Searching for lower-priced auto insurance rates in Philadelphia, PA? Philadelphia shoppers have lots of choices when shopping for low-cost Hyundai Elantra insurance. You can either waste hours struggling with agents to compare prices or save time using the internet to find the lowest rates.
There are both good and bad ways to compare auto insurance rates and we’ll show you the best way to get price quotes for your Hyundai and locate the cheapest rates either online or from Philadelphia insurance agents.
It’s a fact that insurance companies don’t want you to look for cheaper rates. Insureds who shop rates annually are inclined to buy a different policy because they have a good chance of getting low-cost coverage. A recent survey discovered that people who regularly compared price quotes saved as much as $3,500 over four years compared to those who never shopped around.
If finding the best rates on insurance is why you’re reading this, understanding the best ways to find and compare insurance coverage can make it easier to find better rates.
It’s smart to get comparison quotes quite often since insurance prices go up and down regularly. If you had the lowest rate on Hyundai Elantra insurance in Philadelphia on your last policy there may be better deals available now. Ignore everything you know about auto insurance because we’re going to show you one of the easiest ways to find better rates and still maintain coverage.
If you have insurance now or are just looking to switch companies, you can use this information to get lower rates while maximizing coverage. This article’s intent is to let you in on how car insurance companies work and also save some money in the process Smart shoppers only need an understanding of the most time-saving way to quote multiple rates from many different companies.
Six Tips to Get Lower-cost Philadelphia Insurance Costs
Smart consumers have a good feel for the factors that play a part in calculating your policy premiums. If you know what determines premiums, this allows you to make educated decisions that could result in better insurance rates. Lots of things are considered when you get your auto insurance bill. Some are obvious such as your driving history, although some other factors are more transparent like your continuous coverage or how financially stable you are.
- Employer reflects on rates – Jobs such as doctors, airline pilots, and accountants generally have higher premium rates in part from intense work situations and lengthy work days. Conversely, jobs such as farmers, students and homemakers have lower than average premiums.
- Gaps in coverage mean higher premiums – Driving without insurance coverage in place is not a good idea and any future policy may cost more because you let your coverage have a gap. And not only will your rates increase, not being able to provide proof of insurance will get you a license revocation or jail time. You may need to submit proof of financial responsibility or a SR-22 with the Pennsylvania motor vehicle department.
- A good credit rating can save money – Having a good credit score is likely to be a major factor in determining your rates. Therefore, if your credit score can be improved, you may save money insuring your Hyundai Elantra if you clean up your credit. People with excellent credit scores tend to file fewer claims and have better driving records as compared to drivers with poor credit scores.
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Better drivers pay better prices – Only having one moving violation may cause rates to rise twenty percent or more. Good drivers get better prices than bad drivers. Drivers who have received license-revoking violations such as DUI or willful reckless driving may be required to prove financial responsibility with their state’s department of motor vehicles in order to keep their license.
The information below shows how violations and at-fault accidents impact Hyundai Elantra annual premium costs for different age groups. The rate quotes are based on a single female driver, comp and collision included, $100 deductibles, and no other discounts are factored in.
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Performance influences insurance costs – The performance level of the car, truck or SUV you need insurance for makes a significant difference in your rates. Economy passenger models generally receive the lowest base rates, but many other things help determine your insurance rates.
The next chart uses these assumptions: single male driver age 30, full coverage with $1000 deductibles, and no discounts or violations. It shows Hyundai Elantra insurance premiums compared to other vehicles that have different performance rating factors.
- Rate your vehicle for proper use – The higher the miles on your Hyundai each year the higher your rate. Many insurance companies charge rates partially by how you use the vehicle. Cars and trucks that do not get driven very much receive lower rates than those that get driven frequently. Ask your agent if your insurance policy reflects the correct usage for each vehicle. Having an incorrect usage rating on your Elantra can result in significantly higher rates.
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Loss statistics for a Hyundai Elantra – Companies use past loss statistics for each vehicle to determine a price that will be profitable for them. Vehicles that have higher frequency or amount of claims will cost more for specific coverages.
The data below shows the insurance loss data used by companies for Hyundai Elantra vehicles. For each insurance policy coverage type, the claim probability for all vehicles, as an average, is considered to be 100. Numbers below 100 imply a favorable loss record, while numbers above 100 indicate frequent claims or an increased chance of a larger loss.
