If you want to save the most money, the best way to get the cheapest Hyundai Accent insurance in Cleveland is to compare prices once a year from different companies that sell auto insurance in Ohio. Prices can be compared by following these guidelines.
Step 1: Learn about individual coverages and the things you can control to prevent expensive coverage. Many policy risk factors that cause high rates such as getting speeding tickets and a negative credit history can be improved by being financially responsible and driving safely. Read the full article for the details to help find cheaper rates and find overlooked discounts.
Step 2: Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from a single company like GEICO or Allstate, while agents who are independent can provide rate quotes from multiple sources. Begin your rate comparison
Step 3: Compare the new rate quotes to your existing policy and see if there is a cheaper rate in Cleveland. If you can save some money and change companies, make sure coverage does not lapse between policies.
Step 4: Give notification to your current company of your intent to cancel your existing policy. Submit payment and a completed application for the new coverage. Be sure to place your new certificate verifying coverage in an easily accessible location.
One important bit of advice is to make sure you enter the same liability limits and deductibles on each price quote and and to get price estimates from as many carriers as you can. Doing this helps ensure a fair rate comparison and the best rate selection.
It’s a fact that insurance companies don’t want you to look for cheaper rates. Consumers who shop around for better prices are highly likely to move their business because of the high probability of finding a policy with more affordable rates. A recent car insurance study revealed that people who routinely compared rates saved an average of $70 a month as compared to drivers who never shopped around for cheaper prices.
If finding discount rates on auto insurance in Cleveland is the reason for your visit, then having some insight into the best way to compare insurance can save time, money, and frustration.
To get low cost Cleveland auto insurance quotes, there a variety of ways to get quotes from all the different companies. One of the best ways to lower the rate you pay for Hyundai Accent insurance is to get quotes online. It’s important to know that getting more free quotes will increase your chances of finding the best offered rates. Not every company does online rate quotes, so you should also compare price estimates from those companies as well.
The companies shown below have been selected to offer price comparisons in Ohio. If your goal is to find the best auto insurance in Cleveland, it’s highly recommended you visit as many as you can to get the best price comparison.
Insurance statistics and figures
The price information below covers estimates of coverage prices for Hyundai Accent models. Having insight into how premiums are determined can be of help when making smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $78 | $150 | $196 | $12 | $58 | $494 | $41 |
| Accent GS 2-Dr Hatchback | $92 | $182 | $196 | $12 | $58 | $540 | $45 |
| Accent GLS 4-Dr Sedan | $92 | $214 | $262 | $16 | $78 | $662 | $55 |
| Accent SE 2-Dr Hatchback | $106 | $248 | $196 | $12 | $58 | $620 | $52 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Rate information does not factor in Cleveland location which can alter insurance rates noticeably.
Higher deductibles lower rates
One of the hardest decisions when shopping for insurance is which comprehensive and collision deductibles to buy. The comparison tables below can help show the rate fluctuation between low and high policy deductibles. The first set of rates uses a $100 deductible for physical damage and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $146 | $290 | $192 | $12 | $58 | $723 | $60 |
| Accent GS 2-Dr Hatchback | $170 | $352 | $192 | $12 | $58 | $809 | $67 |
| Accent GLS 4-Dr Sedan | $170 | $416 | $256 | $16 | $76 | $959 | $80 |
| Accent SE 2-Dr Hatchback | $196 | $478 | $192 | $12 | $58 | $961 | $80 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $106 | $196 | $192 | $12 | $58 | $564 | $47 |
| Accent GS 2-Dr Hatchback | $124 | $238 | $192 | $12 | $58 | $624 | $52 |
| Accent GLS 4-Dr Sedan | $124 | $280 | $256 | $16 | $76 | $752 | $63 |
| Accent SE 2-Dr Hatchback | $142 | $324 | $192 | $12 | $58 | $728 | $61 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price estimates do not factor in specific location which can decrease or increase auto insurance rates greatly.
Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you about $16 more each month or $192 annually than requesting the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you normally average at a minimum 25 months between claims, you would probably be better off if you elect the higher deductible. Here’s how you can decide this on your own policy.
| Average monthly premium for $100 deductibles: | $72 |
| Average monthly premium for $500 deductibles (subtract): | – $56 |
| Monthly savings from raising deductible: | $16 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $16 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 25 months |
One important issue to know is that raising deductibles results in more money out-of-pocket when you have a physical damage claim. You need enough extra money in the event you need to pay the higher deductible.
