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

Buying the best cheap car insurance for a Hyundai Elantra in California depends on a complex formula that considers things such as age of the driver, your credit history, and the deductible amount you use. California drivers pay around $1,384 a year for Elantra insurance, but that amount is an approximation calculated using a 30-year-old married male driver with full comprehensive and collision coverage and $100 deductibles.

This brings up the issue that more than likely you may not be 30 years old (or even male), you might be single instead of married, or you just want cheap liability insurance instead of full coverage. Just a slight change in rating factors or requested coverage amount could end up in a significant change in the cost of insuring your Elantra.

Everone’s needs are different, and this illustrates why the best method for finding the cheapest rates for your Hyundai is to compare rates from as many companies as possible. It only takes a few minutes and you will receive prices from the best companies available.

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Your vehicle’s trim level tends to have a direct effect on price, so the rate you pay to insure a Elantra GLS Touring Station Wagon model will be $170 cheaper than the price to insure the higher-priced Elantra SE Touring Station Wagon model, as shown in the prices below.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Price estimates do not factor in vehicle location which can lower or raise insurance rates noticeably.

Buying coverage from a high-quality car insurance company can be rather challenging considering how many different companies there are to choose from in Oakland. The information displayed below could help you select which insurers to look at when comparing rates.

The ratings below are only made up of large, nationwide insurance companies, so smaller regional companies are not included in these rankings. To check rates from the most competitive companies in California, follow this link.

Top 10 Major Auto Insurers Overall in Oakland

1. USAA
2. American Family
3. AAA of Southern California
4. State Farm
5. The Hartford
6. AAA Insurance
7. GEICO
8. The General
9. Titan Insurance
10. Progressive

Top 10 Major Auto Insurers in Oakland Ranked by Customer Service

1. AAA of Southern California
2. GEICO
3. State Farm
4. The Hartford
5. Mercury Insurance
6. The General
7. Progressive
8. Allstate
9. AAA Insurance
10. American Family

Discount Oakland auto insurance

Insurance companies that offer cheap quotes for a Hyundai Elantra may also give you rate discounts that can lower rates by as much as 25% or more if you qualify for them. Popular auto insurance companies and their offered discounts include:

• GEICO includes discounts for defensive driver, military active duty, multi-policy, good student, and emergency military deployment.
• MetLife offers premium reductions for good student, multi-policy, good driver, accident-free, claim-free, and defensive driver.
• Progressive may include discounts for online quote discount, continuous coverage, good student, homeowner, and online signing.
• Travelers may have discounts that include new car, driver training, save driver, early quote, and student away at school.
• SAFECO may offer discounts for anti-lock brakes, bundle discounts, homeowner, anti-theft, safe driver, and drive less.
• AAA has discounts for education and occupation, pay-in-full, good driver, anti-theft, multi-policy, multi-car, and AAA membership discount.

The chart below visualizes the comparison of auto insurance rates with and without discounts applied to the policy premium. The price estimates are based on a male driver, no tickets, no at-fault accidents, California state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with marriage, accident-free, defensive driving course, multiple policy, homeowner, and vehicle safety discounts applied. When taking advantage of discounts, the average savings per year on auto insurance for a Hyundai Elantra is 28% or $730.

The illustration below shows how different deductible levels can impact annual premium costs when searching for cheap insurance for a Hyundai Elantra. The premiums are based on a married male driver, full coverage, and no additional discounts are factored in.

As shown above, a 50-year-old driver could save $402 a year by switching from a $100 deductible up to a $500 deductible, or save $604 by switching to a $1,000 deductible. Even younger drivers, like the age 20 example, can save up to $1,362 or more just by choosing higher deductibles.

When increasing deductibles, it is important to have enough spare savings to enable you to cover the extra out-of-pocket expense associated with higher deductibles.

Full coverage rates compared to liability only

Reducing the cost of auto insurance is probably important to the majority of vehicle owners, and a great way to buy cheap insurance for a Hyundai Elantra is to not pay for full coverage. The example below shows the difference between car insurance rates when comparing full coverage to liability only. The rate quotes are based on a clean driving record, no claims, $1,000 deductibles, single marital status, and no discounts are applied to the premium.

If the expense is averaged for all age categories, physical damage coverage on your policy costs an additional $2,308 per year more than just buying liability insurance. That is a large expense and it proposes the question if it’s worth it to buy full coverage. There is no definitive rule that works best for making the decision to drop physical damage insurance, but there is a general guideline. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s assume your vehicle’s settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $3,000 after the deductible is paid. If premium cost is more than $300 annually to have full coverage, then it’s probably a good time to buy liability coverage only.

There are some circumstances where dropping full coverage is not recommended. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not buy liability only.

If you have questions and prefer to have a consultation when trying to find lower insurance rates for an Elantra, the agents shown below are a good start to aid you in deciding which coverage meets your needs best.

To locate an agency by location nearest to you, click the button link following the list.

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