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 with full coverage. Comprehensive costs on average $268, collision costs $542, and liability coverage costs $390. A policy with only liability insurance costs as little as $452 a year, with a high-risk policy costing around $2,950. 16-year-old drivers pay the most at $5,108 a year or more.

Average premium for full coverage: $1,358

Premium estimates by type of coverage:

These estimates include $500 policy deductibles, 30/60 liability coverage, and includes uninsured/under-insured motorist coverage. Rates include averaging for all U.S. states and for different Elantra trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location has a large influence on auto insurance rates. Rural areas are statistically proven to have lower incidents of collision claims than congested cities.

The price range example below illustrates how location helps determine car insurance rates.

These rate differences demonstrate why anyone shopping for car insurance should compare rates based on a specific location, rather than using rate averages.

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

More Rate Information

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

• The best full coverage rate is $777
• Drivers who choose higher $1,000 deductibles will pay around $184 annually
• The estimated price for a 40-year-old good driver with $500 deductibles is $1,358
• Buying more expensive low deductibles for comprehensive and collision insurance bumps up the cost to $1,714
• High-risk insureds with multiple tickets or accidents could pay upwards of $2,950 or more
• An auto insurance policy that insures a teenage driver with full coverage may cost $5,108 a year

View Chart as Image

Car insurance prices for a Hyundai Elantra also have a wide range based on the model year and trim level, your age and driving habits, and policy deductibles and limits.

If you have a few violations or you caused an accident, you may be forking out at a minimum $1,600 to $2,200 extra annually, depending on your age. High-risk driver insurance can cost around 43% to 131% more than the average rate. View High Risk Driver Rates

An older driver with no driving violations and higher comprehensive and collision deductibles may only pay around $1,300 per year 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 be charged upwards of $5,100 a year. View Rates by Age

Where you choose to live makes a big difference in Hyundai Elantra insurance rates. A 40-year-old driver could pay as low as $980 a year in states like New Hampshire, Ohio, and Utah, or at least $1,830 on average in Florida, Michigan, and New York.

View Chart as Image

Opting for high physical damage deductibles could save up to $540 a year, while increasing your policy's liability limits will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $299 extra every 12 months. View Rates by Deductible or Liability Limit

With such a large range in prices, the best way to find out exactly what you will pay is to compare prices and see how they stack up. Every company utilizes a different rate formula, so rate quotes 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 Cheap Hyundai Elantra Insurance

Finding better rates on auto insurance not only requires being a good driver, but also having a positive credit history, being claim-free, and maximizing policy discounts. Comparison shop every year by obtaining price quotes from direct companies, and also from several local insurance agents.

The following list is a brief summary of the coverage data covered in the charts and tables above.

• You may be able to save as much as $160 per year simply by shopping early and online
• Increasing policy deductibles can save approximately $550 each year
• Drivers age 16 to 20 are expensive to insure, possibly costing $426 per month if full coverage is purchased
• Drivers that tend to have accidents or serious violations pay on average $1,590 more each year than a safer driver

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.

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.

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