Do you need a fast way to compare cheaper Hyundai Elantra insurance in Detroit? Paying for high-priced Hyundai Elantra insurance in Detroit can empty your monthly budget, especially in this economy. Shopping your coverage around can save money and help to lower your monthly bill.
Sadly, nearly 70% of consumers have purchased from the same company for four years or more, and virtually 40% of consumers have never taken the time to shop around. Consumers in Michigan can cut their rates by $3,800 a year by just comparing quotes, but most tend to underestimate the actual amount they would save if they bought a different policy. Due to the abundance of insurance providers from which to choose, it is very difficult to find the best auto insurance provider.
It’s important to price shop coverage yearly because insurance prices are adjusted regularly by insurance companies. Even if you got the best deal on Hyundai Elantra insurance in Detroit on your last policy a different company probably has better rates today. Forget anything you know (or think you know) about auto insurance because you’re about to learn the proper way to lower your annual insurance bill.
The purpose of this post is to let you in on the best way to buy inexpensive car insurance and some money-saving tips. If you have a policy now, you will be able to get lower rates using the techniques covered below. Drivers just need to learn the most efficient way to compare prices online from multiple companies.
All major auto insurance companies provide prices for coverage on their websites. This process doesn’t take much effort because it’s just a matter of typing in the coverages you want as detailed in the form. Once you submit the form, the quote system will order your credit score and driving record and generates a price. This streamlines rate comparisons, and it’s also necessary to compare as many rates as possible if you want to get the lowest possible payments on auto insurance.
If you want to fill out one form to compare multiple rates now, compare rates now from the companies shown below. To compare your current rates, we recommend you input the insurance coverages exactly as they are listed on your policy. This way, you’re receiving rate comparison quotes for similar insurance coverage.
The following companies can provide quotes in Michigan. To buy the best auto insurance in Detroit, we suggest you compare several of them in order to get a fair rate comparison.
Choosing the best Elantra insurance in Michigan is an important decision
Despite the fact that insurance is not cheap in Detroit, insuring your vehicle is required for several reasons.
- Almost all states have mandatory insurance requirements which means state laws require a minimum amount of liability insurance if you don’t want to risk a ticket. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your vehicle, most banks will require you to carry insurance to protect their interest in the vehicle. If you default on your policy, the bank may buy a policy for your Hyundai at a much higher rate and require you to fork over for the expensive policy.
- Insurance safeguards both your assets and your Hyundai Elantra. It will also provide coverage for hospital and medical expenses for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney in the event you are sued. If your Hyundai gets damaged, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of carrying adequate insurance more than offset the price you pay, especially when you need to use it. Despite what companies tell you, the average driver is wasting up to $850 per year so it’s recommended you shop around at least once a year to ensure rates are competitive.
Coverage analysis
The coverage table displayed below highlights estimates of insurance prices for Hyundai Elantra models. Learning a little about how premiums are calculated can be of help when making informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $400 | $762 | $664 | $40 | $198 | $2,064 | $172 |
| Elantra Blue 4-Dr Sedan | $400 | $1092 | $780 | $46 | $234 | $2,552 | $213 |
| Elantra GLS 4-Dr Sedan | $458 | $1092 | $780 | $46 | $234 | $2,610 | $218 |
| Elantra SE 4-Dr Sedan | $458 | $1092 | $780 | $46 | $234 | $2,610 | $218 |
| Elantra SE Touring Station Wagon | $458 | $926 | $664 | $40 | $198 | $2,286 | $191 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Price information does not factor in specific location which can decrease or increase rates considerably.
Physical damage deductibles
One frequently asked question is how high should the physical damage deductibles be. The rates below may help you to understand the rate fluctuation when you buy lower versus higher physical damage coverage deductibles. The first set of prices uses a $250 deductible and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $464 | $738 | $586 | $34 | $176 | $2,023 | $169 |
| Elantra Blue 4-Dr Sedan | $464 | $1060 | $690 | $40 | $206 | $2,485 | $207 |
| Elantra GLS 4-Dr Sedan | $534 | $1060 | $690 | $40 | $206 | $2,555 | $213 |
| Elantra SE 4-Dr Sedan | $534 | $1060 | $690 | $40 | $206 | $2,555 | $213 |
| Elantra SE Touring Station Wagon | $534 | $900 | $586 | $34 | $176 | $2,255 | $188 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $288 | $464 | $586 | $34 | $176 | $1,548 | $129 |
| Elantra Blue 4-Dr Sedan | $288 | $666 | $690 | $40 | $206 | $1,890 | $158 |
| Elantra GLS 4-Dr Sedan | $330 | $666 | $690 | $40 | $206 | $1,932 | $161 |
| Elantra SE 4-Dr Sedan | $330 | $666 | $690 | $40 | $206 | $1,932 | $161 |
| Elantra SE Touring Station Wagon | $330 | $566 | $586 | $34 | $176 | $1,692 | $141 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Information does not factor in vehicle garaging location which can impact rates noticeably.
Based on these figures, using a $250 deductible will cost you about $48 more each month or $576 for a full year than buying the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 16 months between claims, you would save money if you decide on a higher deductible.
Irresponsible driving raises your rates
The diagram below illustrates how violations and fender-benders can raise Hyundai Elantra premium costs for each different age group. The price estimates are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
Car insurance rates by age and gender
The information below illustrates the comparison of Hyundai Elantra car insurance rates for male and female drivers. The premiums are based on a clean driving record, no at-fault accidents, full coverage, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
Companies offer many types of discounts on Hyundai Elantra insurance in Detroit
Companies offering auto insurance don’t always advertise the entire discount list very well, so below is a list a few of the more well known as well as the least known credits available to lower your premiums when you buy Detroit car insurance online.
- Telematics Data – Drivers who elect to allow driving data submission to track when and where they use their vehicle by using a small device installed in their vehicle like Allstate’s Drivewise could possibly reduce rates if their driving habits are good.
- Anti-theft System – Vehicles that have factory anti-theft systems help deter theft and earn discounts up to 10% off your Detroit car insurance quote.
- Sign Online – Some larger companies will give a small break get Detroit car insurance online.
- Multiple Cars – Purchasing coverage when you have several vehicles with the same company qualifies for this discount.
- Driver Education Discount – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class in school.
As a disclaimer on discounts, most discounts do not apply to the entire cost. A few only apply to the price of certain insurance coverages like medical payments or collision. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way.
The chart below shows the difference between Hyundai Elantra insurance premiums with and without discounts applied to the premium. The rate quotes are based on a female driver, no claims, a clean driving record, Michigan state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, claim-free, marriage, homeowner, and multi-car discounts applied.
To view companies with the best discounts in Michigan, click here.
Local Detroit insurance agencies and auto insurance
A small number of people prefer to sit down with an agent. Agents are trained risk managers and give you someone to call. One of the best bonuses of comparing insurance prices online is you may find cheap auto insurance rates and still buy from a local agent. Buying from and supporting neighborhood agents is definitely important in Detroit.
By using this form (opens in new window), your information is instantly submitted to participating agents in Detroit who want to provide quotes for your business. You won’t even need to search for an agent due to the fact that quote results will go directly to you. In the event you want to get a price quote from a specific auto insurance provider, feel free to jump over to their website and fill out their quote form.
If you are wanting to purchase auto insurance from a local Detroit insurance agent, there are two different agency structures and how they can service your needs differently. Insurance agencies in Detroit are classified as either independent or exclusive depending on the company they work for. Both types can sell affordable auto insurance policies, but it’s good to learn the difference in the companies they write for because it may have an impact on which type of agent you select.
Independent Auto Insurance Agencies
These type of agents do not have single company limitations so they can quote policies with lots of companies and find the cheapest rate. If your agent finds better pricing, your agent can just switch to a different company and you stay with the same agent.
When comparing rates, we recommend you include price quotes from at least one independent agent so that you have a good selection of quotes to compare.
The following is a short list of independent insurance agents in Detroit that may be able to give you comparison quotes.
Marsh
600 Renaissance Center # 2100 – Detroit, MI 48243 – (313) 393-6800 – View Map
Look Insurance Detroit Southwest Agency
6724 Michigan Ave – Detroit, MI 48210 – (313) 899-3194 – View Map
Look! Insurance
11324 W Jefferson Ave # 1 – River Rouge, MI 48218 – (888) 566-5467 – View Map
Exclusive Auto Insurance Agencies
These type of agents write business for a single company like Farmers Insurance, Allstate, or State Farm. They usually cannot give you multiple price quotes so they really need to provide good service. Exclusive agencies are usually quite knowledgeable in insurance sales and that can be a competitive advantage.
The following is a short list of exclusive insurance agents in Detroit willing to provide price quote information.
PD Dandnaik – State Farm Insurance Agent
W, 7725 Vernor Hwy – Detroit, MI 48209 – (313) 554-1500 – View Map
Tony Massey – State Farm Insurance Agent
15 E Kirby St #112 – Detroit, MI 48202 – (313) 873-3334 – View Map
Jim Saucedo – State Farm Insurance Agent
5602 Vernor Hwy – Detroit, MI 48209 – (313) 841-8100 – View Map
Picking the best auto insurance agent shouldn’t rely on just the price. Before buying a policy in Detroit, get answers to these questions.
- Is the quote a firm price?
- Do they get paid more for recommending certain coverages?
- Will they take your side in the event of a claim?
- Will high miles depreciate repair valuations?
- Is the agency involved in supporting local community causes?
- How long has the business existed?
- How often do they review coverages?
If you get acceptable answers for all questions you ask as well as a price you’re happy with, it’s possible that you found an insurance agent that can be relied on to service your policy.
Affordable auto insurance prices are available
When buying insurance coverage, you should never skimp on critical coverages to save a buck or two. There are many occasions where an accident victim reduced comprehensive coverage or liability limits only to regret at claim time they didn’t purchase enough coverage. Your focus should be to find the BEST coverage for the lowest cost, not the least amount of coverage.
Discount Hyundai Elantra insurance in Detroit can be found from both online companies in addition to many Detroit insurance agents, and you should compare price quotes from both to have the best rate selection. Some insurance companies may not offer rates over the internet and most of the time these regional insurance providers prefer to sell through independent agents.
Steps to buying lower priced Hyundai Elantra insurance in Detroit
The most effective way to get discount auto insurance rates in Detroit is to regularly compare price quotes from companies that sell auto insurance in Michigan.
- Get an understanding of how insurance works and the things you can change to drop your rates. Many risk factors that cause rate increases such as traffic violations, accidents, and an imperfect credit history can be remedied by being financially responsible and driving safely.
- Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like Progressive or State Farm, while independent agents can quote prices from multiple sources.
- Compare the quotes to your existing policy and determine if cheaper Elantra coverage is available. If you find better rates, verify that coverage does not lapse between policies.
- Provide notification to your current company of your intent to cancel your existing policy and submit a down payment along with a completed application to your new agent or company. Be sure to put the new certificate verifying proof of insurance with your vehicle’s registration.
A crucial key to this process is to compare identical deductibles and limits on every quote request and and to get rate quotes from as many companies as you can. Doing this helps ensure a fair rate comparison and a complete price analysis.
More detailed auto insurance information is located by following these links:
- Vehicle Safety Ratings (iihs.org)
- How Much are Auto Insurance Rates for 4×4 Vehicles in Detroit? (FAQ)
- How Much are Detroit Car Insurance Rates for Drivers with Accidents? (FAQ)
- What Car Insurance is Cheapest for Safe Drivers in Detroit? (FAQ)
- How Much are Auto Insurance Quotes for a Company Car in Detroit? (FAQ)
- How Much Does Car Insurance Go Up After a Speeding Ticket? (DetroitInsure.com)
- What to do at the Scene of an Accident (Insurance Information Institute)
- Safety Features for Your New Car (State Farm)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- Understanding Limits and Deductibles (Allstate)