Find Cheaper Hyundai Elantra Insurance in Anchorage

Discount Hyundai Elantra insuranceThe preferred way to find the cheapest price for auto insurance rates in Anchorage is to annually compare prices from insurance carriers in Alaska.

  1. Try to understand how car insurance works and the measures you can take to prevent expensive coverage. Many rating criteria that increase rates such as high-risk driving behaviors and an unacceptable credit score can be amended by improving your driving habits or financial responsibility.
  2. Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from one company like GEICO and Allstate, while independent agents can quote rates from many different companies. Start a quote
  3. Compare the price quotes to your existing rates and determine if there is any savings. If you can save some money and make a switch, ensure there is no coverage lapse between policies.

An essential thing to point out is to try to use the same coverage limits and deductibles on each quote and and to get price estimates from as many companies as possible. Doing this provides a fair rate comparison and a good representation of prices.

Astonishing but true, over 70% of Alaska drivers have remained with the same insurance company for more than four years, and virtually 40% of consumers have never taken the time to shop around. Consumers in the United States could save an average of $850 each year just by shopping around, but they don’t understand how simple it is to find affordable rates by getting comparison quotes.

The best way to compare policy rates for Hyundai Elantra insurance in Anchorage is to know the fact auto insurance companies allow for online access to provide you with free rate quotes. The only thing you need to do is give them some information such as an estimate of your credit level, whether the vehicles are used for commuting, the year, make and model of vehicles, and driver ages. The rating information is instantly sent to insurance carriers in your area and they provide comparison quotes immediately.

To find lower cheap Hyundai Elantra insurance rates now, click here and enter your zip code.

The following companies are ready to provide free quotes in Alaska. If you wish to find the best cheap car insurance in AK, it’s highly recommended you visit as many as you can in order to get a fair rate comparison.

Rates and information analytics

The rate information displayed next highlights different insurance rates for Hyundai Elantra models. Having a good understanding how insurance rates are figured can assist in making smart choices when choosing a car insurance company.

Hyundai Elantra Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $180 $334 $280 $16 $84 $894 $75
Elantra Blue 4-Dr Sedan $180 $480 $330 $20 $98 $1,108 $92
Elantra GLS 4-Dr Sedan $206 $480 $330 $20 $98 $1,134 $95
Elantra SE 4-Dr Sedan $206 $480 $330 $20 $98 $1,134 $95
Elantra SE Touring Station Wagon $206 $408 $280 $16 $84 $994 $83
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Estimates do not factor in specific location information which can alter rates significantly.

Raise deductibles and save

One of the more difficult decisions when buying insurance is which deductibles should you choose. The following insurance rates summarize the costs and benefits when you choose different comp and collision deductibles. The first data set uses a $100 physical damage deductible and the second price table uses a $1,000 deductible.

Hyundai Elantra insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $204 $348 $232 $14 $70 $893 $74
Elantra Blue 4-Dr Sedan $204 $498 $272 $16 $82 $1,097 $91
Elantra GLS 4-Dr Sedan $234 $498 $272 $16 $82 $1,127 $94
Elantra SE 4-Dr Sedan $234 $498 $272 $16 $82 $1,127 $94
Elantra SE Touring Station Wagon $234 $422 $232 $14 $70 $997 $83
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Hyundai Elantra insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $114 $184 $232 $14 $70 $614 $51
Elantra Blue 4-Dr Sedan $114 $262 $272 $16 $82 $746 $62
Elantra GLS 4-Dr Sedan $130 $262 $272 $16 $82 $762 $64
Elantra SE 4-Dr Sedan $130 $262 $272 $16 $82 $762 $64
Elantra SE Touring Station Wagon $130 $222 $232 $14 $70 $668 $56
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Premium costs do not factor in specific zip code location which can increase or decrease auto insurance rates noticeably.

Based on the above data, using a $100 deductible costs about $28 more each month or $336 each year averaged for all Elantra models than opting for the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you have at a minimum 32 months between claim filings, you would save money going with the higher deductible.

The chart below demonstrates how deductible levels and can change Hyundai Elantra insurance rates for different age groups of insureds. The prices are based on a married male driver, comp and collision included, and no additional discounts are factored in.

Why you need insurance for your Hyundai vehicle

Despite the high insurance cost for a Hyundai Elantra in Anchorage, insuring your vehicle may be mandatory for several reasons.

First, just about all states have mandatory insurance requirements which means you are required to carry specific limits of liability if you want to drive legally. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you bought your Hyundai Elantra with a loan, most banks will stipulate that you have physical damage coverage to protect their interest in the vehicle. If you let the policy lapse, the bank may insure your Hyundai at a much higher rate and require you to pay for the much more expensive policy.

Third, insurance protects not only your car but also your assets. It will also reimburse you for many types of medical costs that are the result of an accident. One policy coverage, liability insurance, will also pay attorney fees if you are sued as the result of an accident. If your car is damaged in a storm or accident, your insurance policy will pay to repair the damage.

The benefits of carrying adequate insurance more than offset the price you pay, especially with large liability claims. But the average American driver overpays as much as $750 every year so it’s very important to do a rate comparison each time the policy renews to ensure rates are inline.

You Can Change Your Insurance Costs

Smart consumers have a good feel for the factors that come into play when calculating insurance rates. When you know what positively or negatively controls the rates you pay, this enables you to make decisions that could help you find cheaper rates. Many things are part of the calculation when premium rates are determined. Some are obvious such as your driving record, but other criteria are not as apparent such as your marital status and annual miles driven.

