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 $1,346 a year with full coverage. Comprehensive costs an estimated $248 each year, collision costs $524, and liability is estimated at $416. A policy with just liability insurance costs approximately $474 a year, with coverage for high-risk drivers costing around $2,938. Teen drivers pay the highest rates at $5,136 a year or more.

Average premium for full coverage: $1,346

Price estimates broken down by individual coverage:

Estimates include $500 deductible amounts, 30/60 split liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all U.S. states and Elantra models.

Price Range from Low to High

Geographic Price Range

Living in a larger city can make a big difference on car insurance rates. More rural locations have a lower frequency of collision claims than larger metro areas.

The graphic below illustrates the effect of geographic area on insurance prices.

The ranges above demonstrate why all drivers should get quotes for a targeted area and risk profile, instead of making a decision based on price averages.

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

Rates by State, City, and Model

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

• The lowest rate with discounts is $769
• Choosing higher $1,000 deductibles can save approximately $176 annually
• The average rate for the average middle-age driver who has $500 deductibles is $1,346
• Choosing low deductibles for comp and collision coverage will increase the cost to $1,688
• Higher-risk drivers with multiple violations and an at-fault accident could pay up to $2,938 or more
• The price for full coverage for a 16-year-old driver can cost as much as $5,136 each year

View Chart as Image

Insurance prices for a Hyundai Elantra are also quite variable based on your driving record, the trim level and model year, and liability limits and deductibles.

More mature drivers with a clean driving record and high deductibles may pay as low as $1,300 annually on average for full coverage. Prices are highest for teenage drivers, where even good drivers can expect to pay at least $5,100 a year. View Rates by Age

The state you live in plays a big part in determining prices for Hyundai Elantra insurance prices. A good driver about age 40 could pay as low as $970 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,820 on average in New York, Michigan, and Florida.

View Chart as Image

Choosing high deductibles can save as much as $520 annually, whereas increasing liability limits will increase premiums. Moving from a 50/100 limit to a 250/500 limit will increase prices by as much as $318 more per year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you may be forking out $1,600 to $2,200 extra each year, depending on your age. Insurance for high-risk drivers ranges from 43% to 132% more than average. View High Risk Driver Rates

Since prices can be so different, the best way to find out which car insurance is cheapest is to do a rate comparison from multiple companies. Each auto insurer uses a different rate calculation, so the prices may be quite different 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 Low Cost Hyundai Elantra Insurance

Getting lower rates on insurance for a Hyundai Elantra takes having a good driving record, maintaining good credit, avoid buying unnecessary coverage, and taking advantage of discounts. Take the time to compare rates at least every other year by requesting rates from direct companies like Progressive and GEICO, and also from local exclusive and independent agents.

The next list is a review of the car insurance concepts covered in the above illustrations.

• Drivers considered higher risk who have several accidents or serious violations may pay on average $1,590 more annually to buy Hyundai Elantra insurance
• You may be able to save approximately $160 per year simply by quoting online in advance
• Increasing physical damage deductibles can save around $525 each year
• Insureds who want increased levels of liability coverage will pay about $460 every year to raise limits from a low limit to 250/500 limits

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