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.

U.S. average insurance rates for a Hyundai Elantra are $1,348 a year for full coverage. Comprehensive costs around $256, collision insurance costs $536, and liability insurance is estimated at $398. Liability-only insurance costs approximately $460 a year, and high-risk driver insurance costs around $2,942. Teen drivers pay the highest rates at up to $5,118 a year.

Average premium for full coverage: $1,348

Price estimates for individual coverage:

Rates are based on $500 comprehensive and collision deductibles, 30/60 liability limits, and includes both medical and uninsured motorist insurance. Estimates are averaged for all states and for all Elantra models.

Price Range from Low to High

Geographic Price Range

Living in a larger city has a significant impact on auto insurance rates. Areas with sparse population have a lower frequency of accident claims than larger metro areas. The example below illustrates how where you live affects auto insurance rates.

The ranges above show why everyone should get quotes for a specific zip code and risk profile, rather than relying on price averages.

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

Additional Rate Details

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

• The lowest rate with discounts is $770
• Choosing higher $1,000 deductibles can save about $178 a year
• The average rate for the average middle-age driver using $500 deductibles is $1,348
• Choosing pricier low deductibles for comp and collision coverage will increase the cost to $1,702
• High-risk insureds with multiple violations and an at-fault accident could pay at least $2,942
• The price for full coverage for a teen driver for full coverage can be $5,118 each year

View Chart as Image

Car insurance prices for a Hyundai Elantra are also quite variable based on your driving record, the trim level of your Elantra, and deductibles and policy limits.

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

The state you live in plays a big part in determining prices for Hyundai Elantra insurance rates. A good driver about age 40 could pay as low as $890 a year in states like Idaho, Maine, and Iowa, or as much as $1,930 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing high deductibles can save as much as $540 each year, whereas buying more liability protection will increase prices. Going from a 50/100 limit to a 250/500 limit will increase prices by as much as $304 extra every 12 months. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you could be paying at least $1,600 to $2,200 extra each year, depending on your age. Hyundai Elantra insurance for high-risk drivers ranges anywhere from 43% to 132% more than average. 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 the Best Cheap Hyundai Elantra Insurance

Getting lower rates on Hyundai Elantra insurance takes having a decent driving record, having above-average credit, eliminating unnecessary coverage, and consideration of higher deductibles. Take the time to comparison shop at every policy renewal by getting rate quotes from direct carriers like Progressive and GEICO, and also from local insurance agents.

The following items are a quick review of the data touched on in the above illustrations.

• Drivers who may need additional liability coverage will pay about $440 each year to raise limits from a low limit to 250/500 limits
• Drivers can save up to $160 per year just by quoting online well ahead of the renewal date
• Increasing physical damage deductibles can save around $525 each year
• 16 to 18-year-old drivers are the costliest to insure, with premiums as much as $427 a month if full coverage is included

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