Best Hyundai Tucson Insurance in Minneapolis

Discount Hyundai Tucson insuranceWe don’t have to point out that fact that auto insurance companies don’t want you quoting rates from other companies. Insureds who perform rate comparisons are highly likely to buy a new policy because there is a good probability of finding a lower rate. A recent survey found that consumers who regularly shopped around saved as much as $850 each year compared to drivers who never compared rates.

If finding budget-friendly Hyundai Tucson insurance is why you’re reading this, then learning a little about how to find and compare insurance premiums can help you be more efficient.

The easiest way to get budget car insurance rates is to make a habit of regularly comparing prices from different companies who can sell car insurance in Minneapolis.

  1. Gain an understanding of car insurance and the things you can control to prevent high rates. Many things that are responsible for high rates like traffic tickets, fender benders, and a lousy credit rating can be improved by being financially responsible and driving safely.
  2. Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive and State Farm, while agents who are independent can quote rates from multiple insurance companies.
  3. Compare the new rate quotes to your existing policy to determine if you can save on Tucson insurance in Minneapolis. If you find better rates and decide to switch, make sure there is no coverage gap between policies.
  4. Notify your agent or company to cancel your current auto insurance policy. Submit the signed application along with the required initial payment to the new company. When you receive it, place the new proof of insurance paperwork in an easily accessible location.

The key thing to know about shopping around is to make sure you’re comparing similar coverage information on every quote request and and to get rates from as many companies as possible. This ensures the most accurate price comparison and the best price selection.

If you are paying for car insurance now, you will be able to reduce premiums using the ideas you’re about to read. Comparing quotes for the lowest cost coverage in Minneapolis is easy to do. Although Minnesota vehicle owners can benefit from knowing how companies calculate your car insurance rates and apply this information to your search.

When comparison shopping, making a lot of price comparisons helps locate a better price. Not every company allows you to get Minneapolis Tucson insurance quotes online, so it’s important to also get price estimates on coverage from those companies, too.

The auto insurance companies shown below have been selected to offer quotes in Minnesota. In order to find the cheapest auto insurance in Minneapolis, we suggest you visit as many as you can to get the best price comparison.

Insurance coverage details

The coverage information below showcases estimates of coverage costs for Hyundai Tucson models. Knowing how insurance premiums are formulated can be useful when making smart choices when selecting a policy.

Hyundai Tucson Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tucson GLS 2WD $236 $418 $428 $26 $128 $1,236 $103
Tucson GLS 4WD $272 $418 $428 $26 $128 $1,272 $106
Tucson Limited 2WD $272 $508 $428 $26 $128 $1,362 $114
Tucson Limited 4WD $272 $508 $428 $26 $128 $1,362 $114
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Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Prices do not factor in your specific Minneapolis location which can revise price quotes greatly.

Where to set your deductibles

When shopping for auto insurance, a common question is which deductible level should you buy. The figures shown below outline the difference in cost when you choose different coverage deductibles. The first set of prices uses a $250 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Hyundai Tucson insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tucson GLS 2WD $214 $340 $318 $18 $94 $1,009 $84
Tucson GLS 4WD $246 $340 $318 $18 $94 $1,041 $87
Tucson Limited 2WD $246 $414 $318 $18 $94 $1,115 $93
Tucson Limited 4WD $246 $414 $318 $18 $94 $1,115 $93
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Hyundai Tucson insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Tucson GLS 2WD $132 $214 $318 $18 $94 $776 $65
Tucson GLS 4WD $152 $214 $318 $18 $94 $796 $66
Tucson Limited 2WD $152 $260 $318 $18 $94 $842 $70
Tucson Limited 4WD $152 $260 $318 $18 $94 $842 $70
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Rate quotes do not factor in specific location information which can lower or raise insurance rates substantially.

Using the premium rates above, we can conclude that using a $250 deductible costs roughly $21 more each month or $252 each year than choosing the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally average more than 36 months between claims, you would come out ahead by going with a higher deductible.

Three reasons to not skimp on auto insurance

Despite the high cost, insuring your vehicle is mandatory in Minnesota but it also protects more than you think.

The benefits of buying auto insurance are definitely more than the cost, particularly if you ever have a claim. The average driver in Minnesota is overpaying over $825 a year so we recommend shopping around once a year at a minimum to make sure the price is not too high.

Components of Your Hyundai Tucson Insurance Costs

Smart consumers have a good feel for the different types of things that help determine your premiums. When you understand what positively or negatively impacts your premiums, this allows you to make good choices that will entitle you to lower premium levels. Many things are considered when you get a price on insurance. Some are obvious like an MVR report, but other criteria are less obvious such as your credit history or how financially stable you are.

Gender matters – Statistics have proven females are less aggressive when driving. That doesn’t necessarily mean that men are worse drivers. Males and females cause fender benders in similar percentages, but the males cause more damage. They also receive more major tickets like reckless driving and DUI.

The example below shows the difference between Hyundai Tucson insurance costs for male and female drivers. The premium estimates are based on a clean driving record, no claims, comp and collision included, $250 deductibles, single status, and no additional discounts are factored in.

Your career may increase rates – Did you know your occupation can influence how much you pay for insurance? Careers such as military personnel, airline pilots, and financial analysts generally have higher rates than the rest of us attributed to intense work situations and long work days. Conversely, occupations such as farmers, athletes and the unemployed pay the least.

Lower premiums for safer vehicles – Cars with high safety ratings are cheaper to insure. Vehicles built for safety reduce injuries and fewer serious injuries translates into savings for insurance companies which can result in lower premiums. If your Hyundai Tucson is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.

Deter car thieves – Owning a car with an alarm system can earn a premium discount. Anti-theft devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart auto theft and help lower rates.

Be proud to be claim-free – Insurance companies in Minnesota give better rates to policyholders who are not frequent claim filers. If you are the type of insured that files lots of claims you can expect either a policy non-renewal or much higher rates. Auto insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.

Qualify for multi-policy discounts – Lots of insurers apply a discount to policyholders that buy multiple policies. It’s known as a multi-policy discount. The amount of the discounts can be 10 percent or more. Even with this discount, it’s in your best interest to check prices from other companies to verify if the discount is saving money.

Loss statistics for a Hyundai Tucson – Companies use past loss statistics for each vehicle to determine a price that will be profitable for them. Models that are shown to have higher losses will have increased rates.

The next table shows the loss history for Hyundai Tucson vehicles. For each coverage type, the claim amount for all vehicles, as a total average, equals 100. Percentage numbers below 100 imply a favorable loss record, while values over 100 indicate frequent claims or statistically larger claims.

Insurance Loss Ratings for Hyundai Tucson Vehicles
Specific Hyundai Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Tucson 4dr 2WD 80 96 66 108 110 101
Hyundai Tucson 4dr 4WD 82 102 70 109 109 109

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Get cheap Hyundai Tucson insurance in Minneapolis with discounts

Some providers don’t always list every discount they offer in a way that’s easy to find, so the below list has a few of the more common and also the lesser-known credits available to lower your premiums when you buy Minneapolis car insurance online. If you are not receiving all the discounts possible, you could be saving more on your car insurance.Save money with discounts

You should keep in mind that most of the big mark downs will not be given to the overall cost of the policy. Most cut the price of certain insurance coverages like liability, collision or medical payments. Despite the appearance that you can get free auto insurance, it’s just not the way it works.

The diagram below shows the difference between Hyundai Tucson insurance costs with and without discounts being applied to the rates. The premiums assume a female driver, no violations or accidents, Minnesota state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, claim-free, multi-policy, marriage, and homeowner discounts applied.

Insurance companies who might offer most of the discounts above are:

If you need lower rates, check with all the companies which discounts can lower your rates. All car insurance discounts may not apply in your area. To locate car insurance companies that offer some of these discounts in Minneapolis, click here.

What if I want to buy from local Minneapolis car insurance agents?

Some consumers would rather buy from a licensed agent and doing so can bring peace of mind A good thing about getting free rate quotes online is you can get lower prices and still have a local agent. Supporting neighborhood insurance agencies is important particularly in Minneapolis.

Once you complete this quick form, your coverage information is emailed to companies in Minneapolis who will give competitive quotes and help you find cheaper coverage. There is no need to leave your computer since price quotes are sent to your email. Get lower rates and a licensed agent to work with. If you have a need to compare prices from a specific insurance company, you can always visit that company’s website and complete a quote there.

Types of car insurance agents in Minneapolis

When looking for a local insurance agency, you need to know there are two types of agencies and how they differ in how they quote coverages. Minneapolis agents can be classified as either exclusive agents or independent agents.

Independent Car Insurance Agents

Agents that elect to be independent are appointed with more than one company so they can insure your vehicles with a variety of different insurance companies and get you the best rates possible. If your premiums go up, the agent simply finds a different carrier and you don’t have to switch agencies. If you are comparing rate quotes, you need to contact at least one independent agent in order to compare the most rates. Most have the option of insuring with smaller mutual companies that many times have cheaper rates.

Listed below is a short list of independent agents in Minneapolis that may be able to give you free price quotes.

More Minneapolis agents

Exclusive Car Insurance Agencies

Exclusive agents can only provide one company’s prices and examples are AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot place coverage with different providers so it’s a take it or leave it situation. They are well trained on what they offer which aids in selling service over price. Consumers often choose to use an exclusive agent primarily because of the brand name rather than low price.

Below are Minneapolis exclusive insurance agencies willing to provide price quotes.

More Minneapolis agents

Selecting an insurance agent requires more thought than just the quoted price. These are valid questions to ask:

Best auto insurance company in Minneapolis

Finding a good quality company is difficult considering how many companies sell insurance in Minnesota. The company rank data in the lists below can help you pick which car insurance providers to look at when comparing rates.

Top Auto Insurance Companies in Minnesota
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Mercury Insurance 87 95 87 84% A+ 88.3
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Best Car Insurance Companies

Quote. Compare. Save.

As you shop your coverage around, it’s not a good idea to buy poor coverage just to save money. There have been many situations where drivers have reduced comprehensive coverage or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your goal is to buy the best coverage you can find at the lowest possible cost, but do not sacrifice coverage to save money.

Lower-priced insurance in Minneapolis is attainable from both online companies and from local agencies, so you should compare both in order to have the best price selection to choose from. There are still a few companies who may not have rate quotes online and usually these regional insurance providers provide coverage only through independent insurance agencies.

People switch companies for a variety of reasons including questionable increases in premium, an unsatisfactory settlement offer, denial of a claim and even policy cancellation. No matter why you want to switch, choosing a new insurance company can be easy and end up saving you some money.

Additional information