2018 Hyundai Elantra Insurance Rates

Having to pay for overpriced Hyundai Elantra insurance can bleed your budget and force you to cut corners elsewhere. Doing a rate comparison can be a smart way to slash your bill and have more diposable income.

Multiple auto insurance companies compete to insure your vehicles, so it can be very hard to choose a company to discover the definitive best rate

If you are paying for car insurance now, you should be able to cut costs considerably using this strategy. Buying car insurance is easy if you know what you’re doing. But vehicle owners need to learn how the larger insurance companies market on the web.

How to get free insurance coverage quotes online

To find the cheapest insurance coverage quotes, there are several ways to compare rate quotes from different insurance companies. The quickest method to compare 2018 Hyundai Elantra insurance prices is to use the internet to compare rates. This is very easy and can be done using a couple different methods.

  1. The fastest and easiest way to find the lowest comparison rates is an all-inclusive rate comparison like this one (opens in new window). This style of form keeps you from doing boring form submissions for each company. A single, simple form compares rates direct from many companies.
  2. Another way to find lower rates requires you to visit each individual company website and fill out their own quote form. For examples sake, we’ll pretend you need rates from Auto-Owners, Liberty Mutual and State Farm. To get each rate you have to visit each site and enter your information, which can get rather old.

    For a list of links to insurance companies in your area, click here.

Whichever method you choose, make sure you compare nearly identical quote information on every quote. If you have different data it will be next to impossible to decipher which rate is best. Having just a slight variation in coverage limits can make a big difference in price. And when comparison shopping, obtaining a wide range of quotes will improve the odds of getting better pricing. Some smaller insurers to not give online rate quotes, so you also need to get rates from the smaller companies as well.

Don’t overlook these insurance discounts

Car insurance companies don’t necessarily list every available discount very clearly, so below is a list some of the best known and the harder-to-find discounts that you may qualify for.

  • Seat Belt Discounts – Drivers who require all occupants to buckle up can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
  • Memberships – Participating in a qualifying organization could qualify you for a break on your policy.
  • Discounts for Responsible Drivers – Drivers who don’t get into accidents could pay up to 40% less for Elantra insurance compared to accident prone drivers.
  • Defensive Driving Course – Completing a defensive driver class could earn you a small percentage discount and make you a better driver.
  • Active Service Discounts – Being on active duty in the military could trigger a small discount.

Please keep in mind that most discounts do not apply to the entire cost. Most only apply to the cost of specific coverages such as medical payments or collision. Even though the math looks like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

A few of the larger companies and their offered discounts are included below.

  • Farmers Insurance discounts include switch companies, youthful driver, distant student, electronic funds transfer, multi-car, and homeowner.
  • State Farm offers premium reductions for safe vehicle, passive restraint, good driver, anti-theft, Drive Safe & Save, and defensive driving training.
  • Liberty Mutual may have discounts that include multi-car, good student, new graduate, exclusive group savings, teen driver discount, and new move discount.
  • MetLife has discounts for multi-policy, defensive driver, accident-free, claim-free, and good student.
  • Progressive policyholders can earn discounts including online signing, continuous coverage, multi-vehicle, online quote discount, and homeowner.

It’s a good idea to ask each company or agent how many discounts you can get. Some discounts listed above might not apply in your area. To see a list of insurers that offer the discounts shown above, click here.

When to get professional advice

When it comes to choosing adequate coverage, there isn’t really a single plan that fits everyone. Every situation is different so your insurance needs to address that. For instance, these questions can aid in determining if your situation would benefit from an agent’s advice.

  • Can I still get insurance after a DUI?
  • Do I have coverage when making deliveries for my home business?
  • Is my camper covered by my car insurance policy?
  • What is covered by UM/UIM coverage?
  • Do I have coverage when using my vehicle for my home business?
  • Does having multiple vehicles earn me a discount?
  • What is medical payments coverage?
  • Is my Hyundai Elantra covered if I use it for business?
  • What companies insure drivers after a DUI or DWI?
  • Am I insured when driving a different vehicle?

