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 rates for a Hyundai Elantra are $1,358 a year for full coverage. Comprehensive insurance costs approximately $268, collision costs $542, and liability is estimated at $390. Liability-only coverage costs approximately $452 a year, with high-risk coverage costing $2,950 or more. 16-year-old drivers receive the highest rates at $5,108 a year or more.

Average premium for full coverage: $1,358

Rate estimates by individual coverage type:

Prices are based on $500 deductibles, liability limits of 30/60, and includes medical and UM/UIM coverage. Rates are averaged for all states and for all Elantra models.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can have significant affects on car insurance rates. Rural locations tend to have a lower frequency of accident claims than congested cities.

The example below illustrates the difference between rural and urban areas on auto insurance prices.

These examples show why everyone should get quotes using their specific location and risk profile, instead of using rate averages.

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

More Rate Details

The chart below shows estimated Hyundai Elantra insurance rates for additional coverage and risk scenarios.

• The best full coverage rate is $777
• Choosing higher $1,000 deductibles can save $184 a year
• The average rate for a 40-year-old driver who chooses $500 deductibles is $1,358
• Buying pricier low deductibles for comp and collision coverage will cost an extra $356 every year
• Unlucky drivers with multiple tickets or accidents could pay around $2,950 or more
• The cost for full coverage for a teen driver for full coverage can cost $5,108 each year

View Chart as Image

Car insurance rates for a Hyundai Elantra can also vary considerably based on your driver profile, the trim level of your Elantra, and physical damage deductibles and liability limits.

A more mature driver with no driving violations and high deductibles may pay as little as $1,300 annually on average for full coverage. Rates are highest for teen drivers, where even good drivers will be charged in the ballpark of $5,100 a year. View Rates by Age

Where you live plays a big part in determining prices for Hyundai Elantra insurance prices. A good driver about age 40 could pay as low as $890 a year in states like Iowa, Maine, and Idaho, or at least $1,940 on average in New York, Louisiana, and Michigan.

View Chart as Image

Opting for high physical damage deductibles can save as much as $540 every year, whereas buying more liability protection will push rates upward. Going from a 50/100 limit to a 250/500 limit will cost as much as $299 extra every 12 months. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you could be paying anywhere from $1,600 to $2,200 extra per year, depending on your age. Hyundai Elantra insurance for high-risk drivers ranges as much as 43% to 131% more than the average rate. View High Risk Driver Rates

With so much variability in rates, the only way to know who has the cheapest car insurance rates is to regularly compare rates and see which company has the best rate. Each auto insurer utilizes a different rate formula, so rate quotes can be significantly 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

Saving money on car insurance takes not taking risks behind the wheel, having above-average credit, eliminating unneeded coverage, and avoiding coverage lapses. Set aside time to compare rates once a year by getting rate quotes from direct carriers like GEICO and Progressive, and also from local exclusive and independent agents.

The following is a brief review of the data that was covered above.

• Drivers can save around $160 per year simply by quoting online well ahead of the renewal date
• Policyholders who purchase higher liability limits will pay around $430 each year to raise limits from a minimum limit to 250/500 limits
• Teens pay the highest auto insurance rates, costing as high as $426 per month if full coverage is included
• Higher risk drivers with DUI or reckless driving convictions may pay on average $1,590 more per year for Elantra insurance

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