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

Q: What company offers the best car insurance for a Hyundai Elantra?

State Farm received the highest score of 90 out of 100 in MoneyGeek's analysis of insurance providers, making it the best car insurance company for a Hyundai Elantra . Among the companies we analyzed, State Farm offers the lowest rates and has the second-highest ranking for customer satisfaction, making it a good option for drivers looking for both affordability and quality service. GEICO is the second-best company with a score of 89 out of 100. It’s slightly more expensive than State Farm at $1,151 per year.

The average annual cost of insuring a Hyundai Elantra is $1,476, which is moderate. State Farm has the cheapest average rates, but premiums will depend on factors such as the model year of your car, your age and your insurer.

Find Out If You Are Overpaying For Car Insurance Below.

By Mark Fitzpatrick

Edited by Victoria Copans

Updated: January 15, 2025

Advertising & Editorial Disclosure

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.

Key Takeaways

When looking for affordable insurance for a Hyundai Elantra, the key is balancing cost with quality of service. Based on the provided data, here are the cheapest insurers for both full and minimum coverage:

For a Hyundai Elantra (General):

- Cheapest Insurer: State Farm
- Full Coverage: $1,116 per year
- Minimum Coverage: $508 per year

- Most Expensive Insurer: Farmers
- Full Coverage: $1,729 per year
- Minimum Coverage: $825 per year

For a 16-Year-Old Driver (2022 Hyundai Elantra):

- Cheapest Insurer: State Farm
- Premium: $4,454 per year (for an individual plan)

- Most Expensive Insurer: Farmers
- Premium: $10,526 per year

For a 40-Year-Old Driver:

- 2009 Hyundai Elantra
- Average Cost: $1,265 per year
- 2022 Hyundai Elantra
- Average Cost: $1,641 per year

Insurer Rankings for Best Service:

- State Farm: MoneyGeek score of 90 out of 100
- GEICO: MoneyGeek score of 89 out of 100

State Farm stands out not just for affordability but also for excellent customer satisfaction, making it the top choice for Hyundai Elantra drivers seeking both cost-effectiveness and quality service.

In conclusion, while rates can vary depending on several factors such as age, model year, and geographic location, State Farm consistently offers the most affordable insurance rates with high-quality service, positioning it as the ideal choice for Hyundai Elantra owners.

Based on the provided data, the best car insurance provider for a Hyundai Elantra is State Farm. It stands out for its affordability and high-quality service, with a MoneyGeek score of 90 out of 100. The annual premium for full coverage through State Farm is $1,116. State Farm offers competitive rates along with excellent customer satisfaction, making it the top choice for Hyundai Elantra drivers seeking a combination of affordability and service quality.

Age plays a substantial role in determining car insurance premiums, significantly impacting costs for younger and older drivers. This is evident in a comparison of the insurance premiums for a 16-year-old and a 40-year-old driver for a Hyundai Elantra.

For a 16-year-old driver, car insurance is considerably expensive due to the increased risk that insurers associate with inexperienced drivers. When insuring a 2022 Hyundai Elantra, a 16-year-old can expect to pay approximately $7,446 annually. Conversely, insuring a 2009 model costs slightly less at $5,849 per year. On average, insuring any Hyundai Elantra costs young drivers around $6,436 annually, highlighting the significant premiums for this age group.

On the other hand, a 40-year-old driver benefits from much lower insurance premiums due to their experience and perceived lower risk. For a 2022 Hyundai Elantra, they would pay about $1,641 annually, and for a 2009 model, the cost decreases to around $1,265 per year. This demonstrates a stark contrast in premiums, with older drivers paying significantly less — an average of approximately $1,403 per year for a Hyundai Elantra.

Over time, as young drivers gain more experience and age, their insurance costs generally decrease. Typically, the most substantial drop in premiums occurs in the late teens and early 20s, as drivers build a history of safe driving and accrue more experience. The premiums tend to stabilize in their 20s and continue to remain more consistent through to middle age, when drivers are deemed to be at lower risk.

It's also important to highlight that insurance premiums can be influenced by various other factors beyond age, including the specific model year of the car, as newer models like the 2022 Hyundai Elantra often have higher insurance costs due to their higher market value. Additionally, individual insurance companies offer different rates, with State Farm and GEICO identified as some of the most affordable options for insuring a Hyundai Elantra.

Therefore, while age is a significant factor in determining car insurance premiums, drivers should also consider model year, insurer selection, and location among other factors when looking for car insurance. Exploring options and seeking discounts can provide considerable savings, especially for younger drivers.

Why Trust MoneyGeek? Our analysis of the average cost for insuring a Hyundai Elantra is based on an analysis of thousands of car insurance quotes we collected from Quadrant Information Services.

To determine the average rates, we updated our rates of auto insurance for a Hyundai Elantra to reflect the changes for 2023.

10Companies Compared

41,832 Quotes Analyzed

Average Cost and Cheapest Companies for Insuring a Hyundai Elantra

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.

Data filtered by:Results filtered by:

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Age:40

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Coverage:Full Coverage


State Farm	$1,116
GEICO	$1,151
Allstate	$1,445
Travelers	$1,463
Nationwide	$1,472
Progressive	$1,551
Farmers	$1,729

Is a Hyundai Elantra Expensive to Insure?

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.

Best Companies for Insuring a Hyundai Elantra

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.

MoneyGeek Top Pick: State Farm

pros

Most affordable option for a Hyundai Elantra

Has a high customer satisfaction score

cons

Few add-on coverages available

Has a low claims management score

COMPANY HIGHLIGHTS

State Farm is our top choice for Hyundai Elantra insurance, offering the cheapest rates in our comparison group and earning the second-highest customer satisfaction score. The company provides a small selection of add-on coverage options, including emergency road service coverage and car rental and travel expenses coverage.

If you experience car trouble on the road, State Farm's roadside assistance covers services like mechanical work, towing, lockout services, gas deliveries and tire changes. If your policy has this coverage, you can call State Farm's hotline or submit an online request when you need help.

If your Hyundai Elantra is in the shop for repairs following a covered accident, you can rent a car with the help of rental car and travel reimbursement coverage. If you’re more than 50 miles from home and your car is undriveable, this add-on will also help pay for food, lodging or travel costs.

Read MoneyGeek's State Farm Auto Insurance Review

MoneyGeek Runner-Up: GEICO

pros

Offers affordable rates for a Hyundai Elantra

Has a high customer satisfaction score

Offers mechanical breakdown insurance (MBI)

cons

Doesn’t offer gap insurance or original equipment manufacturer (OEM) coverage

Has a low claims handling score

COMPANY HIGHLIGHTS

GEICO is another excellent option for Hyundai Elantra drivers. The company has some of the most affordable rates and delivers great service. GEICO also offers many useful add-on coverages, including MBI.

This add-on covers repairs and replacement parts for your Hyundai Elantra with no limitations on the types of parts or repair facilities. This coverage is often a better deal and offers more extensive benefits than dealer warranties. However, it's only available for new cars under 15 months old and with less than 15,000 miles.

Car insurance rates can increase significantly after an at-fault accident, so if this is a concern, you may choose to opt for accident forgiveness coverage. Accident forgiveness prevents your rates from increasing following an at-fault accident. You may purchase this coverage for an additional fee, or GEICO may add it to your policy if you have gone at least five years without an accident.

Cost of Insuring a Hyundai Elantra by Model Year

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.

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Age:40

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Coverage:Full Coverage


2022	$1,641
2021	$1,605
2020	$1,550
2019	$1,553
2018	$1,528
2017	$1,462
2016	$1,453
2015	$1,417
2014	$1,310
2013	$1,259
2012	$1,181
2011	$1,183
2010	$1,236
2009	$1,265

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.

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Model Year:2022

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Age:40

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Coverage:Full Coverage


GEICO	$1,285
State Farm	$1,381
Travelers	$1,651
Nationwide	$1,724
Allstate	$1,760
Progressive	$1,785
Farmers	$2,064

Cost of Insuring a Hyundai Elantra for 16- to 25-Year-Olds

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.

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Coverage:Full Coverage


16	$6,436
17	$5,231
18	$4,598
19	$3,183
20	$2,882
21	$2,214
22	$2,048
23	$1,904
24	$1,809
25	$1,631

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.

Data filtered by:Results filtered by:

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Age:16

Model Year

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Model Year:2022

Coverage

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Coverage:Full Coverage


State Farm	$4,454
GEICO	$6,048
Travelers	$6,554
Nationwide	$7,011
Allstate	$8,178
Progressive	$9,453
Farmers	$10,526

How Does Location Affect the Cost of Hyundai Elantra Insurance?

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.

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Age Group:30-59

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Coverage:Full Coverage


Alabama	Nationwide	$709	$59
Alaska	State Farm	$699	$58
Arizona	Root Insurance Company	$682	$57
Arkansas	State Farm	$629	$52
California	AAA California	$1,001	$83
Colorado	American National P&C	$541	$45
Connecticut	GEICO	$693	$58
Delaware	State Farm	$881	$73
District of Columbia	GEICO	$662	$55
Florida	State Farm	$1,058	$88
Georgia	Country Financial	$665	$55
Hawaii	GEICO	$565	$47
Idaho	American National P&C	$299	$25
Illinois	Country Financial	$663	$55
Indiana	American Family	$555	$46
Iowa	State Farm	$509	$42
Kansas	Nationwide	$670	$56
Kentucky	Nationwide	$790	$66
Louisiana	Louisiana Farm Bureau	$1,048	$87
Maine	Concord Group	$521	$43
Maryland	Progressive	$938	$78
Massachusetts	State Farm	$483	$40
Michigan	GEICO	$898	$75
Minnesota	State Farm	$797	$66
Mississippi	Direct General Insurance	$723	$60
Missouri	Nationwide	$909	$76
Montana	Progressive	$437	$36
Nebraska	American National P&C	$405	$34
Nevada	CSAA	$940	$78
New Hampshire	State Farm	$540	$45
New Jersey	Plymouth Rock Assurance	$895	$75
New Mexico	State Farm	$644	$54
New York	Kemper	$781	$65
North Carolina	Erie	$630	$52
North Dakota	American Family	$616	$51
Ohio	Nationwide	$485	$40
Oklahoma	State Farm	$662	$55
Oregon	State Farm	$706	$59
Pennsylvania	Nationwide	$580	$48
Rhode Island	State Farm	$700	$58
South Carolina	American National P&C	$463	$39
South Dakota	Allstate	$746	$62
Tennessee	State Farm	$579	$48
Texas	State Farm	$699	$58
Utah	Nationwide	$725	$60
Vermont	State Farm	$493	$41
Virginia	American Family	$601	$50
Washington	PEMCO	$534	$44
West Virginia	Erie	$784	$65
Wisconsin	GEICO	$556	$46
Wyoming	State Farm	$745	$62

Frequently Asked Questions About Hyundai Elantra Insurance

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

What company has the cheapest car insurance for a Hyundai Elantra?

The average cost of car insurance for a Hyundai Elantra is $1,476, which is moderately priced. State Farm is the cheapest company, with average rates of $1,116 per year for a full coverage policy and $508 per year for a minimum coverage policy. Rates will vary based on factors such as driver age, model year and location. Consider shopping around and comparing rates to find an insurer that can cater to your needs, preference and budget.

What company offers the best car insurance for a Hyundai Elantra?

State Farm received the highest score of 90 out of 100 in MoneyGeek's analysis of insurance providers, making it the best car insurance company for a Hyundai Elantra. Among the companies we analyzed, State Farm offers the lowest rates and has the second-highest ranking for customer satisfaction, making it a good option for drivers looking for both affordability and quality service. GEICO is the second-best company with a score of 89 out of 100. It’s slightly more expensive than State Farm at $1,151 per year.

About Mark Fitzpatrick

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.

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

Key Takeaways

Compare Auto Insurance Rates

Average Cost and Cheapest Companies for Insuring a Hyundai Elantra

Is a Hyundai Elantra Expensive to Insure?

Best Companies for Insuring a Hyundai Elantra

MoneyGeek Top Pick: State Farm

pros

cons

COMPANY HIGHLIGHTS

MoneyGeek Runner-Up: GEICO

pros

cons

COMPANY HIGHLIGHTS

Cost of Insuring a Hyundai Elantra by Model Year

Cost of Insuring a Hyundai Elantra for 16- to 25-Year-Olds

How Does Location Affect the Cost of Hyundai Elantra Insurance?

Frequently Asked Questions About Hyundai Elantra Insurance

What company has the cheapest car insurance for a Hyundai Elantra?

What company offers the best car insurance for a Hyundai Elantra?