Cheap Jersey City Hyundai Santa Fe Insurance

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Hyundai Santa Fe insurance policy
Hyundai Santa Fe insurance policy image courtesy of QuoteInspector.com

Insurance for Hyundai Santa FeIt takes a little time, but the best way to find affordable auto insurance rates in Jersey City is to regularly compare price quotes from insurance carriers in New Jersey. You can shop around by following these guidelines.

First, take a little time to learn about auto insurance and the measures you can control to prevent rate increases. Many risk factors that cause rate increases such as inattentive driving and an unacceptable credit score can be eliminated by making small lifestyle or driving habit changes. Read the full article for the details to prevent high rates and find available discounts that you may qualify for.

Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from a single company like GEICO and State Farm, while independent agencies can provide prices from multiple companies.

Third, compare the new rate quotes to your current policy to see if switching to a new carrier will save money. If you find better rates and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, tell your current agent or company of your decision to cancel your current policy and submit the signed application along with the required initial payment to the new company. Immediately put the new certificate verifying coverage in an accessible location in your vehicle.

A tip to remember is that you'll want to compare the same deductibles and limits on each quote and and to get prices from as many different insurance providers as possible. Doing this helps ensure an apples-to-apples comparison and a thorough price selection.

A recent NerdWallet.com study revealed that almost 70% of drivers have purchased from the same company for at least the last four years, and almost half have never even shopped around for affordable coverage. New Jersey drivers could save themselves $720 a year by just comparing quotes, but most undervalue how much savings they would realize if they bought a different policy.

We hope to teach you how insurance works and also save some money in the process If you currently have insurance, you will surely be able to get lower rates using these methods. Drivers just need to learn the proper way to compare rates online from multiple companies.

Why Informed Drivers Pay Less for Hyundai Santa Fe Insurance

Many things are used when you quote your car insurance policy. A few of the factors are predictable such as your driving history, but other factors are less obvious like your continuous coverage or how safe your car is.

  • Lower stress equals lower rates - Occupational choices like fire fighters, architects, and miners usually pay higher average rates because of high stress and extremely grueling work hours. On the flip side, careers such as scientists, students and retirees pay the least.
  • Physical damage deductibles - Physical damage deductibles state the amount of money you are required to spend if a covered claim is submitted. Physical damage coverage, also called 'full coverage', protects your car from damage. A few examples of covered claims would be a windshield broken by a bird, fire damage, and damage from wind. The more of the claim the insured is willing to pay, the lower your rates will be.
  • Deter theft and pay less - Choosing a vehicle that has a built-in theft deterrent system can save you a little every year. Theft deterrent systems such as OnStar, LoJack tracking, and tamper alarms all help stop auto theft and help lower rates.
  • Vehicle risk impacts rates - The type of vehicle you are buying insurance for makes a substantial difference in your rates. The most favorable rates are for lower cost passenger cars, but the cost you end up paying is determined by many additional factors.

    The chart below uses these assumptions: married female driver age 30, full coverage with $250 deductibles, and no discounts or violations. It shows Hyundai Santa Fe policy rates compared to other models of vehicles that have a range of performance rating factors.

  • Claim-free discounts can add up - Auto insurance companies in New Jersey award cheaper rates to people who file claims infrequently. If you file claims often, you can pretty much guarantee higher premiums or even policy non-renewal. Your insurance policy is designed for claims that you cannot pay yourself.
  • Lower rates for married couples - Your spouse may cut your premiums on your auto insurance policy. Having a spouse generally demonstrates drivers are less irresponsible and insurance companies like that married drivers tend to have fewer serious accidents.
  • Save money with high credit - A driver's credit score can be an important factor in calculating your auto insurance rates. Consumers who have very high credit ratings tend to be more responsible than drivers with poor credit scores. So if your credit rating is lower than you'd like, you may save money insuring your Hyundai Santa Fe by repairing your credit.
  • How much liability - Liability coverage provides coverage if ever you are found to be at fault for causing personal injury or damage in an accident. It provides you with a defense in court starting from day one. This coverage is very inexpensive compared to comp and collision, so drivers should buy more than the minimum limits required by law.
  • Insurance losses for a Hyundai Santa Fe - Insurers use statistical claims data to help determine the rate you pay. Models that have a trend towards higher claim severity or frequency will have a higher cost to insure.

