2022 Hyundai Elantra Car Insurance Cost in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 13, 2024

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Trying to find the cheapest insurance rates for your Hyundai Elantra? Are you burned out from not being able to afford to keep your car insured? You’re in the same situation as most other consumers. With consumers having so many insurance companies to choose from, it can be challenging to find the cheapest insurer.

This article will familiarize you with how to get online quotes and some money-saving tips. If you currently have car insurance, you will most likely be able to reduce your rates substantially using these tips. Drivers just need to learn the most efficient way to compare prices online.

Eight things that determine your insurance premiums

Part of the insurance coverage buying process is learning the different types of things that help calculate the level of your policy premiums. When you know what positively or negatively determines base rates, this enables you to make decisions that will entitle you to big savings.

  • Urban areas may pay more – Having an address in a small town has definite advantages when trying to find low car insurance rates. Less people corresponds to lower accident rates as well as less vandalism and auto theft. Urban drivers have more auto accidents and a longer drive to work. Spending more time driving means more chances of being involved in an auto accident.
  • Low mileage costs less – The more miles you rack up on your Hyundai each year the more you’ll pay to insure your vehicle. A lot of insurance companies charge to insure your cars based upon how the vehicle is primarily used. Autos used primarily for pleasure use qualify for better rates than cars that get driven a lot. It’s a good idea to make sure your vehicle rating shows the proper vehicle usage. An incorrectly rated Elantra is just wasting money.
  • High credit scores equal low prices – Your credit history factor in determining what you pay for insurance coverage. So if your credit score can use some improvement, you could potentially save money when insuring your 2022 Hyundai Elantra by improving your rating. People with high credit ratings tend to be better risks to insure as compared to drivers with poor credit scores.
  • Your gender affects prices – Statistics show females are less aggressive when driving. However, this does not mean females are better at driving than males. Both sexes have fender benders in similar percentages, but males tend to have higher claims. They also get higher numbers of serious violations like DUI and reckless driving.
  • Getting married equates to better prices – Walking down the aisle helps lower the price on your policy. Marriage may mean you are more responsible and it’s proven that married couples file fewer claims.
  • Low physical damage deductibles mean high prices – Comp and collision deductibles define the amount you are required to spend if a claim is determined to be covered. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Examples of covered claims would be a windshield broken by a bird, vandalism, and having a roll-over accident. The more money you have to pay, the less your company will charge you for insurance on Elantra coverage.
  • No insurance coverage policy gaps is important – Having a gap between insurance policy dates can be a fast way to increase your insurance coverage rates. In addition to paying higher rates, failure to provide proof of insurance may earn you a license revocation or jail time. You could then be forced to prove you have insurance by filing a SR-22 with your state DMV.
  • Bundle policies to earn discounts – Some insurance coverage companies will give a discount to policyholders who consolidate policies with them. It’s known as a multi-policy discount. The amount of the discounts can be 10 percent or more. Even though this discount sounds good, drivers will still want to shop around to confirm you are receiving the best rates possible.

Which auto insurance is cheapest?

There are multiple methods you can shop for auto insurance but one way is more efficient than others. You can waste a lot of time talking about coverages with agents in your area, or you could save time and use online quoting to get rates in a matter of minutes.

Many companies belong to an insurance system that enables customers to enter their policy data once, and each company can give them a price. This system prevents you from having to do quotation requests to every company.

To participate in this free quote system, enter your zip code here.

The only downside to getting quotes like this is you don’t know exactly which providers to receive prices from. So if you want to choose individual companies to request quotes from, we put together a list of companies who write auto insurance in your area. Click to enter zip code for insurance companies.

It doesn’t matter which method you choose, just try to keep nearly identical coverage limits and deductibles for each quote you get. If you have different coverage information it will be nearly impossible to truly determine the lowest rate.

Beware of misleading insurance ads

Consumers get pounded daily by advertisements that claim the cheapest premium rates from companies such as State Farm and Allstate. All the companies convey the message about how much you will save just by moving to them.

Is it even possible that every company can claim to save you money? It’s all in the numbers.

