Farm offers discounts for safe vehicle, accident-free, anti-theft, student away at school, and multiple policy.
- Nationwide offers discounts including defensive driving, multi-policy, anti-theft, business or organization, accident-free, Farm Bureau membership, and easy pay.
- GEICO has savings for driver training, federal employee, five-year accident-free, daytime running lights, anti-lock brakes, and membership and employees.
- AAA may include discounts for AAA membership discount, multi-car, education and occupation, good driver, and good student.
- 21st Century offers premium reductions for 55 and older, anti-lock brakes, air bags, good student, homeowners, and automatic seat belts.
- The Hartford includes discounts for bundle, defensive driver, air bag, vehicle fuel type, anti-theft, good student, and driver training.
Before you buy a policy, ask all the companies to give you their best rates. Depending on the company, some discounts may not apply to policies in your state. To find car insurance companies that can offer you the previously mentioned discounts in New York, follow this link.
What Determines Hyundai Genesis Insurance Prices?
Multiple criteria are used in the calculation when quoting car insurance. Some factors are common sense like a motor vehicle report, but other criteria are more obscure such as whether you are married or how financially stable you are. When buying car insurance it’s important to understand the rating factors that go into determining car insurance rates. If you have some idea of what determines base rates, this enables you to make decisions that will entitle you to cheaper rates.
The items below are a few of the things car insurance companies consider when setting your rate level.
Buy a safe car and pay less – Vehicles with high crash test scores get lower rates. The safest vehicles help reduce the chance of injuries in an accident and lower rates of occupant injuries means less money paid by your insurance company and thus lower rates. If your Hyundai scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
Teen vs. older drivers – Older drivers are viewed as being more responsible, statistically cause fewer accidents, and are safer drivers. Drivers with little experience are statistically proven to be inattentive and easily distracted when at the wheel of a vehicle therefore car insurance rates are much higher.
The chart below uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.
Increase deductibles to save – The deductibles you choose are the amount of money you are required to spend out-of-pocket if you file a covered claim. Physical damage coverage, also called ‘full coverage’, insures against damage to your car. Some examples of claims that would be covered would be collision with another vehicle, fire damage, or theft of your vehicle. The larger the amount you are required to pay out-of-pocket, the less money you will pay for car insurance.
Annual miles is a factor – The higher the miles on your Hyundai every year the more you’ll pay to insure it. A lot of companies calculate rates based upon how much you drive. Cars and trucks that are left in the garage receive lower rates than vehicles that have high annual mileage. A policy that improperly rates your Genesis may be costing you higher rates. It’s a good idea to make sure your car insurance policy is showing the right rating data.
Know your credit score – Your credit score can be a huge factor in determining what you pay. Therefore, if your credit rating is lower than you’d like, you could be paying less to insure your Hyundai Genesis if you clean up your credit. Consumers who have good credit tend to file fewer claims than drivers with worse credit.
High performance equals high costs – The type of car, truck or SUV you need to insure makes a huge difference in your car insurance bill. The lowest base rates tend to be for lower cost passenger models, but many other things help determine your insurance rates.
The chart below is based on a single female driver age 30, full coverage with $250 deductibles, and no discounts or violations. The chart compares Hyundai Genesis car insurance rates compared to other models of vehicles that have a range of risk factors.
Car and home together may be cheaper – Some insurers will give discounts to customers who have multiple policies with them, otherwise known as a multi-policy discount. The discount can be anywhere from five to ten percent in most cases. If you currently are using one company, it’s always a smart idea to compare other company rates to ensure the best deal.
Men pay more for insurance coverage – The statistics show that females take fewer risks when driving. The data does not necessarily mean that women are better drivers. Males and females are in auto accidents in similar percentages, but the men tend to have higher claims. Men also statistically have more aggressive citations such as reckless driving.
The diagram below illustrates the comparison of Hyundai Genesis annual premium costs for male and female drivers. The premium estimates are based on no accidents, no driving violations, full physical damage coverage, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
Hyundai Genesis claim probability – Companies analyze historical claim data when determining insurance prices. Models that the data shows to have higher losses will cost more for specific coverages. The table shown below demonstrates the actual insurance loss data for Hyundai Genesis vehicles.
