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Hyundai Elantra, Hatchback, Sedan
#3941 of 4451 2011/2012 Insurance costs?
Sep 22, 2011 (9:06 am)
I have a deposit on a 2012 Elantra GLS auto that might be here before the end of the week. I am planning on purchasing unless something is wrong with the car once it gets to the dealer.
My current insurance carrier is Allstate (Home, Auto, Unbrella) with pretty full coverage. I sent my agent a note to see how much the Elantra would cost per 6 month policy period. Suprise... it came back 53% higher than my 2008 Saturn Outlook and 36% higher than my 2004 GMC envoy. Those were $39K and $35K MSRP vs $19K for the Elantra. My agent claims they are less expensive to insure because of the availability and cost of repairs than the Hyundai.
Has anybody else found this to be the case when insuring their Elantra?
Thinking about this, makes it even harder to comprehend. Collision and comprehensive coverage should be the big difference, not as much on UM, Med payments and Liability.
Thanks for your feedback.
#3942 of 4451 Re: 2011/2012 Insurance costs? [wlbrown9]
Sep 22, 2011 (9:26 am)
I bought a 2011 Elantra in April w/nav. I was insured by State Farm forever an I called an had them take my 2005 Tribute off an add the Elantra. NP, right, when I got the statement, it was around 85% higher every 6 months, so I checked around an got a quote fro Nationwide that put the insurance at the same price of the Tribute, so I moved over to them. About a month later, I got a notice saying that they were reducing my monthly premium by $10.00. You might want to check around and compare prices. I don't think $48.00 a month for full coverage is that bad.
#3943 of 4451 Re: 2011/2012 Insurance costs? [mikeystoy5]
Sep 22, 2011 (9:39 am)
Thanks for the info. Yes, this might be the straw that makes me shop around. I've been with this Allstate agent for over 20 years. Homeowner, Umbrella and Auto, plus a life policy. There has been quite a bit of premium creep on all of them. The HO, Auto and Umbrella have different renewal dates which would make switching a pain, but it might be worth it.
They have paid 1 claim on the Homeowner policy ($4700) in all these years.
I'm going to at least make known to the agent that I'm not happy and might be looking around.
Thanks for your response.
#3944 of 4451 Re: 2011/2012 Insurance costs? [wlbrown9]
Sep 22, 2011 (9:45 am)
one reason that the elantra is higher to insure than other cars in the compact class is due to the elantra's not holding up very well in a accident.in a recent crash test results by consumer reports out of all the compact cars they tested,the elantra performed the worst with severe driver damage and body damage..the toyota corolla came in 3rd worst...mazda 3 came in 1st with little damage to driver and car which is why the mazda 3 is one of the cheapest cars to insure in the compact car class.
#3945 of 4451 Re: 2011/2012 Insurance costs? [wlbrown9]
Sep 22, 2011 (9:50 am)
We've been with State Farm since 1983. Took off a 2002 Corolla to add a 2011 Elantra Limited (no nav). I was pleasantly surprised that it only went up about $60/ year. I was expecting much more for a new car. The rate was low because of all the added safety features in the Elantra compared to a 10 year old Toyota. That includes a couple hundred/ year "accident free discount".
#3946 of 4451 Re: 2011/2012 Insurance costs? [miranda200]
Sep 22, 2011 (10:17 am)
I just sent the agent a message asking for quotes on comparable Focus and Cruze. I might reconsider my purchase depending on the answers I get.
I don't have the exact details on this quote from the agent. Wondering if she put something in wrong.
Then again, I think it is probably time to get competitive quotes on my complete insurance package. I think I am currently paying over $3500 a year for HO, Auto and umbrella. This could increase the total to over $4000 a year. I have avoided changing things for years, but it is probably time to look around and shake them up at the least.
#3947 of 4451 Re: 2011/2012 Insurance costs? [wlbrown9]
Sep 22, 2011 (11:22 am)
Yeah, you might want to check around. We don't have umbrella coverage but otherwise we're paying something around $2900/year for 2 cars (full coverage, 240 deduct, glass/rental) + home (w/jewelry riders). Chicago suburbs, Farmers Insurance, cars billed together, HO paid via escrow.
#3948 of 4451 Re: 2011/2012 Insurance costs? [steven39]
Sep 22, 2011 (11:39 am)
Well, looking at the crash test on the IIHS site, the Elantra is a Top Safety Pick with Good rating in all areas. After March 2011 anyway http://www.iihs.org/ratings/ratingsbyseries.aspx?id=318
Were you talking about the crash performance on the 2011/2012 version of the Elantra? I can't find any links to that but the ones I do find show the 2011 as a top safety pick.
The federal government and the Insurance Institute for Highway Safety haven’t tested the 2012 Hyundai Elantra yet, but the 2011 model, which is very similar to the 2012, did very well in crash tests. It received the IIHS’ highest scores in front offset, side impact, roof strength and rear crash tests. These scores and the 2011 Elantra’s standard electronic stability control make it a 2011 IIHS Top Safety Pick.
Thanks for your input
#3949 of 4451 Re: 2011/2012 Insurance costs?
Sep 22, 2011 (11:47 am)
I'm not sure what is going on with Allstate or my agent. Once I get the Elantra the final pricing might change somewhat since the agent said the rates can change once they put that in vs just entering model, etc. Her final estimates for Cruze, Focus and Elantra, all in the $19-$20K range are:
Chevy Cruze - $420.96/six months
Ford Focus - $452.86/ six months
Hyundai- $446.46/six months
So, I'll stick with the Hyundai. I will also probably get competitive quotes on all my coverage from some major players just to see if I am being taken for a ride. I do have quite a good history with Allstate but it might not really take but a few things going wrong to see if they live up to their good hands .
Thanks for all the input.
#3950 of 4451 Re: 2011/2012 Insurance costs? [fushigi]
Sep 22, 2011 (11:55 am)
Hum. Hard to compare exactly in different locations. Memphis suburbs. 3 vehicles, 2 full coverage, $500 deduct ($300 effective with 2 years no accident), $0 deduct comprehensive, 1 Isuzu Trooper liability, med pay, UM, no collision or comp. 100,000 - 300,00 liability.
Homeowner Full coverage, $1000 deductible, $385,000 property coverage.
Umbrella takes the coverage on the cars, home, etc. up to $1,000,000. That has gone up to about $380 a year. Will consider if I really need that anymore since I don't have dependents with risky behavior around any more
Thanks for all the input on the discussion today folks.
Hoping to get a call soon that the Elantra is on the lot