It’s well known that insurance companies don’t want you to look for a cheaper policy. People who shop around once a year will presumably buy a new policy because of the high probability of finding good coverage at a lower price. A recent study showed that consumers who routinely compared rates saved as much as $860 a year compared to people who never compared prices.
If finding discount rates on insurance is why you’re here, then having some knowledge of how to shop and compare insurance premiums can help simplify the process.
To save the most money, the best way to quote cheaper car insurance rates in Raleigh is to annually compare prices from providers who provide auto insurance in North Carolina.
- Read about how companies set rates and the measures you can take to lower rates. Many factors that drive up the price such as accidents, traffic tickets, and a substandard credit history can be controlled by making small lifestyle or driving habit changes.
- Get rate quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like GEICO and State Farm, while independent agencies can provide rate quotes from multiple companies.
- Compare the new quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find a better price and buy the policy, ensure there is no coverage lapse between policies.
- Tell your current agent or company of your intention to cancel your current car insurance policy and submit payment and a completed application for the new policy. Once coverage is bound, place your new proof of insurance paperwork along with your vehicle registration.
An essential thing to point out is to use identical coverage information on every price quote and and to get quotes from all possible companies. Doing this helps ensure an accurate price comparison and many rates to choose from.
Comparison shopping for the cheapest protection in Raleigh is simple if you know the tricks. If you have a policy now or are looking for a new policy, use these cost-cutting techniques to reduce the price you pay without reducing protection. You just need to learn the proper methods to compare different rates online from multiple companies.
The following companies have been selected to offer quotes in North Carolina. To buy the cheapest auto insurance in North Carolina, it’s a good idea that you get price quotes from several of them in order to get a fair rate comparison.
Hyundai Azera insurance statistics and information
The data table shown next outlines a range of coverage prices for Hyundai Azera models. Understanding how car insurance premiums are determined can be useful when making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Azera GLS 4-Dr Sedan | $178 | $308 | $326 | $20 | $98 | $930 | $78 |
| Azera Limited 4-Dr Sedan | $202 | $308 | $326 | $20 | $98 | $954 | $80 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Prices do not factor in the specific area where the vehicle is garaged which can increase or decrease price quotes greatly.
Hyundai Azera insurance rates by age and gender
The chart below compares Hyundai Azera insurance costs for male and female drivers. The price estimates are based on a clean driving record, no claims, comp and collision included, $500 deductibles, single marital status, and no policy discounts are applied.
Hyundai Azera liability rates compared to full coverage
The example below illustrates the difference between Hyundai Azera yearly insurance costs with and without physical damage coverage. The costs are based on a clean driving record, no claims, $500 deductibles, single status, and no policy discounts are applied.
When to buy liability coverage only
There is no set guideline to stop paying for physical damage coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let’s pretend your Hyundai Azera claim settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $3,000 after you pay the deductible. If it’s costing you more than $300 annually for your policy with full coverage, then you might want to think about dropping full coverage.
There are a few cases where removing full coverage is not in your best interest. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.
Why car insurance is not optional
Despite the fact that car insurance is not cheap in Raleigh, maintaining insurance serves several important purposes.
First, almost all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific level of liability in order to drive the car. In North Carolina 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 Azera has a lienholder, most banks will stipulate that you have full coverage to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Hyundai at a much higher premium rate and require you to pay for the much more expensive policy.
Third, insurance safeguards your vehicle and your assets. It will also provide coverage for medical bills for not only you but also any passengers injured in an accident. Liability coverage also pays expenses related to your legal defense if you are sued as the result of your driving. If you have damage to your Hyundai as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of insuring your Azera definitely exceed the cost, particularly when you have a large claim. But the average American driver is currently overpaying as much as $855 a year so shop around every year to be sure current rates are still competitive.
Insurance Rate Influencing Factors
An important part of buying insurance is that you know a few of the rating criteria that come into play when calculating the level of your policy premiums. When consumers understand what controls the rates you pay, this enables informed choices that may result in lower rates.
City dwellers may pay more – Residing in less populated areas can save you money when trying to find low car insurance rates. Residents of big cities tend to have more traffic problems and much longer commute distances. Fewer people translates into fewer accidents and lower theft and vandalism rates.
The more you drive the more you pay – The higher the mileage driven in a year’s time the more you will pay for auto insurance. Most companies apply a rate partially by how you use the vehicle. Cars and trucks left parked in the garage can be on a lower rate level compared to those used for work or business. Improper usage on your Azera is just wasting money. It’s a good idea to make sure your vehicle rating correctly shows how each vehicle is driven, because it can save money.
Traffic violations increase costs – Even one ticket can increase rates forty percent or more. Drivers with clean records receive lower rates compared to drivers with tickets. Drivers who have received license-revoking violations like DUI or reckless driving may find that they have to to submit a SR-22 form with their state in order to prevent a license revocation.
The diagram below highlights how speeding tickets and at-fault claims can affect Hyundai Azera insurance rates for different categories of driver ages. The price estimates are based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.
Teenage drivers cost more – Older drivers are shown to be more cautious, tend to cause fewer accidents, and receive fewer citations. Inexperience drivers are proven to be inattentive when driving and because of this, their auto insurance rates are much higher.
The following data is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.
Do thieves like your car? – Selecting a car model with a theft deterrent system can earn a premium discount. Theft deterrent systems such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart car theft and help bring rates down.
Add-on coverages you don’t need – There are a lot of extra coverages that may not really be needed when buying auto insurance. Things like rental car coverage, towing, and term life insurance are some examples. The coverages may be enticing at first, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.
Too many auto insurance claims will drive premiums up – If you tend to file frequent claims, you can definitely plan on much higher rates or policy non-renewal. Companies in North Carolina provide cheaper rates to people who only file infrequent claims. Insurance coverage is designed for the bigger claims that can’t be paid out-of-pocket.
Auto insurance lapses lead to higher auto insurance rates – Going without insurance is a fast way to increase your auto insurance rates. Not only will you pay more, failure to provide proof of insurance can result in a hefty fine and possibly a revoked license. You may then have to prove you have insurance by filing a SR-22 with the North Carolina DMV.
Hyundai Azera statistical loss data – Insurance companies include the past claim trends for vehicles when determining insurance rates. Models that are shown to have higher claim amounts or frequency will have a higher premium rate. The next table shows the collected loss data for Hyundai Azera vehicles.
For each policy coverage type, the statistical loss for all vehicles, regardless of manufacturer or model, is considered to be 100. Values that are below 100 indicate a favorable loss history, while numbers that are greater than 100 point to more claims or statistically larger losses.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Hyundai Azera | 115 | 83 | 101 | 99 | 106 | 91 |
Statistics from IIHS.org for 2013-2015 Model Years
Insurance can get complicated
Always keep in mind that when comparing insurance from an agent or online, there really isn’t a single plan that fits everyone. Everyone’s situation is a little different and a cookie cutter policy won’t apply.
For example, these questions may help you determine if your insurance needs may require specific advice.
- Am I covered if I wreck a rental car?
- Why am I required to buy liability insurance?
- Is other people’s property covered if stolen from my vehicle?
- Do I have any recourse if my insurance company denies a claim?
- How high should deductibles be on a Hyundai Azera?
- Can I use my car for my catering business?
- Am I getting all the discounts available?
- Is there coverage for injuries to my pets?
- Am I covered while delivering pizza?
If you can’t answer these questions but you know they apply to you, you may need to chat with an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.
Raleigh auto insurance companies ranked
Finding the right auto insurance company is hard considering how many different insurance companies sell coverage in North Carolina. The ranking data in the next section may help you decide which auto insurance companies to look at when comparing rate quotes.
Top 10 Raleigh Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
The most affordable rates come from being thorough
When buying insurance coverage, you should never skimp on coverage in order to save money. There have been many cases where drivers have reduced uninsured motorist or liability limits only to discover later that a couple dollars of savings turned into a financial nightmare. Your goal should be to find the BEST coverage at the best cost while still protecting your assets.
The cheapest Hyundai Azera insurance in Raleigh is attainable from both online companies as well as from independent agents in Raleigh, and you should be comparing both to have the best chance of lowering rates. There are still a few companies who do not provide online price quotes and many times these small, regional companies only sell through independent agents.
For more information, link through to the resources below:
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- How Much are Auto Insurance Quotes for a Honda CR-V in Raleigh? (FAQ)
- Who Has the Cheapest Car Insurance for a Nissan Sentra in Raleigh? (FAQ)
- What Insurance is Cheapest for Business Use in Raleigh? (FAQ)
- Who Has Cheap Raleigh Auto Insurance Quotes for Used Cars? (FAQ)
- What Insurance is Cheapest for a Jeep Wrangler in Raleigh? (FAQ)
- Side Impact Crash Tests (iihs.org)
- Choosing an Insurance Company (Insurance Information Institute)
- Top Signs Your Brakes are Giving Out (State Farm)