How to Compare Tampa Hyundai Elantra Insurance

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It's an obvious statement that car insurance companies don't want you to look for a cheaper policy. People who get comparison quotes once a year will most likely buy a new policy because of the high probability of finding lower prices. A recent survey revealed that drivers who routinely compared rates saved approximately $3,450 over four years compared to those who never shopped around for cheaper prices.

If finding the cheapest price for auto insurance in Tampa is your ultimate objective, then learning about the best way to quote and compare cheaper coverage can make the process less intimidating.

Insurance rates Hyundai Elantra in TampaThe recommended way to find affordable quotes for car insurance rates is to compare prices regularly from different companies in Tampa.

  • Step 1: Try to understand how your policy works and the steps you can take to prevent rate increases. Many factors that result in higher rates like accidents, traffic tickets, and a negative credit rating can be improved by making minor driving habit or lifestyle changes.
  • Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from one company like GEICO or Farmers Insurance, while agents who are independent can give you price quotes from multiple insurance companies. View insurance agents
  • Step 3: Compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available in Tampa. If you find a lower rate and decide to switch, ensure there is no coverage lapse between policies.
  • Step 4: Give notification to your agent or company of your intention to cancel the current policy and submit the required down payment along with the signed application to your new company or agent. Immediately upon receiving it, safely store the certificate of insurance above your visor, in the console, or in the glove compartment.

A tip to remember is to try to use the same amount of coverage on every quote request and and to get rate quotes from as many carriers as you can. This ensures a fair price comparison and a complete price analysis.

Keep in mind that more quotes will enable you to find better pricing. Some smaller insurers do not give online rate quotes, so you need to compare quotes from them as well.

The companies in the list below are our best choices to provide price quotes in Florida. If multiple companies are listed, we suggest you compare several of them to get the best price comparison.

Rates and other information

The coverage table shown below showcases a range of policy rates for Hyundai Elantra models. Having knowledge of how prices are formulated is important to be able to make smart choices when comparing insurance quotes.

Hyundai Elantra Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $134 $234 $334 $20 $100 $822 $69
Elantra Blue 4-Dr Sedan $134 $334 $392 $24 $118 $1,002 $84
Elantra GLS 4-Dr Sedan $154 $334 $392 $24 $118 $1,022 $85
Elantra SE 4-Dr Sedan $154 $334 $392 $24 $118 $1,022 $85
Elantra SE Touring Station Wagon $154 $284 $334 $20 $100 $892 $74
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Information does not factor in garaging location in Tampa which can lower or raise premium rates substantially.

Car insurance deductibles

The hardest decision when buying coverage is the level to set your comp and collision deductibles. The rates shown below outline the difference in cost between high and low physical damage coverage deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.

Hyundai Elantra insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $280 $446 $354 $20 $106 $1,231 $103
Elantra Blue 4-Dr Sedan $280 $640 $418 $24 $124 $1,511 $126
Elantra GLS 4-Dr Sedan $322 $640 $418 $24 $124 $1,553 $129
Elantra SE 4-Dr Sedan $322 $640 $418 $24 $124 $1,553 $129
Elantra SE Touring Station Wagon $322 $544 $354 $20 $106 $1,371 $114
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Hyundai Elantra insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $174 $280 $354 $20 $106 $934 $78
Elantra Blue 4-Dr Sedan $174 $402 $418 $24 $124 $1,142 $95
Elantra GLS 4-Dr Sedan $200 $402 $418 $24 $124 $1,168 $97
Elantra SE 4-Dr Sedan $200 $402 $418 $24 $124 $1,168 $97
Elantra SE Touring Station Wagon $200 $342 $354 $20 $106 $1,022 $85
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rates do not factor in specific garaging location which can alter coverage rates greatly.

