Astonishing but true, the vast majority of consumers in Florida have bought car insurance from the same company for over three years, and practically 40% of car insurance customers have never even compared quotes to find affordable rates. The average driver in America could save roughly $859 each year, but they won’t spend time to find affordable car insurance rates.
It takes a little time, but the best way to find affordable quotes for Hyundai Elantra insurance is to do a yearly price comparison from insurance carriers in Miami. You can compare prices by completing these steps.
- Step 1: Read about how companies set rates and the measures you can take to keep rates down. Many policy risk factors that increase rates like getting speeding tickets and an unacceptable credit history can be improved by making minor changes in your lifestyle.
- Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from a single company like Progressive or State Farm, while independent agents can quote prices for a wide range of companies.
- Step 3: Compare the price quotes to the premium of your current policy to see if switching to a new carrier will save money. If you find a lower rate, make sure coverage does not lapse between policies.
One tip to remember is to make sure you’re comparing the same level of coverage on every price quote and and to get prices from as many carriers as you can. Doing this ensures the most accurate price comparison and maximum price selection.
How to compare Hyundai Elantra insurance price quotes in Miami
Most companies allow you to get insurance quotes on the web. Getting Hyundai Elantra insurance prices online doesn’t take a lot of time because you just enter the coverage amounts you desire on the page. Upon sending the form, their rating system orders reports for credit and driving violations and gives you a price quote.
Being able to quote online for Hyundai Elantra insurance in Miami helps simplify price comparisons, and it’s also necessary to do this if you are searching for a lower rate.
To quickly find out how much you’re overpaying now, compare quotes from the companies shown below. If you have a policy now, it’s recommended you replicate the coverages exactly as they are listed on your policy. Doing this guarantees you will get an apples-to-apples comparison using the exact same coverages.
The companies in the list below can provide quotes in Miami, FL. If you want to find the best cheap auto insurance in Miami, FL, we suggest you click on several of them to get a more complete price comparison.
Rates and other information
The coverage table below highlights different coverage costs for Hyundai Elantra models. Having a good understanding how auto insurance policy rates are calculated can help you make informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $192 | $346 | $478 | $28 | $144 | $1,188 | $99 |
| Elantra Blue 4-Dr Sedan | $192 | $496 | $564 | $34 | $168 | $1,454 | $121 |
| Elantra GLS 4-Dr Sedan | $222 | $496 | $564 | $34 | $168 | $1,484 | $124 |
| Elantra SE 4-Dr Sedan | $222 | $496 | $564 | $34 | $168 | $1,484 | $124 |
| Elantra SE Touring Station Wagon | $222 | $420 | $478 | $28 | $144 | $1,292 | $108 |
| Get Your Own Custom Quote Go | |||||||
Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Premium amounts do not factor in specific garaging location which can affect coverage rates noticeably.
Where to set your deductibles
A question often asked by Miami drivers is how low should you set your deductibles. The rates below lay out the rate difference when you buy lower versus higher comp and collision deductibles. The first set of rates uses a $100 deductible for physical damage and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $312 | $532 | $354 | $20 | $106 | $1,349 | $112 |
| Elantra Blue 4-Dr Sedan | $312 | $764 | $418 | $24 | $124 | $1,667 | $139 |
| Elantra GLS 4-Dr Sedan | $358 | $764 | $418 | $24 | $124 | $1,713 | $143 |
| Elantra SE 4-Dr Sedan | $358 | $764 | $418 | $24 | $124 | $1,713 | $143 |
| Elantra SE Touring Station Wagon | $358 | $648 | $354 | $20 | $106 | $1,511 | $126 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $174 | $280 | $354 | $20 | $106 | $934 | $78 |
| Elantra Blue 4-Dr Sedan | $174 | $402 | $418 | $24 | $124 | $1,142 | $95 |
| Elantra GLS 4-Dr Sedan | $200 | $402 | $418 | $24 | $124 | $1,168 | $97 |
| Elantra SE 4-Dr Sedan | $200 | $402 | $418 | $24 | $124 | $1,168 | $97 |
| Elantra SE Touring Station Wagon | $200 | $342 | $354 | $20 | $106 | $1,022 | $85 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rate information does not factor in specific Miami garaging location which can decrease or increase rates significantly.
Based on the figures above, using a $100 deductible costs an average of $43 more each month or $516 annually than opting for the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 21 months between claims, you would more than likely save some money by going with a higher deductible.
How to determine when to raise deductibles
| Average monthly premium for $100 deductibles: | $133 |
| Average monthly premium for $1,000 deductibles (subtract): | – $90 |
| Monthly savings from raising deductible: | $43 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $43 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 21 months |
One thing to note is that raising deductibles to save money means you pay more out-of-pocket when you have a claim. You need to make sure you have enough disposable savings in the event you have to pay the deductible for vehicle repair.
Poor driving habits will raise your insurance rates
The diagram below shows how violations and accidents influence Hyundai Elantra insurance premiums for each age group. The price estimates are based on a married female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.
Three main reasons to buy insurance
Despite the high cost, insurance may be required for several reasons.
- Almost all states have mandatory insurance requirements which means you are required to carry specific minimum amounts of liability protection in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your Hyundai, it’s most likely the lender will make it a condition of the loan that you buy insurance to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the lender will be forced to insure your Hyundai at an extremely high rate and require you to pay for the expensive policy.
- Insurance preserves not only your Hyundai but also your assets. Insurance will also pay for hospital and medical expenses for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, will also pay for a defense attorney if anyone sues you for causing an accident. If mother nature or an accident damages your car, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of having insurance are without a doubt worth the cost, especially with large liability claims. Today the average American driver overpays more than $855 a year so compare rate quotes at every renewal to help ensure money is not being wasted.
Insurance Premium Influencing Factors
Lots of things are taken into consideration when you get a price on insurance. Most are fairly basic like your driving record, but some are more transparent like where you live or how financially stable you are. Smart consumers have a good feel for some of the elements that aid in calculating your premiums. If you know what determines base rates, this enables you to make decisions that can earn you lower insurance prices.
The following are a partial list of the pieces used by insurance companies to determine your prices.
Credit score impacts premium premiums – Having a bad credit score is a big factor in determining premium rates. If your credit score is low, you could be paying less to insure your Hyundai Elantra by spending a little time repairing your credit. People that have good credit tend to be less risk to insure than drivers with poor credit scores.
Vehicles with better crash test results mean better prices – Safe vehicles are cheaper to insure. Vehicles engineered for safety have better occupant injury protection and lower injury rates translates into savings for insurance companies and thus lower rates.
Cheaper to insure women? – Statistics demonstrate women are more cautious behind the wheel. That doesn’t necessarily mean that women are BETTER drivers than men. Females and males are responsible for fender benders at about the same rate, but the male of the species tend to have more serious accidents. Men also tend to get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly. Male drivers age 16 to 19 tend to get in the most accidents so they pay the highest premiums.
The chart below compares Hyundai Elantra insurance rates for male and female drivers. The price estimates are based on a clean driving record, no claims, comp and collision included, $250 deductibles, drivers are single, and no discounts are applied.
Why do you need liability coverage? – Your insurance policy’s liability coverage is the protection when you are ruled to be at fault for personal injury or accident damage. Your liability coverage provides for a legal defense which can cost a lot. It is affordable coverage when compared with rates for comp and collision, so do not cut corners here.
Don’t abuse insurance claims – Car insurance companies in Florida give most affordable rates to people who do not file claims often. If you frequently file small claims, you can pretty much guarantee much higher rates or policy non-renewal. Your insurance policy is meant to be used in the event of claims that you cannot pay yourself.
Combine policies and save money – The majority of insurers afford a discount to clients who have multiple policies with them in the form of a multi-policy discount. If you currently are using one company, consumers should still compare other company rates to guarantee you are still saving the most. Drivers may still find lower rates even if you have your coverage with different companies
Teenagers vs. older drivers – Older drivers have been proven to be more responsible, tend to cause fewer accidents, and are generally more financially stable. Youthful drivers have been known to be inattentive and easily distracted behind the wheel and because of this, their insurance rates are much higher.
The data below assumes a single driver, full coverage with $250 deductibles, and no discounts or violations.
Discounts for alarms and GPS tracking – Choosing a vehicle with a theft deterrent system can help bring down rates. Anti-theft features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help prevent car theft and help bring rates down.
Hyundai Elantra insurance loss probability – Insurers analyze the history of losses when they calculate premium rates for each model. Models that have high amounts or severity of claims will have a higher cost to insure. The data below shows the historical loss data for Hyundai Elantra vehicles.
For each insurance policy coverage type, the claim amount for all vehicles averaged together is a value of 100. Values that are 100 or less suggest a positive loss record, while percentages above 100 show a trend for more claims or statistically larger losses.
| Vehicle 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 from IIHS.org for 2013-2015 Model Years
Which policy gives me the best coverage?
When it comes to choosing the best car insurance coverage, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs.
For example, these questions can aid in determining whether or not you might need professional guidance.
- What is high-risk coverage and where do I buy it?
- Does medical payments coverage apply to all occupants?
- When can my company non-renew my policy?
- Are my friends covered when driving my car?
- What does roadside assistance cover?
- What is covered by UM/UIM coverage?
- Can I pay claims out-of-pocket if I buy high deductibles?
If you don’t know the answers to these questions then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form. It’s fast, free and may give you better protection.
You can lower your insurance rates
Consumers change insurance companies for any number of reasons including lack of trust in their agent, delays in paying claims, not issuing a premium refund and even high prices. It doesn’t matter why you want to switch choosing a new company can be less work than you think.
The cheapest Hyundai Elantra insurance in Miami is possible from both online companies in addition to local insurance agencies, so you should compare both in order to have the best chance of saving money. Some insurance companies don’t offer online quoting and many times these regional insurance providers provide coverage only through independent insurance agencies.
While you’re price shopping online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are a lot of situations where drivers have reduced liability coverage limits and learned later that the small savings ended up costing them much more. The ultimate goal is to get the best coverage possible at a price you can afford but still have enough coverage for asset protection.
Additional insurance information is available below:
- Choosing a Car for Your Teen (State Farm)
- Who Has Cheap Miami Car Insurance Quotes for Government Employees? (FAQ)
- Who Has Cheap Auto Insurance Rates for Drivers Over Age 60 in Miami? (FAQ)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- Speed and Speed Limit FAQ (iihs.org)
- Rental Reimbursement Coverage (Allstate)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)