Sick and tired of trying to scrape together enough money to insure your Hyundai every month? You are in the same boat as the majority of other car owners.
Online insurance companies like State Farm, Farmers Insurance, GEICO and Allstate increase brand awareness with catchy ads and it can be hard to sift through the bull and do the work needed to find the best deal.
If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using this strategy. Finding the best rates is not rocket science. Nevertheless, consumers do need to know the way companies compete online because it can help you find the best coverage.
Effectively comparing auto insurance prices can be a daunting task if you don’t understand the most efficient way to do it. You could waste time talking about coverages with insurance agencies in your area, or you can utilize online quoting for quick rates.
All the larger companies belong to a marketplace where insurance shoppers submit one quote, and at least one company then returns a price quote based on that information. This prevents consumers from doing quote forms for every auto insurance company.
To enter your information into the quoting system, click here to start a free quote.
The single downside to doing it this way is you don’t know exactly which carriers to get quotes from. If you wish to select from a list of companies for rate comparison, we have a listing of auto insurance companies in your area. View list of insurance companies.
It’s up to you which method you use, but make darn sure you compare exactly the same coverage information for every company. If you enter different deductibles it will be next to impossible to determine the lowest rate for your Hyundai Elantra. Just a small difference in insurance coverages can result in a big premium difference. Just keep in mind that obtaining a wide range of quotes will enable you to find a better price.
Progressive, Allstate and GEICO regularly use ads on television and other media. All the companies make an identical promise that you’ll save big if you move to their company. How do they all claim to save you money?
All the different companies can use profiling for the type of driver that makes them money. For instance, a preferred risk could be between the ages of 40 and 55, has no driving citations, and drives newer vehicles. A propective insured who matches those parameters will get the preferred rates and is almost guaranteed to save a lot of money.
Drivers who fall outside these standards will be charged higher prices which usually ends up with business not being written. The ad wording is “customers that switch” not “everyone that quotes” save money. That’s the way companies can truthfully state the savings. That is why it is so important to compare many company’s rates. Because you never know which company will give you the biggest savings.
Companies offering auto insurance don’t always list every discount in an easy-to-find place, so the following is a list of some of the best known and also the lesser-known savings tricks you should be using.
Consumers should know that most of the big mark downs will not be given to your bottom line cost. Most cut specific coverage prices like medical payments or collision. So despite the fact that it appears you would end up receiving a 100% discount, auto insurance companies aren’t that generous.
For a list of insurers who offer auto insurance discounts, click this link.
Knowing the specifics of your auto insurance policy can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverages found on most auto insurance policies.
Comprehensive (Other than Collision)
Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like hitting a deer, a tree branch falling on your vehicle, hail damage, damage from a tornado or hurricane and fire damage. The most you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Medical expense insurance
Personal Injury Protection (PIP) and medical payments coverage pay for expenses for things like hospital visits, nursing services and prosthetic devices. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible
Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims like crashing into a ditch, crashing into a building and hitting a parking meter. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.
Auto liability insurance
This will cover damage that occurs to a person or their property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage protects against things like attorney fees, pain and suffering, legal defense fees, repair costs for stationary objects and medical expenses. The amount of liability coverage you purchase is up to you, but consider buying higher limits if possible.
Protection from uninsured/underinsured drivers
Your UM/UIM coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Hyundai Elantra.
Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.
We covered many ideas to compare Hyundai Elantra insurance prices online. The key concept to understand is the more companies you get rates for, the better likelihood of reducing your rate. You may be surprised to find that the best prices are with a smaller regional carrier. These companies can often provide lower rates in certain areas than the large multi-state companies such as GEICO and State Farm.
As you go through the steps to switch your coverage, don’t be tempted to buy poor coverage just to save money. There are a lot of situations where drivers have reduced liability limits or collision coverage and learned later they didn’t purchase enough coverage. The proper strategy is to purchase plenty of coverage at an affordable rate while not skimping on critical coverages.
Cheap Hyundai Elantra insurance is available on the web in addition to many insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance providers do not provide the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.