Discount Hyundai Elantra insuranceHow many times have you told yourself to find more affordable Hyundai Elantra insurance in Baltimore? Finding cheaper insurance for a Hyundai Elantra in Maryland can turn out to be an all-consuming task, but you can learn our car insurance buying tips to make it easier. There are more efficient ways to compare car insurance rates and we'll show you the best way to quote coverages for your Hyundai and obtain the lowest possible price from both online companies and Baltimore agents.

Regrettably, nearly 70% of consumers kept buying from the same company for over three years, and nearly 40% of drivers have never taken the time to shop around. With the average car insurance premium being $1,490, Maryland drivers can cut their rates by about $800 a year just by getting comparison quotes, but they just don't want to compare rate quotes online.

It's a good habit to quote other rates before your next renewal because car insurance prices are constantly changing. Even if you think you had the best price on Hyundai Elantra insurance in Baltimore a year ago you may be paying too much now. There are lots of tips to save on Elantra insurance online, but in this article, you're going to get some good information on how to stop overpaying for insurance in Baltimore.

If you already have coverage or need new coverage, take advantage of these tips to reduce the price you pay and possibly find even better coverage. Finding and buying the best policy in Baltimore is not as hard as you think. Drivers just need to understand the tricks to buy insurance instantly.

Getting a cheaper price on insurance isn't really that difficult. All that's required is to invest a little time comparing free Baltimore auto insurance quotes online with multiple companies.

The following companies offer free rate quotes in Maryland. If the list has multiple companies, we recommend you visit two to three different companies in order to get a fair rate comparison.

Hyundai Elantra Insurance Cost Estimates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $298 $596 $418 $24 $126 $1,462 $122
Elantra Blue 4-Dr Sedan $234 $618 $382 $22 $114 $1,370 $114
Elantra GLS 4-Dr Sedan $270 $610 $426 $26 $128 $1,460 $122
Elantra SE 4-Dr Sedan $290 $502 $532 $32 $160 $1,516 $126
Elantra SE Touring Station Wagon $166 $342 $390 $24 $116 $1,038 $87
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Table data does not factor in specific location information which can increase or decrease auto insurance rates greatly.

How high should deductibles be?

One of the more difficult decisions when buying auto insurance is at what level do you set your deductibles. The data tables below can help you understand the cost difference when you select higher and lower coverage deductibles. The first rate estimation uses a $250 deductible for comp and collision and the second price chart uses a $500 deductible.

Hyundai Elantra insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $274 $434 $346 $20 $104 $1,203 $100
Elantra Blue 4-Dr Sedan $274 $624 $406 $24 $122 $1,475 $123
Elantra GLS 4-Dr Sedan $314 $624 $406 $24 $122 $1,515 $126
Elantra SE 4-Dr Sedan $314 $624 $406 $24 $122 $1,515 $126
Elantra SE Touring Station Wagon $314 $528 $346 $20 $104 $1,337 $111
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Hyundai Elantra insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $222 $350 $346 $20 $104 $1,042 $87
Elantra Blue 4-Dr Sedan $222 $502 $406 $24 $122 $1,276 $106
Elantra GLS 4-Dr Sedan $256 $502 $406 $24 $122 $1,310 $109
Elantra SE 4-Dr Sedan $256 $502 $406 $24 $122 $1,310 $109
Elantra SE Touring Station Wagon $256 $426 $346 $20 $104 $1,152 $96
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Price information does not factor in specific garaging location which can lower or raise price quotes greatly.

Based on the above data, using a $250 deductible will cost in the ballpark of $16 more each month or $192 a year than selecting the higher $500 deductible. Since you would pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 16 months between claim filings, you would more than likely save some money by going with a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $250 deductibles: $117
Average monthly premium for $500 deductibles (subtract): - $101
Monthly savings from raising deductible: $16
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $16
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

One thing to be aware of is that raising deductibles to save money means you will have to pay more out-of-pocket when you have a physical damage claim. It will be required that you have some savings in the event you have to pay the deductible for vehicle repair.

How much more does full coverage cost?

The illustration below examines Hyundai Elantra car insurance rates with and without physical damage coverage. The premium estimates are based on no claims, a clean driving record, $100 deductibles, married male driver, and no other discounts are factored in.

Are you wasting money paying for full coverage?

There is no definitive formula for eliminating full coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let's pretend your Hyundai Elantra book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $8,000 after the deductible is paid. If premium cost is more than $800 annually to have full coverage, then it might be time to buy liability only.

There are some conditions where only buying liability is not a good plan. If you still have a lienholder on your title, you have to keep full coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.

Choosing the best Hyundai Elantra insurance in Maryland is an important decision

Despite the high cost of buying insurance for a Hyundai Elantra in Baltimore, maintaining insurance serves a purpose in several ways.

First, almost all states have mandatory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability if you want to drive legally. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if your Hyundai Elantra has a lienholder, it's most likely the lender will stipulate that you buy full coverage to ensure loan repayment if the vehicle is totalled. If you let the policy lapse, the bank may insure your Hyundai at a much higher premium rate and force you to pay the higher price.

Third, insurance safeguards your car and your assets. Insurance will pay for hospital and medical expenses for yourself as well as anyone injured by you. Liability insurance also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to have it repaired.

The benefits of having insurance more than cancel out the cost, especially when you need to use it. In a recent study of 1,000 drivers, the average customer is wasting up to $865 each year so smart consumers compare quotes each time the policy renews to be sure current rates are still competitive.

