Hyundai Elantra Insurance Cost – Rates and Comparisons for 2023

Is a Hyundai Elantra expensive to insure?

From the SEL trim level to the N trim, we looked at average insurance cost for an Elantra to discover how rate quotes compare to the rest of the compact car segment.

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  • Average Hyundai Elantra insurance cost is $1,928 per year, or $161 per month for full coverage.
  • The cheapest Elantra model to insure is the SEL trim level at an estimated $1,714 per year.
  • The Elantra N is the most expensive to insure at $2,098 per year.
  • The Hyundai Elantra is one of the more expensive 2023 small cars to insure, costing $171 more per year on average as compared to other small cars
  • Dropping full coverage on an older Hyundai Elantra could save you around $520 a year, depending on the policy deductibles and the age of the driver rated on the vehicle.

How much does Hyundai Elantra insurance cost?

Ranked 13th out of 15 vehicles in the 2023 compact car class, Hyundai Elantra insurance rates average $1,928 a year for full coverage, or $161 a month. With the average small car costing $1,757 a year to insure, the Hyundai Elantra may cost an estimated $171 or more every 12 months.

The chart below details how average Hyundai Elantra car insurance rates vary with changes in driver age and policy deductibles.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2023 Hyundai Elantra with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Hyundai Elantra trim levels.Data last updated on January 23, 2023
Hyundai Elantra Insurance Cost Summary
2023 Hyundai Elantra Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,298$275
$500$3,800$317
$250$4,328$361
30$1,000$1,724$144
$500$2,012$168
$250$2,308$192
40$1,000$1,666$139
$500$1,928$161
$250$2,200$183
50$1,000$1,520$127
$500$1,756$146
$250$2,000$167
60$1,000$1,490$124
$500$1,722$144
$250$1,960$163

To help you comprehend the full range of possible insurance rates, keep in mind that an Elantra car insurance policy with only liability coverage in the cheaper areas of Iowa or Illinois may be as cheap as $224 a year.

For an identical Elantra, a teen driver with an accident or two and a few driving infractions in some zip codes in New York City, NY, could total as much as $16,920 a year for full coverage.

More notable observations as they relate to insurance cost on a Hyundai Elantra include:

  • Careless drivers pay higher rates. Causing frequent accidents will increase insurance cost, possibly up to $2,674 per year for a 20-year-old driver and as much as $596 per year for a 60-year-old driver.
  • Earn a discount from your choice of occupation. Just about all insurance companies offer discounts for having a job like an emergency medical technicians, nurses, members of the military, accountants, college professors, and other occupations. Earning this discount could potentially save between $58 and $178 on your yearly auto insurance bill, depending on the policy coverages selected.
  • Gender affects car insurance rates. For a 2023 Hyundai Elantra, a 20-year-old man pays an average price of $3,800 per year, while a 20-year-old female driver will pay an average of $2,848, a difference of $952 per year. The females get the cheaper rate by far. But by age 50, the rate for men is $1,756 and rates for female drivers are $1,722, a difference of only $34.
  • Tickets and violations can cost a lot. If you want the cheapest price for Elantra insurance rates, it pays to be a safe driver. Not surprisingly, just one or two minor traffic violations could result in increasing rates by up to $506 per year. Major infractions like hit-and-run, DUI or reckless driving could raise rates by an additional $1,752 or more.
  • Hyundai Elantra insurance rates for teenagers are high. Average rates for full coverage Elantra insurance costs $7,064 per year for a 16-year-old driver, $6,532 per year for a 17-year-old driver, and $6,078 per year for an 18-year-old driver.
  • Get cheaper rates by researching discounts. Discounts may be available if the policyholders work in certain occupations, are claim-free, belong to certain professional organizations, sign their policy early, drive low annual mileage, or many other discounts which could save the average driver as much as $330 per year.
  • Older drivers tend to pay less than younger drivers. The difference in insurance rates for a 2023 Hyundai Elantra between a 60-year-old driver ($1,722 per year) and a 20-year-old driver ($3,800 per year) is $2,078, or a savings of 54.7%.

Which Elantra models are cheapest to insure?

With Hyundai Elantra car insurance rates ranging from $1,714 to $2,098 per year, the cheapest Elantra insurance is on the SEL trim. The second cheapest trim level to insure is the Hybrid Blue at $1,780 per year. Anticipate paying at least $143 per month for a policy with full coverage for a 2023 model.

The priciest trim levels of Hyundai Elantra to insure are the N at $2,098 and the Hybrid Limited at $2,042 per year. Those trims will cost an extra $328 per year over the cheapest SEL model.

The next table details average car insurance policy costs, plus a monthly budget figure, for each 2023 Hyundai Elantra model and trim level.

2023 Hyundai Elantra Insurance Cost by Trim Level
Hyundai Elantra Trim Level Annual Policy Six-Month Policy Per Month
SEL$1,714$857$143
Hybrid Blue$1,780$890$148
SE$1,848$924$154
Limited$1,998$999$167
N Line$2,010$1,005$168
Hybrid Limited$2,042$1,021$170
N$2,098$1,049$175

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Hyundai Elantra, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 5, 2023
Hyundai Elantra Insurance Cost by Trim Level

Is Elantra insurance cheap compared to other cars?

The Hyundai Elantra ranks 13th out of 15 comparison vehicles in the 2023 compact car category. The Elantra costs an average of $1,928 per year for insurance, while the segment average cost is $1,757 annually, a difference of $171 more per year.

When rates are compared to other small cars, insurance for a Hyundai Elantra costs $200 more per year than the Honda Civic, $272 more than the Toyota Corolla, $292 more than the Nissan Sentra, and $318 more than the Volkswagen Jetta.

The chart below illustrates how the Elantra ranks for car insurance affordability when compared to the top 10 selling small cars in America. Following the chart, a table is included that shows how the entire segment ranks for car insurance cost.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Hyundai Elantra, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Hyundai Elantra trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Hyundai Elantra vs Top 10 Small Cars Insurance Cost Comparison
Hyundai Elantra Insurance Cost Compared to All Small Cars
Rank Make/Model Insurance Cost Difference
1Subaru Impreza$1,462-$466
2Volkswagen Jetta$1,610-$318
3Nissan Sentra$1,636-$292
4Toyota Corolla$1,656-$272
5Volkswagen Golf$1,660-$268
6Toyota Prius$1,662-$266
7Mazda 3$1,690-$238
8Honda Civic$1,728-$200
9Kia Forte$1,730-$198
10Mitsubishi Mirage G4$1,738-$190
11Nissan Leaf$1,778-$150
12Nissan Versa$1,882-$46
13Hyundai Elantra$1,928--
14Toyota GR Corolla$2,004$76
15Toyota Mirai$2,190$262

How much does insurance cost on a used Elantra?

Insuring a used Elantra, rather than a new 2023 model, could cut your insurance cost by as much as $810 per year. New vehicles have a higher replacement cost, and older models have less value which results in lower insurance rates.

The data below shows average insurance rates for the 2013 to 2023 Hyundai Elantra model years for driver ages 20 to 60. Insurance cost ranges from the least expensive rate of $994 for a 60-year-old driver rated on a 2013 Hyundai Elantra to the most expensive rate of $3,800 for a 20-year-old driving a 2023 model year.

Hyundai Elantra Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 Hyundai Elantra$3,800$1,928$1,722
2022 Hyundai Elantra$3,716$1,874$1,676
2021 Hyundai Elantra$3,566$1,792$1,608
2020 Hyundai Elantra$3,516$1,766$1,586
2019 Hyundai Elantra$3,328$1,674$1,502
2018 Hyundai Elantra$3,340$1,676$1,504
2017 Hyundai Elantra$3,362$1,686$1,516
2016 Hyundai Elantra$2,916$1,466$1,316
2015 Hyundai Elantra$2,528$1,280$1,148
2014 Hyundai Elantra$2,296$1,164$1,040
2013 Hyundai Elantra$2,192$1,112$994

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates for each driver age group are for a 12-month period and assume a clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Hyundai Elantra Insurance Cost by Model Year

Eventually, as a vehicle gets some miles on it, owners have to decide whether to eliminate one or both physical damage coverages from the insurance policy. As a vehicle loses value over time, the expense of having physical damage protection is more than the benefits provided by full coverage.

Eliminating physical damage insurance coverage on an older Hyundai Elantra may save $524 a year, depending on the level of physical damage deductibles and the age of the rated driver.

Average Elantra insurance rates by U.S. city and state

Depending on where you live, the cost of insuring your Elantra can range from cheaper amounts like $1,290 a year in Virginia Beach, VA, or $1,432 in Columbus, OH, to expensive rates like $3,396 a year in New York, NY and $3,014 per year for car insurance in Philadelphia.

Additional large metro area rates include Milwaukee, WI, at an estimated $1,878 per year, Chicago, IL, costing $2,010, Memphis, TN, at $2,262, and San Francisco, CA, at $2,596.

The following chart shows average estimated insurance policy premiums for a Hyundai Elantra for the most populated areas in America. Additionally, a table is also included that ranks Elantra insurance cost for 35 other cities.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average car insurance rates for a 2023 Hyundai Elantra, 40-year-old married male driver with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are the average for all Hyundai Elantra trim levels.Data last updated on January 23, 2023
Hyundai Elantra Insurance Rates in Large U.S. Cities
Hyundai Elantra Insurance Rates by Location
City/State Annual Rate Monthly Rate
New York, NY$3,396$283
Philadelphia, PA$3,014$251
Las Vegas, NV$3,008$251
Los Angeles, CA$2,998$250
San Francisco, CA$2,596$216
Kansas City, MO$2,312$193
Oklahoma City, OK$2,312$193
Denver, CO$2,262$189
Memphis, TN$2,262$189
Atlanta, GA$2,234$186
San Jose, CA$2,170$181
Phoenix, AZ$2,116$176
Portland, OR$2,090$174
San Diego, CA$2,078$173
Boston, MA$2,070$173
Jacksonville, FL$2,066$172
Chicago, IL$2,010$168
Dallas, TX$1,978$165
Houston, TX$1,970$164
Seattle, WA$1,962$164
Nashville, TN$1,888$157
Milwaukee, WI$1,878$157
Albuquerque, NM$1,844$154
San Antonio, TX$1,786$149
Omaha, NE$1,732$144
Fort Worth, TX$1,726$144
Austin, TX$1,702$142
Indianapolis, IN$1,554$130
Columbus, OH$1,432$119
Charlotte, NC$1,366$114

Average insurance rates by state

From a state perspective, states like Maine ($1,160) and Virginia ($1,282) have some of the cheapest auto insurance rates, while states like Florida ($2,400), Michigan ($2,636), and New York ($2,232) tend to have more expensive car insurance rates.

The large majority of states do not really trend toward either extreme, with states like Alabama, Montana, and Washington included in this group with average Hyundai Elantra insurance rates of $1,734, $1,768, and $1,738 per year, respectively.

The next table shows the average cost to insure a 2023 Hyundai Elantra in all fifty U.S. states.

Hyundai Elantra Average Insurance Cost by State for 2023
U.S. State Annual Cost Six-month Cost Monthly Cost
Alabama$1,734$867$145
Alaska$1,460$730$122
Arizona$1,768$884$147
Arkansas$2,018$1,009$168
California$2,330$1,165$194
Colorado$2,068$1,034$172
Connecticut$2,146$1,073$179
Delaware$2,194$1,097$183
Florida$2,400$1,200$200
Georgia$1,970$985$164
Hawaii$1,314$657$110
Idaho$1,376$688$115
Illinois$1,690$845$141
Indiana$1,440$720$120
Iowa$1,288$644$107
Kansas$1,900$950$158
Kentucky$2,062$1,031$172
Louisiana$2,296$1,148$191
Maine$1,160$580$97
Maryland$1,790$895$149
Massachusetts$2,102$1,051$175
Michigan$2,636$1,318$220
Minnesota$1,654$827$138
Mississippi$1,878$939$157
Missouri$2,174$1,087$181
Montana$1,768$884$147
Nebraska$1,610$805$134
Nevada$2,306$1,153$192
New Hampshire$1,290$645$108
New Jersey$2,334$1,167$195
New Mexico$1,582$791$132
New York$2,232$1,116$186
North Carolina$1,204$602$100
North Dakota$1,596$798$133
Ohio$1,344$672$112
Oklahoma$2,128$1,064$177
Oregon$1,800$900$150
Pennsylvania$1,850$925$154
Rhode Island$2,390$1,195$199
South Carolina$1,616$808$135
South Dakota$1,978$989$165
Tennessee$1,834$917$153
Texas$1,790$895$149
Utah$1,688$844$141
Vermont$1,400$700$117
Virginia$1,282$641$107
Washington$1,738$869$145
West Virginia$1,716$858$143
Wisconsin$1,376$688$115
Wyoming$1,712$856$143

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Hyundai Elantra, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Hyundai Elantra trim levels. Physical damage deductibles are $500 and rates are averaged for all Zip Codes in each state.Data last updated on February 5, 2023
Hyundai Elantra insurance rates by U.S. state