Want to save money and find lower-priced Hyundai Accent insurance in Buffalo? Sick and tired of not being able to scrape enough together to keep your car insured? You are in the same boat as many other New York drivers.
It’s amazing but over 70% of consumers have been with the same company for well over three years, and just short of a majority have never taken the time to shop around. Buffalo consumers could save themselves approximately 45% a year, but most undervalue how much they could save if they switch to a new company.
Steps to buying cheaper Hyundai Accent insurance in Buffalo
If you want to save the most money, the best way to get more affordable auto insurance rates is to start comparing rates regularly from different companies who provide car insurance in Buffalo.
- Learn about how car insurance works and the measures you can control to keep rates low. Many factors that result in higher rates such as accidents, traffic violations, and an unfavorable credit rating can be amended by improving your driving habits or financial responsibility. This article provides additional ideas to prevent rate hikes and find discounts that may have been missed.
- Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO or Allstate, while agents who are independent can provide price quotes from multiple companies. Compare rates now
- Compare the new rates to the price on your current policy and see if there is a cheaper rate. If you find a lower rate quote and switch companies, ensure there is no coverage lapse between policies.
One thing to point out is to use similar limits and deductibles on every price quote and and to get prices from as many different insurance providers as possible. This enables a fair price comparison and the most accurate and complete price analysis.
Because there are so many companies to choose from that have cheap insurance for a Hyundai Accent in Buffalo, it’s nearly impossible to locate the right insurer.
Just keep in mind that quoting more will enable you to find more affordable insurance. Some regional insurers cannot provide online Buffalo Accent insurance quotes, so you should also compare price quotes from those companies as well.
The companies shown below can provide comparison quotes in New York. If your goal is to find the cheapest car insurance in NY, we suggest you get rate quotes from several of them in order to get a fair rate comparison.
Hyundai Accent insurance rates and statistics
The premium information displayed next outlines estimates of coverage prices for Hyundai Accent models. Having a better idea how insurance rates are calculated can be useful when making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $104 | $220 | $304 | $18 | $90 | $736 | $61 |
| Accent GS 2-Dr Hatchback | $122 | $266 | $304 | $18 | $90 | $800 | $67 |
| Accent GLS 4-Dr Sedan | $122 | $314 | $404 | $24 | $120 | $984 | $82 |
| Accent SE 2-Dr Hatchback | $140 | $362 | $304 | $18 | $90 | $914 | $76 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rates do not factor in vehicle garaging location which can modify premium rates greatly.
Analysis of deductible levels
A question often asked by Buffalo drivers is the level to set your comp and collision deductibles. The comparison tables below outline the rate difference when you buy lower versus higher insurance deductibles. The first price estimate table uses a $250 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $152 | $284 | $226 | $14 | $68 | $769 | $64 |
| Accent GS 2-Dr Hatchback | $178 | $344 | $226 | $14 | $68 | $855 | $71 |
| Accent GLS 4-Dr Sedan | $178 | $406 | $300 | $18 | $90 | $1,017 | $85 |
| Accent SE 2-Dr Hatchback | $204 | $468 | $226 | $14 | $68 | $1,005 | $84 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $94 | $178 | $226 | $14 | $68 | $580 | $48 |
| Accent GS 2-Dr Hatchback | $110 | $216 | $226 | $14 | $68 | $634 | $53 |
| Accent GLS 4-Dr Sedan | $110 | $256 | $300 | $18 | $90 | $774 | $65 |
| Accent SE 2-Dr Hatchback | $126 | $294 | $226 | $14 | $68 | $728 | $61 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Table data does not factor in the specific area where the vehicle is garaged which can raise or lower premium rates substantially.
Using the premium rates above, we can conclude that using a $250 deductible costs about $19 more each month or $228 every year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 39 months between claim filings, you would most likely save money by selecting a higher deductible.
The chart below demonstrates how deductibles and can affect Hyundai Accent annual premium costs for each different age group. The prices are based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.
