Hyundai Genesis Insurance Rate Quotes in Irvine

It’s safe to conclude that car insurance companies don’t want customers comparing rates. Insureds who get comparison quotes at least once a year will most likely move their business because the odds are good of finding a cheaper policy. Remarkably, a study showed that people who compared rates annually saved $3,500 over four years as compared to drivers who never shopped for cheaper rates.

If finding the cheapest rates on insurance in Irvine is your objective, then learning about how to compare insurance can help you succeed in finding affordable rates.

Insurance rates Hyundai Genesis in IrvineIt takes a few minutes, but the best way to get more affordable Hyundai Genesis insurance in Irvine is to start doing an annual price comparison from insurance carriers that insure vehicles in California. This can be done by following these guidelines.

Step 1: Read and learn about how companies set rates and the changes you can make to prevent rate increases. Many rating factors that result in higher prices such as inattentive driving and a less-than-favorable credit score can be improved by making minor driving habit or lifestyle changes. This article gives instructions to prevent expensive rate increases and find additional discounts.

Step 2: Request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from one company like Progressive or Allstate, while independent agents can provide price quotes for a wide range of companies.

Step 3: Compare the price quotes to your existing policy and determine if cheaper Genesis coverage is available in Irvine. If you find a lower rate and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

A good piece of advice is that you’ll want to make sure you compare identical deductibles and limits on each price quote and and to compare as many companies as feasibly possible. Doing this provides a fair price comparison and and a good selection of different prices.

Insurance Price Influencing Factors

Many factors are part of the calculation when you get your auto insurance bill. A few of the factors are predictable such as traffic violations, but some are less apparent like your vehicle usage and annual miles driven.

Cheaper to insure women? – Over the last 50 years, statistics have shown that women are safer drivers than men. The data does not necessarily mean that females are better drivers. Men and women are in fender benders in similar numbers, but the men tend to have higher claims. Not only that, but men also get more serious tickets like DWI (DUI) or reckless driving. Young males cause the most accidents and therefore are the most expensive to insure.

The chart below illustrates the difference between Hyundai Genesis insurance rates for male and female drivers. The rates are based on no driving violations, no at-fault accidents, full coverage, $100 deductibles, single status, and no policy discounts are applied.

Qualify for multi-policy discounts – Many insurance companies apply discounts to people who consolidate policies with them. It’s known as a multi-policy discount. Even if you qualify for this discount already, it’s in your best interest to shop around to help ensure you have the lowest rates. It’s possible to still save even more even if you have your coverage with different companies

Poor driving means higher prices – Your driving record has a lot to do with how much you pay for insurance. Just one speeding ticket could increase your next policy renewal to the point where it’s not affordable. Attentive drivers receive lower rates compared to bad drivers. Drivers unfortunate enough to have serious citations such as reckless driving, hit and run or driving under the influence may find that they have to to submit a SR-22 form with their state motor vehicle department in order to continue driving.

The illustration below shows how violations and fender-benders can impact Hyundai Genesis insurance costs for different age groups of insureds. The data is based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.

Avoid unnecessary extra policy coverages – There are quite a few extra coverages that you can buy if you aren’t careful. Insurance for rental car coverage, towing coverage, and additional equipment coverage may be wasting your money. The coverages may be enticing when talking to your agent, but now you might not need them so get rid of them and save.

Annual miles is a factor – Driving a lot of miles every year the more you’ll pay to insure it. Most insurance companies charge rates based upon how much you drive. Cars and trucks that have low annual miles get more affordable rates than those used for commuting. Improper usage on your Genesis can result in significantly higher rates. It’s a smart idea to ensure your auto insurance policy reflects how each vehicle is driven.

What type of car do you drive? – The make and model of the car you are trying to find cheaper insurance for makes a significant difference in your car insurance bill. The cheapest rates will generally be found on lower performance four cylinder passenger models, but the final cost of insurance is determined by many other factors.

