2014 Hyundai Elantra Car Insurance Quotes – 9 Tips to Save

Buyers have lots of choices when searching for low-cost Hyundai Elantra insurance. You can either waste hours driving around to get rate comparisons or save time using the internet to compare rates.

There are more efficient ways to buy insurance coverage so we’re going to tell you the absolute fastest way to get price quotes on a Hyundai and locate the cheapest rates from both online companies and local agents.

Discounts mean cheaper Hyundai Elantra insurance rates

Properly insuring your vehicles can get expensive, but there are discounts available that many people don’t even know exist. A few discounts will automatically apply when you purchase, but some may not be applied and must be asked for before you get the savings. If you don’t get every credit you deserve, you’re just leaving money on the table.

  • Safety Course Discount – Completing a driver safety course could save 5% or more depending on where you live.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Hyundai can qualify you for discounted rates on garaged vehicles.
  • Passive Restraints and Air Bags – Cars that have air bags or motorized seat belts can receive discounts of up to 25% or more.
  • Homeowners Savings – Being a homeowner may earn you a small savings due to the fact that maintaining a home shows financial diligence.
  • Sign Early and Save – Select companies give a discount for switching policies prior to your current policy expiration. It can save you around 10%.
  • Government Employees – Active or retired federal employment could cut as much as 10% off on Elantra insurance with certain companies.
  • Pay Upfront and Save – If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
  • Good Student Discount – A discount for being a good student can save 20 to 25%. The discount lasts well after school through age 25.
  • Accident Forgiveness – A handful of insurance companies will forgive one accident before your rates go up as long as you don’t have any claims for a set time period.

Drivers should understand that many deductions do not apply to your bottom line cost. A few only apply to individual premiums such as liability and collision coverage. Even though it may seem like adding up those discounts means a free policy, you won’t be that lucky. Any qualifying discounts will cut the amount you have to pay.

To see a list of insurers with discount insurance rates, follow this link.

Can you really save that much by switching?

Consumers get pounded daily by advertisements for the lowest price auto insurance by State Farm and Allstate. They all make the same claim that you’ll save big if you change to their company.

How do they all claim to save you money? This is how they do it.

Different companies can use profiling for the type of customer that earns them a profit. A good example of a desirable insured could possibly be a mature driver, a clean driving record, and has a high credit rating. A driver who meets those qualifications receives the best rates and therefore will save a lot of money.

Potential insureds who fall outside this ideal profile will be quoted higher prices which usually ends up with business not being written. The ads state “people who switch” not “people who quote” save that kind of money. That’s why insurance companies can confidently make the claims of big savings.

This emphasizes why it is so important to get quotes from several different companies. It’s impossible to know the company that will fit your personal profile best.

Tailor your coverage to you

When it comes to buying the right insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Every situation is different.

These are some specific questions may help highlight whether your personal situation might need professional guidance.

  • Is a blown tire covered by insurance?
  • Does my insurance cover my expensive audio equipment?
  • Am I getting all the discounts available?
  • Why am I required to get a high-risk car insurance policy?
  • Can I afford to pay high deductible claims out of pocket?
  • Will my insurance pay for OEM parts?

If you can’t answer these questions then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form. It is quick, free and you can get the answers you need.

Specific coverages for a Hyundai Elantra

Learning about specific coverages of a auto insurance policy helps when choosing the right coverages for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Hyundai Elantra.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability

This coverage can cover damage that occurs to a person or their property in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover 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. You might see values of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Occasionally you may see a combined limit which provides one coverage limit without having the split limit caps.

Liability can pay for things like structural damage, bail bonds and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible.

Coverage for medical expenses

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses such as EMT expenses, funeral costs, doctor visits, hospital visits and prosthetic devices. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Coverage for collisions

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things like hitting a mailbox, scraping a guard rail, sustaining damage from a pot hole, sideswiping another vehicle and rolling your car. Collision is rather expensive coverage, so consider removing coverage from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Comprehensive auto insurance

This pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as damage from a tornado or hurricane, vandalism and damage from getting keyed. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

In the end, you save

Cost effective 2014 Hyundai Elantra insurance can be found both online and with local insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance companies do not offer online quoting and these regional insurance providers work with independent agents.

We’ve covered some good ideas how to save on insurance. The key concept to understand is the more companies you get rates for, the more likely it is that you will get a better rate. Consumers could even find that the lowest premiums are with a small mutual company.

As you restructure your insurance plan, it’s very important that you do not skimp on coverage in order to save money. In too many instances, an insured dropped liability limits or collision coverage and learned later that the savings was not a smart move. Your strategy should be to purchase a proper amount of coverage at the best price while still protecting your assets.

Additional information