Have you finally had enough of scraping nickels together to pay high insurance rates every month? You’re in the same situation as the majority of other consumers in Texas.
A study showed that most consumers kept their coverage with the same insurance company for four years or more, and just under half have never quoted insurance rates at all. Consumers in Texas could save themselves nearly $1,800 a year by just comparing quotes, but most undervalue the amount of savings they would get if they switch to a new company. Because there are so many choices of insurance companies that have cheap insurance for a Hyundai Veloster in Houston, it can be challenging to find the lowest price insurance provider.
You need to compare rates periodically because insurance rates fluctuate regularly. Even if you think you had the best deal on Hyundai Veloster insurance in Houston six months ago you can probably find a lower rate today. Block out anything you think you know about insurance because you’re about to find out the proper way to find great coverage at a great price.
Locating the most cost-effective auto insurance policy in Houston is actually quite easy if you know where to start. If you’re already insured or are shopping for new coverage, use these techniques to find the best rates without reducing coverage. Drivers only need an understanding of the least time-consuming way to compare rates instantly.
The providers in the list below are ready to provide free rate quotes in Texas. If several companies are displayed, we suggest you compare several of them to get the cheapest price.
Auto insurance just makes sense
Despite the high cost, paying for auto insurance is mandatory in Texas but it also protects more than you think.
First, most states have compulsory liability insurance requirements which means the state requires a specific minimum amount of liability protection in order to license the vehicle. In Texas 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.
Second, if you have a lien on your vehicle, more than likely the lender will require that you carry insurance to ensure loan repayment if the vehicle is totalled. If you default on your policy, the bank may insure your Hyundai for a lot more money and require you to reimburse them a much higher amount than you were paying before.
Third, insurance safeguards not only your vehicle but also your financial assets. It will also cover most medical and hospital costs for both you and anyone you injure as the result of an accident. Liability insurance will also pay to defend you in the event you are sued. If your vehicle suffers damage from an accident or hail, your auto insurance policy will pay to restore your vehicle to like-new condition.
The benefits of buying auto insurance greatly outweigh the cost, particularly if you ever have a claim. As of last year, the average driver in Texas overpays as much as $700 annually so it’s very important to do a rate comparison at least once a year to help ensure money is not being wasted.
Why Informed Consumers Pay Less for Hyundai Veloster Insurance
Many different elements are taken into consideration when you quote your car insurance policy. Some of the criteria are obvious like a motor vehicle report, but others are more obscure such as whether you are married or your vehicle rating. An important part of buying insurance is that you know some of the elements that go into determining your policy premiums. When you understand what controls the rates you pay, this allows you to make good choices that could help you find cheaper rates.
Always have car insurance – Having an insurance coverage lapse is a quick way to trigger a rate increase. Not only will you pay more, not being able to provide proof of insurance may earn you a steep fine or even jail time.
Five star safety rating saves money – Vehicles with high crash test scores can get you lower premiums. The safest vehicles result in less severe injuries and reduced instances of injuries translates directly to fewer claims which can mean better rates for you. If your Hyundai Veloster scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
Incidental coverages are wasting money – There are a lot of extra bells and whistles that can add up but may not be useful. Insurance for things like coverage for rental cars, towing, and extra life insurance coverage may be costing you every month. They may seem good when talking to your agent, but if you don’t need them remove them and pocket the money.
Costs impacted by vehicle usage – Driving more miles annually the more you’ll pay to insure it. Almost all companies apply a rate based on how the vehicle is used. Cars that have low annual miles can be on a lower rate level than those used for commuting. Improper usage on your Veloster is just wasting money. Double check that your car insurance coverage is rated on the right rating data, because it can save money.
High credit scores equal low costs – A driver’s credit score factor in determining premium rates. So if your credit history is not that good, you could potentially save money when insuring your Hyundai Veloster by improving your credit score. Consumers who have excellent credit scores tend to be better drivers and file fewer claims as compared to drivers with lower credit scores.
Hyundai Veloster statistical loss data – Insurance companies take into consideration historical loss data for every vehicle to help set a rate to offset losses. Models that historically have higher losses will cost more for coverage. The table below demonstrates the insurance loss data used by companies for Hyundai Veloster vehicles.
For each coverage category, the loss probability for all vehicles averaged together is considered to be 100. Percentage numbers below 100 indicate better than average losses, while numbers above 100 indicate more frequent claims or an increased chance of a larger loss.
Insurance Loss Ratings for Hyundai Veloster Vehicles
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Hyundai Veloster | 109 | 112 | 88 | 112 | 129 | 116 |
| Hyundai Veloster Turbo | 116 | 87 | 104 | 98 | 89 | 101 |
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Save money on Hyundai Veloster insurance in Houston with these discounts
Auto insurance companies don’t always publicize every possible discount in an easy-to-find place, so we took the time to find some of the best known as well as the least known savings tricks you should be using when you buy Houston car insurance online. If you do not double check each discount you deserve, you are not getting the best rate possible.
- Multi-Vehicle Discounts – Buying a policy with multiple cars or trucks on the same car insurance policy could earn a price break for each car.
- Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to wear their seat belts can save up to 10 percent (depending on the company) off the medical payments premium.
- Defensive Driver Discount – Completing a safe driver course is a good idea and can lower rates and easily pay for the cost of the class.
- Clubs and Organizations – Being in a civic or occupational organization in Houston could trigger savings on car insurance.
- No Claim Discounts – Good drivers with no accidents can earn big discounts as compared to drivers who are more careless.
A little disclaimer on discounts, many deductions do not apply to the entire policy premium. Some only reduce individual premiums such as medical payments or collision. So even though it sounds like all those discounts means the company will pay you, you won’t be that lucky.
Insurance companies that may offer policyholders some of the discounts shown above include:
If you want affordable Houston car insurance quotes, ask all the companies what discounts are available to you. Some discounts may not be available in Houston.
Getting quotes from local Houston auto insurance agents
Many people still like to get advice from a local agent and doing that can be a smart decision Most agents can point out coverage gaps and help you file claims. A good thing about getting online price quotes is that you can obtain cheap rate quotes and still buy from a local agent.
Upon completion of this quick form, your information is immediately sent to local insurance agents in Houston that give free quotes for your auto insurance coverage. There is no need to contact any agents because quoted prices will be sent to you instantly. In the event you want to get a rate quote from a specific auto insurance provider, you would need to visit that company’s website and submit a quote form there.
Deciding on an company requires more thought than just the premium amount. Some important questions to ask are:
- Where would glass claims be handled in Houston?
- How long has their agency been open in Houston?
- Does the agent have a valid license to sell insurance in Texas?
- Is there any savings for paying the full premium?
- Are all drivers listed on the coverage quote?
- Is vehicle mileage a factor when determining depreciation for repairs?
Be persistent and save
In this article, we covered some good ideas how to save on Hyundai Veloster insurance in Houston. It’s most important to understand that the more providers you compare, the better likelihood of getting cheaper Houston car insurance quotes. Consumers could even find that the lowest premium rates come from a smaller regional carrier. They may only write in your state and offer lower prices as compared to the big name companies such as Progressive or GEICO.
The cheapest Hyundai Veloster insurance in Houston can be purchased on the web and also from your neighborhood Houston agents, and you need to comparison shop both to have the best rate selection. A few companies may not have online rate quotes and these regional insurance providers sell through independent agents.
For more information, take a look at the resources below:
- Speed and Speed Limit FAQ (iihs.org)
- Auto Theft Statistics (Insurance Information Institute)
- Collision Insurance Coverage (Nationwide)
- Vehicle Insurance (Wikipedia)