Hyundai Elantra Insurance Rates in Henderson

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Amazingly, a recent study showed that a large majority of drivers kept buying from the same company for at least four years, and about 40% of consumers have never quoted rates to find affordable coverage. Most drivers in Henderson can cut their rates by almost 35% a year by just shopping around, but they just assume it's a time-consuming process to find affordable insurance by shopping around.

Insurance for Hyundai ElantraIf your goal is the lowest price, then the best way to save on auto insurance rates is to compare quotes once a year from companies who sell auto insurance in Henderson. You can compare prices by following these steps.

  • First, read and learn about how car insurance works and the factors you can control to lower rates. Many risk factors that result in higher prices such as accidents, traffic tickets, and a lousy credit rating can be improved by being financially responsible and driving safely. Later in this article we will cover additional tips to help keep rates affordable and get discounts that may be overlooked.
  • Second, quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from one company like Progressive or Farmers Insurance, while independent agencies can give you price quotes for a wide range of insurance providers.
  • Third, compare the price quotes to your current policy premium to see if a cheaper price is available. If you find a better price and decide to switch, ensure there is no coverage lapse between policies.
  • Fourth, provide notification to your current agent or company of your decision to cancel your current auto insurance policy. Submit any necessary down payment along with the completed application to the new company. Once received, put the proof of insurance paperwork with your vehicle's registration.

The most important part of shopping around is to make sure you're comparing the same deductibles and limits on every quote request and and to compare as many different insurance providers as possible. This guarantees an apples-to-apples comparison and the best rate selection.

It's important to know that making a lot of price comparisons increases your odds of finding the best price.

The providers in the list below offer quotes in Nevada. If multiple companies are listed, we recommend you get prices from several of them to get the best price comparison.

Coverage analysis

The information displayed below outlines different policy rates for Hyundai Elantra models. Understanding more about how auto insurance prices are determined can help you make smart buying decisions.

Hyundai Elantra Insurance Rates in Henderson, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $180 $334 $252 $14 $76 $856 $71
Elantra Blue 4-Dr Sedan $180 $480 $296 $18 $88 $1,062 $89
Elantra GLS 4-Dr Sedan $206 $480 $296 $18 $88 $1,088 $91
Elantra SE 4-Dr Sedan $206 $480 $296 $18 $88 $1,088 $91
Elantra SE Touring Station Wagon $206 $408 $252 $14 $76 $956 $80
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Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Premium costs do not factor in vehicle garaging location which can alter price quotes substantially.

Analysis of deductible levels

When shopping for insurance, a common question is how high or low should comp and collision deductibles be. The following tables can help show the costs and benefits when you buy lower versus higher physical damage coverage deductibles. The first data table uses a $250 deductible and the second pricing table uses a $1,000 deductible.

Hyundai Elantra insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $208 $330 $262 $16 $78 $919 $77
Elantra Blue 4-Dr Sedan $208 $472 $308 $18 $92 $1,123 $94
Elantra GLS 4-Dr Sedan $238 $472 $308 $18 $92 $1,153 $96
Elantra SE 4-Dr Sedan $238 $472 $308 $18 $92 $1,153 $96
Elantra SE Touring Station Wagon $238 $402 $262 $16 $78 $1,021 $85
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Hyundai Elantra insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $128 $208 $262 $16 $78 $692 $58
Elantra Blue 4-Dr Sedan $128 $298 $308 $18 $92 $844 $70
Elantra GLS 4-Dr Sedan $148 $298 $308 $18 $92 $864 $72
Elantra SE 4-Dr Sedan $148 $298 $308 $18 $92 $864 $72
Elantra SE Touring Station Wagon $148 $252 $262 $16 $78 $756 $63
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Table data does not factor in specific garaging location which can impact prices greatly.

Based on this data, using a $250 deductible will cost you about $23 more each month or $276 annually than requesting the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average more than 33 months between claims, you would most likely save money if you choose a higher deductible.

Drive safe and save

The chart below demonstrates how speeding tickets and accident claims can raise Hyundai Elantra car insurance rates for each age group. The costs are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.

Gender differences in insurance premiums

The information below compares Hyundai Elantra yearly insurance costs for male and female drivers. The premiums are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, marital status is single, and no discounts are applied.

