When searching for cheaper insurance, are you frustrated by the dozens of car insurance providers that you can choose from? Colorado drivers have such a vast assortment of providers available that it can really be a ton of work to find better premium rates for Hyundai Sonata insurance in Denver. If you live there, you know that Denver is a great place to live, but finding the money to pay for car insurance makes it difficult to afford good insurance coverage.
A recent car insurance study revealed that almost 70% of drivers kept their coverage with the same car insurance company for at least the last four years, and 38% of customers have never compared rates with other companies. Colorado insurance shoppers can save hundreds of dollars each year just by shopping around, but most just don’t grasp the large savings they would see if they bought a different policy.
You need to get comparison quotes before your next renewal since prices change quite often. If you had the lowest price on Hyundai Sonata insurance in Denver a few years ago you can probably find a better rate quote now. There are lots of tips to save on Sonata insurance on the internet, but by reading this article, you’re going to learn some good information on how to buy car insurance cheaper in Denver.
Locating the most cost-effective car insurance policy in Denver is really quite easy. Just about every vehicle owner who is looking for cheaper car insurance will get better rates. But Colorado vehicle owners can benefit by having an understanding of how the larger insurance companies price online insurance and use it to your advantage.
When price shopping your coverage, comparing more rates from different companies helps you find a lower rate.
The following companies are our best choices to provide price quotes in Colorado. If the list has multiple companies, we recommend you get price quotes from several of them in order to find the cheapest rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $130 | $244 | $382 | $22 | $114 | $892 | $74 |
| Sonata GLS 4-Dr Sedan | $232 | $454 | $374 | $22 | $112 | $1,194 | $100 |
| Sonata GLS 4-Dr Sedan | $212 | $388 | $382 | $22 | $114 | $1,118 | $93 |
| Sonata SE 4-Dr Sedan | $220 | $434 | $396 | $24 | $118 | $1,192 | $99 |
| Sonata SE 4-Dr Sedan | $152 | $312 | $408 | $24 | $122 | $1,018 | $85 |
| Sonata Limited 4-Dr Sedan | $226 | $400 | $408 | $24 | $122 | $1,180 | $98 |
| Sonata Limited 4-Dr Sedan | $194 | $370 | $382 | $22 | $114 | $1,082 | $90 |
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Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Price estimates do not factor in specific garaging location which can increase or decrease premiums noticeably.
Comparison of policy deductibles
The diagram below highlights how deductible selection and can influence Hyundai Sonata insurance premiums for different categories of driver ages. The premiums are based on a single male driver, comprehensive and collision coverage, and no discounts are factored in.
Does it make sense to buy full coverage?
The information below illustrates the comparison of Hyundai Sonata premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The premiums assume no claims or violations, $250 deductibles, married female driver, and no discounts are taken into consideration.
When to switch to liability coverage only
There is no definitive rule for phasing out physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than around 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.
For example, let’s assume your Hyundai Sonata settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $3,000 after paying your policy deductible. If it’s costing in excess of $300 a year for full coverage, then you may want to consider only buying liability coverage.
There are some cases where dropping full coverage is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Special considerations
When buying a policy, there is no “perfect” insurance plan. Every situation is different.
For instance, these questions may help highlight if you might need an agent’s assistance.
- Am I better off with higher deductibles on my Hyundai Sonata?
- What if an uninsured driver hits me?
- How do I insure my teen driver?
- Is there coverage for injuries to my pets?
- Do I need special endorsements for business use of my vehicle?
- What discounts do I qualify for?
- Am I covered if I wreck a rental car?
If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form.
When should I have guidance from an insurance agency?
Some consumers just want to buy from a licensed agent and we recommend doing that One of the best bonuses of comparing insurance prices online is you can get the lowest rates but also keep your business local.
For easy comparison, once you complete this quick form, your insurance coverage information is instantly submitted to companies in Denver who will give you quotes for your insurance coverage. You won’t even need to leave your computer as quotes are delivered immediately to your email address. You can find better rates and work with a local agent. In the event you want to get a rate quote from a particular provider, don’t hesitate to find their quoting web page and fill out the quote form the provide.
Finding the right insurance company requires you to look at more than just a low price. Any agent in Denver should have no problem answering these questions:
- Do they have 24-hour customer assistance?
- Are you getting all the discounts the company offers?
- How is replacement cost determined on your vehicle?
- Do they regularly work with personal auto policies in Denver?
- Do they have designations such as AIC, CPCU, or CIC?
- Will the company cover a rental car if your car is getting fixed?
- Can you get a list of referrals?
- Do the coverages you’re quoting properly cover your vehicle?
When searching for a local Denver insurance agent, it’s important to understand the different agency structures and how they function. Agencies in Denver are considered either independent agents or exclusive agents.
Exclusive Insurance Agents
Exclusive insurance agents have only one company to place business with and some examples include AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot compare other company’s rates so you might not find the best rates. They are usually quite knowledgeable on the products they sell which helps offset the inability to provide other markets. Many people buy insurance from these agents primarily because of the brand rather than having the cheapest rates.
Below are Denver exclusive insurance agents who can help you get price quote information.
- Stephanie Sponder – State Farm Insurance Agent
671 E 19th Ave – Denver, CO 80203 – (303) 744-0757 – View Map - Todd Savage – State Farm Insurance Agent
2401 E 6th Ave – Denver, CO 80206 – (303) 722-1139 – View Map - Farmers Insurance – James Lundin
1490 N Lafayette St #302b – Denver, CO 80218 – (303) 433-4542 – View Map
Independent Car Insurance Agencies
Independent insurance agents do not sell for just one brand so they have the ability to put coverage with any number of different companies and find the cheapest rate. If they quote lower rates, your agent can just switch to a different company and you don’t have to switch agencies.
When comparing car insurance prices, we recommend you get rate quotes from several independent agencies for maximum quote selection. Most have the option of insuring with different regional companies which may provide better rates.
Shown below are Denver independent agents that can give you price quotes.
- Longevity Insurance Brokers
100 Fillmore St – Denver, CO 80206 – (720) 209-4598 – View Map - Henry Ham Agency, Inc
645 E Evans Ave – Denver, CO 80210 – (303) 744-1341 – View Map - Gonzalez Insurance Agency
6450 E Colfax Ave – Denver, CO 80220 – (303) 320-4901 – View Map