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.
It 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.
| 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.
| 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.
- Switch and Save Discount – A few auto insurance companies allow discounts for renewing your policy early. This discount can save up to 10%.
- Discounts for Good Drivers – Safe drivers can save up to 40% or more on their Irvine auto insurance quote as compared to drivers with claims.
- Anti-lock Brake Discount – Anti-lock brake equipped vehicles can reduce accidents and the ABS can save up to 10%.
- Defensive Driving Course – Passing a defensive driver course can save you 5% or more and also improve your driving technique.
- Mature Driver Discount – Drivers over the age of 55 can possibly qualify for a small discount on rates.
- Passive Restraint Discount – Vehicles with factory air bags may get savings of more than 20%.
- Accident Waiver – Not necessarily a discount, but some companies like Progressive, State Farm and GEICO allow you one accident without the usual rate increase so long as you haven’t had any claims for a set time period.
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.
| 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: Insure.com 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.
More learning opportunities
- Determining Auto Insurance Rates (GEICO)
- How Much are Car Insurance Rates for Drivers Over Age 60 in Irvine? (FAQ)
- Who Has Cheap Irvine Auto Insurance for Ride Shares? (FAQ)
- How Much are Irvine Car Insurance Quotes for Unemployed Drivers? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for 16 Year Olds in Irvine? (FAQ)
- Who Has the Cheapest Irvine Auto Insurance for Drivers with a Bad Driving Record? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Hybrid Vehicles in Irvine? (FAQ)
- Five Mistakes to Avoid (Insurance Information Institute)
- How Much Auto Coverage do I Need? (Insurance Information Institute)