How Much Does 2014 Hyundai Elantra GT Insurance Cost?

Looking for lower insurance rates for your Hyundai Elantra GT? Perplexed by the number of insurance companies available to you? Drivers have so many companies available that it can easily become a difficult situation to compare premium rates.

Compare quotes for auto insurance

When shopping for inexpensive insurance coverage quotes, there are a couple of ways to obtain and compare prices from many auto insurance companies in your state. The easiest way by far to compare 2014 Hyundai Elantra GT insurance prices is to use the internet to compare rates. This can be accomplished in just a few minutes using one of these methods.

  1. Probably the best way to find the lowest comparison rates is a comparison rater form click to view form in new window. This style of form eliminates the need for repetitive form entry for each price estimate. In just a few minutes this one form gets rate comparisons from multiple low-cost companies. It’s the fastest way to compare.
  2. A less efficient way to compare rate quotes requires visiting the website of each company and fill out a new quote form. For examples sake, let’s say you need rates from Allstate, Liberty Mutual and American Family. In order to compare rates, you need to go to each individual site to enter your coverage information, which is why first method is reommended. To view a list of companies in your area, click here.
  3. Even if you have time, the least recommended way to get rate quotes is to spend your day driving to local insurance agencies. The ability to get quotes online has made agencies unnecessary unless your situation requires the professional abilities of an agent trained in personal lines coverage. You can, however, comparison shop online but still have the advice of a local agent.

The method you choose is up to you, but make darn sure you compare the same information for each price quote. If you are comparing mixed coverages it will be impossible to make a fair comparison for your Hyundai Elantra GT. Even a minor difference in limits may result in large price differences. And when comparison shopping, comparing a wide range of rates will improve the odds of getting the best offered rates.

More affordable rates with discounts

Some companies don’t list all their discounts very well, so the below list has both the well known in addition to some of the lesser obvious credits available to you. If you do not check that you are getting every discount you deserve, you are paying more than you should be.

  • Air Bag Discount – Factory options such as air bags and/or automatic seat belt systems could see savings of 25 to 30%.
  • First Accident Forgiveness – This one isn’t a discount, but a few companies such as Liberty Mutual and Geico will forgive one accident without the usual rate increase as long as you don’t have any claims for a particular time prior to the accident.
  • Senior Discount – Drivers that qualify as senior citizens may be able to get a slight reduction on a insurance coverage quote for Elantra GT insurance.
  • Multi-line Discount – Some insurance coverage companies give a break if you buy some life insurance too.
  • Discount for Home Ownership – Being a homeowner can save you money since owning and maintaining a home requires a higher level of personal finance.
  • Driver Training Discounts – Taking time to complete a class that teaches safe driver techniques could cut 5% off your bill and also improve your driving technique.
  • Discount for Multiple Policies – If you can combine your auto and home policy and insure them both with the same insurance company you could save over 10 percent off each policy depending on the company.
  • Early Signing – A few larger companies give discounts for switching policies before your current policy expires. This discount can save up to 10%.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles are much safer to drive and qualify for as much as a 10% discount.
  • Active Military Service – Having a deployed family member could trigger a small discount.

Discounts save money, but please remember that most credits do not apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. Despite the fact that it seems like you could get a free insurance coverage policy, companies wouldn’t make money that way.

Popular insurance coverage companies and some of their more popular discounts can be read below.

  • Farmers Insurance may include discounts for business and professional, early shopping, mature driver, alternative fuel, good student, and teen driver.
  • State Farm policyholders can earn discounts including anti-theft, good driver, good student, multiple policy, and Steer Clear safe driver discount.
  • Liberty Mutual has savings for exclusive group savings, hybrid vehicle, new graduate, multi-policy, and new move discount.
  • MetLife discounts include multi-policy, claim-free, defensive driver, good student, good driver, and accident-free.
  • Progressive may offer discounts for continuous coverage, online quote discount, multi-vehicle, multi-policy, online signing, and good student.

Before you buy a policy, ask each insurance company what discounts are available to you. Some discounts might not be offered on policies in your area. If you would like to choose from a list of insurers with the best discounts, click here.

Four factors that affect insurance rates

Part of the car insurance buying process is learning the rating factors that are used to determine car insurance rates. When you know what positively or negatively impacts premium levels, this helps enable you to make changes that can earn you lower car insurance prices. Many factors are used when you get a price on insurance. Most are fairly basic such as your driving history, although others are more transparent such as your marital status or your financial responsibility.

