Hyundai Elantra Insurance Cost – Rates and Comparisons for 2022

• Average Hyundai Elantra insurance cost is $1,720 per year, or $143 per month for full coverage.
• The cheapest Elantra model to insure is the SEL trim level at an estimated $1,512 per year.
• The Elantra N is the most expensive to insure at $1,868 per year.
• The Hyundai Elantra is one of the more expensive 2022 small cars to insure, costing $151 more per year on average as compared to other small cars
• Dropping full coverage on an older Hyundai Elantra could save you around $496 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 #18 out of 20 vehicles in the 2022 compact car class, Hyundai Elantra insurance rates average $1,720 a year for full coverage, or $143 a month. With the average small car costing $1,569 a year to insure, the Hyundai Elantra may cost an estimated $151 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.

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, NY, could total as much as $16,300 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 $2,404 per year for a 20-year-old driver and as much as $538 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 $52 and $159 on your yearly auto insurance bill, depending on the policy coverages selected.
• Gender affects car insurance rates. For a 2022 Hyundai Elantra, a 20-year-old man pays an average price of $3,406 per year, while a 20-year-old female driver will pay an average of $2,544, a difference of $862 per year. The females get the cheaper rate by far. But by age 50, the rate for men is $1,568 and rates for female drivers are $1,536, a difference of only $32.
• 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 $452 per year. Major infractions like hit-and-run, DUI or reckless driving could raise rates by an additional $1,578 or more.
• Hyundai Elantra insurance rates for teenagers are high. Average rates for full coverage Elantra insurance costs $6,354 per year for a 16-year-old driver, $5,874 per year for a 17-year-old driver, and $5,462 per year for a 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 $294 per year.
• Older drivers tend to pay less than younger drivers. The difference in insurance rates for a 2022 Hyundai Elantra between a 60-year-old driver ($1,538 per year) and a 20-year-old driver ($3,406 per year) is $1,868, or a savings of 54.8%.

Which Elantra models are cheapest to insure?

With Hyundai Elantra car insurance rates ranging from $1,512 to $1,868 per year, the cheapest Elantra insurance is on the SEL. The second cheapest trim level to insure is the Hybrid Blue at $1,560 per year. Anticipate paying at least $126 per month for a policy with full coverage for a 2022 model.

The priciest trim levels of Hyundai Elantra to insure are the N at $1,868 and the Hybrid Limited at $1,850 per year. Those trims will cost an extra $338 per year over the cheapest SEL model.

The next table details average car insurance policy costs, plus a monthly budget figure, for each 2022 Hyundai Elantra model and trim level.

Is Elantra insurance cheap compared to other cars?

The Hyundai Elantra ranks #18 out of 20 comparison vehicles in the 2022 compact car category. The Elantra costs an average of $1,720 per year for insurance, while the segment average cost is $1,569 annually, a difference of $151 per year.

When rates are compared to other small cars, insurance for a Hyundai Elantra costs $210 more per year than the Honda Civic, $220 more than the Toyota Corolla, $232 more than the Nissan Sentra, and $238 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.

How much does insurance cost on a used Elantra?

Insuring a used Elantra, rather than a new 2022 model, could cut your insurance cost by as much as $692 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 2022 Hyundai Elantra model years for driver ages 20 to 60. Insurance cost ranges from the least expensive rate of $922 for a 60-year-old driver rated on a 2013 Hyundai Elantra to the most expensive rate of $3,406 for a 20-year-old driving a 2022 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 $496 a year, depending on the level of physical damage deductibles and the age of the rated driver.

Does vehicle location matter?

Depending on where you live, the cost of insuring your Elantra can range from cheaper amounts like $1,154 a year in Virginia Beach, VA, or $1,292 in Columbus, OH, to expensive rates like $3,244 a year in New York, NY and $2,864 per year for car insurance in Philadelphia.

Additional large metro area rates include Milwaukee, WI, at an estimated $1,738 per year, Chicago, IL, costing $1,870, Memphis, TN, at $2,124, and San Francisco, CA, at $2,448.

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.

How much is Elantra insurance in my state?

From a state perspective, states like Maine ($1,188) and Virginia ($1,112) have the cheapest auto insurance rates, while states like Florida ($2,510), Michigan ($2,738), and New York ($1,828) have expensive car insurance rates.

The large majority of states do not really trend toward either extreme, with states like Oregon, West Virginia, and New Jersey included in this group with average Hyundai Elantra insurance rates of $1,440, $1,546, and $1,622 per year, respectively.