2023 Hyundai Elantra Car Insurance Rates in 2024 – 5 Ideas for Best Quotes

Wish you could get out of an expensive auto insurance policy? Believe me, many drivers have buyer’s remorse. Since vehicle owners have many insurance providers from which to choose, it can be impossible to locate the most affordable insurer.

How to get cheap car insurance

Cutting your car insurance rates is actually quite simple. Just take a couple of minutes to compare free insurance coverage quotes to discover which company has cheaper insurance coverage quotes. It’s super easy and can be done by using one of the methods below.

• The easiest and least time consuming way to find low rates is a comparison rater form. This style of form saves time by eliminating separate quote forms for every company. One form gets coverage cost estimates from all major companies.
• Another way to compare prices consists of going to each company website to request a price quote. For examples sake, let’s say you are doing a rate comparison from Auto-Owners, Allstate and Farmers. You would be required to take the time to go to each site to enter the same coverage data repeatedly, which can take a lot of time.

Whichever way you use, make darn sure you compare identical coverages on every price quote you get. If you are comparing different values for each quote it’s not possible to determine which rate is truly the best.

Don’t listen to company ads

Consumers constantly see and hear ads that promise big savings from companies such as Allstate, GEICO and Progressive. They all seem to convey the message about savings if you change your coverage to them.

How do they all make the same claim? You have to listen carefully.

Insurance coverage companies have specific guidelines for the type of driver that earns them the most money. For example, this type of risk profile might be described as over age 30, has other policies, and drives less than 10,000 miles a year. Someone that hits that “sweet spot” gets the lowest car insurance rates and will also save a lot of money.

Insureds who fall outside this ideal profile will probably have to pay higher premium rates which translates to business going elsewhere. The ads state “customers who switch” not “everyone who quotes” can save as much as they claim. That is how companies can truthfully make the claims of big savings. That is why it is so important to quote coverage with many companies. You cannot predict the company that will give you the biggest savings.

Car insurance policy discounts you can’t miss

Some insurance providers don’t always publicize every possible discount in a way that’s easy to find, so we researched a few of the more well known as well as the least known credits that may apply to you. If you are not receiving all the discounts you deserve, you are not getting the best rate possible.

• No Charge for an Accident – but a handful of insurance companies will turn a blind eye to one accident without raising rates so long as you haven’t had any claims for a set time period.
• Senior Citizens – If you qualify as a senior citizen, you may qualify for lower premium rates on Elantra coverage.
• Responsible Driver Discount – Safe drivers can get discounts for up to 45% lower rates on Elantra coverage than their less cautious counterparts.
• ABS Brakes – Anti-lock brake equipped vehicles are much safer to drive and therefore earn up to a 10% discount.
• Telematics Data – Drivers who elect to allow data collection to scrutinize when and where they use their vehicle by using a telematic data system such as In-Drive from State Farm or Allstate’s Drivewise system may get a rate reduction if they are good drivers.

A little disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Most cut individual premiums such as physical damage coverage or medical payments. Even though the math looks like all the discounts add up to a free policy, it doesn’t quite work that way.

Companies that may have many of the previously listed discounts may include but are not limited to:

• GEICO
• Auto-Owners Insurance
• American Family
• Esurance
• Progressive
• State Farm
• AAA

Before buying, ask every insurance company which discounts you may be entitled to. Some of the discounts discussed earlier may not be offered everywhere. To see a list of providers that offer many of these discounts, enter your zip code here.

Insurance agents can help

When it comes to buying proper insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Everyone’s needs are different so your insurance needs to address that. These are some specific questions can help discover if you might need an agent’s assistance.

• Will I be non-renewed for getting a DUI or other conviction?
• I have health insurance so do I need medical payments coverage?
• Will my vehicle be repaired with OEM or aftermarket parts?
• Is my Hyundai Elantra covered if I use it for business?
• Does my policy cover me when driving someone else’s vehicle?
• Is a blown tire covered by insurance?
• What is the difference between comprehensive and collision coverage?
• When should I not file a claim?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an agent. If you don’t have a local agent, simply complete your zip code. It’s fast, free and can provide invaluable advice.

Insurance coverages explained

Understanding the coverages of a insurance policy helps when choosing the best coverages at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement. Listed below are typical coverages found on most insurance policies.

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like falling objects, a broken windshield, damage from a tornado or hurricane, fire damage and hitting a deer. The highest amount a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. It can pay for injuries to you and your family as well as damage to your Hyundai Elantra.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for expenses such as chiropractic care, funeral costs and nursing services. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state and may carry a deductible

Collision insurance

Collision coverage will pay to fix damage to your Elantra caused by collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as hitting a mailbox, driving through your garage door, damaging your car on a curb and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Liability

This can cover damages or injuries you inflict on people or other property. This insurance protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability insurance covers things like structural damage, funeral expenses, attorney fees, court costs and medical expenses. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.

A penny earned…

Throughout this article, we presented many ideas to shop for 2023 Hyundai Elantra insurance online. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding low cost insurance coverage. You may be surprised to find that the lowest priced car insurance comes from some of the lesser-known companies. They may have significantly lower premium rates on certain market segments as compared to the big name companies such as Progressive and GEICO.

More affordable car insurance is definitely available both online as well as from insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance companies don’t offer online price quotes and usually these small insurance companies only sell through independent insurance agents.