Finding budget Laredo Hyundai Santa Fe insurance quotes over the internet might appear rather challenging for beginners to comparing prices over the internet. With such a large number of agents and companies, how can Laredo drivers even start to compare every company in order to find lower car insurance premiums?
How to buy cheaper Hyundai Santa Fe insurance in Laredo
If saving money is your primary concern, then the best way to get cheaper auto insurance rates in Laredo is to make a habit of comparing prices annually from different companies who provide auto insurance in Texas.
- First, spend a few minutes and learn about auto insurance and the steps you can take to keep rates low. Many rating factors that are responsible for high rates like tickets, at-fault accidents, and your credit history can be rectified by making lifestyle changes or driving safer. This article provides more details to get low prices and find additional discounts.
- Second, compare rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes for a wide range of insurance providers.
- Third, compare the new rate quotes to the premium of your current policy and see if you can save money. If you can save money, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Fourth, provide adequate notice to your current company of your decision to cancel your current car insurance policy. Submit the required down payment along with the signed application for your new policy. Once coverage is bound, safely store the proof of insurance paperwork in your glove compartment.
An important bit of advice to remember is to try to use the same liability limits and deductibles on every quote request and and to get prices from as many carriers as you can. Doing this provides a fair price comparison and the best price quote selection.
Anyone knows that car insurance companies want to keep you from comparing rates. Insureds who shop around at least once a year will most likely move their business because the odds are good of finding a more affordable policy. A recent survey found that consumers who routinely compared quotes saved as much as $3,450 over four years compared to drivers who never shopped around.
If finding budget-friendly rates on Hyundai Santa Fe insurance in Laredo is why you’re here, then having some insight into how to find and compare coverage rates can make it easier to find better rates.
When quoting car insurance, remember that having more price comparisons gives you a better chance of getting more affordable insurance. Not every company provides online Laredo Santa Fe insurance quotes, so it’s recommended that you also compare price quotes from those companies as well.
The companies shown below have been selected to offer free quotes in Texas. To buy cheap auto insurance in Laredo, TX, we suggest you get price quotes from several of them to get the best price comparison.
Three reasons to not skimp on car insurance
Even though it’s not necessarily cheap to insure a Hyundai in Laredo, insurance is mandatory in Texas but it also protects more than you think.
First, almost all states have mandatory insurance requirements which means you are required to carry specific minimum amounts of liability insurance in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if your Santa Fe has a loan, most lenders will make it a condition of the loan that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank may buy a policy for your Hyundai at a much higher premium rate and force you to pay much more than you were paying before.
Third, insurance safeguards not only your Hyundai Santa Fe but also your assets. It will also reimburse you for hospital and medical expenses that are the result of an accident. One policy coverage, liability insurance, also pays expenses related to your legal defense if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, your car insurance policy will cover the repair costs.
The benefits of carrying adequate insurance greatly outweigh the cost, especially when you need to use it. The average driver in Texas is currently overpaying as much as $855 a year so you should quote rates at every policy renewal to help ensure money is not being wasted.
Car insurance data for a Hyundai Santa Fe
The rate table shown below outlines estimates of rate quotes for Hyundai Santa Fe models. Knowing how insurance prices are formulated can help guide drivers when making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Santa Fe GLS 2WD | $180 | $392 | $400 | $24 | $120 | $1,116 | $93 |
| Santa Fe GLS 4WD | $206 | $392 | $400 | $24 | $120 | $1,142 | $95 |
| Santa Fe SE 2WD | $206 | $392 | $400 | $24 | $120 | $1,142 | $95 |
| Santa Fe Limited 2WD | $206 | $462 | $400 | $24 | $120 | $1,212 | $101 |
| Santa Fe SE 4WD | $206 | $462 | $400 | $24 | $120 | $1,212 | $101 |
| Santa Fe Limited 4WD | $232 | $462 | $400 | $24 | $120 | $1,238 | $103 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Prices do not factor in vehicle garaging location which can affect insurance rates substantially.
Can higher deductibles save money?
A question often asked by Laredo drivers is where to set your physical damage deductibles. The following tables may help to illustrate the premium difference when you select higher and lower physical damage deductibles. The first table uses a $100 physical damage deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Santa Fe GLS 2WD | $286 | $592 | $382 | $22 | $114 | $1,421 | $118 |
| Santa Fe GLS 4WD | $328 | $592 | $382 | $22 | $114 | $1,463 | $122 |
| Santa Fe SE 2WD | $328 | $592 | $382 | $22 | $114 | $1,463 | $122 |
| Santa Fe Limited 2WD | $328 | $698 | $382 | $22 | $114 | $1,569 | $131 |
| Santa Fe SE 4WD | $328 | $698 | $382 | $22 | $114 | $1,569 | $131 |
| Santa Fe Limited 4WD | $370 | $698 | $382 | $22 | $114 | $1,611 | $134 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Santa Fe GLS 2WD | $208 | $400 | $382 | $22 | $114 | $1,126 | $94 |
| Santa Fe GLS 4WD | $240 | $400 | $382 | $22 | $114 | $1,158 | $97 |
| Santa Fe SE 2WD | $240 | $400 | $382 | $22 | $114 | $1,158 | $97 |
| Santa Fe Limited 2WD | $240 | $472 | $382 | $22 | $114 | $1,230 | $103 |
| Santa Fe SE 4WD | $240 | $472 | $382 | $22 | $114 | $1,230 | $103 |
| Santa Fe Limited 4WD | $270 | $472 | $382 | $22 | $114 | $1,260 | $105 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rate information does not factor in Laredo location which can alter coverage rates substantially.
We can derive from the above data that using a $100 deductible could cost the average driver approximately $26 more each month or $312 each year averaged for all Santa Fe models than choosing the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to average at least 15 months between claims, you would more than likely save some money if you choose the higher deductible.
How to determine when to raise your deductibles
| Average monthly premium for $100 deductibles: | $126 |
| Average monthly premium for $500 deductibles (subtract): | – $100 |
| Monthly savings from raising deductible: | $26 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $26 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 15 months |
One big caveat is that raising deductibles to get cheaper rates means you will have to pay more of your own money when you have to file a claim. You will want to have access to more funds in order to pay more to get your vehicle repaired.
Reckless driving habits raise Laredo car insurance rates
The illustration below highlights how speeding tickets and at-fault claims influence Hyundai Santa Fe insurance rates for different age groups. The premiums assume a married male driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.
Rate comparison of male drivers versus female drivers
The diagram below visualizes the comparison of Hyundai Santa Fe premium costs for male and female drivers. The data assumes no claims, a clean driving record, full coverage, $100 deductibles, drivers are not married, and no discounts are factored in.
How much more does full coverage cost in Laredo?
The chart below visualizes the comparison of Hyundai Santa Fe insurance costs with full physical damage coverage compared to only buying liability only. The premiums assume no violations or accidents, $250 deductibles, drivers are single, and no discounts are applied.
When to stop paying for full coverage
There is no definitive guideline of when to drop physical damage coverage, but there is a broad guideline. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let’s say your Hyundai Santa Fe book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $2,000 after you pay the deductible. If it’s costing you more than $200 a year to have full coverage, then you might want to think about dropping full coverage.
There are some conditions where only buying liability is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not eliminate full coverage.
Earn discounts to get lower-cost Laredo auto insurance quotes
Auto insurance companies do not advertise the entire discount list in an easy-to-find place, so the list below gives a summary of both the well known and also the lesser-known ways to save on auto insurance. If you don’t get every credit available, you could be getting lower rates.
- Multi-line Discount – Select insurance carriers reward you with a discount if you purchase a life insurance policy as well.
- Anti-lock Brakes – Vehicles with anti-lock braking systems are much safer to drive and will save you 10% or more on Santa Fe insurance in Laredo.
- Discounts for New Vehicles – Buying a new car model can cost up to 25% less since new model year vehicles have better safety ratings.
- Federal Employees – Federal government employees could provide a small rate reduction with a few auto insurance companies.
- Driving Data Discount – People who choose to allow companies to monitor their driving habits by using a telematic data system such as In-Drive from State Farm or Allstate’s Drivewise system could possibly reduce rates as long as the data is positive.
- Multi-car Discount – Buying insurance for primary and secondary vehicles on one policy qualifies for this discount.
- Student Discount for Driver Training – Cut your cost by having your teen driver take driver’s ed class if it’s offered in school.
- Full Payment Discount – If paying your policy premium upfront instead of paying each month you can avoid the installment charge.
- Fewer Miles Equal More Savings – Keeping the miles down on your Hyundai can qualify you for cheaper premium rates.
One last thing about discounts, most of the big mark downs will not be given to all coverage premiums. Most only apply to the cost of specific coverages such as comp or med pay. Despite the appearance that you would end up receiving a 100% discount, you’re out of luck.
The illustration below compares Hyundai Santa Fe car insurance rates with and without discounts applied to the rates. The price estimates are based on a male driver, no tickets, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, multi-car, safe-driver, homeowner, and claim-free discounts applied.
Popular auto insurance companies and their offered discounts are outlined below.
- Farm Bureau offers discounts for 55 and retired, renewal discount, safe driver, good student, and multi-vehicle.
- MetLife may include discounts for accident-free, claim-free, multi-policy, defensive driver, good student, good driver
- Progressive has discounts for multi-vehicle, good student, continuous coverage, online quote discount, homeowner, multi-policy, and online signing.
- AAA includes discounts for good student, AAA membership discount, multi-policy, pay-in-full, and multi-car.
- American Family offers discounts including air bags, early bird, mySafetyValet, defensive driver, bundled insurance, good driver, and Steer into Savings.
- GEICO may have discounts that include air bags, driver training, anti-lock brakes, seat belt use, and federal employee.
- State Farm may offer discounts for passive restraint, multiple autos, Steer Clear safe driver discount, Drive Safe & Save, student away at school, good driver, and multiple policy.
When quoting, ask each insurance company which discounts they offer. Some of the discounts discussed earlier may not apply to policies in Laredo. If you would like to view auto insurance companies with the best discounts in Texas, click here.
Insurance agents can help
Some people would prefer to sit down with an agent and doing so can bring peace of mind One of the best bonuses of getting online price quotes is that drivers can save money and get cheap car insurance quotes and also buy local.
Once you complete this simple form, the coverage information is submitted to agents in your area who will gladly provide quotes to get your business. It makes it easy because there is no need to search for any insurance agencies since price quotes are sent to you directly. You can find better rates and an insurance agent to talk to. If you wish to quote rates from one company in particular, don’t hesitate to jump over to their website to submit a rate quote request.
Choosing a insurance company should include more criteria than just a low price. Here are some questions you should ask.
- Do they offer rental car reimbursement?
- How long have they worked with personal auto insurance coverage?
- Do they make recommendations based only on price?
- Where are claims handled?
- Does the quote include credit and driving reports?
If you want to use a good Laredo insurance agent, it can be helpful to understand the different types of agencies and how they can quote your rates. Car insurance agencies can either be independent agents or exclusive agents.
Exclusive Car Insurance Agencies
Exclusive agents generally can only insure with one company and some examples include AAA, Allstate, State Farm, or Farmers Insurance. These agents are not able to give you multiple price quotes so they have to upsell other benefits. Exclusive agents are highly trained on what they offer which helps them sell on service rather than price. Consumers frequently buy insurance from these agents primarily because of the brand and solid financial strength.
Shown below is a list of exclusive agents in Laredo that are able to give comparison quotes.
- Texas Farm Bureau Insurance – Melissa Arce
1505 Calle Del Norte Dr #210 – Laredo, TX 78041 – (956) 712-3276 – View Map - Allstate Insurance Agent: Powell-Watson Insurance Group
6301 Arena Blvd Ste A – Laredo, TX 78041 – (956) 764-4399 – View Map - Kevin Romo – State Farm Insurance Agent
7917 McPherson Rd #208 – Laredo, TX 78045 – (956) 753-9337 – View Map
Independent Agents (or Brokers)
These type of agents often have many company appointments and that is an advantage because they can write policies with multiple insurance companies enabling the ability to shop coverage around. If premiums increase, your agent can just switch to a different company which is easy for the insured.
If you are comparing car insurance prices, it’s recommended you include multiple independent agents for maximum quote selection. Many independent agencies also insure through companies you’ve never heard of that can offer cheaper rates than bigger companies.
Shown below are Laredo independent agencies that can give you comparison quotes.
- Castillo Insurance Agency
1413 E San Carlos St – Laredo, TX 78041 – (956) 727-0129 – View Map - Amco Insurance
505 Lafayette St – Laredo, TX 78041 – (956) 722-5300 – View Map - FalconSure Insurance Agency
7718 McPherson Rd #3 – Laredo, TX 78045 – (956) 794-9700 – View Map
What is the best auto insurance company in Texas?
Selecting the right auto insurance provider can be challenging considering how many different companies sell coverage in Texas. The information in the lists below can help you select which providers you want to consider purchasing from.
Top 10 Laredo Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Cheaper car insurance is a realistic goal
People leave their current company for any number of reasons including extreme rates for teen drivers, policy non-renewal, policy cancellation or even high rates after DUI convictions. It doesn’t matter why you want to switch finding a new company can be easier than you think.
In this article, we presented a lot of ways to shop for Hyundai Santa Fe insurance online. It’s most important to understand that the more price quotes you have, the higher your chance of finding inexpensive Laredo auto insurance quotes. Consumers may even find the lowest priced car insurance comes from the smaller companies.
Lower-priced Hyundai Santa Fe insurance in Laredo can be found both online and from local insurance agents, and you should compare rates from both to have the best chance of lowering rates. Some insurance providers do not offer rate quotes online and most of the time these smaller providers only sell through local independent agents.
Steps to buying discount Hyundai Santa Fe insurance in Laredo
To save the most money, the best way to get low-cost Hyundai Santa Fe insurance is to make a habit of regularly comparing prices from insurance carriers who provide car insurance in Laredo.
- It will benefit you to learn about how your policy works and the factors you can control to drop your rates. Many rating criteria that cause high rates such as at-fault accidents and a bad credit rating can be eliminated by making minor changes in your lifestyle.
- Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like GEICO and State Farm, while agents who are independent can provide prices for a wide range of companies. Get quotes now
- Compare the new rate quotes to your existing policy to see if a cheaper rate is available. If you find a better price, make sure coverage is continuous and does not lapse.
- Notify your agent or company of your intention to cancel your current car insurance policy and submit payment and a completed application for the new coverage. As soon as coverage is bound, place the new certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.
A key point to remember is to try to use identical deductibles and limits on each quote and and to get price estimates from every insurance company. Doing this ensures a level playing field and a thorough selection of prices.
More resources
- Bodily Injury Coverage (Liberty Mutual)
- What Car Insurance is Cheapest for a Toyota Highlander in Laredo? (FAQ)
- Who Has the Cheapest Auto Insurance for a Learners Permit in Laredo? (FAQ)
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Understanding Rental Car Insurance (Insurance Information Institute)
- Things to Know Before you Cancel Insurance (Allstate)