Full coverage or liability only
The example below shows the difference between Hyundai Accent insurance rates with liability coverage only compared to full coverage. The information is based on no claims, a clean driving record, $1,000 deductibles, drivers are single, and no discounts are applied.
When to drop comp and collision
There is no written rule that works best for making the decision to drop comp and collision coverage, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let’s assume your Hyundai Accent book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after you pay the deductible. If premium cost is more than $200 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.
There are some scenarios where buying only liability insurance is not a good idea. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.
Three reasons to not skimp on car insurance
Even though Buffalo Accent insurance rates can get expensive, paying for car insurance is required in New York but also provides important benefits.
- Almost all states have minimum mandated liability insurance limits which means you are required to buy a specific level of liability insurance coverage in order to drive the car. In New York these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your Hyundai Accent, most lenders will make it a condition of the loan that you have insurance to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Hyundai at a significantly higher premium and force you to pay for the expensive policy.
- Car insurance protects not only your car but also your financial assets. Insurance will pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you cause an accident and are sued. If your Hyundai gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.
The benefits of insuring your car greatly outweigh the cost, particularly if you ever have a claim. According to a recent study, the average American driver overpays more than $850 per year so compare rates each time the policy renews to help ensure money is not being wasted.
Components of Your Hyundai Accent Insurance Costs
Lots of factors are part of the calculation when pricing auto insurance. A few of the factors are predictable like an MVR report, but other criteria are more transparent such as your marital status or your vehicle rating. The best way to find cheaper auto insurance is to take a look at the rating factors that help determine the level of your policy premiums. When consumers understand what controls the rates you pay, this enables informed choices that will entitle you to lower premium levels.
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Gender impacts premiums – Over the last 30 years, statistics show that women are safer drivers than men. However, don’t assume that men are worse drivers. Males and females tend to get into auto accidents in similar percentages, but the male of the species have costlier accidents. In addition to higher claims, males also receive more major tickets like DWI (DUI) or reckless driving.
The diagram below shows the difference between Hyundai Accent insurance premiums for male and female drivers. The premiums are based on no claims or violations, full physical damage coverage, $250 deductibles, single marital status, and no additional discounts are factored in.
- High credit scores equal low prices – Your credit rating is likely to be a major factor in your rate calculation. Drivers who have very good credit scores tend to be more responsible and file fewer claims than drivers with lower ratings. Therefore, if your credit score leaves room for improvement, you could pay less to insure your Hyundai Accent if you improve your credit rating.
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Premiums drop with age – Beginning drivers in New York are known to be less responsible when at the wheel of a vehicle so they pay higher auto insurance rates. More experienced drivers have been proven to be more responsible, are lower risk to insure, and are safer drivers.
The following data uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.
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Pay more by driving carelessly – Your driving citation history has a lot to do with how much you pay for insurance. Only having one speeding ticket or other violation may increase your cost to the point where it’s not affordable. Attentive drivers have lower premiums than their less careful counterparts. Drivers unfortunate enough to have severe citations such as DWI, reckless driving or hit and run convictions might be required by their state to file a SR-22 with their state’s licensing department in order to prevent their license from being revoked.
The information below shows how violations and at-fault collisions can raise Hyundai Accent insurance costs for different age groups of insureds. The prices are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
- Does your job cost you more? – Do you work in a high-stress field? Jobs such as doctors, air traffic controllers, and miners have the highest average rates in part from stressful work requirements and lengthy work days. Conversely, careers such as professors, engineers and performers receive lower rates.
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Claims statistics for a Hyundai Accent – Insurers include the past claim trends for vehicles when they file their rates in each state. Models that the data shows to have increased claim numbers or amounts will have increased rates.
The table below outlines the loss history for Hyundai Accent vehicles. For each policy coverage, the statistical loss for all vehicles, regardless of make or model, is set at 100. Numbers below 100 imply a favorable loss record, while numbers that are greater than 100 point to more losses or an increased likelihood of larger losses.
