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 rates for a Hyundai Elantra are $1,348 a year for full coverage insurance. Comprehensive insurance costs around $256 each year, collision costs $536, and liability costs around $398. A policy with just liability insurance costs as low as $460 a year, with coverage for high-risk drivers costing $2,942 or more. Teenage drivers pay the highest rates at $5,118 a year or more.

Average premium for full coverage: $1,348

Price estimates for individual coverage:

These estimates include $500 deductibles, minimum liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all 50 states and Elantra models.

Price Range from Low to High

Geographic Price Range

Where you live can make a big difference on car insurance rates. Areas with sparse population have a lower frequency of physical damage claims than densely populated cities.

The graphic below illustrates how geographic area affects auto insurance rates.

The ranges above illustrate why all drivers should compare prices for a specific zip code and risk profile, instead of making a decision based on average rates.

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

Rates by State, City, and Model

The chart below illustrates estimated Hyundai Elantra insurance rates for additional coverage choices and driver risks.

• The best discount rate is $770
• Using higher $1,000 deductibles will save about $178 each year
• The average rate for the average middle-age driver using $500 deductibles is $1,348
• Using low deductibles for physical damage coverage will cost an extra $354 annually
• High-risk insureds who are prone to accidents and violations could pay at least $2,942 or more
• The price for full coverage for a 16-year-old driver can be $5,118 or more

View Chart as Image

Insurance prices for a Hyundai Elantra are also quite variable based on your driving record, the model year and trim level, and deductibles and policy limits.

More mature drivers with a clean driving record and high deductibles may pay as low as $1,300 a year for full coverage. Prices are much higher for teenage drivers, where even good drivers can expect to pay as much as $5,100 a year. View Rates by Age

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 $880 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,820 on average in Michigan, New York, and Florida.

View Chart as Image

Using high physical damage deductibles could cut prices by as much as $540 annually, whereas increasing liability limits will increase prices. Switching from a 50/100 limit to a 250/500 limit will increase prices by as much as $304 more per year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are probably paying at least $1,600 to $2,200 extra each year, depending on your age. Insurance for high-risk drivers can be from 43% to 132% more than a normal policy. View High Risk Driver Rates

Since prices can be so different, the only way to figure out your exact price is to do a rate comparison from multiple companies. Each insurance company uses a different method to calculate prices, so the prices may be quite different from one company to the next.

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 Cheap Hyundai Elantra Insurance

Getting lower rates on insurance for a Hyundai Elantra requires not taking risks behind the wheel, maintaining good credit, not filing small claims, and insuring your home and auto with the same company. Invest the time to compare rates every couple of years by quoting rates from direct insurance companies like Progressive and GEICO, and also from local exclusive and independent agents.

The following is a brief summary of the material that was presented in the illustrations above.

• Insureds who may need higher liability limits will pay an extra $440 annually to increase from a low limit to 250/500 limits
• Teens pay higher prices, as much as $427 a month for full coverage
• Drivers considered higher risk that tend to have accidents or serious violations may pay on average $1,590 more every year for Elantra insurance
• Increasing physical damage deductibles can save around $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