Do you want to save money by finding lower-priced Hyundai Elantra insurance in Norfolk? No normal person is fond of buying insurance, especially when they are aware that they are paying too much.

Insurance quote for Hyundai Elantra in NorfolkRemarkably, a study showed that the vast majority of insurance customers renewed their policy with the same company for at least the last four years, and roughly 40% of drivers have never taken the time to shop around. Many drivers in Norfolk could cut their rates by approximately $500 a year by just comparing quotes, but most just don't grasp the big savings they would realize if they moved their coverage to a different company.

Because there are so many insurance companies to choose from, it can be challenging to pick the most cost effective company.

Smart consumers take time to price shop coverage before your policy renews since prices are adjusted regularly by insurance companies. Even if you got the lowest rates on Hyundai Elantra insurance in Norfolk six months ago other companies may now be cheaper. Ignore everything you know about insurance because you're going to get a crash course in the quickest way to save money, get proper coverage and the best rates.

Buying affordable car insurance in Norfolk seems hard but is not really that difficult. Practically each driver who is required by state law to have car insurance stands a good chance to find a lower-cost policy. Although Virginia car owners do need to know how companies calculate your policy premium and use it to your advantage.

Compare Norfolk Hyundai Elantra insurance quotes

To get low cost Norfolk car insurance quotes, there a variety of ways to compare rate quotes from different Norfolk insurance companies. The easiest way by far to find cheaper Hyundai Elantra rates is simply to get online rate quotes.

Getting rate quotes online is very simple and it makes it a waste of time to drive around to different Norfolk agent offices. Buying insurance online eliminates the middleman unless you want the professional assistance only provided by licensed Norfolk agents. It is possible to get the lowest quotes online but buy from a local insurance agent.

Keep in mind that comparing more prices increases your odds of finding a better price. Some regional insurers cannot provide Norfolk Elantra insurance quotes online, so it's important to compare rates from them, too.

The companies shown below have been selected to offer free rate quotes in Virginia. If the list has multiple companies, it's a good idea that you compare several of them in order to find the cheapest rates.

Hyundai Elantra Insurance Rates in Norfolk, VA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $140 $222 $218 $12 $66 $658 $55
Elantra Blue 4-Dr Sedan $122 $312 $290 $18 $88 $830 $69
Elantra GLS 4-Dr Sedan $214 $462 $262 $16 $78 $1,032 $86
Elantra SE 4-Dr Sedan $190 $462 $290 $18 $88 $1,048 $87
Elantra SE Touring Station Wagon $120 $242 $264 $16 $80 $722 $60
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Prices do not factor in Norfolk location which can decrease or increase premium rates greatly.

How high should deductibles be?

When comparing auto insurance rates, the most common question is where to set your physical damage deductibles. The tables below may help you to understand the differences in premium rates between high and low physical damage deductibles. The first pricing table uses a $100 physical damage coverage deductible and the second rate chart uses a $1,000 deductible.

Hyundai Elantra insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $192 $328 $218 $12 $66 $841 $70
Elantra Blue 4-Dr Sedan $192 $472 $258 $16 $78 $1,041 $87
Elantra GLS 4-Dr Sedan $222 $472 $258 $16 $78 $1,071 $89
Elantra SE 4-Dr Sedan $222 $472 $258 $16 $78 $1,071 $89
Elantra SE Touring Station Wagon $222 $400 $218 $12 $66 $943 $79
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Hyundai Elantra insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $108 $174 $218 $12 $66 $578 $48
Elantra Blue 4-Dr Sedan $108 $248 $258 $16 $78 $708 $59
Elantra GLS 4-Dr Sedan $122 $248 $258 $16 $78 $722 $60
Elantra SE 4-Dr Sedan $122 $248 $258 $16 $78 $722 $60
Elantra SE Touring Station Wagon $122 $210 $218 $12 $66 $628 $52
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rates do not factor in vehicle location which can affect premium rates noticeably.

Based on this data, using a $100 deductible will cost you approximately $27 more each month or $324 for a full year than quoting the higher $1,000 deductible. Because you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 33 months between claims, you would probably come out ahead if you elect the higher deductible.

Discounts mean cheaper rates for Hyundai Elantra insurance in Norfolk

Properly insuring your vehicles can get expensive, but you may find discounts to reduce the price significantly. A few discounts will be applied at the time of purchase, but less common discounts must be manually applied before being credited. If you don't get every credit you deserve, you are just wasting money.Insurance discounts

As is typical with insurance, many deductions do not apply to the overall cost of the policy. Most only cut individual premiums such as comp or med pay. Despite the appearance that having all the discounts means you get insurance for free, it just doesn't work that way.

Popular insurance companies and a selection of discounts can be read below.

Before buying, ask all companies you are considering how many discounts you can get. Some of the discounts discussed earlier might not be offered in Norfolk. If you would like to view insurance companies with the best discounts in Norfolk, follow this link.

Compare rate quotes but still have a local Norfolk insurance agent

Some people still like to visit with an insurance agent. The biggest benefit of getting online price quotes is that you can find cheap car insurance quotes and also buy local.

Find insurance agent in NorfolkOnce you complete this form (opens in new window), your insurance data is instantly submitted to local insurance agents who will give competitive quotes for your coverage. There is no need to drive around due to the fact that quote results will go to you. You can get cheaper car insurance rates and work with a local agent. In the event you want to get a rate quote from one company in particular, you would need to navigate to their website and give them your coverage information.

Finding a good insurance company should depend on more than just a cheap quote. Any agent in Norfolk should be forthright in answering these questions:

Two types of auto insurance agents

If you prefer to buy car insurance from a good insurance agency, you should know the different types of agents from which to choose. Car insurance agents in Norfolk are classified as either exclusive or independent agents depending on their company appointments.

Exclusive Insurance Agents

Exclusive insurance agents generally can only insure with one company such as American Family, State Farm, and Allstate. Exclusive agents are unable to give you multiple price quotes so always compare other rates. Exclusive agents are well trained on their company's products which can be an advantage.

Shown below are Norfolk exclusive agents who may provide you with price quote information.

1815 E Little Creek Rd - Norfolk, VA 23518 - (757) 480-0033 - View Map

645 Church St #101 - Norfolk, VA 23510 - (757) 512-5034 - View Map

5812 Poplar Hall Dr b - Norfolk, VA 23502 - (757) 552-0111 - View Map

More Norfolk agents

Independent Agents

Independent agents do not have single company limitations and that gives them the ability to insure with many different companies and find the cheapest car insurance rates. If premiums increase, an independent agent can move your coverage and you don't have to do anything. If you need cheaper car insurance rates, we highly recommend that you compare prices from a couple of independent agencies to get the best comparison.

The following is a short list of independent insurance agencies in Norfolk that can give you price quotes.

999 Waterside Dr - Norfolk, VA 23510 - (757) 751-9098 - View Map

1011 W Little Creek Rd - Norfolk, VA 23505 - (757) 588-7717 - View Map

150 W Main St - Norfolk, VA 23510 - (757) 622-4573 - View Map

More Norfolk agents

You may need specialized car insurance coverage

When it comes to buying a policy, there isn't really a best way to insure your cars. Every insured's situation is different and a cookie cutter policy won't apply.Car insurance savings These are some specific questions can aid in determining if you might need professional guidance.

If it's difficult to answer those questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

You Can Change Your Insurance Prices

Consumers need to have an understanding of the rating factors that are used to determine auto insurance rates. When consumers understand what determines base rates, this helps enable you to make changes that will entitle you to much lower annual insurance costs. Lots of factors are taken into consideration when you get your auto insurance bill. Some factors are common sense such as traffic violations, but other factors are not as apparent such as your marital status and annual miles driven.

Get married and pay less - Having a wife or husband can actually save you money compared to being single. Marriage translates into being more mature and responsible and insurance companies like that married couples file fewer claims.

Deter car thieves - Buying a car that has an advanced theft prevention system can help bring down rates. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop car theft and help bring rates down.

Male prices may be higher - Over the last 30 years, statistics show women are more cautious behind the wheel. However, don't assume that women are better drivers. Women and men get in accidents at about the same rate, but males have costlier accidents. Men also statistically get higher numbers of serious violations like reckless driving and DUI. Male teenagers are several times more likely to be in an accident so it costs more to insure them.

Improve your credit rating and save - A driver's credit score can be a huge factor in your rate calculation. Consumers who have good credit tend to file fewer claims and have better driving records than drivers with bad credit. Therefore, if your credit is not that good, you could be paying less to insure your Hyundai Elantra by improving your credit score.

Careless driving means higher premiums - Having just one moving violation can boost insurance rates by as much as twenty percent. Drivers who don't get tickets pay less for auto insurance as compared to careless drivers. Drivers with license-revoking violations like DUI or reckless driving may find that they have to to submit a SR-22 form with the DMV in their state in order to legally drive a vehicle.

Claims statistics for a Hyundai Elantra - Insurance companies analyze historical claim data when setting premium rates. Models that have a higher amount or frequency of claims will cost more for coverage.

The table shown below demonstrates the compiled insurance loss statistics for Hyundai Elantra vehicles. For each coverage type, the loss probability for all vehicles compiled together equals 100. Numbers that are below 100 indicate a favorable loss history, while values over 100 indicate higher probability of having a loss or an increased likelihood of larger losses.

Insurance Loss Ratings for Hyundai Elantra Vehicles

Vehicle 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

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Insurance is not optional but you don't have to overpay

Despite the high cost of buying insurance for a Hyundai Elantra in Norfolk, paying for insurance is required in Virginia but also provides important benefits.

First, most states have compulsory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability insurance coverage in order to get the vehicle licensed. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.

Second, if you took out a loan on your car, it's guaranteed your bank will force you to carry insurance to protect their interest in the vehicle. If the policy lapses, the bank will be required to insure your Hyundai at a significantly higher premium and require you to fork over the higher price.

Third, insurance preserves both your vehicle and your assets. It will also reimburse you for hospital and medical expenses incurred in an accident. One policy coverage, liability insurance, also covers legal expenses in the event you are sued. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay to repair the damage.

The benefits of carrying enough insurance are definitely more than the cost, especially if you ever need it. But the average American driver is overpaying over $869 every year so you should quote rates each time the policy renews to save money.

One last thing about your coverage

Cheaper auto insurance in Norfolk can be sourced both online and from local agencies, and you should be comparing both to have the best rate selection. There are still a few companies who may not provide the ability to get a quote online and many times these small insurance companies only sell coverage through independent insurance agents.

As you shop your coverage around, it's not a good idea to skimp on coverage in order to save money. In too many instances, an accident victim reduced full coverage only to regret that the few dollars in savings costed them thousands. Your objective should be to buy enough coverage for the lowest price and still be able to protect your assets.

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