The best way we recommend to get affordable car insurance rates in Louisville is to regularly compare prices from insurers that sell auto insurance in Kentucky.
- Spend some time learning about how car insurance works and the modifications you can make to prevent expensive coverage. Many rating factors that cause high rates like speeding tickets, careless driving and a low credit score can be rectified by paying attention to minor details. Keep reading for more ideas to help find cheaper rates and earn a bigger discount.
- Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agencies can provide price quotes for many different companies.
- Compare the new rates to your current policy to see if cheaper Elantra coverage is available. If you find a better price and buy the policy, make sure there is no lapse in coverage.
One tip to remember is that you use similar coverage information on each quote request and and to get price quotes from all possible companies. Doing this ensures an apples-to-apples comparison and a thorough price selection.
Shockingly, almost 70% of insureds kept their coverage with the same auto insurance company for over three years, and almost 40% of drivers have never shopped around. Louisville consumers could save themselves 30% a year by just comparing quotes, but they don’t invest the time required to go online and compare rates.
If you have coverage now or are just looking to switch companies, take advantage of these tips to find better prices while maintaining coverages. The purpose of this article is to instruct you on the most effective ways to compare rates and also pocket some savings Shoppers just have to know the most time-saving way to compare prices from multiple carriers.
The best way to get policy rate comparisons for Hyundai Elantra insurance in Louisville is to take advantage of the fact all the major auto insurance companies pay for the opportunity to give rate comparisons. All consumers are required to do is take a few minutes to give details such as whether you drive to work or school, the year, make and model of vehicles, an estimate of your credit level, and what your job is. Those rating factors gets transmitted to insurance companies and they return quotes quickly.
To get price quotes for your car now, click here and complete the quick form.
The auto insurance companies shown below can provide price comparisons in Kentucky. In order to find cheap car insurance in Louisville, we recommend you visit several of them in order to get a fair rate comparison.
Insurance statistics for a Hyundai Elantra
The price information displayed next showcases detailed analysis of insurance policy prices for Hyundai Elantra models. Learning a little about how rate quotes are figured can be of help when making informed decisions when comparing rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$190||$342||$314||$18||$94||$958||$80|
|Elantra Blue 4-Dr Sedan||$190||$490||$368||$22||$110||$1,180||$98|
|Elantra GLS 4-Dr Sedan||$216||$490||$368||$22||$110||$1,206||$101|
|Elantra SE 4-Dr Sedan||$216||$490||$368||$22||$110||$1,206||$101|
|Elantra SE Touring Station Wagon||$216||$416||$314||$18||$94||$1,058||$88|
|Get Your Own Custom Quote Go|
Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Premium amounts do not factor in vehicle garaging location which can impact premium rates greatly.
Drive responsibly or pay higher rates
The example below highlights how traffic violations and at-fault accidents can affect Hyundai Elantra insurance prices for different age categories. The rates are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.
Do you need full coverage?
The chart below shows the comparison of Hyundai Elantra insurance rates with liability coverage only compared to full coverage. The premiums are based on no accidents or driving violations, $250 deductibles, drivers are single, and no other discounts are factored in.
Are you wasting money on full coverage?
There is no definitive rule of when to exclude physical damage insurance, but there is a guideline you can use. If the yearly cost of full coverage is more than around 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your Hyundai Elantra book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after paying your deductible. If premium cost is more than $200 annually for your policy with full coverage, then it might be time to buy liability only.
There are some cases where eliminating full coverage is not recommended. If you still have a loan on your vehicle, you must maintain physical damage 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 in the even your car is totaled, you should not buy liability only.
Affordable rates by taking advantage of discounts
Car insurance companies don’t always advertise every policy discount in an easy-to-find place, so the following list contains both the well known and the more hidden credits available to you.
- Accident Free – Insureds who avoid accidents and claims pay less in comparison to bad drivers.
- Membership in Organizations – Having an affiliation with qualifying employment or professional organizations could earn you a nice discount when getting a Louisville car insurance quote.
- Early Signing – A few insurance companies allow discounts for signing up before your current coverage expires. You could save around 10% when you buy Louisville car insurance online.
- Payment Discounts – By paying your policy upfront rather than paying monthly you can avoid the installment charge.
- College Student Discount – Youth drivers who attend college more than 100 miles from Louisville and do not have access to a covered vehicle could qualify for this discount.
We need to note that some credits don’t apply to the entire cost. Most cut specific coverage prices like liability and collision coverage. So even though you would think you could get a free insurance policy, it’s just not the way it works.
The illustration below illustrates the comparison of Hyundai Elantra auto insurance costs with and without discounts applied to the rates. The premiums assume a male driver, no claims or driving violations, Kentucky state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, claim-free, safe-driver, multi-car, and marriage discounts applied.
