Having to pay for overpriced auto insurance in Fort Wayne can take a big chunk out of your monthly budget and make it impossible to make ends meet. Performing a price comparison is an excellent way to tighten up your finances.
Smart shoppers know that car insurance companies want to keep you from shopping around. People who get price quotes annually will, in all likelihood, move their business because of the good chance of finding lower rate quotes. A survey found that consumers who compared rates annually saved about $865 annually compared to policyholders who don’t make a habit of comparing rates.
If saving money on Hyundai Accent insurance is the reason for your visit, then having some insight into how to find and compare car insurance can save time, money, and frustration.
Because there are so many different company options, it’s nearly impossible to find the best insurance company.
Discounts mean cheaper rates for Hyundai Accent insurance in Fort Wayne
Insuring your fleet can be pricey, but there are discounts available that many consumers don’t even know exist. Certain credits will be shown when you get a quote, but once in a while a discount must be asked about prior to getting the savings.
- Passive Restraints and Air Bags – Factory air bags and/or automatic seat belt systems can qualify for discounts of up to 25% or more.
- Organization Discounts – Having an affiliation with qualifying employment or professional organizations is a simple method to lower premiums when shopping for insurance.
- Low Mileage – Fewer annual miles on your Hyundai may allow you to get cheaper rates.
- Anti-lock Brake Discount – Cars and trucks with anti-lock braking systems are safer to drive and qualify for as much as a 10% discount.
- No Claim Discounts – Drivers who don’t have accidents pay much less compared to frequent claim filers.
- Service Members Pay Less – Being deployed in the military could qualify you for better prices.
A little disclaimer on discounts, most discounts do not apply to the entire cost. Most only apply to individual premiums such as liability, collision or medical payments. Even though it may seem like you can get free auto insurance, insurance companies aren’t that generous. Any qualifying discounts should definitely cut your policy premium.
The illustration below shows the comparison of Hyundai Accent yearly insurance costs with and without discounts. The premiums are based on a male driver, no claims or driving citations, Indiana state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, homeowner, multi-car, and multi-policy discounts applied.
Popular insurance companies and their possible discounts are:
- GEICO offers discounts for military active duty, emergency military deployment, membership and employees, defensive driver, daytime running lights, good student, and air bags.
- Auto-Owners Insurance has savings for teen driver, company car, air bags, good student, mature driver, and safe vehicle.
- American Family has discounts for multi-vehicle, early bird, air bags, mySafetyValet, good driver, and Steer into Savings.
- Esurance offers premium reductions for online quote, multi-car, online shopper, anti-lock brakes, Switch & Save, and homeowner.
- Progressive policyholders can earn discounts including good student, online signing, continuous coverage, online quote discount, multi-policy, multi-vehicle, and homeowner.
- State Farm includes discounts for safe vehicle, good student, defensive driving training, student away at school, multiple policy, good driver, and driver’s education.
- AAA may offer discounts for education and occupation, AAA membership discount, multi-policy, multi-car, good student, and good driver.
If you need affordable Hyundai Accent insurance quotes, ask all companies you are considering how you can save money. Discounts might not apply in every state. To locate providers that offer some of these discounts in Indiana, click here.
The majority of larger companies give coverage prices from their websites. Doing online quotes for Hyundai Accent insurance in Fort Wayne can be done by anyone because you just enter the amount of coverage you want as detailed in the form. When the form is submitted, the system gets your credit score and driving record and generates a price based on the data you entered. Being able to quote online for Hyundai Accent insurance in Fort Wayne helps simplify price comparisons, and it is important to compare as many rates as possible if you want to get cheaper car insurance pricing.
To quickly find out if lower rates are available, compare rates from the companies below. To compare your current rates, we recommend you copy your coverages exactly as they are listed on your policy. Doing this guarantees you will receive an apples-to-apples comparison for the exact same coverage.
The companies shown below have been selected to offer free rate quotes in Fort Wayne, IN. To locate the best cheap auto insurance in IN, it’s highly recommended you click on several of them to find the most competitive car insurance rates.
Hyundai Accent insurance coverage information
The table displayed below showcases estimates of coverage costs for Hyundai Accent models. Having a good understanding how rates are established can be useful when making decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $130 | $242 | $238 | $14 | $72 | $696 | $58 |
| Accent GS 2-Dr Hatchback | $154 | $294 | $238 | $14 | $72 | $772 | $64 |
| Accent GLS 4-Dr Sedan | $154 | $348 | $318 | $18 | $94 | $932 | $78 |
| Accent SE 2-Dr Hatchback | $176 | $400 | $238 | $14 | $72 | $900 | $75 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Price estimates do not factor in vehicle garaging location which can alter prices substantially.