For each insurance policy coverage type, the loss probability for all vehicles, without regard to make or model, is represented as 100. Numbers shown that are under 100 imply a favorable loss record, while values over 100 point to more losses or larger claims.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Hyundai Genesis | 178 | 122 | 117 | 119 | 103 | 117 |
| Hyundai Genesis 4dr | 154 | 71 | 154 | 85 | 99 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Exclusive versus independent insurance agencies
Certain consumers just want to sit down and talk to an agent and often times that is recommended One of the great benefits of price shopping on the web is you may find cheap car insurance rates but also keep your business local.
To make it easy to find an agent, after completing this simple form, the quote information is immediately sent to local insurance agents in Buffalo who will give you bids for your coverage. There is no need to do any legwork due to the fact that quote results will go immediately to you. It’s the lowest rates and a licensed agent to talk to. If you want to get a rate quote from a specific insurance company, you can always search and find their rate quote page and complete a quote there.
Selecting an insurer should depend on more than just the bottom line cost. Any agent in Buffalo should be willing to answer these questions.
- Do they see any coverage gaps in your plan?
- If your car is totaled, how to they determine the replacement cost?
- Does their agency support local causes in Buffalo?
- Do they carry Errors and Omissions coverage?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
When researching a local insurance agency, it’s important to understand the types of insurance agents and how they differ in how they quote coverages. Agencies in Buffalo may be either independent agents or exclusive agents.
Exclusive Car Insurance Agents
These agents can only place business with one company such as Allstate, State Farm and Farmers Insurance. These agents are not able to compare other company’s rates so you need to shop around if the rates are high. These agents are very knowledgeable on what they offer which helps them sell on service rather than price. Many people choose to use a exclusive agent mainly due to the brand legacy rather than low rates.
Listed below is a list of exclusive agents in Buffalo willing to provide price quotes.
- Marc Scherrer – State Farm Insurance Agent
2165 Sheridan Dr – Buffalo, NY 14223 – (716) 875-0524 – View Map - Lou Santiago – State Farm Insurance Agent
557 Niagara St – Buffalo, NY 14201 – (716) 883-5500 – View Map - Dan Schmidt – State Farm Insurance Agent
615 Elmwood Ave – Buffalo, NY 14222 – (716) 783-9460 – View Map
Independent Agents
Independent agents are not required to write business for one company so they can insure your vehicles with multiple insurance companies and possibly get better coverage at lower prices. If prices rise, your policy is moved internally and you don’t have to switch agencies.
When comparing car insurance rates, you should always include price quotes from several independent insurance agents for the best price selection. Many independent agencies also insure through small regional insurance companies which can be an advantage.
Below is a list of independent agents in Buffalo who can help you get price quote information.
- Niagara County Insurance
1171 Delaware Ave – Buffalo, NY 14209 – (716) 881-6666 – View Map - Nationwide Insurance: Cynthia Woltz Insurance Agency Inc
1926 clinton – Buffalo, NY 14206 – (716) 822-6874 – View Map - La Penna Insur Agency Inc
3835 Harlem Rd – Buffalo, NY 14215 – (716) 838-1880 – View Map
Compare but don’t skimp
The cheapest Hyundai Genesis insurance in Buffalo is definitely available both online in addition to local insurance agencies, and you should be comparing both to have the best rate selection. Some car insurance companies may not have rate quotes online and usually these regional insurance providers only sell coverage through independent insurance agencies.
As you go through the steps to switch your coverage, it’s not a good idea to buy poor coverage just to save money. There are many occasions where someone sacrificed liability limits or collision coverage and discovered at claim time that the small savings ended up costing them much more. The goal is to buy a smart amount of coverage at the best cost and still be able to protect your assets.
We just covered a lot of ways to shop for Hyundai Genesis insurance online. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. Consumers may even find the best auto insurance rates are with a lesser-known regional company.
Additional car insurance information can be found at the links below
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- Who Has Affordable Buffalo Car Insurance for Drivers with a Bad Driving Record? (FAQ)
- Who Has Affordable Auto Insurance Rates for 17 Year Olds in Buffalo? (FAQ)
- How Much is Buffalo Auto Insurance for Safe Drivers? (FAQ)
- Who Has Affordable Auto Insurance Quotes for a Toyota Tacoma in Buffalo? (FAQ)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Teen Driver Licensing Information (iihs.org)
- Child Safety Seats (Insurance Information Institute)