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.

The average insurance rates for a Hyundai Elantra are $1,358 a year for full coverage. Comprehensive insurance costs an estimated $268 a year, collision costs $542, and liability costs $390. Buying just liability costs as little as $452 a year, with insurance for high-risk drivers costing $2,950 or more. Teenage drivers cost the most to insure at $5,108 a year or more.

Average premium for full coverage: $1,358

Policy rates broken down by type of insurance:

Rates are based on $500 policy deductibles, minimum liability limits, and includes both medical and uninsured motorist insurance. Prices are averaged for all states and Elantra trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on insurance rates. More rural locations are shown to have a lower frequency of accident claims than densely populated cities.

The diagram below illustrates how where you live affects insurance prices.

The examples above show why it is important to compare rates for a targeted area and risk profile, instead of making a decision based on average rates.

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

Additional Rate Details

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

• The best discount rate is $777
• Drivers who choose higher $1,000 deductibles will pay approximately $1,174 a year
• The average rate for a good driver age 40 who has $500 deductibles is $1,358
• Using low $100 deductibles for comprehensive and collision insurance will cost an extra $356 annually
• Drivers who are prone to accidents and violations could pay up to $2,950 or more
• Policy cost for full coverage for a 16-year-old driver can cost as much as $5,108 a year

View Chart as Image

Insurance rates for a Hyundai Elantra also range considerably based on your risk profile, the trim level of your Elantra, and liability limits and deductibles.

Older drivers with a clean driving record and high deductibles may pay as low as $1,300 per year on average, or $108 per month, for full coverage. Rates are much higher for teenagers, where even good drivers can expect to pay at least $5,100 a year. View Rates by Age

Your home state makes a big difference in Hyundai Elantra insurance prices. A 40-year-old driver could pay as low as $890 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $1,940 on average in New York, Louisiana, and Michigan.

View Chart as Image

Using high physical damage deductibles could save up to $540 annually, while buying higher liability limits will increase premiums. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $299 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you could be paying $1,600 to $2,200 extra every year, depending on your age. A high-risk auto insurance policy can cost from 43% to 131% more than a normal policy. View High Risk Driver Rates

Because rates have so much variability, the only way to know which auto insurance is cheapest is to get quotes from multiple companies. Every company uses a different method to calculate rates, so the rates will be varied 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 Best Cheap Hyundai Elantra Insurance

Finding cheaper rates on insurance for a Hyundai Elantra not only requires avoiding accidents and claims, but also maintaining good credit, avoid buying unnecessary coverage, and taking advantage of discounts. Take the time to comparison shop every couple of years by quoting rates from direct carriers like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

The points below are a quick review of the material that was touched on in the above illustrations.

• Insureds who want increased liability limits will pay an extra $430 each year to go from a 30/60 limit to 250/500 limits
• Drivers under the age of 20 are charged the highest rates, costing up to $426 each month for full coverage
• Drivers considered higher risk with a DUI or reckless driving violation pay an average of $1,590 more annually to insure a Hyundai Elantra
• Increasing comprehensive and collision deductibles can save around $550 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