Lower Your 2003 Hyundai Elantra Insurance Rates

I can’t think of anyone who gets a kick out of paying for car insurance, especially knowing their premiums are too high. Since you have so many companies and agents to choose from, it can be challenging to locate the best car insurance provider.

Get cheap rates with discounts

Car insurance companies don’t necessarily list every discount they offer very well, so the next list breaks down some of the best known as well as some of the hidden ways to save on car insurance.

  • Clubs and Organizations – Affiliation with a civic or occupational organization could earn you a nice discount on your next renewal.
  • Accident Forgiveness – Not really a discount, but some insurance companies permit an accident without raising rates if your claims history is clear before the accident.
  • Defensive Driver – Taking time to complete a driver safety course is a good idea and can lower rates and make you a better driver.
  • Payment Discounts – If you pay your entire premium ahead of time rather than paying monthly you could save 5% or more.
  • Switch and Save Discount – Some car insurance companies provide a discount for switching policies prior to your current policy expiring. You could save around 10% when you buy insurance coverage online.
  • Theft Deterent – Vehicles that have factory anti-theft systems are stolen with less frequency and qualify for as much as a 10% discount.
  • Driver Education Discount – Make teen driver coverage more affordable by requiring them to take driver’s ed class in high school.
  • Multiple Cars – Buying insurance for multiple cars on the same car insurance policy can reduce the rates for all insured vehicles.
  • College Student Discount – who live away from home at college and don’t have a car may be able to be covered for less.

As is typical with insurance, most discounts do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as liability and collision coverage. So even though it sounds like having all the discounts means you get insurance for free, it’s just not the way it works. But all discounts will reduce your policy premiums.

A few popular companies and a summarized list of policyholder discounts are detailed below.

  • Mercury Insurance discounts include good driver, good student, accident-free, age of vehicle, multi-policy, and professional/association.
  • Farmers Insurance policyholders can earn discounts including pay in full, bundle discounts, multi-car, early shopping, and electronic funds transfer.
  • Farm Bureau may have discounts that include 55 and retired, safe driver, driver training, renewal discount, and multi-policy.
  • State Farm may offer discounts for multiple autos, accident-free, safe vehicle, good student, driver’s education, good driver, and multiple policy.
  • Allstate offers discounts for multi-policy, safe driver, new car, 55 and retired, and premier plus.
  • Geico has savings for multi-policy, membership and employees, five-year accident-free, multi-vehicle, good student, anti-theft, and defensive driver.

When quoting, ask each insurance company the best way to save money. A few discounts might not be offered on policies in your area. If you would like to view insurance companies with discount rates, click here to view.

Why your insurance premiums might be higher

Smart consumers have a good feel for the factors that help determine insurance coverage rates. When you understand what determines premiums, this helps enable you to make changes that will entitle you to better insurance coverage rates. Lots of factors are considered when pricing auto insurance. A few of the factors are predictable such as your driving history, but other factors are not as apparent like your continuous coverage or your commute time.

The list below includes a few of the things used by insurance companies to determine premiums.

  • Pay more by driving carelessly – Your driving citation history influences premium rates substantially. Good drivers have lower premiums as compared to careless drivers. Even a single driving citation can bump up the cost by as much as thirty percent. Drivers with careless violations like reckless driving or DUI may find they need to prove financial responsibility with their state’s licensing department in order to legally drive.
  • Combine policies to earn discounts – Most major companies will award lower prices to customers that purchase more than one policy, otherwise known as a multi-policy discount. Even with this discount applied, you still need to get quotes from other companies to verify if the discount is saving money.There is a chance you can find lower rates by splitting coverages up.
  • Cut rates and deter theft – Selecting a car model that has a built-in theft deterrent system can help bring down rates. Anti-theft features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can help prevent your car from being stolen.
  • Marriage is a factor – Having a significant other may cut your premiums when buying insurance coverage. Marriage may mean you are more mature and insurance companies like that drivers who are married are more cautious.
  • Insurance coverage lapses lead to higher rates – Having a gap between insurance policy dates will be a sure-fire way to pay more for insurance coverage. Not only will rates go up, not being able to provide proof of insurance could result in a revoked license or a big fine.
  • Youthful driver insurance premiums – Youthful drivers are statistically shown to be careless and easily distracted behind the wheel so insurance coverage rates are higher. Adding a inexperienced driver onto your insurance coverage will cause a huge premium hike. Mature drivers have been proven to be more responsible, cost insurance companies less in claims and get fewer tickets.

What is the best auto insurance coverage?

When buying the right insurance coverage, there is no “perfect” insurance plan. Each situation is unique so this has to be addressed. Here are some questions about coverages that might help in determining if your insurance needs would benefit from professional advice.

  • Am I covered if my car is in a flood?
  • Is my teenager covered with friends in the car?
  • How much liability coverage do I need in my state?
  • Why do I only qualify for high-risk insurance?
  • When should I not file a claim?
  • Is my cargo covered for damage or theft?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Do I need an umbrella policy?
  • When should I drop full coverage on my 2003 Hyundai Elantra?
  • How can I get high-risk coverage after a DUI?

If you can’t answer these questions but a few of them apply then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It only takes a few minutes and can provide invaluable advice.

Insurance coverage breakdown

Knowing the specifics of your insurance policy helps when choosing which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are the normal coverages offered by insurance companies.

Collision – Collision coverage will pay to fix damage to your Elantra resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like driving through your garage door, scraping a guard rail, colliding with another moving vehicle, sideswiping another vehicle and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Auto liability insurance – This will cover damage or injury you incur to other’s property or people that is your fault. It protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that translate to 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. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability can pay for things such as loss of income, bail bonds and legal defense fees. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying higher limits if possible.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Hyundai Elantra.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these limits do not exceed the liability coverage limits.

Comprehensive coverage – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like falling objects, a broken windshield, damage from flooding, a tree branch falling on your vehicle and damage from getting keyed. The maximum amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for short-term medical expenses such as ambulance fees, X-ray expenses, nursing services and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Money doesn’t grow on trees

As you shop your coverage around, you should never skimp on coverage in order to save money. There have been many cases where consumers will sacrifice uninsured motorist or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase plenty of coverage for the lowest cost.

We just covered a lot of ways to compare 2003 Hyundai Elantra insurance car insurance rates online. The key concept to understand is the more rate comparisons you have, the better chance you’ll have of finding the cheapest insurance coverage. Consumers could even find that the best price on insurance coverage is with some of the lesser-known companies. Regional companies may often insure only within specific states and give getter rates than their larger competitors like Allstate or State Farm.

Cheaper 2003 Hyundai Elantra insurance can be bought from both online companies in addition to local insurance agencies, and you should compare rates from both in order to have the best chance of saving money. Some insurance providers may not offer online quoting and these smaller companies prefer to sell through independent agents.

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