A recent survey discovered that a large majority of drivers have bought car insurance from the same company for four years or more, and nearly 40% of drivers have never compared rates to find affordable insurance. Many consumers in Corpus Christi could save approximately $1,766 every year, but they don’t know how much they could save if they swap their current policy for a cheaper one.
Truthfully, the best way to get budget car insurance rates is to regularly compare price quotes from different companies who provide car insurance in Corpus Christi.
Step 1: Take a few minutes and learn about what is in your policy and the things you can control to keep rates in check. Many rating factors that result in higher rates like at-fault accidents and your credit history can be amended by paying attention to minor details. Later in this article we will cover additional ideas to lower rates and earn a bigger discount.
Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only quote rates from one company like Progressive or Farmers Insurance, while independent agencies can quote prices for many different companies.
Step 3: Compare the new rate quotes to your existing coverage to determine if switching companies saves money. If you find a lower rate quote and buy the policy, verify that coverage does not lapse between policies.
The key thing to know about shopping around is to use the same amount of coverage on each quote request and and to look at all possible companies. Doing this guarantees a fair rate comparison and a thorough selection of prices.
This article will tell you the best way to buy inexpensive insurance and some money-saving tips. If you are insured now, you will be able to lower your rates using these techniques. Nevertheless, Texas vehicle owners can benefit from knowing how companies calculate your policy premium and take advantage of how the system works.
When shopping for Hyundai Veracruz insurance in Corpus Christi there are multiple ways to compare quotes from local Corpus Christi car insurance companies. The quickest method to comparison shop is to perform an online rate comparison.
It’s so easy to compare rates online that it takes the place of having to make phone calls or go to local Corpus Christi insurance agencies. Quoting Hyundai Veracruz insurance online has made agencies unnecessary unless you want the extra assistance of a local Corpus Christi agent. If you prefer, some companies allow you to price shop your coverage online and get advice from an agent in your area. Just remember that more quotes helps you find the best offered rates.
The companies shown below are ready to provide free rate quotes in Corpus Christi, TX. If your goal is to find the cheapest auto insurance in TX, it’s a good idea that you click on several of them to find the most affordable auto insurance rates.
Get cheaper Hyundai Veracruz insurance rates in Corpus Christi
Properly insuring your vehicles can get expensive, but there could be available discounts that may help make it more affordable. Some discounts will apply at the time you complete a quote, but a few need to be asked for before being credited.
- Multi-car Discount – Purchasing coverage when you have several vehicles on one policy can reduce the rates for all insured vehicles.
- Military Deployment Discount – Being deployed in the military may qualify for rate reductions.
- Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices can help prevent theft and earn discounts up to 10% off your Corpus Christi auto insurance quote.
- Anti-lock Brake System – Cars, trucks, and SUVs that have anti-lock braking systems prevent accidents and qualify for as much as a 10% discount.
- Good Grades Discount – Getting good grades can be rewarded with saving of up to 25%. This discount can apply up until you turn 25.
- Discount for Multiple Policies – If you insure your home and vehicles with the same insurance company you may earn 10% to 20% off each policy.
- Mature Driver Discount – If you qualify as a senior citizen, you may qualify for reduced rates.
A little note about advertised discounts, some of the credits will not apply to all coverage premiums. Most only reduce the cost of specific coverages such as liability and collision coverage. Despite the fact that it seems like all those discounts means the company will pay you, you’re out of luck. Any amount of discount will help lower your auto insurance premiums.
The information below visualizes the comparison of Hyundai Veracruz yearly insurance costs with and without discounts being applied to the rates. Data assumes a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, multi-car, safe-driver, homeowner, and marriage discounts applied.
Popular auto insurance companies and their offered discounts are included below.
- Progressive has discounts for good student, multi-vehicle, online signing, multi-policy, and online quote discount.
- MetLife has savings for good student, multi-policy, accident-free, good driver, claim-free, defensive driver
- Mercury Insurance includes discounts for professional/association, accident-free, location of vehicle, ease of repair, and multi-car.
