2002 Hyundai Elantra Insurance Rates – 5 Ideas for Cheaper Quotes

Want the cheapest insurance coverage rates for your Hyundai Elantra? Are you drained from wondering where the money will come from to pay high insurance coverage rates every month? You have the same problem as the majority of other drivers.

Insurance companies such as Geico, Progressive and Allstate continually bombard you with TV and radio ads and it can be hard to ignore the propoganda and do the work needed to find the best deal.

How to lower your car insurance cost

Performing a rate comparison can take hours if you don’t utilize the best way to get rate quotes. You can waste hours driving to insurance companies in your area, or you could save time and use online quotes to get pricing more quickly.

Many insurance companies belong to a marketplace that allows shoppers to only type in their quote data once, and every company can give them a price determined by their information. This prevents consumers from doing quote forms for each company.

To compare rates now click to open in new window.

The one downside to getting quotes like this is that you can’t choose the providers to receive prices from. So if you prefer to pick specific insurance companies for rate comparison, we put together a list of low cost car insurance companies in your area. Click to view list.

Whichever method you choose, be certain you are entering the same coverage limits for each quote you get. If you compare different coverage information then you won’t be able to determine which rate is truly the best. Slightly different insurance coverages or limits can make a big difference in price. And when comparison shopping, getting more free quotes will improve the odds of getting better pricing. Some smaller insurers to not give rate quotes online, so it’s important to also get rates on coverage from those companies, too.

Don’t listen to company ads

Insurance providers like State Farm, Allstate and Geico endlessly run ads in print and on television. All the ads advertise the message that you’ll save big if you just switch your policy. How can each company offer drivers better rates? It’s all in the numbers.

All companies have strict underwriting profiles for a prospective insured that will most likely be profitable. A good example of a profitable insured may need to be a mature driver, has no tickets, and drives less than 5,000 miles a year. Anybody that meets those criteria is entitled to the best price and will probably pay quite a bit less when switching companies.

Consumers who do not fit the “perfect” profile may receive higher premiums and the customer not buying. If you listen closely, the ads state “people that switch” not “all people who quote” will save that much if they switch. That is how companies can make the claims of big savings. Because each company has a different risk profile, it’s extremely important to compare price quotes frequently. It is just not possible to predict which insurance company will have the best premium rates.

These five discounts can slash auto insurance rates

Companies don’t always list the entire discount list in an easy-to-find place, so we break down a few of the more well known and also the lesser-known discounts you could be receiving when you buy insurance coverage online. If you’re not getting every credit you deserve, it’s possible you qualify for a lower rate.

• Distant Student Discount – Any of your kids who are enrolled in a college that is more than 100 miles from home and leave their car at home could get you a discount.
• Active Service Discounts – Having a family member in the military could trigger a small discount.
• Seat Belt Usage – Requiring all passengers to buckle up can save a little off the personal injury premium cost.
• Own a Home – Owning your own home or condo can save a few bucks because maintaining a house means you have a higher level of financial diligence.
• Auto/Life Discount – Some auto insurance companies give a discounted rate on car insurance if you buy some life insurance in addition to your auto policy.

A quick disclaimer, most discount credits are not given to all coverage premiums. The majority will only reduce specific coverage prices like comp or med pay. Just because you may think all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

Some of the larger companies that may offer some of the above discounts may include but are not limited to:

• American Family
• Nationwide
• MetLife
• 21st Century
• Farmers Insurance
• Allstate

Double check with every company which discounts can lower your rates. Some credits may not apply to policyholders everywhere. To view providers that offer multiple discounts, follow this link.

When do I need an agent’s advice?

When it comes to buying coverage, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For instance, these questions can help discover whether you might need an agent’s assistance.

• Can I drive in Mexico and have coverage?
• Is my Hyundai Elantra covered if I use it for business?
• Are all vehicle passengers covered by medical payments coverage?
• Am I missing any policy discounts?
• Can I afford low physical damage deductibles?
• When would I need additional glass coverage?
• Does my insurance cover a custom paint job?
• When does my teenage driver need to be added to my policy?

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

Specific coverages for a Hyundai Elantra

Knowing the specifics of a car insurance policy can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be confusing and coverage can change by endorsement. Listed below are the usual coverages found on most car insurance policies.

Liability car insurance

Liability coverage will cover damage or injury you incur to other’s property or people that is your fault. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for things such as bail bonds, attorney fees, structural damage and loss of income. How much coverage you buy is a decision to put some thought into, but you should buy as much as you can afford.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for bills like funeral costs, ambulance fees, surgery, dental work and doctor visits. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Uninsured and underinsured coverage

This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Collision insurance

Collision insurance will pay to fix damage to your Elantra from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like sideswiping another vehicle, colliding with a tree and scraping a guard rail. 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 bring the cost down.

Comprehensive coverages

This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as falling objects, damage from getting keyed, vandalism, a broken windshield and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Smart consumers save more

Cheap 2002 Hyundai Elantra insurance is definitely available both online as well as from independent agents, so you need to shop insurance coverage with both to get a complete price analysis. A few companies may not have the ability to get quotes online and usually these small insurance companies provide coverage only through independent agents.

In this article, we covered many ways to lower your 2002 Hyundai Elantra insurance premium rates. The key thing to remember is the more times you quote, the better your comparison will be. Drivers may discover the lowest premium rates come from the least-expected company. These companies may have significantly lower prices on certain market segments than their larger competitors like Progressive or Geico.

Other information

• Teen Driver Licensing Information (iihs.org)
• Who Has Cheap Car Insurance Quotes for a Hyundai Elantra in Portland? (PortlandInsure.com)
• Auto Insurance FAQ (Farmers Insurance)
• Young Drivers: The High Risk Years Video (iihs.org)
• Airbag FAQ (iihs.org)