Compare the Cost of Hyundai Elantra Insurance by Model Year and Company

Insurance rates depend on various factors, including the driver's age and the car’s model year. A 16-year-old driving a Hyundai Elantra can expect to pay $7,446 per year to insure a 2022 model and $5,849 per year to insure a 2009 model. On the other hand, a 40-year-old driver pays significantly lower premiums, with an average cost of $1,641 per year to insure a 2022 model and $1,265 per year to insure a 2009 model.

MoneyGeek also ranked insurance providers to identify the best combination of affordability, quality of service and claims experience.

Insuring a Hyundai Elantra costs an average of $1,457 per year. However, your choice of insurer can impact your rates. Based on our analysis, State Farm offers the cheapest car insurance for a Hyundai Elantra. It has an average rate of $1,116 per year for full coverage and $508 per year for minimum coverage. In contrast, Farmers is the most expensive option, with an average rate of $1,729 per year for full coverage and $825 per year for minimum coverage.

Insurance companies weigh several factors when calculating the insurance costs of a given Hyundai Elantra. In general, the Hyundai Elantra is neither cheap nor expensive to insure. Although it has a relatively low MSRP of $21,295, it has a higher-than-average theft rate, according to the latest data from the National Highway Traffic Safety Administration (NHTSA). Its high theft rate is one of the main reasons the vehicle isn't cheap to insure since it presents a higher risk to insurers.

When looking for auto insurance, you should consider a company's customer satisfaction and claims experience ratings in addition to cost. According to our research, the following insurers provide the best car insurance for a Hyundai Elantra:

• State Farm: MoneyGeek score of 90 out of 100 ($1,116 per year)
• GEICO: MoneyGeek score of 89 out of 100 ($1,151 per year)

State Farm received high scores for both affordability and customer satisfaction, making it our top choice for Hyundai Elantra drivers as it provides reasonable rates paired with exceptional service.

The average cost of car insurance for a 2009 Hyundai Elantra is $1,265 a year, while it costs about $1,641 a year to insure a 2022 model. Due to their high market value, newer car models often have higher insurance costs than older ones.

The average cost of car insurance depends on your car insurance company. The cheapest company for a 2009 Hyundai Elantra is State Farm, which costs $946 per year. For a 2022 model, the cheapest option is GEICO at $1,285 per year.

Teenagers and young adults typically face higher car insurance costs compared to older drivers. For example, insuring a Hyundai Elantra costs around $6,436 per year for a 16-year-old, while a 40-year-old only pays about $1,403 per year. The cost of car insurance for teens decreases as they age and tends to stabilize in their 20s.

Car insurance for teens is cheapest when you add them to a family plan as individual plans are significantly more expensive. In addition, teens are legally required to have a parent or guardian co-sign in order to purchase an individual policy.

For a 2022 Hyundai Elantra, the cheapest option for an individual plan for a 16-year-old driver is from State Farm, with an average premium of $4,454 per year. The most expensive company is Farmers at $10,526 per year. We recommend exploring your options to find the most affordable car insurance for young drivers, as some companies may offer lower rates and specific discounts.

One of the biggest factors influencing the cost of car insurance is location. As a result, car insurance rates and the cheapest insurer for a sample car vary by state. Idaho has the cheapest average rates, while Florida has the most expensive.

MoneyGeek answered frequently asked questions regarding the cost and service of Hyundai Elantra car insurance companies to help drivers looking for the best option.