Would you like to stop wasting money and find the cheapest Hyundai Genesis insurance in Atlanta? Nobody that owns a car likes buying insurance, especially when they know the cost is too high.
Remarkably, a study showed that the vast majority of insurance customers kept their coverage with the same insurance company for a minimum of four years, and nearly the majority have never compared rates with other companies. Drivers in Georgia can save hundreds of dollars each year, but they don’t believe the benefits if they switched to a cheaper policy. There are many auto insurance companies to pick from, and even though it’s nice to be able to choose, too many choices makes it more difficult to get the best deal for Hyundai Genesis insurance in Atlanta.
Finding the cheapest coverage in Atlanta is quite easy. If you have insurance now, you will definitely be able to find the best rates using the ideas covered in this article. Comparison shoppers just need to learn the quickest way to compare prices on the web.
Components of Your Hyundai Genesis Insurance Costs
It’s important that you understand some of the things that aid in calculating the price you pay for car insurance. When consumers understand what positively or negatively impacts your premiums, this allows you to make good choices that may reward you with big savings. Multiple criteria are used when you get a price on insurance. Some factors are common sense like an MVR report, but some are more obscure like where you live and annual miles driven.
The items below are a few of the things used by insurance companies to determine prices.
- Certain occupations pay higher prices – Do you work in a high-stress field? Occupations like military generals, air traffic controllers, and financial analysts usually pay the highest rates because of high stress levels and lots of time spent away from family. Other professions such as professors, students and performers have the lowest average rates.
- Traffic violations hurt – Your driving record has a big impact on rates. Having just one ticket could increase your next policy renewal twenty percent or more. Good drivers receive lower rates as compared to careless drivers. Drivers with multiple violations such as DUI or reckless driving may face state-mandated requirements to submit a SR-22 form with their state motor vehicle department in order to legally drive a vehicle.
- Raise coverage deductibles and save – Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, helps pay for damage to your vehicle. A few examples of covered claims are a dented fender, vandalism, or theft. The deductibles you choose define how much you are willing to pay in the event of a claim. The higher the amount you’re willing to pay, the less money you will pay for car insurance.
- What are good liability limits? – Your car insurance policy’s liability coverage will afford coverage when you are found liable for causing damage or personal injury in an accident. Your policy’s liability insurance provides legal defense coverage to attempt to prove you were not liable. Liability insurance is quite affordable as compared to coverage for physical damage, so do not cut corners here.
- Alarm systems lower prices – Owning a car with a theft deterrent system can save you a little every year. Anti-theft devices like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all aid in stopping car theft.
- Infrequent drivers can save – The more you drive every year the higher the price you pay to insure it. Most companies charge rates based upon how much you drive. Cars that are left in the garage can get a lower rate than those used for commuting. An improperly rated Genesis may be costing you. Make sure your car insurance declarations sheet properly reflects the correct driver usage, because it can save money.
- Lower rates for safer cars – Vehicles with good safety scores tend to have lower insurance rates. These vehicles result in less severe injuries and reduced instances of injuries means less claims paid passed on to you as lower rates. If your Hyundai Genesis earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may be receiving a better rate.
- Insurance loss data for a Hyundai Genesis – Insurers include the past claim trends for vehicles as a tool for profitable underwriting. Models that the statistics show to have higher frequency or amount of claims will have a higher premium rate.
The table shown below demonstrates the compiled insurance loss statistics for Hyundai Genesis vehicles. For each insurance policy coverage type, the statistical loss for all vehicles, regardless of make or model, equals 100. Values below 100 indicate a favorable loss history, while values that are above 100 indicate higher probability of having a loss or an increased chance of a larger loss.
Hyundai Genesis Insurance Loss Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Hyundai Genesis 178 122 117 119 103 117 Hyundai Genesis 4dr 154 71 154 85 99 Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Most major insurance companies like Progressive, GEICO, Allstate and State Farm make it easy to get insurance quotes on their websites. Comparing prices online for Hyundai Genesis insurance in Atlanta doesn’t take much effort as you just enter your personal and coverage information as requested by the quote form. After you complete the form, the quote system makes automated requests for your driving record and credit report and provides a quote based on many factors. The ability to get online price quotes for Hyundai Genesis insurance in Atlanta streamlines rate comparisons, and it’s necessary to perform this step if you are searching for the cheapest price possible.
