A recent NerdWallet.com study revealed that nearly 70% of drivers have stayed with the same insurance company for more than four years, and 38% of drivers have never compared quotes from other companies. The average driver in Madison can cut their rates by almost $373 a year just by getting comparison quotes, but they underestimate the actual amount they would save if they just switched companies.
It takes a few minutes, but the best way to get affordable Hyundai Sonata insurance in Madison is to annually compare prices from insurance carriers who provide car insurance in Wisconsin.
Step 1: Read about individual coverages and the changes you can make to keep rates in check. Many factors that increase rates like inattentive driving and an imperfect credit rating can be remedied by making lifestyle changes or driving safer. Later in this article we will cover the details to prevent high prices and find additional discounts.
Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from one company like Progressive or State Farm, while independent agencies can quote prices for a wide range of companies. Compare rates
Step 3: Compare the new rate quotes to your existing coverage to determine if switching companies saves money. If you find a lower rate and decide to switch, make sure coverage is continuous and does not lapse.
A good tip to remember is to try to use similar limits and deductibles on every quote request and and to look at as many companies as feasibly possible. This ensures a fair rate comparison and a thorough selection of prices.
Low Cost companies for Hyundai Sonata insurance in Wisconsin
The companies shown below have been selected to offer free quotes in Wisconsin. To buy cheaper car insurance in Madison, it’s highly recommended you visit two to three different companies to get the best price comparison.
Car insurance statistics for a Hyundai Sonata
The rate table below showcases different coverage prices for Hyundai Sonata models. Having a good understanding how premiums are established can help you make informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $198 | $358 | $260 | $16 | $78 | $910 | $76 |
| Sonata GLS 4-Dr Sedan | $198 | $358 | $260 | $16 | $78 | $910 | $76 |
| Sonata GLS 4-Dr Sedan | $198 | $358 | $260 | $16 | $78 | $910 | $76 |
| Sonata SE 4-Dr Sedan | $198 | $422 | $260 | $16 | $78 | $974 | $81 |
| Sonata SE 4-Dr Sedan | $198 | $422 | $260 | $16 | $78 | $974 | $81 |
| Sonata Limited 4-Dr Sedan | $224 | $422 | $260 | $16 | $78 | $1,000 | $83 |
| Sonata Limited 4-Dr Sedan | $224 | $422 | $260 | $16 | $78 | $1,000 | $83 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Prices do not factor in the specific area where the vehicle is garaged which can alter price quotes greatly.
Deductible comparison
A question often asked by Madison drivers is what deductibles to buy. The following tables highlight the premium difference of buying low and high comp and collision deductibles. The first set of rates uses a $100 deductible and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $198 | $358 | $260 | $16 | $78 | $935 | $78 |
| Sonata GLS 4-Dr Sedan | $198 | $358 | $260 | $16 | $78 | $935 | $78 |
| Sonata GLS 4-Dr Sedan | $198 | $358 | $260 | $16 | $78 | $935 | $78 |
| Sonata SE 4-Dr Sedan | $198 | $422 | $260 | $16 | $78 | $999 | $83 |
| Sonata SE 4-Dr Sedan | $198 | $422 | $260 | $16 | $78 | $999 | $83 |
| Sonata Limited 4-Dr Sedan | $224 | $422 | $260 | $16 | $78 | $1,025 | $85 |
| Sonata Limited 4-Dr Sedan | $224 | $422 | $260 | $16 | $78 | $1,025 | $85 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sonata GLS 4-Dr Sedan | $144 | $242 | $260 | $16 | $78 | $740 | $62 |
| Sonata GLS 4-Dr Sedan | $144 | $242 | $260 | $16 | $78 | $740 | $62 |
| Sonata GLS 4-Dr Sedan | $144 | $242 | $260 | $16 | $78 | $740 | $62 |
| Sonata SE 4-Dr Sedan | $144 | $284 | $260 | $16 | $78 | $782 | $65 |
| Sonata SE 4-Dr Sedan | $144 | $284 | $260 | $16 | $78 | $782 | $65 |
| Sonata Limited 4-Dr Sedan | $164 | $284 | $260 | $16 | $78 | $802 | $67 |
| Sonata Limited 4-Dr Sedan | $164 | $284 | $260 | $16 | $78 | $802 | $67 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Rate information does not factor in vehicle garaging location which can modify insurance rates noticeably.
