Who Has the Cheapest Auto Insurance Rates for a Hyundai Elantra in Greensboro?

Finding cheaper insurance for a Hyundai Elantra is pretty easy for most people, but it is dependent upon an enormous amount of factors such as whether you use your Elantra for business use, where you live, and driving citations. Drivers will pay on average $641 annually for Elantra insurance, but that amount is a projection using a 40-year-old single female driver with full coverage and $1,000 deductibles.

But there is a high probability that you’re not a 40-year-old female, you might be married instead of single, or maybe you don’t qualify for the same discounts. Having even a minor difference in rating criteria could end up with a large change in the amount insurance costs for a Hyundai Elantra.

This illustrates why the best way to find the most affordable coverage for your Hyundai is to just compare rates yourself.

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The trim level of your vehicle has an effect on the yearly cost, so the rate you will pay to insure a Elantra GLS Touring Station Wagon model will be $54 cheaper than the insurance cost for the more expensive Elantra SE Touring Station Wagon model, as shown by the rates below.

Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Rates do not factor in Greensboro location which can raise or lower insurance rates noticeably.

Choosing the right company is difficult considering how many companies there are in Greensboro. The company ratings shown next could help you choose which auto insurers you want to consider when shopping car insurance rates for a Hyundai Elantra. The rankings below include companies with a nationwide focus, so companies that only write business in North Carolina or surrounding areas will not be included in this list.

Top 10 Major Auto Insurance Providers in Greensboro Ranked by Customer Service

1. USAA
2. Travelers
3. AAA Insurance
4. Nationwide
5. Safeco Insurance
6. Progressive
7. State Farm
8. The Hartford
9. The General
10. Esurance

Top 10 Major Auto Insurance Providers Overall in Greensboro

1. Travelers
2. USAA
3. AAA Insurance
4. Nationwide
5. Allstate
6. State Farm
7. The Hartford
8. Safeco Insurance
9. Progressive
10. American Family

Cost comparison with and without full coverage

Paying less for insurance is the goal of the majority of drivers, and one easy way to buy cheap insurance for a Hyundai Elantra is to not pay for full coverage. The diagram below shows the difference between insurance prices with full coverage and liability only. The prices are based on no claims or driving citations, $500 deductibles, marital status is single, and no discounts are applied to the premium.

If all age groups are averaged, comp and collision coverage costs an additional $1,292 per year more than carrying just liability coverage. That proposes the question if physical damage coverage is worth the money. There is no exact rule for eliminating physical damage coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.

For example, let’s assume your vehicle’s book value is $12,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $11,000 after paying the physical damage deductible. If you are currently paying more than $1,100 annually for full coverage, then you may need to consider dropping full coverage.

There are some situations where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.

Discount Greensboro auto insurance

Car insurance companies that offer coverage for a Hyundai Elantra may provide discounts that can lower rates by as much as 35% or more if you can meet the requirements. A few of the larger companies and some of the premium reductions they offer can be read below.

• American Family may include discounts for mySafetyValet, early bird, good driver, good student, air bags, and Steer into Savings.
• Nationwide includes discounts for easy pay, family plan, business or organization, anti-theft, Farm Bureau membership, and good student.
• MetLife may offer discounts for claim-free, accident-free, good driver, defensive driver, and good student.
• 21st Century offers premium reductions for air bags, anti-lock brakes, driver training, teen driver, good student, defensive driver, and homeowners.
• Farmers Insurance discounts include bundle discounts, good student, switch companies, homeowner, and business and professional.
• Allstate policyholders can earn discounts including good payer, FullPay discount, premier discount, resident student, passive restraint, and premier plus.

The chart below compares insurance rates with and without discounts applied to the policy rates. The premiums are based on a female driver, no driving violations, no at-fault accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with homeowner, passive restraint, multiple policy, multiple vehicle, anti-theft, and defensive driving course discounts applied. When taking advantage of discounts, theaverage yearly reduction on insurance for a Hyundai Elantra is 28% or $300.

The agents listed below are willing to aid you in deciding which coverages you need, since some drivers aren’t sure which coverage they need and prefer to have the advice of a professional agent when comparing insurance rates for a Hyundai Elantra. It can be time-consuming to find the cheapest rates, so a licensed agent can bring satisfaction knowing you have enough coverage when you need it. To find an auto insurance agency closest to you, click the button link following the list.

More insurance agents in Greensboro, NC

How to find economical auto insurance for a Hyundai Elantra

It is possible to find better rates, and here are some of the better penny-pinching solutions that can help Greensboro drivers get lower-cost coverage.

• Don’t have frequent claims
• Safer vehicles cost less to insure
• You will pay more if you get tickets or have at-fault accidents
• Drive attentively and avoid accidents
• Bundle car and home insurance and save money
• Compare rates often to find the best deal

That last idea is remarkably crucial, as we stressed in this piece. Car insurance rates in Greensboro fluctuate constantly, so you should be ready to buy from a different company if a more affordable price is available.

Having a favorite company is fine, but it’s not a great idea if that faithfulness ends up costing you lots of hard earned cash every month. Take a couple minutes and compare rates to find cheaper car insurance for a Hyundai Elantra.