It's an obvious statement that insurance companies don't want policyholders to compare prices from other companies. People who shop around for cheaper rates will presumably buy a new policy because there are good odds of finding a lower rate. A study showed that consumers who compared rates regularly saved an average of $3,400 over four years compared to those who never compared other company's rates.
If finding the best price on insurance in El Paso is your intention, then having some insight into the best way to quote and compare insurance premiums can make the process more efficient.
The best way to find better pricing on Hyundai Elantra insurance in El Paso is to regularly compare price quotes from insurance carriers that sell auto insurance in Texas.
- Step 1: It will benefit you to learn about the coverage provided by your policy and the modifications you can make to prevent high rates. Many factors that are responsible for high rates like distracted driving and an imperfect credit history can be eliminated by making minor changes to your lifestyle. This article gives additional ideas to help prevent costly coverage and find more discounts that you may not know about.
- Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from a single company like GEICO or State Farm, while agents who are independent can quote prices for many different companies.
- Step 3: Compare the new quotes to the price on your current policy to see if switching to a new carrier will save money. If you find a better price and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
A good tip to remember is to try to compare the same physical damage deductibles and liability limits on every quote and and to get quotes from as many companies as you can. This enables the most accurate price comparison and a thorough price selection.
How to buy El Paso Hyundai Elantra insurance online
The companies shown below offer free quotes in El Paso, TX. If the list has multiple companies, we suggest you compare several of them in order to get a fair rate comparison.
Insurance coverage details
The rate information shown next covers detailed analysis of insurance prices for Hyundai Elantra models. Having a good understanding how insurance policy premiums are calculated can be valuable when making decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $234 | $376 | $334 | $20 | $100 | $1,064 | $89 |
| Elantra Blue 4-Dr Sedan | $234 | $538 | $392 | $24 | $118 | $1,306 | $109 |
| Elantra GLS 4-Dr Sedan | $268 | $538 | $392 | $24 | $118 | $1,340 | $112 |
| Elantra SE 4-Dr Sedan | $268 | $538 | $392 | $24 | $118 | $1,340 | $112 |
| Elantra SE Touring Station Wagon | $268 | $456 | $334 | $20 | $100 | $1,178 | $98 |
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Price information does not factor in specific location which can change coverage prices greatly.
The illustration below illustrates how your deductible choice and can affect Hyundai Elantra insurance costs for different age categories. The information is based on a single male driver, comp and collision included, and no discounts are factored in.
Three main reasons to buy car insurance
Despite the high cost, buying car insurance may be required and benefits you in several ways.
First, the majority of states have mandatory insurance requirements which means it is punishable by state law to not carry specific limits of liability insurance 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 have a loan on your car, almost all lenders will require you to buy insurance to guarantee loan repayment. If the policy lapses, the bank may insure your Hyundai at a much higher rate and force you to pay for the much more expensive policy.
Third, car insurance preserves not only your vehicle but also your financial assets. Insurance will also pay for hospital and medical expenses that are the result of an accident. Liability coverage also pays for attorney fees and expenses in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.
The benefits of insuring your Elantra more than cancel out the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver is wasting up to $810 a year so it's very important to do a rate comparison every year to make sure the price is not too high.
The coverage is in the details
Having a good grasp of your auto insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types found on most auto insurance policies.
Comprehensive coverage
Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims like vandalism, rock chips in glass and damage from a tornado or hurricane. The most you'll receive from a claim is the actual cash value, so if the vehicle is not worth much it's not worth carrying full coverage.
Collision protection
This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.
Collision can pay for claims such as rolling your car, crashing into a ditch, sideswiping another vehicle and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It's also possible to increase the deductible on your Elantra to bring the cost down.
Auto liability insurance
This provides protection from damage that occurs to other's property or people that is your fault. It protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 30/60/25 which stand for $30,000 bodily injury coverage, a per accident bodily injury limit of $60,000, and $25,000 of coverage for damaged property. Some companies may use a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability can pay for things such as court costs, medical expenses and medical services. How much liability should you purchase? That is up to you, but buy higher limits if possible. Texas requires drivers to carry at least 30/60/25 but you should consider buying higher limits.
The chart below demonstrates why minimum state limits may not be adequate.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like dental work, prosthetic devices, chiropractic care, rehabilitation expenses and hospital visits. They are used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage
Uninsured/Underinsured Motorist coverage
This coverage protects you and your vehicle's occupants when the "other guys" do not carry enough liability coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Hyundai Elantra.
Due to the fact that many Texas drivers carry very low liability coverage limits (which is 30/60/25), their limits can quickly be used up. So UM/UIM coverage is very important. Usually the UM/UIM limits do not exceed the liability coverage limits.