Compare 1998 Hyundai Elantra Insurance Cost

Have you had enough of being strong-armed each month for car insurance? You are no different than most other car owners. Having so many insurance companies to choose from, it is very difficult to locate the most cost effective insurance company.

Discounts are basically free money

Companies offering auto insurance don’t always advertise all their discounts in a way that’s easy to find, so here is a list some of the best known as well as the least known ways to save on car insurance. If you aren’t receiving every discount you qualify for, you are throwing money away.

  • Save over 55 – If you’re over the age of 55, you can possibly qualify for reduced rates for Elantra coverage.
  • Employee of Federal Government – Employees or retirees of the government can save as much as 8% for Elantra coverage depending on your company.
  • Paperless Signup – Certain companies will discount your bill up to fifty bucks simply for signing on their website.
  • Drivers Ed for Students – Have your child enroll in driver’s education if it’s offered in school.
  • New Car Discount – Insuring a new car can cost up to 25% less compared to insuring an older model.

It’s important to understand that some credits don’t apply to all coverage premiums. Most only cut the price of certain insurance coverages like comp or med pay. So even though they make it sound like adding up those discounts means a free policy, companies wouldn’t make money that way.

For a list of providers offering car insurance discounts, click here.

Factors that can influence Hyundai Elantra insurance rates

An important part of buying insurance is that you know the rating factors that go into determining the price you pay for insurance. When you know what positively or negatively determines base rates empowers consumers to make smart changes that will entitle you to better insurance rates.

Listed below are some of the items used by your company to calculate prices.

  • Claim-free discounts can add up – Companies provide discounts to people who are claim-free. If you file claims often, you can definitely plan on either policy cancellation or increased premiums. Insurance coverage is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Theft deterrents lower rates – Choosing a vehicle that has an advanced theft prevention system can help lower your rates. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart car theft.
  • Sex matters – The statistics show women are more cautious behind the wheel. That doesn’t necessarily mean that women are better drivers. Women and men are in accidents at about the same rate, but the men cause more damage. Men also statistically get cited for more serious violations such as reckless driving. Teenage male drivers are several times more likely to be in an accident and therefore have the most expensive insurance rates.
  • More people means more accidents – Living in small towns and rural areas has it’s advantages when it comes to insurance. Lower population translates into fewer accidents and a lower car theft rate. Urban drivers have to deal with congested traffic and a longer drive to work. More time on the road means more change of being in an accident.

Which insurance is the “right” coverage?

When buying proper insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Every situation is different so this has to be addressed. For example, these questions can help discover whether you may require specific advice.

  • Am I covered if I drive in a foreign country?
  • What discounts do I qualify for?
  • Does medical payments coverage apply to all occupants?
  • Is my babysitter covered when using my vehicle?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Which companies will insure high-risk drivers?
  • Do I need higher collision deductibles?
  • Does my medical payments coverage pay my health insurance deductible?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can provide invaluable advice.

Specific coverage details

Understanding the coverages of your insurance policy helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on the average insurance policy.

Comprehensive insurance – Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like theft, a tree branch falling on your vehicle, hitting a bird, fire damage and damage from getting keyed. The most a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Hyundai Elantra.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is very important.

Collision coverages – Collision coverage covers damage to your Elantra resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like scraping a guard rail, crashing into a building, hitting a parking meter and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also choose a higher deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance pay for expenses such as chiropractic care, hospital visits, funeral costs, X-ray expenses and dental work. The coverages can be used in conjunction with a health insurance program or if you lack health insurance entirely. It covers all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Coverage for liability – This protects you from damage or injury you incur to other’s property or people by causing an accident. This insurance protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability insurance covers claims like medical services, funeral expenses and pain and suffering. How much coverage you buy is up to you, but buy as high a limit as you can afford.

More quotes mean more savings

We just presented many tips how you can compare 1998 Hyundai Elantra insurance prices online. The most important thing to understand is the more quotes you get, the higher your chance of finding lower rates. You may be surprised to find that the lowest premiums are with the least-expected company. These companies may often insure only within specific states and give getter rates compared to the large companies like Allstate, Geico and Progressive.

Cheaper insurance is possible both online and also from your neighborhood agents, and you need to price shop both so you have a total pricing picture. Some insurance coverage companies may not provide you the ability to get quotes online and most of the time these smaller companies sell through independent agents.

When trying to cut insurance costs, it’s very important that you do not reduce coverage to reduce premium. There have been many situations where consumers will sacrifice comprehensive coverage or liability limits only to regret at claim time they didn’t purchase enough coverage. The proper strategy is to buy the best coverage you can find at an affordable rate while still protecting your assets.

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