Would you like to save money by finding lower-priced Hyundai Elantra insurance in Phoenix? Did you come to the realization that you have an overpriced car insurance policy? You’re preaching to the choir because you’re not alone.
A recent car insurance study revealed that over 70% of consumers have been with the same company for more than four years, and nearly 40% of drivers have never shopped around. Arizona insurance shoppers can cut their rates by 50% a year just by shopping around, but they just don’t want to compare rates online.
Big companies like GEICO, Farmers Insurance and State Farm continually bombard you with ad campaigns and consumers find it hard to see past the geckos and flying pigs and find the best price available.
Get cheap Hyundai Elantra insurance in Phoenix with discounts
Auto insurance is easily one of your largest bills, but you may be missing some discounts that can drop the cost substantially. Some discounts will apply at the time of quoting, but once in a while a discount must be manually applied in order for you to get them. If you aren’t receiving every discount you deserve, you’re just leaving money on the table.
- Employee of Federal Government – Being employed by or retired from a federal job can save as much as 8% depending on your company.
- Good Student – Getting good grades may save as much as 25% on a Phoenix auto insurance quote. Most companies allow this discount well after school through age 25.
- Driver’s Education for Students – Cut your cost by having your teen driver enroll and complete driver’s education as it will make them better drivers and lower rates.
- Discount for New Cars – Buying a new car instead of a used Elantra can cost up to 25% less compared to insuring an older model.
- Bundle and Save – If you can combine your auto and home policy with one insurance company you may save up to 20% and get you cheaper Elantra insurance.
- Fewer Miles Equal More Savings – Driving fewer miles could be rewarded with slightly better rates than normal.
- Accident Waiver – This isn’t a discount exactly, but a few companies such as State Farm and Progressive will allow you to have one accident before raising your premiums with the catch being you have to be claim-free for a certain period of time.
- Service Members Pay Less – Having a family member in the military can result in better auto insurance rates.
- Pay Early and Save – By paying your entire bill at once rather than paying monthly you may reduce your total bill.
You should keep in mind that some of the credits will not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though the math looks like it’s possible to get free car insurance, you won’t be that lucky.
To see a list of auto insurance companies with significant discounts in Phoenix, click here to view.
When looking for the cheapest Hyundai Elantra rate quotes, there are a couple ways to obtain and compare prices from many different Arizona insurance companies. The recommended way to find the cheapest Hyundai Elantra insurance rates consists of obtaining rate quotes online.
Online shopping is fast and free, and it makes it obsolete to call or drive to each insurance agency near you. Comparing Hyundai Elantra insurance rate quotes online can eliminate the need for a local agent unless you prefer the advice and guidance only provided by licensed Phoenix agents. It is possible to comparison shop online but buy from a local insurance agent. Just keep in mind that comparing a wide range of rates helps improve the odds of finding the best offered rates. Some smaller insurers do not give Phoenix Elantra insurance quotes online, so you also need to get rates from the smaller companies as well.
The car insurance companies shown below offer comparison quotes in Phoenix, AZ. If the list has multiple companies, we recommend you compare several of them in order to find the cheapest rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $122 | $232 | $308 | $18 | $92 | $772 | $64 |
| Elantra Blue 4-Dr Sedan | $224 | $548 | $300 | $18 | $90 | $1,180 | $98 |
| Elantra GLS 4-Dr Sedan | $198 | $456 | $282 | $16 | $84 | $1,036 | $86 |
| Elantra SE 4-Dr Sedan | $234 | $506 | $308 | $18 | $92 | $1,158 | $97 |
| Elantra SE Touring Station Wagon | $252 | $536 | $308 | $18 | $92 | $1,206 | $101 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Estimates do not factor in vehicle garaging location which can revise premium rates substantially.
Comparison of full coverage and liability-only policies
The illustration below shows the comparison of Hyundai Elantra auto insurance costs with full physical damage coverage and with liability coverage only. The prices are based on a clean driving record, no claims, $250 deductibles, married female driver, and no policy discounts are applied.
When to switch to liability coverage only
There is no definitive rule of when to exclude comp and collision coverage, but there is a broad guideline. If the yearly cost of full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
For example, let’s say your Hyundai Elantra claim settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $3,000 after paying your policy deductible. If premiums are more than $300 annually for physical damage coverage, then it could be time to drop full coverage.
There are some scenarios where removing full coverage is not recommended. If you still owe money on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage in place.
Can higher deductibles save money?
One of the hardest decisions when shopping for auto insurance is how high or low should comp and collision deductibles be. The data tables below can help you visualize the rate difference between high and low policy deductibles. The first pricing table uses a $250 physical damage coverage deductible and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $202 | $320 | $254 | $16 | $76 | $893 | $74 |
| Elantra Blue 4-Dr Sedan | $202 | $460 | $300 | $18 | $90 | $1,095 | $91 |
| Elantra GLS 4-Dr Sedan | $232 | $460 | $300 | $18 | $90 | $1,125 | $94 |
| Elantra SE 4-Dr Sedan | $232 | $460 | $300 | $18 | $90 | $1,125 | $94 |
| Elantra SE Touring Station Wagon | $232 | $390 | $254 | $16 | $76 | $993 | $83 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $164 | $258 | $254 | $16 | $76 | $768 | $64 |
| Elantra Blue 4-Dr Sedan | $164 | $370 | $300 | $18 | $90 | $942 | $79 |
| Elantra GLS 4-Dr Sedan | $188 | $370 | $300 | $18 | $90 | $966 | $81 |
| Elantra SE 4-Dr Sedan | $188 | $370 | $300 | $18 | $90 | $966 | $81 |
| Elantra SE Touring Station Wagon | $188 | $314 | $254 | $16 | $76 | $848 | $71 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Prices do not factor in specific Phoenix garaging location which can revise prices greatly.
Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you approximately $12 more each month or $144 each year than requesting the higher $500 deductible. Due to the fact that you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you usually have at least 21 months between claim filings, you would more than likely save some money if you elect the higher deductible.
Impact of speeding/accidents on auto insurance rates
The example below illustrates how traffic citations and accidents drive up Hyundai Elantra insurance premiums for different age categories. The costs are based on a single female driver, full coverage, $100 deductibles, and no discounts are applied.
Exclusive versus independent insurance agencies
Many drivers still prefer to visit with an insurance agent and that is a smart decision One of the benefits of getting online price quotes is that you can obtain better rates but also keep your business local. Putting coverage with local insurance agencies is definitely important in Phoenix.
By using this form (opens in new window), the coverage information is submitted to companies in Phoenix who can give free rate quotes for your coverage. You won’t need to search for an agent because quoted prices will be sent immediately to your email address. You’ll get the best rates and work with a local agent. If you need to get a rate quote from a specific insurance company, you just need to find their quoting web page and complete a quote there.
Is an exclusive or independent car insurance agent right for you?
If you prefer to buy insurance from local Phoenix agents, you must know there are a couple different types of agencies and how they differ in how they can insure your vehicles. Insurance agencies in Phoenix are categorized either independent or exclusive depending on the company they work for.
Independent Agencies or Brokers
Independent agents are not limited to a single company and that gives them the ability to insure through lots of different companies and help determine which has the cheapest rates. If premiums increase, your policy is moved internally and you can keep the same agent.
If you need lower rates, you need to contact a couple of independent agencies to get the best comparison.
Featured below are Phoenix independent insurance agents who can help you get free insurance quotes.
MiniCo Insurance Agency, LLC
10851 N Black Canyon Hwy #200 – Phoenix, AZ 85029 – (800) 528-1056 – View Map
Daniels Nicolson Insurance Agency, Inc
4411 N 19th Ave – Phoenix, AZ 85015 – (800) 972-1893 – View Map
UNO Insurance Agency
3510 E Bell Rd # 2 – Phoenix, AZ 85032 – (602) 493-2300 – View Map
Exclusive Insurance Agencies
Agents that elect to be exclusive can usually just insure with one company and examples are State Farm, Allstate, and Farm Bureau. These agents are not able to compare other company’s rates so it’s a take it or leave it situation. Exclusive insurance agents are well trained on the products they sell which helps them sell on service rather than price.
Shown below are Phoenix exclusive insurance agents who can help you get price quotes.
State Farm: Lynn Hennessy
4645 E Chandler Blvd #110 – Phoenix, AZ 85048 – (480) 759-0203 – View Map
Arly Sanchez – State Farm Insurance Agent
1625 N 51st Ave Ste 103 – Phoenix, AZ 85035 – (602) 455-2886 – View Map
Susan Cox – State Farm Insurance Agent
2715 W Northern Ave #110 – Phoenix, AZ 85051 – (602) 995-2821 – View Map
Selecting an car insurance agent requires more thought than just a low price. These are some valid questions you should ask.
- Which company do they place the most coverage with?
- Do they get extra compensation for selling add-on coverages?
- Do they have cheaper tiers of coverage?
- Do they regularly work with personal auto policies in Phoenix?
- Will the company cover a rental car if your car is getting fixed?
- Will their companies depreciate repairs to your car based on the mileage?
Upon receiving satisfactory answers to all your questions as well as a price you’re happy with, you have narrowed it down to an insurance agent that meets the requirements to properly service your insurance policy. Just remember you are entitled to cancel your coverage whenever you want so don’t feel that you’re stuck with a specific company indefinitely.
Affordable rates are available
Throughout this article, we presented many tips how you can lower your Hyundai Elantra insurance car insurance rates in Phoenix. The most important thing to understand is the more you quote Phoenix auto insurance, the higher the chance of saving money. You may even discover the most savings is with the smaller companies. These smaller insurers can often provide lower premium rates in certain areas as compared to the big name companies such as Allstate and Progressive.
When searching for affordable Hyundai Elantra insurance quotes, it’s very important that you do not skimp on critical coverages to save a buck or two. There are many occasions where an accident victim reduced physical damage coverage only to discover later that they should have had better coverage. The goal is to buy a smart amount of coverage at an affordable rate, but do not skimp to save money.
Other articles
- Teen Driver Statistics (Insurance Information Institute)
- Who Has Affordable Auto Insurance for a Honda Civic in Phoenix? (FAQ)
- How Much is Phoenix Auto Insurance for Drivers with a DUI? (FAQ)
- Who Has Cheap Car Insurance Quotes for First-time Drivers in Phoenix? (FAQ)
- Safe Vehicles for Teens (iihs.org)
- Car Insurance FAQ (Trusted Choice)
- Tools for Teen Driving Safety (State Farm)