It’s an obvious conclusion that insurance companies don’t want customers comparing rates. Consumers who shop around for cheaper price quotes will, in all likelihood, switch auto insurance companies because the odds are good of finding a cheaper policy. A recent survey discovered that drivers who compared rate quotes regularly saved on average $3,500 over four years as compared to drivers who never shopped around for better prices.
If finding the lowest rates on Hyundai Ioniq insurance is your ultimate goal, then having some knowledge of how to shop and compare insurance can save time and money.
The best way to get low-cost Hyundai Ioniq insurance in Dallas is to start comparing prices yearly from different companies who can sell car insurance in Texas. This can be done by following these guidelines.
Step 1: Spend a few minutes and learn about how auto insurance works and the steps you can take to prevent high rates. Many things that drive up the price such as traffic citations and a lousy credit rating can be rectified by improving your driving habits or financial responsibility. This article gives instructions to get affordable coverage and find possible discounts that are available.
Step 2: Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like Progressive and State Farm, while independent agencies can provide prices for a wide range of insurance providers.
Step 3: Compare the new rates to your existing policy and see if there is a cheaper rate. If you can save money, make sure coverage does not lapse between policies.
Step 4: Provide adequate notice to your current company to cancel the current policy. Submit a down payment along with a signed application to the new insurer. Once coverage is bound, put the new proof of insurance certificate with your registration paperwork.
A good piece of advice is to make sure you enter the same deductibles and limits on each quote and and to get price quotes from all possible companies. This ensures an accurate price comparison and a complete price analysis.
Six Things That Affect Your Insurance Rates
Many things are used when you get your auto insurance bill. Most are fairly basic such as your driving history, although some other factors are less obvious such as your marital status or your vehicle rating. An important part of buying insurance is that you know some of the elements that aid in calculating the rates you pay for insurance. If you have some idea of what determines premiums, this enables you to make decisions that may result in lower insurance prices.
The following are some of the most common factors used by insurance companies to determine your prices.
- Why do you need liability protection? – Liability insurance will protect you if a jury decides you are liable for personal injury or accident damage. Liability insurance provides you with a defense in court which can cost thousands of dollars. It is affordable coverage compared to comp and collision, so do not cut corners here.
- No insurance claims equals cheap prices – If you are the type of insured that files lots of claims you should expect increased rates or even have your policy non-renewed. Auto insurance companies in Texas award the lowest premiums to drivers who are claim-free. Insurance coverage is intended to be relied upon for claims that pose a financial burden.
- Do you qualify for a multi-policy discount? – Many insurers provide discounts to customers who buy several policies from them in the form of a multi-policy discount. Discounts can be ten or even fifteen percent. If you currently are using one company, it’s in your best interest to compare other company rates to ensure the best deal. It’s possible to still find a better deal by buying insurance from a different company.
- Expect high rates for teens – Mature drivers are viewed as being more responsible, tend to file fewer claims, and usually have better credit. Teen drivers have been known to get distracted easily when at the wheel of a vehicle therefore insurance rates are much higher.
- Poor credit score equals high premiums – A driver’s credit score factor in calculating your premium rate. Consumers who have high credit scores tend to be better drivers and file fewer claims than drivers with worse credit. So if your credit is not that good, you could be paying less to insure your Hyundai Ioniq if you clean up your credit.
- Is your vehicle theft-ready? – Owning a car with an alarm system can get you a discount on your insurance. Advanced theft deterrents like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent auto theft and help lower rates.
Finding a lower price on Hyundai Ioniq insurance doesn’t have to be difficult. You just need to take time to get quotes online with multiple companies.
The car insurance companies shown below are ready to provide price comparisons in Dallas, TX. If more than one company is shown, we suggest you get price quotes from several of them to get the best price comparison.
Insurance does more than just repair your car
Despite the potentially high cost of Hyundai Ioniq insurance, insurance serves an important purpose.
- The majority of states have minimum liability requirements which means it is punishable by state law to not carry a minimum amount of liability coverage in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Hyundai has a lienholder, almost all lenders will make it a condition of the loan that you buy full coverage to guarantee loan repayment. If the policy lapses, the bank may insure your Hyundai for a much higher rate and require you to reimburse them the higher premium.
- Insurance protects both your assets and your vehicle. It will also cover medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also covers legal expenses if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance greatly outweigh the cost, particularly for liability claims. An average driver in America is overpaying over $865 each year so you should quote rates at every renewal to save money.
Discounts for lower-cost insurance rates
Insurance is expensive, but there could be significant discounts to help bring down the price. Some discounts apply automatically when you complete an application, but once in a while a discount must be requested specifically before you will receive the discount.
- Anti-lock Brakes – Cars and trucks with anti-lock braking systems are much safer to drive so you can save 10 percent or more.
- Discounts for New Vehicles – Adding a new car to your policy can cost up to 25% less because new model year vehicles keep occupants safer.
- Drivers Ed for Students – Cut your cost by having your teen driver enroll in driver’s education in high school.
- Multiple Cars – Drivers who insure all your vehicles on a single policy qualifies for this discount.
- Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and will save you 10% or more on Ioniq insurance in Dallas.
- Payment Method – If you pay your entire premium ahead of time instead of making monthly payments you could save 5% or more.
Discounts reduce rates, but you should keep in mind that many deductions do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So even though you would think all the discounts add up to a free policy, it just doesn’t work that way.
