How Much Does 1994 Hyundai Elantra Insurance Cost?

Trying to find better auto insurance rates for your Hyundai Elantra? Searching for better insurance prices for your Hyundai Elantra can turn out to be an all-consuming task, but you can follow our auto insurance buying tips to save time. There is a right way and a wrong way to shop for auto insurance so we’re going to tell you the best way to get price quotes for your Hyundai and find the best price possible.

Consumers should take time to take a look at other company’s rates quite often because insurance rates are rarely the same from one policy term to another. If you had the lowest price for Elantra coverage six months ago the chances are good that you can find a lower rate today. So just block out anything you think you know about auto insurance because I’m going to teach you one of the quickest ways to remove unneeded coverages and save money.

Which Insurance is Cheapest?

Reducing your 1994 Hyundai Elantra insurance rates is actually quite simple. Drivers just need to take time comparing rate quotes online from several insurance companies. This is very easy and can be done in just a few minutes using one of these methods.

The single most time-saving way to find low rates is to use a rate comparison form (click to open form in new window). This form keeps you from doing repetitive form entry for each company you want a rate for. In just a few minutes this one form will return price quotes from multiple companies. Recommended for those who want to invest the least amount of time.

Another way to analyze rates is to manually visit the website for every company you want to comare and complete a new quote form. For sake of this example, we’ll pretend you want to compare rates from Nationwide, Farmers and GMAC. You would have to take the time to go to each site to input your insurance information, and that’s why the first method is more popular.

For a list of links to companies insuring cars in your area, click here.

Which method you use is up to you, but ensure you are comparing the exact same coverage limits with every price quote. If you compare different limits and deductibles on each one you will not be able to find the best deal for your Hyundai Elantra.

Take advantage of discounts

Car insurance companies don’t always advertise all their discounts very well, so we break down some of the best known and the more hidden discounts you could be receiving. If you don’t get every credit you deserve, you are paying more than you should be.

  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems are safer to drive and will save you 10% or more.
  • Military Discounts – Being on active duty in the military could be rewarded with lower premiums.
  • Driver Safety – Successfully completing a course in driver safety could save 5% or more if your company offers it.
  • Theft Prevention System – Anti-theft and alarm systems can help prevent theft and therefore earn up to a 10% discount.
  • No Accidents – Good drivers with no accidents can save substantially when compared to drivers who are more careless.
  • Resident Student – Youth drivers who live away from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • Employee of Federal Government – Active or retired federal employment may qualify you for a discount for Elantra coverage with select insurance companies.
  • Multiple Vehicles – Insuring multiple vehicles on the same insurance policy can get a discount on all vehicles.
  • Payment Method – If you pay your entire premium ahead of time instead of making monthly payments you can actually save on your bill.
  • Good Student Discount – This discount can be rewarded with saving of up to 25%. This discount can apply up until you turn 25.

Keep in mind that most discount credits are not given to all coverage premiums. Some only apply to specific coverage prices like medical payments or collision. So even though they make it sound like it’s possible to get free car insurance, you’re out of luck.

For a list of providers offering insurance discounts, click here to view.

How to know if you need help

When buying the right insurance coverage, there really is not a single plan that fits everyone. Every insured’s situation is different.

For instance, these questions can aid in determining if your situation might need professional guidance.

  • What is roadside assistance coverage?
  • Is my babysitter covered when using my vehicle?
  • Should I drop comprehensive coverage on older vehicles?
  • Are my friends covered when driving my car?
  • Is motorclub coverage worth it?
  • Am I covered if my car is in a flood?
  • Does my insurance cover my expensive audio equipment?
  • How much underlying liability do I need for an umbrella policy?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, simply complete this short form. It’s fast, doesn’t cost anything and may give you better protection.

Hyundai Elantra insurance premiums are calculated by many factors

An important part of buying insurance is that you know the rating factors that go into determining the price you pay for insurance. Having a good understanding of what influences your rates empowers consumers to make smart changes that can help you get much lower annual insurance costs.

  • High deductibles save money – Deductibles for physical damage define the amount you are required to spend out-of-pocket in the event of a claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. A few examples of covered claims could be running into the backend of another car, vandalism, and burglary. The more expense you have to pay, the bigger discount you will receive for Elantra coverage.
  • Your location affects your rates – Choosing to live in less populated areas is a positive aspect when insuring your vehicles. Drivers in populated areas tend to have more traffic problems and a longer drive to work. Less people living in that area means a lower chance of having an accident as well as less vandalism and auto theft.
  • Do you work long hours in a high stress job? – Occupations like doctors, social workers and dentists are shown to have the highest average rates in part from high stress and lots of time spent at work. Other occupations like farmers, historians and the unemployed pay the least for Elantra coverage.
  • High crash test scores lower rates – Safer cars can get you lower premiums. The safest vehicles result in less severe injuries and lower injury rates means less money paid by your insurance company and thus lower rates. If the Hyundai Elantra is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.

Switch companies and save? Really?

Consumers can’t ignore all the ads that promise big savings from the likes of Progressive, Allstate and Geico. They all seem to make the same claim about savings if you move your coverage to them.

How do they all make almost identical claims?

All companies have a preferred profile for the right customer that earns them a profit. For example, a preferred risk might be between 25 and 40, has no driving citations, and drives less than 7,500 miles a year. A customer getting a price quote who matches those parameters will get the preferred rates and most likely will pay quite a bit less when switching companies.

Consumers who fall outside the requirements will be charged more money which leads to the driver buying from a lower-cost company. The ads say “drivers who switch” not “everyone that quotes” save that much money. That is how insurance companies can state the savings. That is why you absolutely need to get a wide range of price quotes. It’s just too difficult to predict which auto insurance company will provide you with the cheapest Hyundai Elantra insurance rates.

Car insurance coverage breakdown

Having a good grasp of a car insurance policy aids in choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Comprehensive (Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like fire damage, a broken windshield and rock chips in glass. The highest amount your car insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Hyundai Elantra.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Collision coverage protection

Collision insurance covers damage to your Elantra resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims such as damaging your car on a curb, colliding with another moving vehicle, sustaining damage from a pot hole and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to increase the deductible to bring the cost down.

Liability auto insurance

Liability insurance protects you from injuries or damage you cause to other people or property. This insurance protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 50/100/50 that means you have $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage pays for claims such as bail bonds, loss of income, medical services and court costs. How much coverage you buy is your choice, but you should buy as much as you can afford.

Medical expense insurance

Coverage for medical payments and/or PIP kick in for immediate expenses for hospital visits, X-ray expenses, chiropractic care, nursing services and EMT expenses. The coverages can be utilized in addition to your health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Spend less. Save more.

In this article, we presented a lot of tips how to get a better price on 1994 Hyundai Elantra insurance. The key concept to understand is the more providers you compare, the better chance you’ll have of finding lower rates. You may even discover the biggest savings come from an unexpected company.

The cheapest insurance is attainable on the web and also from your neighborhood agents, and you need to price shop both to have the best rate selection. Some insurance companies may not provide online price quotes and most of the time these regional insurance providers sell through independent agents.

People switch companies for any number of reasons including an unsatisfactory settlement offer, delays in responding to claim requests, questionable increases in premium or even extreme rates for teen drivers. It doesn’t matter why you want to switch choosing a new company is pretty simple and you could end up saving a buck or two.

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