Best Ways to Save on Fresno Hyundai Elantra Insurance

Insurance rates Hyundai Elantra in FresnoIt takes a little time, but the best way to find more affordable auto insurance rates in Fresno is to regularly compare price quotes from insurance carriers in California. Drivers can shop around by following these steps.

  1. Get a basic knowledge of coverages and the measures you can take to keep rates in check. Many rating factors that cause rate increases like speeding tickets, careless driving and a bad credit rating can be eliminated by making minor changes to your lifestyle. Keep reading for information to prevent high rates and find more discounts that you may not know about.
  2. Request rate estimates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or Farmers Insurance, while independent agencies can provide rate quotes from many different companies.
  3. Compare the quotes to the premium of your current policy and determine if there is any savings. If you find a better price and change companies, verify that coverage does not lapse between policies.
  4. Provide proper notification to your current company to cancel your existing policy. Submit a down payment along with a signed application for your new coverage. Once coverage is bound, place the new proof of insurance certificate in an accessible location in your vehicle.

The most important part of this process is to make sure you’re comparing the same level of coverage on each price quote and and to get price quotes from every insurance company. This enables an accurate price comparison and a good representation of prices.

It goes without saying that auto insurance companies want to prevent you from shopping around. Insureds who shop rates annually are very likely to move their business because they have a good chance of finding a lower rate. A study showed that consumers who regularly compared price quotes saved approximately $3,500 over four years compared to policyholders who never shopped around for better prices.

If finding the best price on auto insurance is your goal, then learning a little about the best way to shop and compare auto insurance can save time and money.

Locating the best rates in Fresno is easy if you know what you’re doing. If you are already insured or are looking for a new policy, use these cost-cutting techniques to reduce premiums without sacrificing coverage. Drivers just need to use the proper methods to compare different rates on the web.

Shop Hyundai Elantra insurance online

The majority of larger companies provide coverage prices on their websites. Obtaining pricing for Hyundai Elantra insurance in Fresno is possible for anyone as you just type in the amount of coverage you want into the quote form. Behind the scenes, the system orders your credit score and driving record and returns pricing information based on the data you entered. Getting online quotes for Hyundai Elantra insurance in Fresno makes comparing rates easy, and it’s absolutely necessary to have as many quotes as possible if you are searching for the most affordable possible premiums on auto insurance.

To compare pricing, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended you duplicate the insurance coverages exactly as they are listed on your policy. This way, you will have rate comparison quotes for exact coverage.

The auto insurance companies shown below have been selected to offer free rate quotes in California. If you want to find the cheapest auto insurance in Fresno, CA, we suggest you visit as many as you can in order to get a fair rate comparison.

Hyundai Elantra detailed coverage information

The price information shown below showcases detailed analysis of insurance rates for Hyundai Elantra models. Understanding how insurance rates are determined can be useful when making decisions on which insurance to purchase.

Hyundai Elantra Insurance Rates in Fresno, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $322 $554 $384 $22 $114 $1,396 $116
Elantra Blue 4-Dr Sedan $322 $792 $450 $26 $134 $1,724 $144
Elantra GLS 4-Dr Sedan $368 $792 $450 $26 $134 $1,770 $148
Elantra SE 4-Dr Sedan $368 $792 $450 $26 $134 $1,770 $148
Elantra SE Touring Station Wagon $368 $672 $384 $22 $114 $1,560 $130
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Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rates do not factor in the specific area where the vehicle is garaged which can lower or raise premium rates significantly.

Should you raise deductibles?

A question often asked by Fresno drivers is which comprehensive and collision deductibles to buy. The tables below highlight the differences in price between low and high physical damage coverage deductibles. The first data table uses a $100 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.

Hyundai Elantra insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $332 $564 $376 $22 $112 $1,431 $119
Elantra Blue 4-Dr Sedan $332 $810 $442 $26 $132 $1,767 $147
Elantra GLS 4-Dr Sedan $380 $810 $442 $26 $132 $1,815 $151
Elantra SE 4-Dr Sedan $380 $810 $442 $26 $132 $1,815 $151
Elantra SE Touring Station Wagon $380 $686 $376 $22 $112 $1,601 $133
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Hyundai Elantra insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $184 $298 $376 $22 $112 $992 $83
Elantra Blue 4-Dr Sedan $184 $426 $442 $26 $132 $1,210 $101
Elantra GLS 4-Dr Sedan $210 $426 $442 $26 $132 $1,236 $103
Elantra SE 4-Dr Sedan $210 $426 $442 $26 $132 $1,236 $103
Elantra SE Touring Station Wagon $210 $362 $376 $22 $112 $1,082 $90
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Rate information does not factor in specific location information which can alter premium rates greatly.

