Cheap Insurance Quotes for a Hyundai Elantra in Missouri

Our content editors always give us grief that when writing about car insurance, the word affordable really shouldn’t be used anywhere in the article as a descriptor for car insurance rates. Excuse the oxymoron, but cheap auto insurance for a Hyundai Elantra can seem impossible to find. But don’t despair, because we will teach you how you can quote and buy coverage that is more affordable than your current policy.

Buying the best cheap car insurance for a Hyundai Elantra in Missouri is dependent upon a very complex rating algorithm that uses multiple factors such as if you have purchased a home, what you do for a living, and if you have tickets or violations. Drivers in Missouri will pay around $870 each year for Elantra insurance, but that policy rate is a ballpark figure based on a 40-year-old single female driver that includes comprehensive and collision coverage and $250 physical damage deductibles.

Chances are good that you are not 40 and maybe not even a female, married instead of single, or maybe you live in a different area as the quoted rates. What seems to be a minor change in the rating criteria used to formulate rates can precipitate large changes in rate quotes.

Different coverage needs are the reason why the only way to find cheap insurance rates for your Hyundai is to do your own rate comparisons. It takes less than five minutes and you can get rates from some of the most affordable companies that insure vehicles in Missouri.

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Your Hyundai’s trim level will most likely have an effect on the coverage cost, so the price to insure a Elantra GLS Touring Station Wagon will be $96 cheaper than the cost to insure 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, $250 deductibles, and Missouri minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Table data does not factor in specific garaging location which can lower or raise coverage prices substantially.

Comparing rates for low-priced auto insurance is not easy, and deciding which company offers the best auto insurance rates for a Hyundai Elantra requires even more perseverance.

Each insurance company has a unique formula for filing rates in each state, so first we will examine the most competitive auto insurance companies in Missouri. It’s important to know that Missouri auto insurance rates are impacted by many factors which can significantly increase or decrease the cost of your policy. That is why consumers need to take the time to compare many different companies when trying to find the most affordable car insurance rates for a Hyundai Elantra. Auto insurance prices are impacted by many risk factors and can change substantially, so the cheapest company three years ago may now be one of the higher cost companies.

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USAA normally has some of the best car insurance rates in Missouri at around $662 a year. The Hartford, Electric, Allied, and Auto-Owners also are some of the cheaper Missouri insurance companies.

In the rate table above, if you are a customer of The Hartford and switched to USAA, you could realize annual savings of in the neighborhood of $123. Customers with Electric could save as much as $205 a year, and Allied customers might reduce rates by $213 a year.

Bear in mind that those prices are averages across all insureds and vehicles and and are not figured with a specific rate factor for a Hyundai Elantra. So the car insurance company that has the cheapest rates for you may not even be shown in the list above. That’s why you need to compare rates from as many companies as possible using your own driver data and vehicle information.

Cost of full coverage in Missouri

Finding cheap insurance for a Hyundai Elantra in Missouri is the goal of the majority of people, and one good way to save on the cost of insurance is to only buy liability coverage. The illustration below illustrates the comparison of insurance prices with and without full coverage. The prices are based on no violations or claims, $1,000 deductibles, drivers are not married, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 2367,951],[‘Age 30’, 1217,525],[‘Age 40’, 1199,487],[‘Age 50’, 1099,457],[‘Age 60’, 1065,449],[‘Age 70’, 1331,597]]);var options = {title: ‘Price Comparison of Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Hyundai Elantra in Missouri’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

Averaged out for all age groups, physical damage insurance costs an extra $1,380 per year more than just insuring for liability. Many of you may wonder if paying for full coverage is a waste of money. There is no specific rule to eliminate full coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let’s say your vehicle’s replacement cost is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $6,000 after the policy deductible has been paid. If you are currently paying more than $600 annually for physical damage coverage, then you might consider buying liability only.

The diagram below highlights how deductible choice can impact insurance rates when quoting cheap insurance for a Hyundai Elantra. The data is based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2621,2391,2139,1903],[‘Age 30’, 1365,1259,1133,1011],[‘Age 40’, 1353,1239,1107,983],[‘Age 50’, 1229,1127,1011,897],[‘Age 60’, 1187,1091,979,873],[‘Age 70’, 1437,1325,1201,1083]]);var options = {title: ‘Deductibles and Hyundai Elantra Insurance Rates in Missouri’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Hyundai Elantra’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $218 a year by increasing from a $100 deductible up to a $500 deductible, or save $332 by selecting a $1,000 deductible. Young drivers, like the 20-year-old example, could save as much as $718 or even more just by choosing larger deductibles. When insureds make the decision to increase the deductibles on their policy, it will be required to have emergency funds available to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Find cheap insurance for a Hyundai Elantra in Missouri

The list below details some of the better penny-pinching solutions that can help drivers get low-cost auto insurance.

• Do not get into accidents
• If possible, do not file small claims
• Avoid getting citations and tickets
• Higher credit ratings may save you money
• The safer your car, the less it costs to insure
• Compare rates once a year for cheaper prices

That last tip is extraordinarily significant, as was pointed out in this article. Prices adjust often, so drivers shouldn’t be reluctant to buy from a new company if a lower price can be found. Having a favorite company is great, but we do not recommend it if your bullheadedness ends up costing you a small fortune year after year. In just a couple of minutes you could compare prices to find cheaper auto insurance for a Hyundai Elantra.

Who has the cheapest Hyundai Elantra insurance quotes?

Consumers have many ways to comparison shop for auto insurance in Missouri, but the most common are through a non-exclusive or independent agent, an exclusive agency like Liberty Mutual or Allstate, or direct either online or via phone.

Each way has the same basic steps, but auto insurance shoppers should know the differences in how they price policies.

Independent insurance agencies write for multiple companies and can get rate quotes from every one. They are not employed by one specific company and can quote rates with many companies, which may provide you with the best chance of saving money. If premiums increase, they can switch companies in-house and you stay with the same agent.

An agent who is captive is only able to give rates for one company, two examples are an Auto-Owners or State Farm agent. Exclusive agents cannot provide other companys’ prices, so it’s a good idea to get additional quotes.

Drivers who opt to buy auto insurance direct forego an independent or exclusive agent and buy direct online or over the phone from a company like Geico or Esurance. This option is a good choice for consumers who do not have a lot of assets and have knowledge of what specific coverages they need.

So which one of the three ways works best to buy cheap insurance for a Hyundai Elantra in Missouri? We’d like to say buying from a direct company results in the cheapest rates since there is no middleman, but that is generally not the case. It would also be easy to say buying auto insurance from an independent agent guarantees the best prices due to having more companies to select from, but that idea is not necessarily true either. And sometimes, exclusive agencies have extremely competitive rates that independents and direct companies can’t touch.

Since auto insurance prices vary so much, the best way to get the cheapest rates is to compare lots of quotes. If time allows, get quotes from all three to get a good idea who is cheapest. For a list of auto insurance companies with low rates, click here to view.