Compare Hyundai Accent Insurance Rates in Plano

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Discount Hyundai Accent insuranceIf you want to find the absolute lowest rates, then the best way to find affordable quotes for Hyundai Accent insurance in Plano is to start comparing prices yearly from companies who provide car insurance in Texas. Prices can be compared by following these steps.

First, try to learn a little about how insurance works and the changes you can make to drop your rates. Many rating factors that cause rate increases such as traffic violations, accidents, and an unacceptable credit history can be amended by making minor driving habit or lifestyle changes.

Second, compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from one company like GEICO or State Farm, while independent agents can give you price quotes for many different companies.

Third, compare the new rate quotes to your existing rates and see if you can save money. If you find a lower rate, make sure there is no lapse in coverage.

Fourth, provide written notification to your current company to cancel your current car insurance policy. Submit the completed application along with a down payment to your new company or agent. Once the application is submitted, put the certificate verifying proof of insurance in an easily accessible location.

A good piece of advice is to make sure you're comparing similar limits and deductibles on every price quote and and to get price quotes from as many carriers as you can. Doing this guarantees a fair price comparison and and a good selection of different prices.

It's an obvious conclusion that auto insurance companies want to keep you from comparing rates. People who shop around for cheaper price quotes will presumably buy a different policy because there are good odds of finding coverage at a cheaper rate. A recent survey found that consumers who shopped around annually saved approximately $860 a year compared to people who never shopped around for cheaper prices.

If finding the most affordable car insurance is your goal, then having some insight into how to quote prices and compare coverage rates can save time and make the process easier.

Cheapest auto insurance in Plano, TX

The providers in the list below are our best choices to provide price comparisons in Texas. If you want to find cheap auto insurance in Plano, it's highly recommended you get rates from several of them to get the cheapest price.

Car insurance statistics for a Hyundai Accent

The price information below outlines a range of insurance coverage prices for Hyundai Accent models. Learning more about how car insurance prices are formulated can benefit drivers when making informed decisions when comparing rate quotes.

Hyundai Accent Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accent Blue 2-Dr Hatchback $152 $322 $340 $20 $102 $936 $78
Accent GS 2-Dr Hatchback $180 $392 $340 $20 $102 $1,034 $86
Accent GLS 4-Dr Sedan $180 $462 $452 $26 $136 $1,256 $105
Accent SE 2-Dr Hatchback $206 $532 $340 $20 $102 $1,200 $100
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Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Price information does not factor in specific Plano garaging location which can influence prices considerably.

Comparison of policy deductibles

When buying car insurance, a common question is at what level do you set your deductibles. The figures shown below may help to conceptualize the differences in price between low and high policy deductibles. The first set of prices uses a $250 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.

Hyundai Accent insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accent Blue 2-Dr Hatchback $218 $408 $324 $20 $96 $1,091 $91
Accent GS 2-Dr Hatchback $256 $496 $324 $20 $96 $1,217 $101
Accent GLS 4-Dr Sedan $256 $584 $430 $26 $128 $1,449 $121
Accent SE 2-Dr Hatchback $294 $672 $324 $20 $96 $1,431 $119
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Hyundai Accent insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accent Blue 2-Dr Hatchback $136 $256 $324 $20 $96 $832 $69
Accent GS 2-Dr Hatchback $158 $312 $324 $20 $96 $910 $76
Accent GLS 4-Dr Sedan $158 $368 $430 $26 $128 $1,110 $93
Accent SE 2-Dr Hatchback $182 $424 $324 $20 $96 $1,046 $87
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Table data does not factor in garaging location in Plano which can increase or decrease rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you about $27 more each month or $324 annually than buying the higher $1,000 deductible. Since you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 28 months between claims, you would probably come out ahead going with the higher deductible.

The illustration below demonstrates how choosing different deductibles and can increase or decrease Hyundai Accent insurance prices for each age group. The prices are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

Difference between full coverage and liability only rates

The diagram below illustrates the comparison of Hyundai Accent insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no driving violations, no at-fault accidents, $500 deductibles, drivers are single, and no additional discounts are factored in.

When to eliminate full coverage

There is no clear-cut formula of when to drop physical damage insurance, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of the vehicle's replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let's assume your Hyundai Accent settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after the policy deductible has been paid. If it's costing in excess of $600 annually for your policy with full coverage, then it could be time to drop full coverage.

There are some conditions where dropping physical damage coverage is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you don't have enough money to buy a different vehicle in case of an accident, you should keep full coverage on your policy.

Get discounts on Plano insurance

Some companies don't always list their entire list of discounts very well, so the list below details both the well known in addition to some of the lesser obvious credits available to you.

  • Discount for Home Ownership - Owning a home in Plano can get you a discount because owning a home is proof of financial responsibility.
  • Professional Organizations - Participating in a qualifying organization could trigger savings on your policy.
  • Passive Restraints - Vehicles equipped with air bags can qualify for discounts up to 30%.
  • Pay Upfront and Save - If you pay your entire premium ahead of time rather than spreading payments over time you can avoid the installment charge.
  • Active Military Service - Being deployed in the military could mean lower premium rates.
  • Discount for Swiching Early - A few larger companies give discounts for signing up prior to the expiration date on your current Accent insurance policy. Ten percent is about the average savings.
  • Telematics Discount - Plano drivers who agree to allow their insurance company to track where and when they drive by using a telematic data system such as In-Drive from State Farm or Allstate's Drivewise system might see lower rates as long as the data is positive.
  • Driver's Ed - Reduce the cost of insurance for teen drivers by having them successfully take a driver's education course in high school.
  • One Accident Forgiven - Not a discount per se, but companies like Liberty Mutual, Allstate and State Farm may permit one accident before raising your premiums so long as you are claim-free prior to being involved in the accident.

Drivers should understand that most of the big mark downs will not be given to the entire policy premium. A few only apply to specific coverage prices like medical payments or collision. Even though the math looks like all the discounts add up to a free policy, it just doesn't work that way.

The information below illustrates the difference between Hyundai Accent yearly insurance costs with and without some available policy discounts. The information is based on a female driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, safe-driver, multi-car, multi-policy, and claim-free discounts applied.

A few popular companies and their offered discounts are shown below.

  • State Farm may include discounts for good student, anti-theft, driver's education, accident-free, and defensive driving training.
  • GEICO policyholders can earn discounts including federal employee, daytime running lights, anti-lock brakes, membership and employees, driver training, multi-policy, and seat belt use.
  • Progressive has discounts for multi-vehicle, online quote discount, multi-policy, online signing, homeowner, and good student.
  • 21st Century has savings for theft prevention, automatic seat belts, homeowners, 55 and older, defensive driver, anti-lock brakes, and air bags.
  • American Family may have discounts that include air bags, defensive driver, accident-free, mySafetyValet, and TimeAway discount.
  • The Hartford may offer discounts for defensive driver, anti-theft, vehicle fuel type, air bag, and good student.
  • AAA includes discounts for multi-policy, education and occupation, pay-in-full, good driver, AAA membership discount, and good student.

Before purchasing a policy, check with each company how you can save money. All car insurance discounts may not be available in Plano.

Exclusive or independent insurance agents

Certain consumers prefer to get professional advice from a licensed agent and doing so can bring peace of mind An additional benefit of getting online price quotes is that drivers can save money and get cheaper prices and still choose a local agent.

Find insurance agent in PlanoTo help locate an agent, after submitting this short form, your information is sent to participating agents in Plano who will give you quotes for your auto insurance coverage. It simplifies rate comparisons since you won't have to leave your house because prices are sent straight to your inbox. You can find the lowest rates without a big time investment. In the event you want to get a comparison quote from a specific insurance company, you would need to jump over to their website and fill out the quote form the provide.

Finding the right provider is decision based upon more than just the bottom line cost. Before buying a policy in Plano, get answers to these questions.

  • How will an accident affect your rates?
  • Does the quote include credit and driving reports?
  • Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
  • Which insurance company do they prefer to write with?
  • What is their Better Business Bureau rating?

Multiple types of auto insurance agents in Plano

When looking for a reliable agent, there are two different agency structures from which to choose. Plano agents are either independent (non-exclusive) or exclusive.

Exclusive Insurance Agents

Exclusive agents can only provide pricing for a single company and examples are Farmers Insurance, Allstate, or State Farm. These agents are not able to compare other company's rates so you might not find the best rates. Exclusive insurance agents receive a lot of sales training on their company's products which helps them sell insurance even at higher premiums. Many people purchase coverage from exclusives primarily because of the prominent brand name and strong financial ratings.

Shown below are exclusive insurance agents in Plano who can help you get price quotes.

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Independent Agents

Agents of this type are normally appointed by many insurers and that is an advantage because they can write policies through many companies enabling the ability to shop coverage around. If you are not satisfied with one company, the agent simply finds a different carrier which is easy for the insured. If you are trying to find cheaper rates, you should always include price quotes from a couple of independent agencies for the best price selection. They often place coverage with small mutual carriers which could offer lower prices.

Below is a list of independent insurance agents in Plano that can give you price quote information.

View more Plano agents

Cheaper coverage is out there

A few companies may not offer online quoting and usually these small, regional companies provide coverage only through independent agents. Discount Hyundai Accent insurance can be found on the web and from local agencies, and you should be comparing both to get a complete price analysis.

You just learned quite a bit of information on how to find cheap Hyundai Accent insurance in Plano. It's most important to understand that the more companies you get rates for, the more likely it is that you will get a better rate. You may even find the most savings is with a small local company.

People leave their current company for a number of reasons such as high prices, poor customer service, questionable increases in premium and even lack of trust in their agent. Regardless of your reason for switching companies, switching insurance companies can be easier than you think.

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