How Much Does 2015 Hyundai Elantra GT Insurance Cost?

Do you think you bought an overpriced car insurance policy? Believe me when I say you’re not the only one.

Due to the abundance of choices of insurance companies, it can be impossible to find the best insurance company.

Get cheap auto insurance with these tips

Lots of factors are used when premium rates are determined. Some are pretty understandable such as traffic violations, although some other factors are not as apparent such as your marital status or how safe your car is.An important part of buying insurance is that you know a few of the rating criteria that help calculate auto insurance rates. If you understand what determines base rates, this empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

The items below are some of the things used by insurance companies to determine your premiums.

  • Do you save by driving less? – The more you drive each year the more you’ll pay to insure your vehicle. Most companies rate vehicles based upon how you use the vehicle. Cars that sit idle most of the time cost less to insure than vehicles that have high annual mileage. Make sure your declarations sheet reflects how each vehicle is driven. Incorrect rating for your Elantra GT may be wasting your money.
  • Extra coverages are wasting money – There are a ton of extra bells and whistles that you can get tricked into buying on your 2015 Elantra GT policy. Insurance for things like rental car reimbursement, death and dismemberment, and term life insurance are some examples. The coverages may be enticing at first, but if you have no use for them eliminate them to save money.
  • Obey driving laws and save – Having a single moving violation can bump up the cost twenty percent or more. Good drivers get better rates as compared to those with violations. Drivers who have received multiple violations like DUI or willful reckless driving may find they need to maintain a SR-22 with their state in order to continue driving.
  • Low stress occupation equals lower prices – Do you work in a high-stress field? Careers such as fire fighters, executives and dentists tend to have the highest average rates due to job stress and long work days. Other careers such as farmers, engineers and the unemployed pay the least for Elantra GT insurance.
  • Bundle and save – The majority of insurers give discounts to people who have multiple policies with them. It’s known as a multi-policy discount. Discounts can be anywhere from five to ten percent in most cases. Even if you’re getting this discount you still need to check prices from other companies to ensure the best deal.There is a good possibility that you can find a better deal by buying auto insurance from a different company.
  • Discounts for married drivers – Having a spouse helps lower the price on auto insurance. It translates into being more financially stable and it’s statistically proven that being married results in fewer claims.

More affordable rates with these insurance discounts

Insurance is expensive, but you may qualify for discounts to reduce the price significantly. Some discounts will apply at the time of purchase, but some may not be applied and must be asked about in order for you to get them. If they aren’t giving you every credit you qualify for, you are paying more than you should be.

  • Claim-Free Discount – Insureds who avoid accidents and claims have much lower rates when compared with policyholders that have many claims.
  • Discount for Home Ownership – Being a homeowner can save you money because owning a home is proof that your finances are in order.
  • Multiple Cars – Insuring more than one vehicle with the same insurance company can get a discount for every vehicle.
  • Drivers Education – Reduce the cost of insurance for teen drivers by having them take driver’s ed class in school.
  • Theft Deterent System – Vehicles equipped with tracking devices and advanced anti-theft systems are stolen less frequently so companies will give you a small discount.
  • Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to use their safety belts could cut 10% or more off the medical payments premium.
  • Buy New and Save – Buying a new car instead of a used car is cheaper because new model year vehicles keep occupants safer.
  • E-sign Discounts – Many larger companies will give you a small discount for buying a policy and signing up online.
  • Discount for Life Insurance – Select insurance companies reward you with better prices if you take out some life insurance in addition to your auto policy.
  • Data Collection Discounts – Drivers who elect to allow driving data submission to spy on driving habits by using a telematic data system such as State Farm’s In-Drive could see a rate decrease if they are good drivers.

Drivers should understand that some credits don’t apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as liability and collision coverage. Just because you may think it’s possible to get free car insurance, nobody gets a free ride. Any qualifying discounts will bring down your overall premium however.

The best insurance companies and some of the premium reductions they offer are shown below.

  • State Farm offers premium reductions for accident-free, driver’s education, Drive Safe & Save, student away at school, and good driver.
  • Esurance may include discounts for paid-in-full, online shopper, anti-theft, good driver, and homeowner.
  • Progressive has discounts for good student, continuous coverage, homeowner, online quote discount, online signing, multi-vehicle, and multi-policy.
  • Liberty Mutual may offer discounts for multi-policy, good student, safety features, newly retired, and new vehicle discount.
  • Auto-Owners Insurance has savings for anti-theft, multi-policy, paid in full, paperless, and company car.
  • GEICO offers discounts for seat belt use, anti-lock brakes, anti-theft, federal employee, and air bags.

Before you buy a policy, ask all companies you are considering which discounts you qualify for. Savings might not be offered on policies in your area.

Car insurance can get complicated

When choosing the right insurance coverage, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs so this has to be addressed. For instance, these questions may help you determine if you might need an agent’s assistance.

  • Am I covered if I drive in a foreign country?
  • What if I don’t agree with a claim settlement offer?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Should I rate my 2015 Hyundai Elantra GT as pleasure use or commute?
  • Does liability extend to a camper or trailer?
  • What vehicles should carry emergency assistance coverage?
  • Is my teenager covered with friends in the car?
  • How does medical payments coverage work?
  • Where can I find high-risk insurance?
  • Is my cargo covered for damage or theft?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Auto insurance coverage specifics

Understanding the coverages of auto insurance can help you determine the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Listed below are typical coverages found on most auto insurance policies.

Uninsured or underinsured coverage – Your UM/UIM coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family and also any damage incurred to your Hyundai Elantra GT.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these limits are identical to your policy’s liability coverage.

Comprehensive protection – Comprehensive insurance pays for damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like theft, hail damage and a broken windshield. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability auto insurance – Liability insurance provides protection from injuries or damage you cause to a person or their property that is your fault. This insurance protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 that translate to $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as structural damage, repair bills for other people’s vehicles, funeral expenses and court costs. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverage – This coverage will pay to fix damage to your Elantra GT caused by collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things such as driving through your garage door, crashing into a building and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Medical expense coverage – Coverage for medical payments and/or PIP provide coverage for bills such as nursing services, dental work, prosthetic devices, doctor visits and ambulance fees. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Stretch your dollar

We just covered some good ideas how you can get a better price on 2015 Hyundai Elantra GT insurance. The key concept to understand is the more quotes you get, the better chance you’ll have of finding cheaper car insurance. You may be surprised to find that the lowest priced car insurance comes from the smaller companies. Some small companies often have lower prices on specific markets compared to the large companies like Allstate, GEICO and Progressive.

As you prepare to switch companies, make sure you don’t buy poor coverage just to save money. In many cases, someone sacrificed full coverage and found out when filing a claim that the small savings ended up costing them much more. The aim is to purchase plenty of coverage at the best possible price, but do not sacrifice coverage to save money.

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