How Much Does 1997 Hyundai Elantra Car Insurance Cost?

Looking for cheaper car insurance rates for your Hyundai Elantra? Insurance shopping is not really something consumers appreciate, but like it or not it is mandatory before you can legally be on the road.

Some factors that can determine what Hyundai Elantra insurance costs

Smart consumers have a good feel for some of the elements that come into play when calculating your auto insurance rates. Understanding what impacts premium levels empowers consumers to make smart changes that can help you get much lower annual insurance costs.

The list below includes a few of the “ingredients” used by your company to calculate your rates.

  • Better credit means lower rates – Your credit rating is a big factor in determining what you pay for auto insurance. Drivers with good credit tend to file fewer claims and have better driving records as compared to drivers with lower credit scores. If your credit rating can use some improvement, you could be paying less to insure your 1997 Hyundai Elantra by spending a little time repairing your credit.
  • Males pay more for insurance – Statistics have proven women are more cautious behind the wheel. Now that doesn’t mean women are BETTER drivers than men. Both sexes tend to get into accidents at a similar rate, but men tend to have more serious accidents. Men also get more serious tickets like reckless driving and DUI.
  • Increase deductibles and save – Deductibles for physical damage represent how much money you are willing to pay out-of-pocket before your auto insurance pays a claim. Physical damage coverage, also known as collision and other-than-collision, covers damage that occurs to your car. Some instances where coverage would apply are colliding with a building, damage from fire, and windstorm damage. The more money you are required to pay out-of-pocket, the lower your rates will be on Elantra coverage.
  • Traffic citations inflate rates – A bad driving record has a big impact on rates. Even one speeding ticket can increase rates forty percent or more. Good drivers have lower premiums than people who have multiple driving citations. If you have severe violations such as DWI, reckless driving or hit and run convictions may find they need to file a SR-22 with their state DMV in order to drive a vehicle legally.
  • Allowing your policy to lapse raises rates – Driving your car without having proper coverage is illegal and your next policy will cost more because you let your coverage have a gap. And not only will insurance be more expensive, failure to provide proof of insurance may earn you a steep fine or even jail time.
  • Younger drivers pay higher rates – Young drivers are known to be more careless when behind the wheel so they pay higher auto insurance rates. Older insureds are viewed as being more responsible, tend to file fewer claims and get fewer tickets.

The best way we recommend to compare car insurance company rates is to know the fact all the major auto insurance companies participate in a system to compare rate quotes. The one thing you need to do is provide information like if you are currently licensed, distance driven, how much school you completed, and the year, make and model of vehicles. That information is instantly sent to multiple top-rated companies and you should receive rate quotes instantly.

Are you falling for claims of savings?

Progressive, Allstate and Geico regularly use ads in print and on television. All the companies say the same thing that you can save if you move to them. How does each company make almost identical claims? It’s all in the numbers.

Insurance companies have a certain “appetite” for the type of customer that is profitable for them. For instance, a profitable customer might be over the age of 40, owns a home, and has a high credit rating. Any driver who matches those parameters receives the best rates and is almost guaranteed to pay quite a bit less when switching companies.

Consumers who are not a match for the “perfect” profile will be charged a higher premium which usually ends up with business going elsewhere. The ad wording is “people who switch” but not “drivers who get quotes” save that much money. That is how companies can truthfully make the claims of big savings. That is why it is so important to get quotes from several different companies. You cannot predict which insurance coverage company will fit your personal profile best.

Save on 1997 Hyundai Elantra insurance

Auto insurance companies don’t always list all available discounts very well, so here is a list some of the more common and also the lesser-known savings tricks you should be using.

  • Senior Discount – If you qualify as a senior citizen, you may receive reduced rates on Elantra coverage.
  • Auto/Home Discount – When you have multiple policies with the same company you could get a discount of up to 20% off your total premium.
  • Paperwork-free – Certain companies will discount your bill up to fifty bucks simply for signing on their website.
  • Good Student – Performing well in school can earn a discount of 20% or more. The good student discount can last well after school through age 25.
  • Safe Drivers – Safe drivers may receive a discount up to 45% less on Elantra coverage than drivers with accident claims.
  • Early Switch Discount – Some insurance companies reward drivers for switching policies before your current policy expires. It’s a savings of about 10%.
  • Life Insurance Discount – Some companies give better rates if you take out auto and life insurance together.
  • Homeowners Pay Less – Owning a home may earn you a small savings because maintaining a house demonstrates responsibility.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of paying each month you may reduce your total bill.

It’s important to understand that some credits don’t apply to the entire cost. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like all the discounts add up to a free policy, it just doesn’t work that way.

Car insurance companies that possibly offer these discounts are:

Check with each company what discounts are available to you. All car insurance discounts may not be available everywhere.

Tailor your coverage to you

When choosing proper insurance coverage for your personal vehicles, there is no perfect coverage plan. Every insured’s situation is different.

For example, these questions could help you determine whether your personal situation might need an agent’s assistance.

  • Do I have newly-aquired coverage?
  • Am I covered if my car is in a flood?
  • Can I rent a car in Mexico?
  • Is my ex-spouse still covered by my policy?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • How do I insure my teen driver?

If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, complete this form.

Detailed coverages of your car insurance policy

Knowing the specifics of a car insurance policy helps when choosing the right coverages and proper limits and deductibles. Car insurance terms can be confusing and even agents have difficulty translating policy wording.

Liability

This coverage will cover injuries or damage you cause to a person or their property in an accident. This coverage protects you from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against claims such as attorney fees, medical services and pain and suffering. How much liability should you purchase? That is your choice, but buy higher limits if possible.

Collision insurance

Collision insurance covers damage to your Elantra from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims such as crashing into a ditch, backing into a parked car, colliding with another moving vehicle and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.

Comprehensive coverage (or Other than Collision)

This covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, damage from a tornado or hurricane and hitting a bird. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Hyundai Elantra.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Insurance for medical payments

Med pay and PIP coverage provide coverage for immediate expenses such as chiropractic care, EMT expenses and surgery. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage

In conclusion

Drivers change insurance companies for any number of reasons including delays in responding to claim requests, not issuing a premium refund, policy cancellation or even an unsatisfactory settlement offer. Whatever your reason, choosing a new insurance company is not as difficult as it may seem.

Cost effective 1997 Hyundai Elantra insurance is attainable online in addition to many insurance agents, and you need to price shop both to have the best selection. Some insurance providers do not provide online quoting and most of the time these small insurance companies sell through independent agents.

In this article, we presented quite a bit of information on how to get a better price on insurance. The most important thing to understand is the more price quotes you have, the higher your chance of finding lower rates. You may even find the lowest premiums are with some of the smallest insurance companies.

Additional detailed information can be found in the articles below: