If you are new to getting Baltimore car insurance quotes online, it’s easy to get baffled thanks to all the different types of insurance providers vying for business in Baltimore.
Everyone knows that insurance companies want to keep you from shopping around. Insureds who compare price quotes will presumably switch companies because there is a high probability of finding a more affordable policy premium. A recent car insurance study revealed that drivers who made a habit of comparing rate quotes saved about $865 a year compared to those who never compared rates.
If finding budget-friendly car insurance is your goal, understanding the best way to quote and compare coverage rates can help simplify the task of finding more affordable coverage.
It’s important to get comparison quotes before your next renewal because car insurance prices are usually higher with each renewal. Even if you got the best rates on Hyundai Elantra insurance in Baltimore two years ago you may be paying too much now. Forget anything you know (or think you know) about car insurance because you’re going to learn the right way to remove unneeded coverages and save money.
Low Cost companies for Hyundai Elantra insurance in Maryland
The companies shown below can provide price quotes in Baltimore, MD. To buy cheap auto insurance in MD, we suggest you get rate quotes from several of them to find the most competitive car insurance rates.
Hyundai Elantra insurance rates and statistics
The data table shown next covers different insurance coverage prices for Hyundai Elantra models. Understanding more about how prices are established can be valuable when making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $214 | $370 | $332 | $20 | $100 | $1,036 | $86 |
| Elantra Blue 4-Dr Sedan | $214 | $530 | $390 | $24 | $116 | $1,274 | $106 |
| Elantra GLS 4-Dr Sedan | $244 | $530 | $390 | $24 | $116 | $1,304 | $109 |
| Elantra SE 4-Dr Sedan | $244 | $530 | $390 | $24 | $116 | $1,304 | $109 |
| Elantra SE Touring Station Wagon | $244 | $450 | $332 | $20 | $100 | $1,146 | $96 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Premium costs do not factor in specific location information which can modify rates noticeably.
Policy deductible comparison
One of the hardest decisions when shopping for auto insurance is what deductibles to buy. The comparisons below may aid in understanding the rate difference between low and high deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $304 | $518 | $346 | $20 | $104 | $1,317 | $110 |
| Elantra Blue 4-Dr Sedan | $304 | $744 | $406 | $24 | $122 | $1,625 | $135 |
| Elantra GLS 4-Dr Sedan | $350 | $744 | $406 | $24 | $122 | $1,671 | $139 |
| Elantra SE 4-Dr Sedan | $350 | $744 | $406 | $24 | $122 | $1,671 | $139 |
| Elantra SE Touring Station Wagon | $350 | $632 | $346 | $20 | $104 | $1,477 | $123 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $168 | $274 | $346 | $20 | $104 | $912 | $76 |
| Elantra Blue 4-Dr Sedan | $168 | $392 | $406 | $24 | $122 | $1,112 | $93 |
| Elantra GLS 4-Dr Sedan | $194 | $392 | $406 | $24 | $122 | $1,138 | $95 |
| Elantra SE 4-Dr Sedan | $194 | $392 | $406 | $24 | $122 | $1,138 | $95 |
| Elantra SE Touring Station Wagon | $194 | $332 | $346 | $20 | $104 | $996 | $83 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Prices do not factor in specific location which can revise premium rates substantially.
Using the premium rates above, we can conclude that using a $100 deductible costs roughly $41 more each month or $492 each year than buying the higher $1,000 deductible. Since you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you have at least 22 months between claims, you would come out ahead going with the higher deductible.
The example below highlights how deductible selection and can increase or decrease Hyundai Elantra insurance costs for different categories of driver ages. Data assumes a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
Comparison of auto insurance rates by gender and age
The information below visualizes the comparison of Hyundai Elantra auto insurance rates for male and female drivers. Data assumes no claims or driving citations, comp and collision included, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.
The Hyundai Elantra Insurance Rate Equation
A large part of saving on insurance is knowing some of the factors that play a part in calculating insurance rates. If you have a feel for what controls the rates you pay, this enables you to make decisions that could result in cheaper rates.
The itemized list below are some of the factors used by insurance companies to determine your premiums.
Costs and your address – Being located in smaller towns and rural areas of the country may provide you with better prices when buying insurance. Fewer drivers on the road means a lower chance of having an accident in addition to lower liability claims. Drivers who live in large Maryland cities have more traffic problems and a longer drive to work. The longer drive time translates into higher accident risk.
Excellent credit equals lower prices – Having a good credit score is a big factor in determining what you pay for insurance. If your credit history is low, you could pay less to insure your Hyundai Elantra if you improve your credit rating. Drivers who have excellent credit tend to be better risks to insure as compared to drivers with poor credit.
With age comes lower costs – Inexperience drivers are known to be inattentive when at the wheel of a vehicle therefore insurance rates are much higher. Older insureds are shown to be more cautious, cause fewer claims and accidents, and receive fewer citations.
The following data is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.
High deductibles cost less – Insurance for physical damage, also called ‘full coverage’, is used to repair damage to your Hyundai. Some coverage claims are a dented fender, hail damage, and rolling your vehicle. Comp and collision deductibles are how much you are required to spend if you file a covered claim. The more the insured is willing to pay, the less money you will pay for insurance.
Insurance loss data for a Hyundai Elantra – Companies factor in insurance loss information in order to profitably underwrite each model. Vehicles that statistically have a higher amount or frequency of claims will have a higher premium rate.
The data below shows the historical insurance loss data for Hyundai Elantra vehicles. For each type of coverage, the loss probability for all vehicles compiled together is a value of 100. Values below 100 mean the vehicle has better than average losses, while numbers above 100 point to more claims or a tendency for claims to be larger.
| Specific Hyundai Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Hyundai Elantra | 102 | 102 | 90 | 133 | 137 | 117 |
| Hyundai Elantra GT | 95 | 91 | 95 | 112 | 114 | 107 |
Statistics from IIHS.org for 2013-2015 Model Years
These discounts can lower your car insurance rates
Companies offering auto insurance do not list every discount they offer very well, so the list below contains a few of the more well known and also the more inconspicuous discounts that may be available.
- Senior Discount – If you qualify as a senior citizen, you may be able to get a discount up to 10%.
- Home Ownership Discount – Just owning your own home may earn you a small savings because maintaining a house is proof of financial responsibility.
- Paperless Signup – Some companies will give you a small discount simply for signing on their website.
- Professional Organizations – Participating in certain professional organizations could qualify you for a break when shopping for car insurance.
- Early Switch Discount – A few car insurance companies give discounts for switching policies prior to your current Elantra insurance policy expiration. This can save 10% or more.
- Accident Forgiveness – This one isn’t a discount, but some insurance companies allow you one accident before they charge you more for coverage so long as you are claim-free before the accident.
- Employee of Federal Government – Federal government employees can save as much as 8% depending on your company.
- Onboard Data Collection – Policyholders that allow their car insurance company to analyze vehicle usage by using a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system may get a rate reduction as long as the data is positive.
- Multiple Vehicles – Drivers who insure multiple cars or trucks on one policy can reduce the rates for all insured vehicles.
Please keep in mind that most credits do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as physical damage coverage or medical payments. Even though it may seem like it’s possible to get free car insurance, it just doesn’t work that way.
The illustration below illustrates the comparison of Hyundai Elantra car insurance costs with and without discounts applied to the policy rates. The data assumes a male driver, no claims or driving violations, Maryland state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, multi-policy, homeowner, claim-free, and multi-car discounts applied.
Large car insurance companies and their offered discounts are shown below.
- Farmers Insurance policyholders can earn discounts including bundle discounts, electronic funds transfer, pay in full, mature driver, distant student, good student, and multi-car.
- State Farm includes discounts for passive restraint, good student, defensive driving training, student away at school, accident-free, and multiple autos.
- Liberty Mutual offers premium reductions for new vehicle discount, multi-car, good student, preferred payment discount, new graduate, newly married, and hybrid vehicle.
- MetLife may have discounts that include accident-free, defensive driver, multi-policy, good driver, claim-free, and good student.
- Progressive may offer discounts for online signing, online quote discount, multi-vehicle, continuous coverage, good student, homeowner, and multi-policy.
When getting free Baltimore car insurance quotes, it’s a good idea to every company which credits you are entitled to. Some discounts listed above may not apply to policies in your area. For a list of insurers with discount car insurance rates in Maryland, click this link.
Local neighborhood insurance agents
Some people just prefer to talk to a local agent and that is a personal choice. An additional benefit of comparing insurance online is you can get lower car insurance rates and still have an agent to talk to.
To find an agent, once you fill out this simple form, your insurance coverage information is immediately sent to local insurance agents who want to provide quotes for your coverage. You don’t have to do any legwork since rate quotes are delivered directly to your email. You can find the lowest rates and work with a local agent. If you have a need to compare prices from a particular provider, you just need to search and find their rate quote page and complete a quote there.
Finding a good provider should depend on more than just a low price. These are some questions you should get answers to.
- Will they take your side in the event of a claim?
- Is there a 24/7 contact number?
- How much training do they have in personal risk management?
- How often do they review policy coverages?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Do you work with a CSR or direct with the agent?
- Do the coverages you’re quoting properly cover your vehicle?
- What insurance companies do they recommend if they are an independent agent?
Pick the best car insurance agent in Baltimore for you
If you’re trying to find a good insurance agency, you must know there are a couple different agency structures and how they can service your needs differently. Insurance agencies in Baltimore may be either independent agents or exclusive agents.
Exclusive Agencies
Exclusive agencies can only provide one company’s prices such as Allstate and State Farm. Exclusive agents cannot provide other company’s prices so they are skilled at selling on more than just price. Exclusive insurance agents are trained well on sales techniques which can be an advantage. A lot of people purchase coverage from exclusives partially due to the brand rather than low rates.
Shown below are Baltimore exclusive insurance agencies who may provide you with comparison quotes.
- Mindy Andreychek – State Farm Insurance Agent
8502 Harford Rd Ste B – Baltimore, MD 21234 – (410) 668-7600 – View Map - Kennedy Ins Agency – Progressive Insurance
410 Ingleside Ave – Baltimore, MD 21214 – (410) 719-6006 – View Map - Natasha Parker – State Farm Insurance Agent
617 Stemmers Run Rd, Ste AA – Baltimore, MD 21221 – (410) 238-0071 – View Map
Independent Agencies or Brokers
Independent agencies can sell policies from many different companies and that gives them the ability to insure with a variety of different insurance companies and possibly get better coverage at lower prices. If premiums increase, the business is moved internally and you don’t have to do anything.
When comparing rates, we recommend you get insurance quotes from multiple independent agents to have the best price comparison. Many can place coverage with smaller regional carriers which can save you money.
Shown below is a short list of independent insurance agents in Baltimore who can help you get comparison quotes.
- Senate Select Insurance
5417 Reisterstown Rd – Baltimore, MD 21215 – (410) 358-0411 – View Map - Upper Chesapeake Insurance Agency Inc
900 S Charles St – Baltimore, MD 21230 – (410) 385-0455 – View Map - Concrete Insurance
6405 Belair Rd – Baltimore, MD 21206 – (410) 433-0313 – View Map
When do I need an agent’s advice?
Always remember that when buying your policy, there isn’t really a perfect coverage plan. Everyone’s situation is unique.
These are some specific questions might point out if your insurance needs may require specific advice.
- Do I need PIP (personal injury protection) coverage in Maryland?
- Does my insurance cover damage caused when ticketed for reckless driving?
- Can I afford low physical damage deductibles?
- What does medical payments cover?
- When should I remove comp and collision on my Hyundai Elantra?
- Is my teenager covered with friends in the car?
If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form.
Don’t give up on cheap coverage
Throughout this article, we presented a lot of techniques to save on Hyundai Elantra insurance in Baltimore. It’s most important to understand that the more companies you get car insurance rates for, the higher your chance of finding the cheapest Hyundai Elantra rate quotes. You may even be surprised to find that the lowest rates are with a smaller regional carrier.
Consumers leave their current company for a variety of reasons including being labeled a high risk driver, lack of trust in their agent, delays in responding to claim requests and even policy cancellation. No matter why you want to switch, switching companies is easier than you think.
When getting Baltimore car insurance quotes online, don’t be tempted to buy poor coverage just to save money. There are a lot of situations where an accident victim reduced liability coverage limits and learned later that it was a big mistake. The proper strategy is to find the BEST coverage at the best cost, but don’t skip important coverages to save money.
Steps to buying lower priced Hyundai Elantra insurance in Baltimore
If you want to save the most money, the best way to get more affordable Hyundai Elantra insurance is to start doing an annual price comparison from different companies in Baltimore. Rates can be compared by completing these steps.
- First, read and learn about individual coverages and the things you can change to keep rates low. Many rating factors that cause high rates like inattentive driving and an imperfect credit history can be controlled by making minor driving habit or lifestyle changes.
- Second, compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from one company like GEICO and Allstate, while independent agencies can provide price quotes from many different companies.
- Third, compare the quotes to your current policy premium to see if cheaper Elantra coverage is available. If you find better rates and change companies, make sure coverage is continuous and does not lapse.
An essential thing to point out is that you use identical coverage information on every price quote and and to get prices from all possible companies. Doing this ensures a level playing field and a thorough price selection.
To learn more, feel free to browse these articles:
- State Laws for Cellphones and Texting (iihs.org)
- What Auto Insurance is Cheapest for a Chevrolet Equinox in Baltimore? (FAQ)
- Who Has the Cheapest Auto Insurance for Postal Workers in Baltimore? (FAQ)
- Who Has Cheap Baltimore Car Insurance Rates for 19 Year Olds? (FAQ)
- Who Has Cheap Auto Insurance for a Dodge Ram in Baltimore? (FAQ)
- Who Has Cheap Auto Insurance for a Kia Optima in Baltimore? (FAQ)
- Car Insurance FAQ (Trusted Choice)
- Drunk Driving Statistics (Insurance Information Institute)
- Where can I buy Insurance? (Insurance Information Institute)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)