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 with full coverage. Comprehensive insurance costs on average $256 a year, collision insurance costs $536, and liability insurance costs $398. Liability-only insurance costs as little as $460 a year, and high-risk driver insurance costs $2,942 or more. Teenage drivers pay the highest rates at up to $5,118 a year.

Average premium for full coverage: $1,348

Price estimates by individual coverage:

Prices include $500 physical damage insurance deductibles, bodily injury liability limits of 30/60, and includes medical and uninsured motorist coverage. Estimates are averaged for all U.S. states and Elantra trim levels.

Price Range from Low to High

Geographic Price Range

Your location has a significant impact on auto insurance rates. Rural areas have a lower frequency of collision claims than densely populated cities. The diagram below illustrates how location impacts car insurance rates.

The ranges above demonstrate why it is important to compare rates based on a specific location and risk profile, rather than relying on average rates.

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

Detailed Rate Analysis

The chart below details average Hyundai Elantra insurance rates for different risk profiles and scenarios.

• The best discount rate is $770
• Drivers who choose higher $1,000 deductibles will pay around $1,170 annually
• The average rate for the average middle-age driver with $500 deductibles is $1,348
• Using low $100 deductibles for comprehensive and collision insurance will cost an extra $354 a year
• High risk drivers who are prone to accidents and violations could pay upwards of $2,942
• The price for full coverage for a teen driver may cost $5,118 a year

View Chart as Image

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

Older drivers with no driving violations and high deductibles could pay as little as $1,300 per year on average for full coverage. Prices are much higher for teenage drivers, where even good drivers will be charged upwards of $5,100 a year. View Rates by Age

The state you live in makes a big difference in Hyundai Elantra insurance rates. A 40-year-old driver could pay as low as $970 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,820 on average in Florida, Michigan, and New York.

View Chart as Image

Using high physical damage deductibles could save up to $540 each year, while buying higher liability limits will cost you more. Moving from a 50/100 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

If you have some driving violations or tend to cause accidents, you may be forking out at a minimum $1,600 to $2,200 extra each year, depending on your age. A high-risk auto insurance policy can cost anywhere from 43% to 132% more than a normal policy. View High Risk Driver Rates

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 Right Hyundai Elantra Insurance

Getting lower rates on Hyundai Elantra insurance not only requires being a low-risk driver, but also having above-average credit, avoid buying unnecessary coverage, and possibly raising deductibles. Spend time shopping around every other policy renewal by requesting rates from direct companies like Progressive and GEICO, and also from local insurance agents.

The items below are a quick rundown of the ideas that were touched on above.

• Teen drivers are expensive to insure, costing up to $427 a month if full coverage is included
• High-risk drivers with reckless driving or DUI convictions may be required to pay an average of $1,590 more each year to insure their Elantra
• Increasing physical damage deductibles can save around $525 each year
• You may be able to save as much as $160 per year just 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