1992 Hyundai Elantra Car Insurance Quotes

Nobody I know likes paying for insurance coverage, in particular when the cost is way too high.

With consumers having so many insurance coverage companies to choose from, it is very difficult to pick the best company.

It is always a good idea to take a look at other company’s rates yearly because insurance rates are variable and change quite frequently. If you had the best price for Elantra insurance on your last policy other companies may now be cheaper. Don’t believe everything you read about insurance coverage online but we’re going to give you some great ideas on how to reduce your insurance coverage bill.

Finding the best rates is easy if you know what you’re doing. Essentially every vehicle owner who is required by state law to have car insurance will most likely be able to reduce their rates. Although car owners need to have an understanding of how big insurance companies determine prices and use this information to your advantage.

Why you might be paying too much to insure your Hyundai Elantra

An important part of buying insurance is that you know the rating factors that play a part in calculating your insurance coverage rates. Understanding what controls the rates you pay allows you to make educated decisions that will entitle you to lower insurance coverage prices.

  • With age comes lower rates – Older drivers are more cautious drivers, tend to cause fewer accidents and tend to be better behind the wheel. Youthful drivers are statistically proven to be careless and easily distracted behind the wheel and because of this, their insurance coverage rates are much higher.
  • Liability coverage is cheap – The liability section of your policy provides coverage if you are found to be at fault for damages from an accident. It provides legal defense coverage starting from day one. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so drivers should carry high limits.
  • The more you drive the more you pay – The more miles you rack up on your Hyundai every year the higher your rates will be. The majority of insurers apply a rate based upon how you use the vehicle. Autos not used for work or commuting receive lower rates compared to those used for work or business. Having the wrong rating on your Elantra may be costing you. Ask your agent if your insurance coverage policy shows how each vehicle is driven, because improper ratings can cost you money.
  • High numbers of claims are not good – Insurance companies generally give cheaper rates to people who file claims infrequently. If you frequently file small claims, you can pretty much guarantee higher rates. Auto insurance is designed for major claims that would cause financial hardship.
  • How’s your driving record? – Good drivers receive lower rates than bad drivers. Even a single speeding ticket can increase rates by as much as thirty percent. Drivers with serious tickets such as DWI, reckless driving or hit and run convictions are required to file a SR-22 to the state department of motor vehicles in order to continue driving.
  • Higher deductibles cost less – Deductibles for physical damage represent how much money you are willing to pay out-of-pocket if you file a covered claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some instances where coverage would apply would be colliding with a building, damage from fire, or theft. The more money you are required to pay out-of-pocket, the less your company will charge you for insurance for Elantra insurance.
  • Do you qualify for a multi-policy discount? – Many insurers provide better rates to customers who consolidate policies with them. It’s known as a multi-policy discount. Discounts can amount to five, ten or even twenty percent. Even with this discount, you may still want to compare rates to confirm you are receiving the best rates possible. You may still find better rates by splitting coverages up.
  • Better credit means lower rates – Your credit rating is a important factor in your rate calculation. People with good credit tend to be more responsible than drivers with lower credit ratings. So if your credit can use some improvement, you could be paying less to insure your 1992 Hyundai Elantra by repairing your credit.

Don’t pay full price with these discounts

Companies offering auto insurance do not list all their discounts in a way that’s easy to find, so here is a list both the well known and also the lesser-known savings tricks you should be using.

  • Seat Belt Usage – Buckling up and requiring all passengers to use their safety belts could save 15% off your PIP or medical payments premium.
  • Payment Discounts – By paying your policy upfront rather than paying monthly you may reduce your total bill.
  • Air Bag Discount – Cars that have air bags or automatic seat belts may earn rate discounts of up to 25% or more.
  • Low Mileage – Low mileage vehicles can earn lower rates on the low mileage vehicles.
  • Discounts for Safe Drivers – Insureds without accidents may save up to 50% more for Elantra insurance than their less cautious counterparts.
  • Multi-car Discount – Buying insurance for more than one vehicle on the same insurance policy may reduce the rate for each vehicle.
  • One Accident Forgiven – A handful of insurance companies permit an accident without raising rates as long as you don’t have any claims prior to the accident.
  • Senior Citizens – Mature drivers can possibly qualify for better insurance rates for Elantra insurance.

It’s important to understand that many deductions do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as liability and collision coverage. So when it seems like it’s possible to get free car insurance, insurance companies aren’t that generous.

For a list of insurers with the best insurance discounts, follow this link.

Ads can be misleading

Companies like Progressive, Allstate and GEICO constantly bombard you with television and radio advertisements. All the ads make the same claim that you’ll save big if you switch your policy. But how can every company say the same thing? It’s all in the numbers.

All companies have a preferred profile for the type of customer that is profitable for them. For instance, a driver they prefer could be over the age of 50, has no tickets, and has a short commute. A customer who matches those parameters gets the lowest rates and therefore will save when switching.

Potential customers who do not match the “perfect” profile will be quoted higher rates which leads to business going elsewhere. The ads state “drivers who switch” not “people who quote” save money. This is how companies can advertise the way they do. This emphasizes why drivers should get quotes from several different companies. It is impossible to predict which company will provide you with the cheapest Hyundai Elantra insurance rates.

Your personal situation dictates your coverage

When it comes to buying proper insurance coverage, there really is no “perfect” insurance plan. Each situation is unique so this has to be addressed. For instance, these questions can aid in determining whether your personal situation would benefit from an agent’s advice.

  • Do all my vehicles need collision coverage?
  • Am I covered if I crash into my own garage door?
  • Why do I need rental car insurance?
  • Can I afford to buy a different vehicle if my 1992 Hyundai Elantra is totaled?
  • If my pet gets injured in an accident are they covered?
  • Are rental cars covered under my policy?
  • Can my teen drive my company car?
  • If I drive on a suspended license am I covered?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.

Information about specific coverages

Having a good grasp of your car insurance policy can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and coverage can change by endorsement. Shown next are typical coverage types available from car insurance companies.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your 1992 Hyundai Elantra.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Liability coverage

This will cover injuries or damage you cause to a person or their property in an accident. It protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers claims such as court costs, medical services, emergency aid, structural damage and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Coverage for medical expenses

Coverage for medical payments and/or PIP pay for bills for funeral costs, dental work, chiropractic care, X-ray expenses and EMT expenses. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Coverage for collisions

Collision insurance will pay to fix damage to your Elantra caused by collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as backing into a parked car, crashing into a ditch and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Comprehensive car insurance

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like rock chips in glass, hail damage and damage from getting keyed. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Quote often and quote early

Discount 1992 Hyundai Elantra insurance is available on the web and also from your neighborhood agents, and you should be comparing both to get a complete price analysis. Some insurance companies may not provide online price quotes and many times these regional insurance providers only sell through independent insurance agents.

As you shop your coverage around, you should never buy poor coverage just to save money. There have been many cases where drivers have reduced liability limits or collision coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.

Additional insurance coverage information can be read at these links: