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 insurance prices for a Hyundai Elantra are $1,348 every 12 months with full coverage. Comprehensive costs approximately $256 each year, collision insurance costs $536, and liability insurance is $398. A liability-only policy costs around $460 a year, and high-risk insurance costs around $2,942. 16-year-old drivers receive the highest rates at up to $5,118 a year.

Average premium for full coverage: $1,348

Rate estimates by individual coverage type:

Full coverage includes $500 comprehensive and collision deductibles, liability coverage up to 30/60, and includes uninsured motorist and medical coverage. Rates are averaged for all U.S. states and Elantra models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city has a significant impact on the price of insurance. Rural locations tend to have more infrequent collision claims than congested cities. The graphic below illustrates the effect of geographic area on auto insurance prices.

These examples demonstrate why all drivers should compare rates quotes using their specific location and their own driving history, rather than relying on rate averages.

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

Additional Rate Information

The chart below details average Hyundai Elantra insurance rates for additional coverage and risk scenarios.

• The best full coverage rate is $770
• Raising to $1,000 deductibles will save $178 annually
• The average price for a 40-year-old driver who chooses $500 deductibles is $1,348
• Buying low deductibles increases the price to $1,702
• Higher-risk drivers with multiple tickets or accidents could pay around $2,942
• The cost to insure a teen driver can cost $5,118

View Chart as Image

Insurance rates for a Hyundai Elantra can also vary considerably based on policy deductibles and limits, your driving record, and the model of your Elantra.

Opting for high physical damage deductibles can reduce rates by up to $540 each year, whereas increasing liability limits will push rates upward. Moving from a 50/100 liability limit to a 250/500 limit will cost as much as $304 more per year. View Rates by Deductible or Liability Limit

More mature drivers with a clean driving record and higher deductibles could pay as little as $1,300 every 12 months on average for full coverage. Rates are highest for teen drivers, since even excellent drivers can expect to pay in the ballpark of $5,100 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you may be forking out anywhere from $1,600 to $2,200 extra per year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 43% to 132% more than the average rate. View High Risk Driver Rates

Where you live also has a big influence on Hyundai Elantra insurance rates. A middle-age driver might find rates as low as $970 a year in states like Utah, Ohio, and New Hampshire, or at least $1,820 on average in New York, Michigan, and Florida.

View Chart as Image

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 Shop for More Affordable Hyundai Elantra Insurance

Saving money on Hyundai Elantra insurance consists of avoiding accidents and violations, having good credit, eliminating unnecessary coverage, and possibly raising deductibles. Take the time to compare rates every time your policy renews by getting quotes from direct companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.

The list below is a summary of the information covered in the above illustrations.

• You may be able to save around $160 per year just by quoting online in advance
• Teenagers are expensive to insure, with premiums as much as $427 per month if they have full coverage
• Increasing deductibles could save as much as $525 each year
• High-risk drivers who have multiple accidents or major violations could be forced to pay on average $1,590 more per year for car insurance
• Drivers who purchase higher liability limits will pay around $440 every year to raise from a minimum limit to a 250/500 level

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