If you want to compare rates using this form now, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended that you enter the coverages exactly as shown on your declarations page. Doing this assures you will have comparison quotes for the exact same coverage.
The companies shown below are ready to provide quotes in Georgia. If the list has multiple companies, we recommend you visit several of them to get a more complete price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $332 | $680 | $502 | $30 | $150 | $1,694 | $141 |
| Genesis 3.8 4-Dr Sedan | $226 | $430 | $434 | $26 | $130 | $1,246 | $104 |
| Genesis 2.0T Premium 2-Dr Coupe | $366 | $786 | $640 | $38 | $192 | $2,022 | $169 |
| Genesis 3.8 2-Dr Coupe | $436 | $694 | $644 | $38 | $192 | $2,004 | $167 |
| Genesis 2.0T Track 2-Dr Coupe | $182 | $362 | $462 | $28 | $138 | $1,172 | $98 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $348 | $640 | $506 | $30 | $152 | $1,676 | $140 |
| Genesis 4.6 4-Dr Sedan | $388 | $762 | $344 | $20 | $104 | $1,618 | $135 |
| Genesis 3.8 Track 2-Dr Coupe | $304 | $730 | $596 | $36 | $178 | $1,844 | $154 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Georgia minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Price information does not factor in garaging location in Atlanta which can lower or raise coverage prices considerably.
Difference between full coverage and liability only rates
The chart below shows the comparison of Hyundai Genesis auto insurance rates with full coverage and liability only. The data is based on no driving violations, no at-fault accidents, $250 deductibles, single male driver, and no discounts are applied to the premium.
When to buy liability coverage only
There isn’t a written rule to delete full coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let’s say your Hyundai Genesis replacement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $7,000 after paying the physical damage deductible. If you are paying in excess of $700 a year for physical damage coverage, then it might be time to buy liability only.
There are some situations where buying only liability insurance is not a good plan. If you still have a lienholder on your title, you are required to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not drop full coverage.
Impact of age and gender on car insurance rates
The diagram below compares Hyundai Genesis car insurance rates for male and female drivers. The premium estimates are based on no violations or accidents, comp and collision included, $100 deductibles, drivers are not married, and no policy discounts are applied.
An analysis of deductible level
When comparing car insurance rates, the most common question is how high should the physical damage coverage deductibles be. The comparisons below may aid in understanding the rate fluctuation when you choose different physical damage coverage deductibles. The first rate comparisons uses a $250 deductible for physical damage and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $344 | $694 | $492 | $30 | $148 | $1,733 | $144 |
| Genesis 3.8 4-Dr Sedan | $382 | $604 | $334 | $20 | $100 | $1,465 | $122 |
| Genesis 2.0T Premium 2-Dr Coupe | $382 | $694 | $492 | $30 | $148 | $1,771 | $148 |
| Genesis 3.8 2-Dr Coupe | $382 | $694 | $492 | $30 | $148 | $1,771 | $148 |
| Genesis 2.0T Track 2-Dr Coupe | $382 | $694 | $492 | $30 | $148 | $1,771 | $148 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $382 | $694 | $492 | $30 | $148 | $1,771 | $148 |
| Genesis 4.6 4-Dr Sedan | $382 | $694 | $334 | $20 | $100 | $1,555 | $130 |
| Genesis 3.8 Track 2-Dr Coupe | $382 | $786 | $492 | $30 | $148 | $1,863 | $155 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $212 | $438 | $492 | $30 | $148 | $1,320 | $110 |
| Genesis 3.8 4-Dr Sedan | $236 | $380 | $334 | $20 | $100 | $1,070 | $89 |
| Genesis 2.0T Premium 2-Dr Coupe | $236 | $438 | $492 | $30 | $148 | $1,344 | $112 |
| Genesis 3.8 2-Dr Coupe | $236 | $438 | $492 | $30 | $148 | $1,344 | $112 |
| Genesis 2.0T Track 2-Dr Coupe | $236 | $438 | $492 | $30 | $148 | $1,344 | $112 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $236 | $438 | $492 | $30 | $148 | $1,344 | $112 |
| Genesis 4.6 4-Dr Sedan | $236 | $438 | $334 | $20 | $100 | $1,128 | $94 |
| Genesis 3.8 Track 2-Dr Coupe | $236 | $494 | $492 | $30 | $148 | $1,400 | $117 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Georgia minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Price estimates do not factor in the specific area where the vehicle is garaged which can revise price quotes considerably.
