1998 Hyundai Elantra Insurance Rates – 7 Tips for Best Quotes

Looking for cheaper car insurance rates for your Hyundai Elantra? If online car insurance comparisons are new to you, there’s a good chance you are confused due to the large selection of online companies who all claim to have the lowest rates.

Smart consumers take time to compare prices every six months because car insurance rates tend to go up over time. Just because you found the best rate on Elantra insurance a few years ago you can probably find a lower rate today. There are a lot of ways to save on car insurance online but you can learn some solid techniques on how to stop overpaying for insurance.

If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using these methods. This article will teach you the most effective way to quote insurance and some money-saving tips. Nevertheless, drivers benefit from understanding the way companies sell online and take advantage of how the system works.

How to shop insurance coverage online

When shopping for insurance coverage there are multiple ways to compare rate quotes from different companies. One of the best ways to find affordable 1998 Hyundai Elantra insurance rates is simply to get online rate quotes. It’s really quite simple and can be done using a couple different methods.

The easiest and least time consuming way to find the lowest comparison rates is an all-inclusive rate comparison like this one (opens in new window). This type of form eliminates the need for separate quote forms for each price estimate. Completing one form gets coverage cost estimates from multiple low-cost companies. This is by far the quickest method.

A less efficient way to shop for insurance coverage online consists of visiting each company’s website and fill out their own quote form. For sake of this example, we’ll assume you need rates from Progressive, Safeco and Farmers. In order to compare rates, you need to go to every website to enter the same coverage data repeatedly, which is why the first method is quicker.

For a list of companies in your area, click here.

The final method to compare price estimates is physically going to each insurance agency near you. The ability to get quotes online can eliminate the need for a local agent unless you prefer the trained guidance of an agent trained in personal lines coverage. It is possible to comparison shop online but purchase the actual policy in an agency.

Which method you use is up to you, but be sure to compare the same coverage information on every quote. If your comparisons have differing limits you can’t possibly make an equal comparison. Quoting even small variations in coverages could throw off the whole comparison. And when quoting insurance coverage, remember that getting more free quotes increases the change that you will find a better price.

Are you falling for claims of savings?

Progressive, Allstate and Geico consistently run television, radio, and online ads. All the companies advertise claims about savings if you change your policy. How does every insurance company make the same claim? It’s all in the numbers.

Most companies give the cheapest rates for the driver that makes them money. A good example of a preferred risk might be described as between the ages of 40 and 55, has had continuous coverage, and has great credit. Anyone who fits those characteristics gets the lowest prices and will save money with a new company.

Drivers who fall outside those standards may be required to pay a more expensive rate and this results in the customer buying from a different company. The trick is to say “drivers who switch” but not “all drivers who get quotes” save that much money. This is how insurance companies can confidently make the claims of big savings. Different companies use different criteria so drivers should compare free insurance coverage quotes often. It is impossible to predict which insurance company will give you lower rates than your current company.

Cheaper rates by taking advantage of these seven discounts

Some companies don’t necessarily list every discount in a way that’s easy to find, so below is a list both the well known as well as some of the hidden discounts that may be available.

  • Employee of Federal Government – Federal government employees can save as much as 8% on Elantra insurance depending on your insurance coverage provider.
  • Multi-car Discount – Drivers who insure multiple cars on a single policy may reduce the rate for each vehicle.
  • College Student Discount – Any of your kids who are enrolled in higher education away from home and do not have a car may be able to be covered for less.
  • Early Switch Discount – A few insurance companies give discounts for buying a new policy prior to the expiration date on your current policy. You can save around 10% with this discount.
  • Telematics Data Discounts – People who choose to allow their company to study driving habits by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates as long as they are good drivers.
  • Defensive Driving Course – Taking part in a class that teaches defensive driving techniques could save 5% or more and easily pay for the cost of the class.
  • Drive Safe and Save – Drivers who don’t get into accidents can save as much as half off their rates on Elantra insurance than less cautious drivers.

As a sidenote, most of the big mark downs will not be given to all coverage premiums. A few only apply to the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears all the discounts add up to a free policy, insurance coverage companies aren’t that generous. But any discount will help reduce your policy premium.

A list of companies and some of their more popular discounts are shown below.

  • Farm Bureau policyholders can earn discounts including multi-vehicle, driver training, 55 and retired, good student, and youthful driver.
  • State Farm includes discounts for Steer Clear safe driver discount, good student, passive restraint, defensive driving training, and Drive Safe & Save.
  • Progressive offers discounts including multi-policy, online signing, multi-vehicle, continuous coverage, good student, and homeowner.
  • Allstate has savings for farm vehicle, teenSMART discount, early signing, utility vehicle, economy car, and multi-policy.
  • Nationwide may include discounts for good student, family plan, defensive driving, anti-theft, easy pay, and accident-free.
  • MetLife may have discounts that include claim-free, accident-free, good driver, defensive driver, and good student.

Before buying, ask each company or agent which discounts can lower your rates. All car insurance discounts may not be available in your area. To see a list of insurance coverage companies who offer free insurance coverage quotes, click this link.

How much insurance do I need?

When buying adequate coverage, there is no one size fits all plan. Every situation is different.

Here are some questions about coverages that may help highlight if your insurance needs will benefit from professional help.

  • What discounts do I qualify for?
  • Why does it cost so much to insure a teen driver?
  • Is there coverage for injuries to my pets?
  • When would I need rental car insurance?
  • Who is covered when they drive my 1998 Hyundai Elantra?
  • What are the best liability limits?
  • Does my insurance cover my expensive audio equipment?

If you’re not sure about those questions, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form.

What car insurance coverages do you need?

Having a good grasp of car insurance aids in choosing the right coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

Comprehensive or Other Than Collision

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things like a broken windshield, fire damage, vandalism, damage from flooding and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for bills for rehabilitation expenses, funeral costs and pain medications. They are often utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision coverage

Collision coverage pays for damage to your Elantra resulting from a collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like sustaining damage from a pot hole, driving through your garage door, scraping a guard rail and damaging your car on a curb. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Auto liability insurance

Liability insurance can cover damage that occurs to other people or property that is your fault. It protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for things such as medical expenses, legal defense fees, court costs, repair costs for stationary objects and funeral expenses. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Quote often and quote early

People who switch companies do it for any number of reasons including delays in responding to claim requests, lack of trust in their agent, delays in paying claims or unfair underwriting practices. It doesn’t matter why you want to switch switching car insurance companies is pretty simple and you could end up saving a buck or two.

As you go through the steps to switch your coverage, don’t be tempted to skimp on coverage in order to save money. There are too many instances where an accident victim reduced comprehensive coverage or liability limits and discovered at claim time that the small savings ended up costing them much more. Your strategy should be to buy a smart amount of coverage at the best possible price and still be able to protect your assets.

We just presented a lot of techniques to compare 1998 Hyundai Elantra insurance prices online. The most important thing to understand is the more rate quotes you have, the better chance you’ll have of finding affordable insurance coverage. Drivers may discover the lowest prices are with a smaller regional carrier.

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