We can estimate from the data above that using a $100 deductible could cost the average driver approximately $44 more each month or $528 every year averaged for all Elantra models than opting for the higher $1,000 deductible. Because you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have more than 20 months between claim filings, you would save money by selecting a higher deductible. The table below shows how you can make this decision for your own policy.

Average monthly premium for $100 deductibles: $140
Average monthly premium for $1,000 deductibles (subtract): – $96
Monthly savings from raising deductible: $44
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $44
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

The example below illustrates how choosing a deductible and can raise or lower Hyundai Elantra premium costs for different categories of driver ages. The premiums are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.

Cost comparison with and without full coverage

The example below illustrates the difference between Hyundai Elantra premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no violations or accidents, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

Are you wasting money on full coverage?

There is no exact rule to stop buying physical damage insurance, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let’s assume your Hyundai Elantra replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $5,000 after paying the physical damage deductible. If you are currently paying more than $500 annually for physical damage coverage, then it might be time to consider dropping full coverage.

There are some scenarios where removing full coverage is not a good plan. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not eliminate full coverage.

Best reasons to buy auto insurance in California

Despite the fact that auto insurance is not cheap in Fresno, buying auto insurance is required in California but it also protects you in many ways.

The benefits of insuring your Elantra definitely exceed the cost, particularly for liability claims. Today the average American driver overpays more than $700 annually so you should quote your policy with other companies at least once a year to ensure rates are inline.

Decisions You Make Can Impact Your Insurance Prices

Lots of things are considered when pricing auto insurance. Some are pretty understandable such as your driving record, but other factors are more obscure like your continuous coverage or how safe your car is.

Shown below are some of the most rate-impacting factors utilized by car insurance companies to help set your premiums.

Avoid tickets and save – Having just one moving violation can increase the cost of insurance by as much as thirty percent. Good drivers receive lower rates as compared to those with violations. Drivers with careless violations like DWI, reckless driving or hit and run convictions may find that they have to to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to continue driving.

The information below highlights how traffic violations and accidents drive up Hyundai Elantra annual premium costs for each age group. The data assumes a married male driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.

Do you have a demanding employer? – Did you know your auto insurance rates can be affected by your occupation? Occupations like lawyers, executives, and miners generally pay higher premiums than the average policyholder because of high stress levels and long work hours. Conversely, occupations such as professors, historians and retirees have the lowest average rates.

A auto insurance policy lapse can increase premiums – Letting your insurance expire is a sure-fire way to pay more for auto insurance. And not only will insurance be more expensive, getting caught without coverage will get you fines or a revoked license.

Cheaper to insure women? – Over time, data shows that females tend to be a little less risky than males. However, this does not mean females are better at driving than males. They both are responsible for auto accidents in similar numbers, but the men have costlier accidents. Men also tend to receive more major tickets like reckless driving and DUI.

The example below visualizes the comparison of Hyundai Elantra insurance costs for male and female drivers. The premiums assume no tickets, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

Insurance rates are higher for high performance vehicles – The make and model of the car you own makes a significant difference in how high your rates are. The lowest performance passenger cars generally have the cheapest insurance rates, but the final cost of insurance is determined by many other factors.

The chart below is based on a single male driver age 20, full coverage with $250 deductibles, and no discounts or violations. It compares Hyundai Elantra policy rates compared to other models of vehicles that have a range of performance risks.

Annual mileage and car insurance rates – The more you drive in a year’s time the more you will pay for auto insurance. Many insurance companies price each vehicle’s coverage determined by how the vehicle is used. Vehicles that are left in the garage receive better premium rates than vehicles that have high annual mileage. Incorrect rating for your Elantra can cost quite a bit. It’s always a good idea to double check that your policy shows the correct driver usage.

Hyundai Elantra claim statistics – Insurers include the past claim trends for vehicles as a tool for profitable underwriting. Models that the statistics show to have higher frequency or amount of claims will have increased rates. The table below shows the insurance loss data for Hyundai Elantra vehicles.

For each policy coverage, the loss probability for all vehicles, as an average, is considered to be 100. Percentage values below 100 mean the vehicle has better than average losses, while values over 100 point to more frequent losses or statistically larger losses.

Hyundai Elantra Insurance Claim Statistics
Make and 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

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

Quote more and you will save more

As you prepare to switch companies, make sure you don’t buy less coverage just to save a little money. There are many occasions where someone sacrificed collision coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to find the BEST coverage at the best cost but still have enough coverage for asset protection.

We just covered a lot of information how to reduce Hyundai Elantra insurance prices online in Fresno. The most important thing to understand is the more providers you compare, the better likelihood of getting the cheapest Hyundai Elantra rate quotes. You may even discover the biggest savings come from the smaller companies. Some small companies may cover specific market segments cheaper than the large multi-state companies such as Progressive and GEICO.

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