The easiest way to find cheaper Hyundai Genesis insurance is to compare prices at least once a year from insurance carriers who sell auto insurance in Bakersfield.
- Try to learn about car insurance and the things you can change to keep rates low. Many policy risk factors that result in higher prices such as traffic violations and a less-than-favorable credit rating can be remedied by making minor changes to your lifestyle. Continue reading for more ideas to get better rates and find available discounts that you may qualify for.
- Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or State Farm, while agents who are independent can quote prices for many different companies.
- Compare the price quotes to your existing rates and see if you can save money. If you can save some money, make sure there is no lapse between the expiration of your current policy and the new one.
An important part of this process is that you’ll want to compare identical coverage information on every quote and to quote with as many companies as you can. This provides an apples-to-apples comparison and a complete price analysis.
A recent survey discovered that a large majority of drivers have stayed with the same insurance company for over three years, and just short of a majority have never even compared quotes to find cheaper rates. Drivers in California could save an average of $500 each year by just comparing quotes, but they assume it’s a waste of time to compare other rate quotes.
Low cost Hyundai Genesis insurance prices in Bakersfield, CA
The are a couple different ways to compare quotes from many available car insurance companies in California. By far the easiest way to find cheaper Hyundai Genesis rates involves getting comparison quotes online. Keep in mind that getting more free quotes increases your odds of finding more affordable insurance.
The providers in the list below can provide quotes in California. If several companies are displayed, it’s highly recommended you compare several of them to get the cheapest price.
Why you need to buy car insurance
Despite the high cost of buying insurance for a Hyundai Genesis in Bakersfield, buying car insurance serves a purpose in several ways.
- The majority of states have compulsory liability insurance requirements which means state laws require specific limits of liability if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your Hyundai Genesis has a loan, almost all lenders will require you to have physical damage coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the lender will be forced to insure your Hyundai for a lot more money and require you to pay for the expensive policy.
- Car insurance protects your Hyundai and your assets. It will also cover medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you are named as a defendant in an auto accident. If your Hyundai gets damaged, your car insurance policy will pay to repair the damage.
The benefits of carrying enough insurance definitely exceed the price paid, specifically if you ever have a liability claim. But the average American driver is overpaying over $830 a year so compare rates every year to make sure the price is not too high.
Insurance statistics for a Hyundai Genesis
The coverage table shown next covers different insurance prices for Hyundai Genesis models. Learning a little about how prices are determined helps drivers make decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $412 | $1052 | $718 | $42 | $214 | $2,438 | $203 |
| Genesis 3.8 4-Dr Sedan | $458 | $914 | $488 | $28 | $146 | $2,034 | $170 |
| Genesis 2.0T Premium 2-Dr Coupe | $458 | $1052 | $718 | $42 | $214 | $2,484 | $207 |
| Genesis 3.8 2-Dr Coupe | $458 | $1052 | $718 | $42 | $214 | $2,484 | $207 |
| Genesis 2.0T Track 2-Dr Coupe | $458 | $1052 | $718 | $42 | $214 | $2,484 | $207 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $458 | $1052 | $718 | $42 | $214 | $2,484 | $207 |
| Genesis 4.6 4-Dr Sedan | $458 | $1052 | $488 | $28 | $146 | $2,172 | $181 |
| Genesis 3.8 Track 2-Dr Coupe | $458 | $1190 | $718 | $42 | $214 | $2,622 | $219 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Rate information does not factor in zip code location which can change insurance rates noticeably.
