How many times have you said it’s time to compare the cheapest Hyundai Accent insurance in Oakland? There isn’t anyone who loves paying for auto insurance, especially when they are aware that they are paying too much.
We don’t have to tell you that car insurance companies don’t want policyholders to compare prices from other companies. Drivers who compare other rates are likely to switch auto insurance companies because there is a good probability of finding a lower rate. Remarkably, a study showed that drivers who shopped around every year saved on average $72 a month compared to other drivers who never compared rates.
If finding the cheapest rates on auto insurance is why you’re reading this, then understanding the best way to shop and compare coverage rates can make the process more efficient.
You have multiple insurers to insure vehicles with, and although it’s a good thing to be able to choose, too many choices makes it more difficult to find a good deal for Hyundai Accent insurance in Oakland.
You should make it a habit to shop coverage around on a regular basis because rates tend to go up over time. Even if you think you had the best deal on Hyundai Accent insurance in Oakland on your last policy you can probably find a better price now. You’ll find a ton of advice on Accent insurance online, but you can learn the best ways to lower your auto insurance premiums.
Finding the cheapest coverage in Oakland is actually very simple if you learn how to start. If you already have coverage, you should be able to shop for the lowest rates using the ideas you’re about to read. But California car owners do need to understand how companies determine what you pay because it varies considerably.
Shop Hyundai Accent insurance online
When comparison shopping, there are several ways to obtain and compare prices from different Oakland insurance companies. One of the best ways to find affordable Hyundai Accent insurance rates involves getting comparison quotes online.
Getting free quotes online is quite simple, and it takes the place of having to make phone calls or go to all the different Oakland insurance agencies. Quoting and buying Hyundai Accent insurance online can eliminate the need for a local agent unless you want the professional abilities of an agent trained in personal lines coverage. However, consumers can get prices online but have a local agent actually write the policy. When comparing auto insurance rates, know that comparing more quotes increases the chance that you will find a lower rate than you’re paying now.
The companies shown below have been selected to offer price comparisons in California. If your goal is to find cheaper auto insurance in Oakland, it’s a good idea that you visit as many as you can to get the most affordable price.
Auto insurance is not optional
Despite the fact that auto insurance is not cheap in Oakland, paying for auto insurance serves several important purposes.
First, most states have minimum mandated liability insurance limits which means state laws require a specific level of liability if you don’t want to risk a ticket. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if your car has a loan, most banks will require you to have physical damage coverage to guarantee their interest in the vehicle. If you do not keep the policy in force, the lender will be forced to insure your Hyundai at a much higher rate and force you to reimburse them for the much more expensive policy.
Third, insurance safeguards your Hyundai Accent and your assets. It will also reimburse you for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage will also pay for a defense attorney if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.
The benefits of insuring your Accent outweigh the cost, specifically if you ever have a liability claim. But the average American driver overpays more than $800 each year so it’s important to compare rates once a year at a minimum to save money.
Facts and figures for Hyundai Accent insurance
The rate information displayed below showcases estimates of coverage costs for Hyundai Accent models. Having a good grasp of how auto insurance prices are formulated can help you make decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $152 | $292 | $384 | $22 | $114 | $964 | $80 |
| Accent GS 2-Dr Hatchback | $178 | $354 | $384 | $22 | $114 | $1,052 | $88 |
| Accent GLS 4-Dr Sedan | $178 | $418 | $510 | $30 | $152 | $1,288 | $107 |
| Accent SE 2-Dr Hatchback | $204 | $482 | $384 | $22 | $114 | $1,206 | $101 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Premium amounts do not factor in specific Oakland garaging location which can decrease or increase insurance rates significantly.
Physical damage deductibles
One of the most common auto insurance questions is how low should you set your deductibles. The rates shown below may help to illustrate the premium difference of buying low and high policy deductibles. The first rate table uses a $100 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $282 | $564 | $376 | $22 | $112 | $1,381 | $115 |
| Accent GS 2-Dr Hatchback | $332 | $686 | $376 | $22 | $112 | $1,553 | $129 |
| Accent GLS 4-Dr Sedan | $332 | $810 | $500 | $30 | $150 | $1,847 | $154 |
| Accent SE 2-Dr Hatchback | $380 | $932 | $376 | $22 | $112 | $1,847 | $154 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accent Blue 2-Dr Hatchback | $156 | $298 | $376 | $22 | $112 | $964 | $80 |
| Accent GS 2-Dr Hatchback | $184 | $362 | $376 | $22 | $112 | $1,056 | $88 |
| Accent GLS 4-Dr Sedan | $184 | $426 | $500 | $30 | $150 | $1,290 | $108 |
| Accent SE 2-Dr Hatchback | $210 | $490 | $376 | $22 | $112 | $1,210 | $101 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Price estimates do not factor in Oakland location which can change premium rates greatly.
