Hyundai Genesis Insurance Rate Quotes in Bakersfield

Discount Hyundai Genesis insuranceThe easiest way to find cheaper Hyundai Genesis insurance is to compare prices at least once a year from insurance carriers who sell auto insurance in Bakersfield.

  1. Try to learn about car insurance and the things you can change to keep rates low. Many policy risk factors that result in higher prices such as traffic violations and a less-than-favorable credit rating can be remedied by making minor changes to your lifestyle. Continue reading for more ideas to get better rates and find available discounts that you may qualify for.
  2. Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or State Farm, while agents who are independent can quote prices for many different companies.
  3. Compare the price quotes to your existing rates and see if you can save money. If you can save some money, make sure there is no lapse between the expiration of your current policy and the new one.

An important part of this process is that you’ll want to compare identical coverage information on every quote and to quote with as many companies as you can. This provides an apples-to-apples comparison and a complete price analysis.

A recent survey discovered that a large majority of drivers have stayed with the same insurance company for over three years, and just short of a majority have never even compared quotes to find cheaper rates. Drivers in California could save an average of $500 each year by just comparing quotes, but they assume it’s a waste of time to compare other rate quotes.

Low cost Hyundai Genesis insurance prices in Bakersfield, CA

The are a couple different ways to compare quotes from many available car insurance companies in California. By far the easiest way to find cheaper Hyundai Genesis rates involves getting comparison quotes online. Keep in mind that getting more free quotes increases your odds of finding more affordable insurance.

The providers in the list below can provide quotes in California. If several companies are displayed, it’s highly recommended you compare several of them to get the cheapest price.

Why you need to buy car insurance

Despite the high cost of buying insurance for a Hyundai Genesis in Bakersfield, buying car insurance serves a purpose in several ways.

The benefits of carrying enough insurance definitely exceed the price paid, specifically if you ever have a liability claim. But the average American driver is overpaying over $830 a year so compare rates every year to make sure the price is not too high.

Insurance statistics for a Hyundai Genesis

The coverage table shown next covers different insurance prices for Hyundai Genesis models. Learning a little about how prices are determined helps drivers make decisions when shopping around.

Hyundai Genesis Insurance Rates in Bakersfield, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Genesis 2.0T 2-Dr Coupe $412 $1052 $718 $42 $214 $2,438 $203
Genesis 3.8 4-Dr Sedan $458 $914 $488 $28 $146 $2,034 $170
Genesis 2.0T Premium 2-Dr Coupe $458 $1052 $718 $42 $214 $2,484 $207
Genesis 3.8 2-Dr Coupe $458 $1052 $718 $42 $214 $2,484 $207
Genesis 2.0T Track 2-Dr Coupe $458 $1052 $718 $42 $214 $2,484 $207
Genesis 3.8 Grand Touring 2-Dr Coupe $458 $1052 $718 $42 $214 $2,484 $207
Genesis 4.6 4-Dr Sedan $458 $1052 $488 $28 $146 $2,172 $181
Genesis 3.8 Track 2-Dr Coupe $458 $1190 $718 $42 $214 $2,622 $219
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Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Rate information does not factor in zip code location which can change insurance rates noticeably.

Policy deductibles

When shopping for insurance, a common question is how high or low should comp and collision deductibles be. The comparisons below can help you visualize the rate fluctuation between high and low physical damage deductibles. The first rate comparisons uses a $100 physical damage coverage deductible and the second set of prices uses a $500 deductible.

Hyundai Genesis insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Genesis 2.0T 2-Dr Coupe $430 $932 $552 $32 $166 $2,137 $178
Genesis 3.8 4-Dr Sedan $478 $810 $376 $22 $112 $1,823 $152
Genesis 2.0T Premium 2-Dr Coupe $478 $932 $552 $32 $166 $2,185 $182
Genesis 3.8 2-Dr Coupe $478 $932 $552 $32 $166 $2,185 $182
Genesis 2.0T Track 2-Dr Coupe $478 $932 $552 $32 $166 $2,185 $182
Genesis 3.8 Grand Touring 2-Dr Coupe $478 $932 $552 $32 $166 $2,185 $182
Genesis 4.6 4-Dr Sedan $478 $932 $376 $22 $112 $1,945 $162
Genesis 3.8 Track 2-Dr Coupe $478 $1054 $552 $32 $166 $2,307 $192
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Hyundai Genesis insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Genesis 2.0T 2-Dr Coupe $314 $630 $552 $32 $166 $1,694 $141
Genesis 3.8 4-Dr Sedan $348 $546 $376 $22 $112 $1,404 $117
Genesis 2.0T Premium 2-Dr Coupe $348 $630 $552 $32 $166 $1,728 $144
Genesis 3.8 2-Dr Coupe $348 $630 $552 $32 $166 $1,728 $144
Genesis 2.0T Track 2-Dr Coupe $348 $630 $552 $32 $166 $1,728 $144
Genesis 3.8 Grand Touring 2-Dr Coupe $348 $630 $552 $32 $166 $1,728 $144
Genesis 4.6 4-Dr Sedan $348 $630 $376 $22 $112 $1,488 $124
Genesis 3.8 Track 2-Dr Coupe $348 $712 $552 $32 $166 $1,810 $151
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Rate information does not factor in Bakersfield location which can alter price quotes greatly.

Based on this data, using a $100 deductible would cost the average driver about $38 more each month or $456 annually than quoting the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you go at least 11 months between claim filings, you would probably be better off if you choose the higher deductible. The illustration below shows how you can decide this on your own policy.

Average monthly premium for $100 deductibles: $177
Average monthly premium for $500 deductibles (subtract): – $139
Monthly savings from raising deductible: $38
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $38
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

One important note is that increasing deductibles to save money means you will have to pay more of your own money when you do file a claim. That will require some available funds in order to pay the deductible to have repairs made.

Insurance rates by age and gender

The illustration below compares Hyundai Genesis car insurance costs for male and female drivers. The premium estimates are based on no claims, a clean driving record, full coverage, $250 deductibles, marital status is single, and no discounts are taken into consideration.

Should you buy full coverage?

The example below compares Hyundai Genesis auto insurance costs with and without full coverage. The information is based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are not married, and no other discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no clear-cut rule to drop physical damage coverage on your policy, but there is a general convention. If the annual cost of having full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let’s assume your Hyundai Genesis book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $7,000 after you pay the deductible. If you are paying more than $700 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some situations where dropping full coverage is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Insurance discounts help lower rates for Hyundai Genesis insurance in Bakersfield

Insurance is not an enjoyable expense, but you may be missing some discounts to help bring down the price. Certain credits will be shown at the time of quoting, but a few must be inquired about before they will apply.Cheaper insurance with discounts

Discounts lower rates, but most credits do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. If you do the math and it seems like all the discounts add up to a free policy, you aren’t that lucky.

The diagram below visualizes the comparison of Hyundai Genesis auto insurance rates with and without discounts applied to the premium. The information is based on a male driver, no claims or violations, California state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, marriage, claim-free, and multi-policy discounts applied.

A few companies that have some of the above discounts include:

If you need low cost Bakersfield car insurance quotes, ask each company or agent the best way to save money. Some of the discounts discussed earlier might not be offered in your area. To choose insurance companies that offer the discounts shown above in Bakersfield, click here to view.

When should I talk to an insurance agent?

Certain consumers still prefer to talk to an insurance agent and that is recommended in a lot of cases The best thing about getting online price quotes is you may find cheap car insurance rates and still have a local agent.

Insurance agents in BakersfieldBy using this quick form, your information is submitted to local insurance agents who will give you quotes for your coverage. You don’t have to leave your house since price quotes are sent instantly to you. Get lower rates and an insurance agent to talk to. If for some reason you want to compare rates from one company in particular, you just need to navigate to their website and fill out the quote form the provide.

Finding the right company requires you to look at more than just a cheap price quote. A good agent in Bakersfield will have answers to these questions.

Two types of car insurance agents

If you want a reliable insurance agency, you must know there are a couple different types of agents and how they can service your needs differently. Bakersfield agents may be either independent or exclusive depending on the company they work for.

Exclusive Insurance Agents

Agents that elect to be exclusive generally can only insure with one company like Farmers Insurance, Allstate, or State Farm. They are unable to provide prices from multiple companies so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are trained well on sales techniques which helps them compete with independent agents. Consumers often buy from the same agent for years mainly due to the brand and strong financial ratings.

Below is a list of exclusive insurance agencies in Bakersfield willing to provide comparison quotes.

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Independent Agents

Agents that choose to be independent do not have single company limitations and that allows them to write policies amongst many companies enabling the ability to shop coverage around. To move your coverage to a new company, your agent can just switch to a different company and you don’t have to switch agencies.

When searching for an agent, you absolutely need to check rates from a couple of independent agencies for maximum quote selection. Many independent agencies also insure through companies that do not advertise much which can be an advantage.

Shown below is a short list of independent agencies in Bakersfield that are able to give rate quotes.

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You can find cheaper coverage

Some insurance companies do not offer online rate quotes and most of the time these small insurance companies only sell coverage through local independent agencies. More affordable car insurance in Bakersfield can be bought on the web and also from your neighborhood Bakersfield agents, and you need to comparison shop both to have the best chance of lowering rates.

You just read a lot of ways to get a better price on Hyundai Genesis insurance in Bakersfield. It’s most important to understand that the more times you quote, the better your chances of lowering your premium rates. Consumers may even find the lowest auto insurance rates are with a small mutual company.

As you quote Bakersfield car insurance, do not reduce coverage to reduce premium. There are many occasions where consumers will sacrifice liability coverage limits and discovered at claim time that it was a big mistake. The goal is to purchase plenty of coverage at a price you can afford, not the least amount of coverage.

More detailed car insurance information is located by following these links: