Compare Hyundai Elantra Insurance Rate Quotes in Riverside

Insurance for Hyundai ElantraIt’s safe to assume that auto insurance companies want to prevent you from shopping around. Consumers who compare other rates will probably switch auto insurance companies because of the high probability of finding discount prices. Surprisingly, a recent survey revealed that people who made a habit of comparing rates saved on average $3,500 over four years compared to other drivers who never shopped around for better prices.

If finding the lowest price for Hyundai Elantra insurance is your ultimate target, then having a good understanding how to get free comparison quotes and analyze insurance premiums can help simplify the task of finding more affordable coverage.

It takes a little time, but the best way to get discount Hyundai Elantra insurance in Riverside is to regularly compare quotes from insurers who sell insurance in California. This can be done by following these steps.

The critical component of shopping around is that you’ll want to make sure you compare similar limits and deductibles on each price quote and and to get rate quotes from as many companies as feasibly possible. This enables a level playing field and the best price selection.

Analysis of coverages

The data table shown next outlines different insurance policy prices for Hyundai Elantra models. Learning how insurance premiums are figured can help you make smart choices when buying a car insurance policy.


Hyundai Elantra Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $368 $694 $508 $30 $152 $1,752 $146
Elantra Blue 4-Dr Sedan $368 $996 $596 $36 $178 $2,174 $181
Elantra GLS 4-Dr Sedan $422 $996 $596 $36 $178 $2,228 $186
Elantra SE 4-Dr Sedan $422 $996 $596 $36 $178 $2,228 $186
Elantra SE Touring Station Wagon $422 $844 $508 $30 $152 $1,956 $163
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Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Price estimates do not factor in zip code location which can change premium rates considerably.

Auto insurance deductibles

One common question asked by Riverside drivers is how high should your deductibles be. The following insurance rates can help illustrate the differences in price between high and low deductibles. The first rate table uses a $250 deductible for physical damage and the second rate chart uses a $1,000 deductible.


Hyundai Elantra insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $298 $472 $376 $22 $112 $1,305 $109
Elantra Blue 4-Dr Sedan $298 $678 $442 $26 $132 $1,601 $133
Elantra GLS 4-Dr Sedan $342 $678 $442 $26 $132 $1,645 $137
Elantra SE 4-Dr Sedan $342 $678 $442 $26 $132 $1,645 $137
Elantra SE Touring Station Wagon $342 $576 $376 $22 $112 $1,453 $121
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Hyundai Elantra insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $184 $298 $376 $22 $112 $992 $83
Elantra Blue 4-Dr Sedan $184 $426 $442 $26 $132 $1,210 $101
Elantra GLS 4-Dr Sedan $210 $426 $442 $26 $132 $1,236 $103
Elantra SE 4-Dr Sedan $210 $426 $442 $26 $132 $1,236 $103
Elantra SE Touring Station Wagon $210 $362 $376 $22 $112 $1,082 $90
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Price information does not factor in vehicle garaging location which can influence prices significantly.

Using the data above, we can ascertain that using a $250 deductible costs about $31 more each month or $372 annually than opting for the higher $1,000 deductible. Since you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at a minimum 24 months between claim filings, you would save more money by selecting a higher deductible.

How accidents and violations affect rates

The example below highlights how traffic violations and at-fault accidents influence Hyundai Elantra car insurance rates for each different age category. The premiums assume a single male driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

Difference between liability only and full coverage rates

The example below shows the difference between Hyundai Elantra insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no claims or violations, $100 deductibles, single marital status, and no discounts are factored in.

When to stop paying for full coverage

There is no definitive guideline for eliminating physical damage coverage, but there is a general convention. If the annual cost of having full coverage is more than 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let’s assume your Hyundai Elantra settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $4,000 after paying your deductible. If premium cost is more than $400 a year to have full coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where dropping physical damage coverage is not a good plan. If you still have a lienholder on your title, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not buy liability only.

Informed Consumers Can Lower Their Insurance Costs

Many factors are taken into consideration when you get your auto insurance bill. Most are fairly basic such as your driving history, but some are less obvious such as your credit history or how safe your car is. A large part of saving on car insurance is knowing the rating factors that aid in calculating car insurance rates. When you understand what positively or negatively impacts your premiums, this allows you to make good choices that can help you get better car insurance rates.

Proper usage rating affects costs – The higher the miles on your Hyundai every year the more you’ll pay to insure it. Most insurance companies calculate rates based upon how you use the vehicle. Cars not used for work or commuting receive lower rates than vehicles that have high annual mileage. Improper usage on your Elantra may be wasting your money. Ask your agent if your policy shows how each vehicle is driven.

Safer cars means cheaper insurance – Cars with five star safety ratings get lower rates. Safe vehicles reduce occupant injuries and any reduction in injury severity means your insurance company pays less and thus lower rates.

Credit rating impacts rates – Credit history can be an important factor in determining what you pay. People that have high credit scores tend to be more responsible and file fewer claims than those with lower ratings. If your credit history can use some improvement, you may save money insuring your Hyundai Elantra by spending a little time repairing your credit.

Raise your coverage deductibles for better costs – Coverage for physical damage, aka comp and collision, protects your Hyundai from damage. Examples of some claims that would be covered are a broken side mirror, damage caused by hail, and burglary. The deductibles you choose are the amount of money you are willing to pay out-of-pocket if a claim is determined to be covered. The more you choose to pay out-of-pocket, the lower your rates will be.

Never let your car insurance expire – Going without insurance is a fast way to increase your renewal premiums. Not only will you pay more, not being able to provide proof of insurance may earn you fines or a revoked license. You may then be required to prove you have insurance by filing a SR-22 with the California department of motor vehicles.

Remove unneeded extra policy coverages – There are a lot of optional add-on coverages you can purchase on your Elantra policy. Coverages for coverage for rental cars, high-cost glass coverage, and extra life insurance coverage may be wasting your money. The coverages may be enticing when deciding what coverages you need, but if they’re wasting money eliminate them to save money.

Insurance losses for a Hyundai Elantra – Companies use past loss statistics for each vehicle in order to profitably underwrite each model. Models that the statistics show to have higher loss trends will cost more to insure. The table below outlines the actual insurance loss data for Hyundai Elantra vehicles.

For each insurance policy coverage type, the claim probability for all vehicles combined as an average is equal to 100. Values below 100 represent a good loss history, while percentages above 100 indicate a higher chance of having a claim or an increased chance of a larger loss.


Hyundai Elantra Insurance Loss Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Hyundai Elantra 102 102 90 133 137 117
Hyundai Elantra GT 95 91 95 112 114 107
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

Don’t give up on cheaper premiums

In this article, we presented many tips how you can lower your Hyundai Elantra insurance rates in Riverside. The key thing to remember is the more you quote Riverside auto insurance, the better likelihood of getting affordable Hyundai Elantra insurance quotes. Consumers may even find the lowest rates are with a small local company. They can often insure niche markets at a lower cost as compared to the big name companies such as GEICO and State Farm.

A few companies may not provide online rate quotes and many times these smaller providers work with independent agents. Budget-conscious Hyundai Elantra insurance is possible both online and with local Riverside insurance agents, and you should compare rates from both to get a complete price analysis.

As you go through the steps to switch your coverage, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many cases where an accident victim reduced liability limits or collision coverage only to regret at claim time that it was a big mistake. Your goal is to purchase a proper amount of coverage at the best possible price, but don’t skip important coverages to save money.

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