Lower Your 2016 Hyundai Elantra Insurance Rates

When trying to find cheaper insurance, do you get frustrated by the dozens of insurance sources available to you? Many other drivers are as well. Vehicle owners have such a large number of options that it can quickly become a chore to compare insurance rates.

Smart consumers take time to check insurance prices on a regular basis due to the fact that insurance prices trend upward over time. If you had the lowest rates on Elantra insurance two years ago other companies may now be cheaper. You can find a lot of wrong information about insurance on the web, but in just a couple of minutes you can learn some of the best ways to find cheap insurance.

Do you qualify for discount auto insurance?

Auto insurance is not inexpensive, but you may be missing some discounts that many people don’t even know exist. A few discounts will automatically apply at the time of quoting, but some need to be asked for before they will apply.

• Sign Early and Save – Some larger companies provide a discount for switching policies before your current expiration date. You can save around 10% with this discount.
• ABS Brakes – Cars, trucks, and SUVs that have steering control and anti-lock brakes can reduce accidents so you can save 10 percent or more.
• Active Service Discounts – Being deployed in the military may lower your prices slightly.
• Safety Course Discount – Successfully completing a course in defensive driving may get you a small discount and easily pay for the cost of the class.
• First Accident Forgiveness – but a few companies such as Progressive, Allstate, and Liberty Mutual permit an accident before they charge you more for coverage with the catch being you have to be claim-free prior to the accident.

A quick disclaimer, some of the credits will not apply to the entire policy premium. Most only reduce individual premiums such as collision or personal injury protection. Even though it may seem like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

Companies that may offer quotes with these money-saving discounts include:

• Geico
• USAA
• Progressive
• American Family
• Esurance
• Farmers Insurance
• State Farm

When comparing rates, check with each company which credits you are entitled to. Some credits may not apply to policies in your area. To choose companies with significant discounts, click here to view.

How to lower your insurance coverage cost

To find more affordable rates, there are a couple of ways to get quotes from different insurance companies. One of the best ways to find the cheapest 2016 Hyundai Elantra insurance rates is simply to get online rate quotes. This can be accomplished in a couple of different ways.

• The fastest and easiest way to compare a lot of rates at once would be an industry-wide quote request form like this one (opens in new window). This type of form eliminates the need for separate quote forms for each company. One form gets prices estimates from all major companies. Just one form and you’re done.
• A slightly less efficient method to find more affordable insurance is to take the time to go to the website for each individual company to request a price quote. For example, let’s assume you are doing a rate comparison from Auto-Owners, Allstate and Liberty Mutual. You would have to go to every website and enter your policy data, which is why the first method is quicker. To view a list of companies in your area, click here.
• The most difficult way to get price estimates is driving around to insurance agents’ offices. Comparing rates online makes this unnecessary unless you prefer the extra assistance only provided by licensed agents. Although, it is possible get prices online but still have the advice of a local agent.

However you get your quotes, do your best to enter equivalent coverages for each comparison quote. If you have higher or lower deductibles it’s not possible to determine the best price for your Hyundai Elantra. Slightly different coverages could skew the results. It’s important to know that getting more free quotes increases your odds of finding a lower rate than you’re paying now. Not every company provides quotes online, so it’s necessary to compare quotes on coverage from those companies, too.

What insurance coverages do I need?

When it comes to buying the right insurance coverage, there isn’t really a best way to insure your cars. Every insured’s situation is different.

For instance, these questions could help you determine whether your personal situation might need professional guidance.

• Does coverage extend to my business vehicle?
• What is medical payments coverage?
• Am I insured when driving a different vehicle?
• Do I have coverage if my license is suspended?
• How can I force my company to pay a claim?
• Should I carry comprehensive and collision coverage?
• What are the financial responsibility laws in my state?
• How much liability insurance is required?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form.

Auto insurance coverage information

Learning about specific coverages of your auto insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for bills for things like rehabilitation expenses, funeral costs, EMT expenses and doctor visits. They are used to fill the gap from your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Coverage for collisions

This will pay to fix damage to your Elantra caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as colliding with another moving vehicle, backing into a parked car and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist coverage

This gives you 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 Hyundai Elantra.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as hitting a deer, damage from getting keyed and hail damage. The most a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability car insurance

Liability coverage can cover injuries or damage you cause to other people or property in an accident. This insurance protects YOU against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 which stand for $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for things like legal defense fees, pain and suffering and court costs. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible.

Shop smart and save

When you buy insurance coverage online, do not skimp on coverage in order to save money. There are a lot of situations where an insured dropped collision coverage only to find out that the few dollars in savings costed them thousands. The proper strategy is to purchase plenty of coverage for the lowest price, not the least amount of coverage.

Throughout this article, we presented many ideas to reduce 2016 Hyundai Elantra insurance premium rates online. The most important thing to understand is the more you quote insurance coverage, the better your chances of lowering your prices. Consumers may even find the biggest savings come from the smaller companies.

Consumers change insurance companies for a number of reasons such as extreme rates for teen drivers, high prices, poor customer service and high rates after DUI convictions. It doesn’t matter what your reason, finding a new company is actually quite simple.

Helpful resources

• Older Driver Statistics (Insurance Information Insitute)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)
• Cellphones, Texting and Driving (iihs.org)
• Distracted Driving Statistics (Insurance Information Insitute)
• Understanding your Policy (NAIC.org)