Astonishing but true, the vast majority of consumers have been with the same company for a minimum of four years, and approximately 38% of consumers have never compared auto insurance rates at all. American consumers could pocket roughly $859 a year by just comparing rate quotes, but they mistakenly think it’s difficult to shop around.
To save the most money, the best way to find cheaper Hyundai Accent insurance in Madison is to compare prices at least once a year from insurance carriers who provide car insurance in Wisconsin. Rate comparisons can be done by following these steps.
- Take a little time to learn about how companies set rates and the changes you can make to prevent expensive coverage. Many things that are responsible for high rates such as traffic violations and an unacceptable credit history can be controlled by making minor driving habit or lifestyle changes.
- Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from one company like Progressive and State Farm, while agents who are independent can quote rates from multiple insurance companies.
- Compare the new rate quotes to the price on your current policy to see if a cheaper rate is available in Madison. If you find a lower rate quote and change companies, ensure coverage does not lapse between policies.
- Tell your current company of your decision to cancel your current auto insurance policy and submit any necessary down payment along with the completed application for the new policy. As soon as you receive it, put the new proof of insurance paperwork in an easily accessible location in your vehicle.
One thing to point out is to try to use identical coverages on each quote and and to get price estimates from every insurance company. This provides an accurate price comparison and the best price selection.
Best companies for Hyundai Accent insurance
The companies shown below provide comparison quotes in Madison, WI. To buy cheap auto insurance in Madison, WI, it’s highly recommended you visit as many as you can to get a more complete price comparison.
Hyundai Accent insurance coverage information
The premium table shown below showcases a range of coverage prices for Hyundai Accent models. Having knowledge of how insurance rates are calculated is important to be able to make informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $164 | $362 | $264 | $16 | $78 | $884 | $74 |
| Accent GS 2-Dr Hatchback | $192 | $440 | $264 | $16 | $78 | $990 | $83 |
| Accent GLS 4-Dr Sedan | $192 | $518 | $350 | $20 | $106 | $1,186 | $99 |
| Accent SE 2-Dr Hatchback | $220 | $596 | $264 | $16 | $78 | $1,174 | $98 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Estimates do not factor in specific garaging location which can impact insurance rates greatly.
Choosing deductibles
One of the hardest decisions when shopping for insurance is how high should your deductibles be. The premium rates below show the differences in premium rates between low and high physical damage coverage deductibles. The first pricing table uses a $100 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $146 | $294 | $196 | $12 | $58 | $731 | $61 |
| Accent GS 2-Dr Hatchback | $172 | $358 | $196 | $12 | $58 | $821 | $68 |
| Accent GLS 4-Dr Sedan | $172 | $422 | $260 | $16 | $78 | $973 | $81 |
| Accent SE 2-Dr Hatchback | $198 | $484 | $196 | $12 | $58 | $973 | $81 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $82 | $154 | $196 | $12 | $58 | $502 | $42 |
| Accent GS 2-Dr Hatchback | $96 | $188 | $196 | $12 | $58 | $550 | $46 |
| Accent GLS 4-Dr Sedan | $96 | $222 | $260 | $16 | $78 | $672 | $56 |
| Accent SE 2-Dr Hatchback | $110 | $256 | $196 | $12 | $58 | $632 | $53 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Rates do not factor in Madison location which can alter prices considerably.
Using the premium rates above, we can conclude that using a $100 deductible costs approximately $24 more each month or $288 every year averaged for all Accent models than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at least 38 months between claims, you would probably be better off going with the higher deductible.
The illustration below illustrates how your choice of deductibles and can affect Hyundai Accent insurance costs for different ages of insureds. Data assumes a single female driver, comp and collision included, and no other discounts are factored in.
You Can Change Your Insurance Costs
When buying insurance it’s important to understand a few of the rating criteria that help calculate your insurance rates. If you know what positively or negatively impacts your premiums, this allows you to make good choices that could result in lower premium levels. Lots of factors are used in the calculation when you quote your car insurance policy. A few of the factors are predictable such as your driving history, although others are not as apparent such as your marital status or your commute time.
- Save miles driven and save money – Driving more miles annually the more it will cost to insure it. Almost all companies charge rates partially by how you use the vehicle. Autos that do not get driven very much receive better premium rates than those that get driven frequently. Having an incorrect usage rating on your Accent may be wasting your money. It’s always a good idea to double check that your insurance coverage shows how each vehicle is driven, because it can save money.
- Keep rates low by being claim-free – If you file claims often, you can definitely plan on higher premiums or even policy non-renewal. Insurance companies in Wisconsin provide cheaper rates to people who file claims infrequently. Your insurance policy is intended to be relied upon for claims that pose a financial burden.
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Premiums drop with age – Older, more experienced drivers have been proven to be more responsible, tend to file fewer claims, and are generally more financially stable. Drivers with little experience are statistically proven to get distracted easily with other occupants in the car therefore insurance rates are much higher.
The next chart uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.
- Your address can push rates up or down – Being located in less populated areas of the country can be a good thing when shopping for auto insurance. Fewer people corresponds to lower accident rates in addition to fewer liability claims. Residents of big cities have to deal with more traffic problems and more severe claims. More time on the road means more chance of being in an accident.
- Raising deductibles lowers rates – The deductibles you choose are how much you are required to spend out-of-pocket if a covered claim is submitted. Physical damage protection, also known as collision and other-than-collision, insures against damage to your car. Some instances where coverage would apply are collision with another vehicle, collision with a deer, and damage from wind. The higher the amount you’re willing to pay, the lower your rates will be.
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High performance equals high premiums – The make and model of the vehicle you are trying to find cheaper insurance for makes a huge difference in determining your rates. The most favorable rates are usually found on smaller low performance passenger models, but many other things help determine your insurance rates.
The data below assumes a single female driver age 20, full coverage with $500 deductibles, and no discounts or violations. It compares Hyundai Accent rates compared to other models of vehicles that have different performance risks.
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Hyundai Accent insurance loss statistics – Companies analyze past claim statistics when determining insurance rates. Models that the statistics show to have higher prevalence or dollar amount of losses will have a higher cost to insure.
The information below illustrates the insurance loss data for Hyundai Accent vehicles. For each coverage category, the statistical loss for all vehicles, as a total average, is set at 100. Numbers that are below 100 suggest a better than average loss history, while values over 100 indicate frequent claims or an increased probability of a larger loss.
Hyundai Accent Insurance Claim Statistics Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Hyundai Accent 98 109 89 129 129 133 BETTERAVERAGEWORSEStatistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Lower-cost Hyundai Accent insurance in Madison
Car insurance companies do not advertise every policy discount in an easy-to-find place, so the following is a list of a few of the more well known as well as some of the hidden discounts you could be receiving when you buy Madison car insurance online.
- Driver Education Discount – Require your teen driver to participate in a local driver’s education class in school.
- Passive Restraints and Air Bags – Options like air bags could see savings of 25 to 30%.
- Student in College – Older children who live away from home to go to college and won’t have access to an insured vehicle can be insured at a reduced rate.
- Save with More Vehicles Insured – Purchasing coverage when you have multiple cars on a single policy qualifies for this discount.
- Fewer Miles Equal More Savings – Maintaining low annual mileage could earn lower rates on the low mileage vehicles.
- Early Signing – Some larger companies provide a discount for switching companies prior to your current Accent insurance policy expiring. You can save around 10% with this discount.
- Senior Citizens – Drivers that qualify as senior citizens may qualify for a small decrease in premiums.
Remember that some of the credits will not apply to the whole policy. Most only cut specific coverage prices like collision or personal injury protection. Even though the math looks like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous.
The illustration below shows the difference between Hyundai Accent annual premium costs with and without discounts applied to the rates. The costs are based on a male driver, a clean driving record, no claims, Wisconsin 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 homeowner, multi-policy, marriage, safe-driver, multi-car, and claim-free discounts applied.
Car insurance companies who may offer most of these discounts are:
If you need lower rates, check with every insurance company what discounts are available to you. Some discounts listed above may not be available everywhere.
Buying from insurance agents
Many drivers prefer to get professional advice from a licensed agent and we recommend doing that One of the best bonuses of getting online price quotes is you can get cheap auto insurance rates and still buy from a local agent. Buying insurance from local agencies is important especially in Madison.
