2002 Hyundai Elantra Insurance Cost – 5 Savings Tips

Want the cheapest auto insurance rates for your Hyundai Elantra? Cutting costs on auto insurance might be nearly impossible for drivers not familiar with buying insurance online. With such a big selection of agents and insurance companies available, it can turn into a real challenge to compare prices.

Auto insurance quotes and discounts

Insurance can cost an arm and a leg, but there could be significant discounts that you may not even know about. Some of these disounts will be visible at quote time, but some must be asked for in order for you to get them.

  • Drive Less and Save – Driving fewer miles may enable drivers to earn lower prices due to less chance of an accident.
  • Defensive Driver – Taking part in a defensive driver course is a good idea and can lower rates if your company offers it.
  • Mature Driver Discount – If you’re over the age of 55, you could receive a small decrease in premiums for Elantra coverage.
  • Good Student – Performing well in school can earn a discount of 20% or more. The good student discount can last until age 25.
  • Professional Organizations – Having an affiliation with specific professional or occupational memberships or organizations could trigger savings on auto insurance.

Don’t be shocked that many deductions do not apply to the entire cost. Some only apply to the cost of specific coverages such as medical payments or collision. So even though you would think all the discounts add up to a free policy, you’re out of luck. But any discount will cut your policy premiums.

Larger auto insurance companies and a partial list of their discounts include:

  • State Farm may include discounts for student away at school, passive restraint, Steer Clear safe driver discount, accident-free, driver’s education, Drive Safe & Save, and multiple policy.
  • American Family policyholders can earn discounts including air bags, multi-vehicle, accident-free, mySafetyValet, and defensive driver.
  • Geico offers discounts for anti-theft, daytime running lights, multi-vehicle, seat belt use, and driver training.
  • 21st Century has discounts for anti-lock brakes, early bird, 55 and older, automatic seat belts, student driver, and air bags.
  • Progressive offers discounts including online quote discount, multi-vehicle, online signing, homeowner, good student, and multi-policy.

Before purchasing a policy, check with all the companies which discounts they offer. Discounts might not be offered in your state.

Situations that may require an agent’s advice

When it comes to choosing coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can aid in determining whether your personal situation would benefit from an agent’s advice.

  • What vehicles should carry emergency assistance coverage?
  • What is the difference between comprehensive and collision coverage?
  • Are there companies who specialize in insuring high-risk drivers?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Should I sign the liability waiver when renting a car?
  • Does insurance cover tools stolen from my truck?
  • Does my medical payments coverage pay my health insurance deductible?
  • How do I insure my teen driver?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form.

Specific coverage details

Learning about specific coverages of auto insurance can be of help when determining the right coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for rehabilitation expenses, nursing services, chiropractic care and X-ray expenses. They are used in conjunction with a health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Liability car insurance

This provides protection from damage that occurs to other people or property that is your fault. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims such as repair costs for stationary objects, structural damage, emergency aid, pain and suffering and medical expenses. The amount of liability coverage you purchase is your choice, but you should buy as high a limit as you can afford.

Comprehensive insurance

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as rock chips in glass, a broken windshield, damage from a tornado or hurricane, a tree branch falling on your vehicle and damage from flooding. The highest amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision protection

Collision insurance pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things such as sustaining damage from a pot hole, damaging your car on a curb, colliding with a tree and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Hyundai Elantra.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these limits are identical to your policy’s liability coverage.

Be a penny pincher

We just covered some good ideas how to get a better price on 2002 Hyundai Elantra insurance. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding cheap insurance. You may be surprised to find that the most savings is with a lesser-known regional company.

While you’re price shopping online, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many situations where an insured cut full coverage only to regret that the few dollars in savings costed them thousands. The ultimate goal is to buy a smart amount of coverage at the best price while not skimping on critical coverages.

Cheaper 2002 Hyundai Elantra insurance can be found both online and with local insurance agents, so get free insurance quotes from both of them to have the best selection. Some auto insurance companies may not provide rates over the internet and many times these regional insurance providers sell through independent insurance agents.

Additional detailed information is available in the articles below: