Buying cheaper auto insurance for a Hyundai Elantra is dependent upon many different factors such as your birth date, whether or not you garage your vehicle, and driving violations. Texas drivers pay approximately $739 each year to insure their Elantra, but that cost is based on a 50-year-old married male driver with full comprehensive and collision coverage and $1,000 deductibles.
But there is a high likelihood that you are not 50 and maybe not even a male, maybe you are single instead of married, or maybe you want different physical damage deductibles. Car insurance coverage is unique to each driver, so this is why the best way to find cheap insurance rates for your Hyundai is to just take the time to compare rates yourself.
Your vehicle’s trim level impacts the insurance rate, so the price you will pay to insure a Elantra GLS Touring Station Wagon model will be $66 lower than the insurance cost for the more costly Elantra SE Touring Station Wagon model, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$124||$218||$310||$18||$94||$764||$64|
|Elantra Blue 4-Dr Sedan||$124||$312||$366||$22||$110||$934||$78|
|Elantra GLS 4-Dr Sedan||$142||$312||$366||$22||$110||$952||$79|
|Elantra SE 4-Dr Sedan||$142||$312||$366||$22||$110||$952||$79|
|Elantra SE Touring Station Wagon||$142||$266||$310||$18||$94||$830||$69|
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Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Premium costs do not factor in specific zip code location which can increase or decrease coverage prices considerably.
Buying low-priced auto insurance is tough enough, and finding out which company quotes the cheapest auto insurance rates for a Hyundai Elantra involves even more diligence.
Each auto insurer uses a little different formula to set policy rates, so to begin we’ll rank the auto insurance companies with the overall cheapest rates in Plano.
Compare Cheap Insurance Quotes for Your Hyundai
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,211|
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Travelers quotes some of the best car insurance rates in Plano at around $1,021 a year. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also make the cut as some of the best Plano, TX auto insurance companies.
In this example, if you have coverage with Germania Mutual and switched to Travelers, you could see savings of about $235. Drivers with California Casualty could save as much as $375 a year, and Esurance insureds might lower prices by $400 a year.
These rates are averaged across all ages of drivers and types of vehicles and and are not figured with an exact location for a Hyundai Elantra. So the insurer that has the cheapest price for you may not even be in the list above. That underscores the importance of why you need to compare prices as often as possible using your own specific driver information and vehicle.
How to get discounts on Plano auto insurance rates
Auto insurance companies that provide coverage for a Hyundai Elantra may also give you discounts that could reduce prices by 35% or more if you qualify. Companies and some of their more popular discounts are shown below.
- State Farm includes discounts for anti-theft, Drive Safe & Save, multiple autos, safe vehicle, good driver, student away at school, and driver’s education.
- Progressive may have discounts that include multi-policy, homeowner, online quote discount, multi-vehicle, and online signing.
- Travelers offers premium reductions for good student, continuous insurance, IntelliDrive, early quote, student away at school, and new car.
- American Family offers discounts for TimeAway discount, bundled insurance, accident-free, early bird, mySafetyValet, good driver, and good student.
- Liberty Mutual may offer discounts for newly retired, new graduate, good student, preferred payment discount, safety features, and teen driver discount.
The example below illustrates the difference between insurance rates with and without discounts applied to the policy rates. The data assumes a female driver, no accidents or driving violations, Texas state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with passive restraint, claim-free, homeowner, multiple vehicle, accident-free, and multiple policy discounts applied. When drivers qualify for the discounts, the average amount saved each year on auto insurance for a Hyundai Elantra is 28% or $589.
Cautious Plano drivers save money
The easiest method to maintain low auto insurance rates in Texas for an Elantra is to drive cautiously and avoid accidents and violations. The chart below shows how traffic citations and at-fault fender-benders increase insurance prices for different age categories. The data is based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.
In the previous chart, the average cost of auto insurance per year with no violations or accidents is $2,429. Get two speeding tickets and the average cost swells to $3,233, an increase of $804 each year. Then include two accidents along with the two speeding tickets and the 12-month cost of auto insurance for a Hyundai Elantra jumps again to an average of $5,954. That’s an increase of $3,526, or $294 per month, just for not maintaining a clean driving record!
How to find more affordable auto insurance for a Hyundai Elantra
The list below summarizes some of the better thrifty suggestions that can help you get cheap coverage.
- Remain accident-free and save
- Pay for small claims rather than turning them in to your insurance company
- Vehicles with good safety ratings are usually cheaper to insure
- Pay cheaper rates with good credit scores
- Tickets and violations raise rates
- Compare rates once a year for cheaper prices
That last tip is very important, as we discussed in this article. Coverage rates adjust often, so drivers shouldn’t be resistant to buy a different policy if you find a cheaper price.
Many consumers stick with the same company and that’s fine, but we do not recommend it if that faithfulness ends up costing you hundreds of dollars year after year. If you have a few minutes, compare prices and find cheaper car insurance for a Hyundai Elantra in Plano.