Insurance Loss Ratings for Hyundai Accent Vehicles Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Hyundai Accent 98 109 89 129 129 133 BETTERAVERAGEWORSEData Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Auto insurance can be complex
When quoting and comparing insurance from an agent or online for your vehicles, there isn’t really a one size fits all plan. Everyone’s situation is unique.
For instance, these questions might help in determining whether you would benefit from professional advice.
- What can I do if my company denied a claim?
- Does coverage extend to a rental car in a foreign country?
- If my pet gets injured in an accident are they covered?
- Am I covered when delivering products for my home-based business?
- When should I drop full coverage on my Hyundai Accent?
- What if a claim settlement is too low?
- I have a DUI can I still get coverage?
If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form.
What is the best car insurance company in Buffalo?
Buying coverage from a highly-rated car insurance provider can be a challenge considering how many companies sell insurance in New York. The information in the next section may help you pick which car insurance companies to look at purchasing a policy from.
Top 10 Buffalo Car Insurance Companies Ranked by Claims Service
- Progressive
- USAA
- Liberty Mutual
- State Farm
- GEICO
- Nationwide
- Allstate
- The General
- The Hartford
- 21st Century
Top 10 Buffalo Car Insurance Companies Ranked by Value
- The General
- Erie Insurance
- The Hartford
- Mercury Insurance
- Farmers Insurance
- 21st Century
- Safeco Insurance
- AAA Insurance
- State Farm
- Travelers
Be persistent to save money
Cost effective Hyundai Accent insurance can be bought on the web and from local insurance agents, so you should compare both in order to have the best chance of saving money. Some companies do not offer online rate quotes and many times these regional insurance providers only sell coverage through local independent agencies.
We just showed you some good ideas how you can shop for Hyundai Accent insurance online. The most important thing to understand is the more price quotes you have, the better your chances of lowering your rates. You may even discover the lowest priced auto insurance comes from the least-expected company.
People change insurance companies for any number of reasons including being labeled a high risk driver, policy non-renewal, denial of a claim and even delays in paying claims. Regardless of your reason for switching companies, finding a great new company is pretty easy and you might even save some money in the process.
How to find affordable quotes for Hyundai Accent insurance in Buffalo
If saving the most money is your goal, then the best way to get more affordable Hyundai Accent insurance is to regularly compare price quotes from companies in Buffalo. Rate comparisons can be done by following these guidelines.
- First, try to comprehend coverages and the things you can change to prevent rate increases. Many rating factors that cause high rates like traffic violations and poor credit history can be amended by paying attention to minor details.
- Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like Progressive and State Farm, while agents who are independent can provide rate quotes for many different companies.
- Third, compare the price quotes to your current policy premium to see if you can save by switching companies. If you find better rates and change companies, make sure coverage is continuous and does not lapse.
- Fourth, provide proper notification to your current company to cancel the current policy and submit a down payment and signed policy application to your new company or agent. Immediately upon receiving it, put the new proof of insurance certificate somewhere easily accessible.
The most important part of shopping around is to compare identical deductibles and limits on each price quote and and to get prices from as many auto insurance providers as possible. Doing this guarantees the most accurate price comparison and plenty of rates choose from.
To learn more, link through to these articles:
- Understanding Rental Car Insurance (Insurance Information Institute)
- Who Has Cheap Auto Insurance Rates for a Hyundai Sonata in Buffalo? (FAQ)
- Who Has Affordable Car Insurance for a Toyota 4Runner in Buffalo? (FAQ)
- Who Has Cheap Buffalo Auto Insurance Quotes for Homeowners? (FAQ)
- How Much is Buffalo Auto Insurance for Safe Drivers? (FAQ)
- Who Has Cheap Auto Insurance for Hybrid Vehicles in Buffalo? (FAQ)
- Who Has Affordable Car Insurance Rates for Drivers with Good Credit in Buffalo? (FAQ)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- How to Avoid Staged Accidents (State Farm)