How Much Does Insurance Cost for a Hyundai Sonata in Massachusetts?

How Much Does Insurance Cost for a Hyundai Sonata in Massachusetts?

The chances of buying the best cheap coverage for a Hyundai Sonata in Massachusetts depends on a complex calculation that is influenced by things like whether you own a home, if you are a frequent claim filer, and if your driving record is clean. Drivers in Massachusetts on average will pay $860 per year to insure a Sonata, but that rate is a valuation assuming a 30-year-old married male that purchased full coverage including both comprehensive and collision and $1,000 policy deductibles.

The issue that arises when projecting rates is that it’s very likely that you are not exactly 30 years old and possibly not even male, maybe you are single instead of married, or maybe you do not need full coverage. Every driver has a different risk profile, so your best shot at finding the cheapest insurance price for your Hyundai is to just compare rates yourself. In just a few minutes you will be able to see rates from the best companies around.

View Hyundai Sonata Insurance Rates

The specific trim level tends to impact the cost of coverage, so the price you will pay to insure a Sonata GLS 4-Dr Sedan will be $68 cheaper than the price to insure the more costly Sonata Limited 4-Dr Sedan model, as shown by the rates below.

Hyundai Sonata Insurance Rates in Massachusetts
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Sonata GLS 4-Dr Sedan $160 $274 $378 $22 $114 $948 $79
Sonata GLS 4-Dr Sedan $160 $274 $378 $22 $114 $948 $79
Sonata GLS 4-Dr Sedan $160 $274 $378 $22 $114 $948 $79
Sonata SE 4-Dr Sedan $160 $322 $378 $22 $114 $996 $83
Sonata SE 4-Dr Sedan $160 $322 $378 $22 $114 $996 $83
Sonata Limited 4-Dr Sedan $180 $322 $378 $22 $114 $1,016 $85
Sonata Limited 4-Dr Sedan $180 $322 $378 $22 $114 $1,016 $85
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Price estimates do not factor in your specific Massachusetts location which can influence price quotes considerably.

Ending up with the top car insurance company can be difficult considering how many companies there are to choose from in Massachusetts. The ranking data listed below can help you analyze which car insurance companies you want to consider when buying insurance for a Hyundai Sonata. The ratings below are for large, nationwide insurance companies, so companies with more of a regional focus are not taken into consideration for the list.

Top 10 Large Auto Insurance Companies in Massachusetts Ranked by A.M. Best Rating

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Allstate – A+
  6. The Hartford – A+
  7. Progressive – A+
  8. Esurance – A+
  9. Safeco Insurance – A
  10. Farmers Insurance – A

Top 10 Large Auto Insurance Companies in Massachusetts Ranked by Value

  1. The Hartford
  2. Farmers Insurance
  3. Safeco Insurance
  4. AAA Insurance
  5. State Farm
  6. Travelers
  7. Progressive
  8. American Family
  9. GEICO
  10. Liberty Mutual

Top Companies for Hyundai Sonata Insurance in Massachusetts

Liability rates compared to full coverage

Finding cheap insurance for a Hyundai Sonata in Massachusetts is probably important to most people, and one easy way to pay lower rates for insurance is to not insure for full coverage. The information below compares car insurance costs with and without physical damage coverage. The premiums are based on no violations or accidents, $250 deductibles, single marital status, and no other discounts are factored in.

As an average for all age groups, physical damage insurance costs an additional $2,346 per year more than carrying just liability coverage. A very common question is if buying full coverage is a waste of money. There is no definitive formula to eliminate full coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let’s pretend your vehicle’s replacement cost is $4,500 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $3,500 after paying your deductible. If you are paying in excess of $350 a year for your policy with full coverage, then it may be the right time to buy liability only.

Impact of citations and accidents on insurance rates

One of the best ways to find good insurance rates in Massachusetts for a Sonata is to be a safe driver and avoid at-fault accidents and violations. The information below demonstrates how traffic citations and at-fault accidents increase yearly insurance costs for different insured age categories. The rates are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.

In the previous example, the average cost of car insurance per year with no accidents and a clean driving record is $1,998. Factor in two speeding tickets and the average cost swells to $2,762, an increase of $764 each year. Then throw in one accident along with the two speeding tickets and the annual cost of insurance for a Hyundai Sonata increases to an average of $3,542. That’s an increase of $1,543, or $129 per month, just for being a careless driver!

How to find cheap insurance for a Hyundai Sonata in Massachusetts

Lowering your rates is not difficult, and here are a few thrifty ideas that can help Massachusetts drivers quote lower-cost coverage.

  • Safe vehicles generally have lower rates
  • Avoid preventable accidents
  • Higher deductibles mean lower rates
  • Pay lower rates with good credit
  • Drop full coverage on older vehicles
  • Do not get tickets or violations
  • Comparison shop at least once a year

That last idea is very crucial, as was emphasized in the prior information. Prices charged by car insurance companies vary greatly, so don’t be hesitant to change insurance companies if you find a better deal. Many drivers prefer to stick with one company, but it isn’t a good idea if that loyalty ends up costing a considerable chunk of change every month. If you have a few minutes, now is a great time to shop around and find cheaper insurance for a Hyundai Sonata.

Is the best company State Farm, Allstate, Geico, or Progressive?

If you are looking for the best insurance for a Sonata in Massachusetts, the four most popular companies are State Farm, Allstate, Geico, and Progressive. When added together, they make up almost half of the car insurance market in the United States. All offer liability and physical damage insurance, but each one has different optional coverages and features that may influence which company you choose. The table below rates pricing and service ratings, as well as optional policy coverages that are available for buyers.

Comparison of Top Four U.S. Auto Insurance Companies
State Farm Allstate Geico Progressive
Claims Handling 2nd 1st 3rd 4th
Number of Discounts 3rd 1st 2nd 4th
Overall Satisfaction 4th 2nd 1st 3rd
Price Ranking 2nd 4th 1st 3rd
U.S. market share 18.3% 10% 11.4% 8.8%
Rate for vehicle usage Yes Yes No Yes
Mechnical breakdown No No Yes Yes
Uber and Lyft insurance Yes Yes Yes Yes
New car replacement No Yes No No
Accident forgiveness coverage No Yes Yes Yes
Roadside assistance Yes Yes Yes Yes
Where to buy State Farm-only agents Allstate exclusive agents Both online and from Geico agents Indpendent agents or online
Number of agents 18,000+ 11,000+ 150+ 30,000+
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Who has the cheapest Hyundai Sonata insurance quotes?

Drivers have a lot of ways to find cheap insurance in Massachusetts, but the most common are either through an exlusive agent such as Auto-Owners or State Farm, an independent or non-exclusive agent, or from a direct company like Geico.

They all have the same end result, but insurance shoppers should know the differences in how they function.

Independent agents are appointed by several companies and can get policy pricing from every one. These agents are not employed by only one company and can give you more rates, which can help you get the best shot at cutting your rates. If a cheaper price is found, your policy can be easily switched to a different company and you don’t have to switch agencies.

A captive, or exclusive, agent is able to quote prices with one insurance company, a couple examples are State Farm and Allstate agents. This type of agents cannot quote prices from more than just one company, so they really need to provide good service.

The third popular method of shopping for insurance is direct, which means you forego a local insurance agent and instead buy direct online or over the phone from a company like Progressive or Esurance. Shopping for insurance direct may be the best choice drivers who do not need high amounts of coverage and have knowledge of what specific coverages they need.

So which method is best to buy cheap insurance for a Hyundai Sonata in Massachusetts? Most people would assume that buying from a direct company results in the cheapest rates since it doesn’t require paying agent commissions, but unfortunately, it’s not that simple. It could also be said an independent agency guarantees the lowest rates since there are more companies to choose from, but that idea is not necessarily true either. For the right applicant, exclusive agents may have very competitive prices that are the cheapest in Massachusetts.

Since insurance rates vary so much, the guaranteed way to buy the cheapest coverage is to get quotes and compare. Be sure to get prices from all three types to give yourself enough choices. For a list of companies with cheap rates in Massachusetts, click here to view.