Using the premium rates above, we can conclude that using a $100 deductible will cost you about $44 more each month or $528 for a full year across all Hyundai Accent models than buying the higher $1,000 deductible. Since you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 20 months between claims, you would most likely save money if you elect the higher deductible.
Men versus women drivers and insurance cost
The information below shows the difference between Hyundai Accent annual premium costs for male and female drivers. The costs are based on no claims or violations, full coverage, $1,000 deductibles, single marital status, and no discounts are factored in.
Full coverage rates vs. liability-only in Oakland
The diagram below illustrates the comparison of Hyundai Accent auto insurance rates with and without physical damage coverage. The premiums are based on no claims or driving violations, $100 deductibles, single marital status, and no additional discounts are factored in.
When to drop full coverage
There is no definitive formula for dropping physical damage coverage, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then you might consider buying liability only.
For example, let’s pretend your Hyundai Accent settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $8,000 after paying your policy deductible. If you are paying in excess of $800 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are some scenarios where eliminating full coverage is not a good idea. If you haven’t paid off your loan, you have to maintain full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should keep full coverage.
Insurance policy discounts you can’t miss
Not many people think insurance is cheap, but there could be available discounts that can dramatically reduce your bill. Many of these discounts will be applied automatically at the time you complete a quote, but a few must be inquired about before they will apply.
- Payment Discounts – If you pay your entire premium ahead of time instead of making monthly payments you can actually save on your bill.
- Discounts for New Vehicles – Insuring a new Accent may earn a small discount because newer vehicles are generally safer.
- Data Collection Discounts – Drivers who elect to allow their company to study driving habits by using a telematics device in their vehicle like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates if they exhibit good driving behavior.
- Defensive Driver Discount – Participating in a defensive driving course could earn you a small percentage discount and easily pay for the cost of the class.
- Sign Online – Some insurance companies will give you a small discount for buying your policy on your computer.
- Bundled Policy Discount – If you combine your auto and home policies with one insurance company you may save as much as 10 to 15 percent.
- One Accident Forgiven – Not necessarily a discount, but some insurance companies will turn a blind eye to one accident without getting socked with a rate hike if your claims history is clear for a specific time period.
- Discounts for Seat Belt Usage – Requiring all passengers to use their safety belts may be able to save a few bucks on the premium charged for medical payments and/or PIP.
- Discounts for Responsible Drivers – Drivers who don’t get into accidents may receive a discount up to 45% than drivers with accident claims.
You should keep in mind that many deductions do not apply to the entire policy premium. Some only reduce individual premiums such as medical payments or collision. So even though they make it sound like all the discounts add up to a free policy, you aren’t that lucky.
The example below shows the comparison of Hyundai Accent auto insurance costs with and without discounts applied to the policy rates. The data assumes a male driver, no claims or driving violations, California state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, multi-policy, claim-free, and marriage discounts applied.
A few of the larger companies and some of their more popular discounts are outlined below.
- State Farm policyholders can earn discounts including Drive Safe & Save, anti-theft, student away at school, driver’s education, multiple autos, accident-free, and defensive driving training.
- Farmers Insurance has savings for alternative fuel, youthful driver, mature driver, switch companies, and electronic funds transfer.
- GEICO offers discounts including federal employee, anti-lock brakes, anti-theft, defensive driver, and driver training.
- American Family may include discounts for mySafetyValet, accident-free, good driver, Steer into Savings, bundled insurance, TimeAway discount, and air bags.
- Nationwide may offer discounts for anti-theft, family plan, accident-free, defensive driving, and easy pay.
- Progressive may have discounts that include homeowner, online quote discount, multi-policy, online signing, multi-vehicle, good student, and continuous coverage.
Check with all companies you are considering which discounts they offer. Some credits may not apply to policyholders in your area.
Buying car insurance from Oakland car insurance agents
A small number of people prefer to have an agent’s advice and that is a smart decision The biggest benefit of comparing rates online is the fact that you can find cheaper auto insurance rates and still buy from a local agent.
To help locate an agent, after submitting this quick form, your insurance data gets sent to local insurance agents who will give competitive quotes to get your business. There is no reason to contact any insurance agencies since rate quotes are delivered to your email. You can get cheaper car insurance rates AND a local agent. If you want to compare prices from a specific company, you would need to find their quoting web page and complete a quote there.