Car insurance companies who might offer most of these discounts may include but are not limited to:
Double check with each company or agent which discounts they offer. Depending on the company, some discounts might not apply in your state. To see companies that offer multiple discounts in Louisville, follow this link.
Here’s why car insurance is not optional
Despite the potentially high cost of Hyundai Elantra insurance, maintaining insurance is a good idea for several reasons.
First, just about all states have mandatory liability insurance requirements which means you are required to buy a specific level of liability if you want to drive legally. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you have a lien on your vehicle, more than likely the lender will force you to buy full coverage to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the bank may buy a policy for your Hyundai at an extremely high rate and make you pay much more than you were paying before.
Third, insurance safeguards both your Hyundai and your personal assets. Insurance will pay for most medical and hospital costs that are the result of an accident. Liability coverage will also pay for a defense attorney if you cause an accident and are sued. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.
The benefits of carrying enough insurance more than offset the price you pay, particularly for liability claims. In a recent study of 1,000 drivers, the average customer is currently overpaying as much as $820 a year so it’s important to compare rates every year to make sure the price is not too high.
What insurance coverages do I need?
Always keep in mind that when comparing coverage, there really is no “best” method to buy coverage. Everyone’s situation is unique.
These are some specific questions might help in determining if you could use an agent’s help.
- Is my Hyundai Elantra covered for flood damage?
- How do I buy GAP insurance?
- What is the minimum liability in Kentucky?
- Can my teen driver be rated on a liability-only vehicle?
- What if I don’t agree with a claim settlement offer?
- Which companies will insure me after a DUI?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Do I need special endorsements for business use of my vehicle?
- Am I insured when driving a different vehicle?
If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form. It’s fast, free and you can get the answers you need.
Local Louisville insurance agents and insurance
Many drivers prefer to buy from a local agent and doing so can bring peace of mind Good agents can point out coverage gaps and help you file claims. The biggest benefit of comparing insurance online is you can get cheap insurance quotes and still choose a local agent. Buying insurance from local insurance agents is important especially in Louisville.
To make it easy to find an agent, after completing this simple form, your information is instantly submitted to companies in Louisville who want to provide quotes for your coverage. It makes it easy because there is no need to do any legwork because quoted prices will be sent to your email. In the event you want to get a comparison quote from a particular provider, feel free to find their quoting web page and fill out the quote form the provide.
Pick the best car insurance agent in Louisville for you
If you are wanting to purchase insurance from an insurance agent, there are a couple of types of agencies and how they can write your policy. Louisville agents can be described as either independent or exclusive. Either one can provide insurance policies, but it’s worth mentioning how they differ since it can impact your selection of an agent.
Independent Agents (or Brokers)
These type of agents do not work for one specific company and that enables them to quote your coverage with an assortment of companies and potentially find a lower price. If your agent finds better pricing, the agent simply finds a different carrier and you don’t have to find a new agent. If you need lower rates, you should always include price quotes from at a minimum one independent agency for the best price selection. Most independent agents also contract with smaller mutual companies which can be an advantage.
Listed below is a short list of independent agencies in Louisville that may be able to give you free rate quotes.
- Nationwide Insurance Ditsler Insurance Inc
1313 Lyndon Ln #102 – Louisville, KY 40222 – (502) 895-0812 – View Map
- Nelson Insurance Group
2000 Envoy Cir # 2000 – Louisville, KY 40299 – (502) 736-7000 – View Map
- Glenn E Martin Insurance
10226 Shelbyville Rd – Louisville, KY 40223 – (502) 245-8870 – View Map
Agents that choose to be exclusive normally can only provide a single company’s rates and examples are State Farm, AAA, and Liberty Mutual. They are unable to compare rates from other companies so they really need to provide good service. They are highly trained on what they offer which helps offset the inability to provide other markets. Some consumers prefer to purchase coverage from exclusives primarily because of the brand legacy and strong financial ratings.
Below is a short list of exclusive agencies in Louisville who can help you get price quote information.
- Bob Dotson – State Farm Insurance Agent
9800 Shelbyville Rd – Louisville, KY 40223 – (502) 339-8086 – View Map
- Tom Kanaly – State Farm Insurance Agent
6608 Bardstown Rd a – Louisville, KY 40291 – (502) 231-2350 – View Map
- Robin Brown – State Farm Insurance Agent
4209 Shelbyville Rd, Ste B – Louisville, KY 40207 – (502) 897-6476 – View Map
Finding the right auto insurance agent needs to be determined by more than just a cheap price. Below are some questions you should ask.
- Will one accident increase rates?
- Do they make recommendations based only on price?
- Is every driver in your family covered?
- Do they have designations such as AIC, CPCU, or CIC?
- Will a damage claim use OEM or aftermarket replacement parts?
- How often do they review policy coverages?
- Can they provide you with a list of referrals?
- Do they see any coverage gaps in your plan?