- Nationwide may include discounts for defensive driving, easy pay, family plan, business or organization, anti-theft, and Farm Bureau membership.
- GEICO offers premium reductions for military active duty, defensive driver, membership and employees, daytime running lights, driver training, emergency military deployment, and multi-vehicle.
- AAA may offer discounts for pay-in-full, multi-policy, anti-theft, AAA membership discount, education and occupation, and good student.
When getting a coverage quote, ask each insurance company which credits you are entitled to. Some discounts listed above might not apply in Corpus Christi.
Rates and other information
The premium information shown below outlines detailed analysis of insurance coverage prices for Hyundai Veracruz models. Being aware of how auto insurance premiums are determined can be useful when making decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Veracruz GLS 2WD | $234 | $460 | $392 | $24 | $118 | $1,228 | $102 |
| Veracruz GLS AWD | $264 | $460 | $392 | $24 | $118 | $1,258 | $105 |
| Veracruz Limited 2WD | $264 | $542 | $392 | $24 | $118 | $1,340 | $112 |
| Veracruz Limited AWD | $264 | $542 | $392 | $24 | $118 | $1,340 | $112 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Premium costs do not factor in Corpus Christi location which can raise or lower insurance rates noticeably.
Physical damage deductibles: Should you raise them?
When buying car insurance, a common question is what deductibles to buy. The following tables help summarize the difference in cost when you select higher and lower physical damage coverage deductibles. The first rate comparisons uses a $100 deductible for physical damage and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Veracruz GLS 2WD | $328 | $592 | $324 | $20 | $96 | $1,385 | $115 |
| Veracruz GLS AWD | $370 | $592 | $324 | $20 | $96 | $1,427 | $119 |
| Veracruz Limited 2WD | $370 | $698 | $324 | $20 | $96 | $1,533 | $128 |
| Veracruz Limited AWD | $370 | $698 | $324 | $20 | $96 | $1,533 | $128 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Veracruz GLS 2WD | $182 | $312 | $324 | $20 | $96 | $934 | $78 |
| Veracruz GLS AWD | $206 | $312 | $324 | $20 | $96 | $958 | $80 |
| Veracruz Limited 2WD | $206 | $368 | $324 | $20 | $96 | $1,014 | $85 |
| Veracruz Limited AWD | $206 | $368 | $324 | $20 | $96 | $1,014 | $85 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Rate quotes do not factor in specific Corpus Christi garaging location which can raise or lower auto insurance rates significantly.
We can derive from the above data that using a $100 deductible will cost you about $41 more each month or $492 each year than requesting the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you go at least 22 months between claims, you would most likely save money going with the higher deductible.
How to determine if a higher deductible is a good idea
| Average monthly premium for $100 deductibles: | $123 |
| Average monthly premium for $1,000 deductibles (subtract): | – $82 |
| Monthly savings from raising deductible: | $41 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $41 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 22 months |
One thing to be aware of is that increasing deductibles to save money results in more money out-of-pocket when you have a comprehensive or collision claim. You need to have some savings in the event you need to pay the deductible for vehicle repair.
Gender-based car insurance rates in Corpus Christi
The diagram below visualizes the comparison of Hyundai Veracruz car insurance costs for male and female drivers. Data assumes a clean driving record, no at-fault accidents, comp and collision included, $500 deductibles, drivers are not married, and no discounts are factored in.
Cost difference between full coverage and liability
The diagram below visualizes the comparison of Hyundai Veracruz insurance costs with liability coverage only compared to full coverage. The rates are based on no claims or driving violations, $1,000 deductibles, drivers are single, and no policy discounts are applied.
When to stop buying full coverage
There isn’t a steadfast formula to drop full coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
For example, let’s pretend your Hyundai Veracruz claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after you pay the deductible. If it’s costing in excess of $200 annually for your policy with full coverage, then you may want to consider only buying liability coverage.
There are some conditions where eliminating full coverage is not a good plan. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not remove full coverage.