    The table below shows the historical insurance loss data for Hyundai Santa Fe vehicles. For each type of coverage, the statistical loss for all vehicles, as a total average, is represented as 100. Percentage values below 100 represent a good loss history, while numbers shown that are more than 100 indicate more frequent claims or a tendency for claims to be larger.

    Hyundai Santa Fe Insurance Loss Statistics
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Hyundai Santa Fe 4dr 2WD 91 94 82 86 92 91
    Hyundai Santa Fe 4dr 4WD 109 115 97 96 84 94
    Hyundai Santa Fe Sport 4dr 2WD 88 90 93 90 89 93
    Hyundai Santa Fe Sport 4dr 4WD 95 91 110 90 96 84
    BETTER
    AVERAGE
    WORSE

    Statistics from IIHS.org for 2013-2015 Model Years

Shop Hyundai Santa Fe insurance online

Most companies such as State Farm and Allstate make it easy to get coverage prices directly from their websites. This process is quite easy as you just type in your coverage information into the quote form. After you submit the form the system automatically retrieves your driving and credit reports and returns a price based on the data you entered.

This simplifies rate comparisons, and it's necessary to have as many quotes as possible if you want to find cheap auto insurance pricing.

In order to find out what other companies charge, consider comparing rates from the companies shown below. If you have coverage now, it's recommended you enter deductibles and limits as close as possible to your current policy. Doing this assures you will have a rate comparison for similar insurance coverage.

The companies in the list below are our best choices to provide price quotes in New Jersey. If you wish to find the cheapest car insurance in Jersey City, we suggest you visit several of them to get a more complete price comparison.

Hyundai Santa Fe coverage statistics

The table displayed next highlights a range of insurance costs for Hyundai Santa Fe models. Having insight into how car insurance prices are established can help you make informed decisions when comparing rates.

Hyundai Santa Fe Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $240 $464 $496 $30 $148 $1,378 $115
Santa Fe GLS 4WD $274 $464 $496 $30 $148 $1,412 $118
Santa Fe SE 2WD $274 $464 $496 $30 $148 $1,412 $118
Santa Fe Limited 2WD $274 $548 $496 $30 $148 $1,496 $125
Santa Fe SE 4WD $274 $548 $496 $30 $148 $1,496 $125
Santa Fe Limited 4WD $310 $548 $496 $30 $148 $1,532 $128
Get Your Own Custom Quote Go

Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Estimates do not factor in vehicle location which can decrease or increase premium rates significantly.

An analysis of deductible level

When comparing car insurance rates, the most common question is what deductibles to buy. The rates below may aid in understanding the rate fluctuation when you choose different insurance deductibles. The first data table uses a $100 deductible for comp and collision and the second data table uses a $1,000 deductible.

Hyundai Santa Fe insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $360 $746 $480 $28 $144 $1,783 $149
Santa Fe GLS 4WD $414 $746 $480 $28 $144 $1,837 $153
Santa Fe SE 2WD $414 $746 $480 $28 $144 $1,837 $153
Santa Fe Limited 2WD $414 $880 $480 $28 $144 $1,971 $164
Santa Fe SE 4WD $414 $880 $480 $28 $144 $1,971 $164
Santa Fe Limited 4WD $466 $880 $480 $28 $144 $2,023 $169
Get Your Own Custom Quote Go
Hyundai Santa Fe insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $200 $394 $480 $28 $144 $1,246 $104
Santa Fe GLS 4WD $230 $394 $480 $28 $144 $1,276 $106
Santa Fe SE 2WD $230 $394 $480 $28 $144 $1,276 $106
Santa Fe Limited 2WD $230 $464 $480 $28 $144 $1,346 $112
Santa Fe SE 4WD $230 $464 $480 $28 $144 $1,346 $112
Santa Fe Limited 4WD $258 $464 $480 $28 $144 $1,374 $115
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Information does not factor in garaging location in Jersey City which can affect premiums significantly.