More performance means more cost – The type of vehicle you are trying to find cheaper insurance for makes a big difference in the rate you pay. Lower performance four cylinder passenger cars generally receive the lowest base rates, but that’s not the only thing that factors into the final price.

The data below is based on a married female driver age 40, full coverage with $500 deductibles, and no discounts or violations. It shows Hyundai Elantra insurance rates compared to other vehicles that have a range of performance risks.

Do you save by driving less? – The more miles you rack up on your Hyundai in a year’s time the higher your rate. Most insurance companies rate vehicles partially by how you use the vehicle. Cars and trucks left parked in the garage receive better premium rates compared to those used for work or business. Having the wrong rating on your Elantra may be wasting your money. Make sure your insurance declarations sheet correctly shows how each vehicle is driven, because it can save money.

Five star IIHS safety rating saves money – Vehicles with high crash test scores are cheaper to insure. The safest vehicles help reduce the chance of injuries in an accident and fewer injuries means lower claim amounts and lower rates for you. If your Hyundai has at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.

Lower rates with alarm systems – Choosing a vehicle that has a built-in theft deterrent system can help lower your premiums. Anti-theft features like OnStar, LoJack tracking, and tamper alarms all aid in stopping car theft and help bring rates down.

Big cities have higher rates – Residing in less populated areas may provide you with better prices when trying to find low car insurance rates. Drivers who live in large cities tend to have more aggressive driving styles and a longer drive to work. Less people living in that area means reduced accidents and lower theft and vandalism rates.

Cheaper prices for prior coverage – Going without insurance is a guaranteed way to drive up your policy premiums. In addition to paying higher rates, the inability to provide proof of insurance might get you a license revocation or jail time. Then you may be required to file a SR-22 with the Alaska department of motor vehicles.

Men tend to take more risk – The statistics show that females take fewer risks when driving. Now that doesn’t mean females are better drivers. Both sexes get in fender benders at a similar rate, but the men get into accidents with more damage. Men also tend to get ticketed for serious violations like driving under the influence (DUI). Youthful male drivers cause the most accidents and therefore are the most expensive to insure.

The example below visualizes the comparison of Hyundai Elantra insurance costs for male and female drivers. Data assumes no driving violations, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

Extra coverages you don’t use – There are many extra coverages that you can buy when buying insurance. Coverages like rental car reimbursement, high-cost glass coverage, and term life insurance may be wasting your money. These coverages may sound good at first, but if they’re wasting money remove them from your policy.

Hyundai Elantra insurance claim data – Companies analyze claim trends for every vehicle when they set coverage costs for each model. Models that the data shows to have higher loss trends will have increased rates. The data below shows the insurance loss data for Hyundai Elantra vehicles.

For each insurance policy coverage type, the claim amount for all vehicles, regardless of manufacturer or model, equals 100. Numbers under 100 represent a good loss history, while values over 100 indicate more frequent losses or statistically larger claims.

Hyundai Elantra Insurance Claim Statistics
Specific Hyundai 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

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

Discount Anchorage insurance rates

Insurance is neither fun to buy or cheap, but you may be missing some discounts to help offset the cost. Most are applied when you purchase, but some discounts are required to be asked about prior to getting the savings.Insurance discounts

You can save money using discounts, but most of the big mark downs will not be given to the entire policy premium. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like you could get a free insurance policy, it doesn’t quite work that way. Any amount of discount will help lower the amount you pay for coverage.

The information below shows the difference between Hyundai Elantra insurance costs with and without discounts applied to the premium. The costs are based on a female driver, no tickets, no at-fault accidents, Alaska state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, multi-policy, homeowner, safe-driver, and claim-free discounts applied.

If you would like to view insurance companies that provide some of the discounts listed above in Alaska, click this link.

Do I need a local insurance agent?

Some consumers still like to visit with an insurance agent and that is just fine! Professional agents are trained to spot inefficiencies and help submit paperwork. A nice benefit of getting free rate quotes online is the fact that you can find the best rates and still have a local agent.

Anchorage insurance agentsOnce you complete this simple form, your insurance data is instantly submitted to local insurance agents who will return price quotes to get your business. There is no need to search for an agent because quoted prices will be sent to you directly. If for some reason you want to compare rates from one company in particular, don’t hesitate to go to their quote page and submit a quote form there.

Choosing an company requires you to look at more than just the quoted price. Before buying a policy in Anchorage, get answers to these questions.

Upon receiving answers to your satisfaction for all questions you ask as well as an affordable premium quote, you have narrowed it down to an insurer that is professional and can insure your vehicles. Just remember you can cancel coverage at any point so never feel that you’re stuck with any specific agency indefinitely.

One last thing to lower rates

People who switch companies do it for a variety of reasons including questionable increases in premium, poor customer service, high rates after DUI convictions and delays in responding to claim requests. It doesn’t matter what your reason, choosing a new company is not as hard as you think.

We just presented many tips how you can compare Hyundai Elantra insurance rates in Anchorage. The key concept to understand is the more times you quote, the more likely it is that you will get a better rate. You may even discover the best price on auto insurance is with a small local company.

When getting Anchorage auto insurance quotes online, it’s very important that you do not buy poor coverage just to save money. There have been many cases where consumers will sacrifice comprehensive coverage or liability limits and discovered at claim time that the few dollars in savings costed them thousands. The aim is to get the best coverage possible at an affordable rate and still be able to protect your assets.

Much more information about auto insurance in Alaska can be found at these links: