Cheapest Insurance for a Hyundai Tucson in Columbus

Hyundai Tucson insurance cost image courtesy of QuoteInspector.com

A recent NerdWallet.com study revealed that 70% of consumers have bought car insurance from the same company for well over three years, and almost half have never taken the time to shop around. Columbus consumers can save nearly 55% each year, but they just assume it's a time-consuming process to shop their coverage around.

It takes a little time, but the best way to get low-cost car insurance rates is to do a yearly price comparison from companies that sell auto insurance in Columbus. Rates can be compared by following these steps.

Step 1: Read about policy coverages and the things you can change to prevent expensive coverage. Many rating factors that result in higher prices like speeding tickets, careless driving and poor credit rating can be controlled by making minor driving habit or lifestyle changes. This article provides the details to help prevent costly coverage and get discounts that may be overlooked.

Step 2: Compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO and Allstate, while independent agencies can give you price quotes for many different companies. Click to view companies

Step 3: Compare the price quotes to your existing policy to see if a cheaper rate is available. If you can save money and buy the policy, ensure there is no coverage lapse between policies.

Step 4: Notify your current company to cancel your current car insurance policy. Submit any necessary down payment along with the completed application to your new agent or company. Be sure to keep your new proof of insurance certificate somewhere easily accessible.

One thing to remember is to use the same physical damage deductibles and liability limits on every quote and to quote with as many different insurance providers as possible. This ensures an apples-to-apples comparison and the best price selection.

Getting a cheaper price on insurance is actually quite simple. The only thing you need to do is spend a little time to get quotes from different insurance companies.

Online shopping is fast and free, and it replaces the need to waste gas driving to each insurance agency near you. Comparing Hyundai Tucson insurance rate quotes online makes this process obsolete unless you have a need for the professional assistance of a local agent. Some companies do allow you to get prices online but still have the advice of a local agent.

The companies in the list below can provide free quotes in Columbus, OH. If more than one company is shown, we recommend you click on several of them in order to get a fair rate comparison.

Facts and figures for Hyundai Tucson insurance

The rate information shown below showcases different insurance rates for Hyundai Tucson models. Learning as much as possible about how policy rates are determined is important for making smart choices when comparing insurance quotes.

Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Table data does not factor in the specific area where the vehicle is garaged which can impact auto insurance rates significantly.

Deductible comparison

When buying auto insurance, a common question is which deductibles should you choose. The rates shown below show how much more rates are when you buy lower versus higher policy deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second rate chart uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Prices do not factor in Columbus location which can increase or decrease coverage rates noticeably.

We can estimate from the data above that using a $250 deductible will cost you approximately $17 more each month or $204 annually across all Hyundai Tucson models than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 44 months between claims, you would probably be better off going with the higher deductible.

An important sidenote is that raising deductibles to save money results in a higher out-of-pocket expense when you have a claim. You must have enough disposable income in the event you need to pay more for the deductible.

Components of Your Hyundai Tucson Insurance Costs

One of the most helpful ways to save on car insurance is to to have a grasp of the different types of things that aid in calculating car insurance rates. When consumers understand what influences your rates, this allows you to make good choices that may reward you with better car insurance rates.

Shown below are some of the factors used by your company to calculate your prices.

• How's your driving record? - Even a single chargeable violation may increase your cost substantially. Attentive drivers pay less for auto insurance as compared to those with violations. Drivers who have gotten multiple violations like DUI or reckless driving are required to file a proof of financial responsibility form (SR-22) with their state's department of motor vehicles in order to continue driving.

  The example below shows how violations and at-fault claims drive up Hyundai Tucson yearly insurance costs for different age groups. The data is based on a married male driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.
• Bad credit hurts insurance prices - Having a bad credit score can be an important factor in your rate calculation. So if your credit rating is low, you could potentially save money when insuring your Hyundai Tucson by spending a little time repairing your credit. Insureds that have high credit scores tend to be better risks to insure than drivers who have poor credit scores.
• Get better rates if married - Being married may save some money compared to being single. Marriage means you're more mature and responsible and statistics show married drivers tend to have fewer serious accidents.
• Increase physical damage deductibles and save - Physical damage coverage, also known as collision and other-than-collision, insures against damage to your Hyundai. A few examples of covered claims are a broken side mirror, collision with an animal, and damage caused by flying debris. Physical damage deductibles state the amount of money you are willing to pay out-of-pocket if a covered claim is submitted. The more money you pay before a claim is paid (deductible), the better rate you will receive.
• Rental and towing coverage may not be needed - There are many optional add-on coverages that sound like a good idea at the time but may not be useful. Add-on coverages like replacement cost coverage, towing coverage, and extra life insurance coverage are some examples. The coverages may be enticing initially, but if you have no use for them remove them from your policy.

• Are females or males drivers cheaper? - Statistics demonstrate women are more cautious behind the wheel. It does not mean females are better at driving than males. Males and females are responsible for fender benders at about the same rate, but guys tend to have more serious accidents. Men also tend to have more aggressive citations like reckless driving and DUI.

  The illustration below illustrates the difference between Hyundai Tucson car insurance costs for male and female drivers. The data assumes no claims or violations, comp and collision included, $100 deductibles, marital status is single, and no discounts are taken into consideration.
• Is you employer costing you more? - Did you know that where you work can have an impact on rates? Occupations like judges, business owners, and dentists generally have higher premiums than the average policyholder due to high stress levels and lots of time spent away from family. Other careers such as farmers, historians and performers generally pay rates lower than average.
• Stay claim-free and save - If you file a lot of claims you should expect increased rates or even have your policy non-renewed. Auto insurance companies in Ohio generally give most affordable rates to drivers who are claim-free. Auto insurance is intended for the large, substantial claims.

• Insurance loss data for a Hyundai Tucson - Companies analyze claim trends for every vehicle when setting premium rates. Vehicles that historically have higher frequency or amount of claims will cost more for specific coverages.

  The table below outlines the loss history for Hyundai Tucson vehicles. For each type of coverage, the statistical loss for all vehicles, without regard to make or model, is considered to be 100. Numbers below 100 are indicative of better than average losses, while numbers above 100 point to more claims or a tendency for claims to be larger.

  Insurance Loss Ratings for Hyundai Tucson Vehicles

  Specific Hyundai Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Hyundai Tucson 4dr 2WD	80	96	66	108	110	101
  Hyundai Tucson 4dr 4WD	82	102	70	109	109	109

  BETTER

  AVERAGE

  WORSE

  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Auto insurance just makes sense

Despite the high insurance cost for a Hyundai Tucson in Columbus, auto insurance is not optional due to several reasons.

• Most states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability insurance if you want to drive legally. 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 vehicle has a loan, more than likely the lender will require that you buy full coverage to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the lender will be forced to insure your Hyundai at an extremely high rate and require you to fork over the higher price.
• Insurance safeguards both your car and your personal assets. It will also provide coverage for many types of medical costs for both you and anyone you injure as the result of an accident. Liability insurance also covers legal expenses in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will pay to repair the damage.

The benefits of insuring your car more than offset the price you pay, especially when you need to use it. But the average American driver overpays as much as $869 every year so compare rate quotes each time the policy renews to ensure rates are competitive.