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 $1,348 every 12 months for full coverage insurance. Comprehensive insurance costs an estimated $256, collision insurance costs $536, and liability coverage costs $398. Liability-only insurance costs as little as $460 a year, and high-risk driver insurance costs $2,942 or more. Teen drivers pay the highest rates at up to $5,118 a year.

Average premium for full coverage: $1,348

Price estimates broken down by individual coverage:

These estimates include $500 comprehensive and collision deductibles, minimum liability limits, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all 50 states and for different Elantra trim levels.

Price Range from Low to High

Geographic Price Range

Your location has a large influence on the price of insurance. More rural locations have more infrequent physical damage claims than larger metro areas. The price range example below illustrates how where you live affects insurance prices.

The ranges above illustrate why anyone shopping for car insurance should compare rates for a targeted area and their own driving history, rather than 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 other coverage scenarios.

• The lowest rate with discounts is $770
• Drivers who choose higher $1,000 deductibles will pay approximately $178 each year
• The average price for the average middle-age driver who has $500 deductibles is $1,348
• Choosing more expensive low deductibles for comprehensive and collision insurance costs an extra $354 each year
• High-risk insureds with multiple violations and an at-fault accident could pay up to $2,942
• The price to insure a teenage driver with full coverage can cost as much as $5,118 a year

View Chart as Image

Car 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 high deductibles could save up to $540 a year, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $304 extra every 12 months. View Rates by Deductible or Liability Limit

An older driver with no driving violations and higher deductibles may only pay around $1,300 per year on average for full coverage. Prices are highest for teenage drivers, since even excellent drivers will be charged 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 extra each year, depending on your age. High-risk driver insurance can cost around 43% to 132% more than average. View High Risk Driver Rates

The state you live in makes a big difference in Hyundai Elantra insurance rates. A 40-year-old driver could pay as low as $880 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,820 on average in Florida, New York, and Michigan.

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 Cheap Hyundai Elantra Insurance

Getting lower rates on auto insurance not only requires avoiding accidents and violations, but also maintaining a good credit score, not filing small claims, and possibly higher deductibles. Take the time to comparison shop every couple of years by getting rate quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

The list below is a brief summary of the material that was touched on in the above illustrations.

• Consumers who want higher liability limits will pay about $440 annually to go from a low limit to a 250/500 level
• Teenagers have the highest car insurance prices, as much as $427 a month if the policy includes full coverage
• Drivers that tend to have accidents or serious violations could be forced to pay on average $1,590 more annually for car 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