Cheapest Quotes for Hyundai Elantra Insurance in Toledo

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Insurance rates Hyundai Elantra in ToledoHow long have you put off shopping around for more affordable auto insurance rates in Toledo, OH? Toledo consumers have lots of choices when looking for the best price on Hyundai Elantra insurance. They can either waste time driving around to compare prices or save time using the internet to compare rates. There are both good and bad ways to buy auto insurance so you're going to learn the absolute fastest way to price shop coverage on a Hyundai and locate the best price possible either online or from Toledo insurance agents.

The car insurance companies shown below have been selected to offer free rate quotes in Ohio. If multiple companies are listed, we suggest you visit as many as you can to get a more complete price comparison.

Discount Toledo auto insurance rates

Insurance can cost an arm and a leg, but you can get discounts that you may not even know about. Certain reductions will be credited at the time of purchase, but some discounts are required to be specially asked for before being credited.Save money with discounts

  • Cautious Driver Discounts - Insureds who avoid accidents may save up to 50% more compared to rates paid by drivers with frequent claims.
  • Driver Training Discounts - Taking a course that instructs on driving safety could cut 5% off your bill depending on where you live.
  • Payment Method - By making one initial payment instead of making monthly payments you could save 5% or more.
  • Own a Home and Save - Just being a homeowner may earn you a small savings since home ownership demonstrates responsibility.
  • No Claim Discounts - Drivers with accident-free driving histories have much lower rates in comparison with insureds who have frequent claims or accidents.
  • ABS Braking Discount - Cars and trucks equipped with ABS or steering control have fewer accidents and qualify for as much as a 10% discount.
  • Use Seat Belts - Buckling up and requiring all passengers to use their safety belts can save up to 15% off the medical payments premium.
  • Bundled Policy Discount - If you insure your home and vehicles and insure them both with the same insurance company they may give you a discount of up to 20% off your total Elantra insurance premium.
  • Discount for Passive Restraints - Factory air bags may earn rate discounts up to 30%.

Discounts reduce rates, but you should keep in mind that most credits do not apply to all coverage premiums. Most only cut specific coverage prices like physical damage coverage or medical payments. So when it seems like you would end up receiving a 100% discount, it doesn't quite work that way. Any amount of discount will bring down the cost of coverage.

The chart below shows the comparison of Hyundai Elantra premium costs with and without discounts applied to the rates. The costs are based on a male driver, no claims or violations, Ohio state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-policy, multi-car, marriage, and claim-free discounts applied.

Insurance companies who may offer most of the discounts above possibly include:

If you want affordable Toledo auto insurance quotes, ask all companies you are considering to give you their best rates. A few discounts may not be offered in Toledo. To locate auto insurance companies with significant discounts in Toledo, click here.

Hyundai Elantra insurance coverage information

The premium table displayed next highlights estimates of insurance rates for Hyundai Elantra models. Having a better idea how insurance quotes are calculated can be useful when making smart choices when buying a policy.

Hyundai Elantra Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $132 $250 $218 $12 $66 $678 $57
Elantra Blue 4-Dr Sedan $132 $358 $256 $16 $76 $838 $70
Elantra GLS 4-Dr Sedan $150 $358 $256 $16 $76 $856 $71
Elantra SE 4-Dr Sedan $150 $358 $256 $16 $76 $856 $71
Elantra SE Touring Station Wagon $150 $304 $218 $12 $66 $750 $63
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Information does not factor in vehicle garaging location which can lower or raise prices considerably.

Physical damage deductibles: Should you raise them?

