The most effective way to find affordable Hyundai Genesis insurance in Durham is to start comparing prices regularly from insurance carriers that sell auto insurance in North Carolina. This can be done by following these steps.
First, spend some time learning about what is in your policy and the measures you can control to prevent expensive coverage. Many risk factors that drive up the price such as accidents, traffic tickets, and an unacceptable credit history can be eliminated by paying attention to minor details.
Second, request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from one company like Progressive or State Farm, while independent agencies can provide prices for a wide range of companies.
Third, compare the price quotes to the premium of your current policy to see if you can save by switching companies. If you find a better price and buy the policy, verify that coverage does not lapse between policies.
A good tip to remember is that you use the same amount of coverage on every quote request and and to get price quotes from every insurance company. This guarantees the most accurate price comparison and a complete selection of prices.
A recent auto insurance study discovered that most auto insurance customers renewed their policy with the same company for well over three years, and nearly half have never compared rate quotes at all. North Carolina consumers could save an average of as much as $100 each year, but they just don’t understand how easy it is to find affordable auto insurance rates.
If you currently have a car insurance policy, you stand a good chance to be able to reduce premiums using the ideas presented in this article. Comparing rates for the lowest cost protection in Durham is quite easy. But North Carolina vehicle owners do need to learn the way companies set your policy premium and use it to your advantage.
How much does Hyundai Genesis insurance in Durham cost?
Keep in mind that obtaining a wide range of quotes increases the chance that you will find more affordable insurance. Not every company allows you to get price estimates online, so you need to compare prices on coverage from those companies, too.
The companies in the list below are our best choices to provide price quotes in Durham, NC. If you wish to find the best auto insurance in Durham, we suggest you click on several of them to find the most affordable car insurance rates.
Protect more than your vehicle
Despite the high cost of buying insurance for a Hyundai Genesis in Durham, insurance may be mandatory for several reasons.
- Most states have mandatory liability insurance requirements which means you are required to buy a specific minimum amount of liability coverage if you drive a vehicle. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your Hyundai Genesis, almost every bank will stipulate that you have insurance to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the lender will be forced to insure your Hyundai for a lot more money and require you to pay the higher price.
- Insurance preserves your car and your assets. It will also provide coverage for medical bills for not only you but also any passengers injured in an accident. As part of your policy, liability insurance will also pay to defend you in the event you are sued. If damage is caused by hail or an accident, your policy will pay to repair the damage.
The benefits of insuring your car more than offset the price you pay, particularly when you have a large claim. Unknowingly, the average driver is currently overpaying as much as $820 a year so you should quote rates every year to make sure the price is not too high.
Auto insurance statistics and figures
The premium table displayed next covers detailed analysis of insurance prices for Hyundai Genesis models. Learning more about how insurance prices are figured is important for making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $202 | $354 | $408 | $24 | $122 | $1,110 | $93 |
| Genesis 3.8 4-Dr Sedan | $224 | $308 | $278 | $16 | $84 | $910 | $76 |
| Genesis 2.0T Premium 2-Dr Coupe | $224 | $354 | $408 | $24 | $122 | $1,132 | $94 |
| Genesis 3.8 2-Dr Coupe | $224 | $354 | $408 | $24 | $122 | $1,132 | $94 |
| Genesis 2.0T Track 2-Dr Coupe | $224 | $354 | $408 | $24 | $122 | $1,132 | $94 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $224 | $354 | $408 | $24 | $122 | $1,132 | $94 |
| Genesis 4.6 4-Dr Sedan | $224 | $354 | $278 | $16 | $84 | $956 | $80 |
| Genesis 3.8 Track 2-Dr Coupe | $224 | $402 | $408 | $24 | $122 | $1,180 | $98 |
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Premium amounts do not factor in vehicle garaging location which can raise or lower insurance rates substantially.
The chart below demonstrates how choosing different deductibles and can increase or decrease Hyundai Genesis insurance premiums for different insured age categories. The premiums assume a married female driver, full coverage, and no policy discounts are applied.
Drive responsibly or pay higher rates
The chart below illustrates how traffic citations and at-fault collisions impact Hyundai Genesis yearly insurance costs for different age categories. The rate quotes are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no other discounts are factored in.
Premiums by gender and age
The information below shows the comparison of Hyundai Genesis car insurance rates for male and female drivers. The rates are based on no driving violations, no at-fault accidents, comp and collision included, $1,000 deductibles, drivers are not married, and no other discounts are factored in.
Hyundai Genesis full coverage rates compared to liability only
The illustration below visualizes the comparison of Hyundai Genesis premium costs with liability coverage only compared to full coverage. The data assumes a clean driving record, no claims, $100 deductibles, single marital status, and no discounts are applied.
Should you be buying full coverage?
There is no specific rule to stop buying comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is more than about 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.
For example, let’s say your Hyundai Genesis book value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $6,000 after the policy deductible has been paid. If premium cost is more than $600 annually for full coverage, then you might want to think about dropping full coverage.
There are a few cases where buying only liability insurance is not advised. If you still owe a portion of the original loan, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.
Six discounts for cheaper insurance quotes
The price of auto insurance can be rather high, but you can get discounts that many people don’t even know exist. Certain discounts will be triggered automatically when you get a quote, but a few need to be asked about before they will apply. If you are not receiving all the discounts you deserve, you are paying more than you should be.
- Defensive Driver Discount – Taking part in a safe driver course could save 5% or more and easily pay for the cost of the class.
- Braking Control Discount – Cars and trucks that have anti-lock braking systems have fewer accidents and the ABS can save up to 10%.
- Theft Deterrent – Cars, trucks, and SUVs optioned with advanced anti-theft systems help deter theft and that can save you a little bit as well.
- Driving Data Discount – Insureds who allow their insurance company to monitor where and when they drive by installing a telematics device such as Progressive’s Snapshot may see discounts if they show good driving skills.
- Seat Belt Discounts – Drivers who require all occupants to wear their seat belts can save 10% or more on the premium charged for medical payments and/or PIP.
- Multi-policy Discount – If you have multiple policies and place coverage with the same company you will save 10% to 20% off each policy.
You should keep in mind that some of the credits will not apply to the whole policy. Some only apply to individual premiums such as medical payments or collision. So even though they make it sound like you could get a free insurance policy, it doesn’t quite work that way.
The information below illustrates the difference between Hyundai Genesis car insurance rates with and without discounts applied to the premium. The costs are based on a male driver, no violations or claims, North Carolina 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, marriage, multi-policy, multi-car, claim-free, and homeowner discounts applied.
Some companies who might offer these discounts are:
When quoting, ask each company or agent to apply every possible discount. Some of the discounts discussed earlier might not be available to policyholders in your state.
What is the best car insurance company in North Carolina?
Ending up with the highest-rated car insurance provider can be challenging considering how many companies provide coverage in Durham. The company ratings in the next section could help you choose which providers you want to consider comparing rates with.
Top 10 Durham Car Insurance Companies Ranked by Value
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
- Titan Insurance
Top 10 Durham Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%