2015 Hyundai Veloster Insurance Rates – 6 Ways to Save

Did you fall for a flashy sales pitch and buy an overpriced auto insurance policy? Believe me, there are many people just like you. Because there are so many different company options, it is hard for the average consumer to choose the most affordable car insurance company.

Compare the Market for Insurance Coverage

Most major insurance companies quote price estimates on their websites. Obtaining pricing is pretty easy as you just enter the coverage amounts you desire as requested by the quote form. Once entered, their rating system automatically retrieves your driving record and credit report and gives you a price quote. Quoting online helps simplify price comparisons, but the time it takes to visit multiple sites and enter the same data into a form can be a bit tiresome and repetitive. But it’s very important to compare as many rates as possible if you want to find a lower rate.

A more efficient way to compare insurance coverage pricing makes use of a single form to get prices from many companies. It’s a real time-saver, reduces the work, and makes online price comparison a little more enjoyable. After your information is entered, your coverage is rated and you can choose any or none of the quotes that you receive.

If a lower price is quoted, it’s easy to complete the application and purchase coverage. The entire process just takes a couple of minutes and could lower your rates considerably.

To quickly find out what other companies charge, click here and submit your coverage information. If you have coverage now, it’s recommended you enter coverages and limits exactly as shown on your declarations page. Using the same limits helps guarantee you’re receiving rate comparison quotes for exact coverage.

Slick advertising tricks that work

Consumers can’t ignore all the ads for cheaper car insurance from companies such as Progressive, Allstate and Geico. All the ads have a common claim that you’ll save big after switching your policy.

How do they all claim to save you money?

Different companies are able to cherry pick for the type of customer they prefer to insure. An example of a preferred risk might be profiled as between the ages of 30 and 50, has no driving citations, and drives newer vehicles. Any new insured who meets those qualifications will qualify for the lowest rates and is almost guaranteed to save when switching.

Potential insureds who don’t meet this ideal profile will have to pay higher prices and ends up with the driver buying from a lower-cost company. The ad wording is “customers who switch” not “people who quote” save that kind of money. That’s why companies can truthfully advertise the way they do.

Because of the profiling, you absolutely need to compare many company’s rates. You cannot predict the company that will have the lowest Hyundai Veloster insurance rates.

Cut your insurance coverage rates with these six discounts

Properly insuring your vehicles can get expensive, but companies offer discounts to help bring down the price. Some discounts apply automatically when you complete an application, but a few need to be requested specifically before they will apply. If you’re not getting every credit you qualify for, you’re just leaving money on the table.

  • Employee of Federal Government – Being employed by or retired from a federal job can earn a discount up to 10% on Veloster insurance with certain companies.
  • Drive Less and Save – Keeping the miles down on your Hyundai could be rewarded with better rates on cars that stay parked.
  • Paperless Signup – Certain companies may give you up to $50 for buying a policy and signing up over the internet.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if it’s offered in school.
  • Driver Safety – Taking part in a course in driver safety could possibly earn you a 5% discount if you qualify.
  • Own a Home – Owning a home may trigger a insurance coverage policy discount because maintaining a house shows financial diligence.

It’s important to note that most discount credits are not given to your bottom line cost. Most cut specific coverage prices like physical damage coverage or medical payments. Just because it seems like all the discounts add up to a free policy, companies wouldn’t make money that way. But all discounts will help reduce your premiums.

Car insurance companies that possibly offer these benefits include:

It’s a good idea to ask each insurance company which discounts you may be entitled to. All car insurance discounts may not apply in every state.

You are unique and your car insurance should be too

When buying the right insurance coverage, there really is not a perfect coverage plan. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that might point out whether your personal situation would benefit from an agent’s advice.

  • Will my insurance pay for OEM parts?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Is my 2015 Hyundai Veloster covered for flood damage?
  • Am I covered when driving someone else’s vehicle?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Can my babysitter drive my car?

If you can’t answer these questions but you know they apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or click here for a list of car insurance companies in your area. It’s fast, free and can provide invaluable advice.

Car insurance 101

Having a good grasp of auto insurance can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. These are typical coverage types found on the average auto insurance policy.

Collision coverage – This coverage pays for damage to your Veloster resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like backing into a parked car, sustaining damage from a pot hole, colliding with a tree, sideswiping another vehicle and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from older vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for bills for ambulance fees, X-ray expenses and hospital visits. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states and may carry a deductible

Comprehensive or Other Than Collision – This coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like damage from getting keyed, rock chips in glass, a broken windshield and damage from flooding. The highest amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

UM/UIM Coverage – This coverage provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Hyundai Veloster.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Normally these limits are set the same as your liablity limits.

Auto liability insurance – Liability coverage provides protection from damage or injury you incur to other people or property. This coverage protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims like legal defense fees, medical services, funeral expenses, structural damage and attorney fees. How much liability should you purchase? That is your choice, but consider buying higher limits if possible.

Have money to burn

Cheaper 2015 Hyundai Veloster insurance can be purchased on the web as well as from independent agents, so compare prices from both in order to have the best chance of saving money. Some insurance companies don’t offer online price quotes and many times these smaller companies only sell through independent insurance agents.

We’ve covered some good ideas how to compare insurance prices online. It’s most important to understand that the more you quote, the higher your chance of finding lower rates. Consumers could even find that the biggest savings come from some of the lesser-known companies. Regional companies can often provide lower rates in certain areas than their larger competitors like Progressive or Geico.

When shopping online for insurance coverage, it’s very important that you do not sacrifice coverage to reduce premiums. There are too many instances where someone sacrificed collision coverage only to find out that their decision to reduce coverage ended up costing them more. The aim is to buy the best coverage you can find at a price you can afford while still protecting your assets.

To read more, feel free to visit the resources below: