Save Money on Hyundai Tucson Insurance in Dallas

It takes a few minutes, but the best way to quote cheaper auto insurance rates is to compare quotes once a year from insurers who provide auto insurance in Dallas.

First, take a little time to learn about the coverage provided by your policy and the steps you can take to keep rates low. Many rating factors that increase rates like traffic violations and a negative credit score can be remedied by making minor changes in your lifestyle. This article gives information to prevent high prices and find additional discounts you may qualify for.

Second, compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from a single company like Progressive or Allstate, while agents who are independent can give you price quotes from multiple insurance companies.

Third, compare the new quotes to the premium of your current policy to determine if you can save on Tucson insurance in Dallas. If you can save some money, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, provide notification to your current agent or company to cancel your existing policy. Submit the application along with any required down payment to your new insurance company. Once coverage is bound, keep your new proof of insurance certificate above your visor, in the console, or in the glove compartment.

An important part of this process is that you use identical limits and deductibles on each price quote and and to compare as many car insurance companies as possible. This guarantees a fair price comparison and a complete price analysis.

Insurance quote for Hyundai Tucson in DallasA recent study revealed that most auto insurance policyholders in Texas have purchased from the same company for more than four years, and almost 40% of drivers have never even compared rates from other companies. American consumers could save about 47% every year by just comparing quotes, but they just don’t understand how easy it is to compare rate quotes.

If you are already insured, you should be able to reduce the price you pay using the concepts you’re about to learn. Locating the most cost-effective auto insurance policy in Dallas is not that difficult. Although Texas vehicle owners must know how the larger insurance companies price insurance differently and use it to find better rates.

Hyundai Tucson coverage analysis

The coverage table shown next highlights different policy rates for Hyundai Tucson models. Knowing how policy premiums are figured can assist in making smart choices when comparing insurance rates.

Hyundai Tucson Insurance Rates in Dallas, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tucson GLS 2WD $284 $502 $514 $30 $154 $1,484 $124
Tucson GLS 4WD $326 $502 $514 $30 $154 $1,526 $127
Tucson Limited 2WD $326 $610 $514 $30 $154 $1,634 $136
Tucson Limited 4WD $326 $610 $514 $30 $154 $1,634 $136
Get Your Own Custom Quote Go

Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Premium amounts do not factor in the specific area where the vehicle is garaged which can affect insurance rates considerably.

Physical damage deductibles: Should you raise them?

The hardest decision when buying coverage is where to set your physical damage deductibles. The figures shown below approximate the cost difference between low and high insurance deductibles. The first price estimate table uses a $100 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.

Hyundai Tucson insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tucson GLS 2WD $286 $486 $382 $22 $114 $1,315 $110
Tucson GLS 4WD $328 $486 $382 $22 $114 $1,357 $113
Tucson Limited 2WD $328 $592 $382 $22 $114 $1,463 $122
Tucson Limited 4WD $328 $592 $382 $22 $114 $1,463 $122
Get Your Own Custom Quote Go

Hyundai Tucson insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tucson GLS 2WD $158 $256 $382 $22 $114 $932 $78
Tucson GLS 4WD $182 $256 $382 $22 $114 $956 $80
Tucson Limited 2WD $182 $312 $382 $22 $114 $1,012 $84
Tucson Limited 4WD $182 $312 $382 $22 $114 $1,012 $84
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Table data does not factor in your specific Dallas location which can increase or decrease coverage rates significantly.

Using the data above, we can ascertain that using a $100 deductible costs approximately $35 more each month or $420 a year than opting for the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at a minimum 26 months between claims, you would probably be better off if you choose a higher deductible.

The information below illustrates how choosing a deductible and can increase or decrease Hyundai Tucson insurance rates for different categories of driver ages. The rate quotes are based on a single female driver, full coverage, and no additional discounts are factored in.

Full coverage or liability only

The illustration below illustrates the difference between Hyundai Tucson insurance rates with full physical damage coverage compared to only buying liability only. The premiums assume no driving violations, no at-fault accidents, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

Should you be buying full coverage?

There is no definitive formula for excluding full coverage, but there is a broad guideline. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s assume your Hyundai Tucson replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after the policy deductible has been paid. If you are currently paying more than $500 annually to have full coverage, then it’s probably a good time to buy liability coverage only.

There are a few situations where removing full coverage is not financially feasible. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not opt for liability only.

Why You Might Pay Higher Rates in Dallas

When buying insurance it’s important to understand some of the things that play a part in calculating insurance rates. If you have a feel for what controls the rates you pay, this helps enable you to make changes that may result in much lower annual insurance costs.

The following are a partial list of the pieces used by companies to determine premiums.

Credit rating impacts premium prices – Having a bad credit history is a big factor in determining your rates. If your credit score leaves room for improvement, you could be paying less to insure your Hyundai Tucson if you clean up your credit. Drivers with very good credit scores tend to file fewer claims than those with lower ratings.

The more you drive the more you pay – Driving more miles in a year the higher your rates will be. Many insurance companies apply a rate based on their usage. Cars not used for work or commuting can be on a lower rate level than vehicles that are driven to work every day. Having an incorrect usage rating on your Tucson is throwing money out the window. It’s a smart idea to ensure your policy properly reflects annual mileage.

More people means more accidents – Residing in less populated areas of the country has it’s advantages when trying to find low car insurance rates. Lower population means reduced accidents and lower theft and vandalism rates. Urban drivers have to deal with traffic congestion and higher rates of accident claims. Longer commute distances means a statistically higher chance of an accident.

Costs increase with policy add-ons – There are many optional add-on coverages that you can buy if you aren’t careful. Coverages like replacement cost coverage, accidental death, and extra equipment coverage may not be needed and are just wasting money. They may sound like good ideas when deciding what coverages you need, but if you have no use for them get rid of them and save.

When should you file a insurance claims? – If you are the type of insured that files lots of claims you can definitely plan on higher rates. Auto insurance companies in Texas generally give the lowest premiums to people who only file infrequent claims. Your car insurance is intended for more catastrophic claims.

Battle of the sexes – Over the last 50 years, statistics have shown that women are safer drivers than men. That doesn’t necessarily mean that females are better at driving than males. Both sexes cause accidents in similar numbers, but the men have accidents that have higher claims. Not only that, but men also get ticketed for serious violations like driving under the influence (DUI).

The information below illustrates the difference between Hyundai Tucson insurance premiums for male and female drivers. The data assumes no accidents or driving violations, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Insurance loss statistics a Hyundai Tucson – Auto insurance companies analyze historical claim data to help determine rates. Models that the data shows to have a higher amount or frequency of claims will be charged more to insure.

The table below demonstrates the insurance loss data used by companies for Hyundai Tucson vehicles. For each coverage type, the claim probability for all vehicles, regardless of manufacturer or model, is represented as 100. Numbers below 100 represent a good loss history, while numbers that are greater than 100 indicate more frequent claims or tendency to have larger claims.

Hyundai Tucson Insurance Loss Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Tucson 4dr 2WD 80 96 66 108 110 101
Hyundai Tucson 4dr 4WD 82 102 70 109 109 109

Statistics from for 2013-2015 Model Years

Find cheap rates by being thorough

Budget-friendly insurance in Dallas is attainable online as well as from insurance agents, so you need to shop Dallas car insurance with both in order to have the best chance of saving money. Some insurance providers may not offer rate quotes online and many times these smaller providers provide coverage only through independent insurance agencies.

When buying insurance coverage, never buy less coverage just to save a little money. There are too many instances where someone sacrificed full coverage and found out when filing a claim that the few dollars in savings costed them thousands. The proper strategy is to find the BEST coverage at an affordable rate, but do not sacrifice coverage to save money.

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