How long has it been since you compared quotes for the cheapest auto insurance rates in Oakland, CA? Oakland consumers have many options when looking for affordable Hyundai Elantra insurance. They can either waste time contacting agents to get rate comparisons or utilize the internet to make rate comparisons. There are both good and bad ways to find auto insurance online so you’re going to learn the quickest way to price shop coverage for a new or used Hyundai and obtain the best price possible either online or from Oakland insurance agents.
It’s a great practice to do rate comparisons yearly since rates tend to go up over time. Even if you got the best rate on Hyundai Elantra insurance in Oakland a couple years back other companies may now be cheaper. You can find a lot of information about Elantra insurance on the internet, but in a few minutes you can learn the best ways to lower your auto insurance bill.
These discounts can lower your insurance rates
Insurance can cost an arm and a leg, but there could be significant discounts to reduce the price significantly. Some discounts will apply when you complete an application, but less common discounts must be asked about before you will receive the discount.
- Military Rewards – Being deployed with a military unit may qualify for rate reductions.
- Multi-line Discount – Select companies reward you with better rates if you take out a life insurance policy as well.
- Drivers Ed for Students – Require your teen driver to take driver’s ed class in school.
- Payment Discounts – If you pay your entire premium ahead of time instead of paying each month you may reduce your total bill.
- Responsible Driver Discounts – Insureds who avoid accidents can save as much as half off their rates compared to rates paid by drivers with frequent claims.
- No Claim Discounts – Drivers with accident-free driving histories can earn big discounts in comparison with drivers who are more careless.
A quick disclaimer, most of the big mark downs will not be given to the entire policy premium. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears having all the discounts means you get insurance for free, nobody gets a free ride.
The information below illustrates the difference between Hyundai Elantra car insurance rates with and without policy discounts. The premiums assume a female driver, no accidents or driving violations, California state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-policy, multi-car, claim-free, and safe-driver discounts applied.
If you would like to choose from a list of insurance companies with the best discounts in Oakland, follow this link.
The quickest way to compare car insurance company rates for Hyundai Elantra insurance in Oakland takes advantage of the fact most insurance companies will pay a fee to give you rate quotes. The only thing you need to do is give the companies some data such as your job, how much school you completed, if it has an alarm system, and if the car is leased. Your insurance information is instantly provided to many of the top insurers and they return rate quotes immediately.
If you wish to get multiple quotes for your Hyundai Elantra now, click here and complete the quick form.
The companies in the list below are our best choices to provide quotes in California. To buy cheap auto insurance in Oakland, it’s highly recommended you compare several of them to get the best price comparison.
Hyundai Elantra insurance analysis
The premium table displayed next covers a range of prices for Hyundai Elantra models. Understanding how policy premiums are determined can assist in making decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $158 | $292 | $424 | $26 | $128 | $1,028 | $86 |
| Elantra Blue 4-Dr Sedan | $158 | $418 | $500 | $30 | $150 | $1,256 | $105 |
| Elantra GLS 4-Dr Sedan | $182 | $418 | $500 | $30 | $150 | $1,280 | $107 |
| Elantra SE 4-Dr Sedan | $182 | $418 | $500 | $30 | $150 | $1,280 | $107 |
| Elantra SE Touring Station Wagon | $182 | $354 | $424 | $26 | $128 | $1,114 | $93 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Prices do not factor in your specific Oakland location which can lower or raise auto insurance rates substantially.
Analysis of deductible levels
When buying insurance, a common question is which comprehensive and collision deductibles to buy. The data tables below help summarize how much more rates are when you select higher and lower insurance deductibles. The first set of rates uses a $100 deductible for comp and collision and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $332 | $564 | $376 | $22 | $112 | $1,431 | $119 |
| Elantra Blue 4-Dr Sedan | $332 | $810 | $442 | $26 | $132 | $1,767 | $147 |
| Elantra GLS 4-Dr Sedan | $380 | $810 | $442 | $26 | $132 | $1,815 | $151 |
| Elantra SE 4-Dr Sedan | $380 | $810 | $442 | $26 | $132 | $1,815 | $151 |
| Elantra SE Touring Station Wagon | $380 | $686 | $376 | $22 | $112 | $1,601 | $133 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $184 | $298 | $376 | $22 | $112 | $992 | $83 |
| Elantra Blue 4-Dr Sedan | $184 | $426 | $442 | $26 | $132 | $1,210 | $101 |
| Elantra GLS 4-Dr Sedan | $210 | $426 | $442 | $26 | $132 | $1,236 | $103 |
| Elantra SE 4-Dr Sedan | $210 | $426 | $442 | $26 | $132 | $1,236 | $103 |
| Elantra SE Touring Station Wagon | $210 | $362 | $376 | $22 | $112 | $1,082 | $90 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Estimates do not factor in specific location which can change rates substantially.
Based on these figures, using a $100 deductible costs an average of $44 more each month or $528 every year across all Hyundai Elantra models than quoting the higher $1,000 deductible. Because you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 20 months between claim filings, you would save money if you opt for a higher deductible.
