2005 Hyundai Elantra Car Insurance Rates

Searching for lower auto insurance rates for your Hyundai Elantra? Did you fall for a flashy sales pitch and buy overpriced auto insurance? Trust us, you’re not the only one. There is such a variety of insurance companies to choose from, and although it’s nice to have a selection, it can be more challenging to compare rates and find the lowest cost auto insurance.

It’s a great practice to do rate comparisons quite often because prices go up and down regularly. If you had the best rates on Elantra insurance two years ago there may be better deals available now. Ignore everything you know about auto insurance because we’re going to demonstrate how to use online quotes to eliminate unnecessary coverages and save money.

Verify you’re getting all your discounts

Auto insurance companies don’t necessarily list every available discount very clearly, so the following is a list of some of the best known and the more hidden ways to save on car insurance. If you’re not getting every credit you qualify for, you are throwing money away.

  • Passive Restraints – Factory air bags and/or automatic seat belt systems may earn rate discounts of up to 25% or more.
  • Life Insurance Discount – Larger companies have a break if you buy life insurance.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.
  • Good Students Pay Less – Getting good grades can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.
  • Braking Control Discount – Vehicles equipped with ABS or steering control prevent accidents and therefore earn up to a 10% discount.
  • More Vehicles More Savings – Insuring multiple cars or trucks with the same company qualifies for this discount.
  • Discount for New Cars – Buying coverage on a new vehicle is cheaper due to better safety requirements for new cars.
  • Use Seat Belts – Using a seat belt and requiring all passengers to use a seat belt can save 10% or more off the personal injury premium cost.

It’s important to note that most discount credits are not given to your bottom line cost. Some only apply to the price of certain insurance coverages like comp or med pay. So when the math indicates you could get a free car insurance policy, it doesn’t quite work that way.

Companies that may have these money-saving discounts include:

Double check with every prospective company which discounts you may be entitled to. Savings may not apply in your area.

Pieces of the Hyundai Elantra insurance rate puzzle

An important part of buying insurance is that you know the different types of things that help determine your insurance coverage rates. Having a good understanding of what influences your rates allows you to make educated decisions that may reward you with lower insurance coverage prices.

The following are a few of the “ingredients” companies use to determine rates.

  • Bad driving skills means higher rates – Drivers who don’t get tickets tend to pay less for car insurance than bad drivers. Even one citation can bump up the cost by as much as thirty percent. If you have serious violations like DUI or reckless driving may find they need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to continue driving.
  • Better crash test results mean better rates – Cars with high safety ratings tend to have better insurance rates. These vehicles reduce injuries and lower injury rates means less money paid by your insurance company and thus lower rates. If your Hyundai Elantra is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
  • Proper usage rating affects rates – The more miles you rack up on your Hyundai in a year the more you’ll pay to insure your vehicle. The majority of insurers rate vehicles based upon how you use the vehicle. Cars left parked in the garage can get a lower rate than those used for commuting. Make sure your insurance coverage policy shows how each vehicle is driven, because it can save money. Incorrect usage on your Elantra can cost quite a bit.
  • Car features impact rates – Owning a car with anti-theft technology or alarm system can help lower your rates. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your car from being stolen.

When should I talk to an agent?

When buying coverage, there isn’t really a best way to insure your cars. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions may help you determine if your situation could use an agent’s help.

  • Why does it cost so much to insure a teen driver?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Am I covered when delivering products for my home-based business?
  • Am I covered if my car is in a flood?
  • What is the rate difference between pleasure use and commuting?
  • Should I have combined single limit or split liability limits?
  • Do I need an umbrella policy?
  • Do I need roadside assistance coverage?
  • Should I get collision insurance on every vehicle?
  • Am I covered if I drive in a foreign country?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.

Buyer beware of auto insurance advertising tricks

Drivers get pounded daily by advertisements that promise big savings by State Farm, GEICO and Progressive. All the companies make the same claim of big savings if you switch to their company.

How do they all say the same thing?

All companies have a preferred profile for the driver they prefer to insure. An example of a desirable insured might be profiled as between 30 and 50, has no driving citations, and has excellent credit. A customer getting a price quote who matches those parameters gets the lowest rates and therefore will save when they switch companies.

Potential customers who don’t meet the requirements will have to pay a more expensive rate and ends up with business going elsewhere. Company advertisements say “people who switch” not “everyone that quotes” save money. This is how insurance companies can state the savings. Because of the profiling, you should get as many quotes as possible. It’s not possible to predict which company will fit your personal profile best.

Auto insurance 101

Having a good grasp of your insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverage types found on the average insurance policy.

Collision – Collision insurance pays for damage to your Elantra from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things such as colliding with another moving vehicle, colliding with a tree and driving through your garage door. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Medical payments coverage and PIP – Med pay and PIP coverage reimburse you for bills for nursing services, doctor visits, pain medications, rehabilitation expenses and prosthetic devices. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage – This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is very important.

Comprehensive coverage – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like damage from getting keyed, rock chips in glass and damage from flooding. The maximum 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 it’s not worth carrying full coverage.

Liability coverage – This coverage protects you from damages or injuries you inflict on other people or property in an accident. This coverage protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability insurance covers things such as repair bills for other people’s vehicles, emergency aid, loss of income, structural damage and attorney fees. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible.

Save your cold hard cash

Cheap 2005 Hyundai Elantra insurance can be bought both online and with local insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. There are still a few companies who do not offer online price quotes and many times these smaller companies only sell through independent insurance agents.

In this article, we presented quite a bit of information on how to save on insurance. The most important thing to understand is the more rate quotes you have, the better likelihood of reducing your rate. You may even discover the lowest priced auto insurance comes from a small local company. Regional companies may have significantly lower rates on certain market segments than the large multi-state companies such as GEICO and State Farm.

While you’re price shopping online, it’s very important that you do not skimp on coverage in order to save money. There have been many situations where an insured dropped collision coverage only to regret at claim time they didn’t purchase enough coverage. The proper strategy is to find the BEST coverage for the lowest price.

More tips and info about auto insurance is located in the articles below: