Cheapest Irvine Hyundai Elantra Insurance

Do you get exhausted from trying to scrape together enough money to buy auto insurance? You are in the same boat as many other people in California.

It’s a known fact that auto insurance companies want to keep you from comparing rates. Drivers who shop around annually are inclined to buy a different policy because of the high probability of finding more affordable rates. A study showed that consumers who shopped around every year saved $3,400 over four years as compared to drivers who never compared prices.

If finding the most affordable auto insurance in Irvine is the reason for your visit, then having a good understanding how to quote and compare insurance rates can make shopping around easier.

Big-name insurance companies like Allstate, Progressive and GEICO constantly blast consumers with advertising and it is difficult to see past the geckos and flying pigs and effectively compare rates to find the best deal.

It’s a good idea to compare rates occasionally due to the fact that insurance prices are usually higher with each renewal. Just because you had the lowest price on Hyundai Elantra insurance in Irvine at your last renewal a different company probably has better rates today. Forget anything you know (or think you know) about auto insurance because you’re about to find out the proper way to buy cheaper Hyundai Elantra insurance in Irvine.

Companies offering Hyundai Elantra insurance in California

The providers in the list below are our best choices to provide free quotes in Irvine, CA. To buy cheaper auto insurance in Irvine, we recommend you get prices from several of them to get the most affordable price.

Data for Hyundai Elantra insurance

The table below highlights detailed analysis of insurance prices for Hyundai Elantra models. Understanding how auto insurance premiums are calculated can help customers make decisions on which insurance to purchase.

Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Information does not factor in your specific Irvine location which can alter coverage prices noticeably.

Physical damage deductibles

The hardest decision when buying coverage is what deductibles to buy. The comparisons below sum up how much more rates are of buying low and high policy deductibles. The first rate quote example uses a $250 deductible and the second price grid uses a $500 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Price information does not factor in vehicle location which can decrease or increase premium rates considerably.

We can estimate from the data above that using a $250 deductible costs roughly $16 more each month or $192 every year than selecting the higher $500 deductible. Since you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you usually have at least 16 months between claim filings, you would come out ahead by selecting a higher deductible.

Age, gender, and Hyundai Elantra insurance

The diagram below shows the difference between Hyundai Elantra insurance premiums for male and female drivers. The information is based on no claims, a clean driving record, full physical damage coverage, $1,000 deductibles, single status, and no discounts are factored in.

Full coverage rates vs. liability-only

The chart below visualizes the comparison of Hyundai Elantra insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume no claims or driving violations, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

Guidelines for eliminating full coverage

There is no exact formula to stop paying for comp and collision coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let’s pretend your Hyundai Elantra replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $7,000 after you pay the deductible. If you are paying in excess of $700 annually for full coverage, then it could be time to drop full coverage.

There are some circumstances where dropping full coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Verify you’re getting every discount

Insurance is easily one of your largest bills, but you might be missing out on some discounts that many people don’t even know exist. Certain credits will be shown at the time of quoting, but a few must be asked about before being credited.

• Full Payment Discount – By making one initial payment rather than paying in monthly installments you may have a lower total premium amount.
• Claim-Free Discount – Insureds who avoid accidents and claims can earn big discounts as compared to insureds who have frequent claims or accidents.
• Driver Safety – Taking part in a driver safety class could possibly earn you a 5% discount and make you a better driver.
• Renewal Discounts – Select insurance companies give a discount for switching policies early. You can save around 10% with this discount.
• Auto/Home Discount – When you combine your home and auto insurance with the same company you will save nearly 15% which can help you find cheaper Elantra insurance.
• Military Rewards – Having a deployed family member may lower your insurance rates slightly.
• Fewer Miles Equal More Savings – Low mileage vehicles may enable drivers to earn lower premium rates on the low mileage vehicles.
• Discounts for Cautious Drivers – Accident-free drivers can pay as much as 50% less compared to accident prone drivers.
• Discount for Home Ownership – Being a homeowner may earn you a small savings because it means you have a higher level of financial diligence.

Discounts save money, but please remember that most discounts do not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way.