Policy deductibles
When shopping for insurance, a common question is how high or low should comp and collision deductibles be. The comparisons below can help you visualize the rate fluctuation between high and low physical damage deductibles. The first rate comparisons uses a $100 physical damage coverage deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $430 | $932 | $552 | $32 | $166 | $2,137 | $178 |
| Genesis 3.8 4-Dr Sedan | $478 | $810 | $376 | $22 | $112 | $1,823 | $152 |
| Genesis 2.0T Premium 2-Dr Coupe | $478 | $932 | $552 | $32 | $166 | $2,185 | $182 |
| Genesis 3.8 2-Dr Coupe | $478 | $932 | $552 | $32 | $166 | $2,185 | $182 |
| Genesis 2.0T Track 2-Dr Coupe | $478 | $932 | $552 | $32 | $166 | $2,185 | $182 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $478 | $932 | $552 | $32 | $166 | $2,185 | $182 |
| Genesis 4.6 4-Dr Sedan | $478 | $932 | $376 | $22 | $112 | $1,945 | $162 |
| Genesis 3.8 Track 2-Dr Coupe | $478 | $1054 | $552 | $32 | $166 | $2,307 | $192 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Genesis 2.0T 2-Dr Coupe | $314 | $630 | $552 | $32 | $166 | $1,694 | $141 |
| Genesis 3.8 4-Dr Sedan | $348 | $546 | $376 | $22 | $112 | $1,404 | $117 |
| Genesis 2.0T Premium 2-Dr Coupe | $348 | $630 | $552 | $32 | $166 | $1,728 | $144 |
| Genesis 3.8 2-Dr Coupe | $348 | $630 | $552 | $32 | $166 | $1,728 | $144 |
| Genesis 2.0T Track 2-Dr Coupe | $348 | $630 | $552 | $32 | $166 | $1,728 | $144 |
| Genesis 3.8 Grand Touring 2-Dr Coupe | $348 | $630 | $552 | $32 | $166 | $1,728 | $144 |
| Genesis 4.6 4-Dr Sedan | $348 | $630 | $376 | $22 | $112 | $1,488 | $124 |
| Genesis 3.8 Track 2-Dr Coupe | $348 | $712 | $552 | $32 | $166 | $1,810 | $151 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Rate information does not factor in Bakersfield location which can alter price quotes greatly.
Based on this data, using a $100 deductible would cost the average driver about $38 more each month or $456 annually than quoting the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you go at least 11 months between claim filings, you would probably be better off if you choose the higher deductible. The illustration below shows how you can decide this on your own policy.
| Average monthly premium for $100 deductibles: | $177 |
| Average monthly premium for $500 deductibles (subtract): | – $139 |
| Monthly savings from raising deductible: | $38 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $38 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 11 months |
One important note is that increasing deductibles to save money means you will have to pay more of your own money when you do file a claim. That will require some available funds in order to pay the deductible to have repairs made.
Insurance rates by age and gender
The illustration below compares Hyundai Genesis car insurance costs for male and female drivers. The premium estimates are based on no claims, a clean driving record, full coverage, $250 deductibles, marital status is single, and no discounts are taken into consideration.
Should you buy full coverage?
The example below compares Hyundai Genesis auto insurance costs with and without full coverage. The information is based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are not married, and no other discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no clear-cut rule to drop physical damage coverage on your policy, but there is a general convention. If the annual cost of having full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
For example, let’s assume your Hyundai Genesis book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $7,000 after you pay the deductible. If you are paying more than $700 annually for your policy with full coverage, then it might be time to consider dropping full coverage.
There are some situations where dropping full coverage is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Insurance discounts help lower rates for Hyundai Genesis insurance in Bakersfield
Insurance is not an enjoyable expense, but you may be missing some discounts to help bring down the price. Certain credits will be shown at the time of quoting, but a few must be inquired about before they will apply.
- Good Grades Discount – A discount for being a good student can get you a discount of up to 25%. Most companies allow this discount up to age 25.
- Online Discount – A few larger online companies give back up to $50 shop Bakersfield car insurance on the web.
- More Vehicles More Savings – Buying coverage for more than one vehicle on the same insurance policy may reduce the rate for each vehicle.
- Low Mileage Discounts – Maintaining low annual mileage may enable drivers to earn cheaper prices.
- Seat Belt Usage – Forcing all vehicle occupants to buckle up can save up to 15% on the premium charged for medical payments and/or PIP.
- Discount for Swiching Early – A few insurance companies offer discounts for buying a new policy before your current Genesis insurance policy expires. You can save around 10% with this discount.
- Save with a New Car – Adding a new car to your policy can get you a discount due to better safety requirements for new vehicles.
- Senior Citizens – Seniors may qualify for a small discount on rates.
- Passive Restraints and Air Bags – Options like air bags and/or automatic seat belt systems can get savings of 20 to 30 percent.
- Defensive Driver – Taking part in a course in defensive driving could possibly earn you a 5% discount if your company offers it.
Discounts lower rates, but most credits do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. If you do the math and it seems like all the discounts add up to a free policy, you aren’t that lucky.
The diagram below visualizes the comparison of Hyundai Genesis auto insurance rates with and without discounts applied to the premium. The information is based on a male driver, no claims or violations, California 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, homeowner, multi-car, marriage, claim-free, and multi-policy discounts applied.
