Hyundai Elantra insurance rates image courtesy of QuoteInspector.com
It's an obvious assumption that auto insurance companies want to keep your business as long as possible. Consumers who shop around for cheaper price quotes are very likely to buy a new policy because there is a good probability of finding a more affordable policy premium. Surprisingly, a recent survey revealed that drivers who made a habit of comparing rate quotes saved an average of $850 each year as compared to drivers who never shopped around for cheaper prices.
If finding budget-friendly insurance is your goal, understanding the best ways to shop for auto insurance can make it easier to find better rates.
If you want to save money, the best way to find more affordable car insurance rates in Fort Worth is to start comparing rates regularly from insurance carriers who can sell car insurance in Texas.
- Step 1: Read and learn about how insurance works and the measures you can control to keep rates low. Many rating factors that drive up the price like careless driving and a less-than-favorable credit history can be improved by making minor changes to your lifestyle. Read the full article for additional ideas to prevent high rates and find discounts that may have been missed.
- Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while independent agencies can provide prices for a wide range of companies. View companies
- Step 3: Compare the new rate quotes to your existing coverage to determine if you can save on Elantra insurance. If you find a better price, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Step 4: Give notification to your current company of your intent to cancel your current auto insurance policy and submit a down payment along with a signed application to your new insurance company. Immediately place the new certificate of insurance in an accessible location in your vehicle.
A good tip to remember is that you'll want to make sure you compare the same deductibles and limits on each quote and and to get price estimates from as many different companies as possible. Doing this helps ensure an accurate price comparison and a complete rate analysis.
Get Lower-cost Insurance Prices by Understanding These Factors
Many factors are taken into consideration when premium rates are determined. Some factors are common sense such as your driving record, but others are more transparent such as your marital status or your commute time. Consumers need to have an understanding of the different types of things that help calculate the price you pay for auto insurance. When you know what positively or negatively controls the rates you pay, this helps enable you to make changes that could help you find much lower annual insurance costs.
Shown below are some of the most common factors utilized by car insurance companies to help set prices.
Single drivers take more risk - Having a wife or husband actually saves money compared to being single. It usually means you are more mature and statistics prove being married results in fewer claims.
Protect yourself with liability insurance - A critical coverage on your policy, liability insurance is the protection when you are found liable for damages from an accident. It provides legal defense coverage starting from day one. Liability is cheap when compared with rates for comp and collision, so do not cut corners here.
Combine and save - Lots of auto insurance companies afford lower prices to clients that buy multiple policies in the form of a multi-policy discount. Even if you already get this discount, it's in your best interest to comparison shop to make sure you are getting the best deal.
Guys pay higher rates - Over time, data shows women are more cautious behind the wheel. The data does not necessarily mean that women are BETTER drivers than men. Both genders get in at-fault accidents in similar numbers, but guys get into accidents with more damage. Not only that, but men also receive more major tickets like DUI and reckless driving. Young men ages 16 to 20 cause the most accidents and therefore have the most expensive auto insurance rates.
The chart below shows the comparison of Hyundai Elantra insurance costs for male and female drivers. The costs are based on no violations or accidents, full coverage, $1,000 deductibles, marital status is single, and no discounts are applied.
Vehicle risk affects costs - The performance of the car, truck or SUV you drive makes a huge difference in your car insurance bill. The cheapest insurance rates will normally be found when insuring economy passenger models, but the cost you end up paying is determined by many additional factors.
The following chart uses these assumptions: single male driver age 40, full coverage with $100 deductibles, and no discounts or violations. It compares Hyundai Elantra policy rates compared to other vehicles that have a range of risk factors.
Save money by having high credit - Having a bad credit rating can be an important factor in determining your rates. If your credit score is not that good, you could potentially save money when insuring your Hyundai Elantra if you clean up your credit. Drivers with high credit scores tend to be better risks to insure than drivers who have lower credit scores.
Raise coverage deductibles and save - Comprehensive and collision coverage deductibles are the amount of money the insured will be required to pay if the claim is covered. Physical damage coverage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some coverage claims are colliding with a stationary object, damage from fire, and damage from wind. The higher the amount you're willing to pay, the less your company will charge you for insurance.
