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 $1,346 a year for full coverage. Comprehensive costs on average $248 a year, collision costs $524, and liability costs around $416. Buying just liability costs as low as $474 a year, with insurance for high-risk drivers costing around $2,938. Teen drivers receive the highest rates at $5,136 a year or more.

Average premium for full coverage: $1,346

Rate estimates by individual coverage type:

Includes $500 policy deductibles, bodily injury liability limits of 30/60, and includes UM/UIM and medical coverage. Rates are averaged for all states and Elantra trim levels.

Price Range by Coverage and Risk

Price Range by Location

Where you live can make a big difference on car insurance rates. Rural areas tend to have a lower frequency of accident claims than larger metro areas.

The diagram below illustrates the difference location can make on car insurance rates.

These examples show why it is important to compare prices based on a specific location and risk profile, instead of making a decision based on price averages.

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

Rates by State, City, and Model

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

• The lowest rate with discounts is $769
• Using higher $1,000 deductibles will save around $1,170 a year
• The average rate for a 40-year-old driver with $500 deductibles is $1,346
• Choosing low $100 deductibles for physical damage coverage will increase the cost to $1,688
• High-risk insureds with multiple violations and an at-fault accident could pay upwards of $2,938 or more
• The cost for full coverage for a 16-year-old driver may cost $5,136 or more

View Chart as Image

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

Older drivers with a good driving record and high deductibles may pay as low as $1,300 a year for full coverage. Rates are highest for teen drivers, where even good drivers will have to pay upwards of $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 $890 a year in states like Idaho, Maine, and Iowa, or as much as $1,920 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing high deductibles could cut rates by as much as $520 annually, while buying higher liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $318 extra every year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you could be paying at a minimum $1,600 to $2,200 in extra premium per year, depending on your age. A high-risk auto insurance policy can be from 43% to 132% more than average. View High Risk Driver Rates

With so much variability in rates, the only way to know exactly what you will pay is to get quotes from multiple companies. Each insurance company uses a different rate calculation, and quoted 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 the Cheapest Hyundai Elantra Insurance

Saving money on insurance for a Hyundai Elantra requires being safe and accident-free, having good credit, eliminating unneeded coverage, and taking advantage of discounts. Make time to compare rates every other policy renewal by quoting rates from direct carriers like GEICO and Progressive, and also from your local insurance agents.

Below you'll find a recap of the ideas that were touched on in this article.

• Youthful drivers are charged the highest rates, costing as high as $428 per month if they have full coverage
• Drivers considered higher risk that have major violations or accidents will pay on average $1,590 more each year than a low-risk driver
• Increasing deductibles can save around $525 each year
• Drivers can save as much as $160 per year simply by quoting early and online

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