Buying cheaper car insurance for a Hyundai Santa Fe in Texas is pretty simple for most people to do, but it hinges on a complex formula that considers things such as your marital status, your credit status, and driving violations. Drivers in Texas pay approximately $1,056 each year for Santa Fe insurance, but that amount is an estimate based on a 40-year-old single female driver with full coverage and $1,000 deductibles.
More likely than not, you aren’t exactly 40 years old or even a female, married instead of single, or maybe you don’t qualify for the same discounts. Different coverage needs are the reason why the only way to find cheap insurance prices for your Hyundai is to do the rate comparisons yourself.
The specific trim level tends to have a direct impact on the cost of coverage, so the rate you will pay to insure a Santa Fe GLS 2WD model will be $110 less than the insurance cost for the high end 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||$152||$352||$496||$30||$148||$1,178||$98|
|Santa Fe GLS 4WD||$174||$352||$496||$30||$148||$1,200||$100|
|Santa Fe SE 2WD||$174||$352||$496||$30||$148||$1,200||$100|
|Santa Fe Limited 2WD||$174||$416||$496||$30||$148||$1,264||$105|
|Santa Fe SE 4WD||$174||$416||$496||$30||$148||$1,264||$105|
|Santa Fe Limited 4WD||$198||$416||$496||$30||$148||$1,288||$107|
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Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Premium costs do not factor in specific zip code location which can change coverage rates noticeably.
Picking the top auto insurance company can be challenging considering how many companies sell coverage in Arlington. The company rank data in the next section may help you pick which providers you want to consider shopping prices with. These rankings are for insurance companies that insure vehicles in the majority of U.S. states, so companies with more of a regional focus are not taken into consideration for this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Full coverage rates vs. liability-only
Reducing the cost of auto insurance is probably important to most people, and a good way to reduce the cost of insurance for a Hyundai Santa Fe is to not pay for full coverage. The chart below shows the comparison of annual premium costs when comparing full coverage to liability only. The data assumes no accidents or driving violations, $100 deductibles, marital status is single, and no policy discounts are applied.
Averaged for all ages 20 through 70, physical damage insurance costs an additional $2,785 per year over and above liability coverage. That proposes the question if it’s a good idea to buy full coverage. There is no definitive formula for eliminating comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is about 10% or more of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s say your vehicle’s claim settlement value is $11,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $10,000 after the deductible is paid. If you are paying more than $1,000 a year for full coverage, then it’s probably a good time to buy liability coverage only.
Impact of careless driving on Arlington auto insurance rates
One of the best ways to receive the best auto insurance premiums in Arlington for a Santa Fe is to drive attentively and avoid accidents and traffic violations. The example below shows how traffic citations and accident claims impact insurance costs for different age groups. The data is based on a married male driver, full physical damage coverage, $100 deductibles, and no other discounts are factored in.
The data above shows the average cost of car insurance in Texas per year with no violations or accidents is $2,424. Add in two speeding tickets and the average cost rises to $3,362, an increase of $938 each year. Now include one accident along with the two speeding tickets and the yearly cost of auto insurance for a Hyundai Santa Fe increases to an average of $4,308. That’s an increase of $1,884, or $157 per month, just for not driving responsibly!
Comparing rates on Santa Fe insurance can save you money
Texas auto insurance rates are determined by lots of factors that can increase the cost of your policy. Getting older, buying a new vehicle, or having an at-fault accident may cause policy rate changes that can now make some companies cheaper than competitors. Additionally, auto insurance companies amend pricing as needed to adjust for unexpected claims or profits. An unexpected high level of claims may cause high rates, while better underwriting may result in more affordable Santa Fe insurance rates.
For example, the chart below shows the companies that have the cheapest car insurance in Arlington, TX for a 45-year-old male driver with no accidents or violations, and a high credit rating. Based on his current situation, Travelers offers the best car insurance rates in Arlington at $1,126 per year. This is $778 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remaining top five cheapest Arlington, TX auto insurance companies.
The example below compares rates after we give the driver from the first example some claims, a lower credit rating, and an imperfect driving record. Because each company uses their own method to set policy rates, comparing insurance quotes may now result in a different list of affordable Arlington car insurance companies as shown below.
State Farm now has the cheapest car insurance in Arlington with Mercury, USAA, Nationwide, and Safe Auto now being in the top five. This demonstrates why it is important to take the time to shop around when trying to find the lowest auto insurance quotes for a Hyundai Santa Fe.
Prices consist of many different factors and can change without notice, so the most economical company six months ago may now be an over-priced policy.
How to find budget-friendly car insurance for a Hyundai Santa Fe
It is possible to find better rates, and here are some of the recommended thrifty solutions that can help drivers locate cheap coverage.
- Drop full coverage on older vehicles
- Increase your comprehensive and collision deductibles
- Too many claims can make car insurance unaffordable
- Be a safe driver
- Remain accident-free and save
- Compare rate quotes often
The last tip in the list is very significant, as was pointed out in the prior article. Car insurance rates in Arlington vary considerably, so you should be ready to buy a policy from a new company if you can save money.
Many consumers stick with the same company and that’s fine, but is isn’t recommended if your bullheadedness ends up costing you a lot of money. Take a few minutes and compare rates to find cheaper auto insurance for a Hyundai Santa Fe.
The professional agents shown below can probably help you make a decision which auto insurance coverages would be the best in your situation, since some drivers wish to have the advice of a professional agent when comparing insurance rates for a Hyundai Santa Fe. It can be time-consuming to find the best rates on your own, and insurance agents licensed in the state of Texas can add comfort knowing your policy gives you adequate protection in the event of a claim.
To find an Arlington insurance agency using an interactive map, click the button link following the list.
- Samantha Nguyen-Le – State Farm Insurance Agent
3415 S Collins St #107 – Arlington, TX 76014 – (817) 466-3000
- Nationwide Insurance: Comparable Insurance Agency Inc
1700 E Pioneer Pkwy Ste 190 – Arlington, TX 76010 – (817) 460-8899
- Business Insurance Tech
1807 W Park Row Dr B – Arlington, TX 76013 – (817) 261-5571
- Billy Rhodes – State Farm® Insurance Agent
4621 S Cooper St #119 – Arlington, TX 76017 – (817) 557-1222
- Randy McCoy – State Farm Insurance Agent
1730 W Randol Mill Rd #160 – Arlington, TX 76012 – (817) 274-1324