Buying competitive insurance for a Hyundai Elantra is fairly simple, but it depends on a fairly complex equation with a lot of factors such as how safe your vehicle is, the likelihood of your vehicle being stolen, and if you have tickets or violations. Drivers will pay around $1,461 each year for Elantra insurance, but that price is an estimation based upon a 30-year-old single female driver with both comprehensive and collision coverage and $500 deductibles.
There’s a high likelihood you’re not a 30-year-old female, married instead of single, or maybe you just want different deductibles. Everone’s needs are different, and this illustrates why the only real way to find the most affordable coverage for your Hyundai is to just compare rates yourself. Get a free quote now and you will get price quotes from top-rated companies around.
Your Hyundai’s trim level can impact the coverage cost, so the rate you pay to insure a Elantra GLS Touring Station Wagon will be $148 cheaper than the insurance cost for the more costly Elantra SE Touring Station Wagon version, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$282||$494||$534||$32||$160||$1,502||$125|
|Elantra Blue 4-Dr Sedan||$282||$708||$628||$38||$188||$1,844||$154|
|Elantra GLS 4-Dr Sedan||$324||$708||$628||$38||$188||$1,886||$157|
|Elantra SE 4-Dr Sedan||$324||$708||$628||$38||$188||$1,886||$157|
|Elantra SE Touring Station Wagon||$324||$600||$534||$32||$160||$1,650||$138|
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Rate information does not factor in specific New Orleans garaging location which can lower or raise prices greatly.
Best insurance company in Louisiana
Choosing the highest-rated auto insurance provider can be a challenge considering how many different insurance companies sell coverage in Louisiana. The ranking data in the next section may help you analyze which car insurance providers to look at to insure your vehicles. These ratings are only made up of major nationwide insurance companies, so smaller companies that only insure vehicles in Louisiana will not be included in the list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Full coverage rates compared to liability-only
Saving on insurance is probably important to the majority of drivers, and one of the best ways to pay lower rates for insurance for a Hyundai Elantra is to not buy full coverage. The example below shows the comparison of yearly insurance costs with full coverage and liability only. The premiums are based on no driving violations, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.
Averaged for all ages 20 through 70, full coverage on your policy costs an extra $2,389 per year over and above liability only. At some point, about every driver wonders when is the right time to remove full coverage. There is no definitive guideline of when to eliminate comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s say your vehicle’s replacement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $8,000 after the deductible is paid. If it’s costing you more than $800 a year for physical damage coverage, then it may be the right time to buy liability only.
Don’t stick with an overpriced policy
New Orleans insurance rates are based on many factors that will increase or decrease the cost of a policy. Simply improving your credit, buying a different home, or getting a few speeding tickets can trigger rate changes that may make certain companies more affordable than others.
Also, insurance companies file new Louisiana auto insurance rates multiple times each year to adjust for gains or losses. Larger than normal claims can cause more expensive prices, while profitable underwriting may cause lower-priced Elantra insurance rates.
For instance, the graph below shows rates for the cheapest car insurance in New Orleans, LA for a 45-year-old female driver with no accidents or violations, and a high credit rating. Based on her personal risk profile, USAA may offer the cheapest car insurance rates in New Orleans at $2,646 per year. This is $232 more than the average rate paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are the rest of the top five cheapest New Orleans, LA auto insurance companies.
In this example, we will give the driver from the first example an at-fault accident, a little lower credit rating, and a speeding ticket. Because each insurer has their own formula for determining rates, comparing rates will most likely result in a completely different list of the cheapest companies as shown below.
California Casualty now has the cheapest auto insurance in New Orleans, LA with State Farm, USAA, GEICO, and Safe Auto now rounding out the top five. This example illustrates why it is important to shop around when trying to get the best auto insurance quotes for a Hyundai Elantra.
Car insurance prices consist of many different factors and can increase or decrease at any time, so the lowest-price company the last time you compared rates may now be one of the higher cost companies.
How to find more affordable auto insurance for a Hyundai Elantra
It is possible to find better rates, and here are some of the recommended penny-pinching suggestions that can help drivers get cheaper car insurance.
- Bundle home or renters insurance to earn a discount on car insurance
- Do not file small claims
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Drop full coverage on older vehicles
- Do not get into accidents that are your fault
- Vehicles with good safety ratings have lower liability rates
- Shop around for cheaper rates regularly
The final tip is certainly valuable, as we emphasized in the prior article. Insurance rates in New Orleans fluctuate considerably, so drivers shouldn’t be reluctant to buy from a different company if a more affordable rate is found.
Being loyal to a particular company is commendable, but it’s not a good idea if that devotion results in you overpaying hundreds of dollars a year. In just a few minutes you could compare rates and find cheaper auto insurance for a Hyundai Elantra.
If you aren’t sure which coverage you need and prefer to have a consultation when shopping for cheaper insurance for an Elantra, the agents listed below can most likely aid you in deciding which coverages are best. To find an agent using an interactive map, click the button at the bottom or click here to get price quotes now.
- Daul Insurance
94 Westbank Expressway Trail – Gretna, LA 70053 – (504) 362-0667
- J Everett Eaves
650 Poydras St # 1500 – New Orleans, LA 70130 – (504) 581-5353
- Chase Dardar – State Farm Insurance Agent
6301 S Claiborne Ave – New Orleans, LA 70125 – (504) 861-4529