Rate comparison of full coverage and liability-only

The information below shows the comparison of Hyundai Elantra insurance prices with full physical damage coverage compared to only buying liability only. The data is based on no claims, a clean driving record, $100 deductibles, drivers are single, and no policy discounts are applied.

Guidelines for dropping full coverage

There is no specific rule for excluding comp and collision coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of the vehicle's replacement cost less your deductible, then it could be time to drop full coverage.

For example, let's say your Hyundai Elantra replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after the deductible is paid. If it's costing you more than $700 annually for full coverage, then you may need to consider dropping full coverage.

There are some cases where dropping full coverage is not financially feasible. If you still have a loan on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not opt for liability only.

Lower Your Henderson Insurance Costs

The best way to find cheaper insurance is to take a look at some of the elements that play a part in calculating your policy premiums. When consumers understand what determines base rates, this empowers consumers to make smart changes that can earn you better insurance rates. Many factors are taken into consideration when premium rates are determined. Some factors are common sense such as traffic violations, but some are not quite as obvious such as your credit history or how safe your car is.

The factors shown below are most of the major factors utilized by car insurance companies to help set your rates.

  • Only buy add-on coverages you need - There are a lot of extra coverages that may not really be needed but may not be useful. Coverages for personal injury protection, death and dismemberment, and additional equipment coverage are examples of these. They may sound like good ideas at first, but your needs may have changed so remove them and pocket the money.
  • You may save more by consolidating policies - Most larger insurers will award a discount to buyers that have more than one policy. It's known as a multi-policy discount. Even though this discount sounds good, it's always a smart idea to comparison shop to help guarantee you have the best rates. Consumers may find better rates by splitting coverages up.
  • Always keep your coverage in force - Driving without insurance is not a good idea and you will pay a penalty because you let your insurance coverage expire. In addition to paying higher premiums, the inability to provide proof of insurance could result in a hefty fine and possibly a revoked license.
  • What type of car do you drive? - The performance of the car or truck you own makes a big difference in your auto insurance rates. Economy passenger cars receive the most favorable rates, but your final cost has many other factors.

    The chart below uses these assumptions: married male driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Hyundai Elantra rates compared to other models that have a range of performance rating factors.

  • Vehicles with better crash test results means cheaper insurance - Vehicles that have high safety ratings get lower rates. Highly rated vehicles reduce the chance of injuries and fewer serious injuries translates into savings for insurance companies which can mean better rates for you.
  • Insurance loss statistics a Hyundai Elantra - Insurers use historical loss data as a way to help calculate a profitable premium price. Vehicles that tend to have higher loss trends will cost more to insure.

    The table below demonstrates the insurance loss data used by companies for Hyundai Elantra vehicles. For each coverage category, the claim amount for all vehicles combined as an average equals 100. Numbers under 100 suggest a better than average loss history, while values that are above 100 indicate higher probability of having a loss or an increased chance of larger losses than average.

    Insurance Loss Ratings for Hyundai Elantra Vehicles
    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

    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Protect your Hyundai Elantra and other assets

Even though it's not necessarily cheap to insure a Hyundai in Henderson, insurance is required by state law in Nevada and it also provides benefits you may not be aware of.

  • Most states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific limits of liability insurance in order to license the vehicle. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you took out a loan on your Elantra, it's most likely the lender will stipulate that you buy insurance to guarantee payment of the loan. If you do not keep the policy in force, the lender will be forced to insure your Hyundai at a much higher premium rate and require you to pay much more than you were paying before.
  • Insurance safeguards both your Hyundai and your assets. It will also cover medical expenses incurred in an accident. Liability coverage also covers legal expenses if anyone sues you for causing an accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of buying enough insurance definitely exceed the price paid, particularly for liability claims. Today the average American driver overpays as much as $700 annually so compare rate quotes each time the policy renews to ensure rates are inline.

Henderson auto insurance companies ranked

Insuring your vehicle with a good quality car insurance company is difficult considering how many choices there are in Henderson. The rank data displayed below could help you select which car insurance companies to look at purchasing from.

Top 10 Henderson Car Insurance Companies Ranked by Customer Service

  1. GEICO
  2. State Farm
  3. The Hartford
  4. Mercury Insurance
  5. The General
  6. Progressive
  7. Allstate
  8. AAA Insurance
  9. American Family
  10. Nationwide