How to Save on Hyundai Elantra Insurance in Cincinnati

Would you like to save money by finding more competitive Hyundai Elantra insurance in Cincinnati? Do you think you bought an under-performing, overpriced auto insurance policy? Believe me, there are many people just like you.

Discount Hyundai Elantra insuranceAnyone knows that insurance companies want to keep you from comparing prices. Drivers who compare price quotes will most likely switch to a new company because the odds are good of finding discount prices. A recent auto insurance study revealed that drivers who faithfully checked for cheaper rates saved over $850 each year compared to policyholders who don’t make a habit of comparing rates.

If finding discount rates on Hyundai Elantra insurance in Cincinnati is why you’re here, then having some insight into how to find and compare cheaper coverage can help make the process easier.

Steps to finding more affordable Hyundai Elantra insurance in Cincinnati

The best way we recommend to get discount auto insurance rates is to regularly compare prices from different companies that sell auto insurance in Cincinnati. Rate comparisons can be done by following these steps.

Step 1: It will benefit you to learn about how auto insurance works and the factors you can control to keep rates in check. Many factors that result in higher rates such as accidents, traffic tickets, and an unfavorable credit rating can be improved by making minor changes in your lifestyle.

Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from one company like Progressive or Allstate, while agents who are independent can quote rates for a wide range of insurance providers.

Step 3: Compare the price quotes to the premium of your current policy and see if there is a cheaper rate in Cincinnati. If you find a better price and buy the policy, ensure coverage does not lapse between policies.

Step 4: Tell your current agent or company of your intention to cancel your current auto insurance policy. Submit the signed application along with the required initial payment for your new coverage. Make sure you store the certificate verifying proof of insurance in your glove compartment.

An important note is to compare the same amount of coverage on each quote request and and to compare as many car insurance companies as possible. Doing this provides the most accurate price comparison and a better comparison of the market.

Numerous insurance companies battle for your insurance dollar, so it’s not easy to compare every insurance company to get the best price available on Hyundai Elantra insurance in Cincinnati.

It’s smart to take a look at other company’s rates occasionally because insurance prices tend to go up over time. Despite the fact that you may have had the lowest rates on Hyundai Elantra insurance in Cincinnati two years ago the chances are good that you can find a lower premium rate today. Forget all the misinformation about auto insurance because you’re going to get a crash course in the fastest way to reduce your cost while increasing coverage.

If you are already insured, you will be able to get lower rates using these techniques. Buying the cheapest auto insurance in Cincinnati is really quite easy. But Ohio vehicle owners can benefit from knowing the way insurance companies market insurance on the web because rates fluctuate considerably.

Just remember that comparing a wide range of rates provides better odds of finding lower pricing. Some companies don’t provide online Cincinnati Elantra insurance quotes, so you also need to get rates from those companies as well.

The following companies are our best choices to provide comparison quotes in Cincinnati, OH. If your goal is to find cheap car insurance in Ohio, we suggest you get rates from several of them to get the best price comparison.

Coverage information

The data table displayed next highlights estimates of prices for Hyundai Elantra models. Having insight into how insurance quotes are calculated is important for you to make smart choices when comparing insurance quotes.

Hyundai Elantra Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $118 $202 $182 $10 $54 $566 $47
Elantra Blue 4-Dr Sedan $118 $288 $214 $12 $64 $696 $58
Elantra GLS 4-Dr Sedan $136 $288 $214 $12 $64 $714 $60
Elantra SE 4-Dr Sedan $136 $288 $214 $12 $64 $714 $60
Elantra SE Touring Station Wagon $136 $246 $182 $10 $54 $628 $52
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Premium costs do not factor in your specific Cincinnati location which can influence coverage prices greatly.

Should you raise deductibles?

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 may help you to understand the rate differences when you choose different deductibles. The first data set uses a $250 deductible for comp and collision and the second pricing table uses a $1,000 deductible.