Based on the above data, using a $100 deductible would cost the average driver about $50 more each month or $600 each year than quoting the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 18 months between claims, you would most likely save money going with the higher deductible.

Calculation for raising deductibles

Average monthly premium for $100 deductibles: $159
Average monthly premium for $1,000 deductibles (subtract): - $109
Monthly savings from raising deductible: $50
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $50
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

Car insurance premiums based on gender

The illustration below compares Hyundai Santa Fe car insurance costs for male and female drivers. Data assumes no claims or violations, comprehensive and collision coverage, $100 deductibles, marital status is single, and no additional discounts are factored in.

Auto insurance does more than just repair your car

Even though Jersey City Santa Fe insurance rates can get expensive, maintaining insurance is a good idea for several reasons.

First, the majority of states have minimum liability requirements which means you are required to buy specific minimum amounts of liability insurance in order to drive the car. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if your car has a loan, more than likely the lender will stipulate that you buy insurance to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the bank may buy a policy for your Hyundai at an extremely high rate and force you to pay for the much more expensive policy.

Third, auto insurance protects both your assets and your car. It will also pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also covers legal expenses if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.

The benefits of having auto insurance definitely exceed the price paid, especially when you need to use it. As of last year, the average driver in New Jersey is wasting up to $810 a year so it's important to compare rates every year to help ensure money is not being wasted.

You may qualify for discounts for Hyundai Santa Fe insurance in Jersey City

Auto insurance is expensive, but there could be significant discounts to help offset the cost. Certain discounts will be triggered automatically at the time of purchase, but some must be specifically requested before they will apply.Cheaper auto insurance with discounts

  • Driver Education Discount - Require your teen driver to complete a driver education course if it's offered in school.
  • Multi-policy Discount - If you insure your home and vehicles with one company you may earn as much as 10 to 15 percent.
  • Military Rewards - Being deployed with a military unit can result in better rates.
  • Save with More Vehicles Insured - Buying insurance for multiple cars with the same auto insurance company can reduce the rates for all insured vehicles.
  • Safety Course Discount - Passing a course in defensive driving could earn you a small percentage discount and easily recoup the cost of the course.
  • Theft Prevention System - Cars equipped with tracking devices and advanced anti-theft systems are stolen less frequently and earn discounts up to 10% off your Jersey City auto insurance quote.
  • Senior Citizen Discount - If you qualify as a senior citizen, you may receive a slight reduction on a Jersey City auto insurance quote.
  • Early Signing - A few companies offer discounts for signing up before your current coverage expires. It's a savings of about 10%.

Remember that most discounts do not apply to the whole policy. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears it's possible to get free car insurance, it just doesn't work that way.

The information below compares Hyundai Santa Fe premium costs with and without discounts applied to the policy premium. The data assumes a female driver, no driving violations, no at-fault accidents, New Jersey 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 marriage, homeowner, safe-driver, claim-free, multi-policy, and multi-car discounts applied.

If you would like to see a list of insurers with the best discounts in New Jersey, click this link.

Compare rates but buy from a local neighborhood Jersey City car insurance agent

Many drivers still like to buy from a licensed agent and we recommend doing that Good agents will help you protect your assets and help in the event of a claim. One of the great benefits of comparing car insurance online is you can get the lowest rates but still work with a licensed agent. Buying from and supporting local agencies is definitely important in Jersey City.

