Who Has the Cheapest Insurance for a Hyundai Elantra in Ohio?

Because the topic is auto insurance, the words cheap or affordable really shouldn’t be used anywhere in the article as a descriptor for car insurance rates. Unfortunately, cheap car insurance for a Hyundai Elantra may be a thing of the past. Don’t let that get you down, though, because there may be ways you can get auto insurance that fits into your budget.

Whether or not you can find the best cheap auto insurance for a Hyundai Elantra in Ohio is dependent upon a complex formula that factors things like your marital status, what you do for a living, and any prior driving offenses. Drivers pay on average $550 every 12 months to insure an Elantra, but that amount is based on rates for a 50-year-old married female driver with full coverage including both comprehensive and collision and $250 policy deductibles.

There is a high likelihood that you are not 50 and maybe not even a female, you might be single instead of married, or maybe you have a violation on your driving record. Making even small differences in price quote data can result in a big discrepancy in how much insurance for a Hyundai Elantra costs.

Everyone has different rating factors, so the best method for finding the cheapest insurance price for your Hyundai is to do the rate comparisons yourself. To cut your rates now, get a free quote and you will be able to compare rates from some of the best insurers that offer coverage in Ohio.

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The specific trim level has an effect on the cost of insurance, so the rate you will pay to insure a Elantra GLS Touring Station Wagon trim level will be $62 cheaper than the cost to insure the more costly Elantra SE Touring Station Wagon model, as demonstrated by the prices below.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Table data does not factor in vehicle location which can revise auto insurance rates noticeably.

Picking a good quality car insurance company is hard considering how many companies sell insurance in Ohio. The ranking data listed below may help you decide which car insurance companies you want to consider when shopping around.

These ratings are only made up of large nationwide companies, so companies with more of a regional focus are not included in the list. To get price quotes from these companies and more, click here.

Top 10 Major Auto Insurance Companies in Ohio Ranked by A.M. Best Rating

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

Top Companies for Hyundai Elantra Insurance in Ohio

The illustration below illustrates how your deductible choice can impact annual premium costs when getting quotes for cheap insurance for a Hyundai Elantra. The data is based on a single female driver, full physical damage coverage, and no discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2017,1843,1651,1469],[‘Age 30’, 1413,1287,1141,1001],[‘Age 40’, 1309,1193,1063,937],[‘Age 50’, 1143,1043,929,819],[‘Age 60’, 1105,1009,897,793],[‘Age 70’, 1279,1169,1047,931]]);var options = {title: ‘Effect of Higher Deductibles on Hyundai Elantra Insurance Rates in Ohio’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Hyundai Elantra’,minValue: 0,format: ‘$###,###’},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 data above shows that a 30-year-old driver could save $246 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $372 by using a $1,000 deductible. Even younger drivers, like the 20-year-old category, could lower their rates $548 each year by choosing a larger deductible amount. When insureds make the decision to increase the deductibles on their policy, it will be necessary to have emergency funds available to pay the extra out-of-pocket expense that is associated with using high deductibles.

Full coverage versus liability only rates

Finding the cheapest insurance for a Hyundai Elantra in Ohio should be important to most drivers, and an easy way to buy cheap insurance is to not insure for full coverage. The chart below illustrates the comparison of auto insurance costs when comparing full coverage to liability only. The premiums assume no claims, a clean driving record, $100 deductibles, single status, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 2845,815],[‘Age 30’, 1429,451],[‘Age 40’, 1439,419],[‘Age 50’, 1307,393],[‘Age 60’, 1265,387],[‘Age 70’, 1541,513]]);var options = {title: ‘Full Coverage Rates Versus Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Hyundai Elantra in Ohio’,minValue: 0,format: ‘$###,###’},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 all age groups are averaged, physical damage insurance costs $1,638 per year over liability only. Many of you may wonder when is the right time to remove full coverage. There is no exact rule for excluding physical damage coverage, but there is a general convention. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

There are some situations where dropping full coverage is not a good idea. If you haven’t satisfied your loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should maintain full coverage.

State Farm, Geico, Allstate, and Progressive compared

If you’re looking for the cheapest auto insurance, four companies to consider are State Farm, Geico, Allstate, and Progressive. They all have the same basic coverages, but each one has different optional coverages and features that may influence your buying decision. The next table rates ratings for price and service, as well as some optional coverages that you can purchase from each one.

Who has the cheapest Hyundai Elantra insurance quotes?

Drivers have many ways to shop for and buy auto insurance in Ohio, but the most preferred are through an exlusive agent like State Farm or Allstate, an independent or non-exclusive agent, or buying direct from a company like Progressive or Geico.

They all follow the same basic process, but buyers should know the differences in how they price policies.

Independent insurance agencies write business for many companies and can get policy pricing from each one. Agents of this type do not work for one specific company and can get prices from more than one company, which can give you a better chance of saving money. If they find a cheaper price, they simply move your policy to a different company which requires no work on your part.

Exclusive agents are only able to write with a single insurance company such as an Allstate or State Farm agent. These agents are not able to provide rates from more than one company, so it’s a take it or leave it situation.

Opting to purchase auto insurance direct means you skip an independent or exclusive agent and instead shop from a direct company like Esurance or Progressive. Shopping direct may be good for people who do not need high amounts of coverage and have a decent understanding of what specific coverages they need.

What is the best way to find the cheapest insurance for a Hyundai Elantra in Ohio? One answer would be buying from a direct company results in the best prices because there is no agent taking a commission, but that turns out to not be true. We’d also like to say buying auto insurance from an independent agent results in the cheapest rates because they can shop around, but that idea is not necessarily true either. For some people, exclusive agents may have very competitive prices that are impossible to beat.

Due to the fact that auto insurance rates vary so much, the best method to find out which one is cheapest is to compare, compare, and compare some more. Make the effort to get quotes from all three to have a good selection of rates to choose from. A great place to start is our list of online companies offering discounts: click here to view.