Finding cheaper insurance for a Hyundai Santa Fe in Louisiana relies on lots of different rating factors such as how many years you have been driving, if you have prior claims, and blemishes on your driving record. Drivers in Louisiana will pay around $1,101 annually for Santa Fe insurance, but that cost is an approximation based on a 50-year-old married male driver with full coverage and $500 deductibles.
The problem with using this number is the good chance you’re not a 50-year-old male, you might be single instead of married, or maybe you rent instead of own your home. Insurance is an individual thing, so the way we recommend to find the cheapest rates for your Hyundai is to put in the effort to do a thorough rate comparison. It’s really quite easy you will get price quotes from some of the cheapest companies that insure vehicles in Louisiana.
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Your vehicle’s trim level will likely have an effect on the insurance rate, so the price you will be charged to insure a Santa Fe GLS 2WD trim level will be $132 cheaper than the insurance cost for the higher-end Santa Fe Limited 4WD trim level, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Santa Fe GLS 2WD | $198 | $414 | $446 | $26 | $134 | $1,218 | $102 |
| Santa Fe GLS 4WD | $228 | $414 | $446 | $26 | $134 | $1,248 | $104 |
| Santa Fe SE 2WD | $228 | $414 | $446 | $26 | $134 | $1,248 | $104 |
| Santa Fe Limited 2WD | $228 | $488 | $446 | $26 | $134 | $1,322 | $110 |
| Santa Fe SE 4WD | $228 | $488 | $446 | $26 | $134 | $1,322 | $110 |
| Santa Fe Limited 4WD | $256 | $488 | $446 | $26 | $134 | $1,350 | $113 |
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Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Information does not factor in vehicle location which can revise insurance rates significantly.
Buying coverage from a good quality insurance provider can be a challenge considering how many different companies there are to choose from in Louisiana. The ranking data displayed below may help you decide which car insurance companies to look at shopping prices with.
The ratings below are only made up of major nationwide insurance companies, so smaller companies are not included in this list. To compare prices from these and other companies in Louisiana, click here.
Top 10 Large Car Insurance Companies in New Orleans Ranked by Value
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- Progressive
- 21st Century
- The General
- Esurance
- USAA
- State Farm
Top 10 Large Car Insurance Companies Overall in New Orleans
- USAA
- AAA Insurance
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
- Esurance
- The General
Liability rates compared to full coverage
Paying a lower price for insurance is probably important to the majority of drivers, and one common way to lower the cost of insurance for a Hyundai Santa Fe is to not insure for full coverage. The chart below shows the difference between insurance premiums when comparing full coverage to liability only. The data is based on a clean driving record, no at-fault accidents, $500 deductibles, single status, and no additional discounts are factored in.
If averaged for all ages, full coverage costs $2,744 per year over and above liability only. Many people question if full coverage is worth the money. There is no set guideline of when to phase out comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
There are a few cases where buying only liability insurance is not a good plan. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not buy liability only.
Impact of citations and accidents on New Orleans insurance rates
The ideal way to find the cheapest insurance rates in Louisiana for a Santa Fe is to drive cautiously and avoid accidents and violations. The example below demonstrates how citations and fender-benders can raise insurance rates for different age groups. The price estimates are based on a married male driver, full coverage, $500 deductibles, and no additional discounts are factored in.
The chart shows that the average cost of auto insurance in Louisiana per year with no violations or accidents is $2,335. Get written up for two speeding tickets and the average cost jumps to $3,225, an increase of $890 each year. Now add in one accident along with the two speeding tickets and the 12-month cost of insurance for a Hyundai Santa Fe jumps again to an average of $4,136. That’s an increase of $1,801, or $150 per month, just for not being a responsible driver!
Types of discounts on New Orleans auto insurance rates
Insurers that offer quotes for a Hyundai Santa Fe may also offer discounts that could reduce prices by as much as 35% or more if you meet the requirements. A few popular companies and the discounts they provide are detailed below.
- State Farm discounts include multiple autos, safe vehicle, student away at school, anti-theft, driver’s education, and accident-free.
- American Family policyholders can earn discounts including bundled insurance, TimeAway discount, Steer into Savings, good driver, accident-free, and mySafetyValet.
- AAA has savings for multi-policy, education and occupation, AAA membership discount, good driver, and anti-theft.
- GEICO offers discounts for multi-policy, membership and employees, defensive driver, driver training, good student, daytime running lights, and seat belt use.
- Mercury Insurance has discounts for multi-car, type of vehicle, good student, ease of repair, professional/association, anti-theft, and location of vehicle.
- Farmers Insurance may offer discounts for homeowner, youthful driver, good student, multi-car, and switch companies.
- Progressive offers premium reductions for multi-policy, multi-vehicle, homeowner, online quote discount, online signing, good student, and continuous coverage.
The information below shows the comparison of car insurance costs with and without discounts applied. The data is based on a male driver, no violations or claims, Louisiana state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with multiple vehicle, passive restraint, homeowner, safe-driver, anti-theft, and vehicle safety discounts applied. When drivers qualify for the discounts, theamount saved on insurance for a Hyundai Santa Fe is 28% or $710.