Based on the figures above, using a $250 deductible will cost you approximately $30 more each month or $360 annually than buying the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 25 months between claim filings, you would probably save some money if you decide on a higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $250 deductibles: $120
Average monthly premium for $1,000 deductibles (subtract): - $90
Monthly savings from raising deductible: $30
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

One thing to note is that increasing deductibles to save money means you will have to pay more out-of-pocket at claim time. That will necessitate a higher level of savings in the event you have to pay the deductible for vehicle repair.

The chart below illustrates how choosing a deductible and can increase or decrease Hyundai Elantra insurance prices for each age group. The costs are based on a married male driver, full coverage, and no discounts are applied to the premium.

Liability only or full coverage

The diagram below compares Hyundai Elantra annual premium costs with and without physical damage coverage. The costs are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single marital status, and no other discounts are factored in.

When to buy liability coverage only

There is no clear-cut formula that is best for determining when to drop physical damage coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let's pretend your Hyundai Elantra replacement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $6,000 after the policy deductible has been paid. If you are currently paying more than $600 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where only buying liability is not financially feasible. If you haven't paid off your loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not consider dropping full coverage.

Affordable rates with these eight discounts

Insurance can cost an arm and a leg, but there could be significant discounts to help bring down the price. Certain credits will be shown at quote time, but some need to be asked about before they will apply.Discount insurance

  • Telematics Data Discounts - Drivers who elect to allow companies to analyze driving habits remotely such as Progressive's Snapshot may see discounts if their driving habits are good.
  • Passive Restraints and Air Bags - Factory air bags or motorized seat belts could see savings of more than 20%.
  • Discounts for Multiple Vehicles - Buying coverage for all your vehicles with one company can get a discount on all vehicles.
  • Driver Training Discounts - Taking time to complete a defensive driving class could save 5% or more and easily pay for the cost of the class.
  • Low Mileage - Low mileage vehicles can earn discounted rates on garaged vehicles.
  • Payment Discounts - If you pay your entire premium ahead of time instead of paying each month you could save 5% or more.
  • No Claims - Tampa drivers who stay claim-free pay much less when compared with drivers who are more careless.
  • Discount for Life Insurance - Select insurance companies reward you with a discounted insurance rate on car insurance if you buy life insurance.

Consumers should know that some credits don't apply to your bottom line cost. Most cut specific coverage prices like collision or personal injury protection. So when it seems like you could get a free insurance policy, you won't be that lucky.

The diagram below shows the difference between Hyundai Elantra auto insurance costs with and without policy discounts. The prices are based on a female driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, multi-car, safe-driver, and homeowner discounts applied.

Companies and a summarized list of policyholder discounts can be read below.

  • AAA policyholders can earn discounts including anti-theft, good driver, education and occupation, multi-policy, and good student.
  • Progressive may have discounts that include homeowner, good student, multi-vehicle, online signing, and online quote discount.
  • State Farm includes discounts for Drive Safe & Save, good student, anti-theft, accident-free, and passive restraint.
  • Esurance may include discounts for renters, safety device, anti-lock brakes, claim free, multi-policy, online shopper, and paid-in-full.
  • Nationwide has discounts for anti-theft, Farm Bureau membership, family plan, defensive driving, accident-free, easy pay, and business or organization.

It's a good idea to ask each company the best way to save money. Some discounts listed above might not be available to policyholders everywhere. If you would like to view companies with the best discounts in Tampa, follow this link.

Protect your Hyundai Elantra and other assets

Even though it can be expensive, buying auto insurance serves an important purpose.

  • Almost all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability coverage in order to be legal. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If you bought your Elantra with a loan, most banks will require you to have comprehensive coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank may insure your Hyundai at a significantly higher premium and require you to pay the higher price.
  • Insurance safeguards not only your Hyundai Elantra but also your financial assets. Insurance will pay for medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage will also pay to defend you if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.

The benefits of carrying adequate insurance definitely exceed the cost, particularly if you ever have a claim. But the average American driver is overpaying more than $700 annually so you should quote rates at every renewal to make sure the price is not too high.

Are car insurance agents obsolete?