Upon completion of this short form, the quote information is instantly submitted to agents in your area who will return price quotes for your coverage. You won't need to do any legwork since rate quotes are delivered immediately to you. If you need to get a price quote from a specific car insurance provider, you just need to jump over to their website and give them your coverage information.

What type of Jersey City auto insurance agent is right for you?

If you are searching for a local agent, you need to know there are two types of agencies and how they function. Agents in Jersey City are considered either exclusive or independent. Either type can handle car insurance, but it's important to point out the difference in the companies they write for because it can factor into the kind of agent you use.

Independent Car Insurance Agents (or Brokers)

Agents in the independent channel often have many company appointments and that allows them to write policies with lots of companies and help determine which has the cheapest rates. If you are not satisfied with one company, your agent can just switch to a different company without you having to go to a different agency.

If you are comparing rate quotes, we recommend you include a few independent agents to get the most accurate price comparison. A lot of them also have access to less well-known companies which could offer lower prices.

Featured below is a partial list of independent insurance agencies in Jersey City that may be able to give price quote information.

  • All Insurance Services Inc
    574 Newark Ave - Jersey City, NJ 07306 - (201) 963-8888 - View Map
  • Blake Agency
    370 Pacific Ave - Jersey City, NJ 07304 - (201) 209-0065 - View Map

  • 300 Exchange Pl - Jersey City, NJ 07311 - (201) 743-4000 - View Map

More Jersey City agents

Exclusive Car Insurance Agencies

Exclusive agencies can only provide pricing for a single company and examples are State Farm, AAA, Farmers Insurance or Allstate. These agents are unable to shop your coverage around so they have no alternatives for high prices. Exclusive agents are well trained on sales techniques which helps them sell on service rather than price. Some insured continue to buy from exclusive agents mainly due to loyalty to the company and strong financial ratings.

The following are Jersey City exclusive insurance agents willing to provide price quotes.

More Jersey City agents

Selecting an car insurance agent should depend on more than just a cheap price. The answers to these questions are important, too.

  • Is working in the agency their full-time job?
  • Does the agency have a good rating with the Better Business Bureau?
  • Do the companies they represent have a solid financial rating?
  • Can they give you a list of client referrals?
  • Does the agent have professional designations like CIC, CPCU or AIC?

What is the best auto insurance company in New Jersey?

Picking a good quality auto insurance provider is difficult considering how many companies are available to choose from in New Jersey. The company rank data below could help you select which providers you want to consider shopping your coverage with.

Top 10 Jersey City Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. USAA
  3. Liberty Mutual
  4. GEICO
  5. State Farm
  6. Nationwide
  7. Allstate
  8. 21st Century
  9. The Hartford
  10. Farmers Insurance

Top 10 Jersey City Car Insurance Companies by A.M. Best Rank

  1. GEICO - A++
  2. Travelers - A++
  3. State Farm - A++
  4. USAA - A++
  5. Allstate - A+
  6. Nationwide - A+
  7. Mercury Insurance - A+
  8. Progressive - A+
  9. The Hartford - A+
  10. Esurance - A+

More quotes mean more auto insurance savings

People who switch companies do it for a variety of reasons including high rates after DUI convictions, lack of trust in their agent, questionable increases in premium or extreme rates for teen drivers. No matter why you want to switch, finding a new company is less work than it seems.

When you buy Jersey City auto insurance online, it's a bad idea to buy lower coverage limits just to save a few bucks. In too many instances, drivers have reduced comprehensive coverage or liability limits and learned later that it was a big error on their part. The aim is to buy enough coverage at the best price while not skimping on critical coverages.

Throughout this article, we presented some good ideas how to save on Hyundai Santa Fe insurance in Jersey City. The key thing to remember is the more rate comparisons you have, the better chance you'll have of finding cheaper Jersey City auto insurance quotes. You may even find the best premium rates are with a company that doesn't do a lot of advertising.

More tips and info about auto insurance is available in the articles below: