Locating cheaper insurance for a Hyundai Accent in Colorado could be a painful process, but you can use a few tricks to make it easier.
There is a better way to shop for car insurance so you’re going to learn the absolute fastest way to quote coverages for a new or used Hyundai and get the cheapest rates from Denver insurance agents and online providers.
Sad but true, the majority of drivers have purchased from the same company for more than four years, and almost half have never even shopped around for lower-cost coverage. Denver drivers could pocket roughly $600 a year by just shopping around, but they don’t believe how much savings they would realize if they changed companies.
You should take the time to do price comparisons periodically because insurance prices trend upward over time. Even if you think you had the lowest rates on Hyundai Accent insurance in Denver a few years ago you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because we’re going to show you the best methods to find better rates and still maintain coverage.
All major auto insurance companies make it easy to get prices online. Doing online price comparisons for Hyundai Accent insurance in Denver is easy for anyone as you simply type in your personal and coverage information into the form. Once you submit the form, the quote system orders information on your driving record and credit history and generates pricing information based on the information you submitted.
This makes comparing rates easy, and it is important to get many rate quotes in order to get the cheapest price on auto insurance.
In order to find out what other companies charge, visit the companies below or click here to submit a quote request to multiple companies at once. If you currently have coverage, we recommend you enter the coverages just like they are on your policy. Doing this assures you will receive a price comparison using the exact same coverages.
The providers in the list below provide comparison quotes in Denver, CO. If multiple companies are listed, it’s highly recommended you click on several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accent Blue 2-Dr Hatchback||$158||$298||$304||$18||$92||$870||$73|
|Accent GS 2-Dr Hatchback||$216||$420||$308||$18||$92||$1,054||$88|
|Accent GLS 4-Dr Sedan||$236||$538||$396||$24||$118||$1,312||$109|
|Accent SE 2-Dr Hatchback||$212||$566||$388||$22||$116||$1,304||$109|
|Get Your Own Custom Quote Go|
Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Premium costs do not factor in zip code location which can raise or lower coverage prices substantially.
Full coverage rates vs. liability-only in Denver
The chart below shows the difference between Hyundai Accent auto insurance costs with full coverage and liability only. The premiums are based on no claims or driving violations, $1,000 deductibles, single female driver, and no discounts are applied to the premium.
When to buy liability coverage only
There is no definitive guideline of when to exclude physical damage coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then you might consider buying liability only.
For example, let’s pretend your Hyundai Accent claim settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $6,000 after the policy deductible has been paid. If you are paying over $600 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.
There are some circumstances where only buying liability is not a good plan. If you haven’t paid off your loan, you have to keep full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not opt for liability only.
Impact of age and gender on car insurance rates
The diagram below shows the difference between Hyundai Accent yearly insurance costs for male and female drivers. The premiums assume no accidents, no driving violations, full physical damage coverage, $500 deductibles, single marital status, and no discounts are applied to the premium.
The information below illustrates how your choice of deductibles and can affect Hyundai Accent premium costs for different ages of insureds. The data assumes a married male driver, full coverage, and no other discounts are factored in.
Three good reasons to insure your Hyundai vehicle
Even though it’s not necessarily cheap to insure a Hyundai in Denver, insuring your vehicle is not optional due to several reasons.
- Just about all states have mandatory insurance requirements which means state laws require specific limits of liability protection in order to get the vehicle licensed. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you have a loan on your Hyundai Accent, it’s guaranteed your bank will force you to have full coverage to protect their interest in the vehicle. If the policy lapses, the lender may have to buy a policy to insure your Hyundai for a much higher rate and force you to pay a much higher amount than you were paying before.
- Insurance protects not only your car but also your financial assets. It will also cover hospital and medical expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, will also pay attorney fees if you are sued as the result of an accident. If damage is caused by hail or an accident, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.
The benefits of having insurance more than offset the price you pay, particularly when you have a large claim. On average, a vehicle owner in Denver overpays more than $865 each year so shop around at every renewal to make sure the price is not too high.
Learn How to Lower Your Insurance Premiums
An important part of buying insurance is that you know some of the things that help calculate your auto insurance rates. If you know what positively or negatively impacts your premiums, this allows you to make good choices that will entitle you to much lower annual insurance costs. Lots of things are taken into consideration when you quote your car insurance policy. Some factors are common sense like a motor vehicle report, although others are not as apparent such as whether you are married or your vehicle rating.
Shown below are some of the most rate-impacting factors used by insurance companies to determine your rate level.
The type of car makes a difference – The type of car you are trying to find cheaper insurance for makes a huge difference in how high your rates are. The best insurance prices tend to be for lower performance four cylinder passenger cars, but many other things help determine your insurance rates. Since the Hyundai Accent falls in the passenger car class, insurance will be similar in price or lower as compared to the average rate in Denver.
High physical damage deductibles cost less – Comprehensive and collision coverage deductibles are the amount of money you are willing to pay out-of-pocket before a claim is paid by your company. Physical damage coverage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. A few examples of covered claims would be a windshield broken by a bird, collision with a deer, and damage caused by road hazards. The larger the amount you’re willing to pay, the lower your rates will be.
Stay claim-free and lower premiums – Companies in Colorado generally give cheaper rates to policyholders who are claim-free. If you frequently file small claims, you can look forward to either policy cancellation or increased premiums. Auto insurance is intended for claims that pose a financial burden.
Having a spouse reduces risk – Having a spouse may cut your premiums when buying auto insurance. Having a significant other generally demonstrates drivers are more mature and responsible and insurance companies reward insureds because being married results in fewer claims.
Hyundai Accent insurance claim data – Companies take into consideration historical loss data for every vehicle when setting rates for each model. Vehicles that the data shows to have high amounts or severity of claims will have higher rates for specific coverages. The next table illustrates the collected loss data for Hyundai Accent vehicles.
For each policy coverage type, the loss probability for all vehicles, regardless of make, model or trim level, is considered to be 100. Values that are under 100 suggest losses that are better than average, while percentage numbers above 100 indicate more frequent claims or a tendency for losses to be larger than average.
Car Insurance Loss Data for Hyundai Accent Models
|Specific Hyundai Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Check for these discounts on Hyundai Accent insurance in Denver
Car insurance is neither fun to buy or cheap, but there could be significant discounts that could drop your premiums quite a bit. A few discounts will be applied at the time of quoting, but a few need to be manually applied before they will apply.
- Discounts for New Vehicles – Insuring a new Accent can be considerably cheaper compared to insuring an older model.
- Bundle and Save – If you have multiple policies with one company you could get a discount of over 10 percent off each policy depending on the company.
- Safety Course Discount – Passing a driver safety class can save you 5% or more depending on where you live.
- Memberships – Having an affiliation with qualifying clubs or civic groups could qualify you for a break on your next renewal.
- Driver’s Ed – It’s a good idea to have your young drivers enroll and complete driver’s education if offered at their school.
- ABS and Traction Control Discounts – Vehicles with ABS braking systems or traction control prevent accidents and earn discounts up to 10%.
- Include Life Insurance and Save – Some car insurance companies give a break if you buy life insurance from them.
Consumers should know that most discount credits are not given to your bottom line cost. Most only cut the cost of specific coverages such as comp or med pay. So even though you would think having all the discounts means you get insurance for free, nobody gets a free ride. Any qualifying discounts will bring down the amount you have to pay.
Car insurance companies that possibly offer some of the above discounts are:
Double check with every prospective company which discounts you qualify for. Some of the earlier mentioned discounts might not be offered on policies in Denver. If you would like to see a list of car insurance companies with significant discounts in Colorado, click this link.
When to have guidance from an agent
Some people still like to talk to a local agent and that is just fine! Insurance agents are highly skilled in risk management and help in the event of a claim. An additional benefit of comparing rate quotes online is the fact that you can find cheap car insurance rates and still have a local agent. Buying from and supporting local agencies is especially important in Denver.
For easy comparison, once you complete this form (opens in new window), your insurance coverage information is immediately sent to local insurance agents in Denver who will give you quotes for your business. You won’t even need to do any legwork because prices are sent to you. If you want to compare rates from a specific car insurance provider, you would need to find their quoting web page and submit a quote form there.
Finding the right insurance company should include more criteria than just a cheap price. The following questions are important to ask.
- Is the agent CPCU or CIC certified?
- Will they give you a referral list?
- Are they giving you every discount you deserve?
- Are they properly licensed to sell insurance in Colorado?
- How often do they review policy coverages?
Smart shoppers get results
When you buy Denver car insurance online, never reduce needed coverages to save money. In many instances, an accident victim reduced comprehensive coverage or liability limits only to regret that it was a big error on their part. The aim is to buy a smart amount of coverage at the best price while still protecting your assets.
Cheaper auto insurance in Denver is definitely available from both online companies as well as from insurance agents, and you should be comparing both in order to have the best chance of saving money. Some insurance providers do not offer price quotes online and many times these small, regional companies only sell coverage through local independent agents.
We just covered quite a bit of information on how to find affordable Hyundai Accent insurance in Denver. The key concept to understand is the more you quote Denver car insurance, the higher your chance of finding the cheapest Hyundai Accent rate quotes. You may even discover the lowest car insurance rates come from some of the lesser-known companies.
For more information, feel free to visit these articles:
- Steps to Take After an Auto Accident (Insurance Information Institute)
- How Much are Auto Insurance Rates for Drivers with Bad Credit in Denver? (FAQ)
- Who Has Cheap Car Insurance for High Risk Drivers in Denver? (FAQ)
- Who Has the Cheapest Denver Car Insurance for Young Drivers? (FAQ)
- Who Has Affordable Denver Auto Insurance for Active Military? (FAQ)
- Safety Belts FAQ (iihs.org)
- Auto Insurance Learning Center (State Farm)
- Child Safety FAQ (iihs.org)
- Avoiding Deer Collisions (Insurance Information Institute)