Did a good deal turn into overpriced Hyundai Sonata insurance in Honolulu? You're in good company because many Honolulu consumers feel financially strained by their auto insurance policy.
Unimaginable but true, nearly 70% of drivers kept their coverage with the same auto insurance company for more than four years, and about 40% of consumers have never compared rates with other companies. The average driver in Honolulu can save hundreds of dollars each year by just comparing rate quotes, but they don't want to spend time to go online and compare rates.
Many car insurance companies compete to insure your vehicles, and because of this it can be hard to compare auto insurance companies to discover the definitive lowest cost out there.
If you currently have auto insurance, you will surely be able to cut your premiums using the ideas you're about to read. Finding affordable auto insurance coverage in Honolulu is actually not that difficult if you follow our advice. Nevertheless, Hawaii car owners need to have an understanding of how insurance companies compete online because it can help you find the best coverage.
Keep in mind that making a lot of price comparisons gives you a better chance of getting a lower rate.
The auto insurance companies shown below offer free rate quotes in Hawaii. If the list has multiple companies, it's a good idea that you get rates from several of them to get the lowest price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sonata GLS 4-Dr Sedan||$176||$342||$282||$16||$84||$900||$75|
|Sonata GLS 4-Dr Sedan||$198||$338||$306||$18||$92||$952||$79|
|Sonata GLS 4-Dr Sedan||$252||$506||$404||$24||$120||$1,306||$109|
|Sonata SE 4-Dr Sedan||$198||$398||$306||$18||$92||$1,012||$84|
|Sonata SE 4-Dr Sedan||$98||$212||$282||$16||$84||$692||$58|
|Sonata Limited 4-Dr Sedan||$234||$446||$308||$18||$92||$1,098||$92|
|Sonata Limited 4-Dr Sedan||$188||$328||$300||$18||$90||$924||$77|
|Get Your Own Custom Quote Go|
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Estimates do not factor in garaging location in Honolulu which can raise or lower rates substantially.
Full coverage rates vs. liability-only in Honolulu
The chart below visualizes the comparison of Hyundai Sonata yearly insurance costs when comparing full coverage to state minimum liability only. Data assumes no claims or driving violations, $250 deductibles, married male driver, and no policy discounts are applied.
Should you pay for full coverage or liability only?
There is no set guideline to eliminate comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
For example, let's pretend your Hyundai Sonata replacement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $7,000 after paying your deductible. If premiums are more than $700 a year for your policy with full coverage, then it may be the right time to buy liability only.
There are some circumstances where only buying liability is not a good plan. If you haven't satisfied your loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not buy liability only.
Insurance agent or online?
Certain consumers still like to talk to a local agent and that is recommended in a lot of cases A good thing about comparing rate quotes online is the fact that you can find cheaper premium rates and also buy local. And buying from local insurance agencies is important especially in Honolulu.
After filling out this quick form, the coverage information is immediately sent to local insurance agents in Honolulu who will return price quotes and help you find cheaper coverage. You won't even need to visit any agencies due to the fact that quote results will go to you directly. You can most likely find cheaper rates and a licensed agent to work with. If for some reason you want to quote rates for a specific company, don't hesitate to navigate to their website to submit a rate quote request.
When searching for a reliable agent, it can be helpful to understand the different types of agents and how they can service your needs differently. Agencies in Honolulu can be categorized as either independent or exclusive depending on the company they work for.
Agents that choose to be independent are appointed with more than one company and that gives them the ability to insure through many companies and find you cheaper rates. If premiums increase, your policy is moved internally and the insured can keep the same agent.
If you need cheaper car insurance rates, you will want to get insurance quotes from independent agents to maximize your price options.
Featured below is a partial list of independent insurance agencies in Honolulu that can give you pricing information.
Exclusive Insurance Agencies
These type of agents can only write with one company and examples are State Farm, AAA, and Liberty Mutual. Exclusive agencies are unable to place coverage with different providers so they have no alternatives for high prices. Exclusive insurance agents are well trained on their company's products and that can be a competitive advantage.
The following are exclusive agents in Honolulu that are able to give rate quotes.
Finding the right insurance agent should include more criteria than just the bottom line cost. Agents should be asked these questions:
- Has the agent ever had any license suspensions?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Are claim adjusters local or do you have to take your car somewhere else?
- Which family members are covered?
- Do they prorate repair cost based on vehicle mileage?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Will they take your side in the event of a claim?
- Is the quote a firm price?
If you get acceptable answers to these questions and a good coverage price, most likely you have located a car insurance agent that meets the requirements to adequately provide car insurance.