1993 Hyundai Elantra Insurance Quotes

Trying to find the cheapest car insurance rates for your Hyundai Elantra? Are you irritated from trying to scrape together enough money each month for car insurance? You are no different than many other consumers. People have multiple insurance companies to purchase coverage from, and although it’s a good thing to have a selection, more options can take longer to find the lowest rates.

Smart consumers take time to compare rates every six months because insurance prices change regularly. Despite the fact that you may have had the best price on Elantra coverage six months ago other companies may now be cheaper. You can search a lot of car insurance on the internet, but I’m going to show you some excellent ideas to slash your car insurance rates.

Lower rates by qualifying for discounts

Buying auto insurance is not cheap, but you may qualify for discounts that many consumers don’t even know exist. Many discounts should be triggered at the time of quoting, but some need to be specially asked for before they will apply.

  • Discount for Low Mileage – Driving fewer miles may enable drivers to earn substantially lower premium rates.
  • New Car Discount – Insuring a new car may earn a small discount because new vehicles have to meet stringent safety requirements.
  • Federal Employees – Being employed by or retired from a federal job can save as much as 8% on Elantra coverage with a few auto insurance companies.
  • ABS Brakes – Cars, trucks, and SUVs with ABS braking systems or traction control have fewer accidents and therefore earn up to a 10% discount.
  • Discount for Life Insurance – Not all insurance companies offer life insurance, but some may give you a small discount if you purchase some life insurance in addition to your auto policy.
  • Accident Forgiveness – This one is not really a discount per se, but some companies like Libery Mutual, Geico and Allstate will forgive one accident before raising your premiums if you are claim-free for a certain period of time.
  • Discount for Multiple Policies – If you can bundle your auto and homeowners insurance and place coverage with the same company you may save over 10 percent off each policy depending on the company.
  • Good Grades Discount – A discount for being a good student can earn a discount of 20% or more. You can use this discount normally up to age 25.
  • Discounts for Multiple Vehicles – Having primary and secondary vehicles on a single policy may reduce the rate for each vehicle.

Discounts lower rates, but most discounts do not apply to the overall cost of the policy. Most cut specific coverage prices like comprehensive or collision. Even though it may seem like all those discounts means the company will pay you, companies wouldn’t make money that way.

A few companies that may offer quotes with some of the above discounts may include but are not limited to:

If you need cheaper insurance coverage quotes, ask every insurance company the best way to save money. Some discounts listed above might not be offered in your area. To see a list of insurers offering auto insurance discounts, click here.

How to buy insurance coverage

There are several ways to compare insurance coverage prices and some are easier and takes less work. You can waste hours discussing policy coverages with insurance companies in your area, or you could use the web to get rate comparisons in just a few minutes.

Most of the best insurance companies belong to a marketplace where prospective buyers submit their information once, and each participating company returns a rated price. This eliminates the need for quotation requests to each company. To compare pricing click here (opens in new window).

The single downside to pricing coverage this way is that you can’t choose which carriers you want to price. So if you want to choose from a list of companies to request quotes from, we have assembled a list of low cost insurance coverage companies in your area. View list of insurance companies.

However you get your quotes, double check that you are using identical coverage data on every price quote you get. If you use mixed coverages it will be next to impossible to determine which company has the best rates.

What determines Hyundai Elantra insurance costs?

Part of the car insurance buying process is learning the factors that are used to determine car insurance rates. When you know what positively or negatively determines base rates, this allows you to make educated decisions that may reward you with much lower annual insurance costs. Many different elements are part of the equation when you quote your car insurance policy. A few of the factors are predictable like an MVR report, although some other factors are not quite as obvious like your vehicle usage or how safe your car is.

The itemized list below are a partial list of the pieces used by your company to calculate premiums.

  • Liability risk factors in – Liability insurance provides coverage if you are responsible for damages from an accident. Your liability coverage provides for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not cut corners here.
  • Cheaper car insurance rates for prior coverage – Having a lapse in insurance coverage is a guaranteed way to increase your rates. Not only will you pay higher rates, getting caught without coverage can result in a revoked license or a big fine.
  • Marriage reduces risk – Having a spouse actually saves money when buying car insurance. Having a significant other is viewed as being more mature and statistics show married drivers tend to file fewer claims.
  • Bad credit hurts insurance prices – Your credit history is a large factor in determining premium rates. Therefore, if your credit score leaves room for improvement, you could potentially save money when insuring your 1993 Hyundai Elantra by spending a little time repairing your credit. People with high credit ratings tend to be better risks to insure as compared to drivers with worse credit.
  • Prices also based on gender – The statistics show that women are safer drivers than men. However, don’t assume that females are better at driving than males. Males and females cause auto accidents in similar numbers, but guys get into accidents with more damage. Men also statistically get higher numbers of serious violations like DWI (DUI) or reckless driving. Males from age 16 to 21 tend to get in the most accidents and therefore are the most expensive to insure.
  • Drive less and save – The higher the miles on your Hyundai each year the higher the price you pay to insure it. A lot of insurance companies calculate prices based on how the vehicle is used. Cars and trucks that are left in the garage receive better premium rates than vehicles that have high annual mileage. It’s a good idea to make sure your vehicle rating correctly shows annual mileage, because improper ratings can cost you money. Having the wrong rating on your Elantra can cost quite a bit.
  • Your address can impact premiums – Choosing to live in small towns and rural areas can be a good thing when shopping for auto insurance. Drivers who live in large cities have traffic congestion and a longer drive to work. Fewer drivers means reduced accidents.

Auto insurance is unique, just like you

When choosing coverage for your personal vehicles, there is no “best” method to buy coverage. Everyone’s needs are different so this has to be addressed. For example, these questions might point out whether your personal situation will benefit from professional help.

  • I don’t drive much so do I pay less?
  • Do I have coverage when pulling a U-Haul trailer?
  • Is motorclub coverage worth it?
  • Am I covered if I drive in a foreign country?
  • What is UM/UIM insurance?
  • What can I do if my company won’t pay a claim?
  • Am I covered if I crash into my own garage door?
  • What is the difference between comprehensive and collision coverage?
  • Does my insurance cover damage caused when ticketed for reckless driving?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Coverages available on your insurance policy

Understanding the coverages of your insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. These are the usual coverages found on the average insurance policy.

Comprehensive (Other than Collision) – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like hitting a bird, rock chips in glass, falling objects, hitting a deer and theft. The maximum payout your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for liability – Liability insurance will cover damages or injuries you inflict on other’s property or people by causing an accident. It protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability insurance covers claims like repair costs for stationary objects, funeral expenses, medical expenses, pain and suffering and bail bonds. How much coverage you buy is a decision to put some thought into, but you should buy higher limits if possible.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for chiropractic care, X-ray expenses, dental work and hospital visits. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible

Collision – This coverage pays for damage to your Elantra resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as rolling your car, sustaining damage from a pot hole, sideswiping another vehicle, colliding with another moving vehicle and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Shop smart and save

As you prepare to switch companies, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are too many instances where someone sacrificed full coverage and discovered at claim time that the small savings ended up costing them much more. The aim is to purchase a proper amount of coverage at a price you can afford and still be able to protect your assets.

We’ve covered a lot of techniques to reduce 1993 Hyundai Elantra insurance premium rates online. It’s most important to understand that the more times you quote, the better likelihood of getting inexpensive insurance coverage. You may be surprised to find that the lowest premium rates come from a company that doesn’t do a lot of advertising. Some small companies can often provide lower prices in certain areas as compared to the big name companies such as Allstate and Progressive.

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