Using the premium rates above, we can conclude that using a $250 deductible costs an average of $36 more each month or $432 each year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you have at a minimum 21 months between claim filings, you would probably come out ahead if you choose the higher deductible.
Best reasons to buy insurance in Georgia
Despite the fact that insurance is not cheap in Atlanta, insuring your vehicle is required by state law in Georgia and it also provides benefits you may not be aware of.
- Just about all states have mandatory liability insurance requirements which means the state requires a specific minimum amount of liability if you don’t want to risk a ticket. In Georgia these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your Hyundai Genesis, it’s most likely the lender will make it a condition of the loan that you carry insurance to ensure they get paid if you total the vehicle. If you default on your policy, the bank may buy a policy for your Hyundai at an extremely high rate and make you pay for the expensive policy.
- Insurance protects not only your vehicle but also your financial assets. It will also cover most medical and hospital costs for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.
The benefits of having insurance more than offset the price you pay, particularly if you ever have a claim. In a recent study of 1,000 drivers, the average customer is currently overpaying as much as $850 per year so smart consumers compare quotes every year to make sure the price is not too high.
Check for these discounts
Not too many consumers would say car insurance is affordable, but you might find some hidden discounts that many people don’t even know exist. Certain reductions will be credited when you complete an application, but a few need to be asked about prior to getting the savings.
- Buy New and Save – Buying insurance coverage on a new vehicle can cost up to 25% less because newer vehicles keep occupants safer.
- Discounts for Good Drivers – Insureds who avoid accidents may save up to 50% more as compared to drivers with claims.
- Home Ownership Discount – Owning a home in Atlanta can help you save on car insurance because owning a home is proof of financial responsibility.
- Multiple Cars – Having more than one vehicle with the same company could earn a price break for each car.
- Theft Deterrent System – Cars and trucks equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
- Passenger Safety Discount – Vehicles with factory air bags or motorized seat belts can get savings of up to 25% or more.
- Paper-free Discount – Some larger companies will give you a small discount for signing up on the internet.
- Waiver for an Accident – This one is not really a discount per se, but a handful of insurance companies will turn a blind eye to one accident before hitting you with a surcharge if you are claim-free prior to the accident.
- Onboard Data Collection – Insureds who allow driving data submission to look at driving patterns remotely such as In-Drive from State Farm or Allstate’s Drivewise system may get a rate reduction as long as the data is positive.
One thing to note about discounts is that most of the big mark downs will not be given to the entire cost. A few only apply to individual premiums such as medical payments or collision. So when the math indicates all those discounts means the company will pay you, companies don’t profit that way.
Companies and a selection of discounts are detailed below.
- State Farm offers premium reductions for good driver, good student, Drive Safe & Save, multiple policy, and accident-free.
- Esurance offers discounts for safety device, defensive driver, multi-policy, anti-theft, homeowner, good driver, and emergency road assistance.
- Progressive policyholders can earn discounts including continuous coverage, online quote discount, multi-policy, good student, online signing, and multi-vehicle.
- Liberty Mutual may include discounts for newly retired, new graduate, teen driver discount, preferred payment discount, hybrid vehicle, and exclusive group savings.
- Auto-Owners Insurance has discounts for paperless, company car, anti-lock brakes, anti-theft, mature driver, and multiple vehicles.
- GEICO includes discounts for air bags, anti-lock brakes, multi-policy, five-year accident-free, anti-theft, seat belt use, and driver training.
