Best Cheap Insurance for a Hyundai Elantra in Kentucky

Since we’re writing about auto insurance, the word “cheap” should never appear as a descriptor for car insurance rates. Sad but true, cheap car insurance for a Hyundai Elantra is just plain contradictory. But don’t despair, because we can show you some ways you can still find and buy insurance that is cheaper than what you are paying now.

The chances of finding cheaper insurance for a Hyundai Elantra in Kentucky is dependent upon an enormous amount of rating factors like whether you are married, whether or not you have had gaps between policies, and physical damage deductibles. Drivers on average pay approximately $910 a year to insure their Elantra, but that cost is an approximation that uses a 40-year-old married female that purchased comprehensive and collision coverage and $250 physical damage deductibles.

There is a very good chance that you may not be 40 years old (or even female), single instead of married, or maybe your Elantra is an older model. Different coverage needs are the reason why the only way to find the cheapest insurance price for your Hyundai is to comparison shop your policy at each renewal. Quotes are always free and you will receive price comparisons from the cheapest companies in Kentucky.

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The trim level of your vehicle has an effect on the coverage cost, so the rate you pay to insure a Elantra GLS Touring Station Wagon will be $100 cheaper than the cost to insure the more costly Elantra SE Touring Station Wagon model, as shown below.

Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Price information does not factor in specific location information which can influence coverage prices considerably.

How to find a good Kentucky auto insurance company

Buying coverage from the best car insurance provider can be rather challenging considering how many different companies insure vehicles in Kentucky. The company rank data displayed below could help you decide which providers you want to consider when comparing rates.

The ratings below are for the largest companies in the United States, so companies that only write business in Kentucky or surrounding areas are not factored into these rankings. To view rates from these companies and more, click this link.

Top 10 Large Auto Insurance Companies in Kentucky Ranked by Customer Service

1. USAA
2. Travelers
3. AAA Insurance
4. Nationwide
5. Safeco Insurance
6. Progressive
7. State Farm
8. The Hartford
9. The General
10. Esurance

Top 10 Large Auto Insurance Companies in Kentucky Ranked by A.M. Best Rating

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Erie Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. Nationwide – A+
9. The Hartford – A+
10. Allstate – A+

Top Companies for Hyundai Elantra Insurance in Kentucky

Discounts on the best cheap insurance for a Hyundai Elantra in Kentucky

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/best-car-insurance-hyundai-elantra-ky.jpg" alt="Cheaper Kentucky auto insurance for an Elantra” />Auto insurance companies that offer quotes for a Hyundai Elantra could also offer rate discounts that could reduce prices by as much as 40% or more if you meet certain criteria. The best auto insurance companies and a summarized list of policyholder discounts can be read below.

• Progressive offers discounts including multi-vehicle, online signing, multi-policy, online quote discount, continuous coverage, homeowner, and good student.
• The Hartford offers discounts for anti-theft, defensive driver, good student, vehicle fuel type, driver training, bundle, and air bag.
• Mercury Insurance has savings for location of vehicle, annual mileage, multi-policy, accident-free, multi-car, ease of repair, and type of vehicle.
• GEICO has discounts for seat belt use, good student, anti-lock brakes, emergency military deployment, multi-vehicle, and anti-theft.
• AAA may include discounts for anti-theft, multi-policy, AAA membership discount, good driver, good student, and education and occupation.
• State Farm offers premium reductions for multiple autos, driver’s education, good student, Steer Clear safe driver discount, student away at school, and safe vehicle.

The illustration below compares insurance prices with and without discounts applied to the rates. The costs are based on a female driver, no claims or driving violations, Kentucky state minimum liability limits, full physical damage coverage, and $250 deductibles.

The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with multiple policy, claim-free, multiple vehicle, safe-driver, defensive driving course, and vehicle safety discounts applied. When drivers qualify for the discounts, the the average yearly reduction on auto insurance for a Hyundai Elantra is 28% or $451.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 2403,1731],[‘Age 30’, 1663,1207],[‘Age 40’, 1547,1121],[‘Age 50’, 1353,983],[‘Age 60’, 1307,951],[‘Age 70’, 1523,1099]]);var options = {title: ‘Effect of Discounts on Insurance Rates for a Hyundai Elantra’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Insurance Cost for a Hyundai Elantra in Kentucky’,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(‘qcibdisc’));chart.draw(data, options);}

Rate comparison of full coverage and liability-only

Finding the best cheap insurance for a Hyundai Elantra in Kentucky is probably important to most people, and an effective way to save on the cost of insurance is to buy liability only. The example below visualizes the comparison of auto insurance rates with full phyical damage coverage and with liability coverage only. The premium estimates are based on no claims or driving violations, $100 deductibles, drivers are single, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 3207,991],[‘Age 30’, 1667,547],[‘Age 40’, 1653,507],[‘Age 50’, 1501,475],[‘Age 60’, 1451,467],[‘Age 70’, 1757,621]]);var options = {title: ‘Price Comparison of Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Hyundai Elantra in Kentucky’,minValue: 0,format: ‘$###,###’},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);}

If the expense is averaged for all age categories, full coverage costs an additional $1,873 per year more than just buying liability only. That touches on the question if it’s worth it to buy full coverage. There isn’t a written rule of when to drop full coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is about 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.

Allstate, State Farm, Geico, and Progressive compared

If you are looking for the best insurance for an Elantra, the first places to look would be Allstate, State Farm, Geico, and Progressive. All offer your standard physical damage and liability coverages, but each one has different optional coverages and features that you can choose from. The table below shows pricing and service ratings, as well as optional policy coverages you can buy with each company.