Cheaper 2003 Hyundai Elantra Insurance Rates

Searching for lower car insurance rates for your Hyundai Elantra? Feel like you’re a prisoner to overpriced car insurance? Trust us, there are a lot of people just like you who feel imprisoned by their car insurance policy. You have multiple insurers to insure vehicles with, and although it’s nice to have a choice, having more car insurance companies makes it harder to find the best rates.

It’s a great practice to check car insurance prices yearly due to the fact that insurance rates are variable and change quite frequently. Just because you found the lowest rates on Elantra coverage last year there is a good chance you can find better rates now. Block out anything you think you know about car insurance because you’re about to learn the best way to get good coverage at a lower rate.

Choosing the best insurance company for you is easy if you know what you’re doing. If you have a current car insurance policy or need new coverage, you can learn to find the best rates and still get good coverage. Drivers only need to know the most effective way to compare rates online.

Are you getting all your discounts?

Car insurance companies don’t always list every available discount in a way that’s easy to find, so we researched some of the more common and also the lesser-known insurance savings. If you aren’t receiving every discount you deserve, you’re paying more than you need to.

  • Military Discounts – Having a deployed family member may qualify for rate reductions.
  • Defensive Driver – Completing a driver safety course can save you 5% or more if your company offers it.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes prevent accidents and earn discounts up to 10%.
  • Multi-car Discount – Buying insurance for more than one vehicle on one policy could earn a price break for each car.
  • Safe Driver Discount – Safe drivers can get discounts for up to 45% lower rates on Elantra coverage than their less cautious counterparts.
  • Bundle and Save – If you insure your home and vehicles with the same insurance company you may earn 10% to 20% off each policy.
  • No Accidents – Drivers with accident-free driving histories can save substantially compared to frequent claim filers.

It’s important to note that most of the big mark downs will not be given to your bottom line cost. Some only reduce specific coverage prices like liability and collision coverage. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way.

Companies that may have these benefits include:

It’s a good idea to ask every prospective company which discounts you may be entitled to. Discounts might not be offered everywhere.

Hyundai Elantra insurance premiums are calculated by many factors

It’s important that you understand the rating factors that go into determining the rates you pay for insurance. Having a good understanding of what controls the rates you pay allows you to make educated decisions that can help you get big savings.

  • Being married is a good thing – Having a spouse helps lower the price on your policy. It usually means you are more mature and it’s proven that being married results in fewer claims.
  • Traffic citations inflate rates – Even one speeding ticket can bump up the cost twenty percent or more. Drivers who don’t get tickets get better rates than bad drivers. If you have serious violations such as DUI or reckless driving may find they need to file a SR-22 with the DMV in their state in order to continue driving.
  • High crash test scores lower rates – Cars with high safety ratings get lower rates. Safer cars have better occupant injury protection and better occupant protection translates into savings for insurance companies and lower rates for you. If your Hyundai Elantra has ratings of a minimum four stars on Safercar.gov you may qualify for a discount.
  • Your location affects your rates – Living in small towns and rural areas is a positive aspect when talking about insurance. Less people living in that area means reduced accidents. Urban drivers have more traffic problems and a longer drive to work. More time commuting means more change of being in an accident.
  • Rates may be higher depending on your occupation – Did you know your job can affect your rates? Jobs such as real estate brokers, social workers and financial analysts tend to have higher average rates because of stressful work requirements and long work hours. Conversely, professions such as scientists, engineers and performers receive lower rates on Elantra coverage.

When might I need an agent?

When choosing the best car insurance coverage, there really is not a “perfect” insurance plan. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions might help in determining whether your personal situation would benefit from an agent’s advice.

  • Should I buy additional glass protection?
  • Where can I find high-risk insurance?
  • Is my ex-spouse still covered by my policy?
  • Is my 2003 Hyundai Elantra covered for smoke damage?
  • When can I cancel my policy?
  • How much liability insurance is required?
  • How can I find cheaper teen driver insurance?
  • Should I bundle my homeowners policy with my auto?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Do I have coverage when making deliveries for my home business?

If you don’t know the answers to these questions, you may need to chat with an agent. If you don’t have a local agent, fill out this quick form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Insurance coverages explained

Learning about specific coverages of a insurance policy can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are the usual coverages found on most insurance policies.

Medical costs insurance

Coverage for medical payments and/or PIP pay for bills such as hospital visits, surgery and rehabilitation expenses. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Collision protection

Collision insurance will pay to fix damage to your Elantra caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like colliding with a tree, hitting a parking meter, backing into a parked car, scraping a guard rail and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible to save money on collision insurance.

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 damage to your Hyundai Elantra.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Liability insurance

This coverage will cover injuries or damage you cause to other people or property that is your fault. This insurance protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability insurance covers claims such as emergency aid, medical services and structural damage. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive or Other Than Collision

This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as fire damage, damage from flooding, damage from a tornado or hurricane, a broken windshield and hitting a deer. The highest amount 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 dropping full coverage.

Smart shoppers get results

As you prepare to switch companies, it’s very important that you do not skimp on coverage in order to save money. There have been many situations where an insured dropped collision coverage only to discover later that the few dollars in savings costed them thousands. Your aim should be to purchase a proper amount of coverage for the lowest price, not the least amount of coverage.

We’ve covered a lot of information how to compare 2003 Hyundai Elantra insurance prices online. The key thing to remember is the more rate quotes you have, the better chance you’ll have of finding lower rates. Consumers may even find the best prices are with some of the smallest insurance companies. Regional companies often have lower prices on specific markets as compared to the big name companies such as State Farm and Allstate.

Much more information about insurance is available at these links: