Hyundai Elantra Insurance Cost by Year: SE, SEL, Limited, N, Hybrid

Is a Hyundai Elantra expensive to insure?

From the SEL trim level to the Elantra N, we compared car insurance rates to see which Elantra model has the cheapest insurance cost per month.

Start a Free QuoteCompare Hyundai Elantra car insurance quotes and save on your next policy.

How much does Hyundai Elantra insurance cost?

Ranked 13th out of 15 vehicles in the 2023 compact car class, Hyundai Elantra insurance rates average $1,978 a year for full coverage, or $165 a month.

With the average 2023 small car costing $1,804 per year to insure, the Hyundai Elantra could cost $174 more each year to insure when compared to the segment average rate.

The table below breaks down the average cost to insure the 2023, 2021, and 2019 Elantra model years for a range of driver ages. It also shows the cheapest and most expensive models to insure for each model year.

Hyundai Elantra Insurance Cost Overview
2023 Hyundai Elantra2021 Hyundai Elantra2019 Hyundai Elantra
Average Insurance Cost Per Year $1,978$1,842$1,716
Insurance Cost Per Month $165$154$143
16-year-old Driver $7,250$6,956$6,536
18-year-old Driver $6,236$5,940$5,566
20-year-old Driver $3,902$3,660$3,418
25-year-old Driver $2,848$2,672$2,495
30-year-old Driver $2,064$1,910$1,780
40-year-old Driver $1,978$1,842$1,716
50-year-old Driver $1,802$1,682$1,572
60-year-old Driver $1,768$1,646$1,542
Cheapest Model to Insure SELSEL SedanSEL Sedan
Cheapest Insurance Cost $1,762$1,476$1,516
Most Expensive Model to Insure NSport SedanGT N Line Sedan
Most Expensive Insurance Cost $2,156$2,042$1,896

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for the 2023 model year and assume a 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 August 12, 2023
Hyundai Elantra Insurance Cost Overview

In addition to the age of the driver, another thing that can really affect the cost of insurance on an Elantra is the comprehensive and collision deductibles.

Lower deductibles make an insurance policy more expensive since the insurance company will have to pay more for a covered claim. High deductibles drive the cost of car insurance downward since the policyholder is shouldering more of the expense if they have a claim.

The chart below details how average Hyundai Elantra car insurance rates vary depending on the policy deductibles. Rates are shown for drivers aged 20 to 60, along with three different deductible amounts, $250, $500, and $1,000.

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 August 12, 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$3,384$282
$500$3,902$325
$250$4,442$370
30$1,000$1,768$147
$500$2,064$172
$250$2,368$197
40$1,000$1,708$142
$500$1,978$165
$250$2,256$188
50$1,000$1,562$130
$500$1,802$150
$250$2,054$171
60$1,000$1,532$128
$500$1,768$147
$250$2,014$168

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 $17,132 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 costs, possibly up to $2,744 per year for a 20-year-old driver and as much as $608 per year for a 60-year-old driver.
  • Earn a discount from your choice of occupation. Just about all insurance companies offer discounts for a job like emergency medical technicians, nurses, members of the military, accountants, college professors, and other occupations. Earning this discount could potentially save between $59 and $183 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 $3,902 per year, while a 20-year-old female driver will pay an average of $2,924, a difference of $978 per year. The females get the cheaper rate by far. But by age 50, the rate for men is $1,802 and rates for female drivers are $1,768, 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 $518 per year. Major infractions like hit-and-run, DUI or reckless driving could raise rates by an additional $1,798 or more.
  • Hyundai Elantra insurance rates for teenagers are high. Average rates for full coverage Elantra insurance costs $7,250 per year for a 16-year-old driver, $6,704 per year for a 17-year-old driver, and $6,236 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 $336 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 ($1,768 per year) and a 20-year-old driver ($3,902 per year) is $2,134, or a savings of 75.3%.

Why are Hyundai Elantras so expensive to insure?

The Hyundai Elantra has higher than average car insurance rates primarily due to substantially higher historical insurance losses for all coverages other than property damage liability and comprehensive coverage.

According to the Insurance Institute for Highway Safety and the Highway Loss Data Institute, for the 2019 to 2021 reporting period, the Elantra has 70% higher than average collision losses, 87% higher personal injury liability losses, 80% higher medical payment losses, and 60% higher bodily injury liability losses.

