Compare Hyundai Santa Fe Insurance Rate Quotes in New Orleans

Insurance for Hyundai Santa FeTo save the most money, the best way to find discount auto insurance rates in New Orleans is to regularly compare price quotes from insurers in Louisiana. You can shop around by completing these steps.

The key thing to know about shopping around is to use the same physical damage deductibles and liability limits on each quote request and and to get prices from as many carriers as you can. This helps ensure a fair price comparison and and a good selection of different prices.

Sadly, nearly 70% of drivers have bought auto insurance from the same company for four years or more, and almost half have never compared auto insurance rates at all. Many drivers in Louisiana can save about 35% each year just by shopping around, but they underestimate the actual amount they would save if they switched to a cheaper policy.

Informed Drivers Know How to Buy Insurance at a Discount

Lots of things are used in the calculation when you get a price on insurance. A few of the factors are predictable such as your driving history, but other factors are less obvious like where you live or how safe your car is.

Save by driving less – The more you drive annually the more you’ll pay to insure your vehicle. Many insurance companies calculate prices based upon how you use the vehicle. Vehicles that do not get driven very much receive better premium rates than those that get driven frequently. It’s a smart idea to ensure your insurance policy properly reflects the correct driver usage, because improper ratings can cost you money. A policy that improperly rates your Santa Fe may be wasting your money.

Lower premiums for safer cars – Vehicles that have high safety ratings are cheaper to insure. Vehicles built for safety reduce injuries and lower injury rates means less claims paid and lower rates for you. If your Hyundai Santa Fe has ratings of a minimum four stars on or an “acceptable” rating on you are probably receiving a discount.

Premiums and employer – Did you know that where you work can have an impact on rates? Occupations like military personnel, business owners, and medical professionals generally pay the highest average rates due to intense work-related stress and lots of time spent away from family. Conversely, occupations such as farmers, historians and the unemployed get better rates.

Prices go up with performance – The make and model of the car you need to insure makes a big difference in your car insurance bill. Lower cost passenger cars generally have the cheapest insurance rates, but that’s not the only thing that factors into the final price.

The following data uses these variables: married male driver age 20, full coverage with $100 deductibles, and no discounts or violations. It shows Hyundai Santa Fe insurance premiums compared to other models of vehicles that have different performances.

Is car insurance cheaper for males or females? – Statistics demonstrate that females tend to be a little less risky than males. The data does not necessarily mean that women are better drivers. Both sexes tend to get into at-fault accidents in similar percentages, but guys tend to have higher claims. Not only that, but men also have more aggressive citations like DWI (DUI) or reckless driving. Teenage male drivers generally have the highest accident percentage and therefore have the most expensive insurance rates.

The example below illustrates the comparison of Hyundai Santa Fe car insurance costs for male and female drivers. The rate quotes are based on no claims or driving citations, full coverage, $500 deductibles, drivers are single, and no discounts are factored in.

Amount of liability coverage – Your policy’s liability coverage is the coverage that protects you if ever you are found liable for damages caused by your negligence. Liability provides for a legal defense which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not cut corners here.

Loss probability for a Hyundai Santa Fe – Insurance companies factor in historical loss data to help calculate premium costs. Vehicles that are shown to have a trend towards higher claim severity or frequency will cost more for specific coverages. The table shown below demonstrates the collected loss data for Hyundai Santa Fe vehicles.

For each policy coverage, the statistical loss for all vehicles, regardless of manufacturer or model, is a value of 100. Numbers that are below 100 mean the vehicle has better than average losses, while numbers shown that are more than 100 point to more frequent losses or statistically larger claims.

Hyundai Santa Fe Insurance Loss Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Santa Fe 4dr 2WD 91 94 82 86 92 91
Hyundai Santa Fe 4dr 4WD 109 115 97 96 84 94
Hyundai Santa Fe Sport 4dr 2WD 88 90 93 90 89 93
Hyundai Santa Fe Sport 4dr 4WD 95 91 110 90 96 84

Statistics from for 2013-2015 Model Years

Hyundai Santa Fe insurance rate analysis

The premium information displayed next showcases different coverage prices for Hyundai Santa Fe models. Understanding more about how car insurance premiums are determined is important for drivers to make decisions when shopping around.

Hyundai Santa Fe Insurance Rates in New Orleans, LA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $290 $488 $608 $36 $182 $1,604 $134
Santa Fe GLS 4WD $332 $488 $608 $36 $182 $1,646 $137
Santa Fe SE 2WD $332 $488 $608 $36 $182 $1,646 $137
Santa Fe Limited 2WD $332 $574 $608 $36 $182 $1,732 $144
Santa Fe SE 4WD $332 $574 $608 $36 $182 $1,732 $144
Santa Fe Limited 4WD $376 $574 $608 $36 $182 $1,776 $148
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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Estimates do not factor in vehicle location which can revise premiums considerably.

Physical damage deductible comparison

One of the more difficult decisions when buying auto insurance is which deductibles should you choose. The rates shown below approximate the rate differences when you buy lower versus higher comp and collision deductibles. The first data table uses a $100 comprehensive and collision deductible and the second data table uses a $500 deductible.

Hyundai Santa Fe insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $348 $722 $464 $28 $140 $1,727 $144
Santa Fe GLS 4WD $400 $722 $464 $28 $140 $1,779 $148
Santa Fe SE 2WD $400 $722 $464 $28 $140 $1,779 $148
Santa Fe Limited 2WD $400 $850 $464 $28 $140 $1,907 $159
Santa Fe SE 4WD $400 $850 $464 $28 $140 $1,907 $159
Santa Fe Limited 4WD $452 $850 $464 $28 $140 $1,959 $163
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Hyundai Santa Fe insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Santa Fe GLS 2WD $254 $488 $464 $28 $140 $1,374 $115
Santa Fe GLS 4WD $292 $488 $464 $28 $140 $1,412 $118
Santa Fe SE 2WD $292 $488 $464 $28 $140 $1,412 $118
Santa Fe Limited 2WD $292 $574 $464 $28 $140 $1,498 $125
Santa Fe SE 4WD $292 $574 $464 $28 $140 $1,498 $125
Santa Fe Limited 4WD $330 $574 $464 $28 $140 $1,536 $128
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Information does not factor in the specific area where the vehicle is garaged which can alter prices considerably.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost in the ballpark of $32 more each month or $384 a year than choosing the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you go at a minimum 13 months between claims, you would save money if you opt for a higher deductible.

The illustration below highlights how deductible selection and can affect Hyundai Santa Fe insurance costs for different categories of driver ages. The data assumes a married female driver, full coverage, and no discounts are factored in.

Cautious New Orleans drivers save money

The information below illustrates how violations and at-fault accidents impact Hyundai Santa Fe premium costs for each age group. The data is based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.

Full coverage rates compared to liability-only

The example below illustrates the difference between Hyundai Santa Fe insurance costs with and without physical damage coverage. The premium estimates are based on no driving violations, no at-fault accidents, $500 deductibles, single marital status, and no discounts are applied.

When to drop comprehensive and collision

There is no exact formula of when to exclude comp and collision coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s say your Hyundai Santa Fe claim settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after paying your deductible. If premiums are more than $200 a year for physical damage coverage, then you might consider buying liability only.

There are some situations where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not opt for liability only.

Get cheaper Hyundai Santa Fe insurance in New Orleans with discounts

Some insurers do not list every available discount in a way that’s easy to find, so the following list contains a few of the more common and the more hidden ways to save on auto insurance. If you don’t get every credit you qualify for, you are just wasting money.Discount auto insurance

As is typical with insurance, most credits do not apply to the whole policy. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Despite the fact that it seems like all those discounts means the company will pay you, that’s just not realistic.

The information below illustrates the difference between Hyundai Santa Fe insurance costs with and without discounts applied to the policy rates. The premiums are based on a female driver, no claims or violations, Louisiana state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, marriage, claim-free, multi-car, and homeowner discounts applied.

Large auto insurance companies and their possible discounts are shown below.

When quoting, ask each insurance company which discounts you may be entitled to. Some of the earlier mentioned discounts may not apply in New Orleans.

New Orleans auto insurance companies

Picking the top auto insurance provider can be difficult considering how many choices there are in New Orleans. The ranking data shown below could help you analyze which auto insurers you want to consider when comparing rate quotes.

New Orleans, Louisiana Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

Persistence pays off

We just covered a lot of techniques to save on Hyundai Santa Fe insurance in New Orleans. The key thing to remember is the more providers you compare, the better chance you’ll have of finding the cheapest Hyundai Santa Fe rate quotes. Consumers could even find that the lowest premium rates come from a company that doesn’t do a lot of advertising.

As you prepare to switch companies, it’s not a good idea to buy poor coverage just to save money. In too many instances, an accident victim reduced liability coverage limits only to discover later that a couple dollars of savings turned into a financial nightmare. Your strategy should be to find the BEST coverage at a price you can afford, but don’t skip important coverages to save money.

Discount Hyundai Santa Fe insurance in New Orleans can be purchased online and from local agencies, so you need to quote New Orleans auto insurance with both to have the best chance of lowering rates. Some insurance providers do not offer internet price quotes and these small, regional companies work with local independent agencies.

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