Buying cheap insurance for a Hyundai Elantra relies on many rating factors such as how far you commute, your geographic location, and any prior driving offenses. Arizona drivers pay approximately $820 annually for Elantra insurance, but that is an estimation calculated using a 50-year-old married male driver with both comprehensive and collision coverage and $100 deductibles.
More likely than not, you may not be 50 years old (or even male), possibly single instead of married, or maybe you prefer to not insure for full coverage. Everyone has unique insurance needs, and this illustrates why the only way to find affordable rates for your Hyundai is to do a thorough rate comparison.
The trim level of your vehicle has an effect on the cost of insurance, so the cost to insure a Elantra GLS Touring Station Wagon trim level will be $96 cheaper than the price to insure the fancier Elantra SE Touring Station Wagon version, as shown by the rates below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $176 | $326 | $244 | $14 | $74 | $834 | $70 |
| Elantra Blue 4-Dr Sedan | $176 | $466 | $288 | $18 | $86 | $1,034 | $86 |
| Elantra GLS 4-Dr Sedan | $202 | $466 | $288 | $18 | $86 | $1,060 | $88 |
| Elantra SE 4-Dr Sedan | $202 | $466 | $288 | $18 | $86 | $1,060 | $88 |
| Elantra SE Touring Station Wagon | $202 | $396 | $244 | $14 | $74 | $930 | $78 |
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Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Premium amounts do not factor in zip code location which can change rates significantly.
Deciphering which insurers offer the cheapest auto insurance rates for a Hyundai Elantra requires a bit more work in order to find the best policy. Each auto insurance company has their own formula for setting prices, so let’s look at the rankings for the lowest cost auto insurance companies in Chandler, AZ.
It’s important that readers know that Chandler auto insurance rates are impacted by many things that will increase or decrease your annual premium. Simply having another birthday, adding a teenager to your policy, or getting a driving violation can produce rate changes that may make certain companies affordable when they were higher priced.
Cheapest Insurance Rates for Your Hyundai
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $820 |
| 2 | Safeco | $896 |
| 3 | Auto-Owners | $924 |
| 4 | USAA | $1,080 |
| 5 | Travelers | $1,086 |
| 6 | Progressive | $1,130 |
| 7 | GEICO | $1,166 |
| 8 | Ameriprise Group | $1,184 |
| 9 | Allied | $1,209 |
| 10 | CSAA | $1,213 |
| 11 | Farm Bureau Mutual | $1,297 |
| 12 | Safe Auto | $1,323 |
| 13 | State Farm | $1,337 |
| 14 | Unitrin | $1,343 |
| 15 | Farmers | $1,350 |
| 16 | American Family | $1,420 |
| 17 | Titan | $1,433 |
| 18 | Amica | $1,473 |
| 19 | California Casualty | $1,522 |
| 20 | MetLife | $1,567 |
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The Hartford normally has some of the most affordable car insurance rates in Chandler at around $820 a year. Safeco, Auto-Owners, USAA, and Travelers also are some of the best Chandler, AZ auto insurance companies.
In the above rates, if you currently have a policy with Travelers and switched to Safeco, you could realize savings of roughly $190. Insureds with Progressive could save as much as $234 a year, and GEICO insureds might realize rate reductions of up to $270 a year.
To see how much you can save, click here to start your custom quote or click through to the companies below.
Bear in mind that those premiums are averaged for all drivers and vehicles in Arizona and do not take into consideration a specific vehicle garaging location for a Hyundai Elantra. So the auto insurance company that fits your situation best may not even be in the top 28 companies in the list above. That underscores the importance of why you need to get rate quotes from many companies using your own individual information.
Should you buy full coverage?
Saving money when shopping for auto insurance is the goal of the majority of drivers, and one easy way to find cheap insurance for a Hyundai Elantra is to not insure for full coverage. The diagram below illustrates the comparison of car insurance rates with and without physical damage coverage. The premiums assume no driving violations, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are applied.
Averaged for all ages 20 through 70, comp and collision coverage costs $2,196 per year over having just liability coverage. That touches on the question when is the right time to remove full coverage. There is no exact formula to drop comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
There are some circumstances where eliminating full coverage is not a good idea. If you haven’t satisfied your loan, you have to carry full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not buy liability only.
The chart below shows how different deductible levels can influence insurance costs when researching cheap insurance for a Hyundai Elantra. The data is based on a married female driver, comp and collision included, and no discounts are factored in.
As shown above, a 40-year-old driver could reduce rates by $266 a year by switching from a $100 deductible up to a $500 deductible, or save $400 by switching to a $1,000 deductible. Youthful drivers, such as the 20-year-old example, can cut as much as $662 each year just by choosing higher deductibles.
When increasing deductibles, it will be necessary to have additional savings on hand to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
How to find budget-friendly auto insurance for a Hyundai Elantra
It is possible to find better rates, and here are some of the better thrifty solutions that can help you find more affordable auto insurance.
- Raise your physical damage coverage deductibles
- Better credit rating means better rates
- Save money by insuring older vehicles for liability only
- Violations and traffic tickets increase rates
- At-fault accidents will increase rates
- Choose a safer vehicle and pay lower rates
- Compare rates and switch if you can find a better deal
The last tip is extremely valuable, as was emphasized in this article. Prices charged by auto insurers change a lot, so don’t be afraid to buy a policy from a new company if a more affordable rate is found.
Brand loyalty is not necessarily bad, but it’s not a good idea if your bullheadedness ends up costing you a lot of money every month. In less than five minutes you could shop around to find cheaper insurance for a Hyundai Elantra in Chandler.
If you prefer to get some help when shopping for cheaper insurance for a Hyundai Elantra, the professional agents shown below can most likely help you decide which insurance coverage will be best for you.
To find an auto insurance agency by location nearest to you, click the button at the bottom.
- San Marcos Insurance Group
584 W Chandler Blvd – Chandler, AZ 85225 – (480) 899-6633 - Allstate Insurance: Joe Kittelson
1351 N Alma School Rd Ste 160 – Chandler, AZ 85224 – (480) 545-8877 - American Family Insurance – Michael Pinta Agency Inc.
5505 W Chandler Blvd Ste 19 – Chandler, AZ 85226 – (480) 785-1500 - State Farm: Randy Eller
7050 W Chandler Blvd – Chandler, AZ 85226 – (480) 961-4884