Lower Your 1996 Hyundai Elantra Insurance Quotes

Being forced to pay for expensive insurance coverage premiums can dry up your personal savings and possibly require postponing other expenditures. Price shopping at each renewal can be a smart way to make sure you’re not throwing money away.

Many insurers vie for your hard-earned dollar, so it can be very hard to choose a insurance company and get the best coverage at the best rates possible.

The Hyundai Elantra insurance price equation

Lots of factors are part of the equation when you quote your car insurance policy. Some are pretty understandable like an MVR report, but other factors are more obscure like where you live or how safe your car is.

The following are some of the things used by companies to determine prices.

• Youthful drivers cost more – Older people tend to be more responsible, statistically cause fewer accidents and are safer drivers.Youthful drivers are known to be easily distracted behind the wheel and because of this, their insurance rates are much higher.
• Don’t buy add-on coverages that aren’t used – There are a ton of additional coverages that may not really be needed when buying insurance. Coverage for things like replacement cost coverage, towing, and term life insurance could be just wasting money. They may sound like good ideas at first, but your money might be better spent on other coverage so remove them and pocket the money.
• Improve your credit rating – Your credit score is a big factor in calculating your insurance rates. If your credit is not that good, you could be paying less to insure your 1996 Hyundai Elantra if you improve your credit rating. Drivers who have good credit tend to file fewer claims than drivers who have bad credit.
• Drive a safer car and pay less – Cars with five star safety ratings tend to have better insurance rates. Vehicles built for safety reduce the chance of injuries and fewer serious injuries means lower claim amounts and lower rates for you.

Low cost insurance coverage prices

Cutting your insurance coverage rates is an easy way to save money. You just need to spend a few minutes on the computer comparing rates to find the company with inexpensive insurance quotes. Price comparisons can be done by using one of the methods below.

1. One of the simplest ways to compare a lot of rates at once is to use a rate comparison form click to view form in new window. This style of form keeps you from doing multiple quote forms for every insurance coverage company. A single, simple form will return price quotes from all major companies.
2. A harder way to shop for insurance coverage online consists of visiting the website of each company to complete their respective quote request forms. For sake of this example, let’s say you want to see prices from Progressive, Liberty Mutual and Allstate. You would have to go to each individual site and repeatedly enter your information, which is why the first method is more popular. For a list of companies in your area, click here.

It doesn’t matter which method you choose, just double check that you are using nearly identical quote information on every price quote you get. If you are comparing different coverage information you can’t possibly find the best deal for your Hyundai Elantra.

Truth in insurance coverage advertising

Consumers constantly see and hear ads for the lowest price insurance coverage by companies like Progressive, Geico, Allstate and State Farm. All the companies make the point that drivers will save a bundle if you just switch to their company.

How does every insurance coverage company cost less than your current company?

Insurance companies have a preferred profile for the type of driver that will generate a profit. One example of a driver they prefer might be described as over the age of 50, has had continuous coverage, and drives less than 10,000 miles a year. Anyone who meets those qualifications will get the preferred prices and will probably save money with a new company.

Consumers who are not a match for the ideal profile will be quoted higher prices which results in business not being written. If you pay attention, the ads say “people who switch” not “everyone that quotes” save that much when switching. That’s the way insurance companies can confidently advertise the savings.

Because of this risk profiling, you really should compare price quotes frequently. Because you never know which company will have the lowest rates.

Verify you’re receiving every discount

Car insurance can cost a lot, but there could be significant discounts that can help lower your rates. A few discounts will be applied at quote time, but some must be specially asked for before they will apply.

• First Accident Forgiveness – This one is not really a discount per se, but a few companies such as Progressive, State Farm and Geico permit an accident before hitting you with a surcharge if you have no claims for a set time period.
• Theft Deterent Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems have a lower chance of being stolen and will save you 10% or more.
• Early Renewal Discounts – Select companies give a discount for buying a new policy before your current policy expires. It could save around 10% when you buy insurance online.
• Homeowners Discount – Owning a home may trigger a policy discount on insurance since home ownership means you have a higher level of financial diligence.
• Discounts for Government Workers – Having worked for a branch of the government may reduce rates when you quote insurance for Elantra insurance with a few insurance companies.
• Paperwork-free – A few companies will provide an incentive for signing up online.
• Multiple Vehicles – Drivers who insure multiple vehicles with one company can reduce rates for all insured vehicles.
• Pay Early and Save – If you pay your entire premium ahead of time rather than paying in monthly installments you could save up to 5%.