One of the hardest decisions when shopping for insurance is how high should the physical damage coverage deductibles be. The following tables approximate the rate fluctuation of buying low and high coverage deductibles. The first set of prices uses a $100 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

Hyundai Elantra insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $170 $290 $192 $12 $58 $747 $62
Elantra Blue 4-Dr Sedan $170 $416 $226 $14 $68 $919 $77
Elantra GLS 4-Dr Sedan $196 $416 $226 $14 $68 $945 $79
Elantra SE 4-Dr Sedan $196 $416 $226 $14 $68 $945 $79
Elantra SE Touring Station Wagon $196 $352 $192 $12 $58 $835 $70
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Hyundai Elantra insurance policy rates 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
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Premium costs do not factor in garaging location in Toledo which can alter insurance rates greatly.

We can estimate from the data above that using a $100 deductible costs about $24 more each month or $288 every year than selecting the higher $1,000 deductible. Because you would be required to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to go at a minimum 38 months between claims, you would probably be better off if you elect the higher deductible. Below is how we made this calculation.

Average monthly premium for $100 deductibles: $73
Average monthly premium for $1,000 deductibles (subtract): - $49
Monthly savings from raising deductible: $24
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 38 months

Tickets and at-fault accidents raise rates

The information below highlights how speeding tickets and accident claims can drive up Hyundai Elantra auto insurance costs for different ages of insureds. The premiums assume a married female driver, comp and collision included, $100 deductibles, and no discounts are applied.

Why You Might Pay Increased Rates in Toledo

Smart consumers have a good feel for some of the things that aid in calculating your policy premiums. When you know what positively or negatively controls the rates you pay, this enables you to make decisions that may result in lower rates.

  • Deter car thieves - Driving a car with advanced anti-theft systems can save you a little every year. Anti-theft features such as OnStar, LoJack tracking, and tamper alarms all help stop your vehicle from being stolen.
  • Vehicle risk influences premiums - The make and model of the car or truck you are buying insurance for makes a significant difference in the rate you pay. Small economy passenger cars receive the most favorable rates, but other factors influence the final cost greatly.

    The next chart uses these assumptions: single male driver age 20, full coverage with $500 deductibles, and no discounts or violations. It compares Hyundai Elantra insurance rates compared to other models of vehicles that have different risk factors.

  • Where you live plays a part - Having an address in smaller towns and rural areas of the country can be a good thing when buying insurance. Drivers in populated areas regularly have more road rage incidents and longer commute times. Fewer drivers on the road means fewer accidents as well as less vandalism and auto theft.
  • Extra policy coverages can cost a lot - There are a lot of additional extra coverages that can add up if you don't pay attention. Things like rental car reimbursement, better glass coverage, and extra life insurance coverage could be just wasting money. These may sound like a good investment when deciding what coverages you need, but your needs may have changed so eliminate them to save money.
  • Hyundai Elantra insurance loss data - Insurance companies factor in historical loss data to help determine the rate you pay. Models that have a trend towards higher claim severity or frequency will cost more to insure.

    The table below illustrates the insurance loss data for Hyundai Elantra vehicles. For each policy coverage type, the claim probability for all vehicles, regardless of make or model, is represented as 100. Values that are below 100 suggest a positive loss record, while numbers above 100 show a trend for more claims or tendency to have higher losses.

    Insurance Loss Ratings for Hyundai Elantra Vehicles
    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

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

Independent versus exclusive insurance agents

A lot of people still prefer to visit with an insurance agent and there is nothing wrong with that. Good agents can help you build your policy and help submit paperwork. One of the benefits of getting free rate quotes online is the fact that you can find cheap auto insurance rates but still work with a licensed agent.

To find an agent, once you fill out this form (opens in new window), the quote information is instantly submitted to local insurance agents who want to provide quotes for your insurance coverage. It simplifies rate comparisons since you won't have to visit any agencies as quotes are delivered to you. If you wish to compare prices from a particular provider, you just need to find their quoting web page and give them your coverage information.

Finding the right provider should depend on more than just the bottom line cost. You should also get answers to these questions.

  • Does the company have a local claim office in Toledo?
  • Does the agent have professional designations like CIC, CPCU or AIC?
  • What is the financial rating for the quoted company?
  • How long has their agency been in business in Toledo?
  • Are they giving you every discount you deserve?

