Best Cheap Insurance Quotes for a Hyundai Elantra in Michigan

When the topic is auto insurance, the words cheap or affordable should not be used anywhere to describe car insurance rates. Forgive the oxymoron, but cheap auto insurance for a Hyundai Elantra is not easy to find. We’ll try to make it up to you, because we can show you some ways you can quote and buy car insurance that won’t break the bank.

Finding cheaper insurance for a Hyundai Elantra in Michigan is dependent upon many rating factors like the amount of driving experience you have, if you are a frequent claim filer, and citations or violations on your driving record. Drivers on average will pay $1,980 every 12 months for Elantra insurance, but that price is a valuation based on rates for a 50-year-old single female who requires full coverage including both comprehensive and collision and $250 physical damage deductibles.

There is a really good chance that you are not 50 years old and maybe not even female, possibly married instead of single, and maybe you want higher deductibles. Just a minor change in rating criteria can produce large changes in how much coverage for a Hyundai Elantra costs.

Each driver’s needs are different, and that demonstrates why the best method for finding the cheapest insurance price for your Hyundai is to just take the time to do a thorough rate comparison.

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The trim level of your Elantra can impact the annual cost of coverage, so the price you will pay to insure a Elantra GLS Touring Station Wagon model will be $216 cheaper than the cost to insure the more well-appointed Elantra SE Touring Station Wagon version, as shown in the prices below.

Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Price estimates do not factor in your specific Michigan location which can influence prices considerably.

Deciphering which company quotes the cheapest insurance rates for a Hyundai Elantra involves a tad more effort in order to find the most economical policy. Each insurer uses a different method to determine rates, so we’ll take a look at the insurance companies that tend to have lower prices in Michigan.

It’s important to know that Michigan insurance rates are determined by lots of factors which can substantially change the price of coverage. Simply turning a year older, having a claim, or getting a reckless driving citation can produce rate changes resulting in some rates now being more affordable than others.

Best Auto Insurance Prices for Your Hyundai

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USAA may have some of the most affordable car insurance rates in Michigan at around $958 per year. GEICO, Safeco, MetLife, and Chubb also make the cut as some of the cheapest Michigan car insurance companies.

In this example, if you buy coverage from MetLife and switched to USAA, you might realize an annual savings of upwards of $352. Drivers with Chubb might save as much as $470 a year, and MEEMIC insureds might see rate reductions of $478 a year.

To get a quick, customized rate comparison, click here or visit several of the following companies.

Bear in mind that those premiums are averages across all types of insureds and vehicles and do not take into consideration a specific rate factor for a Hyundai Elantra. So the car insurance company that has the cheapest rates for you may not even be in the list above. That helps illustrate why you need to get auto insurance quotes using your own driver data and vehicle information.

Get discount Michigan insurance rates

Auto insurance companies that offer the best cheap insurance for a Hyundai Elantra in Michigan may provide discounts that may potentially lower prices by as much as 35% if you qualify for them. Larger insurance companies and their offered discounts are included below.

• The Hartford may include discounts for defensive driver, vehicle fuel type, good student, anti-theft, bundle, air bag, and driver training.
• American Family offers discounts for defensive driver, accident-free, good student, bundled insurance, and early bird.
• Progressive offers premium reductions for online quote discount, multi-policy, homeowner, good student, multi-vehicle, continuous coverage, and online signing.
• Travelers policyholders can earn discounts including IntelliDrive, hybrid/electric vehicle, payment discounts, driver training, new car, good student, and multi-car.
• Farmers Insurance discounts include youthful driver, electronic funds transfer, multi-car, early shopping, teen driver, switch companies, and good student.
• USAA may have discounts that include military installation, safe driver, new vehicle, annual mileage, defensive driver, and family discount.
• Liberty Mutual has discounts for multi-policy, multi-car, new graduate, safety features, new vehicle discount, and preferred payment discount.

The chart below illustrates the difference between annual premium costs with and without discounts applied. The rates are based on a female driver, no driving violations, no at-fault accidents, Michigan state minimum liability limits, full coverage, and $100 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with marriage, accident-free, anti-theft, homeowner, defensive driving course, and multiple policy discounts applied. When these discounts are applied to the policy premium, the the average amount saved on insurance for a Hyundai Elantra is 28% or $1,322.

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Best rates: Geico, State Farm, Allstate, or Progressive

When buying insurance for an Elantra in Michigan, probably the best companies to start with are Geico, State Farm, Allstate, and Progressive. All four can cover your vehicle for liability and physical damage, but each one has unique options and discounts that buyers can choose from. The data below illustrates some of the different options that are available for buyers.

How to get the best cheap insurance for a Hyundai Elantra in Michigan

It’s not impossible to find cheaper rates, and here are some of the recommended penny-pinching ideas that can help you quote lower-cost coverage.

• Better credit rating means better rates
• At-fault accidents can raise rates significantly
• Higher deductibles save money
• Don’t waste money on full coverage for older vehicles
• Safer vehicles cost less to insure
• Do not get tickets or violations
• Check for cheaper rates once a year

That final tip is very necessary, as we noted in this article. Car insurance rates in Michigan vary considerably, so don’t hesitate to buy from a new company if a lower-cost policy is available.

Having brand loyalty is commendable, but we do not recommend it if it’s costing you hundreds of dollars year after year. If you have a few minutes, now is a great time to compare prices to find cheaper auto insurance for a Hyundai Elantra.

Cheapest Hyundai Elantra insurance quotes

Drivers have a lot of ways to find cheap insurance in Michigan, but the most popular are from an independent insurance agent, a captive (or exclusive) agent like Allstate or Liberty Mutual, or buying direct from a company like Progressive or Geico.

They all have the same end result, but they are slightly different in how they function.

Independent agents write for multiple companies and can get policy pricing from every one. Agents of this type will give you a larger rate selection, which can help you get more bang for your buck. If a cheaper price is found, they can switch companies in-house and you don’t have to do anything.

A captive, or exclusive, agent is only able to quote rates with just one company, two of the more popular are a Farmers or Allstate agent. Exclusive agencies are unable to compare other company’s rates, so unless you get quotes from other companies, you cannot determine which is cheapest.

If you choose to buy insurance direct, you skip an independent or exclusive agent and instead shop from a direct company like Progressive. Buying insurance direct may be preferred by people who do not need high amounts of coverage and know more than average about the exclusions of a policy.

So which of those three methods works best for finding the best cheap insurance for a Hyundai Elantra in Michigan? The obvious answer would be buying from a direct company yields the cheapest rates because you bypass the agent, but unfortunately, it’s not that cut and dried. An argument could also be made that an independent agent saves the most money due to increased selection, but that assumption is also not accurate. And occasionally, the exclusive agents have price quotes that independents and direct companies can’t touch.

Due to the large number of rating factors, the one way to not overpay for insurance is to get quotes and compare the rates. Smart shoppers will get rate quotes from all three to give yourself the best selection. For a list of insurance companies with low rates, click here to view.