1993 Hyundai Elantra Insurance Rates

Consumers have a choice when looking for the best price on Hyundai Elantra insurance. You can either waste hours contacting agents to compare prices or use the internet to make rate comparisons. There are more efficient ways to compare insurance rates so you’re going to learn the quickest way to quote coverages for a new or used Hyundai and find the cheapest rates from both online companies and local agents.

Smart consumers take time to compare premium rates once or twice a year because prices tend to go up over time. Even if you got the best rate on Elantra insurance two years ago there may be better deals available now. There are lots of tips to save on insurance on the web, but in a few minutes you can learn some excellent ideas to find affordable insurance.

If you have a current auto insurance policy or need a new policy, you can learn to get lower rates and possibly find even better coverage. The purpose of this article is to teach you how to effectively get price quotes and some tricks to saving. Drivers only need an understanding of how to shop for auto insurance online.

Car insurance policy discounts you can’t miss

Car insurance is not cheap, but you can get discounts to help offset the cost. A few discounts will automatically apply at the time of quoting, but once in a while a discount must be inquired about prior to getting the savings.

• Professional Memberships – Being a member of specific professional or occupational memberships or organizations could trigger savings on your next car insurance statement.
• First Accident Forgiveness – This one is not really a discount per se, but companies like State Farm and Allstate allow you one accident before hitting you with a surcharge if you have no claims for a certain period of time.
• Auto/Home Discount – If you combine your homeowners and auto policies and insure them both with the same insurance company they may give you a discount of nearly 15% which can help you find the cheapest car insurance.
• Safety Restraint Discount – Drivers who require all occupants to use a seat belt may be able to save a few bucks on medical payment and PIP coverage.
• Drive Safe and Save – Insureds who avoid accidents could pay up to 40% less on Elantra insurance than drivers with accidents.
• Include Life Insurance and Save – Select car insurance companies reward you with a discounted car insurance rate on car insurance if you buy life insurance from them.

As a sidenote, most discounts do not apply to the entire policy premium. Some only apply to specific coverage prices like comp or med pay. So even though it sounds like you could get a free car insurance policy, it’s just not the way it works. Any qualifying discounts will reduce the premium cost.

To locate car insurance companies who offer discounts, click here.

The best way to compare rates is to take advantage of the fact auto insurance companies allow for online access to give you rate quotes. The only thing you need to do is take a few minutes to give details such as how your vehicles are used, any included safety features, if you’re married, and what you do for a living. That information is submitted instantly to multiple top-rated companies and you will receive price estimates quickly.

Choices you make can impact your insurance rates

Many factors are considered when pricing auto insurance. Some are pretty understandable such as your driving history, although others are more transparent like your continuous coverage or your financial responsibility.A large part of saving on insurance is knowing some of the factors that help calculate insurance rates. If you have some idea of what positively or negatively impacts your premiums, this enables you to make decisions that may reward you with lower premium levels.

• Gender matters – Over the last 30 years, statistics show that females take fewer risks when driving. However, don’t assume that males are worse at driving than females. Females and males get in auto accidents at a similar rate, but men get into accidents with more damage. Men also tend to get higher numbers of serious violations like DUI and reckless driving. Young males have the highest risk to insure and therefore pay the highest rates.
• Pleasure use or commuting – The higher the miles on your Hyundai annually the more you’ll pay to insure your vehicle. Most companies calculate prices based upon how the vehicle is primarily used. Cars and trucks that do not get driven very much receive lower rates than cars that get driven a lot. Ask your agent if your insurance coverage states the correct usage, because it can save money. An incorrectly rated Elantra may be costing you.
• Defend yourself with liability insurance – A critical coverage on your policy, liability insurance will protect you when a court rules you are at fault for personal injury or accident damage. Your liability coverage provides you with a defense in court which can cost thousands of dollars. Liability insurance is pretty cheap when compared with rates for comp and collision, so do not skimp.
• Prevent insurance policy lapses – Having a lapse in insurance coverage can be a guaranteed way to drive up your policy premiums. Not only will rates go up, failure to provide proof of insurance could earn you a fine, jail time, or a revoked license.

Insurance agents can help

When choosing the right insurance coverage, there is no “perfect” insurance plan. Each situation is unique.

For instance, these questions can help discover whether your personal situation might need an agent’s assistance.

• Is business property covered if stolen from my car?
• Will my insurance pay for OEM parts?
• When should I drop full coverage on my 1993 Hyundai Elantra?
• Does my 1993 Hyundai Elantra need full coverage?
• Which companies will insure high-risk drivers?
• Can I rate high risk drivers on liability-only vehicles?
• Are split liability limits better than a combined single limit?
• Am I covered when using my vehicle for business?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form. It’s fast, free and can provide invaluable advice.

Save $433 a year. For real?

Consumers can’t get away from ads for cheaper insurance by companies like State Farm and Allstate. All the ads make an identical promise that you’ll save big if you change your insurance coverage to their company.

How does every company cost less than your current company? Just pay attention to how they say it.

All the different companies require specific criteria for the type of driver that earns them the highest profit. One example of a preferred risk could be a mature driver, has no tickets, and has great credit. Someone that meets those criteria may get the lowest prices and will also save some money.

Insureds who do not match the requirements may receive a higher rate which results in the customer not purchasing. The ad wording is “customers who switch” not “all people who quote” save that kind of money. That’s the way insurance companies can make those claims. Because each company has a different risk profile, you really need to quote coverage with many companies. It is impossible to guess the company that will fit you best based on your risk profile.

Detailed coverages of your car insurance policy

Having a good grasp of car insurance aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy.

Coverage for liability

This provides protection from damage that occurs to a person or their property by causing an accident. It protects you from claims by other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 that means you have $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability can pay for things like pain and suffering, funeral expenses, structural damage and court costs. How much coverage you buy is a personal decision, but buy as much as you can afford.

Comprehensive coverage

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like theft, hitting a bird and rock chips in glass. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and also any damage incurred to your 1993 Hyundai Elantra.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like ambulance fees, chiropractic care, nursing services and hospital visits. They can be used in conjunction with a health insurance plan or if you do not have health coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Collision coverage

This coverage will pay to fix damage to your Elantra resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things such as colliding with another moving vehicle, colliding with a tree, damaging your car on a curb, crashing into a building and hitting a mailbox. This coverage can be expensive, so consider dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

The bottom line

As you shop your coverage around, make sure you don’t buy less coverage just to save a little money. There are a lot of situations where an insured cut collision coverage and learned later that the small savings ended up costing them much more. Your objective should be to buy enough coverage at the best possible price, not the least amount of coverage.

Consumers who switch companies do it for any number of reasons including extreme rates for teen drivers, not issuing a premium refund, policy non-renewal and high prices. Regardless of your reason, switching insurance companies is pretty simple and you could end up saving a buck or two.

Lower-priced 1993 Hyundai Elantra insurance is definitely available on the web as well as from independent agents, and you need to price shop both to get a complete price analysis. There are still a few companies who do not offer online price quotes and usually these smaller providers sell through independent insurance agencies.

To read more, take a look at these articles:

• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• How Much is Tulsa Car Insurance for a Hyundai Elantra? (TulsaCoverage.com)
• Who Has the Cheapest Auto Insurance for a Hyundai Elantra in Houston? (HoustonCoverage.com)
• Choosing a Car for Your Teen (State Farm)
• Teen Driver Licensing Information (iihs.org)
• Auto Insurance Basics (Insurance Information Insitute)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• State Car Insurance Guides (Geico)