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.

Estimated insurance rates for a Hyundai Elantra are $1,348 a year including full coverage. Comprehensive costs on average $256 each year, collision costs $536, and liability costs $398. A liability-only policy costs as little as $460 a year, with high-risk insurance costing around $2,942. Teen drivers pay the most at $5,118 a year or more.

Average premium for full coverage: $1,348

Premium estimates by type of coverage:

Prices are based on $500 physical damage deductibles, 30/60 liability limits, and includes both medical and UM/UIM coverage. Rates include averaging for all 50 U.S. states and Elantra models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location can have significant affects on car insurance rates. Rural areas are statistically proven to have a lower frequency of comprehensive and collision claims than larger metro areas.

The graphic below illustrates the difference between rural and urban areas on car insurance rates.

These rate differences highlight why all drivers should compare rates based on a specific location and risk profile, instead of using price averages.

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

Rate Comparisons

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

• The lowest rate with discounts is $770
• Drivers who choose higher $1,000 deductibles will pay around $178 every year
• The average rate for a 40-year-old good driver with $500 deductibles is $1,348
• Choosing low deductibles for comprehensive and collision insurance will increase the cost to $1,702
• Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $2,942 or more
• An auto insurance policy for full coverage for a teen driver may cost $5,118 a year

View Chart as Image

Auto insurance prices for a Hyundai Elantra also have a wide range based on your driving characteristics, the model of your Elantra, and policy deductibles and limits.

More mature drivers with a good driving record and high deductibles may pay as little as $1,300 per year on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers will have to pay upwards of $5,100 a year. View Rates by Age

Where you choose to live 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 Missouri, New Hampshire, and Vermont, or as much as $1,930 on average in Michigan, New York, and Louisiana.

View Chart as Image

Choosing high deductibles could save up to $540 every year, whereas increasing liability limits will cost you more. Changing from a 50/100 limit to a 250/500 limit will cost up to $304 extra every year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you are likely paying at a minimum $1,600 to $2,200 in extra premium annually, depending on your age. Insurance for high-risk drivers can cost as much as 43% to 132% more than average. View High Risk Driver Rates

With such a large range in prices, the best way to figure out exactly what you will pay is to do a rate comparison and see which company has the best price. Every company uses a different rate calculation, and quoted prices will be substantially 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 Affordable Hyundai Elantra Insurance

Finding better rates on car insurance not only requires being a safe and courteous driver, but also having good credit, refrain from filing small claims, and taking advantage of discounts. Set aside time to compare rates at every policy renewal by requesting rates from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

Below is a brief review of the data covered above.

• Policyholders who require higher levels of liability will pay about $440 per year to go from 30/60 bodily injury limits to 250/500 limits
• You may be able to save as much as $160 per year simply by quoting online in advance
• Increasing policy deductibles can save around $525 each year
• Teenage drivers are charged the highest prices, with the cost nearing $427 per month if they have full coverage

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