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 rates for a Hyundai Elantra are $1,348 a year including full coverage. Comprehensive insurance costs around $256 a year, collision costs $536, and liability insurance costs around $398. Liability-only insurance costs as low as $460 a year, with high-risk driver insurance costing $2,942 or more. 16-year-old drivers pay the highest rates at $5,118 a year or more.

Average premium for full coverage: $1,348

Price estimates for individual coverage:

Prices are based on $500 policy deductibles, bodily injury liability limits of 30/60, and includes uninsured motorist and medical coverage. Estimates are averaged for all 50 U.S. states and Elantra trim levels.

Price Range from Low to High

Geographic Price Range

Where you live has a significant impact on the price of insurance. Areas with sparse population have lower incidents of comprehensive and collision claims than congested cities.

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

The ranges above highlight why it is important to compare prices for a specific zip code, rather than relying on rate averages.

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

Additional Rate Information

The chart below breaks down estimated Hyundai Elantra insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $770
• Using higher $1,000 deductibles will save about $1,170 every year
• The estimated price for the average middle-age driver using $500 deductibles is $1,348
• Buying low $100 deductibles for physical damage coverage will cost an additional $354 a year
• Drivers with multiple tickets or accidents could pay at least $2,942 or more
• The price that insures a teen driver can be $5,118 or more

View Chart as Image

Car insurance prices for a Hyundai Elantra are also quite variable based on the trim level of your Elantra, your driving record and age, and deductibles and policy limits.

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

Older drivers with no driving violations and higher comprehensive and collision deductibles could pay as little as $1,300 a year for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will be charged as much as $5,100 a year. View Rates by Age

The state you live in has a huge impact on Hyundai Elantra insurance rates. A driver around age 40 might see prices as low as $1,040 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,930 on average in Michigan, New York, and Louisiana.

View Chart as Image

Opting for high physical damage deductibles could cut prices by as much as $540 each year, while buying higher liability limits will increase prices. Changing from a 50/100 bodily injury protection 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

Since prices can be so different, the best way to figure out your exact price is to get quotes from as many companies as possible. Each insurance company utilizes a different rate formula, so rate quotes 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 Find Affordable Hyundai Elantra Insurance

Getting lower rates on Hyundai Elantra insurance requires being a good driver, having a positive credit history, being claim-free, and qualifying for all possible discounts. Comparison shop every other policy renewal by getting quotes from direct car insurance companies, and also from local insurance agencies.

The following list is a brief review of the ideas that were covered in the above illustrations.

• Drivers age 16 to 20 are the costliest to insure, possibly costing $427 a month if full coverage is purchased
• High-risk drivers with DUI or reckless driving convictions may have to pay on average $1,590 more every year than a safer driver
• Increasing physical damage deductibles can save approximately $525 each year
• You may be able to save up to $160 per year simply by quoting early and online

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