Some of the insurance companies that may offer quotes with these money-saving discounts are:
Before buying, ask all companies you are considering how you can save money. Some of the earlier mentioned discounts may not apply to policyholders in Dallas.
Insurance is available from agents near you
Some people just prefer to sit down and talk to an agent and we recommend doing that Agents can help you build your policy and help in the event of a claim. A nice benefit of getting free rate quotes online is the fact that drivers can get cheaper premium rates and also buy local.
To find an agent, once you fill out this quick form, your coverage information gets sent to participating agents in Dallas that provide free Dallas car insurance quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to find an agent since rate quotes are delivered straight to your inbox. If you need to quote rates from one company in particular, feel free to jump over to their website and submit a quote form there.
Deciding on an insurance company shouldn’t rely on just a cheap quote. The following questions are important to ask.
- How many years have they been established?
- If your car is totaled, how to they determine the replacement cost?
- Do they receive special compensation for putting your coverage with one company over another?
- How much can you save by raising your physical damage deductibles?
- Will you work with the agent or an assistant?
- Does the agency support the community they serve?
Choose the right car insurance agent
If you want to buy insurance from a local agent, it’s important to understand the types of agencies that you can choose from. Insurance policy providers can be categorized as either independent or exclusive depending on the company they work for. Both can provide insurance policies, but it is a good idea to know the difference between them because it can factor into the type of agent you choose.
Exclusive Insurance Agencies
These type of agents generally can only insure with one company such as Allstate and State Farm. Exclusive agents are unable to place coverage with different providers so keep that in mind. These agents are trained well in insurance sales and that enables them to sell even at higher rates. A lot of people buy from exclusive agents partially due to the prominence of the brand and solid financial strength.
Shown below are exclusive insurance agencies in Dallas who can help you get price quote information.
- Jim Franco – State Farm Insurance Agent
3720 Walnut Hill Ln #203 – Dallas, TX 75229 – (214) 358-3246 – View Map
- State Farm: Brent Cooper
5232 Forest Ln #111 – Dallas, TX 75244 – (214) 987-1995 – View Map
- Todd Schara – State Farm Insurance Agent
516 S Hampton Rd #140 – Dallas, TX 75208 – (214) 943-7500 – View Map
Independent Insurance Agencies
Agents that choose to be independent do not sell for just one brand so they can write business with any number of different companies and find the cheapest rate. If they find a lower price, they simply move the coverage in-house which requires no work on your part.
If you are comparing rate quotes, it’s recommended you get several quotes from at a minimum one independent agency to have the most options to choose from. Most have the option of insuring with small mutual carriers that can offer cheaper rates than bigger companies.
Shown below are independent agencies in Dallas that can give you rate quotes.
- Texas Insurance Pro
2695 Villa Creek Dr #175 – Dallas, TX 75234 – (214) 717-4326 – View Map
- Ross “Pistol” Love – Love Insurance Agency
5400 E Mockingbird Ln #224 – Dallas, TX 75206 – (214) 843-0772 – View Map
- Nationwide Insurance: Paula L Ratliff Agency Inc
11661 Preston Rd #146 – Dallas, TX 75230 – (214) 890-0760 – View Map
Auto insurance can be complex
When quoting and choosing coverage online or from an agent, there isn’t really a “best” method to buy coverage. Your financial needs are unique.
These are some specific questions may help you determine if you would benefit from an agent’s advice.
- Does my Hyundai Ioniq qualify for pleasure use?
- Do I need to call my car insurance company before buying a new car?
- How high should my uninsured/underinsured coverage be in Texas?
- Do I need higher collision deductibles?
- Do I need replacement cost coverage on my Hyundai Ioniq?
- How much liability do I need to cover my assets?
- What is the rate difference between pleasure use and commuting?
- Is extra glass coverage worth it?
- Which companies will insure high-risk drivers?
- Is water damage covered by my policy?
If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, complete this form. It only takes a few minutes and can help protect your family.
Affordable auto insurance rates are possible
We’ve covered many ways to lower your Hyundai Ioniq insurance premium rates in Dallas. The most important thing to understand is the more companies you get prices for, the better likelihood of getting affordable Dallas car insurance quotes. You may even discover the best premium rates are with an unexpected company.
Cheap Hyundai Ioniq insurance in Dallas can be purchased both online in addition to local insurance agencies, and you need to comparison shop both to have the best rate selection. There are still a few companies who don’t offer online rate quotes and many times these small insurance companies only sell through independent insurance agencies.
As you prepare to switch companies, it’s a bad idea to reduce coverage to reduce premium. In many cases, an insured dropped uninsured motorist or liability limits only to discover later that the few dollars in savings costed them thousands. The ultimate goal is to purchase plenty of coverage at the best price, but do not sacrifice coverage to save money.
For more information, take a look at the resources below:
- Speed and Speed Limit FAQ (iihs.org)
- Who Has Affordable Dallas Car Insurance for Lyft Drivers? (FAQ)
- What Car Insurance is Cheapest for a Toyota Camry in Dallas? (FAQ)
- Who Has Affordable Auto Insurance Rates for Used Cars in Dallas? (FAQ)
- How Much is Auto Insurance for Drivers with a Bad Driving Record in Dallas? (FAQ)
- Child Safety Seats (Insurance Information Institute)
- Teen Driver Licensing Information (iihs.org)
- Eight Auto Insurance Myths (Insurance Information Institute)