Hyundai Elantra insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $152 $242 $192 $12 $58 $681 $57
Elantra Blue 4-Dr Sedan $152 $348 $226 $14 $68 $833 $69
Elantra GLS 4-Dr Sedan $176 $348 $226 $14 $68 $857 $71
Elantra SE 4-Dr Sedan $176 $348 $226 $14 $68 $857 $71
Elantra SE Touring Station Wagon $176 $296 $192 $12 $58 $759 $63
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Hyundai Elantra insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $94 $152 $192 $12 $58 $508 $42
Elantra Blue 4-Dr Sedan $94 $220 $226 $14 $68 $622 $52
Elantra GLS 4-Dr Sedan $108 $220 $226 $14 $68 $636 $53
Elantra SE 4-Dr Sedan $108 $220 $226 $14 $68 $636 $53
Elantra SE Touring Station Wagon $108 $186 $192 $12 $58 $556 $46
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate information does not factor in specific Cincinnati garaging location which can decrease or increase coverage rates greatly.

Using the data above, we can ascertain that using a $250 deductible costs an average of $17 more each month or $204 for a full year than opting for the higher $1,000 deductible. Because you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 44 months between claims, you would save money by selecting a higher deductible.

How to determine when to raise deductibles

Average monthly premium for $250 deductibles: $66
Average monthly premium for $1,000 deductibles (subtract): – $49
Monthly savings from raising deductible: $17
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 44 months

One thing to be aware of is that raising deductibles to get cheaper rates results in a higher out-of-pocket expense when you do file a claim. That will require enough extra savings in the event you have to pay the higher deductible in order to repair your vehicle.

The chart below demonstrates how choosing different deductibles and can impact Hyundai Elantra insurance costs for each age group. The price estimates are based on a single male driver, comp and collision included, and no policy discounts are applied.

Yearly auto insurance costs for men versus women

The chart below shows the comparison of Hyundai Elantra premium costs for male and female drivers. The data assumes a clean driving record, no claims, full physical damage coverage, $250 deductibles, single marital status, and no policy discounts are applied.

How much more does full coverage cost?

The chart below visualizes the comparison of Hyundai Elantra insurance prices with and without full coverage. The premium estimates are based on no claims or driving citations, $100 deductibles, single status, and no discounts are factored in.

Are you wasting money paying for full coverage?

There is no written rule for phasing out comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s assume your Hyundai Elantra replacement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $6,000 after paying the physical damage deductible. If you are currently paying more than $600 annually to have full coverage, then it may be the right time to buy liability only.

There are some cases where removing full coverage is not recommended. If you still owe money on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Informed Drivers Can Reduce Their Insurance Rates

One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that help calculate the level of your policy premiums. When you know what positively or negatively influences your rates, this enables you to make decisions that can earn you better auto insurance rates. Many things are used when premium rates are determined. Some are obvious like a motor vehicle report, but some are not quite as obvious like your continuous coverage or your commute time.

Protect more than your vehicle

Even though it’s not necessarily cheap to insure a Hyundai in Cincinnati, maintaining insurance serves several important purposes.

The benefits of having car insurance more than cancel out the cost, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $825 a year so compare quotes from several companies once a year at a minimum to save money.

How to find a good Cincinnati auto insurance company

Picking a high-quality insurance company can be a challenge considering how many companies there are to choose from in Cincinnati. The ranking data shown below could help you select which providers you want to consider purchasing a policy from.

Top 10 Cincinnati Car Insurance Companies Overall

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family

Top 10 Cincinnati Car Insurance Companies by A.M. Best Rank

  1. USAA – A++
  2. GEICO – A++
  3. Travelers – A++
  4. State Farm – A++
  5. Allstate – A+
  6. Progressive – A+
  7. Erie Insurance – A+
  8. The Hartford – A+
  9. Nationwide – A+
  10. Esurance – A+