How Much Does 2023 Hyundai Kona Insurance Cost in 2024?

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Apr 26, 2024

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Finding the lowest cost insurance over the internet may be rather difficult for consumers that are relatively new to comparing rates and buying insurance on the web. With such a large choice of insurers to choose from, how are consumers expected to have time to compare every insurance company to find better insurance prices?

If you are paying for car insurance now, you should be able to reduce your rates substantially using these techniques. Locating cheaper coverage is quite easy. But vehicle owners should learn how insurance companies sell online and apply this information to your search.

How do insurers determine Hyundai Kona insurance costs?

A large part of saving on insurance coverage is knowing a few of the rating criteria that aid in calculating the rates you pay for insurance coverage. When you understand what impacts premium levels, this allows you to make educated decisions that could help you find lower insurance coverage prices.

The list below includes some of the most common factors used by your company to calculate your rate level.

  • Occupation reflects on premiums – Do you work in a high-stress field? Careers such as fire fighters, business owners and emergency personnel tend to have higher premiums than the average policyholder in part from high stress levels and extremely grueling work hours. On the other hand, careers like scientists, engineers and retirees have lower than average premiums on Kona insurance.
  • Youthful vs. older drivers – Mature drivers are more responsible, tend to file fewer claims , and usually have better credit. Inexperienced drivers are statistically shown to be easily distracted with other occupants in the car therefore insurance coverage rates are much higher.
  • Safer the car lower the rate – Cars with five star safety ratings cost less to insure. Vehicles engineered for safety protect occupants better and fewer serious injuries means less money paid by your insurance company which can mean better rates for you. If your Hyundai Kona is rated at a minimum four stars on you may pay a lower rate.
  • Low physical damage deductibles can be expensive – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your Hyundai. Some examples of claims that would be covered would be a dented fender, damage from fire, and windstorm damage. Comp and collision deductibles state the amount of money you are willing to pay if the claim is covered. The more expense the insured is willing to pay, the less your insurance coverage will be on Kona insurance.

Cheaper auto insurance rates with discounts

Not too many consumers would say auto insurance is affordable, but you might be missing out on some discounts that many people don’t even know exist. Some discounts apply automatically when you quote, but some may not be applied and must be requested specifically prior to getting the savings.

  • Defensive Driver Discount – Taking part in a class that teaches safe driver techniques could possibly earn you a 5% discount and also improve your driving technique.
  • ABS and Traction Control Discounts – Cars and trucks with ABS and/or traction control can reduce accidents and qualify for as much as a 10% discount.
  • Accident-Free Discounts – Drivers who stay claim-free pay less as opposed to accident-prone drivers.
  • Discounts for Federal Employees – Being employed by or retired from a federal job can save as much as 8% on Kona insurance with some auto insurance companies.
  • Multi-car Discount – Having multiple vehicles with one company may reduce the rate for each vehicle.
  • Air Bags and Passive Restraints – Cars that have air bags could see savings of up to 25% or more.
  • Multi-policy Discount – If you can combine your auto and homeowners policy with one insurance company you could earn a discount of approximately 10% to 15%.
  • Discounts for Cautious Drivers – Insureds without accidents may receive a discount up to 45% on Kona insurance as compared to drivers with claims.
  • Seat Belt Usage – Requiring all passengers to use a seat belt can save up to 10 percent (depending on the company) off PIP or medical payments premium.
  • New Vehicle Savings – Adding a new car to your policy can cost up to 25% less because newer vehicles are generally safer.

It’s important to note that most discount credits are not given to the whole policy. Some only apply to individual premiums such as comp or med pay. Even though the math looks like it’s possible to get free car insurance, auto insurance companies aren’t that generous.

A few of the larger companies and some of the discounts can be read below.

  • GEICO offers discounts for daytime running lights, multi-policy, defensive driver, anti-lock brakes, seat belt use, and federal employee.
  • USAA has discounts for multi-vehicle, safe driver, vehicle storage, family discount, and good student.
  • Progressive may offer discounts for multi-vehicle, continuous coverage, multi-policy, online quote discount, and online signing.
  • American Family may include discounts for TimeAway discount, air bags, early bird, Steer into Savings, and good driver.
  • Esurance policyholders can earn discounts including anti-lock brakes, paid-in-full, defensive driver, Pac-12 alumni, and online quote.
  • Farmers Insurance discounts include teen driver, business and professional, pay in full, homeowner, early shopping, mature driver, and switch companies.
  • State Farm offers discounts including multiple autos, driver’s education, passive restraint, anti-theft, safe vehicle, and Drive Safe & Save.

If you want the cheapest insurance coverage quotes, ask each company how you can save money. Savings may not apply to policies in your area. If you would like to view auto insurance companies that offer discounts, enter your zip code here.

Can you really save $494 a year?

Popular insurance providers such as GEICO, State Farm and Progressive endlessly run television and radio advertisements. They all make the point of big savings if you move your policy. How does every company charge lower premium rates? It’s all in the wording.

All companies offer their best rates for the type of driver that earns them the highest profit. For example, a driver they prefer might be over the age of 45, has had continuous coverage, and does not commute to work. A customer who matches those parameters will get low rates and will save if they switch.

Drivers who do not fit this stringent profile will have to pay higher prices which leads to the customer buying from someone else. The ad wording is “people that switch” but not “all drivers who get quotes” save that much when switching. This is how insurance companies can advertise the way they do.

Because of these techniques, it’s extremely important to get as many free insurance coverage quotes as possible. It’s just too difficult to predict which insurance company will give you the biggest savings.

Tailor your car insurance coverage to you

When it comes to buying adequate coverage, there is no “perfect” insurance plan. Everyone’s needs are different.

For instance, these questions can help discover if your situation might need an agent’s assistance.

  • Am I getting all the discounts available?
  • Can I make deliveries for my home business?
  • When do I need to add a new car to my policy?
  • What is medical payments coverage?
  • Does my insurance cover my expensive audio equipment?
  • Am I covered when driving in Canada or Mexico?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, complete your zip code.

Auto insurance coverage considerations

Understanding the coverages of auto insurance can be of help when determining the right coverages for your vehicles. Auto insurance terms can be ambiguous and nobody wants to actually read their policy.

Uninsured/Underinsured Motorist (UM/UIM) – This gives you protection when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Hyundai Kona.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these coverages are identical to your policy’s liability coverage.

Collision – This coverage covers damage to your Kona resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like crashing into a ditch, backing into a parked car, damaging your car on a curb and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Comprehensive insurance – This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as falling objects, theft and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage provide coverage for immediate expenses for things like chiropractic care, surgery, ambulance fees, X-ray expenses and doctor visits. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Liability insurance – Liability coverage will cover damage or injury you incur to people or other property in an accident. This coverage protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Another option is a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers things like loss of income, bail bonds and funeral expenses. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Take this to the bank

Cheaper insurance coverage can be bought online and also from your neighborhood agents, so you need to quote insurance coverage with both in order to have the best price selection to choose from. Some insurance coverage companies may not provide online quoting and many times these regional insurance providers sell through local independent agents.

As you restructure your insurance plan, make sure you don’t buy poor coverage just to save money. In many instances, an accident victim reduced full coverage only to regret that they should have had better coverage. The goal is to purchase plenty of coverage at an affordable rate, but don’t skip important coverages to save money.

Drivers switch companies for any number of reasons including extreme rates for teen drivers, lack of trust in their agent, questionable increases in premium or even not issuing a premium refund. It doesn’t matter why you want to switch finding a new company is easier than you think.

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