Based on this data, we can arrive at the conclusion that using a $100 deductible will cost in the ballpark of $17 more each month or $204 each year than requesting the higher $500 deductible. Since you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 24 months between claims, you would more than likely save some money by going with a higher deductible.
How to determine when to raise your deductibles
| Average monthly premium for $100 deductibles: | $81 |
| Average monthly premium for $500 deductibles (subtract): | – $64 |
| Monthly savings from raising deductible: | $17 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $17 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 24 months |
Safe drivers Madison pay cheaper rates
The example below illustrates how speeding tickets and fender-benders can raise Hyundai Sonata auto insurance rates for different insured age categories. The price estimates are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
Full coverage versus liability only rates
The chart below compares Hyundai Sonata annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no tickets, no at-fault accidents, $500 deductibles, marital status is single, and no additional discounts are factored in.
When to eliminate full coverage
There is no clear-cut rule for excluding comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
For example, let’s say your Hyundai Sonata settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $2,000 after paying your policy deductible. If you are currently paying more than $200 annually for full coverage, then it could be time to drop full coverage.
There are some conditions where dropping full coverage is not recommended. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not opt for liability only.
Take policy discounts and save on Hyundai Sonata insurance in Madison
Insurance is easily one of your largest bills, but companies offer discounts to help offset the cost. Some discounts apply automatically when you quote, but occasionally some discounts must be inquired about before being credited.
- Organization Discounts – Participating in qualifying clubs or civic groups can get you a small discount on your policy.
- More Vehicles More Savings – Buying insurance for multiple vehicles on one policy may reduce the rate for each vehicle.
- Bundle and Save – If you can combine your auto and homeowners policy and insure them both with the same insurance company you may save up to 20% and get you cheaper Sonata insurance.
- Theft Prevention System – Anti-theft and alarm system equipped vehicles are less likely to be stolen and earn discounts up to 10% off your Madison car insurance quote.
- Life Insurance – Some insurance companies give a discount if you purchase auto and life insurance together.
- Early Switch Discount – A few companies offer discounts for switching companies prior to your current Sonata insurance policy expiration. The savings is around 10%.
- Student Discounts – Maintaining excellent grades may save as much as 25% on a Madison car insurance quote. The discount lasts until age 25.
- Save over 55 – Mature drivers may receive a discount up to 10%.
- Resident Student – College-age children who are enrolled in higher education away from home and do not have a car can receive lower rates.
- ABS Brakes – Vehicles with ABS and/or traction control can reduce accidents and the ABS can save up to 10%.
Drivers should understand that most of the big mark downs will not be given to the entire cost. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. If you do the math and it seems like you can get free auto insurance, it just doesn’t work that way.
The illustration below visualizes the comparison of Hyundai Sonata auto insurance rates with and without discounts applied. The premiums assume a female driver, a clean driving record, no at-fault accidents, Wisconsin state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, homeowner, multi-policy, claim-free, and safe-driver discounts applied.
A list of insurance companies and the discounts they provide can be found below.
- State Farm offers premium reductions for student away at school, driver’s education, multiple autos, multiple policy, and defensive driving training.
- GEICO offers discounts including defensive driver, five-year accident-free, driver training, seat belt use, and multi-vehicle.
- SAFECO may have discounts that include teen safety rewards, drive less, safe driver, anti-theft, teen safe driver, and accident prevention training.
- Farmers Insurance offers discounts for multi-car, teen driver, early shopping, good student, and homeowner.
- AAA may include discounts for AAA membership discount, multi-car, good driver, anti-theft, education and occupation, and pay-in-full.
- USAA may offer discounts for family discount, vehicle storage, safe driver, good student, and defensive driver.
Before buying, ask all the companies to give you their best rates. Discounts may not be available in your area. To see a list of companies who offer discounts in Wisconsin, follow this link.
You Can Change Your Insurance Prices
Smart consumers have a good feel for the factors that are used to determine your premiums. When you know what positively or negatively positively or negatively impacts your premiums, this enables informed choices that could help you find cheaper rates.
Insurance rates for married couples – Getting married can get you a discount on auto insurance. Having a significant other usually means you are more mature and responsible it has been statistically shown that being married results in fewer claims.
Teen driver insurance costs – Drivers with little experience are proven to be easily distracted in a vehicle so they pay higher auto insurance rates. More experienced drivers tend to be more responsible, cost insurance companies less in claims, and usually have better credit.
