Affordable Insurance for a Hyundai Sonata in Las Vegas

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Shopping for affordable Hyundai Sonata insurance rates in Las Vegas can be complicated if you're new to online rate quotes. But don't be discouraged because there is an easy way to compare rates for Hyundai Sonata insurance in Las Vegas.

Insurance rates Hyundai Sonata in Las VegasIt's hard to believe, but a large majority of insurance policyholders kept buying from the same company for over three years, and 38% of customers have never even compared quotes to find affordable rates. The average driver in Nevada could cut their rates by as much as 35% a year by just comparing rate quotes, but they assume it's a waste of time to compare rate quotes online.

If you are paying for car insurance now, you will definitely be able to buy cheaper auto insurance using this information. Finding affordable auto insurance policy in Las Vegas can be fairly easy. Although Nevada car owners must learn the methods companies use to determine what you pay because rates are impacted by many factors.

The best way to get policy rate comparisons for Hyundai Sonata insurance in Las Vegas is to know most of the larger companies participate in online systems to quote your coverage. To start a quote, the only thing you need to do is provide details including marital status, your job, your credit rating estimate, and how much coverage you want. Your rating data is then sent to insurance companies and you will get price comparisons with very little delay.

To start a quote now, click here and enter the information requested.

The following companies have been selected to offer price quotes in Nevada. To buy cheap car insurance in Las Vegas, NV, we suggest you compare several of them to get the best price comparison.

Data for Hyundai Sonata insurance

The information shown next showcases estimates of coverage costs for Hyundai Sonata models. Having a good understanding how auto insurance prices are formulated can help guide drivers when making informed decisions when comparing rates.

Hyundai Sonata Insurance Rates in Las Vegas, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $204 $414 $394 $24 $118 $1,154 $96
Sonata GLS 4-Dr Sedan $204 $414 $394 $24 $118 $1,154 $96
Sonata GLS 4-Dr Sedan $204 $414 $394 $24 $118 $1,154 $96
Sonata SE 4-Dr Sedan $204 $486 $394 $24 $118 $1,226 $102
Sonata SE 4-Dr Sedan $204 $486 $394 $24 $118 $1,226 $102
Sonata Limited 4-Dr Sedan $232 $486 $394 $24 $118 $1,254 $105
Sonata Limited 4-Dr Sedan $232 $486 $394 $24 $118 $1,254 $105
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Premium amounts do not factor in Las Vegas location which can impact insurance rates greatly.

Analysis of deductible levels

One of the more difficult decisions when buying insurance is how high should your deductibles be. The comparisons below may aid in understanding the costs and benefits when you select higher and lower deductibles. The first rate table uses a $100 physical damage coverage deductible and the second rate chart uses a $1,000 deductible.

Hyundai Sonata insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $266 $478 $348 $20 $104 $1,241 $103
Sonata GLS 4-Dr Sedan $266 $478 $348 $20 $104 $1,241 $103
Sonata GLS 4-Dr Sedan $266 $478 $348 $20 $104 $1,241 $103
Sonata SE 4-Dr Sedan $266 $564 $348 $20 $104 $1,327 $111
Sonata SE 4-Dr Sedan $266 $564 $348 $20 $104 $1,327 $111
Sonata Limited 4-Dr Sedan $300 $564 $348 $20 $104 $1,361 $113
Sonata Limited 4-Dr Sedan $300 $564 $348 $20 $104 $1,361 $113
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Hyundai Sonata insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $148 $252 $348 $20 $104 $872 $73
Sonata GLS 4-Dr Sedan $148 $252 $348 $20 $104 $872 $73
Sonata GLS 4-Dr Sedan $148 $252 $348 $20 $104 $872 $73
Sonata SE 4-Dr Sedan $148 $298 $348 $20 $104 $918 $77
Sonata SE 4-Dr Sedan $148 $298 $348 $20 $104 $918 $77
Sonata Limited 4-Dr Sedan $166 $298 $348 $20 $104 $936 $78
Sonata Limited 4-Dr Sedan $166 $298 $348 $20 $104 $936 $78
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Table data does not factor in vehicle location which can alter coverage prices substantially.

Based on these figures, using a $100 deductible will cost you about $32 more each month or $384 every year than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go more than 28 months between claim filings, you would more than likely save some money if you decide on a higher deductible. The table below shows an example of how you can perform this determination yourself.