The diagram below demonstrates how deductibles and can influence Hyundai Accent insurance prices for different age categories. The prices are based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.
Insurance is not optional in Ohio
Even though Cleveland Accent insurance rates can get expensive, insurance may be required and benefits you in several ways.
- Most states have compulsory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability coverage in order to be legal. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Accent has a lienholder, it’s most likely the lender will force you to have physical damage coverage to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank may insure your Hyundai at a more expensive rate and make you pay the higher premium.
- Insurance protects not only your Hyundai but also your financial assets. It will also cover medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage will also pay to defend you if you cause an accident and are sued. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of buying insurance more than cancel out the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver overpays more than $830 a year so it’s very important to do a rate comparison each time the policy renews to ensure rates are inline.
Different people need different insurance coverages
Keep in mind that when it comes to choosing proper insurance coverage, there is no perfect coverage plan. Your financial needs are unique.
These are some specific questions might help in determining whether or not you could use an agent’s help.
- When should I remove comp and collision on my Hyundai Accent?
- Will I be non-renewed for getting a DUI or other conviction?
- When should I have rental car coverage?
- Do I need to file an SR-22 for a DUI in Ohio?
- How much can I save by bundling my policies?
- Should I pay a claim out-of-pocket?
- Is my teenager covered with friends in the car?
- If my pet gets injured in an accident are they covered?
- Am I covered when driving a rental car?
- Is a fancy paint job covered?
If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form.
Auto insurance coverages and their meanings
Learning about specific coverages of your policy can help you determine the right coverages and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording.
Auto liability insurance
This protects you from injuries or damage you cause to people or other property in an accident. It protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined limit that pays claims from the same limit without having the split limit caps.
Liability can pay for things such as medical expenses, legal defense fees and medical services. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase higher limits if possible. Ohio requires drivers to carry at least 25/50/25 but drivers should carry more coverage.
The illustration below demonstrates why buying minimum limits may not provide adequate coverage.
Auto collision coverage
Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things like crashing into a building, damaging your car on a curb and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible on your Accent to save money on collision insurance.
UM/UIM Coverage
This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your Hyundai Accent.
Due to the fact that many Ohio drivers only purchase the least amount of liability that is required (25/50/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are set the same as your liability limits.
Medical costs insurance
Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for doctor visits, nursing services, ambulance fees and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage
Comprehensive or Other Than Collision
This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, damage from a tornado or hurricane, rock chips in glass, hitting a bird and hitting a deer. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Cheaper coverage is out there
More affordable insurance in Cleveland can be found both online and also from your neighborhood Cleveland agents, so you need to quote Cleveland auto insurance with both in order to have the best price selection to choose from. There are still a few companies who do not provide online quoting and most of the time these regional carriers only sell through independent agents.
As you prepare to switch companies, never buy poor coverage just to save money. There are too many instances where someone dropped liability coverage limits only to discover later that it was a big error on their part. The ultimate goal is to purchase plenty of coverage for the lowest cost while not skimping on critical coverages.
We just showed you some good ideas how to get a better price on Hyundai Accent insurance in Cleveland. The key thing to remember is the more you quote Cleveland auto insurance, the better chance you’ll have of finding the cheapest Hyundai Accent rate quotes. Consumers may even find the lowest premium rates come from a small local company.
More information is located below:
- State Car Insurance Guides (GEICO)
- Who Has the Cheapest Cleveland Auto Insurance for Active Military? (FAQ)
- Who Has Cheap Car Insurance Quotes for Business Use in Cleveland? (FAQ)
- Who Has Affordable Car Insurance Rates for Drivers with a DUI in Cleveland? (FAQ)
- Who Has Affordable Cleveland Auto Insurance Quotes for Low Income Drivers? (FAQ)
- Who Has Affordable Car Insurance for Drivers Over Age 60 in Cleveland? (FAQ)
- How Much are Cleveland Auto Insurance Quotes for a Toyota Corolla? (FAQ)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Should I Buy a New or Used Car? (Allstate)