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 $1,348 a year with full coverage. Comprehensive costs an estimated $256, collision costs $536, and liability costs around $398. A liability-only policy costs as low as $460 a year, with high-risk insurance costing around $2,942. 16-year-old drivers receive the highest rates at $5,118 a year or more.

Average premium for full coverage: $1,348

Rate estimates broken down by individual coverage type:

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

Price Range by Coverage and Risk

Price Range by Location

Where you live can have significant affects on car insurance rates. More rural locations tend to have a lower frequency of collision claims than congested cities.

The example below illustrates the difference location can make on insurance prices.

These examples demonstrate why everyone should compare prices for a targeted area and risk profile, instead of using rate averages.

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

Rates by State, City, and Model

The chart below details estimated Hyundai Elantra insurance rates for other coverage scenarios.

• The best full coverage rate is $770
• Using higher $1,000 deductibles will save approximately $178 annually
• The average rate for a 40-year-old driver who has $500 deductibles is $1,348
• Buying pricier low deductibles for physical damage coverage will increase the cost to $1,702
• Drivers with multiple tickets or accidents could pay up to $2,942 or more
• The cost for full coverage for a teen driver for full coverage can cost as much as $5,118 or more

View Chart as Image

Insurance rates for a Hyundai Elantra can also vary considerably based on your driver profile, the trim level and model year, and liability limits and deductibles.

A more mature driver with a clean driving record and high deductibles may pay as little as $1,300 a year for full coverage. Rates are highest for teen drivers, where even good drivers can expect to pay at least $5,100 a year. View Rates by Age

Where you live has a huge impact on Hyundai Elantra insurance prices. A driver around age 40 might see 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

Opting for high physical damage deductibles could cut rates by as much as $540 every year, whereas buying more liability protection will increase premiums. Moving from a 50/100 limit to a 250/500 limit will cost as much as $304 more per year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you may be forking out $1,600 to $2,200 extra per year, depending on your age. Hyundai Elantra insurance for high-risk drivers can be as much as 43% to 132% more than the average rate. View High Risk Driver Rates

With so much variability in rates, the best way to find out which company is cheapest is to regularly compare rates and see which company has the best rate. Each insurance company utilizes a different rate formula, so the rates 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 requires being a good driver, maintaining good credit, eliminating unnecessary coverage, and taking advantage of discounts. Make time to compare rates every year by obtaining price quotes from direct companies like GEICO and Progressive, and also from local exclusive and independent agents.

The following list is a brief review of the coverage data touched on in this article.

• You may be able to save approximately $160 per year simply by quoting online well ahead of the renewal date
• Increasing deductibles can save around $525 each year
• Drivers age 16 to 20 are charged the highest rates, with premiums as much as $427 per month for full coverage
• Higher risk drivers with DUI or reckless driving convictions may pay on average $1,590 more annually 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.

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