Compare 2014 Hyundai Elantra GT Insurance Quotes

Did you fall for a flashy sales pitch and buy an overpriced insurance policy? Trust us, there are a lot of people just like you who feel imprisoned by their insurance policy. Drivers have so many car insurance companies to purchase coverage from, and although it’s nice to have multiple companies, so many choices can make it hard to find the lowest rates.

You should make it a habit to get comparison quotes before your policy renews because insurance rates trend upward over time. Even if you got the best price for Elantra GT coverage six months ago you will most likely find a better rate today. There is a lot of bad advice regarding insurance on the web, but I’m going to show you the best ways to slash your insurance rates.

This information will help educate you on how car insurance quotes work and some tricks to saving. If you currently have a car insurance policy, you should be able to lower your premiums substantially using this strategy. Drivers just need to understand the tricks to get comparison quotes over the internet.

What determines your Hyundai Elantra GT insurance premium

An important part of buying insurance is that you know some of the elements that play a part in calculating the price you pay for auto insurance. Understanding what controls the rates you pay enables informed choices that can help you get lower auto insurance prices.

Shown below are a partial list of the pieces auto insurance companies consider when setting your rates.

  • Low deductibles can be expensive – The deductibles define the amount you are willing to pay out-of-pocket if you file a covered claim. Physical damage insurance, termed comprehensive and collision coverage on your policy, protects your car from damage. A few examples of covered claims would be running into the backend of another car, damage from fire, or theft. The more you have to pay, the less your company will charge you for insurance for Elantra GT coverage.
  • Your job and insurance rates – Did you know your auto insurance rates can be affected by your occupation? Occupations like lawyers, business owners and accountants tend to have higher rates than average in part from stressful work requirements and long work days. On the flip side, occupations such as pilots, athletes and performers receive lower rates for Elantra GT coverage.
  • Frequent auto insurance claims increase rates – If you tend to file frequent claims, you can expect either a policy non-renewal or much higher rates. Car insurance companies provide discounts to insureds who do not rely on their insurance for small claims. Auto insurance is intended for the bigger claims that can’t be paid out-of-pocket.
  • Always keep insurance in force – Driving with no insurance is a misdemeanor and you will pay a penalty because you let your coverage lapse. And not only will your rates increase, but not being able to provide proof of insurance can result in a steep fine or even jail time.
  • Do men or women drive better? – Statistics demonstrate women are more cautious behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. They both cause accidents in similar percentages, but the male of the species cause more damage. Men also tend to have more aggressive citations such as DWI and reckless driving. Youthful male drivers are the most expensive to insure and are penalized with high auto insurance rates.
  • More than one policy can earn a discount – Many companies provide better rates to insureds who carry more than one policy in the form of a multi-policy discount. If you currently are using one company, it’s still a good idea to compare other company rates to confirm you are receiving the best rates possible.

How to reduce 2014 Hyundai Elantra GT insurance rates

The price of auto insurance can be rather high, but you may find discounts that many people don’t even know exist. Some discounts apply automatically when you get a quote, but some may not be applied and must be specially asked for prior to receiving the credit. If they aren’t giving you every credit possible, you are paying more than you should be.

  • Safety Course Discount – Completing a course teaching defensive driving skills can save you 5% or more and easily recoup the cost of the course.
  • Pay Upfront and Save – If paying your policy premium upfront instead of paying each month you could save up to 5%.
  • Fewer Miles Equal More Savings – Driving fewer miles can qualify you for a substantially lower rate.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles can avoid accidents and earn discounts up to 10%.
  • E-sign – A handful of insurance companies will give a small break for buying your policy online.
  • Driver’s Ed – Require your teen driver to successfully complete driver’s ed class if it’s offered in school.

It’s important to understand that some credits don’t apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as comprehensive or collision. So when the math indicates adding up those discounts means a free policy, companies don’t profit that way. Any qualifying discounts will bring down your overall premium however.

Insurance companies that may offer these benefits include:

Double check with all companies you are considering how you can save money. Savings may not apply in your state.

Auto insurance myths debunked

Consumers can’t get away from ads for the lowest price auto insurance by Progressive, Allstate and Geico. They all make the same claim that you can save if you change to their company.

How does each company claim to save you money?

All the different companies have a preferred profile for the type of customer that is profitable for them. For instance, a profitable customer could be between the ages of 30 and 50, has no prior claims, and has a short commute. A driver who meets those qualifications is entitled to the best price and most likely will save a lot of money.

Consumers who are not a match for the “perfect” profile will be charged higher prices which usually ends up with the driver buying from a lower-cost company. The ads state “people who switch” not “everybody who quotes” save that much. That is how companies can claim big savings.

That is why it’s extremely important to get quotes from several different companies. It’s impossible to know which insurance companies will fit your personal profile best.

Tailor your coverage to you

When choosing proper insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions can aid in determining if you might need professional guidance.

  • Do I have coverage when making deliveries for my home business?
  • Is business property covered if stolen from my car?
  • Does insurance cover tools stolen from my truck?
  • How can I find cheaper teen driver insurance?
  • Should I buy only the required minimum liability coverage?
  • What is PIP insurance?

If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, free and may give you better protection.

Parts of your insurance policy

Knowing the specifics of your policy 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 nobody wants to actually read their policy. Below you’ll find typical coverages offered by insurance companies.

Comprehensive auto coverage

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims like a broken windshield, damage from getting keyed and fire damage. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like X-ray expenses, chiropractic care, surgery, ambulance fees and dental work. They can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is not universally available and may carry a deductible

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your 2014 Hyundai Elantra GT.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Normally these limits are similar to your liability insurance amounts.

Auto collision coverage

This will pay to fix damage to your Elantra GT resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims such as sustaining damage from a pot hole, backing into a parked car and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to get cheaper collision coverage.

Coverage for liability

Liability insurance will cover damages or injuries you inflict on a person or their property by causing an accident. It protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Alternatively, you may have one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability can pay for things such as legal defense fees, funeral expenses and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as high a limit as you can afford.

Summing up your insurance search

We just covered a lot of tips how to save on 2014 Hyundai Elantra GT insurance. The key thing to remember is the more you quote, the higher your chance of finding lower rates. You may even find the best prices are with an unexpected company. They often have lower prices on specific markets than the large multi-state companies such as State Farm and Allstate.

As you go through the steps to switch your coverage, it’s a bad idea to skimp on critical coverages to save a buck or two. In many cases, consumers will sacrifice physical damage coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal should be to purchase a proper amount of coverage at an affordable rate.

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