As a disclaimer on discounts, most credits do not apply to your bottom line cost. Most only apply to specific coverage prices like comp or med pay. Even though the math looks like all those discounts means the company will pay you, insurance companies aren’t that generous. Any amount of discount will bring down your policy premium.

A list of companies and some of the discounts are outlined below.

• The Hartford may include discounts for good student, anti-theft, driver training, air bag, bundle, and vehicle fuel type.
• American Family policyholders can earn discounts including Steer into Savings, bundled insurance, defensive driver, mySafetyValet, and multi-vehicle.
• Progressive may offer discounts for online signing, good student, multi-policy, homeowner, and online quote discount.
• Travelers includes discounts for early quote, IntelliDrive, good student, payment discounts, student away at school, and multi-policy.
• Farmers Insurance may have discounts that include mature driver, pay in full, alternative fuel, bundle discounts, teen driver, and good student.
• USAA offers discounts for vehicle storage, defensive driver, family discount, safe driver, loyalty savings, multi-policy, and driver training.
• Liberty Mutual has savings for new vehicle discount, new move discount, teen driver discount, safety features, hybrid vehicle, newly retired, and new graduate.

Before you buy a policy, ask each company or agent how you can save money. Some of the earlier mentioned discounts may not apply to policies in every state. If you would like to view insurers with significant discounts, click here.

When should I discuss my situation with an agent?

When choosing proper insurance coverage, there is no cookie cutter policy. Each situation is unique so your insurance should reflect that For instance, these questions may help highlight if your situation could use an agent’s help.

• Is a fancy paint job covered?
• Should I rate my 1996 Hyundai Elantra as pleasure use or commute?
• Will my vehicle be repaired with OEM or aftermarket parts?
• Are rock chip repairs covered?
• Will filing a claim cost me more?
• Am I covered if hit by an uninsured driver?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

Insurance coverage options for a 1996 Hyundai Elantra

Knowing the specifics of a insurance policy can help you determine the best coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find the usual coverages offered by insurance companies.

Coverage for medical expenses – Med pay and PIP coverage pay for expenses like prosthetic devices, ambulance fees, surgery, rehabilitation expenses and nursing services. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Most of the time these limits are set the same as your liablity limits.

Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things like damage from a tornado or hurricane, a broken windshield, vandalism and hitting a bird. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability car insurance – This protects you from injuries or damage you cause to other people or property by causing an accident. It protects YOU from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability can pay for things such as legal defense fees, funeral expenses, court costs, loss of income and medical expenses. How much coverage you buy is up to you, but buy as high a limit as you can afford.

Collision – This coverage pays to fix your vehicle from damage from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as colliding with another moving vehicle, sustaining damage from a pot hole, hitting a mailbox and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

A fool and his money are soon parted

Some insurance companies may not provide online rate quotes and these smaller providers prefer to sell through independent agencies. Cheaper insurance can be bought both online and from local agencies, so you should be comparing quotes from both so you have a total pricing picture.

When buying insurance coverage, do not reduce needed coverages to save money. Too many times, an accident victim reduced full coverage only to regret that their decision to reduce coverage ended up costing them more. Your focus should be to find the BEST coverage at the best possible price while not skimping on critical coverages.

Helpful information

• State Car Insurance Guides (Geico)
• How Much is Anchorage Auto Insurance for a Hyundai Elantra? (AnchorageAutoGuard.com)
• Smart Auto Insurance Tips (Insurance Information Insitute)
• Older Drivers FAQ (iihs.org)
• Airbag FAQ (iihs.org)
• How to Avoid Common Accidents (State Farm)