Searching for the cheapest insurance rates for your Hyundai Elantra? Are you sick and tired of trying to scrape together enough money to insure your Hyundai every month? Your situation is no different than the majority of other car owners.
Drivers have multiple insurance companies to buy insurance from, and even though it’s nice to have multiple companies, so many choices can make it hard to find the lowest rates.
It’s smart to do rate comparisons every six months because rates are rarely the same from one policy term to another. Even if you got the best rates for Elantra insurance a few years ago a different company probably has better rates today. You’ll find quite a bit of inaccurate information about insurance online but I’m going to show you some of the best ways to quit paying high insurance rates.
Insurance can be prohibitively expensive, but there are discounts available to help offset the cost. Larger premium reductions will be automatically applied at the time you complete a quote, but some may not be applied and must be inquired about before you get the savings.
Drivers should understand that many deductions do not apply to the entire cost. Most only reduce the cost of specific coverages such as collision or personal injury protection. So when it seems like it’s possible to get free car insurance, companies wouldn’t make money that way. Any amount of discount will cut your premiums.
To see a list of insurance companies who offer insurance coverage discounts, click here.
When it comes to buying the right insurance coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s situation is a little different so this has to be addressed. These are some specific questions could help you determine whether you would benefit from an agent’s advice.
If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.
Insurance providers like State Farm and Allstate regularly use ads in print and on television. They all make the same claim of big savings if you move to them. But how can every company make almost identical claims? This is how they do it.
Different companies have a preferred profile for the type of customer that is profitable for them. For example, a driver they prefer could possibly be between the ages of 30 and 50, insures multiple vehicles, and has great credit. A driver that hits that “sweet spot” gets the lowest rates and most likely will save a lot of money.
Consumers who fall outside the “perfect” profile will be quoted higher prices which leads to business going elsewhere. The ad wording is “drivers who switch” but not “drivers who get quotes” save that much. That is how insurance companies can make those claims.
This emphasizes why drivers should compare as many rates as you can. It is impossible to predict which insurance companies will provide you with the cheapest Hyundai Elantra insurance rates.
Knowing the specifics of a auto insurance policy can help you determine the right coverages for your vehicles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. These are typical coverages found on the average auto insurance policy.
Insurance for medical payments
Coverage for medical payments and/or PIP pay for expenses like dental work, pain medications and funeral costs. They are often used in conjunction with a health insurance program or if you do not have health coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay
Collision protection
Collision insurance pays for damage to your Elantra resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for claims such as sustaining damage from a pot hole, crashing into a building, damaging your car on a curb, backing into a parked car and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Another option is to bump up the deductible to save money on collision insurance.
Liability coverages
This provides protection from damages or injuries you inflict on a person or their property that is your fault. This coverage protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.
Liability can pay for things such as pain and suffering, structural damage, funeral expenses, medical services and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things like hitting a deer, damage from getting keyed, rock chips in glass, falling objects and vandalism. The highest amount your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Uninsured Motorist or Underinsured Motorist insurance
This protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Hyundai Elantra.
Since many 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. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.
When shopping online for insurance, don’t be tempted to sacrifice coverage to reduce premiums. In too many instances, someone sacrificed full coverage only to discover later that they should have had better coverage. The proper strategy is to find the BEST coverage at the best price.
We covered a lot of ways to shop for 2000 Hyundai Elantra insurance online. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding lower rates. Drivers may discover the lowest premiums are with some of the lesser-known companies. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm, Geico and Nationwide.
Lower-priced insurance can be sourced both online and with local insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. There are still a few companies who do not offer online quoting and usually these regional insurance providers provide coverage only through local independent agents.
Much more information about insurance can be found at the links below