Local neighborhood agents and insurance
Many people would rather sit down with an agent and doing that can be a smart decision An additional benefit of getting free rate quotes online is the fact that drivers can get the best rates and still choose a local agent. Buying from and supporting local insurance agencies is important particularly in Corpus Christi.
After filling out this quick form, your insurance coverage information is sent to insurance agents in Corpus Christi who will give you quotes for your insurance coverage. There is no need to search for an agent since price quotes are sent straight to your inbox. It’s the lowest rates and work with a local agent. If you want to get a price quote from a specific company, you just need to jump over to their website and submit a quote form there.
When researching a local Corpus Christi insurance agent, it helps to know the two types of agencies and how they are distinctly different. Corpus Christi agents can be described as either independent agents or exclusive agents.
Independent Insurance Agents
Agents that elect to be independent are not employed by one company and that gives them the ability to insure with any number of different companies and find the cheapest rate. If you are not satisfied with one company, the agent simply finds a different carrier without you having to go to a different agency.
When comparing rates, we recommend you get quotes from at a minimum one independent agency to ensure the widest selection of prices.
Shown below are Corpus Christi independent agencies that may be able to provide comparison quotes.
Mc Kenzie and Shell Insurance
4444 Corona Dr # 103 – Corpus Christi, TX 78411 – (361) 854-3046 – View Map
Alba Insurance Inc
5022 Holly Rd #108 – Corpus Christi, TX 78411 – (361) 854-6551 – View Map
Tejas Auto Insurance
4701 Ayers St #104 – Corpus Christi, TX 78415 – (361) 814-0030 – View Map
Exclusive Agencies
Agents that elect to be exclusive can only place business with one company and examples are Farmers Insurance and State Farm. Exclusive agents cannot provide other company’s prices so it’s a take it or leave it situation. Exclusive agents are highly trained in insurance sales and that allows them to sell at a higher price point.
Listed below are Corpus Christi exclusive insurance agents that can give you price quotes.
Allstate Insurance: James Aleman
6262 Weber Rd Ste 112 – Corpus Christi, TX 78413 – (361) 806-2133 – View Map
Allstate Insurance: Eddie Martinez
4942 Everhart Rd – Corpus Christi, TX 78411 – (361) 993-6638 – View Map
Ray Paiz – State Farm Insurance Agent
5425 S Padre Island Dr #122 – Corpus Christi, TX 78411 – (361) 993-3553 – View Map
Choosing the best insurance agency should depend on more than just a cheap quote. These questions are important to ask:
- Which insurance company do they prefer to write with?
- Are they able to influence company decisions when a claim is filed?
- What are their preferred companies if they are an independent agency?
- Are they primarily personal or commercial lines agents in Corpus Christi?
- Do they get paid more for recommending certain coverages?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Are they able to provide referrals?
- When do they do policy reviews?
After you get positive feedback to any questions you have as well as a price you’re happy with, it’s possible that you found an insurance agent that will properly service your insurance policy.
Do I need special coverages?
When quoting and comparing a policy for your personal vehicles, there really is no “best” method to buy coverage. Your needs are not the same as everyone else’s and your auto insurance should be unique as well.
Here are some questions about coverages that can help discover whether or not you might need an agent’s assistance.
- What is UM/UIM insurance?
- What is glass protection for?
- Can I rate high risk drivers on liability-only vehicles?
- When does my teenage driver need to be added to my policy?
- Where can I find DUI or SR-22 insurance?
- Am I covered if hit by an uninsured driver?
- What does medical payments cover?
- Why am I be forced to buy a membership to get insurance from some companies?
- When should I remove comp and collision on my Hyundai Veracruz?
If you can’t answer these questions but one or more may apply to you then you might want to talk to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of auto insurance companies in your area.
What Affects Hyundai Veracruz Insurance Premiums?
Many different elements are considered when premium rates are determined. Some are pretty understandable such as your driving history, but some are more obscure such as whether you are married or your vehicle rating.
