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 $1,346 a year with full coverage. Comprehensive costs around $248 each year, collision insurance costs $524, and liability coverage costs $416. Buying just liability costs as little as $474 a year, and insurance for high-risk drivers costs around $2,938. 16-year-old drivers cost the most to insure at up to $5,136 a year.

Average premium for full coverage: $1,346

Policy rates for type of insurance:

Price estimates include $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes both medical and uninsured motorist insurance. Prices are averaged for all U.S. states and Elantra models.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on insurance rates. Areas with sparse population are shown to have a lower frequency of collision claims than congested cities. The graphic below illustrates the effect of geographic area on auto insurance rates.

The examples above demonstrate why all drivers should compare rates for a specific zip code and risk profile, rather than using rate averages.

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

Additional Rate Details

The chart below details average Hyundai Elantra insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $769
• Drivers who choose higher $1,000 deductibles will pay about $176 annually
• The average rate for a good driver age 40 using $500 deductibles is $1,346
• Buying low deductibles for comprehensive and collision insurance will increase the cost to $1,688
• High-risk insureds with multiple tickets or accidents could pay at least $2,938
• Policy cost for full coverage for a teenage driver can be $5,136 a year

View Chart as Image

Insurance rates for a Hyundai Elantra also range considerably based on your risk profile, the trim level and model year, and deductibles and policy limits.

More mature drivers with a clean driving record and high deductibles may only pay around $1,300 per year on average, or $108 per month, for full coverage. Rates are highest for teenagers, where even good drivers can expect to pay as much as $5,100 a year. View Rates by Age

Your home state makes a big difference in Hyundai Elantra insurance rates. A 40-year-old driver could pay 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

Opting for high physical damage deductibles could save up to $520 a year, whereas increasing liability limits will increase rates. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $318 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out at least $1,600 to $2,200 extra every year, depending on your age. Insurance for high-risk drivers can cost around 43% to 132% more than the average rate. View High Risk Driver Rates

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 Cheaper Hyundai Elantra Insurance

Finding cheaper rates on auto insurance not only requires being a low-risk driver, but also maintaining good credit, not filing small claims, and dropping full coverage on older vehicles. Take the time to compare rates at every other renewal by quoting rates from direct companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The items below are a condensed summary of the concepts that were covered in the above illustrations.

• Drivers with multiple at-fault accidents pay an average of $1,590 more every year to insure their Elantra
• Teen drivers pay higher rates, as much as $428 each month for full coverage
• You may be able to save up to $160 per year just by quoting online in advance
• Increasing comprehensive and collision deductibles can save around $525 each year
• You may be able to save up to $160 per year just by quoting online in advance

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