Searching for more affordable auto insurance rates in Minneapolis, MN? Minneapolis consumers have a choice when looking for low-cost Hyundai Sonata insurance. They can either spend hours calling around to compare prices or use the internet to find the lowest rates. There is a right way and a wrong way to find auto insurance online so you’re going to learn the proper way to price shop coverage for your Hyundai and find the lowest price.
Consumers need to take a look at other company’s rates before your next renewal because prices change regularly. If you had the best price on Hyundai Sonata insurance in Minneapolis two years ago a different company probably has better rate quotes today. There is a lot of bad information regarding Sonata insurance online, but I’m going to show you some solid techniques on how to save money.
If you have a current car insurance policy or need a new policy, you can use this information to lower your rates without reducing coverage. This information will help educate you on the best ways to compare prices and how to save the most money. Smart buyers only need to know the most time-saving way to shop their coverage around online.
The companies shown below have been selected to offer free rate quotes in Minneapolis, MN. If multiple companies are listed, we suggest you visit two to three different companies to get a more complete price comparison.
Choosing Hyundai vehicle insurance is an important decision
Despite the high cost, paying for auto insurance is a good idea for several reasons.
First, almost all states have mandatory insurance requirements which means the state requires a specific minimum amount of liability in order to drive the car. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your Hyundai Sonata, almost all lenders will force you to buy insurance to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank may insure your Hyundai at a much higher rate and force you to pay for the expensive policy.
Third, insurance protects not only your Hyundai Sonata but also your financial assets. It will also reimburse you for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability insurance also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of buying auto insurance definitely exceed the price paid, especially for larger claims. In a recent study of 1,000 drivers, the average customer is overpaying more than $700 annually so compare rates at least once a year to ensure rates are competitive.
Rates and statistics
The price information below showcases detailed analysis of insurance policy prices for Hyundai Sonata models. Having a good understanding how insurance prices are formulated can be useful when making smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $172 | $326 | $376 | $22 | $112 | $1,008 | $84 |
| Sonata GLS 4-Dr Sedan | $172 | $326 | $376 | $22 | $112 | $1,008 | $84 |
| Sonata GLS 4-Dr Sedan | $172 | $326 | $376 | $22 | $112 | $1,008 | $84 |
| Sonata SE 4-Dr Sedan | $172 | $384 | $376 | $22 | $112 | $1,066 | $89 |
| Sonata SE 4-Dr Sedan | $172 | $384 | $376 | $22 | $112 | $1,066 | $89 |
| Sonata Limited 4-Dr Sedan | $194 | $384 | $376 | $22 | $112 | $1,088 | $91 |
| Sonata Limited 4-Dr Sedan | $194 | $384 | $376 | $22 | $112 | $1,088 | $91 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Table data does not factor in specific zip code location which can decrease or increase price quotes significantly.
Hyundai Sonata liability rates compared to full coverage
The diagram below shows the comparison of Hyundai Sonata insurance prices with full coverage compared to only the Minnesota minimum liability coverage. The rates are based on no tickets, no at-fault accidents, $500 deductibles, drivers are single, and no policy discounts are applied.
When to drop comp and collision
There is no exact rule of when to stop paying for comp and collision coverage, but there is a general guideline. If the annual cost of your full coverage insurance is more than 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
For example, let’s say your Hyundai Sonata replacement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $8,000 after paying the physical damage deductible. If you are paying over $800 a year to have full coverage, then you might want to consider buying only liability coverage.
There are a few situations where eliminating full coverage is not in your best interest. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.
Discount Minneapolis insurance rates
The price of auto insurance can be rather high, but you can get discounts to help bring down the price. Some discounts will apply when you get a quote, but once in a while a discount must be requested specifically before they will apply. If you check and find you aren’t receiving every discount you deserve, you’re paying more than you need to.
- Multi-car Discount – Purchasing coverage when you have more than one vehicle on one policy may reduce the rate for each vehicle.
- E-sign Discounts – Certain insurance companies provide a small discount simply for signing on the internet.
- Driver Safety – Taking part in a class that teaches safe driver techniques can save you 5% or more and make you a better driver.
- Seat Belt Usage – Forcing all vehicle occupants to use a seat belt can save a little on the medical payments or PIP coverage costs.
- Discount for Life Insurance – Select insurance companies reward you with a small discount if you purchase auto and life insurance together.
You can save money using discounts, but most of the big mark downs will not be given to the entire policy premium. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.
The diagram below compares Hyundai Sonata insurance costs with and without discounts being applied to the rates. The premium estimates are based on a female driver, no claims, a clean driving record, Minnesota state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, multi-car, marriage, and safe-driver discounts applied.
The best insurance companies and the discounts they provide are shown below.
- Esurance offers discounts including Pac-12 alumni, anti-lock brakes, claim free, emergency road assistance, and multi-car.
- The Hartford offers premium reductions for air bag, defensive driver, anti-theft, vehicle fuel type, driver training, and good student.
- AAA may have discounts that include AAA membership discount, education and occupation, multi-policy, pay-in-full, anti-theft, and good student.
- GEICO may offer discounts for anti-theft, emergency military deployment, air bags, membership and employees, seat belt use, federal employee, and anti-lock brakes.
- State Farm has savings for safe vehicle, good student, passive restraint, driver’s education, multiple policy, and Drive Safe & Save.
Before buying, ask every prospective company what discounts are available to you. Savings may not apply in your state.
Can’t I get rate quotes from local Minneapolis auto insurance agents?
Some people just prefer to talk to an insurance agent and that is a smart decision Experienced insurance agents can answer important questions and help submit paperwork. One of the best bonuses of comparing car insurance online is that you can find cheap car insurance rates but still work with a licensed agent.