Average monthly premium for $100 deductibles: $108
Average monthly premium for $1,000 deductibles (subtract): - $76
Monthly savings from raising deductible: $32
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $32
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 28 months

One thing to be aware of is that increasing deductibles to lower your rates means you will have to cover more of the damage yourself when you have a physical damage claim. That will necessitate enough extra savings in order to pay the higher deductible in order to repair your vehicle.

The diagram below illustrates how your deductible choice and can influence Hyundai Sonata insurance rates for different ages of insureds. The rate quotes are based on a single male driver, comprehensive and collision coverage, and no other discounts are factored in.

Rate comparison of male drivers versus female drivers

The chart below visualizes the comparison of Hyundai Sonata annual premium costs for male and female drivers. The rates are based on no claims or violations, full coverage, $250 deductibles, marital status is single, and no policy discounts are applied.

Rate comparison of full coverage and liability-only

The example below shows the difference between Hyundai Sonata insurance costs with full coverage compared to only the Nevada minimum liability coverage. The data is based on a clean driving record, no claims, $100 deductibles, drivers are single, and no policy discounts are applied.

Are you wasting money on full coverage?

There is no definitive rule to drop physical damage coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.

For example, let's pretend your Hyundai Sonata book value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $2,000 after the policy deductible has been paid. If premiums are more than $200 a year for full coverage, then it may be the right time to buy liability only.

There are some scenarios where buying only liability insurance is not recommended. If you haven't paid off your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not consider dropping full coverage.

How do Car Insurance Companies Determine Hyundai Sonata Insurance Costs?

Many different elements are part of the calculation when premium rates are determined. A few of the factors are predictable such as traffic violations, but other factors are more transparent like your vehicle usage or your commute time.

The items below are most of the major factors that factor into rates.

Discounts for auto and home policies - Most insurers will give a discount to policyholders that buy multiple policies. It's known as a multi-policy discount. Discounts can amount to five, ten or even twenty percent. Even though this discount sounds good, you may still want to comparison shop to help ensure you have the lowest rates. You may still be able to find better rates by splitting coverages up.

Do you really need the extra policy coverages? - There are a ton of extra add-on coverages that you can buy on your Sonata policy. Things like roadside assistance, better glass coverage, and extra equipment coverage could be just wasting money. You may think they are a good idea at first, but if you don't need them think about removing them and cutting costs.

Lower rates come with age - Older people are more responsible, cost insurance companies less in claims, and are generally more financially stable. Teen drivers have a tendency to be easily distracted when driving with friends so they pay higher car insurance rates.

The following data assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.

Vehicle options that cut premiums - Selecting a car model with a theft deterrent system can save you some money. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart vehicle theft.

Loss probability for a Hyundai Sonata - Insurance companies factor in historical loss data to calculate a rate that will offset any claims. Vehicles that tend to have higher loss trends will cost more for specific coverages. The table below illustrates the actual insurance loss data for Hyundai Sonata vehicles.

For each coverage category, the claim probability for all vehicles, as a total average, is a value of 100. Values under 100 mean the vehicle has better than average losses, while numbers above 100 indicate a higher chance of having a claim or a tendency for claims to be larger.

Insurance Loss Ratings for Hyundai Sonata Vehicles
Specific Hyundai 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
BETTER
AVERAGE
WORSE

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Three reasons to not skimp on auto insurance

Despite the high insurance cost for a Hyundai Sonata in Las Vegas, insurance serves a purpose in several ways.

  • Just about all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific limits of liability coverage if you want to drive legally. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you have a lien on your Hyundai Sonata, almost every bank will require you to have comprehensive coverage to guarantee their interest in the vehicle. If the policy lapses, the lender may insure your Hyundai for a lot more money and make you pay a much higher amount than you were paying before.
  • Insurance safeguards both your assets and your Hyundai Sonata. It also can pay for medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney in the event you are sued. If damage is caused by hail or an accident, your policy will pay all costs to repair after the deductible has been paid.

The benefits of having auto insurance more than cancel out the cost, especially for larger claims. According to a 2015 survey, the average American driver is wasting up to $825 a year so you should quote rates every year to save money.

Las Vegas car insurance companies ranked

Finding the best car insurance provider is difficult considering how many companies there are in Nevada. The company information shown below could help you decide which coverage providers you want to consider when shopping around.

Top Car Insurance Companies in Las Vegas
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Mercury Insurance 88 91 90 85% A+ 89.4
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
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Data Source: Insure.com Best Car Insurance Companies