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Compare the Cost of Hyundai Elantra Insurance by Model Year and Company
Compare Rates
Ensure you're getting the best rate. Review quotes from a top insurance company.
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
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.
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.
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 auto 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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- CompanyAverage Annual Rates
- 1.$1,024
- 2.$1,047
- 3.$1,175
- 4.$1,286
- 5.$1,495
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Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
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
2
GEICO
Score:89
3
Progressive
Score:85
4
State Farm
Score:83
5
Nationwide
Score:76
6
Allstate
Score:74
7
Allied
Score:NaN
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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- CompanyAverage 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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- AgeAverage Annual Rates
- 16$5,363
- 17$4,751
- 18$4,183
- 19$2,996
- 20$2,674
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.
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