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 prices for a Hyundai Elantra are $1,348 every 12 months for full coverage insurance. Comprehensive costs around $256, collision insurance costs $536, and liability costs around $398. A policy with just liability insurance costs as low as $460 a year, and coverage for high-risk drivers costs around $2,942. Teen drivers receive the highest rates at up to $5,118 a year.

Average premium for full coverage: $1,348

Rate estimates for individual coverage type:

Includes $500 policy deductibles, 30/60 liability coverage, and includes additional medical/uninsured motorist coverage. Rates are averaged for all 50 states and for different Elantra trim levels.

Price Range by Coverage and Risk

Price Range by Location

Where you live can have significant affects on car insurance rates. Areas with sparse population tend to have more infrequent physical damage claims than larger metro areas. The price range example below illustrates how where you live affects auto insurance rates.

These examples illustrate why anyone shopping for car insurance should compare prices for a specific zip code and their own driving history, instead of using price averages.

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

Additional Rate Analysis

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

• The lowest rate with discounts is $770
• Using higher $1,000 deductibles will save about $178 each year
• The average price for a 40-year-old driver using $500 deductibles is $1,348
• Choosing more expensive low deductibles for physical damage coverage increases the price to $1,702
• Drivers with multiple violations and an at-fault accident could pay at least $2,942
• The cost to insure a teen driver with full coverage can be $5,118 or more

View Chart as Image

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

Choosing high deductibles could cut rates by as much as $540 every year, while increasing your policy's liability limits will increase rates. Switching from a 50/100 liability limit to a 250/500 limit will cost as much as $304 more each year. View Rates by Deductible or Liability Limit

An older driver with no violations or accidents and higher deductibles may pay as little as $1,300 a year for full coverage. Rates are highest for teen drivers, since even excellent drivers should be prepared to pay as much as $5,100 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are probably paying at least $1,600 to $2,200 additional per year, depending on your age. High-risk driver insurance can be as much as 43% to 132% more than average. View High Risk Driver Rates

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

View Chart as Image

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 Cheapest Hyundai Elantra Insurance

Saving money on car insurance requires avoiding accidents and claims, having above-average credit, avoid buying unnecessary coverage, and deciding if full coverage is necessary. Take the time to comparison shop every year by getting quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The points below are a recap of the coverage data touched on in the above illustrations.

• It is possible to save up to $160 per year just by shopping early and online
• Increasing deductibles could save as much as $525 each year
• Drivers under the age of 20 are charged the highest rates, costing up to $427 per month if full coverage is included
• Higher risk drivers that have major violations or accidents may pay on average $1,590 more every year to insure a Hyundai Elantra

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