Compare the Cost of Hyundai Elantra Insurance by Model Year and Company

MoneyGeek’s research shows that the average Hyundai Elantra insurance cost is $1,282 per year, which is much less than the rates for luxury vehicles like Teslas and BMWs. It’s also less than the average price of $1,428 across all car models. Prices can change depending on your provider and your car’s model year, so make sure to shop around to get the cheapest quotes.

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To get the cheapest Hyundai Elantra insurance rates, you should compare quotes from multiple insurers since different providers will offer varying prices for the same car. The cheapest carrier could change depending on your driver profile, car type or model year.

Key Takeaways

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Hyundai Elantra insurance cost is an average of $1,282 per year compared to around $1,428 for the average car model. This is a difference of $146 annually.

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Hyundai Elantra insurance quotes can change by as much as $696 per year depending on the insurer. Shopping around for rates can save you money.

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Hyundai Elantra insurance rates can vary by as much as $337 per year depending on the age of your car. Insurance costs are cheaper for older models.

How Much It Costs to Insure a Hyundai Elantra and the Cheapest Company

The company you pick to insure a Hyundai Elantra can hugely impact your insurance rates. The average cost of insurance for this model is $1,282 per year. The cheapest car insurance for a Hyundai Elantra is offered by USAA, at 1,024 annually. The costliest provider charges an average of $1,720 per year, which means that you can save $696 per year on this model by taking the time to compare quotes.

The Average Annual Cost of Hyundai Elantra Insurance by Company

MoneyGeek compiled information about vehicle insurance rates using a sample driver profile. In this scenario, the driver has 100/300/100 liability insurance with comprehensive and collision coverage.

The Average Cost to Insure a Hyundai Elantra by Company

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Is a Hyundai Elantra Expensive to Insure?

Auto insurance companies use multiple factors to determine the insurance cost for a given model. Expensive cars, those with high theft rates and robustly-powered models that are more likely to be in an accident generally have higher insurance premiums.

The Hyundai Elantra has a relatively low retail price, which means it is quite cheap to repair if needed. This model also has low horsepower, which reduces its chances of getting involved in significant accidents.

Due to these factors, a Hyundai Elantra is cheaper to insure compared to luxury cars.

The Best Car Insurance Company for a Hyundai Elantra

To find the best car insurance provider, you should look beyond cost. MoneyGeek ranked auto insurance companies on customer satisfaction, affordability, financial stability and number of complaints.

According to MoneyGeek’s scores:

  • USAA tops the rankings, but it is only available to military members and their families.
  • GEICO took the second spot with a score of 88.54 out of 100.

1
USAA
Score:99

5/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
GEICO
Score:89

4.9/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3
Progressive
Score:83

4.5/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

4
State Farm
Score:80

4/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

5
Allstate
Score:69

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

How Much It Costs to Insure a Hyundai Elantra by Model Year

Older car models are cheaper to insure because as a vehicle’s value depreciates, collision and comprehensive insurance become more affordable.

There is a price difference of $337 between a 2005 Hyundai Elantra year and a 2020 model. Different providers may offer cheaper rates, depending on the model year. USAA offers the cheapest average car insurance quotes for a 2020 Hyundai Elantra, at $1,064 yearly.

Consumers can choose their model year below to see how prices compare. The least expensive company can change, depending on the year.

The Average Cost to Insure a Hyundai Elantra by Model Year

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  • Company
    Average Annual Rates (2020 model)
    Average Annual Rates (2019 model)
    Average Annual Rates (2018 model)
    Average Annual Rates (2017 model)
    Average Annual Rates (2016 model)
    Average Annual Rates (2010 model)
    Average Annual Rates (2005 model)
  • 1.
    $1,064
    $1,048
    $1,082
    $1,050
    $1,031
    $1,011
    $880
  • 2.
    $1,150
    $1,105
    $1,104
    $1,065
    $1,059
    $951
    $898
  • 3.
    $1,259
    $1,256
    $1,222
    $1,211
    $1,195
    $1,149
    $934
  • 4.
    $1,429
    $1,405
    $1,384
    $1,367
    $1,292
    $1,173
    $950
  • 5.
    $1,512
    $1,532
    $1,553
    $1,570
    $1,531
    $1,431
    $1,334

How Expensive Is It to Insure a Hyundai Elantra Compared to Other Cars?

Hyundai Elantra insurance rates are fairly inexpensive at $1,282 per year on average. This cost is $146 cheaper than the average price across all models in MoneyGeek’s study. The average cost of car insurance across all models in MoneyGeek’s study is $1,428 annually.

How Much It Costs to Insure a Hyundai Elantra for 16- to 25-Year-Olds

Young drivers are generally charged higher auto insurance rates because of their lack of driving experience. This inexperience makes them riskier to insure.

To insure a Hyundai Elantra, an 18-year-old driver needs to shell out $4,183 per year on average. This premium is about $2,902 more expensive than the cost for a 40-year-old driver.

Teens and their parents can save money by sharing their car insurance policy. It can be very expensive for young drivers to purchase coverage on their own.

Scroll down to find car insurance prices for young drivers aged 16 to 25.

The Average Cost to Insure a Hyundai Elantra by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $5,363
  • 17
    $4,751
  • 18
    $4,183
  • 19
    $2,996
  • 20
    $2,674
  • 21
    $2,117
  • 22
    $1,950
  • 23
    $1,784
  • 24
    $1,675
  • 25
    $1,520
  • 40
    $1,282

How Does Location Affect the Cost of Hyundai Elantra Insurance?

These costs are a national average. Your residential location will influence your car insurance quotes. You can learn more about vehicle insurance rates in each state by reading MoneyGeek’s state page analysis.

FAQs About Hyundai Elantra Insurance

MoneyGeek answers frequently asked questions on Hyundai Elantra insurance costs and coverages to help you buy the ideal policy for your needs.

Read More About Car Insurance

Methodology

MoneyGeek collected thousands of insurance rates for a Hyundai Elantra SE across all available model years. Costs are for a full coverage policy with:

  • $100,000 in bodily injury liability insurance per person
  • $300,000 in bodily injury liability insurance per accident
  • $100,000 in property damage liability insurance per accident
  • Comprehensive and collision insurance with a $1,000 deductible

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.