Shown below are some of the things insurance companies consider when setting your premiums.
- Incidental coverages push up prices – There are a ton of add-on coverages that can waste your money if you aren’t careful. Insurance for things like coverage for rental cars, towing coverage, and extra life insurance coverage may not be needed and are just wasting money. You may think they are a good idea when discussing your needs, but if they’re wasting money eliminate the coverages to reduce your premium.
- Higher rates for high stress vocations – Occupational choices like military personnel, air traffic controllers, and medical professionals tend to have the highest rates attributed to intense work requirements and lots of time spent away from family. Conversely, jobs like professors, engineers and the unemployed have lower than average premiums.
- Pay more out-of-pocket – Physical damage coverage, also called ‘full coverage’, insures against damage to your Hyundai. Some examples of covered claims would be colliding with a building, damage from fire, and damage from a fallen tree branch. Physical damage deductibles define the amount you are required to spend out-of-pocket if a covered claim is submitted. The more of the claim the insured is willing to pay, the bigger discount you will receive.
- The higher your credit score the lower your prices – Having a good credit rating will be a significant factor in determining what you pay for insurance. Consumers who have high credit ratings tend to be more responsible than drivers who have poor credit. If your credit score is lower than you’d like, you could be paying less to insure your Hyundai Veracruz if you improve your credit rating.
- Continuous coverage saves money – Not maintaining insurance can get your license suspended and your next policy will cost more because you let your insurance lapse for non-payment. Not only will you pay more, getting caught without coverage will get you fines or a revoked license.
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Bad drivers pay high rates – Having a clean driving record has a huge affect on how much you pay. Even one chargeable violation can increase the cost of insurance twenty percent or more. Drivers who don’t get tickets pay lower auto insurance prices than people who have multiple driving citations. Drivers who get severe violations like DUI, reckless driving or excessive speeding may find that they have to to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to keep their license.
The example below demonstrates how citations and fender-benders drive up Hyundai Veracruz auto insurance costs for different age groups. The rates are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.
- Liability coverage – A critical coverage on your policy, liability insurance provides coverage when you are responsible for causing personal injury or damage in an accident. Your policy’s liability insurance provides for a legal defense which can cost a lot. This coverage is very inexpensive compared to comp and collision, so do not skimp.
Insurance in Texas serves several purposes
Despite the high cost, maintaining insurance may be mandatory for several reasons.
First, most states have compulsory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability in order to get the vehicle licensed. 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 your Hyundai Veracruz has a lienholder, more than likely the lender will make it mandatory that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Hyundai for a much higher rate and force you to pay a much higher amount than you were paying before.
Third, insurance safeguards both your car and your assets. It will also reimburse you for many types of medical costs for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.
The benefits of buying enough insurance outweigh the cost, especially for larger claims. The average driver in America is overpaying over $750 every year so compare rate quotes at every renewal to help ensure money is not being wasted.
Be persistent and save
When you buy Corpus Christi auto insurance online, never skimp on coverage in order to save money. In many instances, someone dropped full coverage only to discover later that the small savings ended up costing them much more. The ultimate goal is to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.
We just showed you a lot of tips how to compare Hyundai Veracruz insurance rates in Corpus Christi. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your car insurance rates. You may even find the lowest rates come from some of the smallest insurance companies. Some small companies may cover specific market segments cheaper than their larger competitors like Allstate or State Farm.
For more information, feel free to browse the resources below:
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- What is the Best Cheap Car Insurance in Corpus Christi, TX? (FAQ)
- Who Has the Cheapest Corpus Christi Car Insurance Quotes for Drivers Under 25? (FAQ)
- Who Has Affordable Car Insurance Rates for Drivers with Accidents in Corpus Christi? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Low Mileage Drivers in Corpus Christi? (FAQ)
- Safe Vehicles for Teens (iihs.org)
- Where can I buy Insurance? (Insurance Information Institute)
- Winter Driving (Insurance Information Institute)
- Understanding Limits and Deductibles (Allstate)