Many people still prefer to go talk to an agent and doing so can bring peace of mind One of the benefits of comparing rates online is you may find cheaper premium rates but also keep your business local. Buying insurance from local insurance agents is especially important in Tampa.

Tampa insurance agentsAfter filling out this simple form, your insurance coverage information is sent to agents in your area who will give you quotes to get your business. You don't have to even leave your home since price quotes are sent to you directly. You'll get the best rates without having to waste a lot of time. If for some reason you want to get a rate quote for a specific company, you just need to find their quoting web page and submit a quote form there.

If you are wanting to find a reputable agency, you must know there are a couple different types of agents and how they are distinctly different. Auto insurance policy providers can be classified as either independent agents or exclusive agents depending on their employer.

Independent Agencies or Brokers

Independent agents do not work for one specific company so as a result can place your coverage with multiple insurance companies and possibly get better coverage at lower prices. If you are not satisfied with one company, the agent simply finds a different carrier and that require little work on your part.

When comparing auto insurance prices, you definitely need to get some free quotes from a couple of independent agencies for the best price selection.

Featured below are Tampa independent insurance agents who can help you get free rate quotes.

3928 W Hillsborough Ave - Tampa, FL 33614 - (813) 870-2334 - View Map

1719 W Fletcher Ave - Tampa, FL 33612 - (813) 849-0125 - View Map

6601 Memorial Hwy #230 - Tampa, FL 33615 - (813) 884-7577 - View Map

View more Tampa agents

Exclusive Insurance Agencies

These agents generally can only insure with one company and examples are Allstate, AAA, Farmers Insurance, and State Farm. They generally cannot provide rate quotes from other companies so if the price isn't competitive there isn't much they can do. Exclusive agencies are usually well trained on their company's products which helps them sell insurance even at higher premiums.

Listed below is a short list of exclusive agencies in Tampa that are able to give price quote information.

14940 N Florida Ave - Tampa, FL 33613 - (813) 961-6661 - View Map

320 E Fletcher Ave - Tampa, FL 33612 - (813) 513-8800 - View Map

3641 W Kennedy Blvd F - Tampa, FL 33609 - (813) 353-0303 - View Map

View more Tampa agents

Finding the right auto insurance agent is decision based upon more than just a cheap price quote. Here are some questions you might want to ask.

  • Which insurance companies are they affiliated with?
  • Are claims handled at the agent's location?
  • If you are a high risk driver, do they have special markets for your coverage?
  • Do they assist clients in filing claims?
  • If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
  • Does the agency support the community they serve?
  • Do they offer accident forgiveness?
  • Which insurance company do they prefer to write with?

Learn about auto insurance coverages for a Hyundai Elantra

Knowing the specifics of your auto insurance policy can help you determine the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverage types found on most auto insurance policies.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like dental work, rehabilitation expenses, chiropractic care, hospital visits and surgery. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and may carry a deductible

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle's occupants and also any damage incurred to your Hyundai Elantra.

Since a lot of drivers carry very low liability coverage limits (which is 10/20/10), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time these coverages are similar to your liability insurance amounts.

Comprehensive coverage

This pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like vandalism, hitting a bird, fire damage and damage from flooding. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle's value is low it's probably time to drop comprehensive insurance.

Collision protection

Collision insurance pays for damage to your Elantra caused by collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things like crashing into a building, colliding with a tree and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. It's also possible to increase the deductible on your Elantra to save money on collision insurance.

Auto liability insurance

Liability insurance protects you from damage or injury you incur to other people or property that is your fault. It protects YOU from legal claims by others, and doesn't cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 10/20/10 which stand for a $10,000 limit per person for injuries, a limit of $20,000 in injury protection per accident, and property damage coverage for $10,000. Another option is one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like medical services, court costs, bail bonds and structural damage. How much liability should you purchase? That is up to you, but buy as large an amount as possible. Florida requires drivers to carry at least 10/20/10 but drivers should carry higher limits.

The illustration below demonstrates why the minimum limit may not provide you with enough coverage.