If you’re not sure about those questions, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area.

How to lower your insurance prices

It’s important that you understand some of the factors that are used to determine your policy premiums. When consumers understand what controls the rates you pay, this enables informed choices that could help you find big savings.

  • Save by driving less – The higher the mileage driven each year the more it will cost to insure it. Almost all companies rate vehicles based upon how much you drive. Autos used primarily for pleasure use get more affordable rates as compared to vehicles used primarily for driving to work. An improperly rated Elantra may be wasting your money. Make sure your vehicle rating is rated on the correct driver usage.
  • High comp and collision deductibles cost less – Insurance for physical damage, also called comprehensive and collision insurance, is used to repair damage to your vehicle. Some examples of claims that would be covered could be a broken windshield, hail damage, and having your car stolen. Comp and collision deductibles represent how much money the insured will be required to pay if a covered claim is submitted. The more you choose to pay out-of-pocket, the lower your rates will be for Elantra insurance.
  • No claims equals lower premiums – If you are the type of insured that files lots of claims you shouldn’t be surprised to get either a policy non-renewal or much higher rates. Companies give cheaper rates to insureds who only file infrequent claims. Auto insurance is intended for more catestrophic claims.
  • Your credit rating is important – Your credit score can be an important factor in calculating your auto insurance rates. If your credit history is low, you could pay less to insure your 2018 Hyundai Elantra if you clean up your credit. People with very good credit scores tend to be better risks to insure than drivers with bad credit.
  • Tickets can be expensive – Attentive drivers pay lower auto insurance prices compared to bad drivers. Even a single citation may increase your cost to the point where it’s not affordable. Drivers who get dangerous tickets like reckless driving or DUI might be required by their state to file a SR-22 with their state’s department of motor vehicles in order to prevent their license from being revoked.
  • Men are more aggressive – Over the last 30 years, statistics show women are more cautious behind the wheel. However, don’t assume that males are worse at driving than females. Men and women cause fender benders in similar numbers, but the men have accidents that have higher claims. Not only that, but men also receive more costly citations such as driving while intoxicated (DWI) or driving recklessly. Male drivers age 16 to 19 tend to get in the most accidents and thus pay the highest rates.
  • Cars with good safety ratings cost less to insure – Vehicles with high crash test scores tend to be cheaper to insure. The safest vehicles result in less severe injuries and reduced instances of injuries translates into savings for insurance companies and thus lower rates. If your Hyundai Elantra is rated at a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Prevent theft and save – Owning a car that has a built-in theft deterrent system can save you a little every year. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent your vehicle from being stolen.

Coverages available on your insurance policy

Having a good grasp of insurance helps when choosing which coverages you need for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy. Shown next are the normal coverages available from insurance companies.

Collision coverage protection

Collision coverage will pay to fix damage to your Elantra resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like backing into a parked car, crashing into a building, colliding with a tree, hitting a parking meter and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also increase the deductible to bring the cost down.

Liability auto insurance

Liability coverage will cover damages or injuries you inflict on people or other property. This coverage protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers claims such as funeral expenses, attorney fees and pain and suffering. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Comprehensive or Other Than Collision

This coverage pays for damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as vandalism, hitting a bird and hail damage. The most your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like surgery, nursing services and X-ray expenses. They are often used in conjunction with a health insurance program or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Online plus local equals savings

Budget-friendly insurance coverage is attainable online as well as from independent agents, and you should compare rates from both so you have a total pricing picture. Some insurance providers may not offer online price quotes and these smaller companies provide coverage only through local independent agencies.

When shopping online for insurance coverage, don’t be tempted to buy less coverage just to save a little money. There have been many cases where someone sacrificed liability coverage limits only to regret at claim time that their decision to reduce coverage ended up costing them more. The goal is to find the BEST coverage for the lowest price, but do not skimp to save money.

Even more information is available at these sites: