Finding economical insurance for a Hyundai Santa Fe depends on a complicated formula that considers factors such as whether you are married, your credit rating, and if you have tickets or violations. Drivers pay around $989 a year for Santa Fe insurance, but that amount is an estimate calculated using a 40-year-old single female driver with full physical damage coverage and $250 deductibles.
But there is a good chance that you may not be 40 years old (or even female), married instead of single, or maybe you live in a different area as the quoted rates. Having just a slight change in rating variables could result in a significant change in the policy cost.
Everone’s needs are different, and this illustrates why the only real way to find the cheapest coverage for your Hyundai is to compare as many rates as you can. In just a few minutes you will be able to compare rates from the cheapest companies in Indiana.
The trim level of your Hyundai has an effect on the cost of insurance, so the rate you will pay to insure a Santa Fe GLS 2WD trim level will be $126 lower than the cost to insure the higher-priced Santa Fe Limited 4WD trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Santa Fe GLS 2WD||$182||$414||$364||$22||$110||$1,092||$91|
|Santa Fe GLS 4WD||$208||$414||$364||$22||$110||$1,118||$93|
|Santa Fe SE 2WD||$208||$414||$364||$22||$110||$1,118||$93|
|Santa Fe Limited 2WD||$208||$486||$364||$22||$110||$1,190||$99|
|Santa Fe SE 4WD||$208||$486||$364||$22||$110||$1,190||$99|
|Santa Fe Limited 4WD||$236||$486||$364||$22||$110||$1,218||$102|
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Information does not factor in garaging location in Fort Wayne which can change premiums significantly.
Finding out which companies offer the cheapest car insurance rates for a Hyundai Santa Fe requires a little more work than just comparing rates from one or two companies.
Each insurer used slightly different criteria to establish rates, so to begin we’ll rank the lowest cost car insurance companies in Fort Wayne, IN. It’s a good idea to know that Fort Wayne, IN car insurance rates are calculated based on many things that control the price of coverage. Improving your credit rating, marrying your spouse, or having an accident may prompt premium changes that can make some companies more affordable than others.
Find the Cheapest Auto Insurance for Your Hyundai
Travelers quotes some of the best car insurance rates in Fort Wayne at around $596 per year. This is $644 less than the average price paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual also make the cut as some of the cheapest Fort Wayne, IN auto insurance companies.
As shown in the table above, if you are a customer of Erie and switched to Travelers, you may see savings of around $116. Indiana drivers with Indiana Farmers Mutual may save as much as $245 a year, and The Hartford customers might reduce prices by as much as $267 a year.
To find out how much you can save, click here to get a free quote or quote prices from the following companies.
Remember that these policy rates are averages across all drivers and vehicles in Indiana and are not factoring in an exact location for a Hyundai Santa Fe. So the car insurance company that has the cheapest rates for you may not even be in the list above. That affirms the importance of why you need to quote rates from many companies using your own specific driver information and vehicle.
Should you buy full coverage?
Saving on car insurance is the goal of most vehicle owners, and one of the easiest ways to buy cheaper insurance for a Hyundai Santa Fe is to only pay for liability coverage. The diagram below compares car insurance rates with and without full coverage. The premium estimates are based on no tickets, no at-fault accidents, $500 deductibles, drivers are not married, and no discounts are factored in.
On average, full coverage on your policy costs $1,668 per year more than buying just liability insurance. At some point, about every driver wonders if full coverage is worth the money. There is no set rule to stop buying comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.
Are you paying too much for car insurance?
Indiana car insurance rates are calculated based on many things that may substantially change the cost of having a policy. Simply turning a year older, buying higher coverage limits, or getting a DUI may generate price changes that can now make some companies cheaper in comparison to the competition. Not only may things change on your end, but insurance companies modify rates every year to help ensure profitability. A period of increased losses may cause additional price hikes, while a profitable period can cause more affordable Santa Fe insurance rates.
To help illustrate this point, the graph below demonstrates which company has the cheapest car insurance in Fort Wayne, IN for a 35-year-old male driver with a clean driving record, no accidents, and a good credit rating. When quoting prices based on his current situation, Travelers may have the lowest car insurance rates in Fort Wayne at $634 each year. This is $606 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual are the remainder of the top five cheapest Fort Wayne, IN auto insurance companies.
Now we will give the driver in the first chart a couple of claims, a lower credit rating, and a traffic citation. Since each auto insurance company has a different formula to determining premium rates, comparing prices will most likely result in a significantly different list of companies as shown below.
The Hartford now has the cheapest rate in Fort Wayne, IN with Auto-Owners, Cincinnati Insurance, Nationwide, and USAA completing the list. This example shows why it is important to compare as many rates as possible when trying to get the lowest insurance quotes for a Hyundai Santa Fe. Insurance rates can be determined by many things and change dramatically, so the cheapest option the last time you shopped around may now be one of the higher cost companies.
The insurance agencies listed below can provide answers to your questions and help you determine which policy is best, since some people prefer to have professional advice when trying to find the best insurance rates for a Hyundai Santa Fe. It can be time-consuming to find coverage yourself, so agents can provide you satisfaction knowing you have sufficient protection if you have a claim.
To find an auto insurance agency close to where you live, click the button at the bottom.
Stewart Brimner Group
3702 Rupp Dr – Fort Wayne, IN 46815 – (260) 482-6900
Allstate Insurance: Keith Miller
4930 Illinois Rd Ste 1 – Fort Wayne, IN 46804 – (260) 434-0010
Allstate Insurance: Justin Harkelroad
8812 Coldwater Rd – Fort Wayne, IN 46825 – (260) 489-0156
Scott Robinson – State Farm Insurance Agent
4705 Illinois Rd Ste 100 – Fort Wayne, IN 46804 – (260) 744-3218
How to find the cheapest insurance for a Hyundai Santa Fe
It’s not impossible to find cheaper rates, and here are a few money-saving solutions that can help Indiana drivers quote low-cost car insurance.
- Accidents can significantly increase rates
- Save money by observing traffic laws and speed limits
- Home or renters coverage can save on auto insurance
- Maintaining good credit helps earn cheaper rates
- Raise deductibles
- Avoid filing excessive claims
- Ensure you have the best deal by shopping around regularly
The last tip in the list is incredibly vital, as we emphasized in this piece. Auto insurance prices can change significantly in a year, so you should be ready to buy a different policy if you can save money. Having a favorite company is fine, but is isn’t recommended if that devotion results in you overpaying major coinage every year. It only takes a couple minutes to shop around and find cheaper car insurance for a Hyundai Santa Fe in Fort Wayne.