Hyundai Elantra Insurance Claim Statistics Vehicle 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 BETTERAVERAGEWORSEStatistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
The quickest method we recommend to compare insurance rates from multiple companies utilizes the fact most of the larger companies participate in online systems to give rate comparisons. All you need to do is provide a little information including whether or not you need a SR-22, if the car is leased, types of safety features, and the type of vehicles you drive. That rating data is automatically sent to all major companies and you will get price comparisons instantly.
To check rates for your car now, click here and enter your coverage details.
The car insurance companies shown below provide quotes in Philadelphia, PA. If more than one company is shown, it’s highly recommended you visit several of them to get a more complete price comparison.
Rates and other information
The price information below covers a range of insurance rates for Hyundai Elantra models. Having a better understanding of how rates are established can help guide drivers when making decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $214 | $346 | $286 | $16 | $86 | $948 | $79 |
| Elantra Blue 4-Dr Sedan | $214 | $494 | $336 | $20 | $100 | $1,164 | $97 |
| Elantra GLS 4-Dr Sedan | $246 | $494 | $336 | $20 | $100 | $1,196 | $100 |
| Elantra SE 4-Dr Sedan | $246 | $494 | $336 | $20 | $100 | $1,196 | $100 |
| Elantra SE Touring Station Wagon | $246 | $420 | $286 | $16 | $86 | $1,054 | $88 |
| Get Your Own Customized Quote Go | |||||||
Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Information does not factor in specific location which can decrease or increase price quotes considerably.
Comparison of policy deductibles
When buying insurance, a common question is how high should the physical damage coverage deductibles be. The comparisons below can help you visualize how much more you’ll pay when you buy lower versus higher coverage deductibles. The first data set uses a $100 physical damage coverage deductible and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $246 | $420 | $280 | $16 | $84 | $1,071 | $89 |
| Elantra Blue 4-Dr Sedan | $246 | $602 | $330 | $20 | $98 | $1,321 | $110 |
| Elantra GLS 4-Dr Sedan | $284 | $602 | $330 | $20 | $98 | $1,359 | $113 |
| Elantra SE 4-Dr Sedan | $284 | $602 | $330 | $20 | $98 | $1,359 | $113 |
| Elantra SE Touring Station Wagon | $284 | $512 | $280 | $16 | $84 | $1,201 | $100 |
| Get Your Own Customized Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $180 | $284 | $280 | $16 | $84 | $844 | $70 |
| Elantra Blue 4-Dr Sedan | $180 | $408 | $330 | $20 | $98 | $1,036 | $86 |
| Elantra GLS 4-Dr Sedan | $206 | $408 | $330 | $20 | $98 | $1,062 | $89 |
| Elantra SE 4-Dr Sedan | $206 | $408 | $330 | $20 | $98 | $1,062 | $89 |
| Elantra SE Touring Station Wagon | $206 | $346 | $280 | $16 | $84 | $932 | $78 |
| Get Your Own Customized Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Rate quotes do not factor in specific Philadelphia garaging location which can revise rates considerably.
Based on the above data, using a $100 deductible will cost you about $23 more each month or $276 for a full year than requesting the higher $500 deductible. Because you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 17 months between claims, you would more than likely save some money if you choose the higher deductible.
The example below demonstrates how deductibles and can increase or decrease Hyundai Elantra premium costs for each age group. The rates are based on a married male driver, comprehensive and collision coverage, and no discounts are taken into consideration.
Age-based insurance rates by gender in Philadelphia
The information below shows the difference between Hyundai Elantra yearly insurance costs for male and female drivers. The rate quotes are based on no violations or accidents, full physical damage coverage, $500 deductibles, drivers are single, and no policy discounts are applied.
Cost of full coverage
The example below shows the comparison of Hyundai Elantra car insurance costs with and without physical damage coverage. Data assumes no violations or accidents, $100 deductibles, marital status is single, and no discounts are taken into consideration.
When to stop buying comprehensive and collision coverage
There is no definitive guideline for phasing out physical damage coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Hyundai Elantra claim settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,000 after the deductible is paid. If you are paying over $400 a year for comprehensive and collision coverage, then it could be time to drop full coverage.