To find an agent, once you fill out this simple form, your information is emailed to insurance agents in Madison that provide free Madison car insurance quotes for your coverage. There is no reason to even leave your home because prices are sent to you instantly. You can get cheaper auto insurance rates and an insurance agent to talk to. If you wish to get a price quote from a specific auto insurance provider, don’t hesitate to search and find their rate quote page and complete a quote there.
If you are searching for a reliable agent, you need to know there are two different types of agents from which to choose. Auto insurance agencies can either be independent or exclusive.
Independent Auto Insurance Agencies or Brokers
Agents that choose to be independent are not required to write business for one company so they can insure your vehicles through many companies enabling the ability to shop coverage around. If your agent finds better pricing, an independent agent can move your coverage which requires no work on your part.
If you need cheaper auto insurance rates, you will definitely want to get several quotes from several independent agencies to ensure the widest selection of prices. They also have the ability to place coverage with small regional insurance companies that may provide cheaper auto insurance rates.
The following is a short list of independent insurance agents in Madison that may be able to give you cheap rate quotes.
- Thomas Bradley Insurance
1001 Fourier Dr Suite 100 – Madison, WI 53717 – (608) 845-7979 – View Map - Spectrum Insurance Group – Madison
525 Junction Rd #8505 – Madison, WI 53717 – (608) 204-7055 – View Map - Prairie Land Insurance Agency
2045 Atwood Ave #113A – Madison, WI 53704 – (608) 251-3009 – View Map
Exclusive Agencies
These type of agents are contracted to one company and some examples include State Farm, Allstate and AAA. They generally cannot provide other company’s prices so they really need to provide good service. Exclusive insurance agents are very knowledgeable on the products they sell which helps them sell on service rather than price. Consumers sometimes buy from the same agent for years partially due to the brand name rather than low rates.
Listed below are Madison exclusive insurance agencies willing to provide price quotes.
- American Family Insurance – D Webster-Scher Agency Inc.
637 E Washington Ave – Madison, WI 53703 – (608) 249-3111 – View Map - Farmers Insurance
2317 International Ln – Madison, WI 53704 – (608) 249-7380 – View Map - Farmers Insurance – Allen Maxwell
2980 Cahill Main #205 – Madison, WI 53711 – (608) 630-9776 – View Map
Picking the best insurance agency shouldn’t rely on just a cheap price quote. The answers to these questions are important, too.
- Do they offer claims assistance after hours?
- How long has their agency been in business in Madison?
- What company holds the largest book of business for them?
- Do they have designations such as AIC, CPCU, or CIC?
- Will high miles depreciate repair valuations?
Your car insurance coverage should be tailored to you
When it comes to choosing the best car insurance coverage for your vehicles, there is no one size fits all plan. Every situation is different and your car insurance should unique, too.
These are some specific questions could help you determine if you may require specific advice.
- Which companies are cheaper for teen drivers?
- Does coverage extend to Mexico or Canada?
- Should I buy only the required Wisconsin minimum liability coverage?
- What is an SR-22 filing?
- Does my insurance cover damage caused when ticketed for reckless driving?
- Are my friends covered when driving my car?
- What if an uninsured driver hits me?
- Is there coverage for my trailer?
If you can’t answer these questions, you may need to chat with an agent. To find lower rates from a local agent, complete this form or click here for a list of car insurance companies in your area.
Smart consumers save more
When shopping online for auto insurance, it’s not a good idea to buy lower coverage limits just to save a few bucks. In too many instances, someone dropped liability limits or collision coverage only to discover later that their decision to reduce coverage ended up costing them more. Your objective should be to get the best coverage possible at the best cost while still protecting your assets.
You just read some good ideas how to lower your Hyundai Accent insurance car insurance rates in Madison. The most important thing to understand is the more rate quotes you have, the higher your chance of finding cheaper Madison car insurance quotes. You may even find the biggest savings come from some of the lesser-known companies. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as Allstate and Progressive.
More tips and info about auto insurance can be found in these articles:
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- What Auto Insurance is Cheapest for First-time Drivers in Madison? (FAQ)
- How Much are Madison Car Insurance Rates for a Toyota Highlander? (FAQ)
- What Car Insurance is Cheapest for a Company Car in Madison? (FAQ)
- Choosing an Insurance Company (Insurance Information Institute)
- What if I Can’t Find Coverage? (Insurance Information Institute)