Hyundai Elantra Insurance Quotes in Honolulu

Insurance quote for Hyundai Elantra in HonoluluHave you had enough of sacrificing other expenses to pay your insurance bill each month? You are in the same boat as many other Hawaii drivers.

Regrettably, over 70% of drivers kept buying from the same company for a minimum of four years, and nearly half have never compared rates from other carriers. With the average premium in Hawaii being $962, drivers could cut their rates by as much as 40% a year just by comparing rates, but they underestimate the amount of savings they would get if they switched to a more affordable policy. Due to the large number of options for buying cheap insurance for a Hyundai Elantra in Honolulu, it can be hard to locate a more affordable insurance company.

Buying the cheapest auto insurance in Honolulu seems hard but is not really that difficult. If you’re already insured, you will surely be able to shop for the lowest rates using this strategy. Vehicle owners just have to know how to get comparison rates using one simple form.

Best companies for Hyundai Elantra insurance

The auto insurance companies shown below are our best choices to provide free quotes in Hawaii. If multiple providers are shown, we recommend you compare several of them in order to find the most competitive rates.

Hyundai Elantra coverage statistics

The coverage table shown below showcases different insurance rates for Hyundai Elantra models. Being more informed about how insurance prices are formulated can benefit drivers when making smart choices when selecting a policy.

Hyundai Elantra Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $154 $288 $216 $12 $64 $734 $61
Elantra Blue 4-Dr Sedan $154 $412 $254 $16 $76 $912 $76
Elantra GLS 4-Dr Sedan $178 $412 $254 $16 $76 $936 $78
Elantra SE 4-Dr Sedan $178 $412 $254 $16 $76 $936 $78
Elantra SE Touring Station Wagon $178 $350 $216 $12 $64 $820 $68
Get Your Own Custom Quote Go

Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Rate information does not factor in specific garaging location which can alter coverage prices considerably.

Physical damage deductible comparison

When buying insurance, a common question is which deductible level should you buy. The rates shown below show the differences in premium rates between low and high comp and collision deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second set of prices uses a $500 deductible.

Hyundai Elantra insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $178 $284 $226 $14 $68 $795 $66
Elantra Blue 4-Dr Sedan $178 $406 $264 $16 $80 $969 $81
Elantra GLS 4-Dr Sedan $204 $406 $264 $16 $80 $995 $83
Elantra SE 4-Dr Sedan $204 $406 $264 $16 $80 $995 $83
Elantra SE Touring Station Wagon $204 $344 $226 $14 $68 $881 $73
Get Your Own Custom Quote Go

Hyundai Elantra insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $144 $228 $226 $14 $68 $680 $57
Elantra Blue 4-Dr Sedan $144 $328 $264 $16 $80 $832 $69
Elantra GLS 4-Dr Sedan $166 $328 $264 $16 $80 $854 $71
Elantra SE 4-Dr Sedan $166 $328 $264 $16 $80 $854 $71
Elantra SE Touring Station Wagon $166 $278 $226 $14 $68 $752 $63
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Price information does not factor in zip code location which can affect coverage prices significantly.

Using the data above, we can ascertain that using a $250 deductible costs an average of $11 more each month or $132 for a full year than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to average more than 23 months between claim filings, you would probably come out ahead by selecting a higher deductible.

Calculation for determining deductible levels

Average monthly premium for $250 deductibles: $77
Average monthly premium for $500 deductibles (subtract): – $66
Monthly savings from raising deductible: $11
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One important issue to know is that increasing deductibles to lower your rates results in more money out-of-pocket at claim time. You need to have enough savings in order to pay the deductible to have repairs made.

The example below shows how choosing a deductible and can influence Hyundai Elantra insurance prices for different categories of driver ages. Data assumes a married male driver, comprehensive and collision coverage, and no discounts are factored in.

Hyundai Elantra liability-only versus full coverage

The illustration below shows the comparison of Hyundai Elantra annual premium costs with full coverage compared to only the Hawaii minimum liability coverage. The premiums assume no accidents, no driving violations, $500 deductibles, single status, and no discounts are applied to the premium.

When to stop buying physical damage coverage

There is no clear-cut rule to drop full coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your Hyundai Elantra book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $6,000 after the deductible is paid. If premiums are more than $600 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where removing full coverage is not advised. If you still have a loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

Get cheaper rates by applying these eight discounts

Some companies don’t always publicize all available discounts very well, so below is a list some of the best known and also the more inconspicuous discounts that may be available.Auto insurance discounts

As a footnote on discounts, some of the credits will not apply to all coverage premiums. The majority will only reduce individual premiums such as liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, companies don’t profit that way. But any discount will bring down the cost of your policy.

The chart below compares Hyundai Elantra premium costs with and without discounts applied to the policy rates. The prices are based on a male driver, no tickets, no at-fault accidents, Hawaii state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, safe-driver, multi-policy, multi-car, and homeowner discounts applied.

Auto insurance companies that may have these money-saving discounts are:

If you want the cheapest Hyundai Elantra rate quotes, ask each insurance company to give you their best rates. Some discounts listed above may not be offered in Honolulu. To choose auto insurance companies that offer many of these discounts in Hawaii, click this link.

Local Honolulu car insurance agents and car insurance

Many drivers still like to have an agent’s advice and that is OK! Good insurance agents can help you build your policy and help you file claims. A nice benefit of price shopping on the web is you may find cheap car insurance rates and also buy local.

Insurance agency in HonoluluAfter filling out this short form, your information is immediately sent to participating agents in Honolulu who will give you quotes for your insurance coverage. There is no need to contact any insurance agencies because prices are sent to the email address you provide. If for some reason you want to get a price quote from a particular provider, you can always visit that company’s website and submit a quote form there.

Deciding on a insurance company is decision based upon more than just the premium amount. Here are some questions to ask:

When researching a local Honolulu insurance agent, there are two different agency structures that you can select. Agents can either be independent agents or exclusive agents depending on their employer. Both types can insure your vehicles properly, but it’s good to learn the difference between them because it can impact the kind of agent you use.

Exclusive Agencies

These type of agents write business for a single company like Farmers Insurance and State Farm. Exclusive agents are unable to provide rate quotes from other companies so you need to shop around if the rates are high. Exclusive agents are well trained on their company’s products and that can be a competitive advantage.

Listed below is a list of exclusive agents in Honolulu willing to provide rate quotes.

3221 Waialae Ave Ste 386Honolulu, HI 96816(808) 737-3500View Map

800 S Beretania St Ste 260Honolulu, HI 96813(808) 591-8016View Map

1130 N Nimitz Hwy Rm A260Honolulu, HI 96817(808) 664-0970View Map

More Honolulu agents

Independent Agents

Independent agencies do not write with just one company so they have the ability to put coverage through lots of different companies and find you the best rates. To move your coverage to a new company, an independent agent can move your coverage which requires no work on your part.

When comparing car insurance prices, you need to compare prices from several independent insurance agents to ensure the widest selection of prices.

Below are Honolulu independent insurance agents that can give you rate quotes.

1132 Bishop St #1600Honolulu, HI 96813(808) 533-8728View Map

800 Bethel St # 200Honolulu, HI 96813(808) 538-6938View Map

250 Ward Ave #220Honolulu, HI 96814(808) 626-5068View Map

More Honolulu agents

What insurance coverages do I need?

When buying the right insurance coverage, there really is not a “best” method to buy coverage. Everyone’s situation is unique.Higher deductibles save money

For example, these questions may help you determine whether you will benefit from professional help.

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form. It only takes a few minutes and can help protect your family.

Information about specific coverages

Learning about specific coverages of your insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like EMT expenses, funeral costs, nursing services, prosthetic devices and chiropractic care. They are utilized in addition to your health insurance plan or if you lack health insurance entirely. It covers all vehicle occupants in addition to being hit by a car walking across the street. PIP is only offered in select states and may carry a deductible

Comprehensive insurance

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like fire damage, a tree branch falling on your vehicle, hitting a bird and vandalism. The most your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since many Hawaii drivers only purchase the least amount of liability that is required (which is 20/40/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Collision coverage

Collision coverage pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like driving through your garage door, sustaining damage from a pot hole, sideswiping another vehicle and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible on your Elantra to get cheaper collision coverage.

Coverage for liability

Liability insurance can cover injuries or damage you cause to people or other property that is your fault. It protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 20/40/10 which stand for a $20,000 limit per person for injuries, a per accident bodily injury limit of $40,000, and a total limit of $10,000 for damage to vehicles and property.

Liability coverage pays for things like emergency aid, court costs, structural damage, medical services and loss of income. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford. Hawaii requires minimum liability limits of 20/40/10 but it’s recommended drivers buy higher limits.

The next chart shows why buying low liability limits may not provide you with enough coverage.

One last thing to lower rates

We just showed you quite a bit of information on how to compare Hyundai Elantra insurance premium rates in Honolulu. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding affordable Hyundai Elantra insurance quotes. You may even find the lowest premium rates are with a company that doesn’t do a lot of advertising.

Consumers leave their current company for a variety of reasons including unfair underwriting practices, delays in paying claims, delays in responding to claim requests or an unsatisfactory settlement offer. Regardless of your reason for switching companies, finding the right auto insurance provider can be less work than you think.

Affordable Hyundai Elantra insurance in Honolulu is attainable both online in addition to local insurance agencies, and you should compare rates from both in order to have the best price selection to choose from. Some insurance providers do not offer the ability to get a quote online and many times these regional insurance providers work with local independent agencies.

Steps to finding cheaper Hyundai Elantra insurance in Honolulu

The best way we recommend to get budget Hyundai Elantra insurance is to do a yearly price comparison from different companies who sell insurance in Honolulu.

  1. Try to learn about policy coverages and the measures you can take to keep rates in check. Many rating criteria that drive up the price such as at-fault accidents, careless driving, and a negative credit history can be controlled by being financially responsible and driving safely.
  2. Quote rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from a single company like Progressive or Farmers Insurance, while independent agencies can provide price quotes for many different companies.
  3. Compare the quotes to your existing rates to see if switching to a new carrier will save money. If you find a better price, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Notify your agent or company of your decision to cancel your current car insurance policy and submit a down payment along with a completed application to your new carrier. Don’t forget to store the certificate verifying proof of insurance along with your vehicle registration.

The most important part of shopping around is to make sure you’re comparing the same level of coverage on every quote request and and to analyze every insurance company. Doing this provides an apples-to-apples comparison and a complete rate analysis.

Helpful articles