The recommended way to find more affordable Hyundai Elantra insurance is to compare prices once a year from different companies who sell auto insurance in Cleveland.
- Take a little time to learn about how insurance works and the measures you can take to prevent expensive coverage. Many things that increase rates like high-risk driving behaviors and an unacceptable credit score can be eliminated by paying attention to minor details.
- Compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from one company like GEICO and State Farm, while independent agents can provide prices for many different companies.
- Compare the new rate quotes to your current policy premium to see if a cheaper rate is available. If you find a better price and change companies, ensure there is no coverage lapse between policies.
- Give proper notification to your current agent or company to cancel your current auto insurance policy. Submit a signed application and payment to the newly selected company. As soon as you can, keep the new proof of insurance certificate in your vehicle.
A tip to remember is that you use the same liability limits and deductibles on each quote request and and to analyze as many different insurance providers as possible. Doing this guarantees a fair price comparison and a complete price analysis.
It goes without saying that car insurance companies want to keep you from shopping around. Insureds who get comparison quotes once a year are very likely to switch to a new company because they have a good chance of finding discount prices. A recent study showed that drivers who regularly compared price quotes saved over $860 a year compared to policyholders who never compared prices.
If saving the most money on insurance is your ultimate target, then having an understanding of the best way to shop and compare coverages can help make the process easier and more efficient.
If you have coverage now, you stand a good chance to be able to buy cheaper insurance using the ideas presented in this article. Locating the best rates in Cleveland is actually quite simple. Nevertheless, Ohio consumers must comprehend how companies determine what you pay and use this information to your advantage.
Get Cheap Insurance Rates by Understanding These Factors
An important part of buying insurance is that you know the factors that help calculate your premiums. When consumers understand what determines premiums, this allows you to make good choices that can earn you much lower annual insurance costs. Multiple criteria are part of the calculation when premium rates are determined. Some are obvious like an MVR report, but others are less apparent such as whether you are married or your financial responsibility.
The following are most of the major factors companies use to determine your prices.
City traffic equals higher prices – Having an address in areas with lower population can save you money when talking about insurance. Drivers in populated areas tend to have more traffic problems and higher rates of accident claims. Less people living in that area translates into fewer accident claims in addition to lower liability claims.
Do you qualify for a multi-policy discount? – Most insurance companies allow a discount for people who consolidate policies with them such as combining an auto and homeowners policy. Even with this discount, you may still want to compare Hyundai Elantra rates in Cleveland to help guarantee you have the best rates. Consumers may save more without the discount by buying from different companies
Where do you drive? – The higher the miles on your Hyundai in a year’s time the more you’ll pay to insure it. A lot of insurance companies apply a rate partially by how you use the vehicle. Cars that do not get driven very much qualify for better rates compared to those used for work or business. Double check that your insurance policy shows annual mileage. A policy that improperly rates your Elantra may be costing you.
Is your car built for speed? – The make and model of the car you need insurance for makes a substantial difference in your auto insurance rates. The cheapest insurance rates tend to be for smaller low performance passenger models, but that’s not the only thing that factors into the final price.
The next chart assumes a married male driver age 30, full coverage with $100 deductibles, and no discounts or violations. The data compares Hyundai Elantra policy rates compared to other models that have a range of performance rating factors.
Does your vocation cost you more? – Do you have a high-stress occupation? Careers such as fire fighters, police officers, and financial analysts are shown to have the highest average rates due to job stress and lots of time spent at work. On the flip side, occupations like farmers, historians and retirees generally pay rates lower than average.
Amount of liability protection – A critical coverage on your policy, liability insurance is the protection if you are determined to be liable for damages from an accident. Liability insurance provides you with a defense in court to defend your case. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.
Insurance loss data for a Hyundai Elantra – Insurers take into consideration historical loss data for every vehicle to determine a price that will be profitable for them. Vehicles that the data determines to have a trend towards higher claims will have higher rates for specific coverages.
The table shown below demonstrates the historical loss data for Hyundai Elantra vehicles. For each insurance policy coverage type, the claim amount for all vehicles, as an average, is a value of 100. Numbers that are below 100 suggest losses that are better than average, while values over 100 point to more losses or tendency to have higher losses.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Hyundai Elantra GT||95||91||95||112||114||107|
Statistics from IIHS.org for 2013-2015 Model Years
Auto insurance analysis for a Hyundai Elantra
The rate information displayed next showcases detailed analysis of policy rates for Hyundai Elantra models. Having a better understanding of how insurance policy rates are figured can help drivers make smart choices when choosing a car insurance company.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$146||$298||$218||$12||$66||$740||$62|
|Elantra Blue 4-Dr Sedan||$146||$428||$256||$16||$76||$922||$77|
|Elantra GLS 4-Dr Sedan||$168||$428||$256||$16||$76||$944||$79|
|Elantra SE 4-Dr Sedan||$168||$428||$256||$16||$76||$944||$79|
|Elantra SE Touring Station Wagon||$168||$364||$218||$12||$66||$828||$69|
|Get Your Own Custom Quote Go|
Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Table data does not factor in specific location information which can revise auto insurance rates significantly.
Driving violations and accidents
The diagram below shows how traffic citations and at-fault fender-benders drive up Hyundai Elantra insurance rates for each different age category. The premiums are based on a married male driver, full coverage, $100 deductibles, and no policy discounts are applied.
Impact of age and gender on auto insurance rates
The example below shows the comparison of Hyundai Elantra insurance costs for male and female drivers. The rate quotes are based on no accidents or driving violations, full physical damage coverage, $1,000 deductibles, single marital status, and no discounts are applied.
Determine discounts on Cleveland insurance
Companies do not advertise every available discount very well, so we break down a few of the more common as well as the least known discounts that you may qualify for.
- Student Discounts – Being a good student can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
- Discount for Multiple Policies – If you can bundle your home and auto insurance with one company you could earn a discount of 10% to 20% off each policy.
- Military Rewards – Being deployed in the military could trigger a small discount.
- Pay Now and Pay Less – By paying your policy upfront rather than paying monthly you may reduce your total bill.
- Driver Safety – Successfully completing a defensive driving course may get you a small discount and easily recoup the cost of the course.
Just know that most discount credits are not given to the overall cost of the policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like you could get a free insurance policy, companies don’t profit that way. But all discounts should help lower the cost of your policy.
The illustration below compares Hyundai Elantra insurance prices with and without discounts. The premium estimates are based on a female driver, no driving violations, no at-fault accidents, Ohio state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, marriage, claim-free, homeowner, and safe-driver discounts applied.
Car insurance companies who may offer these discounts include:
If you need cheaper Cleveland auto insurance quotes, ask each company to apply every possible discount. Some credits might not be available to policyholders everywhere. If you would like to see a list of providers who offer free Hyundai Elantra insurance quotes in Ohio, follow this link.
Auto insurance company ratings
Buying coverage from the right insurance provider is hard considering how many different companies sell coverage in Cleveland. The ranking data below can help you pick which car insurance providers you want to consider purchasing coverage from.
Top 10 Cleveland Car Insurance Companies Ranked by Claims Service
- Liberty Mutual
- AAA Insurance
- Safeco Insurance
- Mercury Insurance
A little work can save a LOT of money
When shopping online for auto insurance, don’t be tempted to buy poor coverage just to save money. There have been many cases where consumers will sacrifice liability limits or collision coverage only to regret at claim time that they should have had better coverage. Your aim should be to purchase plenty of coverage at the best price, but don’t skip important coverages to save money.
In this article, we presented a lot of techniques to lower your Hyundai Elantra insurance premium rates in Cleveland. The most important thing to understand is the more times you quote, the better chance you’ll have of finding affordable Cleveland auto insurance quotes. You may even be surprised to find that the lowest priced auto insurance comes from a smaller regional carrier. They may only write in your state and offer lower prices than the large multi-state companies such as State Farm, GEICO and Nationwide.
Additional detailed information can be found in the articles below:
- Choosing an Insurance Company (Insurance Information Institute)
- What Insurance is Cheapest for Nurses in Cleveland? (FAQ)
- Who Has the Cheapest Cleveland Car Insurance for a GMC Acadia? (FAQ)
- Who Has Affordable Cleveland Auto Insurance Rates for Teenage Males? (FAQ)
- Cellphones, Texting and Driving (iihs.org)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Keeping Children Safe in Crashes Video (iihs.org)