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 for full coverage insurance. Comprehensive costs around $256, collision insurance costs $536, and liability is $398. A liability-only policy costs around $460 a year, and high-risk insurance costs around $2,942. 16-year-old drivers pay the most at up to $5,118 a year.

Average premium for full coverage: $1,348

Premium estimates for type of coverage:

These estimates include $500 deductible amounts, minimum liability limits, and includes uninsured motorist and medical coverage. Rates include averaging for all 50 states and for all Elantra models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city can have significant affects on car insurance rates. Areas with sparse population are statistically proven to have a lower frequency of physical damage claims than congested cities. The example below illustrates how location impacts auto insurance rates.

These rate differences illustrate why everyone should compare rates quotes for a specific zip code and risk profile, instead of using rate averages.

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

Additional Rate Information

The chart below illustrates average Hyundai Elantra insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $770
• Raising to $1,000 deductibles will save about $178 each year
• The average rate for a 40-year-old good driver using $500 deductibles is $1,348
• Buying pricier low deductibles will increase the cost to $1,702
• At-risk drivers with multiple tickets or accidents could pay at least $2,942
• An auto insurance policy for full coverage for a teen driver for full coverage can be $5,118

View Chart as Image

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

A more mature driver with a good driving record and high deductibles may pay as little as $1,300 every 12 months 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 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 prices. A middle-age driver might find prices as low as $880 a year in states like Vermont, Wisconsin, and North Carolina, or at least $1,820 on average in Michigan, New York, and Florida.

View Chart as Image

Opting for high physical damage deductibles can reduce prices by up to $540 every year, whereas buying more liability protection will increase prices. Switching 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 probably paying at least $1,600 to $2,200 in extra premium annually, depending on your age. Hyundai Elantra insurance for high-risk drivers is expensive and can cost as much as 43% to 132% more than the average rate. View High Risk Driver Rates

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 car insurance consists of having a good driving record, having good credit, paying for small claims out-of-pocket, and possibly raising deductibles. Spend time shopping around every couple of years by requesting quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

The next list is a brief summary of the material that was touched on above.

• Policyholders who may need increased levels of liability coverage will pay around $440 annually to raise from 30/60 bodily injury limits to 250/500 limits
• Drivers age 20 and younger are expensive to insure, with premiums being up to $427 per month if they have full coverage
• Higher risk drivers that tend to have accidents or serious violations may pay on average $1,590 more every year to buy Hyundai Elantra insurance
• Increasing policy deductibles can save around $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