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 $1,358 a year for full coverage. Comprehensive costs around $268 a year, collision costs $542, and liability coverage is $390. A liability-only policy costs around $452 a year, with high-risk insurance costing around $2,950. Teen drivers pay the most at $5,108 a year or more.

Average premium for full coverage: $1,358

Premium estimates for type of coverage:

Rates are based on $500 physical damage deductibles, 30/60 bodily injury liability limits, and includes additional medical/uninsured motorist coverage. Rates include averaging for all states and Elantra trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city has a large influence on auto insurance rates. Areas with sparse population are statistically proven to have lower incidents of accident claims than larger metro areas.

The diagram below illustrates the effect of geographic area on auto insurance rates.

These rate differences show why it is important to compare rates quotes for a specific zip code, rather than using price averages.

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

Additional Rate Analysis

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

• The lowest rate with discounts is $777
• Raising to $1,000 deductibles will save about $1,174 a year
• The estimated price for a 40-year-old good driver using $500 deductibles is $1,358
• Choosing low $100 deductibles bumps up the cost to $1,714
• Unlucky drivers with multiple violations and an at-fault accident could pay at least $2,950 or more
• An auto insurance policy that insures a teenage driver can be $5,108

View Chart as Image

Auto insurance prices for a Hyundai Elantra also have a wide range based on the trim level of your Elantra, how you drive, and deductibles and policy limits.

If you have a few violations or you caused an accident, you could be paying at least $1,600 to $2,200 in extra premium annually, depending on your age. A high-risk auto insurance policy is expensive and can cost around 43% to 131% more than average. View High Risk Driver Rates

Older drivers with a good driving record and higher comprehensive and collision deductibles may only pay around $1,300 every 12 months on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will have to pay as much as $5,100 a year. View Rates by Age

Where you choose to live also has a big influence on Hyundai Elantra insurance rates. A middle-age driver might find prices as low as $890 a year in states like Idaho, Maine, and Iowa, or as much as $1,940 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing high deductibles can reduce prices by up to $540 a year, while buying higher liability limits will increase prices. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $299 extra every year. View Rates by Deductible or Liability Limit

With such a large range in prices, the only way to know your exact price is to get quotes and see how they stack up. Every auto insurance company uses a different rate calculation, and quoted prices will be substantially different.

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 Best Cheap Hyundai Elantra Insurance

Finding better rates on auto insurance consists of being a safe and courteous driver, maintaining a good credit score, not filing small claims, and maximizing policy discounts. Shop around at every other renewal by requesting rates from direct carriers, and also from several local insurance agents.

Below is a quick review of the concepts that were covered in the above illustrations.

• Drivers with a DUI or reckless driving violation pay on average $1,590 more every year for auto insurance
• Teenage drivers are expensive to insure, as much as $426 per month if the policy includes full coverage
• Drivers can save up to $160 per year simply by quoting early and online
• Increasing policy deductibles can save approximately $550 each year
• Drivers can save up to $160 per year simply 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