Insurance losses for a Hyundai Elantra - Insurers include the past claim history for a vehicle to determine a price that will be profitable for them. Vehicles that are shown to have high amounts or severity of claims will have increased rates.
The table shown below demonstrates the insurance loss data for Hyundai Elantra vehicles. For each policy coverage, the statistical loss for all vehicles, regardless of make or model, is considered to be 100. Values that are under 100 suggest losses that are better than average, while percentages above 100 indicate more frequent losses or statistically larger claims.
|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
Compare Fort Worth Hyundai Elantra insurance quotes online
The majority of larger companies make it easy to get pricing on their websites. Getting quotes for Hyundai Elantra insurance in Fort Worth is pretty painless as you simply type in the amount of coverage you want on the page. After you complete the form, their rating system automatically orders credit information and your driving record and quotes a price based on the information you submitted.
The ability to get online rates for Hyundai Elantra insurance in Fort Worth makes comparing rates easy, and it is imperative to get many rate quotes if you are searching for the best rate possible.
To save time and use this form to compare rates, compare quotes from the companies shown below. If you currently have coverage, we recommend that you enter deductibles and limits as close as possible to your current policy. This ensures you will have a price comparison for exact coverage.
The companies shown below offer comparison quotes in Fort Worth, TX. If more than one company is shown, we suggest you visit as many as you can to get the cheapest price.
Rates and statistics
The coverage information below showcases estimates of policy rates for Hyundai Elantra models. Having a good grasp of how car insurance prices are calculated can help you make smart choices when purchasing an auto insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$278||$476||$330||$20||$98||$1,202||$100|
|Elantra Blue 4-Dr Sedan||$278||$684||$388||$24||$116||$1,490||$124|
|Elantra GLS 4-Dr Sedan||$318||$684||$388||$24||$116||$1,530||$128|
|Elantra SE 4-Dr Sedan||$318||$684||$388||$24||$116||$1,530||$128|
|Elantra SE Touring Station Wagon||$318||$580||$330||$20||$98||$1,346||$112|
|Get Your Own Custom Quote Go|
Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Information does not factor in specific location which can increase or decrease rates significantly.
Insuring your Hyundai Elantra just makes sense
Despite the high cost of buying insurance for a Hyundai Elantra in Fort Worth, maintaining insurance is required by state law in Texas and it also provides benefits you may not be aware of.
First, just about all states have mandatory liability insurance requirements which means the state requires a minimum amount of liability coverage in order to license the vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you took out a loan on your car, it's guaranteed your bank will stipulate that you have physical damage coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the bank may buy a policy for your Hyundai at a more expensive rate and require you to pay the higher price.
Third, insurance protects not only your car but also your assets. It will also reimburse you for many types of medical costs for not only you but also any passengers injured in an accident. Liability coverage also covers legal expenses if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, your insurance policy will pay to repair the damage.
The benefits of carrying enough insurance are without a doubt worth the cost, especially if you ever need it. An average driver in America overpays as much as $850 per year so compare quotes from several companies at every policy renewal to save money.
Discounts for lower-cost car insurance rates
Some insurers do not advertise every available discount very well, so we researched some of the best known and also the more inconspicuous discounts that you can inquire about if you buy Fort Worth auto insurance online.
- Pay Upfront and Save - By making one initial payment instead of monthly or quarterly installments you can avoid monthly service charges.
- Discount for New Cars - Buying a new car instead of a used Elantra can cost up to 25% less because new model year vehicles have to meet stringent safety requirements.
- Student Discount for Driver Training - Reduce the cost of insurance for teen drivers by having them enroll and complete driver's education if offered at their school.
- Early Signing - A few larger companies allow discounts for switching companies early. Ten percent is about the average savings.
- Discounts for Federal Employees - Federal government employees could qualify for a slight premium decrease with certain companies.
Please keep in mind that many deductions do not apply to the entire cost. A few only apply to specific coverage prices like collision or personal injury protection. Just because it seems like having all the discounts means you get insurance for free, companies don't profit that way.
The diagram below shows the difference between Hyundai Elantra car insurance rates with and without policy discounts. The prices are based on a female driver, no tickets, no at-fault accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, safe-driver, multi-car, homeowner, and multi-policy discounts applied.
Companies that may include most of these discounts include:
Before buying, ask each insurance company which discounts you may be entitled to. Some of the earlier mentioned discounts may not apply in Fort Worth. If you would like to choose from a list of companies that offer some of these discounts in Texas, follow this link.
Get rate quotes but buy from a neighborhood Fort Worth auto insurance agent
A small number of people still like to go talk to an agent and that can be a smart move Agents are very good at helping people manage risk and help in the event of a claim. One of the best bonuses of comparing insurance online is you may find the lowest rates and still choose a local agent.
After completing this form (opens in new window), the quote information is emailed to local insurance agents in Fort Worth that provide free Fort Worth auto insurance quotes for your coverage. It makes it easy because there is no need to drive around because prices are sent directly to your email. In the event you want to get a price quote from a specific insurance provider, you just need to go to their quote page and complete a quote there.
Choosing a insurer requires you to look at more than just the bottom line cost. Before buying a policy in Fort Worth, get answers to these questions.
- What company holds the largest book of business for them?
- Did they already check your driving record and credit reports?
- What are the financial ratings for the companies they represent?
- Are there any discounts that you might be missing?
- Is vehicle damage repaired with OEM or aftermarket parts?
- Which companies can they place coverage with?
Listed below is a list of insurers in Fort Worth who can help you get price quotes for Hyundai Elantra insurance in Fort Worth.
- Gary Gilmore - State Farm Insurance Agent
9324 Clifford St #106 - Fort Worth, TX 76108 - (817) 367-6106 - View Map
- Earl Wood - State Farm Insurance Agent
2900 S Hulen St #50 - Fort Worth, TX 76109 - (817) 922-9300 - View Map
- Nationwide Insurance - Curtis Logan Agency
4500 Mercantile Plaza Dr #300 - Fort Worth, TX 76137 - (214) 302-7148 - View Map
- Peter Polinsky Insurance Agency
8751 Camp Bowie W Blvd #124 - Fort Worth, TX 76116 - (817) 560-9400 - View Map
Auto insurance is unique, just like you
When selecting the right insurance coverage, there really is no one size fits all plan. Your financial needs are unique.
For instance, these questions can help discover if your situation would benefit from professional advice.
- How much liability do I need to cover my assets?
- Do I need roadside assistance coverage?
- Are combined or split liability limits better?
- Does coverage extend to Mexico or Canada?
- Is coverage enough to protect my assets?
- When can my company non-renew my policy?
- Is borrowed equipment or tools covered if stolen or damaged?
- Should I buy more coverage than the required Texas minimum liability coverage?
- Does my policy cover me if I wreck while driving under the influence?
- Does coverage extend to a rental car in a foreign country?
If you don't know the answers to these questions but a few of them apply then you might want to talk to an insurance agent. If you don't have a local agent, simply complete this short form. It only takes a few minutes and may give you better protection.
Get the best coverage at the lowest price
Discount Hyundai Elantra insurance in Fort Worth can be bought on the web as well as from insurance agents, and you should be comparing both so you have a total pricing picture. There are still a few companies who may not offer online price quotes and these small, regional companies only sell through independent insurance agencies.
Insureds leave their current company for a number of reasons such as policy cancellation, extreme rates for teen drivers, not issuing a premium refund or policy non-renewal. Regardless of your reason, finding a new insurance company is easier than you think.
You just learned a lot of techniques to find cheap Hyundai Elantra insurance in Fort Worth. It's most important to understand that the more price quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the best rates are with the least-expected company.
To read more, feel free to browse the resources below:
- Learn About Car Insurance (GEICO)
- Who Has Affordable Fort Worth Car Insurance Rates for a Toyota Corolla? (FAQ)
- Who Has Cheap Fort Worth Auto Insurance Rates for a Honda CR-V? (FAQ)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Property Damage Coverage (Liberty Mutual)
- Teen Driving Statistics (GEICO)
- Drunk Driving Statistics (Insurance Information Institute)