Car Insurance Rates for a Hyundai Santa Fe in Las Vegas

Has it been a year or more since you last compared quotes for low-cost car insurance rates in Las Vegas, NV? Las Vegas buyers have lots of choices when searching for affordable Hyundai Santa Fe insurance. You can either waste hours contacting agents trying to get quotes or save time using the internet to find the lowest rates. There are more efficient ways to shop for car insurance so we’re going to tell you the quickest way to get price quotes for your Hyundai and locate the cheapest rates from both online companies and Las Vegas agents.

It is always a good idea to do rate comparisons on a regular basis since insurance prices change quite often. Just because you found the best rates on Hyundai Santa Fe insurance in Las Vegas a couple years back other companies may now be cheaper. Block out anything you think you know about car insurance because we’re going to show you the best methods to remove unneeded coverages and save money.

Locating the best rates in Las Vegas is much easier if you have a good place to start. If you are insured now, you will most likely be able to save money using these tips. Smart shoppers just have to use the tricks to shop their coverage around from many different companies online.

Reducing your Hyundai Santa Fe insurance rates can be relatively painless. Just spend a few minutes on the computer to compare rate quotes to find out which insurance company has low cost Las Vegas auto insurance quotes.

The companies shown below can provide price quotes in Las Vegas, NV. If your goal is to find cheap auto insurance in NV, we suggest you visit as many as you can to get the best price comparison.

Hyundai Santa Fe detailed coverage information

The coverage information below covers a range of insurance prices for Hyundai Santa Fe models. Learning a little about how policy rates are formulated can help customers make smart choices when comparing insurance quotes.

Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Information does not factor in specific location which can impact prices noticeably.

Higher deductibles lower rates

When shopping for auto insurance, a common question is where should you set your physical damage deductibles. The rates shown below may help to illustrate the premium difference when you buy lower versus higher deductibles. The first table uses a $100 deductible and the second set of rates uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Prices do not factor in vehicle location which can decrease or increase prices noticeably.

We can derive from the above data that using a $100 deductible will cost in the ballpark of $22 more each month or $264 each year than requesting the higher $500 deductible. Since the policyholder would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you go at least 18 months between claim filings, you would come out ahead if you choose the higher deductible.

Impact of violations and accidents on rates

The example below demonstrates how speeding tickets and fender-benders influence Hyundai Santa Fe yearly insurance costs for different age groups of insureds. The premium estimates are based on a married female driver, full coverage, $500 deductibles, and no other discounts are factored in.

Cost of full coverage

The chart below compares Hyundai Santa Fe insurance prices when comparing full coverage to liability only. The information is based on no claims or driving citations, $500 deductibles, marital status is single, and no other discounts are factored in.

Should you pay for full coverage or liability only?

There is no set rule that is best for determining when to drop full coverage on your policy, but there is a general guideline. If the annual cost of coverage is 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let’s say your Hyundai Santa Fe book value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $8,000 after the deductible is paid. If it’s costing you more than $800 a year for full coverage, then you may want to consider only buying liability coverage.

There are some scenarios where dropping physical damage coverage is not advised. If you still have a loan on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should maintain full coverage.

Why do I need car insurance?

Despite the high cost, insurance serves several important purposes.

First, the majority of states have mandatory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability insurance in order to drive the car legally. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your vehicle has a lienholder, more than likely the lender will make it mandatory that you have full coverage to ensure loan repayment if the vehicle is totaled. If the policy lapses, the lender may insure your Hyundai at an extremely high rate and require you to pay the higher price.

Third, insurance protects your Hyundai and your assets. It also can pay for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability coverage also pays expenses related to your legal defense if you cause an accident and are sued. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of buying insurance definitely exceed the cost, specifically if you ever have a liability claim. According to a survey of 1,000 drivers, the average driver is overpaying over $830 a year so you should quote and compare rates at every renewal to make sure the price is not too high.

Detailed coverages of your insurance policy

Having a good grasp of a insurance policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. These are the normal coverages found on the average insurance policy.

Medical expense insurance

Med pay and PIP coverage kick in for immediate expenses such as surgery, funeral costs and EMT expenses. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Hyundai Santa Fe.

Because many people only carry the minimum required liability limits (15/30/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Auto collision coverage

Collision coverage pays for damage to your Santa Fe caused by collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things like crashing into a building, damaging your car on a curb, hitting a parking meter and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to increase the deductible on your Santa Fe to save money on collision insurance.

Comprehensive (Other than Collision)

This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like hitting a bird, damage from getting keyed, hitting a deer and rock chips in glass. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability coverages

Liability insurance can cover damage or injury you incur to other people or property by causing an accident. This coverage protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 15/30/10 which means a limit of $15,000 per injured person, a per accident bodily injury limit of $30,000, and a limit of $10,000 paid for damaged property.

Liability coverage protects against things such as repair costs for stationary objects, repair bills for other people’s vehicles, structural damage, court costs and emergency aid. How much coverage you buy is a personal decision, but buy higher limits if possible. Nevada requires drivers to carry at least 15/30/10 but you should think about purchasing more coverage.

The chart below demonstrates why the minimum limit may not be enough.

Las Vegas auto insurance company ratings

Buying coverage from the best insurer can be challenging considering how many different companies sell coverage in Las Vegas. The company information shown next can help you pick which insurers you want to consider buying from.

Top 10 Las Vegas Car Insurance Companies Overall

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Titan Insurance
9. Progressive
10. Mercury Insurance

Top 10 Las Vegas Car Insurance Companies Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. Titan Insurance
5. The General
6. AAA Insurance
7. State Farm
8. Mercury Insurance
9. Nationwide
10. Safeco