Hyundai Elantra insurance image courtesy of QuoteInspector.com
Finding the best cheap auto insurance for a Hyundai Elantra hinges on a whole bunch of factors such as the safety rating for your Elantra, if you are a frequent claim filer, and whether or not you are a good driver. Drivers in Florida pay on average $1,305 annually to insure their Elantra, but that figure is a projection calculated using a 30-year-old married male driver with both comprehensive and collision coverage and $100 deductibles.
When estimating a car insurance rate like we just did, the issue is that you may not be 30 years old (or even male), possibly single instead of married, and you want different coverage limits than the example. Auto insurance is unique to each driver, so the only real way to find the most affordable coverage for your Hyundai is to do your own rate comparisons.
The trim level of your Elantra will influence the yearly cost, so the price you pay to insure a Elantra GLS Touring Station Wagon will be $162 cheaper than the cost to insure the high end Elantra SE Touring Station Wagon model, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$312||$532||$354||$20||$106||$1,324||$110|
|Elantra Blue 4-Dr Sedan||$312||$764||$418||$24||$124||$1,642||$137|
|Elantra GLS 4-Dr Sedan||$358||$764||$418||$24||$124||$1,688||$141|
|Elantra SE 4-Dr Sedan||$358||$764||$418||$24||$124||$1,688||$141|
|Elantra SE Touring Station Wagon||$358||$648||$354||$20||$106||$1,486||$124|
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Price information does not factor in garaging location in Jacksonville which can impact coverage rates considerably.
Shopping around for cost effective auto insurance is difficult, and figuring out which companies quote the best auto insurance rates for a Hyundai Elantra takes a bit more work.
Every car insurance company has a unique formula to determine premium rates, so first let's look at the rankings for the auto insurance companies that tend to be cheaper in Jacksonville, FL.
Best Cheap Insurance Rates for Your Hyundai
|Rank||Company||Cost Per Year|
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USAA quotes some of the cheapest car insurance rates in Jacksonville at around $986 a year. Electric, Amica, Progressive, and Travelers also rank well as some of the cheaper Jacksonville, FL insurance companies.
In the rate table above, if you currently have a policy with Travelers and switched to Electric, you might achieve an annual premium reduction of around $251. Policyholders with Mercury could save as much as $298 a year, and Allied insureds might cut rates by $310 a year.
To find cheaper insurance rates for your vehicle, click here to get a free quote or quote prices from the following companies.
It's important to note that these prices are averaged for all drivers and vehicles in Florida and are not factoring in an exact location for a Hyundai Elantra. So the car insurance company that can offer you the best rate may not even be in the top 21 companies in the list above. That underscores the importance of why you need to compare prices as often as possible using your own driver data and vehicle information.
Discounts on Jacksonville car insurance rates
Auto insurance companies that provide policies for a Hyundai Elantra may also provide discounts that could potentially reduce rates by 25% or more if you are eligible to receive them. A few popular companies and some of the premium reductions they offer can be read below.
- American Family may have discounts that include multi-vehicle, defensive driver, good student, bundled insurance, and early bird.
- State Farm has savings for accident-free, passive restraint, Steer Clear safe driver discount, driver's education, good student, and anti-theft.
- 21st Century offers premium reductions for good student, automatic seat belts, 55 and older, homeowners, teen driver, student driver, and theft prevention.
- Travelers may offer discounts for good student, save driver, driver training, student away at school, multi-car, IntelliDrive, and multi-policy.
- GEICO offers discounts for anti-lock brakes, driver training, air bags, anti-theft, federal employee, membership and employees, and multi-vehicle.
The diagram below shows the difference between insurance rates with and without discounts applied to the premium. The data is based on a male driver, no accidents, no driving violations, Florida state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with anti-theft, multiple policy, defensive driving course, multiple vehicle, vehicle safety, and claim-free discounts applied. When discounts are factored in, theamount saved on auto insurance for a Hyundai Elantra is 28% or $667.
Irresponsible driving raises your rates
In a perfect world, the ideal way to receive cheap auto insurance premiums for an Elantra is to drive carefully and avoid accidents and violations. The diagram below shows how violations and accident claims can impact car insurance rates for different age categories. The data is based on a married female driver, comp and collision included, $500 deductibles, and no discounts are applied.
The chart shows that the average cost of an auto insurance policy per year with no accidents or violations is $1,654. Get written up for two speeding tickets and the average cost swells to $2,351, an increase of $697 each year. Now get two accidents along with the two speeding tickets and the annual cost of auto insurance for a Hyundai Elantra jumps again to an average of $4,951. That's an increase of $3,297, or $275 per month, just for not driving carefully!
Tips for buying economical insurance for a Hyundai Elantra
The list below summarizes some of the better thrifty suggestions that can help drivers buy cheaper coverage.
- Insure your home and auto with the same company
- Maintaining good credit helps earn cheaper rates
- Increase your physical damage deductibles
- If possible, pay for small claims out-of-pocket
- Buy a vehicle with excellent safety ratings
- Drop full coverage on older vehicles
- Compare rates once a year for cheaper prices
The last tip is incredibly crucial, as we noted in this piece. Car insurance rates adjust often, so don't be afraid to switch companies if a more affordable rate is found.
Having brand loyalty is commendable, but we do not recommend it if your bullheadedness ends up costing you a fortune every year. Take a few minutes and shop around and find cheaper insurance for a Hyundai Elantra in Jacksonville.
If you like to have some advice when trying to find the best insurance rates for a Hyundai Elantra, the professional agents shown below can aid you in deciding which auto insurance policy would work best for you.
To locate a Jacksonville car insurance agency by location nearest to you, click the button below the list or click here to compare price quotes.
- Vonnie Wiggins - State Farm Insurance Agent
11757 Beach Blvd #7 - Jacksonville, FL 32246 - (904) 641-0090
- Randy Taylor - State Farm Insurance Agent
3041 Monument Rd #1 - Jacksonville, FL 32225 - (904) 642-2400
- Bill Doyle - State Farm Insurance Agent
11555 Central Pkwy #904 - Jacksonville, FL 32224 - (904) 642-4000
- Allstate Insurance: Stephanie Ando
3546 St Johns Bluff Rd S #109 - Jacksonville, FL 32224 - (904) 645-8880