You Can Change Your Insurance Premiums

Lots of things are considered when premium rates are determined. A few of the factors are predictable such as traffic violations, but other criteria are less obvious like where you live or your commute time. It's important that you understand a few of the rating criteria that help determine your auto insurance rates. When you know what positively or negatively determines premiums, this enables you to make decisions that may reward you with big savings.

Gender as a rate factor - Statistics show that men are more aggressive behind the wheel. This data doesn't prove that females are better at driving than males. Women and men tend to get into accidents at a similar rate, but the men cause more damage and cost insurance companies more money. They also get ticketed for serious violations like driving under the influence (DUI). Males from age 16 to 21 cause the most accidents and are penalized with high auto insurance rates.

Driving citations mean higher costs - Whether or not you get tickets can have a huge impact on auto insurance premiums. Having just one moving violation may cause rates to rise by as much as thirty percent. Drivers who don't get tickets tend to pay less for car insurance than bad drivers. Drivers who have gotten dangerous citations such as DUI or reckless driving may find they need to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to continue driving.

Cut prices and deter theft - Driving a car that has an advanced theft prevention system can save you some money. Theft deterrent systems like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder auto theft and help lower rates.

More policies can equal more savings - The majority of companies will give better rates to policyholders that have more than one policy, otherwise known as a multi-policy discount. Even with this discount, you may still want to check prices from other companies to guarantee you are still saving the most. Consumers may save more without the discount even if you insure with multiple companies

Safeguard your assets with liability protection - A critical coverage on your policy, liability insurance provides coverage when you are ruled to be at fault for personal injury or accident damage. Liability insurance provides for a legal defense which can be incredibly expensive. Liability insurance is quite affordable compared to other policy coverages, so insureds should have plenty of protection for their assets.

Save miles driven and save money - The higher the mileage driven each year the higher your rates will be. The majority of insurers charge to insure your cars based on their usage. Autos that have low annual miles receive better premium rates compared to those used for work or business. Verify your auto insurance declarations sheet properly reflects the right rating data, because it can save money. Improper usage on your Elantra can cost quite a bit.

Insurance loss data for Hyundai Elantra vehicles - Auto insurance companies take into consideration insurance loss statistics for every vehicle to determine a rate that will be profitable for them. Vehicles that the data shows to have a trend towards higher claim severity or frequency will have increased rates. The data below shows the insurance loss data used by companies for Hyundai Elantra vehicles.

For each type of coverage, the statistical loss for all vehicles, regardless of make or model, is equal to 100. Percentages below 100 imply a favorable loss record, while percentage values above 100 indicate frequent claims or tendancy to have larger claims.

Hyundai Elantra Insurance Loss Statistics

Vehicle 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
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

Discounts for cheaper car insurance rates

Companies do not list every available discount very well, so the below list has a few of the more common and also the lesser-known ways to save on car insurance.Discount car insurance

Just know that most credits do not apply the the whole policy. Most only reduce the cost of specific coverages such as collision or personal injury protection. So when it seems like adding up those discounts means a free policy, that's just not realistic.

Some companies that have most of the discounts above are:

Before purchasing a policy, check with every prospective company which discounts they offer. Some discounts might not be offered on policies everywhere. To locate insurance companies with discount car insurance rates in Maryland, click here.

Insurance agents can help

Many people still prefer to sit down with an agent and that is not a bad decision Professional insurance agents are highly skilled in risk management and help submit paperwork. A good thing about comparing insurance online is the fact that drivers can get better rates but still work with a licensed agent.

Find insurance agent in BaltimoreAfter filling out this simple form, your information is sent to companies in Baltimore who will return price quotes for your coverage. It makes it easy because there is no need to even leave your home since rate quotes are delivered instantly to you. If for some reason you want to compare rates from a specific insurance provider, you just need to go to their quote page and fill out the quote form the provide.

Finding a good company requires you to look at more than just the price. You should also get answers to these questions.

Two types of auto insurance agents

If you would like to find a reputable insurance agent or broker, it can be helpful to understand the different types of agencies and how they are slightly different. Agencies in Baltimore may be either independent or exclusive. Both types can sell insurance policies, but it's worth mentioning the difference in how they write coverage since it can impact buying decisions.

Exclusive Insurance Agencies

These agents can only provide one company's prices such as Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot provide other company's prices so always compare other rates. Exclusive agents are well schooled on their company's products which helps them compete with independent agents. A lot of people use the same exclusive agent mostly because of loyalty to the company and the convenience of having a single billing for all their coverages.

Shown below is a list of exclusive insurance agents in Baltimore that can give you rate quotes.

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Independent Agents

Independent agencies do not write with just one company and that allows them to write policies with lots of companies and find the cheapest rate. If they find a cheaper price, they simply move your policy to a different company which requires no work on your part. If you need lower rates, you definitely need to include a couple of independent agencies for the best price selection. A lot of them also have access to different regional companies which may provide better rates.

Below are independent agents in Baltimore willing to provide price quote information.

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Frequent quotes can save

Drivers switch companies for any number of reasons including policy non-renewal, poor customer service, denial of a claim or even questionable increases in premium. It doesn't matter why you want to switch finding a great new company is not as difficult as it may seem.

Cheaper car insurance in Baltimore is available both online and from local agencies, so you need to quote Baltimore auto insurance with both to have the best rate selection. Some insurance companies may not have price quotes online and many times these small insurance companies only sell coverage through independent agents.

When searching for cheaper Baltimore auto insurance quotes, you should never skimp on coverage in order to save money. In many cases, drivers have reduced full coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. The goal is to purchase plenty of coverage at an affordable rate while not skimping on critical coverages.

Much more information about car insurance in Maryland can be found at the links below