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.

The average insurance rates for a Hyundai Elantra are $1,348 a year including full coverage. Comprehensive insurance costs approximately $256 a year, collision insurance costs $536, and liability costs $398. Liability-only coverage costs as little as $460 a year, and high-risk coverage costs $2,942 or more. Teen drivers cost the most to insure at up to $5,118 a year.

Average premium for full coverage: $1,348

Policy rates by type of insurance:

Prices include $500 policy deductibles, 30/60 bodily injury liability limits, and includes both medical and uninsured motorist insurance. Prices are averaged for all 50 U.S. states and Elantra trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on car insurance prices. Rural locations are shown to have lower incidents of comprehensive and collision claims than larger metro areas. The diagram below illustrates how rural and urban location affects auto insurance prices.

The examples above highlight why it is important to compare rates using their specific location, instead of making a decision based on price averages.

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

Additional Rate Details

The chart below breaks down average Hyundai Elantra insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $770
• Drivers who choose higher $1,000 deductibles will pay $1,170 every year
• The estimated price for a good driver age 40 who chooses $500 deductibles is $1,348
• Choosing low $100 deductibles for comprehensive and collision insurance will cost an additional $354 annually
• Drivers with multiple violations and an at-fault accident could pay around $2,942
• Policy cost that insures a 16-year-old driver can cost $5,118 a year

View Chart as Image

Insurance rates for a Hyundai Elantra also range considerably based on the trim level of your Elantra, your driving record and age, and physical damage deductibles and liability limits.

If you have a few points on your driving record or you caused an accident, you are likely paying anywhere from $1,600 to $2,200 additional every year, depending on your age. A high-risk auto insurance policy can cost from 43% to 132% more than average. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as low as $1,300 per year on average, or $108 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records should be prepared to pay in the ballpark of $5,100 a year. View Rates by Age

Your home state makes a big difference in Hyundai Elantra insurance prices. A 40-year-old driver could pay as low as $1,040 a year in states like Vermont, New Hampshire, and Missouri, or as much as $1,930 on average in Louisiana, New York, and Michigan.

View Chart as Image

Choosing high deductibles could save up to $540 annually, while buying higher liability limits will push rates upward. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $304 more each year. View Rates by Deductible or Liability Limit

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 Find the Right Hyundai Elantra Insurance

Finding cheaper rates on insurance for a Hyundai Elantra not only requires avoiding accidents and claims, but also having a good credit score, paying for small claims out-of-pocket, and consideration of higher deductibles. Shop around at every other renewal by getting quotes from direct car insurance companies, and also from local auto insurance providers.

The points below are a quick rundown of the concepts that were raised in the charts and tables above.

• Drivers considered higher risk with reckless driving or DUI convictions will likely pay on average $1,590 more per year to insure a Hyundai Elantra
• Drivers under the age of 20 are the costliest to insure, with premiums being up to $427 each month if comprehensive and collision insurance is included
• You may be able to save around $160 per year just by quoting early and online
• Increasing comprehensive and collision deductibles can save approximately $525 each year
• You may be able to save around $160 per year just by quoting early and online

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