The chart below shows the difference between Hyundai Elantra yearly insurance costs with and without policy discounts. The premiums assume a male driver, no accidents, no driving violations, California state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, marriage, safe-driver, multi-car, and claim-free discounts applied.

Companies and their offered discounts can be read below.

• The Hartford has discounts for air bag, bundle, vehicle fuel type, anti-theft, and driver training.
• American Family may offer discounts for good student, air bags, defensive driver, bundled insurance, and mySafetyValet.
• Progressive offers premium reductions for multi-vehicle, homeowner, online quote discount, good student, online signing, continuous coverage, and multi-policy.
• Travelers includes discounts for save driver, multi-car, driver training, new car, and continuous insurance.
• Farmers Insurance may include discounts for multi-car, homeowner, early shopping, electronic funds transfer, business and professional, and distant student.
• USAA offers discounts including safe driver, multi-policy, driver training, good student, and new vehicle.
• Liberty Mutual discounts include safety features, hybrid vehicle, multi-car, multi-policy, new vehicle discount, good student, and newly married.

Before purchasing a policy, check with each insurance company which discounts you qualify for. Savings may not be available everywhere. If you would like to see a list of insurance companies who offer cheap Hyundai Elantra insurance quotes in California, click here to view.

Smart Choices Result in Lower Insurance Rates

Lots of things are considered when you quote your car insurance policy. A few of the factors are predictable like your driving record, but others are not as apparent such as your credit history and annual miles driven.

The items below are just a few of the factors companies use to determine your rate level.

• High premiums for teen drivers – Teen drivers in California are proven to be more careless when driving with friends so they pay higher auto insurance rates. Mature drivers are more responsible, tend to cause fewer accidents, and usually have better credit.

  The following data uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

• Annual miles is a factor – The higher the miles on your Hyundai annually the higher the price you pay to insure it. The majority of insurers calculate rates based on how the vehicle is used. Autos that sit idle most of the time receive better premium rates than those used for commuting. Double check that your policy states the correct usage. Having the wrong rating on your Elantra may be costing you.
• Rental and towing coverage may not be needed – Insurance policies have a lot of add-on coverages that may not really be needed if you aren’t diligent. Coverage for things like replacement cost coverage, high-cost glass coverage, and motor club memberships could be just wasting money. They may seem good when discussing your needs, but your money might be better spent on other coverage so think about removing them and cutting costs.
• Your occupation may affect prices – Did you know that where you work can have an impact on rates? Occupational choices like military generals, business owners, and dentists have higher average rates because of intense work requirements and long work days. Conversely, professions such as farmers, athletes and retirees pay the least.

• Loss statistics for a Hyundai Elantra – Car insurance companies include the past claim history for a vehicle when they file their rates in each state. Vehicles that historically have a trend towards higher claims will cost more for specific coverages.

  The table below illustrates the historical loss data for Hyundai Elantra vehicles. For each insurance policy coverage type, the loss probability for all vehicles compiled together is set at 100. Values that are below 100 suggest a positive loss record, while numbers that are greater than 100 indicate frequent claims or an increased likelihood of larger losses.

  
  

  Hyundai Elantra Insurance Claim Statistics

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Hyundai Elantra	102	102	90	133	137	117
  Hyundai Elantra GT	95	91	95	112	114	107

  BETTER

  AVERAGE

  WORSE

  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Will just any policy work for me?

When it comes to adequate coverage, there is no “perfect” insurance plan. Everyone’s situation is a little different.

These are some specific questions may help highlight whether your personal situation could use an agent’s help.

• What is the difference between personal and commercial auto insurance policies?
• What is the premium to book value ratio for dropping full coverage?
• Should I put collision coverage on all my vehicles?
• How much cheaper are high deductibles?
• Do I need medical payments coverage since I have good health insurance?
• What if I total my Hyundai Elantra and owe more than it’s worth?
• What are good deductibles for a Hyundai Elantra?
• When should I drop full coverage on my Hyundai Elantra?
• Exactly who is provided coverage by my policy?
• Will my insurance pay for OEM parts?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form.

You may want advice from an insurance agency

A lot of people still like to buy from a local agent and that can be a great decision The biggest benefit of comparing rates online is you may find cheaper prices and still have an agent to talk to. Putting coverage with small agencies is especially important in Irvine.