Choosing the best company shouldn’t rely on just a cheap price. These are valid questions to ask:
- What kind of financial rating does the company have?
- Do they have designations such as AIC, CPCU, or CIC?
- Is the coverage adequate for your vehicle?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- What insurance company do they write the most business with?
- When do they do policy reviews?
Pick the best car insurance agent in Oakland for you
If you would like to find a reputable agency, you need to know there are two different agency structures and how they function. Car insurance policy providers are classified as either exclusive or independent (non-exclusive).
Exclusive Agencies
Agents that elect to be exclusive write business for a single company such as State Farm, Allstate and AAA. These agents are not able to provide prices from multiple companies so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are well schooled on what they offer which helps overcome the inability to quote other rates.
Shown below is a short list of exclusive agents in Oakland that are able to give rate quotes.
Farmers Insurance – Sam Cheng
388 9th St #259 – Oakland, CA 94607 – (510) 893-3978 – View Map
Frank Sanchez – State Farm Agent
5301 Claremont Ave – Oakland, CA 94618 – (510) 658-2722 – View Map
Jessica Hebert – State Farm Insurance Agent
490 Grand Ave #210 – Oakland, CA 94610 – (510) 653-2900 – View Map
Independent Agencies or Brokers
Agents of this type are normally appointed by many insurers so they can quote policies with multiple insurance companies and possibly get better coverage at lower prices. If your agent finds better pricing, they simply move your policy to a different company which requires no work on your part. If you need lower rates, you absolutely need to include a few independent agents to have the best price comparison.
Below are Oakland independent agencies willing to provide comparison quotes.
Bucheku Insurance Agency
1714 Franklin St Suite 305 – Oakland, CA 94612 – (510) 655-6969 – View Map
Aviation Marine Insurance Services
5707 Redwood Rd – Oakland, CA 94619 – (510) 530-4415 – View Map
Thandi Insurance Brokerage
2859 Mandela Pkwy – Oakland, CA 94608 – (510) 452-1566 – View Map
Shop smart and save
We just presented many ideas to find lower-cost Hyundai Accent insurance in Oakland. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. Consumers may even find the best price on insurance is with a small local company. Some small companies may cover specific market segments cheaper than their larger competitors like Allstate, GEICO and Progressive.
Cheap Hyundai Accent insurance in Oakland can be sourced both online as well as from independent agents in Oakland, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who don’t offer price quotes online and these small, regional companies only sell coverage through independent agents.
How to find affordable quotes for Hyundai Accent insurance in Oakland
The recommended way to get low-cost car insurance rates in Oakland is to begin comparing prices regularly from insurers that insure vehicles in California.
- First, try to understand how your policy works and the changes you can make to drop your rates. Many factors that result in higher prices like careless driving and a less-than-favorable credit score can be controlled by making minor driving habit or lifestyle changes.
- Second, compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from a single company like GEICO or Farmers Insurance, while independent agents can provide prices for many different companies. Get quotes now
- Third, compare the price quotes to your current policy and see if you can save money. If you find a lower rate quote, make sure coverage is continuous and does not lapse.
- Fourth, provide written notification to your current company of your intention to cancel your existing policy. Submit payment and a signed application to your new company or agent. Don’t forget to store the certificate verifying proof of insurance along with your vehicle registration.
The critical component of shopping around is to use the same level of coverage on each price quote and and to get prices from as many different insurance providers as possible. Doing this guarantees the most accurate price comparison and the most accurate and complete price analysis.
To learn more, link through to these articles:
- Insuring a Leased Car (Insurance Information Institute)
- How Much is Car Insurance for Drivers with Accidents in Oakland? (FAQ)
- Who Has Cheap Auto Insurance Quotes for a Ford Escape in Oakland? (FAQ)
- Who Has Affordable Oakland Auto Insurance for Drivers Over Age 60? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Police Officers in Oakland? (FAQ)
- How Much is Car Insurance for a Learners Permit in Oakland? (FAQ)
- Who Has Affordable Car Insurance Quotes for a Subaru Impreza in Oakland? (FAQ)
- Who Has Affordable Car Insurance for High Mileage Drivers in Oakland? (FAQ)
- Who Has Cheap Oakland Auto Insurance for a Toyota Highlander? (FAQ)
- Senior Drivers (Insurance Information Institute)
- What if I Can’t Find Coverage? (Insurance Information Institute)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)