Rate difference between full and liability-only coverage
The example below shows the comparison of Hyundai Elantra insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in California. Data assumes no tickets, no at-fault accidents, $500 deductibles, single status, and no additional discounts are factored in.
Are you wasting money paying for full coverage?
There is no set guideline for phasing out full coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let’s pretend your Hyundai Elantra replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $3,000 after paying the physical damage deductible. If it’s costing you more than $300 annually for full coverage, then it’s probably a good time to buy liability coverage only.
There are a few cases where only buying liability is not recommended. If you haven’t paid off your loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not opt for liability only.
Cut Insurance Costs with These Tips
Many different elements are used in the calculation when quoting car insurance. Some factors are common sense like your driving record, but others are less apparent such as whether you are married or your financial responsibility. The best way to find cheaper auto insurance is to take a look at some of the elements that help calculate your policy premiums. When you understand what determines premiums, this helps enable you to make changes that may result in cheaper rates.
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The type of car, truck or SUV makes a difference – The performance level of the vehicle you are trying to find cheaper insurance for makes a substantial difference in determining your rates. Economy passenger cars receive the most favorable rates, but the final cost of insurance is determined by many other factors.
The following chart assumes a single male driver age 30, full coverage with $250 deductibles, and no discounts or violations. It illustrates Hyundai Elantra insurance premiums compared to other vehicles that have a range of performances.
- Frequent insurance claims will increase rates – Car insurance companies in California provide the best rates to people who are not frequent claim filers. If you’re an insured who likes to file claims you can definitely plan on higher premiums or even policy non-renewal. Your insurance policy is meant to be used in the event of the large, substantial claims.
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Cautious drivers pay the best costs – Your driving record impacts premiums far more than you think. Drivers with clean records get better rates compared to drivers with tickets. Even one citation can bump up the cost twenty percent or more. People who have severe tickets such as reckless driving, hit and run or driving under the influence may find that they have to to file a SR-22 to the state department of motor vehicles in order to keep their license.
The diagram below highlights how speeding tickets and at-fault accidents can raise Hyundai Elantra insurance costs for different age groups. The prices are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
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Men drivers tend to cost more – Statistics have proven that females take fewer risks when driving. This data doesn’t prove that women are better drivers. Females and males have fender benders in similar numbers, but males tend to have more serious accidents. Men also receive more major tickets such as DWI and reckless driving. Teenage male drivers tend to get in the most accidents so it costs more to insure them.
The example below illustrates the comparison of Hyundai Elantra car insurance costs for male and female drivers. The costs are based on no claims or driving citations, full physical damage coverage, $500 deductibles, drivers are single, and no discounts are factored in.
- If you don’t need it don’t buy it – There are a lot of extra coverages that can waste your money but may not be useful. Coverage for things like personal injury protection, death and dismemberment, and Farm Bureau memberships are examples of these. They may seem like a good idea when discussing your needs, but if you don’t need them remove them from your policy.
- High credit rating translates to low rates – Credit history can be a huge factor in determining your rates. Drivers with excellent credit scores tend to be more responsible and file fewer claims than those with bad credit. If your credit rating is lower than you’d like, you could save money insuring your Hyundai Elantra by improving your credit score.
- Pay more out-of-pocket – Physical damage deductibles define the amount you are willing to pay out-of-pocket if you file a covered claim. Protection for physical damage, also called ‘full coverage’, covers damage that occurs to your car. Some examples of claims that would be covered could be colliding with a stationary object, fire damage, or theft of your vehicle. The larger the amount you have to pay, the lower your rates will be.
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Insurance losses for a Hyundai Elantra – Insurance companies factor in insurance loss information to calculate a rate that offsets possible losses. Vehicles that historically have higher frequency or amount of claims will have higher rates for specific coverages. The table below demonstrates the insurance loss data used by companies for Hyundai Elantra vehicles.
For each coverage type, the loss probability for all vehicles as a whole equals 100. Numbers below 100 suggest a positive loss record, while values over 100 show a trend for more claims or tendency to have higher losses.
Insurance Loss Ratings for Hyundai Elantra Vehicles Vehicle Make and 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 BETTERAVERAGEWORSEData Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
What if I want to buy from local Oakland insurance agents?
A small number of people prefer to talk to a local agent. Insurance agents are highly skilled in risk management and help you file claims. A nice benefit of getting free rate quotes online is that drivers can save money and get lower rates and still buy from a local agent.
To help locate an agent, after submitting this simple form, your information gets sent to participating agents in Oakland who will gladly provide quotes and help you find cheaper coverage. It’s much easier because you don’t need to find an agent on your own since price quotes are sent to your email. If you need to quote rates for a specific company, you would need to visit that company’s website and complete a quote there.
Choosing the best provider shouldn’t rely on just the bottom line cost. These are some questions your agent should answer.
- Do they offer claims assistance after hours?
- How are claims handled?
- If you are a high risk driver, do they have special markets for your coverage?
- Will you work with the agent or an assistant?
- Is every driver in your family covered?
- Can glass repairs be made at your home?
- Is the agency active in community causes in Oakland?
- Do they get extra compensation for selling add-on coverages?
The difference between Oakland car insurance agents
If you are wanting to purchase insurance from a local agent, it’s important to understand the different types of agencies and how they differ in how they can insure your vehicles. Insurance agents in Oakland can either be exclusive or independent. Either one can sell and service insurance coverage, but it’s important to know the differences since it can affect buying decisions.
Exclusive Agencies
Exclusive insurance agents can only quote rates from one company and examples are Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot provide prices from multiple companies so they really need to provide good service. Exclusive agents receive extensive training on the products they sell which helps overcome the inability to quote other rates. Some insured continue to buy from exclusive agents mainly due to high brand loyalty rather than having the cheapest rates.
The following is a short list of exclusive agencies in Oakland who can help you get comparison quotes.
- Farmers Insurance – Jimmie Oliver
1800 55th Ave – Oakland, CA 94621 – (510) 517-7663 – View Map - Farmers Insurance – Kim McGuire Reid
4323 Piedmont Ave – Oakland, CA 94611 – (510) 428-2016 – View Map - Allison, Charlie – State Farm Insurance Agent
7677 Oakport St #530 – Oakland, CA 94621 – (510) 777-0123 – View Map
Independent Agencies or Brokers
Agents that choose to be independent can quote rates with many companies and that allows them to write policies through many companies and get you the best rates possible. To transfer your coverage to a different company, your agent can switch companies which is easy for the insured.
When comparison shopping, we highly recommend that you get several quotes from several independent insurance agents for maximum quote selection. A lot of them also have access to lesser-known insurance companies which may provide better rates.
Shown below are Oakland independent agencies that can give you comparison quotes.
- Film Casualty Insurance Agency
3246 Ettie St #23 – Oakland, CA 94608 – (619) 578-3048 – View Map - Cook Disharoon and Greathouse Insurance Brokers
1942 Embarcadero – Oakland, CA 94606 – (510) 437-1900 – View Map - David E. Quan Agency Insurance Brokers, Inc.
523 47th St – Oakland, CA 94609 – (510) 653-8880 – View Map
Insurance is not optional
Despite the high cost of buying insurance for a Hyundai Elantra in Oakland, insurance is required for several reasons.
- The majority of states have compulsory liability insurance requirements which means you are required to buy specific minimum amounts of liability insurance if you drive a vehicle. In California 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 you have a loan on your Hyundai Elantra, it’s guaranteed your bank will make it mandatory that you have physical damage coverage to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the bank will be required to insure your Hyundai at a much higher premium rate and force you to reimburse them a much higher amount than you were paying before.
- Insurance preserves not only your vehicle but also your assets. Insurance will also pay for many types of medical costs for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if anyone sues you for causing an accident. If your Hyundai gets damaged, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of insuring your Elantra more than offset the price you pay, particularly for liability claims. But the average driver in California overpays more than $830 a year so smart consumers compare quotes every year to help ensure money is not being wasted.
Quote often and quote early
Low-cost Hyundai Elantra insurance in Oakland is available on the web in addition to local insurance agencies, so you should compare both to have the best rate selection. Some auto insurance companies do not offer online price quotes and many times these smaller providers work with independent agents.
Consumers change insurance companies for any number of reasons including being labeled a high risk driver, delays in paying claims, delays in responding to claim requests and extreme rates for teen drivers. Regardless of your reason, finding a new auto insurance company is easier than you think.
When shopping online for auto insurance, it’s very important that you do not buy poor coverage just to save money. In many instances, drivers have reduced uninsured motorist or liability limits and found out when filing a claim that the few dollars in savings costed them thousands. Your objective should be to purchase a proper amount of coverage at an affordable rate.
How to find low-cost Hyundai Elantra insurance in Oakland
The best way to get more affordable Hyundai Elantra insurance in Oakland is to start comparing prices regularly from different companies that insure vehicles in California. You can compare rates by following these guidelines.
- Gain an understanding of how auto insurance works and the things you can control to drop your rates. Many things that result in higher rates like at-fault accidents, careless driving, and an unacceptable credit history can be improved by paying attention to minor details.
- Request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from one company like GEICO or Farmers Insurance, while independent agencies can quote prices from multiple companies.
- Compare the new rate quotes to your existing policy to see if cheaper Elantra coverage is available in Oakland. If you find a better price, ensure coverage does not lapse between policies.
An important bit of advice to remember is to try to use identical coverages on each quote request and and to get prices from every company you can. This provides a level playing field and a better comparison of the market.
More detailed auto insurance information can be read in the articles below:
- Avoiding Deer Collisions (Insurance Information Institute)
- What Insurance is Cheapest for a Hyundai Sonata in Oakland? (FAQ)
- How Much is Car Insurance for Drivers with Accidents in Oakland? (FAQ)
- Who Has Affordable Car Insurance for a Company Car in Oakland? (FAQ)
- Event Data Recorders FAQ (iihs.org)
- Liability Insurance Coverage (Nationwide)