Finding the best cheap auto insurance for a Hyundai Elantra is fairly easy, but it hinges on a pretty complex algorithm that uses a lot of factors such as how many years you have been driving, whether you are claim-free, and citations on your driving record. Drivers pay approximately $825 a year for Elantra insurance, but that figure is an approximation calculated based on a 30-year-old single female driver with full physical damage coverage and $1,000 deductibles.
When making auto insurance estimates, the issue arises that you are not 30 years old and maybe not even female, you might be married instead of single, or maybe you prefer higher deductibles. Having just a slight change in policy rating criteria or coverages could end up in a significant change in the coverage rate.
Not everyone needs the same coverages, so the best method for finding the cheapest rates for your Hyundai is to put in the effort to do a thorough rate comparison. To start saving now, get free quotes and you will receive price comparisons from the cheapest companies in Nebraska.
Compare Hyundai Elantra Insurance Rates
Your vehicle’s trim level will be a contributing factor to the cost of coverage, so the price you pay to insure a Elantra GLS Touring Station Wagon will be $74 lower than the cost to insure the more well-appointed Elantra SE Touring Station Wagon version, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $138 | $248 | $344 | $20 | $102 | $852 | $71 |
| Elantra Blue 4-Dr Sedan | $138 | $356 | $404 | $24 | $122 | $1,044 | $87 |
| Elantra GLS 4-Dr Sedan | $158 | $356 | $404 | $24 | $122 | $1,064 | $89 |
| Elantra SE 4-Dr Sedan | $158 | $356 | $404 | $24 | $122 | $1,064 | $89 |
| Elantra SE Touring Station Wagon | $158 | $302 | $344 | $20 | $102 | $926 | $77 |
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Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rate information does not factor in specific garaging location which can impact rates considerably.
Best auto insurance in Lincoln
Picking the highest-rated auto insurance provider can be challenging considering how many different companies there are to choose from in Lincoln. The rank data in the lists below can help you pick which car insurance providers to look at when buying insurance for a Hyundai Elantra. These ratings are for large nationwide companies, so companies that only write business in Nebraska or surrounding areas will not be included in this list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
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Data Source: Insure.com Best Car Insurance Companies
Price comparison of only insuring for liability
Finding cheaper auto insurance is important to the majority of drivers, and one good way to find cheap insurance for a Hyundai Elantra is to only buy liability coverage. The chart below shows the comparison of auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums assume no accidents, no driving violations, $500 deductibles, single status, and no discounts are applied to the premium.
If we average the cost for all age groups, full coverage on your policy costs an extra $1,750 per year over and above liability coverage. That is a significant amount which raises the question if paying for full coverage is worth it. There is no specific rule that works best for making the decision to drop physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your vehicle’s replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $3,000 after paying your deductible. If premium cost is more than $300 annually to have full coverage, then you might want to think about dropping full coverage.
There are a few situations where buying only liability insurance is not a good idea. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not remove full coverage.
Types of discounts on Lincoln insurance rates
Insurance companies that offer quotes for a Hyundai Elantra may also provide premium discounts that could reduce prices by as much as 35% or more if you are eligible to receive them. The best auto insurance companies and a selection of discounts are detailed below.
- Travelers may include discounts for good student, IntelliDrive, multi-policy, continuous insurance, driver training, and multi-car.
- 21st Century offers discounts including 55 and older, homeowners, driver training, automatic seat belts, and theft prevention.
- State Farm has savings for good driver, accident-free, driver’s education, Drive Safe & Save, and safe vehicle.
- GEICO offers discounts for multi-policy, daytime running lights, military active duty, air bags, and seat belt use.
- SAFECO includes discounts for anti-theft, accident prevention training, teen safe driver, teen safety rewards, safe driver, and homeowner.
- AAA has discounts for multi-car, multi-policy, pay-in-full, education and occupation, anti-theft, good student, and AAA membership discount.
The information below compares car insurance costs with and without some available policy discounts. The data is based on a female driver, a clean driving record, no claims, Nebraska state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with homeowner, vehicle safety, multiple vehicle, multiple policy, claim-free, and marriage discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on auto insurance for a Hyundai Elantra is 28% or $524.
How to find low-cost car insurance for a Hyundai Elantra
It is possible to find better rates, and here are many money-saving solutions that can help Nebraska drivers find cheap car insurance.
- Buy your auto and home insurance from the same company and save
- Get cheaper liability coverage by choosing a safer vehicle
- On older vehicles, drop full coverage
- At-fault accidents can raise rates significantly
- Better credit rating means better rates
- Compare price quotes at least once a year
That last piece of advice is certainly necessary, as was emphasized in this piece. Prices charged by car insurance companies vary considerably, so you should be ready to buy from a different company if you find a better deal.
We understand brand loyalty, but it isn’t a good idea if your bullheadedness ends up costing you money that could be going to better use. Take a couple minutes and compare rates and find cheaper auto insurance for a Hyundai Elantra in Lincoln.