Hyundai Elantra Insurance Rates

If you want to know the best way to secure a reliable Hyundai Elantra auto insurance policy, you’ll need to understand a few basics. First, the average Hyundai Elantra insurance rates amount to $1,372 a year for full coverage. 

There are a number of factors that influence an individual’s rate, such as the model year of your car. For example, the Hyundai Elantra insurance cost of a 2014 Hyundai Elantra is far less expensive than a 2020 Elantra because it’s older, and therefore not as valuable.

The car’s style will also impact your rates. Hyundai Elantra GT insurance rates
will be different than Hyundai Elantra Sport insurance rates.

This comprehensive article contains all of the information you need to know so you can start comparing Hyundai Elantra car insurance quotes like an expert.

In fact, you can enter your five-digit ZIP code into our free online tool to view affordable Hyundai Elantra auto insurance rates from multiple companies right now.

U.S. average insurance prices for a Hyundai Elantra are $1,348 every 12 months with full coverage. Comprehensive insurance costs on average $256 a year, collision costs $536, and liability costs around $398. Liability-only insurance costs as low as $460 a year, with high-risk driver insurance costing $2,942 or more. 16-year-old drivers pay the highest rates at $5,118 a year or more.

Average premium for full coverage: $1,348

Price estimates by individual coverage:

Price estimates include $500 comprehensive and collision deductibles, minimum liability limits, and includes medical and UM/UIM coverage. Estimates are averaged for all U.S. states and Elantra trim levels.

Price Range from Low to High

Geographic Price Range

Where you live can have significant affects on auto insurance rates. Rural areas have more infrequent collision claims than congested cities.

The diagram below illustrates the difference location can make on car insurance rates.

The ranges above demonstrate why it is important to compare prices based on a specific location and their own driving history, instead of using rate averages.

Use the form below to get customized rates for your location.

More Rate Details

The chart below details estimated Hyundai Elantra insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $770
• Using higher $1,000 deductibles will save around $1,170 annually
• The average price for the average middle-age driver with $500 deductibles is $1,348
• Buying low $100 deductibles for physical damage coverage costs an extra $354 every year
• Drivers with multiple tickets or accidents could pay upwards of $2,942 or more
• The price to insure a teen driver may cost $5,118 or more

View Chart as Image

Car insurance prices for a Hyundai Elantra are also quite variable based on deductibles and policy limits, your driving record, and the trim level of your Elantra.

Opting for high physical damage deductibles could cut prices by as much as $540 every year, while buying higher liability limits will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $304 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles may pay as little as $1,300 a year for full coverage. Prices are highest for teenage drivers, since even excellent drivers will be charged upwards of $5,100 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you may be forking out at a minimum $1,600 to $2,200 extra each year, depending on your age. A high-risk auto insurance policy can be as much as 43% to 132% more than the average rate. View High Risk Driver Rates

The state you live in has a huge impact on Hyundai Elantra insurance prices. A driver around age 40 might see prices as low as $970 a year in states like New Hampshire, Ohio, and Utah, or at least $1,820 on average in Florida, Michigan, and New York.

View Chart as Image

Since prices can be so different, the best way to find out exactly what you will pay is to get quotes and see which company has the best price. Each insurance company utilizes a different rate formula, so rate quotes may be quite different.

Insurance Rates by Trim Level and Model Year

Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Shop for Cheaper Hyundai Elantra Insurance

Getting lower rates on car insurance requires having a decent driving record, maintaining a good credit score, avoid buying unnecessary coverage, and maximizing policy discounts. Make time to compare rates every couple of years by requesting rates from direct companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

The following items are a condensed summary of the material that was touched on in this article.

• Policyholders who require additional liability coverage will pay around $440 every year to increase from a low limit to a 250/500 level
• 16 to 18-year-old drivers are expensive to insure, costing up to $427 a month if the policy includes full coverage
• Higher risk drivers with multiple at-fault accidents may pay on average $1,590 more each year than a driver with a clean driving record
• Increasing physical damage deductibles could save as much as $525 each year

Now that you are aware of how Hyundai Elantra rates can fluctuate, you have a better understanding of what you might expect to pay based on the model year of your vehicle.

For example, 2016 Hyundai Elantra insurance is almost always more expensive than what you can find with 2013 Hyundai Elantra insurance rates.

The best way to find out what your individual policy will look like is by using our free online quote tool below.

What are the safety ratings of the Hyundai Elantra?

It’s important to consider the safety ratings of the Hyundai Elantra to gain a better understanding of where you might qualify for policy discounts. After all, the safer the vehicle is, the less money you should have to pay for insurance

Take a look at the safety ratings of the Hyundai Elantra below with safety results reported by the Insurance Institute for Highway Safety.

• Small overlap front (driver-side): Good
• Small overlap front (passenger-side): Good
• Moderate overlap front: Good
• Side: Good
• Roof strength: Good
• Head restraints and seats: Good

In case you are unaware, “Good” is the highest rating possible, and the Hyundai Elantra achieved that mark in every part of the car that was tested.

Hyundai Elantra Crash Test Ratings

Good crash test ratings mean you will be better protected in a crash. They can also help lower your auto insurance rates.

Hyundai Elantra Crash Test Ratings

Only a few Hyundai Elantra builds have 5-star crash ratings, but 4 stars is also a decent rating.

Hyundai Elantra Insurance Loss Probability

Low insurance loss probability equals low insurance rates, while high insurance loss probability equals high insurance rates.

Hyundai Elantra Insurance Loss Probability

Comprehensive coverage has the best insurance loss probability rate.

Hyundai Elantra Compared Against Other Vehicles in the Same Class

Experts from the Insurance Institute for Highway Safety classify the Hyundai Elantra as a small four-door sedan. By comparison, other similar models include the following:

• Chevrolet Cruze
• Honda Civic
• Toyota Corolla

In the end, it pays to do your research before you buy Hyundai Elantra car insurance.

By now you should have a great handle on how Hyundai Elantra insurance rates are calculated, so is there anything we might have missed?

If not, you can begin comparing Hyundai Elantra auto insurance rates from top companies by using our free quote tool now!

References

1. https://www.iihs.org/ratings/vehicle/hyundai/elantra-4-door-sedan/2020
2. https://www.nhtsa.gov/ratings