What Insurance is Cheapest for a Hyundai Sonata in Oakland?

Buying the best cheap insurance for a Hyundai Sonata is dependent upon a large number of rating criteria such as how many miles you drive each year, if you have prior claims, and any prior driving offenses you have. California drivers pay on average $1,016 a year for Sonata insurance, but that figure is an estimation calculated using a 50-year-old married male driver with full physical damage coverage and $1,000 deductibles.

There is a good probability you’re not a 50-year-old male, you might be single instead of married, or maybe you prefer to not insure for full coverage. Everone’s needs are different, and this illustrates why the only real way to find cheap insurance prices for your Hyundai is to do your own rate comparisons. It takes less than five minutes and you will be able to see rates from top-rated companies in California.

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The specific model of Sonata will likely have an effect on the annual cost of coverage, so the price you will pay to insure a Sonata GLS 4-Dr Sedan will be $76 cheaper than the cost to insure the more expensive Sonata Limited 4-Dr Sedan model, as shown in the prices below.

Hyundai Sonata Insurance Rates in Oakland, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $164 $308 $480 $28 $144 $1,124 $94
Sonata GLS 4-Dr Sedan $164 $308 $480 $28 $144 $1,124 $94
Sonata GLS 4-Dr Sedan $164 $308 $480 $28 $144 $1,124 $94
Sonata SE 4-Dr Sedan $164 $362 $480 $28 $144 $1,178 $98
Sonata SE 4-Dr Sedan $164 $362 $480 $28 $144 $1,178 $98
Sonata Limited 4-Dr Sedan $186 $362 $480 $28 $144 $1,200 $100
Sonata Limited 4-Dr Sedan $186 $362 $480 $28 $144 $1,200 $100
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Price estimates do not factor in specific location which can modify coverage rates considerably.

Establishing which company quotes the best insurance rates for a Hyundai Sonata may require a bit more effort in order to find a policy that fits your budget. Each auto insurer has a proprietary formula for determining rates in each state, so let’s examine the overall cheapest insurance companies in California.

It’s important to understand that Oakland insurance rates are impacted by many things which can significantly increase or decrease the cost of your policy. Simply having a birthday, adding a teenager to your policy, or getting a reckless driving citation may prompt premium changes that can make some companies more affordable than before.

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USAA may have some of the best car insurance rates in Oakland at around $1,155 annually. This is $496 less than the average rate paid by California drivers of $1,651. Century National, Wawanesa, Nationwide, and CSAA would also be considered some of the best Oakland, CA insurance companies.

In the above example, if you have coverage with Wawanesa and switched to USAA, you may realize savings of in the vicinity of $37. Customers with Nationwide may save as much as $58 a year, and CSAA insureds might realize rate reductions of up to $67 a year.

These premium estimates are averaged for all insureds and vehicles and and are not calculated with an exact zip code location for a Hyundai Sonata. So the auto insurance company that is best for you may not even be in the list above. That’s why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.

The example below demonstrates how choosing different deductibles can affect insurance premiums when trying to find cheap insurance for a Hyundai Sonata. The prices are based on a married male driver, full coverage, and no policy discounts are applied.

The data above shows that a 30-year-old driver could lower rates by $476 a year by switching from a $100 deductible to a $500 deductible, or save $718 by using a $1,000 deductible. Young drivers, like the 20-year-old, could roll back prices as much as $1,434 each year by choosing a higher deductible. If you make the decision to raise deductibles, it is essential to have enough spare savings to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Rate increases following a ticket or accident

The obvious way to maintain the cheapest insurance prices in California for a Sonata is to drive carefully and avoid accidents and traffic violations. The example below shows how traffic citations and accidents can influence annual premium costs for different age groups of insureds. The premiums assume a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.

The data above shows the average cost of an auto insurance policy per year with a clean driving record and no accidents is $2,348. Factor in one speeding ticket and the average cost swells to $2,653, an increase of $306 each year. Now throw in one accident along with the one speeding ticket and the annual cost of insurance for a Hyundai Sonata jumps again to an average of $3,491. That’s an increase of $1,144, or $95 per month, just for not being a responsible driver!

Rate comparison of full coverage and liability-only

Finding cheaper insurance is probably important to most vehicle owners, and an easy way to pay less for insurance for a Hyundai Sonata is to not buy comprehensive and collision coverage. The information below compares premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume no claims or violations, $100 deductibles, single marital status, and no discounts are factored in.

If averaged for all ages, physical damage coverage on your policy costs $3,444 per year more than just buying liability insurance. At some point, every insured wonders if buying full coverage is a waste of money. There is no definitive rule for eliminating full coverage, but there is a guideline you can consider. If the annual cost of coverage is 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $11,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $10,000 after paying your deductible. If you are paying over $1,000 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are a few situations where buying only liability insurance is not a good plan. If you still have a lienholder on your title, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.