The next chart assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.
Prices are impacted by vehicle performance – The type of car you are insuring makes a substantial difference in your auto insurance rates. The lowest rates are usually for low performance passenger cars, but other factors influence the final cost greatly.
The chart below uses these variables: married male driver age 50, full coverage with $250 deductibles, and no discounts or violations. It illustrates Hyundai Sonata rates compared to other models of vehicles that have a range of performance risks.
How credit rating affects auto insurance rates – Having a bad credit score is a big factor in calculating your auto insurance rates. So if your credit can be improved, you could pay less to insure your Hyundai Sonata if you clean up your credit. Drivers who have excellent credit tend to be better risks to insure than drivers with lower credit ratings.
Claims statistics for a Hyundai Sonata – Insurance companies include the past claim trends for vehicles to calculate a rate that will offset losses. Vehicles that the statistics show to have higher claim amounts or frequency will have a higher premium rate.
The table below shows the historical loss data for Hyundai Sonata vehicles. For each policy coverage type, the claim probability for all vehicles, as a total average, is set at 100. Values below 100 are indicative of better than average losses, while numbers shown that are more than 100 indicate more frequent claims or tendency to have higher losses.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Hyundai Sonata | 129 | 88 | 101 | 138 | 149 | 110 |
| Hyundai Sonata Hybrid | 142 | 116 | 119 | 124 | 138 | 121 |
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Insurance can get complicated
When quoting and comparing the best insurance coverage for your vehicles, there really isn’t a single plan that fits everyone. Everyone’s situation is a little different and a cookie cutter policy won’t apply.
For example, these questions can help discover whether you may require specific advice.
- Am I covered if I wreck a rental car?
- Is rental equipment covered for theft or damage?
- Why are teen drivers so expensive to add on to my policy?
- Does my personal policy cover me when driving out-of-state?
- Is my state a no-fault state?
- Is business property covered if stolen from my car?
- Do I need replacement cost coverage?
If you can’t answer these questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.
Buying insurance from Madison insurance agents
A small number of people just prefer to get advice from a local agent. One of the best bonuses of getting free rate quotes online is that you can find lower rates and still choose a local agent. And providing support for small agencies is still important in Madison.
To make it easy to find an agent, after completing this short form, your insurance data is sent to agents in your area who can give free rate quotes to get your business. There is no reason to contact any agents as quotes are delivered directly to you. You can find lower rates without having to waste a lot of time. If you wish to get a rate quote from a specific company, you would need to jump over to their website to submit a rate quote request.
Finding the right insurer requires you to look at more than just the price. Any agent in Madison should be willing to answer these questions.
- Which family members are covered?
- Do they specialize in personal lines coverage in Madison?
- Do they assist clients in filing claims?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Are they paid to recommend certain coverages?
- Can you contact them at any time?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Are they giving you every discount you deserve?
Auto insurance companies ranked
Buying coverage from the right auto insurance provider can be a challenge considering how many different companies there are to choose from in Madison. The company rank data below could help you select which coverage providers to look at when comparing rates.
| 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 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| 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: Insure.com Best Car Insurance Companies
You can find affordable coverage
As you go through the steps to switch your coverage, it’s a bad idea to reduce needed coverages to save money. There have been many situations where someone dropped full coverage and learned later that the savings was not a smart move. Your objective should be to purchase plenty of coverage for the lowest price and still be able to protect your assets.
The cheapest Hyundai Sonata insurance in Madison is possible online and also from your neighborhood Madison agents, and you need to comparison shop both to get a complete price analysis. A few companies do not provide online quoting and these regional insurance providers work with independent agents.
Other information
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Who Has Affordable Auto Insurance Rates for Welfare Recipients in Madison? (FAQ)
- Who Has the Cheapest Madison Auto Insurance for 4×4 Vehicles? (FAQ)
- What Insurance is Cheapest for a Chevrolet Traverse in Madison? (FAQ)
- Who Has Affordable Madison Car Insurance for High Risk Drivers? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Government Employees in Madison? (FAQ)
- Collision Coverage (Liberty Mutual)
- Choosing a Car for Your Teen (State Farm)
- Uninsured Motorist Statistics (Insurance Information Institute)
- Child Safety Seats (Insurance Information Institute)