I can’t think of anyone who likes paying for insurance coverage, especially knowing the cost is too high. Companies like GEICO and Progressive all claim big savings, bombarding you with ad campaigns and it is difficult to see past the corporate glitz and find the best price available.
If you are insured now or need a new policy, you will benefit by learning to find better prices and possibly find even better coverage. Buying car insurance is easy if you know what you’re doing. Drivers just need to know the most efficient way to get comparison quotes online.
Getting a cheap price on 2016 Hyundai Elantra insurance doesn’t have to be difficult. All you need to do is spend a little time comparing free auto insurance quotes provided by online insurance companies. Insurance prices can be quoted by using one of the methods below.
Whichever way you choose to compare rates, be sure to compare equivalent coverage information on every quote. If your comparisons have different coverage information you can’t possibly determine the best price for your Hyundai Elantra.
Consumers can’t get away from ads that claim the cheapest rates by companies like 21st Century, Allstate and State Farm. All the ads have a common claim about how much you will save if you move your insurance coverage to their company.
How can each company save you money? Here is the trick they use.
Most companies have an ideal profile for the type of insured that will not have excessive claims. For instance, a driver they prefer may need to be over the age of 40, carries high limits, and chooses high deductibles. Someone who matches that profile will probably get the lowest rates and as a result will probably cut their rates substantially.
People who cannot meet these criteria will see higher rates with the end result being the prospect going elsewhere. The wording the ads use say “people that switch” but not “all drivers who get quotes” will save that much if they switch. That’s why companies can make the claims of big savings.
Because of the profiling, it is so important to compare as many free auto insurance quotes as you can. It’s impossible to know the company that will have the lowest rate quotes.
Insurance is not inexpensive, but you might find some hidden discounts that can drop the cost substantially. Most are applied at the time of quoting, but once in a while a discount must be requested specifically before they will apply.
You should keep in mind that most credits do not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like adding up those discounts means a free policy, you aren’t that lucky.
The best insurance companies and some of their more popular discounts are included below.
Check with every company to give you their best rates. Some credits might not be available to policyholders everywhere. To find insurance companies with the best discounts, click here to view.
When buying adequate coverage for your personal vehicles, there really is not a cookie cutter policy. Every insured’s situation is different so this has to be addressed. For example, these questions may help highlight whether you might need professional guidance.
If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.
Learning about specific coverages of your car insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Car insurance terms can be ambiguous and nobody wants to actually read their policy. Below you’ll find typical coverage types offered by car insurance companies.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This provides protection when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as damage to your Hyundai Elantra.
Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these coverages do not exceed the liability coverage limits.
Collision coverage – This pays for damage to your Elantra resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims like sustaining damage from a pot hole, rolling your car, hitting a mailbox and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.
Coverage for liability – This will cover injuries or damage you cause to a person or their property that is your fault. This coverage protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage pays for claims like bail bonds, emergency aid, legal defense fees, funeral expenses and medical services. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.
Medical payments and PIP coverage – Med pay and PIP coverage reimburse you for expenses for dental work, nursing services, doctor visits and funeral costs. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants in addition to 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
Comprehensive auto coverage – Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims like damage from getting keyed, hail damage and damage from flooding. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
We just showed you quite a bit of information on how to lower your 2016 Hyundai Elantra insurance prices. The key thing to remember is the more providers you compare, the higher the chance of saving money. You may even find the lowest priced insurance coverage comes from a smaller regional carrier. These smaller insurers often have lower rates on specific markets as compared to the big name companies such as State Farm and Allstate.
As you go through the steps to switch your coverage, make sure you don’t reduce needed coverages to save money. There are many occasions where someone sacrificed liability limits or collision coverage and learned later that the few dollars in savings costed them thousands. The goal is to buy a smart amount of coverage for the lowest cost while still protecting your assets.
Much more information about insurance coverage can be found at the links below