A few companies that have some of the above discounts include:
If you need low cost Bakersfield car insurance quotes, ask each company or agent the best way to save money. Some of the discounts discussed earlier might not be offered in your area. To choose insurance companies that offer the discounts shown above in Bakersfield, click here to view.
When should I talk to an insurance agent?
Certain consumers still prefer to talk to an insurance agent and that is recommended in a lot of cases The best thing about getting online price quotes is you may find cheap car insurance rates and still have a local agent.
By using this quick form, your information is submitted to local insurance agents who will give you quotes for your coverage. You don’t have to leave your house since price quotes are sent instantly to you. Get lower rates and an insurance agent to talk to. If for some reason you want to compare rates from one company in particular, you just need to navigate to their website and fill out the quote form the provide.
Finding the right company requires you to look at more than just a cheap price quote. A good agent in Bakersfield will have answers to these questions.
- Are there any extra charges for paying monthly?
- What company do they have the most business with?
- Does the agency have a good rating with the Better Business Bureau?
- Will you work with the agent or an assistant?
- Can they help ensure a fair claim settlement?
- Does the company have a solid financial rating?
- Does the agency provide any after hours assistance?
- Is the agency covered by Errors and Omissions coverage?
Two types of car insurance agents
If you want a reliable insurance agency, you must know there are a couple different types of agents and how they can service your needs differently. Bakersfield agents may be either independent or exclusive depending on the company they work for.
Exclusive Insurance Agents
Agents that elect to be exclusive generally can only insure with one company like Farmers Insurance, Allstate, or State Farm. They are unable to provide prices from multiple companies so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are trained well on sales techniques which helps them compete with independent agents. Consumers often buy from the same agent for years mainly due to the brand and strong financial ratings.
Below is a list of exclusive insurance agencies in Bakersfield willing to provide comparison quotes.
- Allstate Insurance: Diana Martinez
6300 White Ln T – Bakersfield, CA 93309 – (661) 827-8800 – View Map - Farmers Insurance: Ruth Escobar
400 Chester Ave – Bakersfield, CA 93301 – (661) 631-2420 – View Map - Kelli Davis – State Farm Insurance Agent
2665 Calloway Dr #206 – Bakersfield, CA 93312 – (661) 829-1011 – View Map
Independent Agents
Agents that choose to be independent do not have single company limitations and that allows them to write policies amongst many companies enabling the ability to shop coverage around. To move your coverage to a new company, your agent can just switch to a different company and you don’t have to switch agencies.
When searching for an agent, you absolutely need to check rates from a couple of independent agencies for maximum quote selection. Many independent agencies also insure through companies that do not advertise much which can be an advantage.
Shown below is a short list of independent agencies in Bakersfield that are able to give rate quotes.
- Fallgatter Rhodes Insurance
1701 G St – Bakersfield, CA 93301 – (661) 324-2424 – View Map - Lorena Magana Insurance Agency, Inc.
4141 Ming Ave – Bakersfield, CA 93309 – (559) 783-9550 – View Map - Tony Camarena Insurance Agency
324 Oak St – Bakersfield, CA 93304 – (661) 322-3500 – View Map
You can find cheaper coverage
Some insurance companies do not offer online rate quotes and most of the time these small insurance companies only sell coverage through local independent agencies. More affordable car insurance in Bakersfield can be bought on the web and also from your neighborhood Bakersfield agents, and you need to comparison shop both to have the best chance of lowering rates.
You just read a lot of ways to get a better price on Hyundai Genesis insurance in Bakersfield. It’s most important to understand that the more times you quote, the better your chances of lowering your premium rates. Consumers may even find the lowest auto insurance rates are with a small mutual company.
As you quote Bakersfield car insurance, do not reduce coverage to reduce premium. There are many occasions where consumers will sacrifice liability coverage limits and discovered at claim time that it was a big mistake. The goal is to purchase plenty of coverage at a price you can afford, not the least amount of coverage.
More detailed car insurance information is located by following these links:
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Who Has Cheap Car Insurance Quotes with Multiple Speeding Tickets in Bakersfield? (FAQ)
- How Much are Car Insurance Quotes for a Hyundai Elantra in Bakersfield? (FAQ)
- Property Damage Coverage (Liberty Mutual)
- Where can I buy Insurance? (Insurance Information Institute)
- All About Airbag Safety (State Farm)