How Much Does 2016 Hyundai Elantra Insurance Cost?

Comparison shopping for auto insurance is always nearly impossible for consumers new to buying insurance online. You have so many options that it can easily become a ton of work to compare prices.

It is always a good idea to compare rates yearly because prices are rarely the same from one policy term to another. If you had the best price on Elantra insurance two years ago the chances are good that you can find a lower rate today. So forget anything you know (or think you know) about auto insurance because it’s time to teach you the quickest way to find better rates and still maintain coverage.

Finding the best rates is easy if you know what you’re doing. If you currently have a car insurance policy, you should be able to lower your premiums substantially using these techniques. But car owners do need to understand the way insurance companies determine prices.

Discounts to lower Hyundai Elantra insurance rates

Companies offering auto insurance don’t always advertise all their discounts in an easy-to-find place, so we researched some of the best known and also the lesser-known auto insurance savings.

  • Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts can get savings of more than 20%.
  • Early Switch Discount – A few companies offer discounts for signing up before your current expiration date. It’s a savings of about 10%.
  • Paperless Signup – A few companies give back up to $50 for buying your policy on their website.
  • Homeowners Pay Less – Simply owning a home can save you money because maintaining a house requires personal responsibility.
  • Theft Prevention Discount – Anti-theft and alarm systems can help prevent theft and will save you 10% or more.
  • Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates on Elantra insurance than less cautious drivers.
  • Payment Discounts – If you pay your entire premium ahead of time rather than paying monthly you could save up to 5%.
  • Good Student – Getting good grades can save 20 to 25%. This discount can apply until age 25.

Drivers should understand that some credits don’t apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like it’s possible to get free car insurance, you won’t be that lucky.

A partial list of companies that possibly offer these benefits include:

It’s a good idea to ask each company how you can save money. Some discounts might not apply in your area.

Hyundai Elantra rates are complex

Smart consumers have a good feel for some of the elements that help determine your car insurance rates. When you know what positively or negatively influences your rates empowers consumers to make smart changes that may reward you with better car insurance rates.

The following are some of the items used by your company to calculate rates.

  • Never go without insurance – Allowing your coverage to lapse is a fast way to increase your car insurance rates. And not only will your rates increase, failure to provide proof of insurance may earn you a steep fine or even jail time.
  • Liability insurance protects assets – The liability section of your policy is the protection in the event that a court rules you are at fault for damages from an accident. It will provide legal defense which can be incredibly expensive. Liability is cheap compared to insuring for physical damage coverage, so do not skimp.
  • Your car’s features help determine rates – Owning a car with a theft deterrent system can get you a discount on your car insurance. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent car theft.
  • Males pay more for insurance – The statistics show that men are more aggressive behind the wheel. However, this does not mean women are BETTER drivers than men. Women and men cause accidents in similar numbers, but the males have costlier accidents. They also get more serious tickets such as DWI and reckless driving. Young males tend to get in the most accidents and thus pay the highest rates.
  • Better crash test results mean better rates – Safer cars get lower rates. Safe vehicles reduce injuries and better occupant protection means less money paid by your insurance company and lower rates for you. If the Hyundai Elantra is rated at least four stars on Safercar.gov it may be receiving lower rates.
  • Bump up deductibles to save – The deductibles define the amount you are required to spend before a claim is paid by your company. Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some instances where coverage would apply would be running into the backend of another car, damage caused by hail, or theft. The more money you are required to pay out-of-pocket, the less your company will charge you for insurance on Elantra insurance.

Tailor your coverage to you

When it comes to choosing adequate coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can help discover if your situation might need an agent’s assistance.

  • How does medical payments coverage work?
  • Does coverage extend to my business vehicle?
  • What if I don’t agree with a claim settlement offer?
  • When does my teenage driver need to be added to my policy?
  • Am I missing any policy discounts?
  • Where can I find high-risk insurance?
  • How high should my medical payments coverage be?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Do I have coverage if my license is suspended?
  • When would I need rental car insurance?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form.

Don’t believe everything you hear

21st Century, Allstate and State Farm continually stream ads on television and other media. All the companies make an identical promise that you can save after switching to them. How do they all claim to save you money? This is how they do it.

Different companies are able to cherry pick for the type of customer they prefer to insure. An example of a desirable insured could possibly be over the age of 40, has no prior claims, and has great credit. Any new insured who fits that profile is entitled to the best price and most likely will save quite a bit of money when switching.

Drivers who do not match this ideal profile will have to pay a more expensive rate which usually ends up with business going elsewhere. Company advertisements say “drivers who switch” not “people who quote” save that much money. That’s the way insurance companies can make the claims of big savings. Because of the profiling, you need to get as many comparisons as possible. It’s impossible to know which auto insurance company will provide you with the cheapest Hyundai Elantra insurance rates.

Auto insurance coverage information

Knowing the specifics of a car insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses such as ambulance fees, funeral costs, nursing services and doctor visits. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. It covers both the driver and occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages

This covers damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as fire damage, hail damage, vandalism, a broken windshield and falling objects. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as colliding with another moving vehicle, crashing into a ditch, driving through your garage door, scraping a guard rail and hitting a parking meter. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Uninsured and underinsured coverage

This gives you protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Hyundai Elantra.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Auto liability

This protects you from damage or injury you incur to people or other property in an accident. This insurance protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for claims like structural damage, loss of income, emergency aid and repair costs for stationary objects. How much coverage you buy is up to you, but it’s cheap coverage so purchase as much as you can afford.

Saving money makes a lot of cents

Lower-priced 2016 Hyundai Elantra insurance is available from both online companies and also from your neighborhood agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance coverage companies may not provide the ability to get a quote online and most of the time these smaller companies sell through independent agents.

In this article, we covered many tips how you can compare insurance prices online. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding lower rates. Drivers may discover the most savings is with a smaller regional carrier.

As you prepare to switch companies, you should never reduce needed coverages to save money. There are many occasions where an insured cut physical damage coverage to discover at claim time that it was a big error on their part. The aim is to purchase plenty of coverage at a price you can afford while still protecting your assets.

Additional information