Would you prefer to buy low-cost insurance rates in Denver, CO? Denver consumers have options when looking for low-cost Hyundai Elantra insurance. They can either spend hours contacting agents getting price quotes or leverage the internet to make rate comparisons. There is a right way and a wrong way to buy insurance so you’re going to learn the quickest way to compare rates for a new or used Hyundai and get the lowest price.
It’s a good idea to get comparison quotes periodically due to the fact that insurance prices fluctuate regularly. Even if you got the best rates on Hyundai Elantra insurance in Denver on your last policy there may be better deals available now. There is a lot of wrong information about Elantra insurance on the internet, but we’re going to give you some great ideas on how to save money.
Locating the most cost-effective auto insurance policy in Denver is actually not that difficult if you follow our advice. If you have a policy now, you should be able to get lower rates using these methods. Drivers just need to know the quickest method to get comparison rates from many different companies online.
Insurance policy discounts you can’t miss
Some insurers don’t always publicize their entire list of discounts in a way that’s easy to find, so here is a list some of the best known and also the more inconspicuous discounts that may be available. If you do not check that you are getting every discount available, you are throwing money away.
- Accident-Free Discounts – Denver drivers who stay claim-free can earn big discounts as opposed to bad drivers.
- Discounts for Responsible Drivers – Drivers who don’t get into accidents can save as much as half off their rates compared to accident prone drivers.
- Federal Employees – Federal government employees could cut as much as 10% off with a few insurance companies.
- Club Memberships – Participating in specific professional or occupational memberships or organizations could trigger savings on insurance.
- College Student Discount – Older children who live away from home to go to college without a vehicle on campus may be insured at a cheaper rate.
- Multi-policy Discount – If you combine your home and auto policies with one insurance company you will save over 10 percent off each policy depending on the company.
- Anti-theft System – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen and qualify for as much as a 10% discount.
- Accident Forgiveness – This one isn’t a discount, but companies like Allstate, State Farm and GEICO will allow you to have one accident before they charge you more for coverage so long as you haven’t had any claims prior to being involved in the accident.
- Driving Data Discount – Insureds who allow their insurance company to analyze their driving habits by using a telematics device in their vehicle such as Allstate’s Drivewise and State Farm’s In-Drive system could possibly reduce rates if they exhibit good driving behavior.
A little disclaimer on discounts, most discounts do not apply to all coverage premiums. Most cut the price of certain insurance coverages like liability, collision or medical payments. So despite the fact that it appears all those discounts means the company will pay you, you’re out of luck.
To view providers who offer insurance discounts in Colorado, click here.
Finding a lower price on Hyundai Elantra insurance is a fairly straight forward process. All that’s required is to invest a little time comparing free Denver auto insurance quotes provided by online insurance companies.
The car insurance companies shown below offer comparison quotes in Denver, CO. If more than one company is shown, we recommend you compare several of them to get a more complete price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $186 | $298 | $304 | $18 | $92 | $898 | $75 |
| Elantra Blue 4-Dr Sedan | $144 | $390 | $426 | $26 | $128 | $1,114 | $93 |
| Elantra GLS 4-Dr Sedan | $144 | $350 | $396 | $24 | $118 | $1,032 | $86 |
| Elantra SE 4-Dr Sedan | $214 | $426 | $358 | $22 | $108 | $1,128 | $94 |
| Elantra SE Touring Station Wagon | $152 | $264 | $308 | $18 | $92 | $834 | $70 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Rate information does not factor in specific garaging location which can increase or decrease insurance rates noticeably.
Drive responsibly or pay higher rates
The illustration below illustrates how violations and at-fault fender-benders can drive up Hyundai Elantra car insurance rates for different age groups. The costs are based on a married male driver, comp and collision included, $500 deductibles, and no policy discounts are applied.
How high should deductibles be?
The hardest decision when buying coverage is which deductible level should you buy. The figures shown below determine how much more you’ll pay between high and low comp and collision deductibles. The first rate estimation uses a $100 deductible and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $264 | $448 | $298 | $18 | $90 | $1,143 | $95 |
| Elantra Blue 4-Dr Sedan | $264 | $644 | $352 | $20 | $106 | $1,411 | $118 |
| Elantra GLS 4-Dr Sedan | $302 | $644 | $352 | $20 | $106 | $1,449 | $121 |
| Elantra SE 4-Dr Sedan | $302 | $644 | $352 | $20 | $106 | $1,449 | $121 |
| Elantra SE Touring Station Wagon | $302 | $546 | $298 | $18 | $90 | $1,279 | $107 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $146 | $236 | $298 | $18 | $90 | $788 | $66 |
| Elantra Blue 4-Dr Sedan | $146 | $340 | $352 | $20 | $106 | $964 | $80 |
| Elantra GLS 4-Dr Sedan | $168 | $340 | $352 | $20 | $106 | $986 | $82 |
| Elantra SE 4-Dr Sedan | $168 | $340 | $352 | $20 | $106 | $986 | $82 |
| Elantra SE Touring Station Wagon | $168 | $288 | $298 | $18 | $90 | $862 | $72 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Information does not factor in vehicle location which can raise or lower rates significantly.
Using the data above, we can ascertain that using a $100 deductible could cost the average driver approximately $36 more each month or $432 for a full year than quoting the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 25 months between claim filings, you would save money if you decide on a higher deductible. Here is a better example of how this determination is made.
| Average monthly premium for $100 deductibles: | $112 |
| Average monthly premium for $1,000 deductibles (subtract): | – $76 |
| Monthly savings from raising deductible: | $36 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $36 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 25 months |
An important thing to remember is that raising deductibles results in having to pay to pay more out-of-pocket when you have a physical damage claim. You need to make sure you have some funds available in the event you have to pay the higher deductible.
Hyundai Elantra insurance costs by gender and age
The example below shows the comparison of Hyundai Elantra annual premium costs for male and female drivers. The premiums assume no accidents or driving violations, full physical damage coverage, $250 deductibles, marital status is single, and no additional discounts are factored in.
When in doubt talk to an agent
When selecting coverage online or from an agent for your vehicles, there really isn’t a cookie cutter policy. Your needs are unique to you.
For example, these questions can help discover whether or not you will benefit from professional help.
- Why am I be forced to buy a membership to get insurance from some companies?
- What is an adequate liability insurance limit?
- How much underlying liability do I need for an umbrella policy?
- Should I rate my Hyundai Elantra as pleasure use or commute?
- Do I get a pro-rated refund if I cancel my policy early?
- Am I covered when driving on a suspended license?
- Am I missing any policy discounts?
If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form. It is quick, free and you can get the answers you need.
Local Denver car insurance agents
A small number of people still like to visit with an insurance agent and we recommend doing that Experienced insurance agents are trained to spot inefficiencies and give you someone to call. One of the great benefits of getting free rate quotes online is that you can find lower rates and still have an agent to talk to.
After filling out this quick form, your information is emailed to insurance agents in Denver that can provide free Denver auto insurance quotes for your business. You won’t even need to leave your house due to the fact that quote results will go to the email address you provide. If you wish to compare rates from a particular provider, you just need to visit that company’s website and fill out their quote form.
Choosing an provider is decision based upon more than just a cheap price quote. The questions below may impact your decision as well.
- Do they write coverage based solely on cost?
- Where would glass claims be handled in Denver?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Does the agent have a valid license to sell insurance in Colorado?
- Which companies do they recommend if they are an independent agency?
If you would like to find a reliable insurance agency, you need to know there are two different agency structures and how they function. Insurance agents in Denver are classified as either exclusive or independent. Either one can provide insurance policies, but it’s important to know how they differ since it can affect your agent selection.
Exclusive Agents
These agents can usually just insure with one company and some examples include Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agencies are unable to compare rates from other companies so they have no alternatives for high prices. They are highly trained on what they offer which helps them sell on service rather than price. Consumers frequently buy from exclusive agents partially due to high brand loyalty rather than having the cheapest rates.
Shown below are exclusive insurance agencies in Denver that are able to give price quote information.
- American Family Insurance – Matthew Ditzenberger
1485 S Colorado Blvd #300c – Denver, CO 80222 – (303) 756-8038 – View Map - Stephanie Sponder – State Farm Insurance Agent
671 E 19th Ave – Denver, CO 80203 – (303) 744-0757 – View Map - Don Middleton – State Farm Insurance Agent
1900 Wazee St #1538 – Denver, CO 80202 – (303) 595-5500 – View Map
Independent Agents
Agents that elect to be independent are normally appointed by many insurers so they can quote policies through many different insurance companies and help determine which has the cheapest rates. If they find a lower price, your policy is moved internally and you can keep the same agent. If you are trying to find cheaper rates, you absolutely need to include price quotes from several independent insurance agents so that you have a good selection of quotes to compare. Many write coverage with small regional insurance companies which may provide better rates.
The following is a list of independent agents in Denver willing to provide price quote information.
- Bonnie Brae Insurance
179 S Colorado Blvd – Denver, CO 80246 – (303) 321-9300 – View Map - Gonzalez Insurance Agency
6450 E Colfax Ave – Denver, CO 80220 – (303) 320-4901 – View Map - American Home Insurance Agency
7505 E Harvard Ave – Denver, CO 80231 – (888) 325-8108 – View Map
A little work can save a LOT of money
While you’re price shopping online, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are too many instances where someone dropped physical damage coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to find the BEST coverage at the best price, not the least amount of coverage.
Lower-priced Hyundai Elantra insurance in Denver is definitely available on the web in addition to local insurance agencies, and you should be comparing both so you have a total pricing picture. There are still a few companies who may not provide rates over the internet and usually these smaller providers work with independent agents.
Drivers leave their current company for a variety of reasons including unfair underwriting practices, an unsatisfactory settlement offer, extreme rates for teen drivers and even lack of trust in their agent. No matter why you want to switch, finding a new company is pretty easy and you might even save some money in the process.
More detailed insurance information is located at these sites:
- Safety Features for Your New Car (State Farm)
- What Insurance is Cheapest for a 20 Year Old Female in Denver? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for a Subaru Outback in Denver? (FAQ)
- Who Has Cheap Auto Insurance Rates for a Jeep Wrangler in Denver? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers with Good Credit in Denver? (FAQ)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- What is Gap Insurance? (Insurance Information Institute)
- Rollover Crash FAQ (iihs.org)