For the 2016 to 2018 reporting period, the results are not quite as bad, but are still well above average. The Elantra has 29% higher than average collision losses, 59% higher personal injury liability losses, 76% higher medical payment losses, and 43% higher bodily injury liability losses.

To view these numbers yourself, and to see different reporting periods, visit the IIHS website and filter the results for small four-door cars.

Which Elantra models are the cheapest to insure?

With Hyundai Elantra car insurance rates ranging from $1,762 to $2,156 per year, the cheapest Elantra insurance is on the SEL trim. The second cheapest trim level to insure is the Hybrid Blue at $1,830 per year. Anticipate paying at least $147 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 $2,156 and the Hybrid Limited at $2,098 per year. Those trims will cost an extra $336 to $394 to insure per year over the cheapest SEL model.

The next table details the average car insurance policy costs 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$1,762$881$147
Hybrid Blue$1,830$915$153
SE$1,898$949$158
Limited$2,052$1,026$171
N Line$2,064$1,032$172
Hybrid Limited$2,098$1,049$175
N$2,156$1,078$180

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 August 11, 2023
Hyundai Elantra Insurance Cost by Trim Level

Elantra insurance compared to other small cars

The Hyundai Elantra ranks 13th out of 15 comparison vehicles in the 2023 compact car category. The Elantra costs an average of $1,978 per year for insurance, while the segment average cost is $1,804 annually, a difference of $174 more per year.

When rates are compared to other small cars, insurance for a Hyundai Elantra costs $206 more per year than the Honda Civic, $278 more than the Toyota Corolla, $296 more than the Nissan Sentra, and $324 more than the Volkswagen Jetta.

The table below illustrates how an Elantra ranks for car insurance affordability when compared to the rest of the compact car automotive segment for the 2023 model year.

2023 Hyundai Elantra Insurance vs. Small Car Segment
Rank Make and Model Insurance Cost Difference
1Subaru Impreza$1,498-$480
2Volkswagen Jetta$1,654-$324
3Nissan Sentra$1,682-$296
4Toyota Corolla$1,700-$278
5Volkswagen Golf$1,704-$274
6Toyota Prius$1,706-$272
7Mazda 3$1,738-$240
8Honda Civic$1,772-$206
9Kia Forte$1,778-$200
10Mitsubishi Mirage G4$1,784-$194
2023 Small Car Average$1,804-$174
11Nissan Leaf$1,826-$152
12Nissan Versa$1,932-$46
13Hyundai Elantra$1,978--
14Toyota GR Corolla$2,058$80
15Toyota Mirai$2,248$270

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500 and rates are also averaged for all U.S. states.Data last updated on August 12, 2023
2023 Hyundai Elantra Insurance vs. Small Car Segment

The next table goes into more detail by taking the top three Hyundai Elantra competitors, the Honda Civic, Toyota Corolla, and Nissan Sentra, and comparing the cost of insurance for each.

It also breaks out both the cheapest and most expensive trim levels to insure for each model and compares the sticker prices for those models.

For more rate information for the Civic, Corolla, and Sentra, links are provided to the detailed articles for each model.

2023 Elantra vs. Civic vs. Corolla vs. Sentra Insurance Cost
2023 Hyundai Elantra2023 Honda Civic2023 Toyota Corolla2023 Nissan Sentra
Average Insurance Cost Per Year $1,978$1,772$1,700$1,682
Insurance Cost Per Month $165$148$142$140
Cheapest Model to Insure SELSportLES
Cheapest to Insure MSRP $21,750$24,650$21,550$19,950
Cheapest Insurance Cost $1,762$1,656$1,616$1,632
Most Expensive Model to Insure NType RXSESR Midnight Edition
Most Expensive to Insure MSRP $32,650$42,895$26,700$23,395
Most Expensive Insurance Cost $2,156$1,954$1,758$1,726
Explore More Rates In-depth insurance prices for each modelHonda Civic InsuranceToyota Corolla InsuranceNissan Sentra Insurance

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for the 2023 model year and assume a 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 August 12, 2023
2023 Elantra vs. Civic vs. Corolla vs. Sentra Insurance Cost

More detailed comparisons of these vehicles, including every trim level back to the 2015 model year, can be found in these articles:

2013 to 2023 Elantra insurance rates

Insuring a used Elantra, rather than a new 2023 model, could cut your insurance cost by as much as $830 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 2013 to 2023 Hyundai Elantra model years and for drivers aged 20 to 60. Insurance cost ranges from the least expensive rate of $1,020 for a 60-year-old driver rated on a 2013 Hyundai Elantra to the most expensive rate of $3,902 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$3,902$1,978$1,768
2022 Hyundai Elantra$3,812$1,922$1,722
2021 Hyundai Elantra$3,660$1,842$1,646
2020 Hyundai Elantra$3,608$1,812$1,622
2019 Hyundai Elantra$3,418$1,716$1,542
2018 Hyundai Elantra$3,428$1,722$1,542
2017 Hyundai Elantra$3,450$1,734$1,552
2016 Hyundai Elantra$2,990$1,508$1,350
2015 Hyundai Elantra$2,594$1,318$1,180
2014 Hyundai Elantra$2,356$1,196$1,068
2013 Hyundai Elantra$2,252$1,142$1,020

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 August 11, 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 $538 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 $1,334 a year in Virginia Beach, VA, or $1,474 in Columbus, OH, to expensive rates like $3,438 a year in New York, NY and $3,056 per year for car insurance in Philadelphia.

Additional large metro area rates include Milwaukee, WI, at an estimated $1,918 per year, Chicago, IL, costing $2,050, Memphis, TN, at $2,306, and San Francisco, CA, at $2,638.

The following chart shows the average insurance policy premiums for a 2023 Hyundai Elantra for some of the largest cities in the U.S.

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 August 12, 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$3,438$287
Philadelphia, PA$3,056$255
Las Vegas, NV$3,050$254
Los Angeles, CA$3,042$254
San Francisco, CA$2,638$220
Kansas City, MO$2,352$196
Oklahoma City, OK$2,352$196
Denver, CO$2,306$192
Memphis, TN$2,306$192
Atlanta, GA$2,278$190
San Jose, CA$2,212$184
Phoenix, AZ$2,158$180
Portland, OR$2,130$178
San Diego, CA$2,118$177
Boston, MA$2,112$176
Jacksonville, FL$2,102$175
Chicago, IL$2,050$171
Dallas, TX$2,018$168
Houston, TX$2,010$168
Seattle, WA$2,004$167
Nashville, TN$1,928$161
Milwaukee, WI$1,918$160
Albuquerque, NM$1,886$157
San Antonio, TX$1,828$152
Omaha, NE$1,776$148
Fort Worth, TX$1,768$147
Austin, TX$1,744$145
Indianapolis, IN$1,594$133
Columbus, OH$1,474$123
Charlotte, NC$1,406$117

Average insurance rates by state

From a state perspective, states like Maine ($1,202) and Virginia ($1,322) have some of the cheapest auto insurance rates, while states like Florida ($2,432), Michigan ($2,664), and New York ($2,272) 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 $1,778, $1,810, and $1,782 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$1,778$889$148
Alaska$1,500$750$125
Arizona$1,810$905$151
Arkansas$2,058$1,029$172
California$2,372$1,186$198
Colorado$2,112$1,056$176
Connecticut$2,190$1,095$183
Delaware$2,234$1,117$186
Florida$2,432$1,216$203
Georgia$2,012$1,006$168
Hawaii$1,356$678$113
Idaho$1,416$708$118
Illinois$1,732$866$144
Indiana$1,482$741$124
Iowa$1,334$667$111
Kansas$1,940$970$162
Kentucky$2,106$1,053$176
Louisiana$2,328$1,164$194
Maine$1,202$601$100
Maryland$1,832$916$153
Massachusetts$2,142$1,071$179
Michigan$2,664$1,332$222
Minnesota$1,694$847$141
Mississippi$1,922$961$160
Missouri$2,218$1,109$185
Montana$1,810$905$151
Nebraska$1,654$827$138
Nevada$2,346$1,173$196
New Hampshire$1,334$667$111
New Jersey$2,378$1,189$198
New Mexico$1,626$813$136
New York$2,272$1,136$189
North Carolina$1,248$624$104
North Dakota$1,638$819$137
Ohio$1,386$693$116
Oklahoma$2,168$1,084$181
Oregon$1,842$921$154
Pennsylvania$1,894$947$158
Rhode Island$2,430$1,215$203
South Carolina$1,658$829$138
South Dakota$2,022$1,011$169
Tennessee$1,878$939$157
Texas$1,832$916$153
Utah$1,728$864$144
Vermont$1,444$722$120
Virginia$1,322$661$110
Washington$1,782$891$149
West Virginia$1,760$880$147
Wisconsin$1,418$709$118
Wyoming$1,754$877$146

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 August 12, 2023
Hyundai Elantra insurance rates by U.S. state