Upon completion of this quick form, the quote information is sent to agents in your area that give free quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to search for an agent due to the fact that quote results will go immediately to your email address. You can most likely find cheaper rates AND an agent nearby. In the event you want to quote rates from one company in particular, don’t hesitate to jump over to their website to submit a rate quote request.

When narrowing the list to find local Irvine agents, you must know there are a couple different types of agents and how they operate. Insurance agents in Irvine are classified as either exclusive or independent (non-exclusive).

Independent Insurance Agents (or Brokers)

Agents that elect to be independent are not required to write business for one company and that is an advantage because they can write policies through many different insurance companies and find you the best rates. To transfer your coverage to a different company, your policy is moved internally without you having to go to a different agency.

When shopping rates, you will want to get some free quotes from multiple independent agents for maximum quote selection.

Shown below are Irvine independent agencies that may be able to provide comparison quotes.

View more agents

Exclusive Insurance Agents

Agents in the exclusive channel can only provide pricing for a single company and examples are Farmers Insurance and State Farm. They are unable to shop your coverage around so they have to upsell other benefits. Exclusive agents are usually well trained on what they offer which helps them compete with independent agents.

Shown below are exclusive agencies in Irvine that can give you price quote information.

View more agents

Deciding on a insurance agency should include more criteria than just the premium amount. Ask your prospective agent these questions:

• How often do they review coverages?
• Will the agent help in case of a claim?
• Is the quote a firm price?
• Are there any discounts that you might be missing?
• Will their companies depreciate repairs to your car based on the mileage?
• What insurance companies do they recommend if they are an independent agent?
• What kind of financial rating does the company have?
• Are they able to provide referrals?

Insurance savings summarized

Drivers change insurance companies for a number of reasons such as policy cancellation, an unsatisfactory settlement offer, lack of trust in their agent and even questionable increases in premium. Regardless of your reason for switching companies, finding a new insurance company is actually quite simple.

Lower-priced insurance in Irvine can be bought both online as well as from insurance agents, and you need to comparison shop both in order to have the best chance of saving money. There are still a few companies who do not provide rate quotes online and usually these smaller providers provide coverage only through local independent agencies.

In this article, we covered a lot of techniques to shop for Hyundai Elantra insurance online. The most important thing to understand is the more providers you compare, the better your chances of lowering your premium rates. You may even be surprised to find that the lowest priced insurance comes from the least-expected company.

Steps to finding affordable Hyundai Elantra insurance in Irvine

If you want to find the absolute lowest rates, then the best way to get more affordable Hyundai Elantra insurance is to start doing a yearly price comparison from insurance carriers who sell insurance in Irvine. Prices can be compared by following these steps.

• First, try to learn about how companies price auto insurance and the things you can change to keep rates in check. Many things that result in higher prices such as accidents, traffic tickets, and a negative credit score can be improved by making lifestyle changes or driving safer.
• Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while agents who are independent can quote rates for a wide range of insurance providers.
• Third, compare the quotes to your existing rates and determine if cheaper Elantra coverage is available. If you find a better price and buy the policy, verify that coverage does not lapse between policies.
• Fourth, give notification to your agent or company of your intent to cancel your current car insurance policy and submit a down payment along with a completed application to the new company. As soon as you can, safely store the proof of insurance paperwork with your registration paperwork.

One thing to remember is that you’ll want to compare the same amount of coverage on each price quote and and to analyze as many car insurance companies as possible. This guarantees a fair rate comparison and a thorough price selection.

To learn more, link through to the resources below:

• Neck Injury FAQ (iihs.org)
• How Much are Car Insurance Quotes for Drivers Under 25 in Irvine? (FAQ)
• Who Has Cheap Irvine Auto Insurance for Ride Shares? (FAQ)
• How Much is Auto Insurance for Postal Workers in Irvine? (FAQ)
• Who Has Cheap Auto Insurance Rates for a Dodge Grand Caravan in Irvine? (FAQ)
• Who Has Affordable Irvine Auto Insurance Quotes for Drivers Over Age 70? (FAQ)
• Choosing an Insurance Company (Insurance Information Institute)
• Insuring a Leased Car (Insurance Information Institute)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)