2020 Hyundai Elantra Insurance Rates
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UPDATED: Apr 9, 2020
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Average insurance rates for a 2020 Hyundai Elantra are $1,358 a year with full coverage. Comprehensive insurance costs an estimated $268, collision insurance costs $542, and liability insurance costs $390. Buying a liability-only policy costs as little as $452 a year, and high-risk insurance costs $2,950 or more. Teen drivers receive the highest rates at up to $5,108 a year.
Annual premium for full coverage: $1,358
Rate estimates for 2020 Hyundai Elantra Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2020 Hyundai Elantra models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.
Price Range by Coverage and Risk
For a 40-year-old driver, prices range range from as low as $452 for only liability insurance to a much higher rate of $2,950 for high-risk insurance.
These differences demonstrate why anyone shopping for car insurance should compare rates for a targeted area and risk profile, rather than relying on price averages.
Use the form below to get rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Recommended Companies for Cheap 2020 Hyundai Elantra Insurance
Are you drained from trying to scrape together enough money to keep your car insured? You are in the same boat as many other drivers. Companies like GEICO, Progressive and Allstate all claim big savings, bombarding you with fancy advertisements and it is difficult to sift through the bull and do the work needed to find the best deal.
Buy insurance online
Finding a lower price on 2020 Hyundai Elantra insurance is not rocket science. You just have to take the time comparing free insurance quotes from online providers. Rate comparisons can be done by following the guidelines below.
The single most time-saving way to find low rates is to use a rate comparison form. This quick form keeps you from doing separate quotation requests for each company. Filling out one form will get you rate comparisons from all major companies.
A more time consuming way to compare rate quotes is going to the website for every company you want to comare to complete a price quote. For example, let’s assume you want to see prices from Nationwide, Liberty Mutual and Travelers. You would need to spend time going to each site individually and enter your information, which can be really labor intensive.
How you compare quotes is your choice, just make darn sure you compare equivalent coverage data for every quote you compare. If the quotes have different coverage information then you won’t be able to make a fair comparison for your Hyundai Elantra.
These ten discounts can lower your car insurance rates
Some providers don’t list all their discounts in an easy-to-find place, so below is a list a few of the more common and also the more inconspicuous ways to save on car insurance. If you do not double check each discount you deserve, you are throwing money away.
- Online Discount – A few companies give back up to $50 for buying a policy and signing up on your computer.
- Save over 55 – Older drivers may qualify for a slight reduction on a insurance quote on Elantra coverage.
- Defensive Driver Discount – Taking part in a safe driver course is a good idea and can lower rates if your company offers it.
- Multiple Policy Discount – If you combine your auto and homeowners policies and insure them with the same company you could save at least 10% off all policies.
- Clubs and Organizations – Participating in certain professional organizations may earn a discount on car insurance.
- Low Mileage Discounts – Driving fewer miles could earn cheaper rates.
- Seat Belts Save – Using a seat belt and requiring all passengers to use their safety belts can save 10% or more off the medical payments premium.
- Drive Safe and Save – Insureds who avoid accidents can get discounts for up to 45% lower rates on Elantra coverage as compared to drivers with claims.
- Buy New and Save – Insuring a new car can be considerably cheaper compared to insuring an older model.
- Payment Method – By paying your entire bill at once rather than paying in monthly installments you could save 5% or more.
Discounts save money, but please remember that some of the credits will not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like comp or med pay. If you do the math and it seems like adding up those discounts means a free policy, insurance companies wouldn’t stay in business. But any discount should help lower your policy cost.
If you would like to see a list of insurers that offer discounts, enter your zip code here.
Different people need different car insurance coverages
When it comes to buying proper insurance coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions can help discover whether you might need professional guidance.
- Is my dog or cat covered if injured in an accident?
- Is a new car covered when I drive it off the dealer lot?
- Do I really need UM/UIM coverage?
- How much can I save by bundling my policies?
- Does my policy pay for OEM or aftermarket parts?
- How much liability do I need to cover my assets?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out your zip code. It is quick, free and may give you better protection.
The coverage is in the details
Having a good grasp of a insurance policy can be of help when determining which coverages you need and proper limits and deductibles. Policy terminology can be confusing and reading a policy is terribly boring. Listed below are the normal coverages found on most insurance policies.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as X-ray expenses, dental work, hospital visits, ambulance fees and prosthetic devices. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay
Uninsured Motorist or Underinsured Motorist insurance
This provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and damage to your Hyundai Elantra.
Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.
Collision insurance will pay to fix damage to your Elantra caused by collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims such as hitting a parking meter, colliding with a tree and hitting a mailbox. This coverage can be expensive, so consider dropping it from vehicles that are older. You can also raise the deductible in order to get cheaper collision rates.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things like fire damage, a broken windshield, rock chips in glass, falling objects and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
This coverage provides protection from damages or injuries you inflict on other people or property. It protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.
Liability coverage pays for claims like legal defense fees, court costs, emergency aid and pain and suffering. The amount of liability coverage you purchase is your choice, but you should buy as large an amount as possible.
A little work can save a LOT of money
In this article, we covered some good ideas how to lower your 2020 Hyundai Elantra insurance premium rates. It’s most important to understand that the more rate quotes you have, the better your comparison will be. You may even discover the most savings is with a smaller regional carrier. Smaller companies may have significantly lower prices on certain market segments than the large multi-state companies such as GEICO and State Farm.
As you shop your coverage around, make sure you don’t sacrifice coverage to reduce premiums. There have been many situations where consumers will sacrifice full coverage only to regret at claim time they didn’t have enough coverage. Your goal is to purchase a proper amount of coverage for the lowest cost, not the least amount of coverage.
Additional information is available at these links:
- What is Gap Insurance? (Insurance Information Insitute)
- How Can I Save Money on Auto Insurance? (Insurance Information Insitute)
- Safety Features for Your New Car (State Farm)
- Reducing Your Risks in a Car Crash Video (iihs.org)
- What to do at the Scene of an Accident (Insurance Information Insitute)
- Shopping for a Safe Car (Insurance Information Insitute)
Rates by U.S. City
|New York City, NY||$2,145|
|Los Angeles, CA||$2,316|
Need a specific model?
Choose your model and trim below
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$102|
|5-yr Claim Free||$88|
|Paid in Full/EFT||$63|
Discounts are estimated and may not be available from every company or in every state.