Find Affordable Hyundai Elantra Insurance in Lubbock

Really, the only way to get discount car insurance rates in Lubbock is to start comparing prices yearly from insurers who sell insurance in Texas. Rate comparisons can be done by following these steps.

The most important part of shopping around is to try to use similar deductibles and liability limits on each price quote and and to get rate quotes from all possible companies. This helps ensure an accurate price comparison and many rates to choose from.

Insurance for Hyundai ElantraA recent study showed that a large majority of drivers have been with the same company for a minimum of four years, and just short of a majority have never compared rates from other carriers. Most drivers in Texas can save hundreds of dollars each year by just comparing quotes, but they don’t believe the big savings they would realize if they switched.

Insurance coverage analysis

The premium table displayed next highlights different coverage costs for Hyundai Elantra models. Having a better idea how car insurance premiums are formulated can be useful when making decisions when shopping your coverage around.


Hyundai Elantra Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $204 $378 $392 $24 $118 $1,116 $93
Elantra Blue 4-Dr Sedan $204 $542 $462 $28 $138 $1,374 $115
Elantra GLS 4-Dr Sedan $234 $542 $462 $28 $138 $1,404 $117
Elantra SE 4-Dr Sedan $234 $542 $462 $28 $138 $1,404 $117
Elantra SE Touring Station Wagon $234 $460 $392 $24 $118 $1,228 $102
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Premium amounts do not factor in Lubbock location which can increase or decrease rates substantially.

Deductible comparison

One of the hardest decisions when shopping for insurance is where should you set your physical damage deductibles. The following tables can help you visualize the premium difference of buying low and high coverage deductibles. The first rate estimation uses a $250 physical damage deductible and the second set of rates uses a $1,000 deductible.


Hyundai Elantra insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $256 $408 $324 $20 $96 $1,129 $94
Elantra Blue 4-Dr Sedan $256 $584 $382 $22 $114 $1,383 $115
Elantra GLS 4-Dr Sedan $294 $584 $382 $22 $114 $1,421 $118
Elantra SE 4-Dr Sedan $294 $584 $382 $22 $114 $1,421 $118
Elantra SE Touring Station Wagon $294 $496 $324 $20 $96 $1,255 $105
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Hyundai Elantra insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $158 $256 $324 $20 $96 $854 $71
Elantra Blue 4-Dr Sedan $158 $368 $382 $22 $114 $1,044 $87
Elantra GLS 4-Dr Sedan $182 $368 $382 $22 $114 $1,068 $89
Elantra SE 4-Dr Sedan $182 $368 $382 $22 $114 $1,068 $89
Elantra SE Touring Station Wagon $182 $312 $324 $20 $96 $934 $78
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Price information does not factor in the specific area where the vehicle is garaged which can affect premium rates substantially.

Based on this data, using a $250 deductible will cost you roughly $27 more each month or $324 every year averaged for all Elantra models than selecting the higher $1,000 deductible. Since you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 28 months between claims, you would more than likely save some money if you decide on a higher deductible.

How to decide to raise your deductibles

Average monthly premium for $250 deductibles: $110
Average monthly premium for $1,000 deductibles (subtract): – $83
Monthly savings from raising deductible: $27
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 28 months

One important issue to know is that a higher deductible level means you will have to pay more of your own money when you do file a claim. That will require some non-essential savings in the event you need to pay more to get your vehicle repaired.

Hyundai Elantra insurance rates: Men versus women

The illustration below illustrates the difference between Hyundai Elantra insurance costs for male and female drivers. The price estimates are based on no violations or accidents, comprehensive and collision coverage, $500 deductibles, single status, and no discounts are applied.

Hyundai Elantra liability-only versus full coverage

The diagram below shows the difference between Hyundai Elantra premium costs when comparing full coverage to state minimum liability only. The premiums are based on no claims or driving violations, $250 deductibles, single marital status, and no additional discounts are factored in.

When to drop comprehensive and collision

There is no definitive guideline for dropping physical damage coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s say your Hyundai Elantra claim settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $5,000 after paying your deductible. If premium cost is more than $500 a year for full coverage, then you may want to consider only buying liability coverage.

There are a few cases where removing full coverage is not advised. If you haven’t satisfied your loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

Informed Consumers Can Slash Their Insurance Premiums

Lots of things are considered when quoting car insurance. A few of the factors are predictable such as your driving history, although others are not as apparent such as whether you are married or how financially stable you are.

Quote more and you will save more

We just presented many tips how you can get a better price on Hyundai Elantra insurance in Lubbock. The most important thing to understand is the more times you quote, the better your chances of lowering your prices. You may even discover the lowest premium rates are with the smaller companies.

People change insurance companies for many reasons like poor customer service, delays in responding to claim requests, policy non-renewal or extreme rates for teen drivers. Regardless of your reason, switching insurance companies is actually quite simple.

Some insurance providers may not offer online rate quotes and usually these smaller providers only sell coverage through independent agents. Lower-priced Hyundai Elantra insurance in Lubbock can be found from both online companies and with local Lubbock insurance agents, and you should compare rates from both to have the best chance of lowering rates.

Much more information about insurance in Texas can be found on the following sites: