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.

Average auto insurance rates for a Hyundai Elantra are $1,346 annually with full coverage. Comprehensive costs approximately $248 a year, collision costs $524, and liability costs $416. Buying just liability costs as little as $474 a year, with insurance for high-risk drivers costing around $2,938. Teen drivers receive the highest rates at $5,136 a year or more.

Average premium for full coverage: $1,346

Rate estimates by individual coverage type:

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

Price Range by Coverage and Risk

Price Range by Location

Your location can have significant affects on the price of insurance. Rural locations tend to have fewer collision claims than larger metro areas.

The diagram below illustrates how where you live affects auto insurance prices.

These examples demonstrate why it is important to compare rates using their specific location and their own personal driving habits, instead of using price 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 additional coverage and risk scenarios.

• The lowest rate with discounts is $769
• Drivers who choose higher $1,000 deductibles will pay $1,170 annually
• The estimated rate for a 40-year-old driver who chooses $500 deductibles is $1,346
• Choosing low $100 deductibles for comprehensive and collision insurance will cost $1,688
• Higher-risk drivers with multiple violations and an at-fault accident could pay around $2,938 or more
• The cost with full coverage for a teen driver can cost $5,136 a year

View Chart as Image

Auto insurance rates for a Hyundai Elantra can also vary considerably based on the trim level of your Elantra, your driving record, and physical damage deductibles and liability limits.

Older drivers with a good driving record and high physical damage deductibles may pay as little as $1,300 per year on average for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they will have to pay in the ballpark of $5,100 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you may be forking out anywhere from $1,600 to $2,200 in extra premium per year, depending on your age. A high-risk auto insurance policy can cost as much as 43% to 132% more than average. View High Risk Driver Rates

Choosing high deductibles could save up to $520 every year, while buying higher liability limits will push rates upward. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $318 extra every year. View Rates by Deductible or Liability Limit

Where you live makes a big difference in Hyundai Elantra insurance prices. A 40-year-old driver could pay as low as $970 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,820 on average in New York, Michigan, and Florida.

View Chart as Image

With so much variability in rates, the best way to find out who has the cheapest auto insurance rates is to get quotes and see which company has the best rate. Every company uses a different rate calculation, and quoted rates can be significantly different between companies.

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 Buy Cheap Hyundai Elantra Insurance

Saving money on car insurance not only requires having a decent driving record, but also having above-average credit, eliminating unnecessary coverage, and not having any coverage lapses. Take the time to comparison shop every couple of years by obtaining price quotes from direct companies like Progressive and GEICO, and also from your local independent and exclusive agents.

The following items are a brief summary of the material that was touched on in the above illustrations.

• Policyholders who purchase additional liability coverage will pay about $460 every year to go from a minimum limit to higher 250/500 limits
• 16 to 18-year-old drivers have the highest car insurance rates, with premiums as much as $428 per month if full coverage is included
• Higher risk drivers that tend to have accidents or serious violations may pay on average $1,590 more per year than a driver with a clean driving record
• Increasing deductibles could save up to $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