Physical damage deductible comparison
When shopping for insurance, a common question is how high should the physical damage coverage deductibles be. The rates below may help to illustrate the difference in cost between high and low policy deductibles. The first data set uses a $250 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $162 | $300 | $238 | $14 | $72 | $811 | $68 |
| Accent GS 2-Dr Hatchback | $188 | $366 | $238 | $14 | $72 | $903 | $75 |
| Accent GLS 4-Dr Sedan | $188 | $430 | $318 | $18 | $94 | $1,073 | $89 |
| Accent SE 2-Dr Hatchback | $216 | $496 | $238 | $14 | $72 | $1,061 | $88 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $100 | $188 | $238 | $14 | $72 | $612 | $51 |
| Accent GS 2-Dr Hatchback | $116 | $230 | $238 | $14 | $72 | $670 | $56 |
| Accent GLS 4-Dr Sedan | $116 | $270 | $318 | $18 | $94 | $816 | $68 |
| Accent SE 2-Dr Hatchback | $134 | $312 | $238 | $14 | $72 | $770 | $64 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Estimates do not factor in Fort Wayne location which can alter auto insurance rates substantially.
Using the premium rates above, we can conclude that using a $250 deductible will cost you roughly $20 more each month or $240 a year than opting for the higher $1,000 deductible. Because you would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 38 months between claim filings, you would save more money if you elect the higher deductible.
Does it make sense to buy full coverage?
The example below visualizes the comparison of Hyundai Accent insurance premiums when comparing full coverage to state minimum liability only. The prices are based on no driving violations, no at-fault accidents, $250 deductibles, single marital status, and no policy discounts are applied.
When to drop comp and collision
There is no specific rule for dropping physical damage insurance, but there is a general guideline. If the yearly cost of comp and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
For example, let’s say your Hyundai Accent replacement cost is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $8,000 after paying your deductible. If premiums are more than $800 a year for full coverage, then it might be time to consider dropping full coverage.
There are a few cases where only buying liability is not financially feasible. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Insurance Price Influencing Factors
When buying car insurance it’s important to understand the different types of things that help determine the level of your policy premiums. If you have a feel for what determines premiums, this allows you to make educated decisions that will entitle you to lower rates.
Do you need those extra coverages? – There are a lot of additional extra coverages that may not really be needed on your car insurance policy. Things like rental car reimbursement, towing, and additional equipment coverage may be costing you every month. The coverages may be enticing when deciding what coverages you need, but if you don’t need them remove them and pocket the money.
Vehicles with better crash test results save money – Vehicles with good safety scores tend to have lower insurance rates. Vehicles built for safety have better occupant injury protection and fewer serious injuries means less money paid by your insurance company and thus lower rates. If your Hyundai is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.
Liability protection – The liability section of your policy is the coverage that protects you if you are found liable for an accident. Liability insurance provides for a legal defense to attempt to prove you were not liable. Liability is cheap compared to other policy coverages, so do not skimp.
Never let your coverage lapse – Letting your insurance expire can be a fast way to increase your renewal premiums. Not only will you pay more, the inability to provide proof of insurance might get you a license revocation or jail time.
Avoid tickets and save – Being a careful driver impacts premiums far more than you think. Attentive drivers get better rates than people who have multiple driving citations. Getting just one ticket can bump up the cost substantially. Drivers with flagrant violations such as DUI or willful reckless driving may be required to submit a SR-22 form with the DMV in their state in order to keep their license.
The example below illustrates how speeding tickets and at-fault fender-benders impact Hyundai Accent insurance costs for different age categories. The price estimates are based on a single male driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.
Insurance loss data for Hyundai Accent vehicles – Insurance companies analyze historical claim data to help determine rates. Vehicles that statistically have a trend towards higher claims will cost more for coverage. The table below shows the loss history for Hyundai Accent vehicles.
For each type of coverage, the claim probability for all vehicles compiled together equals 100. Percentage numbers below 100 indicate better than average losses, while values that are above 100 indicate more frequent losses or tendency to have higher losses.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Hyundai Accent | 98 | 109 | 89 | 129 | 129 | 133 |
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
When in doubt talk to an agent
When it comes to the right insurance coverage, there really is no one size fits all plan. Everyone’s situation is unique.
These are some specific questions can help discover if you will benefit from professional help.
- What is covered by UM/UIM coverage?
- Am I covered when driving in Canada or Mexico?
- I have good health insurance, so how much medical payments coverage do I need?
- When would I need rental car insurance?
- When does my teenage driver need to be added to my policy?
- Am I covered if I hit someone who is not insured?
- Do I have coverage when pulling a U-Haul trailer?
- How can I find cheaper teen driver insurance?
- Is upholstery damage covered by car insurance?
If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form.
Local Fort Wayne insurance agencies
Certain consumers just want to sit down with an agent and that can be a smart move One of the benefits of comparing rates online is you may find cheap rate quotes and still buy from a local agent.
By using this short form, your insurance coverage information is emailed to agents in your area who will gladly provide quotes to get your business. There is no need to drive around because prices are sent to you directly. Get lower rates AND a local agent. If you wish to get a comparison quote from a specific auto insurance provider, you just need to find their quoting web page to submit a rate quote request.
Finding the right insurance company should include more criteria than just the quoted price. The following questions are important to ask.
- If they are an independent agency in Fort Wayne, which companies do they recommend?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Do they offer rental car reimbursement?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Are they actively involved in the community?
When narrowing the list to find a reliable insurance agent, it’s important to understand the different types of agents and how they can service your needs differently. Insurance agencies in Fort Wayne may be either exclusive or independent.
Exclusive Insurance Agencies
Agents of this type can only place business with one company like State Farm, Allstate and AAA. Exclusive agents are unable to give you multiple price quotes so always compare other rates. Exclusive insurance agents are well trained on what they offer which helps offset the inability to provide other markets.
Below are exclusive insurance agents in Fort Wayne that are able to give comparison quotes.
Allstate Insurance: Jay Raj
702 W Coliseum Blvd d – Fort Wayne, IN 46808 – (260) 484-5577 – View Map
Connie Stickler – State Farm Insurance Agent
7105 Old Trail Rd – Fort Wayne, IN 46809 – (260) 747-2626 – View Map
Terry Anderson – State Farm Insurance Agent
5668 St Joe Rd – Fort Wayne, IN 46835 – (260) 486-8663 – View Map
Independent Agencies or Brokers
Agents that elect to be independent are not employed by any specific company and that allows them to write policies through many companies and find the cheapest auto insurance rates. If premiums increase, your policy is moved internally and you don’t have to switch agencies.
If you are trying to find cheaper rates, we highly recommend that you compare quotes from at least one independent agent to have the most options to choose from.
Shown below are Fort Wayne independent agencies that can give you price quote information.
InsureOne Insurance Agency
3213 E State Blvd – Fort Wayne, IN 46805 – (260) 216-0024 – View Map
Imel Insurance
2700 Lower Huntington Rd – Fort Wayne, IN 46809 – (260) 747-6186 – View Map
GMI Insurance
6110 Bluffton Rd #110 – Fort Wayne, IN 46809 – (260) 478-9405 – View Map
It may be expensive, but it’s not optional
Despite the high cost of buying insurance for a Hyundai Accent in Fort Wayne, car insurance is required by state law in Indiana and it also provides benefits you may not be aware of.
- Most states have minimum mandated liability insurance limits which means you are required to carry specific minimum amounts of liability protection if you want to drive legally. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Hyundai Accent has a lienholder, most banks will make it mandatory that you have full coverage to protect their interest in the vehicle. If you let the policy lapse, the bank or lender will purchase a policy for your Hyundai for a much higher rate and force you to pay the higher premium.
- Car insurance preserves both your Hyundai and your assets. It will also cover many types of medical costs for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, also covers legal expenses if you cause an accident and are sued. If damage is caused by hail or an accident, your policy will pay to repair the damage minus the deductible amount.
The benefits of buying car insurance are definitely more than the cost, especially if you ever need it. As of last year, the average driver in Indiana is overpaying over $855 a year so it’s recommended you shop around at least once a year to save money.
Cheap rates are available
In this article, we presented a lot of ways to save on Hyundai Accent insurance in Fort Wayne. The most important thing to understand is the more providers you compare, the higher the chance of saving money. Consumers could even find that the lowest premium rates come from some of the smallest insurance companies.
Drivers change insurance companies for many reasons like poor customer service, lack of trust in their agent, questionable increases in premium or delays in responding to claim requests. Whatever your reason, finding the right auto insurance provider is pretty easy and you might even save some money in the process.
As you go through the steps to switch your coverage, it’s a bad idea to buy less coverage just to save a little money. In many cases, drivers have reduced liability limits or collision coverage and discovered at claim time that they should have had better coverage. Your goal is to get the best coverage possible at the best cost but still have enough coverage for asset protection.
How to find cheaper rates for Hyundai Accent insurance in Fort Wayne
If saving money is your primary concern, then the best way to find low-cost prices for Hyundai Accent insurance is to start comparing rates regularly from companies who can sell car insurance in Fort Wayne. This can be done by following these steps.
- Get a basic knowledge of how insurance works and the steps you can take to keep rates in check. Many rating criteria that cause high rates such as careless driving and an unacceptable credit history can be rectified by making minor changes to your lifestyle.
- Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from a single company like Progressive and State Farm, while independent agencies can provide price quotes from multiple companies.
- Compare the new quotes to your current policy to see if a cheaper rate is available. If you find a lower rate and buy the policy, make sure coverage is continuous and does not lapse.
- Give proper notification to your current agent or company to cancel your current car insurance policy. Submit payment and a completed application to your new insurance company. Once the application is submitted, keep your new proof of insurance certificate in your vehicle.
An important note is to compare similar coverage information on each price quote and to quote with as many carriers as you can. This guarantees the most accurate price comparison and a thorough selection of prices.
More information
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Who Has Affordable Fort Wayne Auto Insurance for College Students? (FAQ)
- How Much are Car Insurance Quotes for Real Estate Agents in Fort Wayne? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for High School Students in Fort Wayne? (FAQ)
- Eight Auto Insurance Myths (Insurance Information Institute)
- Distracted Driving (Insurance Information Institute)
- Auto Insurance FAQ (Farmers Insurance)