Best Rates for Hyundai Elantra Insurance in San Francisco

Feeling guilty for buying an expensive car insurance policy? Don’t sweat it because there are lots of people in the same boat.

Astonishing but true according to a recent study, almost 70% of insureds kept buying from the same company for well over three years, and roughly 40% of drivers have never compared car insurance rates at all. Consumers in California can save hundreds of dollars each year, but they just assume it’s a time-consuming process to find lower-cost car insurance rates. Multiple insurance companies compete to insure your vehicles, and it can be difficult to compare rates and get the best coverage at the lowest rate on Hyundai Elantra insurance in San Francisco.

The quickest way to compare insurance rates from multiple companies is to know most of the bigger providers will pay a fee to compare their rates. The only thing you need to do is provide a little information including daily mileage, if the vehicle is leased, driver details, and how your vehicles are used. Your details is instantly sent to insurance carriers in your area and you should receive rate quotes with very little delay.

If you would like to start a quote now, click here and complete the form.

The providers in the list below offer quotes in San Francisco, CA. If multiple providers are shown, we suggest you compare several of them to get a more complete price comparison.

Rates and information analytics

The coverage information shown next showcases different insurance premium costs for Hyundai Elantra models. Learning more about how policy rates are figured can be useful when making smart choices when purchasing an insurance policy.

Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Table data does not factor in specific location information which can impact premiums greatly.

Insurance deductibles

When buying insurance, a common question is what deductibles to buy. The following tables can help show the differences in price of buying low and high policy deductibles. The first set of prices uses a $100 deductible and the second rate table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Premium amounts do not factor in specific zip code location which can alter rates greatly.

We can derive from the above data that using a $100 deductible costs roughly $29 more each month or $348 each year averaged for all Elantra models than buying the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average more than 14 months between claim filings, you would probably come out ahead if you opt for a higher deductible. Here is a better example of how this calculation is made.

One thing to be aware of is that higher deductibles means you pay more out-of-pocket when you have a claim. It will be required that you have enough savings in the event you have to pay the higher deductible in order to repair your vehicle.

The information below highlights how deductible choice and can impact Hyundai Elantra insurance costs for different categories of driver ages. The prices are based on a married female driver, full physical damage coverage, and no additional discounts are factored in.

Bad driving habits will cost you more

The example below demonstrates how citations and at-fault collisions raise Hyundai Elantra auto insurance costs for different categories of driver ages. The data is based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.

Do you need full coverage?

The example below visualizes the comparison of Hyundai Elantra car insurance rates with and without full coverage. The premiums are based on no tickets, no at-fault accidents, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

When to eliminate full coverage

There is no set guideline of when to stop paying for physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Hyundai Elantra book value is $7,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $6,000 after paying your policy deductible. If you are paying over $600 a year to have full coverage, then you might want to consider buying only liability coverage.

There are some conditions where buying only liability insurance is not a good idea. If you have an outstanding loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.

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

Even though San Francisco Elantra insurance rates can get expensive, buying car insurance is required by state law in California and it also provides benefits you may not be aware of.

• Just about all states have mandatory liability insurance requirements which means you are required to carry a minimum amount of liability insurance if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If you took out a loan on your Hyundai, most lenders will make it a condition of the loan that you buy insurance to guarantee payment of the loan. If you let the policy lapse, the lender will be forced to insure your Hyundai for a lot more money and require you to pay for it.
• Insurance safeguards both your car and your assets. It will also provide coverage for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability coverage also covers legal expenses if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of having car insurance are definitely more than the cost, especially with large liability claims. Today the average American driver is overpaying over $830 a year so it’s very important to do a rate comparison once a year at a minimum to ensure rates are competitive.

How Insurance Companies Determine Hyundai Elantra Insurance Rates

Multiple criteria are considered when pricing auto insurance. Some are obvious such as your driving record, but some are not as apparent like where you live or your financial responsibility. Consumers need to have an understanding of some of the elements that help determine the rates you pay for auto insurance. When consumers understand what determines premiums, this empowers consumers to make smart changes that may reward you with big savings.

• Use but don’t abuse your insurance – Auto insurance companies in California give lower rates to insureds who do not rely on their insurance for small claims. If you tend to file frequent claims, you can expect either higher rates or even cancellation. Your insurance policy is intended for the bigger claims that can’t be paid out-of-pocket.
• How do annual miles impact premiums? – The more you drive in a year the more you will pay for auto insurance. Most insurance companies charge to insure your cars determined by how the vehicle is used. Cars that sit idle most of the time get more affordable rates compared to those used for work or business. It’s a smart idea to ensure your auto insurance policy properly reflects the correct driver usage. Having an incorrect usage rating on your Elantra can result in significantly higher rates.
• Your address can modify costs – Choosing to live in a rural area can save you money when shopping for auto insurance. Drivers in populated areas tend to have more aggressive driving styles and higher rates of accident claims. Fewer drivers on the road means a lower chance of having an accident as well as less vandalism and auto theft.
• Vehicle theft costs us all – Driving a car with an alarm system can help lower your rates. Anti-theft devices like vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent vehicle theft.
• Amount of liability coverage – Your policy’s liability coverage kicks in in the event that a court rules you are at fault for physical damage or personal injury to other. Your liability coverage provides legal defense to attempt to prove you were not liable. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.

• Are you male or female? – Statistics have proven women are more cautious behind the wheel. However, this does not mean women are BETTER drivers than men. They both are responsible for auto accidents in similar percentages, but the male of the species cause more damage. Men also tend to get cited for more serious violations such as DWI and reckless driving.

  The illustration below compares Hyundai Elantra annual premium costs for male and female drivers. The premiums assume no claims or violations, full physical damage coverage, $100 deductibles, single status, and no other discounts are factored in.

• Pay more for higher performance vehicles – The make and model of the vehicle you drive makes a big difference in how high your rates are. The lowest premiums are generally reserved for lower cost passenger cars, but other factors influence the final cost greatly.

  The following data uses these assumptions: married female driver age 40, full coverage with $500 deductibles, and no discounts or violations. The chart compares Hyundai Elantra policy rates compared to other vehicles that have a range of performances.

• Insurance losses for a Hyundai Elantra – Companies analyze past claim statistics as a tool for profitable underwriting. Vehicles that the data shows to have a higher amount or frequency of claims will have a higher premium rate. The table shown below demonstrates the actual insurance loss data for Hyundai Elantra vehicles.

  For each insurance policy coverage type, the statistical loss for all vehicles, without regard to make or model, is equal to 100. Numbers shown that are under 100 suggest a better than average loss history, while numbers that are greater than 100 indicate more frequent losses or statistically larger claims.

  
  

  Hyundai Elantra Insurance Loss Statistics

  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

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

One last thing about your coverage

You just read a lot of information how to save on Hyundai Elantra insurance in San Francisco. It’s most important to understand that the more companies you get prices for, the better chance you’ll have of finding inexpensive San Francisco auto insurance quotes. Consumers may even find the best premium rates are with some of the smallest insurance companies. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as State Farm or Progressive.

When getting San Francisco auto insurance quotes online, do not skimp on critical coverages to save a buck or two. There have been many situations where an insured cut liability coverage limits only to regret at claim time that it was a big mistake. Your objective should be to buy a smart amount of coverage at a price you can afford while still protecting your assets.

Steps to finding affordable Hyundai Elantra insurance in San Francisco

If saving the most money is your goal, then the best way to get the cheapest Hyundai Elantra insurance in San Francisco is to start comparing rates regularly from insurance carriers who provide auto insurance in California. You can compare prices by following these guidelines.

Step 1: Try to learn about how your policy works and the changes you can make to prevent high rates. Many factors that cause high rates such as tickets, at-fault accidents, and poor credit history can be eliminated by making small lifestyle or driving habit changes.

Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from a single company like GEICO or State Farm, while agents who are independent can give you price quotes from multiple insurance companies. View companies

Step 3: Compare the new rates to your existing coverage to see if a cheaper price is available in San Francisco. If you find a lower rate quote and make a switch, verify that coverage does not lapse between policies.

Step 4: Provide notification to your current agent or company of your intention to cancel your current auto insurance policy. Submit payment along with a signed and completed policy application to the new company. Once coverage is bound, keep your new proof of insurance certificate somewhere easily accessible.

The key thing to know about shopping around is to use identical limits and deductibles on every quote and and to look at as many different insurance providers as possible. This helps ensure an accurate price comparison and maximum price selection.

Much more information about car insurance in California is available at these links:

• Cellphones, Texting and Driving (iihs.org)
• What Insurance is Cheapest for a Dodge Ram in San Francisco? (FAQ)
• Who Has Affordable Car Insurance for Good Students in San Francisco? (FAQ)
• Who Has Affordable San Francisco Car Insurance for Drivers Under 25? (FAQ)
• Who Has the Cheapest San Francisco Car Insurance Quotes for a Chevrolet Silverado? (FAQ)
• How to Avoid Staged Accidents (State Farm)
• What are my Rights when Filing a Claim? (Insurance Information Institute)
• Driving in Bad Weather (Insurance Information Institute)