For easy comparison, once you complete this form (opens in new window), the quote information is immediately sent to insurance agents in Minneapolis who will return price quotes for your coverage. It simplifies rate comparisons since you won’t have to search for an agent because prices are sent to the email address you provide. If you need to get a comparison quote from a specific car insurance provider, just go to their quote page and fill out the quote form the provide.
Deciding on an insurance company requires more thought than just the premium amount. Any agent in Minneapolis should be forthright in answering these questions:
- Are there any discounts that you might be missing?
- Who are their largest clients?
- Who is covered by the car insurance policy?
- Are claims handled at the agent’s location?
- If independent agents, which companies do they recommend?
- Will a damage claim use OEM or aftermarket replacement parts?
- Does the agency provide any after hours assistance?
- Do they regularly work with personal auto policies in Minneapolis?
When searching for a good Minneapolis insurance agent, it’s helpful to know the types of insurance agents and how they work. Agents in Minneapolis can be classified as either independent (non-exclusive) or exclusive. Either one can sell car insurance policies, but it’s good to learn the difference in the companies they write for since it could factor into which agent you choose.
Exclusive Car Insurance Agents
Exclusive agents normally can only provide a single company’s rates such as Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agents cannot place coverage with different providers so they are skilled at selling on more than just price. Exclusive agents are usually quite knowledgeable on what they offer which helps offset the inability to provide other markets. Consumers often choose to use a exclusive agent mainly due to the brand rather than having low rates.
Listed below is a short list of exclusive insurance agents in Minneapolis that are able to give rate quotes.
- Farmers Insurance – Gretchen Frana
5445 S 28th Ave – Minneapolis, MN 55417 – (612) 724-4309 – View Map - Farmers Insurance – Natalie Fox
210 N 2nd St #70 – Minneapolis, MN 55401 – (612) 208-0276 – View Map - State Farm Insurance: Karl Herman
3017 W 56th St – Minneapolis, MN 55410 – (612) 455-8844 – View Map
Independent Agencies or Brokers
These agents do not work for one specific company so they have the ability to put coverage with an assortment of companies enabling the ability to shop coverage around. To transfer your coverage to a different company, the agent simply finds a different carrier and you can keep the same agent. If you are trying to find cheaper rates, you will definitely want to compare prices from several independent insurance agents for maximum quote selection. Most also write with additional companies that you may not be familiar with that may provide cheaper car insurance rates.
Listed below are independent agents in Minneapolis willing to provide rate quotes.
- Landreau Insurance Group Inc
2615 E Franklin Ave – Minneapolis, MN 55406 – (612) 276-7035 – View Map - Bernie Glover Insurance Agency
2520 Lowry Ave N – Minneapolis, MN 55411 – (612) 522-6531 – View Map - True Insurance Agency and Financial Services – Minneapolis Home and Auto Insurance
4708 Excelsior Blvd – St Louis Park, MN 55416 – (952) 388-2006 – View Map
How to find a good Minnesota auto insurance company
Selecting a good quality insurance company is hard considering how many choices you have in Minneapolis. The ranking data displayed below may help you pick which car insurance companies to look at when shopping around.
Top 10 Minneapolis Car Insurance Companies Overall
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
Top 10 Minneapolis Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- Nationwide
- State Farm
- Safeco Insurance
- American Family
- Titan Insurance
- Travelers
- Liberty Mutual
- GEICO
- Allstate
Cover all your bases
We just presented some good ideas how you can shop for Hyundai Sonata insurance online. The key concept to understand is the more quotes you get, the better chance you’ll have of finding affordable Hyundai Sonata insurance quotes. You may even find the lowest premium rates are with a smaller regional carrier.
There are still a few companies who may not have online rate quotes and usually these smaller companies only sell through independent insurance agencies. Cheaper insurance in Minneapolis is available from both online companies in addition to local insurance agencies, and you should compare price quotes from both to get a complete price analysis.
As you prepare to switch companies, it’s very important that you do not reduce needed coverages to save money. In many cases, consumers will sacrifice collision coverage and learned later that their decision to reduce coverage ended up costing them more. The goal is to purchase a proper amount of coverage at the best price while not skimping on critical coverages.
How to find affordable quotes for Hyundai Sonata insurance in Minneapolis
If saving money is your primary concern, then the best way to find low-cost prices for Hyundai Sonata insurance in Minneapolis is to start doing a yearly price comparison from insurers who provide auto insurance in Minnesota.
- Step 1: Read and learn about how insurance works and the measures you can take to drop your rates. Many policy risk factors that result in higher rates like at-fault accidents, careless driving, and a bad credit score can be remedied by making minor driving habit or lifestyle changes.
- Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like Progressive or State Farm, while agents who are independent can provide prices from multiple sources. Compare rates
- Step 3: Compare the new rates to your existing policy to see if a cheaper price is available in Minneapolis. If you can save some money and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.
An essential thing to point out is to make sure you’re comparing the same level of coverage on each price quote and and to analyze every company you can. Doing this ensures a fair rate comparison and maximum price selection.
Additional information
- How to Avoid Common Accidents (State Farm)
- Who Has Cheap Minneapolis Car Insurance Rates for Veterans? (FAQ)
- Who Has Affordable Minneapolis Auto Insurance for 19 Year Olds? (FAQ)
- Who Has Affordable Minneapolis Auto Insurance Rates for Immigrants? (FAQ)
- Eight Auto Insurance Myths (Insurance Information Institute)
- Anti-Lock Brake FAQ (iihs.org)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- Should I Buy a New or Used Car? (Allstate)