The factors shown below are some of the things used by companies to determine prices.

  • Long commutes cost more – The more you drive each year the higher the price you pay to insure it. Most insurance companies calculate prices based upon how you use the vehicle. Vehicles that have low annual miles can be on a lower rate level than vehicles that have high annual mileage. Verify your declarations sheet is rated on annual mileage. An improperly rated Elantra GT may be costing you higher rates.
  • Men drivers tend to cost more – Statistics have proven that females tend to be a little less risky than males. However, this does not mean men are WORSE drivers than women. Men and women cause auto accidents at about the same rate, but the male of the species tend to have higher claims. Men also statistically have more aggressive citations such as driving while intoxicated (DWI) or driving recklessly. Male drivers age 16 to 19 are most likely to cause an accident and therefore are the most expensive to insure.
  • Insurance rates in urban areas – Living in less populated areas is a positive aspect when shopping for auto insurance. Fewer drivers and short commutes translates into fewer accident claims as well as less vandalism and auto theft. Urban drivers have more aggressive driving styles and much longer commute distances. More time on the road means more chance of being in an accident.
  • Discounts for auto and home policies – Many insurers will award a discount to policyholders that purchase more than one policy. It’s known as a multi-policy discount. The discount can be ten percent or more. Even though this discount sounds good, it’s always a smart idea to compare rates to guarantee you are still saving the most.

What is the best car insurance coverage?

When it comes to choosing the right insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Everyone’s situation is a little different.

For example, these questions might help in determining whether or not you will benefit from professional help.

  • How much liability do I need to cover my assets?
  • Can I afford to buy a different vehicle if my 2014 Hyundai Elantra GT is totaled?
  • Am I better off with higher deductibles on my 2014 Hyundai Elantra GT?
  • When can I cancel my policy?
  • What exactly is covered by my policy?
  • What can I do if my company denied a claim?
  • Will filing a claim cost me more?
  • Does insurance cover tools stolen from my truck?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, simply complete this short form.

Does insurance advertising bend the truth?

Popular insurance providers such as State Farm and Allstate seem to constantly run ads on TV and radio. They all try to convey promises about how much you will save if you switch your policy. How does each company make the same claim? Here is the trick they use.

Many companies give the best rates for the type of driver they prefer to insure. For example, a preferred risk might be over age 30, has few claims, and chooses high deductibles. A driver that fits those parameters will get low prices and will most likely save when switching.

Consumers who do not match this ideal profile will be quoted higher premiums which usually ends up with the customer not purchasing. If you pay close attention to the ads, they say “customers who switch” but not “everyone who gets a quote” save that kind of money. That’s why insurance companies can confidently state the savings.

This emphasizes why you need to quote coverage with many companies. It is impossible to predict which company will have the best car insurance rates for your profile.

Car insurance coverage information

Understanding the coverages of a insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Collision insurance

This coverage will pay to fix damage to your Elantra GT resulting from a collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like sustaining damage from a pot hole, damaging your car on a curb and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to choose a higher deductible to save money on collision insurance.

Medical expense coverage

Med pay and PIP coverage reimburse you for immediate expenses for chiropractic care, surgery, rehabilitation expenses, prosthetic devices and dental work. They are often used in conjunction with a health insurance plan or if you do not have health coverage. It covers all vehicle occupants and also covers getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Liability car insurance

Liability insurance provides protection from damage that occurs to other’s property or people in an accident. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against claims like repair costs for stationary objects, medical expenses and structural damage. How much liability should you purchase? That is a personal decision, but you should buy as much as you can afford.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family and damage to your Hyundai Elantra GT.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these limits are identical to your policy’s liability coverage.

Comprehensive protection

Comprehensive insurance pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like falling objects, fire damage, damage from a tornado or hurricane and vandalism. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

In the end, you save

We just presented quite a bit of information on how to save on 2014 Hyundai Elantra GT insurance. It’s most important to understand that the more rate comparisons you have, the better likelihood of getting cheaper insurance coverage. You may be surprised to find that the most savings is with the least-expected company.

Insureds leave their current company for a number of reasons such as unfair underwriting practices, high prices, questionable increases in premium or being labeled a high risk driver. Regardless of your reason, finding a new insurance coverage company is pretty simple and you could end up saving a buck or two.

When searching for low cost insurance coverage quotes, don’t be tempted to buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured dropped uninsured motorist or liability limits only to find out that they should have had better coverage. Your goal is to buy the best coverage you can find at the best price, but do not skimp to save money.

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