Exclusive or Independent: There is a difference

If you are wanting to find a good insurance agency, it's important to understand the types of agencies and how they can write your policy. Auto insurance policy providers can be categorized as either independent agents or exclusive agents. Both can insure your vehicles, but it's important to point out how they differ because it can factor into your selection of an agent.

Exclusive Insurance Agencies

Agents that choose to be exclusive can only provide one company's prices and some examples include American Family, State Farm, and AAA. They are unable to place coverage with different providers so you might not find the best rates. Exclusive agencies are trained well on sales techniques which helps overcome the inability to quote other rates. Consumers often buy from the same agent for years partially due to the brand legacy instead of buying on price only.

Listed below are exclusive agents in Toledo who can help you get rate quotes.

More insurance agents

Independent Agents

Agents in the independent channel can sell policies from many different companies so they can write business amongst many companies and get the cheapest rates. If you are not satisfied with one company, they simply move your policy to a different company and you won't have to switch agencies.

If you need cheaper auto insurance rates, you absolutely need to include a few independent agents so that you have a good selection of quotes to compare. Many write coverage with companies that do not advertise much which can save you money.

Shown below are Toledo independent agents that are able to give comparison quotes.

More insurance agents

If you feel you receive satisfactory answers to all your questions as well as inexpensive Hyundai Elantra insurance in Toledo quotes, it's possible that you found a car insurance agent that will insure your vehicles.

How to find a good Toledo car insurance company

Finding the right insurance company can be challenging considering how many different insurance companies sell coverage in Ohio. The rank data shown next may help you analyze which auto insurers to look at when comparing rate quotes.

Top 10 Toledo Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA - 92%
  2. Erie Insurance - 88%
  3. American Family - 88%
  4. State Farm - 88%
  5. Nationwide - 88%
  6. 21st Century - 88%
  7. AAA Insurance - 87%
  8. Liberty Mutual - 87%
  9. Farmers Insurance - 87%
  10. The Hartford - 87%

Top 10 Toledo 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

Quote more and you will save more

When trying to cut insurance costs, it's a bad idea to reduce coverage to reduce premium. There are too many instances where someone dropped uninsured motorist or liability limits only to regret that the savings was not a smart move. The ultimate goal is to buy the best coverage you can find at the lowest possible cost, but do not sacrifice coverage to save money.

You just read quite a bit of information on how to get a better price on Hyundai Elantra insurance in Toledo. The key thing to remember is the more rate quotes you have, the better your chances of lowering your rates. Consumers may even find the best prices are with a company that doesn't do a lot of advertising.

Low-cost Hyundai Elantra insurance in Toledo is possible both online as well as from insurance agents, so get free Toledo auto insurance quotes from both of them in order to have the best price selection to choose from. Some insurance companies may not provide rate quotes online and these small, regional companies provide coverage only through independent insurance agents.

How to buy cheaper Hyundai Elantra insurance in Toledo

If your goal is the lowest price, then the best way to save money on car insurance rates in Toledo is to compare prices at least once a year from companies who provide car insurance in Ohio.

First, try to understand how auto insurance works and the factors you can control to prevent high rates. Many risk factors that result in higher rates such as getting speeding tickets and poor credit rating can be eliminated by being financially responsible and driving safely.

Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive and State Farm, while independent agencies can give you price quotes for many different companies.

Third, compare the new rate quotes to your current policy premium to determine if you can save on Elantra insurance in Toledo. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.

Fourth, provide notification to your current company of your decision to cancel the current policy and submit a down payment and signed policy application to your new carrier. As soon as coverage is bound, safely store the certificate verifying coverage in a readily accessible location in your vehicle.

A good piece of advice is that you'll want to compare the same physical damage deductibles and liability limits on every quote request and and to get quotes from as many carriers as you can. Doing this helps ensure a fair price comparison and the best rate selection.

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