There are some circumstances where dropping physical damage coverage is not a good plan. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage.
Three reasons to insure your vehicle
Despite the high insurance cost for a Hyundai Elantra in Philadelphia, insurance may be required for several reasons.
- Just about all states have mandatory liability insurance requirements which means you are required to buy a minimum amount of liability insurance in order to get the vehicle licensed. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your Hyundai Elantra has a lienholder, more than likely the lender will force you to have physical damage coverage to guarantee payment of the loan. If you default on your policy, the bank will be required to insure your Hyundai at a much higher premium rate and force you to reimburse them for it.
- Car insurance preserves not only your Hyundai but also your assets. It also can pay for medical bills incurred in an accident. Liability coverage will also pay to defend you if anyone sues you for causing an accident. If your car is damaged in a storm or accident, your car insurance policy will pay to repair the damage minus the deductible amount.
The benefits of having insurance are without a doubt worth the cost, especially with large liability claims. Despite what companies tell you, the average driver is wasting up to $869 every year so you should quote and compare rates at least once a year to be sure current rates are still competitive.
Get cheaper Hyundai Elantra insurance in Philadelphia with discounts
Some companies don’t always publicize the complete list of policy discounts very clearly, so the following list contains a few of the more common and also the more inconspicuous discounts that may be available.
- Bundle and Save – If you combine your home and auto policies with one insurance company you may save nearly 15% which can help you find affordable Hyundai Elantra insurance rates in Philadelphia.
- Philadelphia Homeowners Discount – Owning a house in Philadelphia can save you money because of the fact that having a home demonstrates responsibility.
- More Vehicles More Savings – Insuring multiple vehicles with the same company can reduce rates for all insured vehicles.
- Claim-Free Discount – Drivers who don’t have accidents are rewarded with significantly better rates on Philadelphia car insurance quote as compared to drivers with a long claim history.
- Passive Restraints and Air Bags – Factory air bags and/or automatic seat belt systems can receive discounts of more than 20%.
- Discount for Life Insurance – Not all companies offer life insurance, but some may give you a discount if you purchase some life insurance too.
- Accident Forgiveness Coverage – Not a discount per se, but a few companies such as State Farm and GEICO permit an accident before hitting you with a surcharge if you have no claims before the accident.
- Payment Method – If you can afford to pay the entire bill instead of paying each month you may have a lower total premium amount.
Just know that most of the big mark downs will not be given to the entire cost. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears you can get free auto insurance, insurance companies wouldn’t stay in business.
The example below illustrates the difference between Hyundai Elantra auto insurance costs with and without discounts. The prices are based on a male driver, no violations or claims, Pennsylvania state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-car, safe-driver, homeowner, and multi-policy discounts applied.
If you would like to view insurers that can offer you the previously mentioned discounts in Philadelphia, click here.
Compare rates but still have a local Philadelphia insurance agent
Certain consumers would rather sit down with an agent and doing so can bring peace of mind Most agents can help you choose the best coverages and will help you if you have claims. One of the benefits of getting free rate quotes online is the fact that drivers can get lower rates and still buy from a local agent. And buying from local insurance agents is definitely important in Philadelphia.
To find an agent, once you fill out this short form, the quote information is sent to agents in your area that give free quotes for your coverage. You never need to find an agent due to the fact that quote results will go to the email address you provide. If you have a need to quote rates from one company in particular, don’t hesitate to go to their quote page and complete a quote there.
When searching for local Philadelphia agents, it can be helpful to understand the types of insurance agents and how they differ in how they can insure your vehicles. Insurance agencies in Philadelphia are classified as either independent (non-exclusive) or exclusive. Either can sell and service auto insurance coverage, but it’s worth mentioning why they differ since it can affect which type of agent you select.
Independent Auto Insurance Agencies
Agents that choose to be independent often have affiliation with several companies and that gives them the ability to insure with multiple insurance companies and find the cheapest rate. If premiums increase, the agent simply finds a different carrier and you stay with the same agent. If you need lower rates, it’s a good idea to compare quotes from several independent agencies so that you can do a thorough price comparison. Most can insure with smaller mutual companies which may have better rates.
