Finding the best cheap insurance for a Hyundai Elantra in Oregon doesn’t take too much effort, but it is dependent upon a lot of rating factors such as how far you commute, your credit history, and any prior driving offenses. Drivers in Oregon pay around $704 annually for Elantra insurance, but that amount is an estimate calculated based on a 50-year-old married male driver with both comprehensive and collision coverage and $500 deductibles.
But there is a good chance that you aren’t exactly 50 years old or even a male, maybe you are single instead of married, or you just prefer to insure for liability only. Having just a slight change in rating variables could end up with a large change in how much coverage for a Hyundai Elantra costs.
Auto insurance requires individual risk assessment, so the best way to find the cheapest coverage for your Hyundai is to compare rates from as many companies as possible. Get your free quotes now and you can get prices from some of the best insurers around.
The trim level of your Elantra impacts the cost of coverage, so the price you pay to insure a Elantra GLS Touring Station Wagon trim level will be $72 less than the cost to insure the more expensive Elantra SE Touring Station Wagon trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$136||$234||$260||$16||$78||$724||$60|
|Elantra Blue 4-Dr Sedan||$136||$336||$306||$18||$92||$888||$74|
|Elantra GLS 4-Dr Sedan||$156||$336||$306||$18||$92||$908||$76|
|Elantra SE 4-Dr Sedan||$156||$336||$306||$18||$92||$908||$76|
|Elantra SE Touring Station Wagon||$156||$286||$260||$16||$78||$796||$66|
|Get Your Own Custom Quote Go|
Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Premium costs do not factor in zip code location which can decrease or increase prices considerably.
Picking the highest-rated insurance provider is hard considering how many choices you have in Portland. The ranking data listed below could help you pick which providers you want to consider comparing rates from. The ratings below only include companies who write in the majority of U.S. states, so companies that have a smaller presence will not be included in this list.
Top 10 Large Car Insurance Companies in Portland Ranked by Customer Service
- State Farm
- The Hartford
- The General
- AAA Insurance
- American Family
- Liberty Mutual
Does full coverage make sense?
Saving on car insurance is probably important to the majority of people, and an effective way to pay lower rates for insurance for a Hyundai Elantra is to only buy liability insurance. The example below shows the difference between insurance prices with and without physical damage coverage. The prices are based on no violations or accidents, $250 deductibles, single status, and no other discounts are factored in.
Averaged for all ages 20 through 70, comp and collision coverage costs $1,682 per year over and above liability only. That touches on the question if it’s a good idea to buy full coverage. There is no set guideline for dropping comp and collision coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.
There are some scenarios where eliminating full coverage is not in your best interest. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.
The diagram below highlights how deductible choice can influence insurance costs when searching for cheap insurance for a Hyundai Elantra. The premium estimates are based on a married female driver, full physical damage coverage, and no other discounts are factored in.
The data above shows that a 40-year-old driver could save $294 a year by increasing from a $100 deductible up to a $500 deductible, or save $442 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old category, could drop their prices $730 or more by selecting a higher deductible. When raising deductibles, it will now be necessary to have additional savings on hand to cover the extra out-of-pocket expense that comes with higher deductibles.
How to find the cheapest insurance for a Hyundai Elantra
It is possible to find better rates, and here are many penny-pinching solutions that can help Portland drivers quote low-cost coverage.
- Increase your comprehensive and collision deductibles
- Choose a safer vehicle and pay lower rates
- Do not get tickets or violations
- At-fault accidents can raise rates significantly
- Better credit rating means better rates
- Shop around for cheaper prices
That last tip is especially important, as we hit on in the prior article. Prices charged by car insurance companies change frequently, so drivers shouldn’t be resistant to buy a policy from a new company if a better rate can be found. Brand loyalty is great, but it’s not a good idea if that inflexibility results in costing you a small fortune year after year. In just a few minutes you could shop around and find cheaper car insurance for a Hyundai Elantra in Portland.
If you prefer to have a little guidance when buying car insurance for an Elantra, the professional agents shown below can most likely aid you in deciding which coverage fits your budget. To find an agent using an interactive map, click the button at the bottom.
- State Farm: Rick Hennessy
6335 SW Capitol Hwy – Portland, OR 97239 – (503) 245-9345
- Vu Han – State Farm Insurance Agent
322 NE 82nd Ave – Portland, OR 97220 – (503) 252-1114
- Ricky Hayter – State Farm Insurance Agent
7112 NE Sandy Blvd – Portland, OR 97213 – (503) 253-9315
- Todd Houser – State Farm Insurance Agent
7515 SW Barnes Rd #101 – Portland, OR 97225 – (503) 297-3788