The following chart uses these assumptions: single male driver age 20, full coverage with $250 deductibles, and no discounts or violations. It illustrates Hyundai Genesis insurance premiums compared to other makes and models that have a range of performances.

Loss probability for a Hyundai Genesis – Insurance companies analyze past claim statistics to help determine rates. Models that the statistics show to have higher losses will have higher rates. The next table illustrates the historical loss data for Hyundai Genesis vehicles.

For each type of coverage, the claim probability for all vehicles, regardless of manufacturer or model, is equal to 100. Numbers below 100 suggest losses that are better than average, while values over 100 indicate a higher chance of having a claim or an increased chance of larger losses than average.

Insurance Loss Ratings for Hyundai Genesis Vehicles
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Genesis 178 122 117 119 103 117
Hyundai Genesis 4dr 154 71 154 85 99

Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Auto insurance statistics and figures

The coverage table shown next showcases detailed analysis of policy rates for Hyundai Genesis models. Learning how insurance prices are established can assist in making smart choices when selecting a coverage provider.

Hyundai Genesis Insurance Rates in Irvine, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Genesis 2.0T 2-Dr Coupe $370 $960 $624 $36 $186 $2,176 $181
Genesis 3.8 4-Dr Sedan $412 $834 $424 $26 $128 $1,824 $152
Genesis 2.0T Premium 2-Dr Coupe $412 $960 $624 $36 $186 $2,218 $185
Genesis 3.8 2-Dr Coupe $412 $960 $624 $36 $186 $2,218 $185
Genesis 2.0T Track 2-Dr Coupe $412 $960 $624 $36 $186 $2,218 $185
Genesis 3.8 Grand Touring 2-Dr Coupe $412 $960 $624 $36 $186 $2,218 $185
Genesis 4.6 4-Dr Sedan $412 $960 $424 $26 $128 $1,950 $163
Genesis 3.8 Track 2-Dr Coupe $412 $1086 $624 $36 $186 $2,344 $195
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in garaging location in Irvine which can impact premiums noticeably.

Auto insurance discounts are available to cut your rates

Companies don’t always publicize every policy discount in a way that’s easy to find, so we researched both well-publicized and the more hidden discounts that may be available. If you check and find you aren’t receiving every discount you deserve, you’re paying more than you need to.Cheaper auto insurance with discounts

Consumers should know that some credits don’t apply to the entire cost. Most cut the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears having all the discounts means you get insurance for free, you won’t be that lucky.

The chart below compares Hyundai Genesis insurance costs with and without discounts applied to the rates. The costs are based on a female driver, no claims or violations, California state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, homeowner, multi-policy, safe-driver, and multi-car discounts applied.

To see a list of companies with discount rates in Irvine, click this link.

Best auto insurance in California

Finding the best car insurance company is hard considering how many different insurance companies sell coverage in California. The company ratings shown below can help you choose which car insurance providers you want to consider when comparing rate quotes.

Top Auto Insurance Companies in Irvine
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
AAA of Southern California 91 94 97 92% A+ 94.1
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Mercury Insurance 88 91 90 85% A+ 89.4
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Best Car Insurance Companies

Do the work, save more money

Budget-conscious Hyundai Genesis insurance can be bought both online in addition to many Irvine insurance agents, and you need to price shop both so you have a total pricing picture. There are still a few companies who may not offer price quotes online and these smaller companies only sell through local independent agents.

People who switch companies do it for a variety of reasons including denial of a claim, high prices, delays in responding to claim requests and policy non-renewal. Regardless of your reason for switching companies, finding the right car insurance provider can be less work than you think.

As you restructure your insurance plan, never skimp on coverage in order to save money. There have been many cases where someone dropped comprehensive coverage or liability limits and learned later they didn’t have enough coverage. The aim is to purchase plenty of coverage at the lowest possible cost while still protecting your assets.

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