Most companies give the best rates for the type of customer that earns them the highest profit. An example of a desirable insured may need to be a mature driver, has a clear driving record, and has excellent credit. Someone that fits those parameters will qualify for the lowest prices and will also cut their rates if they switch.

Insureds who don’t measure up to these standards will probably have to pay higher rates which translates to the customer buying from a different company. The trick is to say “customers who switch” not “everyone that quotes” can save as much as they claim. That’s the way companies can advertise the way they do.

Because of this risk profiling, drivers should do a quote comparison often. It’s just too difficult to predict which insurance companies will be your best fit.

Save money with discounts

Car insurance is neither fun to buy or cheap, but you may be missing some discounts that can dramatically reduce your bill. Most are applied when you get a quote, but some need to be inquired about prior to getting the savings.

  • Telematics Data – Insureds that choose to allow driving data collection to scrutinize where and when they drive by using a telematics device such as Drivewise from Allstate or Snapshot from Progressive might see lower rates if they are good drivers.
  • Discounts for Multiple Vehicles – Buying a policy with primary and secondary vehicles with one company could earn a price break for each car.
  • Air Bags and Passive Restraints – Vehicles equipped with air bags or motorized seat belts may get savings up to 30%.
  • Drivers Ed for Students – Require your teen driver to take driver’s ed class if offered at their school.
  • Discount for Multiple Policies – If you can combine your homeowners and auto policy and insure them with the same company you could get a discount of over 10 percent off each policy depending on the company.
  • Senior Citizens – Older drivers can possibly qualify for a small decrease in premiums on Elantra coverage.
  • Resident Student – Children who attend college more than 100 miles from home and leave their car at home can be insured at a reduced rate.

You can save money using discounts, but most discounts do not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. So when the math indicates all the discounts add up to a free policy, nobody gets a free ride.

Some of the larger companies that have some of the discounts shown above possibly include:

  • State Farm
  • Liberty Mutual
  • The Hartford
  • MetLife
  • Progressive

Before buying, ask every insurance company which discounts can lower your rates. Discounts may not be offered in every state. If you would like to view insurance companies that offer some of these discounts, enter your zip code here.

What is the best car insurance coverage?

When choosing coverage, there is no “best” method to buy coverage. Everyone’s situation is unique so this has to be addressed. For instance, these questions can help discover whether your personal situation might need an agent’s assistance.

  • Is my teenager covered with friends in the car?
  • Am I missing any policy discounts?
  • Is my trailer covered?
  • Does my policy cover me when driving someone else’s vehicle?
  • Is there coverage for injuries to my pets?
  • Am I covered when delivering products for my home-based business?
  • Do I need Motor Club coverage?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Do I really need UM/UIM coverage?
  • Am I covered when driving a rental car?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed agent. If you want to speak to an agent in your area, simply complete your zip code. It is quick, free and can provide invaluable advice.

Car insurance coverage information

Learning about specific coverages of insurance can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. These are the normal coverages found on the average insurance policy.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Hyundai Elantra.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.

Collision coverage – This will pay to fix damage to your Elantra from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as sideswiping another vehicle, damaging your car on a curb and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Liability coverages – This coverage can cover damage or injury you incur to other people or property. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged property. Another option is a combined limit which provides one coverage limit without having the split limit caps.

Liability coverage pays for claims such as funeral expenses, bail bonds, medical services and court costs. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance reimburse you for expenses for surgery, ambulance fees, dental work and funeral costs. The coverages can be used to fill the gap from your health insurance program or if you do not have health coverage. Coverage applies to you and your occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Comprehensive insurance – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hitting a bird, a tree branch falling on your vehicle and damage from getting keyed. The maximum payout a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

A fool and his money are soon parted

As you go through the steps to switch your coverage, it’s very important that you do not skimp on coverage in order to save money. There have been many situations where someone dropped collision coverage only to regret at claim time that they should have had better coverage. Your objective should be to buy enough coverage at the best possible price.

We’ve covered some good ideas how you can compare 2022 Hyundai Elantra insurance rates online. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may be surprised to find that the most savings is with a small local company. These companies may have significantly lower auto insurance rates on certain market segments than their larger competitors like State Farm and Allstate.

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