Before buying, ask all companies you are considering to give you their best rates. Savings may not apply to policyholders in Atlanta.
Insurance agencies near you
Some people prefer to buy from a licensed agent and often times that is recommended Professional agents can help determine the best coverages and help you file claims. The best thing about comparing insurance prices online is the fact that drivers can get cheap insurance rates and still buy from a local agent.
After completing this form (opens in new window), your information is emailed to local insurance agents in Atlanta who want to provide quotes for your coverage. You never need to drive around since rate quotes are delivered to you instantly. If you want to get a comparison quote from a particular provider, you just need to find their quoting web page and fill out the quote form the provide.
Finding a good provider shouldn’t rely on just the price. Any good agent in Atlanta should know the answers to these questions.
- Where would glass claims be handled in Atlanta?
- Which insurance companies are they affiliated with?
- If your car is totalled, how to they determine the replacement cost?
- Can they provide you with a list of referrals?
- Are they able to influence company decisions when a claim is filed?
- Which insurance company do they prefer to write with?
Types of car insurance agents in Atlanta
If you want to buy insurance from a reputable insurance agent or broker, you must know there are a couple types of agencies and how they differ in how they can insure your vehicles. Agencies in Atlanta can be classified as either exclusive or independent. Either one can write policy coverage, but we need to point out why they differ since it may influence the type of agent you choose.
Exclusive Insurance Agents
Agents in the exclusive channel can only provide one company’s prices and some examples include American Family, State Farm, and AAA. Exclusive agents are unable to place coverage with different providers so always compare other rates. Exclusive agents are well schooled in insurance sales which helps them sell insurance even at higher premiums.
Listed below are Atlanta exclusive insurance agencies willing to provide rate quotes.
Allstate Insurance: Enrico Lewis
777 Cleveland Ave SW Ste 104 – Atlanta, GA 30315 – (404) 761-9556 – View Map
Lisa Dobbs – State Farm Insurance Agent
2323 Cumberland Pkwy SE #101 – Atlanta, GA 30339 – (404) 365-8515 – View Map
Kerry Mitchell – State Farm Insurance Agent
2900 Chamblee-Tucker Rd, Bldg 15 – Atlanta, GA 30341 – (770) 455-0017 – View Map
Independent Insurance Agents
Agents that choose to be independent can sell policies from many different companies so they have the ability to put coverage amongst many companies enabling the ability to shop coverage around. If premiums increase, they simply move your policy to a different company and you don’t have to find a new agent.
If you are trying to find cheaper rates, you should always compare quotes from a couple of independent agencies to maximize your price options.
Below is a short list of independent agents in Atlanta willing to provide price quotes.
Access General Agency Inc
1627 Peachtree St NE – Atlanta, GA 30309 – (404) 817-9744 – View Map
Nationwide Insurance: Kevin Thompson Agency
216 14th St NW #8 – Atlanta, GA 30318 – (470) 355-1973 – View Map
Mack Insurance Agency, Inc.
530 Joseph E Lowery Blvd SW A – Atlanta, GA 30310 – (470) 771-3398 – View Map
Cheaper auto insurance is a realistic goal
We just presented many ways to find cheaper Hyundai Genesis insurance in Atlanta. The key concept to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers may even find the best premium rates are with a small mutual company. These smaller insurers can often provide lower prices in certain areas as compared to the big name companies such as Allstate, GEICO and Progressive.
The cheapest Hyundai Genesis insurance in Atlanta is attainable from both online companies and from local agencies, so you need to quote Atlanta auto insurance with both in order to have the best price selection to choose from. Some insurance providers do not provide the ability to get a quote online and usually these small insurance companies work with independent agents.
Other resources
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- How Much are Atlanta Auto Insurance Quotes for First-time Drivers? (FAQ)
- How Much are Car Insurance Quotes for High Risk Drivers in Atlanta? (FAQ)
- What Car Insurance is Cheapest for Drivers Over Age 70 in Atlanta? (FAQ)
- Senior Drivers (Insurance Information Institute)
- What does Personal Injury Protection (PIP) Cover? (Allstate)