Who Has Cheap Car Insurance Quotes for a Hyundai Elantra in Durham?

Buying competitive coverage for a Hyundai Elantra in North Carolina doesn’t take a lot of effort, but it is dependent upon a lot of things such as age of the driver, the likelihood of vehicle theft, and any prior driving offenses. North Carolina drivers pay on average $526 annually for Elantra insurance, but that amount is an estimate based upon a 40-year-old married male driver with full coverage and $1,000 deductibles.

Most likely you may not be 40 years old (or even male), you might be single instead of married, or maybe you just want liability only instead of full coverage. Even a minor difference in rating criteria or coverage limits can result in a large change in rates.

There is no one cookie-cutter policy that works for everyone, so the way we recommend to find affordable rates for your Hyundai is to do the rate comparisons yourself.

Insure Your Hyundai for Less

Your vehicle’s trim level will have an impact the coverage cost, so the price you will be charged to insure a Elantra GLS Touring Station Wagon model will be $48 less than the price to insure the more costly Elantra SE Touring Station Wagon model, as demonstrated by the prices below.

Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Information does not factor in garaging location in Durham which can change coverage prices substantially.

Choosing the top insurer can be rather challenging considering how many companies are available to choose from in Durham. The ranking data shown next can help you decide which coverage providers you want to consider comparing rate quotes with. The rankings below are for companies that insure vehicles nationwide, so smaller companies are not taken into consideration for the list.

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

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

The illustration below illustrates how choosing a deductible can increase or decrease insurance costs when getting quotes for cheap insurance for a Hyundai Elantra. The rates are based on a single female driver, full coverage, and no discounts are factored in.

As shown above, a 30-year-old driver could lower rates by $226 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $340 by using a $1,000 deductible. Even younger drivers, like the Age 20 category, could shave as much as $502 or more by choosing a higher deductible.

If you do raise deductibles, it is a good idea to have additional funds in a savings account to cover the extra out-of-pocket expense that comes with higher deductibles.

How much more does full coverage cost?

Saving on insurance is the goal of most people, and one good way to buy cheap insurance for a Hyundai Elantra is to only pay for liability coverage. The illustration below shows the difference between premium costs with full physical damage coverage compared to only buying liability only. The data assumes no claims or violations, $100 deductibles, drivers are not married, and no additional discounts are factored in.

If averaged for all ages, comprehensive and collision coverage on your policy costs $1,596 per year over liability only. At some point, about every driver wonders if it’s worth it to buy full coverage. There is no clear-cut rule to exclude physical damage coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s say your vehicle’s replacement value is $12,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $11,000 after the policy deductible has been paid. If premiums are more than $1,100 annually for physical damage coverage, then it might be time to consider dropping full coverage.

Who has the cheapest Elantra insurance?

Durham insurance rates are based on many factors which can significantly increase or decrease the cost of a policy. Simply improving your credit, buying a different home, or getting a couple of tickets can trigger rate changes that can cause some rates to be cheaper than others. And not only may your rating factors change, but insurance companies amend premium rates without warning in order to protect their financial rating. Higher than usual claims can cause increased policy costs, while a profitable period may cause cheaper Elantra insurance rates.

The data below shows the cheapest car insurance in Durham, NC for a 30-year-old female driver with no accidents, a clean driving record, and a high credit rating. If we estimate prices based on her current risk profile, Utica National offers the cheapest car insurance rates in Durham at $783 a year. This is $89 less than the average premium paid by North Carolina drivers of $872. Progressive, NC Farm Bureau, Liberty Mutual, and Titan are the rest of the top five cheapest Durham, NC auto insurance companies.

In this next rate comparison, we will give the driver from the first rate comparison an at-fault accident, bad credit, and a blemish on her driving record. Because each insurer uses their own method to determining premium rates, analyzing rate quotes will most likely result in a slightly different list of the cheapest companies as shown below.

State Farm now has the best insurance rate in Durham with GEICO, Auto-Owners, National General, and Travelers also being competitive. This example proves why Durham drivers need to spend some time comparing rates when trying to find the most affordable car insurance quotes for a Hyundai Elantra. Car insurance prices are calculated by many factors and change frequently, so the most affordable company three years ago may now be priced much higher than other options.

How to find budget-friendly car insurance for a Hyundai Elantra

Lowering your rates is not difficult, and here are a few thrifty solutions that can help Durham drivers get cheap coverage.

• Maintain a clean driving record
• Prevent rate increases by staying accident-free
• Safe vehicles cost less to insure
• Older vehicles may not need full coverage
• Increase physical damage deductibles
• Better credit rating means better rates
• Shop around once a year for cheaper rates

The last tip is extraordinarily valuable, as we noted in this piece. Car insurance prices in Durham vary considerably, so drivers shouldn’t hesitate to change insurance companies if a lower price can be found. Being loyal to a particular company is commendable, but it’s not a great idea if that loyalty ends up costing several hundred dollars every year. Take a few minutes and shop around and find cheaper auto insurance for a Hyundai Elantra.

The Durham car insurance agencies listed below can aid you in deciding which coverage meets your needs best, as many consumers aren’t sure which coverage to buy and prefer to get some professional advice when comparing insurance rates for an Elantra. It can be difficult to find the cheapest rates, and insurance agents licensed in the state of North Carolina can add satisfaction knowing your coverage gives you adequate coverage when you need it most. To locate an agency in your neighborhood, click the button following the list.

View map of Durham, NC insurance agents