Featured below is a list of independent insurance agents in Philadelphia who can help you get cheap rate quotes.
- McCollum Insurance Agency
4169 Main St – Philadelphia, PA 19127 – (215) 508-9000 – View Map - Nigro Insurance Agency
35 Letitia St – Philadelphia, PA 19106 – (215) 278-9633 – View Map - First Rate Insurance
7790 Rockwell Ave Suite 1 – Philadelphia, PA 19111 – (215) 725-6700 – View Map
Exclusive Agents
Exclusive insurance agents work for only one company such as Farmers Insurance, State Farm, or Allstate. Exclusive agents are unable to provide prices from multiple companies so you need to shop around if the rates are high. They are trained well on the products they sell and that enables them to sell even at higher rates. Consumers frequently buy from the same agent for years primarily because of the brand legacy rather than having low rates.
Listed below are exclusive agents in Philadelphia that are able to give price quotes.
- Sharon Owens – State Farm Insurance Agent
7034 Frankford Ave – Philadelphia, PA 19135 – (215) 333-5544 – View Map - Jack Stabler – State Farm Insurance Agent
6726 Torresdale Ave – Philadelphia, PA 19135 – (215) 331-4300 – View Map - Paul Hoffman – State Farm Insurance Agent
2655 S 12th St – Philadelphia, PA 19148 – (215) 389-4737 – View Map
Finding the right insurance agent needs to be determined by more than just a low price. These are some valid questions you should ask.
- How often do they review policy coverages?
- Is the agent and/or agency licensed to do business in Pennsylvania?
- Do they receive special compensation for putting your coverage with one company over another?
- How much can you save by raising your physical damage deductibles?
- Is the agency active in community causes in Philadelphia?
- Which family members are covered?
- Does the company have a local claim office in Philadelphia?
- Is the coverage adequate for your vehicle?
You may need specialized auto insurance coverage
Keep in mind that when it comes to choosing a policy for your vehicles, there really is not a single plan that fits everyone. Your situation is unique.
For example, these questions might point out if your situation could use an agent’s help.
- What are the best liability limits?
- Is pleasure use cheaper than using my Hyundai Elantra to commute?
- Is my ex-spouse still covered by my policy?
- Does rental coverage apply when I am renting a car?
- Why am I required to buy high-risk coverage?
- I have a DUI can I still get coverage?
- Is pet coverage available?
- Should I have combined single limit or split liability limits?
- Does car insurance cover theft of personal property?
If you can’t answer these questions, you may need to chat with an agent. To find an agent in your area, fill out this quick form. It is quick, free and can help protect your family.
Cheaper car insurance is a realistic goal
As you restructure your insurance plan, it’s a bad idea to skimp on critical coverages to save a buck or two. There have been many situations where consumers will sacrifice collision coverage and learned later that the savings was not a smart move. The ultimate goal is to buy enough coverage at the best possible price, but don’t skip important coverages to save money.
Low-cost Hyundai Elantra insurance in Philadelphia can be purchased on the web in addition to many Philadelphia insurance agents, and you need to price shop both so you have a total pricing picture. A few companies do not offer online rate quotes and many times these smaller providers only sell through independent agencies.
Drivers change insurance companies for many reasons like extreme rates for teen drivers, lack of trust in their agent, not issuing a premium refund or denial of a claim. No matter why you want to switch, finding a new car insurance company can be easier than you think.
Additional detailed information can be found at these sites:
- Comprehensive Coverage (Liberty Mutual)
- Who Has Affordable Auto Insurance for Drivers Under 25 in Philadelphia? (FAQ)
- Who Has Affordable Auto Insurance for a Ford F-150 in Philadelphia? (FAQ)
- How Much is Philadelphia Auto Insurance for Drivers Over Age 50? (FAQ)
- Who Has Affordable Philadelphia Auto Insurance Quotes for Uber Drivers? (FAQ)
- How Much are Philadelphia Car Insurance Quotes for a Nissan Sentra? (FAQ)
- How to Avoid Staged Accidents (State Farm)
- Understanding Rental Car Insurance (Insurance Information Institute)
- Understanding your Policy (NAIC.org)
- What are my Rights when Filing a Claim? (Insurance Information Institute)