Buying cheap car insurance for a Hyundai Elantra can be pretty simple, but it hinges on lots of different factors such as your gender, where your vehicle is garaged, and any prior driving offenses you have. Drivers pay on average $1,534 each year to insure their Elantra, but that amount is an approximation based on a 30-year-old single female driver with full coverage and $100 deductibles.
The issue that arises when projecting rates is that it’s very likely that you’re not a 30-year-old female, you might be married instead of single, or maybe you want different physical damage deductibles. Car insurance coverage is unique to each driver, so this is why the best method for finding cheap auto insurance rates for your Hyundai is to compare rates from as many companies as possible. It’s really quite easy you can get prices from top-rated companies that offer coverage in Georgia.
The specific trim level can impact the cost of coverage, so the rate you pay to insure a Elantra GLS Touring Station Wagon will be $182 less than the price to insure the fancier Elantra SE Touring Station Wagon version, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$328||$618||$452||$26||$136||$1,560||$130|
|Elantra Blue 4-Dr Sedan||$328||$886||$532||$32||$158||$1,936||$161|
|Elantra GLS 4-Dr Sedan||$376||$886||$532||$32||$158||$1,984||$165|
|Elantra SE 4-Dr Sedan||$376||$886||$532||$32||$158||$1,984||$165|
|Elantra SE Touring Station Wagon||$376||$752||$452||$26||$136||$1,742||$145|
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Georgia minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Table data does not factor in specific Atlanta garaging location which can lower or raise rates noticeably.
Finding the right insurance provider can be rather challenging considering how many companies are available to choose from in Atlanta. The information shown next can help you choose which auto insurers you want to consider when comparing insurance rates for a Hyundai Elantra. These rankings are only comprised of companies who write in the majority of U.S. states, so companies that only write business in Georgia or surrounding areas will not be included in the list.
Top 10 Large Auto Insurers in Atlanta Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Discounts on Atlanta car insurance rates
Auto insurance companies that sell policies for a Hyundai Elantra may additionally offer discounts that can reduce rates by as much as 30% if you are eligible to receive them. A few of the larger companies and the discounts they provide are included below.
- Mercury Insurance may include discounts for accident-free, ease of repair, age of vehicle, annual mileage, and multi-policy.
- Farmers Insurance may offer discounts for teen driver, pay in full, good student, electronic funds transfer, bundle discounts, homeowner, and distant student.
- Farm Bureau may have discounts that include renewal discount, multi-vehicle, multi-policy, driver training, youthful driver, good student, and safe driver.
- State Farm policyholders can earn discounts including multiple autos, Drive Safe & Save, Steer Clear safe driver discount, passive restraint, good student, and defensive driving training.
- Allstate discounts include good student, good payer, anti-lock brakes, auto/life discount, and defensive driver.
- GEICO has savings for emergency military deployment, military active duty, membership and employees, multi-policy, multi-vehicle, and five-year accident-free.
The example below shows the comparison of insurance costs with and without discounts. The premiums assume a male driver, no violations or accidents, Georgia state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with anti-theft, passive restraint, multiple policy, homeowner, claim-free, and accident-free discounts applied. When drivers qualify for the discounts, theaverage amount saved on car insurance for a Hyundai Elantra is 28% or $460.
The illustration below shows how choosing a deductible can change insurance costs when trying to find cheap insurance for a Hyundai Elantra. The rate quotes are based on a married male driver, full coverage, and no other discounts are factored in.
In the chart above, a 50-year-old driver could reduce rates by $370 a year by increasing from a $100 deductible up to a $500 deductible, or save $558 by choosing a $1,000 deductible. Younger drivers, like the age 20 example, could drop their prices up to $1,244 or even more by selecting a higher deductible. If you make the decision to raise deductibles, it will be required to have enough spare savings to allow you to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Difference between liability only and full coverage rates
Lowering the price of car insurance should be important to the majority of people, and a good way to lower the cost of insurance for a Hyundai Elantra is to not buy comprehensive and collision coverage. The illustration below shows the comparison of car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no claims or driving citations, $250 deductibles, drivers are single, and no other discounts are factored in.
If averaged out across all ages, physical damage insurance costs $2,063 per year more than just buying liability insurance. That is a big expense that brings up the question if full coverage is worth the money. There is no written rule to stop paying for comp and collision coverage, but there is a general guideline. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.