hey everyone, i have a 2022 hyundai elantra se and i’m paying $1270 for six months of insurance. is this normal? some of my friends pay around $600, and we are the same age—24, living in maryland, with no tickets or accidents.
here’s my coverage breakdown:
liability (50k per person, 100k per accident): $558
basic injury (2.5k per person): $31
uninsured motorist: $16
collision ($500 deductible): $575
comprehensive ($100 deductible): $91
from what i understand, liability and uninsured motorist are required in maryland. but the collision and comprehensive coverage—is that what’s making my rate so high? do most people skip these? if i don’t have collision insurance, wouldn’t i be stuck paying for all the repairs if i get in an accident? why do some people not get this?
just trying to figure out if i’m missing something here.
insurance companies are raising rates on hyundais across the board, even if they have the immobilizer. some companies won’t insure them at all. my friend’s 23-year-old son has an elantra, and his rate jumped from $120 a month to $300.
@SantaFeSage
i worked in customer service for hyundai last year and saw this firsthand. even cars that weren’t supposed to be affected by the theft issue were still getting stolen. had one guy begging to get the software update because his car kept getting stolen, but hyundai wouldn’t approve it for his model. they just wanted us to close cases as fast as possible.
@SantaFeSage
wouldn’t the theft issue be covered by comprehensive insurance? op’s comprehensive is only $91. to see if this is really a hyundai tax, try getting a quote for a similar car like a corolla.
liability: covers the other person if you cause an accident
uninsured motorist: covers you if someone without insurance hits you
collision: covers your car if you hit something
comprehensive: covers things like theft, hail damage, or vandalism
if your friends don’t have collision and comprehensive, that could explain why they’re paying way less. raising your deductible could lower your cost, but it’s a gamble.
i pay $640 for six months, full coverage. i’m 35, clean record, no tickets.
Douglas said:
i had a 2017 elantra, and half the insurance companies wouldn’t even give me a policy because of the theft risk. if they did, the rate was crazy high.
i have a 2020 elantra and pay $3,300 per year ($283 per month). insurance companies don’t care if i got the anti-theft software update, they’re still charging the same. this whole situation is a mess. i feel stuck—can’t sell the car, can’t find lower insurance rates.
who’s your insurance company? if your car has a loan, collision coverage is required in maryland. also, where you live in the state matters for pricing.
Callen said:
who’s your insurance company? if your car has a loan, collision coverage is required in maryland. also, where you live in the state matters for pricing.
@Brielle
allstate is expensive. i have liberty mutual, and my rates actually went down this year. two of my cars are a hyundai and a kia. my kia was almost stolen, but liberty still lowered my rate. might be worth getting a quote from them.
i’m 33, live in illinois, and drive a 2023 elantra n. state farm originally quoted me $1,100 for six months, then increased it to $1,350. i shopped around and found a new company for $1,200, then switched back to state farm when they lowered my rate to $775. it pays to check rates often.