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 prices for a Hyundai Elantra are $1,346 every 12 months for full coverage insurance. Comprehensive insurance costs an estimated $248 a year, collision costs $524, and liability costs around $416. Liability-only coverage costs as low as $474 a year, with high-risk coverage costing $2,938 or more. Teens pay the highest rates at $5,136 a year or more.

Average premium for full coverage: $1,346

Price estimates broken down by individual coverage:

Prices include $500 deductible amounts, minimum liability limits, and includes medical and UM/UIM coverage. Estimates are averaged for all 50 states and Elantra trim levels.

Price Range from Low to High

Geographic Price Range

Where you live can make a big difference on the price of insurance. More rural locations have more infrequent physical damage claims than cities with more traffic congestion.

The diagram below illustrates the effect of geographic area on insurance prices.

The ranges above illustrate why it is important to compare prices for a targeted area and their own driving history, instead of making a decision based on averaged prices.

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

More Rate Details

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

• The cheapest rate after discounts is $769
• Using higher $1,000 deductibles will save approximately $1,170 each year
• The average price for the average middle-age driver who has $500 deductibles is $1,346
• Selecting low $100 deductibles for physical damage coverage costs an extra $342 annually
• High-risk insureds with serious driving violations could pay up to $2,938 or more
• The price to insure a 16-year-old driver can cost as much as $5,136 or more

View Chart as Image

Auto insurance prices for a Hyundai Elantra are also quite variable based on deductibles and policy limits, your risk profile, and the model year and trim level.

Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $520 annually, while buying higher liability limits will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $318 extra every year. View Rates by Deductible or Liability Limit

Older drivers with a good driving record and higher deductibles may pay as low as $1,300 a year for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will have to pay at least $5,100 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you are probably paying $1,600 to $2,200 in extra premium each year, depending on your age. A high-risk auto insurance policy can be from 43% to 132% more than the average policy. View High Risk Driver Rates

The state you live in has a huge impact on Hyundai Elantra insurance prices. A driver around age 40 might see prices as low as $880 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,820 on average in Florida, New York, and Michigan.

View Chart as Image

Since prices can be so different, the only way to figure out which car insurance is cheapest is to get quotes from multiple companies. Each insurance company calculates prices differently, and quoted prices may be quite different.

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 Shop for the Right Hyundai Elantra Insurance

Getting lower rates on insurance for a Hyundai Elantra requires having a good driving record, having a good credit score, not filing small claims, and qualifying for all possible discounts. Take the time to compare rates every couple of years by getting quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

The next list is a quick rundown of the material that was covered in the above illustrations.

• Insureds who want increased levels of liability coverage will pay approximately $460 annually to increase from a low limit to a 250/500 level
• Drivers age 20 and younger are the costliest to insure, as much as $428 a month if comprehensive and collision insurance is included
• Drivers considered higher risk with reckless driving or DUI convictions could be forced to pay on average $1,590 more annually to buy Hyundai Elantra insurance
• Increasing physical damage deductibles could save as much as $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