Although the Hyundai Elantra is often compared to popular Japanese sedans like the Toyota Camry, Honda Accord , and the Nissan Altima , the car is actually designed and manufactured in Korea. Despite the different countries of manufacture, though, the Elantra does share many of the same features and a similar price range as its Japanese counterparts.
The Elantra was first manufactured in 1990. However, these cars didn't start to become popular in the United States until after 2006, when the level of quality and design was improved. Prior to then, the Elantras had a history of being unreliable and prone to repairs.
Currently, though, Hyundai has risen to become one of the most reliable brands in the United States. The Elantra is the automaker's premier four-door sedan and is a step up from the Sonata, its slightly less expensive cousin.
If you've been wondering how much does Hyundai Elantra insurance cost , then you've come to the perfect place. Below, we'll answer some common questions about purchasing Elantra insurance, show you the average cost in annual premiums (based on model year), and break down the key factors that affect the cost to insure your vehicle . Let's take a look!
2007 Hyundai Elantra Insurance Cost: $1,016 per year
2008 Hyundai Elantra Insurance Cost: $1,052 per year
2009 Hyundai Elantra Insurance Cost: $1,080 per year
2010 Hyundai Elantra Insurance Cost: $1,114 per year
2011 Hyundai Elantra Insurance Cost: $1,130 per year
2012 Hyundai Elantra Insurance Cost: $1,156 per year
2013 Hyundai Elantra Insurance Cost: $1,198 per year
2014 Hyundai Elantra Insurance Cost: $1,248 per year
2015 Hyundai Elantra Insurance Cost: $1,278 per year
2016 Hyundai Elantra Insurance Cost: $1,310 per year
2017 Hyundai Elantra Insurance Cost: $1,330 per year
2018 Hyundai Elantra Insurance Cost: $1,336 per year
2019 Hyundai Elantra Insurance Cost: $1,348 per year
2020 Hyundai Elantra Insurance Cost: $1,358 per year
2021 Hyundai Elantra Insurance Cost: $1,396 per year
2022 Hyundai Elantra Insurance Cost: $4,316 per year
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Like most of the other popular cars on the market, consumers have a lot of questions about the Elantra. Some want to know whether or not the car lives up to its reputation as a reliable vehicle, while others question the price, how much it costs to insure the car, and how well it holds its value.
All of these factors play a key role in the way that insurance companies decide to price their auto insurance rates for the cars. Let's take a look at a few of the most common questions.
A brand-new 2022 Hyundai Elantra costs an average of $4,316 per year for a full coverage insurance policy. The average annual cost of insurance in the United States is $1,674 per year, meaning that the Elantra is almost $2,642 more expensive than what the average person pays for their auto insurance.
This is partly due to its improved design (compared to more expensive American and German counterparts) as well as its considerable safety features which have resulted in the car becoming an IIHS Top Safety Pick .
The Hyundai Elantra has earned a reputation for being an incredibly reliable car, especially in regards to its engine longevity. This has made them a viable competitor to Toyota’s long-lasting Camry . Elantras from 2012 and higher have been regularly reported to reach 200,000 to 300,000 miles before needing a rebuild, and there have even been a couple of engines that have reached as high as a million miles with regular servicing.
While the Elantra is affordable and reliable, they do not hold their value for a long time. In fact, within about five years of ownership with regular mileage and standard wear and tear, most Hyundais depreciate by around 45-50%.
That being said, they may not make a great car to flip, but you do get a good bang for your buck. Additionally, the depreciation means that parts and repairs are generally cheaper as well as total loss payouts. This typically translates to lower insurance rates for a full coverage policy.
The rates shown above reflect a national average that was taken by averaging the rates paid by older drivers (30 to 40-years-old) with clean driving records. Ultimately, though, the rate that you pay will be determined by several key factors. For example, if you have SR-22 insurance, then you're considered an extremely high-risk driver and may pay up to triple the amounts shown above.
Let's take a couple of minutes to break down some of the top factors that affect your insurance cost.
Your age is probably one of the most important factors that determine your premium cost. As a younger driver, expect to pay at least double what you would pay as an older driver. This is due to the fact that the teenage brain has not yet fully developed, and they're more prone to risk-taking (which can be very dangerous when driving). Additionally, younger drivers typically have less experience behind the wheel and may not be quite as aware as more experienced drivers.
The city you live in will likely play a big role in your insurance costs. For example, if you want a full coverage policy on your Elantra in Los Angeles, California, then you'll pay upwards of $2,300 per year (which is a solid 90% more than the national average). This is mostly due to the fact that certain cities have higher rates of accidents and insurance payouts. This, in turn, contributes to a higher cost of insurance for drivers in the area.
Another major factor in your annual premium fees is the level of coverage that you require. If you just want basic liability coverage on your 2020 Elantra, then you probably won't pay more than $400 per year. On the other hand, if you want a full coverage policy that features additional collision insurance, comprehensive coverage, personal injury protection, etc., then you'll pay double or triple that amount.
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By World Car, CC BY 3.0, https://commons.wikimedia.org/w/index.php?curid=101286632
I have dealt with many auto insurance companies in my life time but none as deceitful as AAA!! I signed up with a AAA insurance agent back in March. The premium I was would be $138/month-(all good). The agent told me I had to pay 4 months in advance so I gave my credit card to pay for the 4 months including the current month. One month later I received my monthly invoice for payment. The amount due had jumped from $138 (monthly) to $276. I called AAA and they said this was because of an accident that occurred 5 months prior where the other driver was at fault, though the case was still had yet to be closed. AAA would not accept the quoted premium of $138/month. So I shopped for a new insurance policy. A division of Farmers Insurance (Toggle) sold me their auto policy which was superior to AAA at $118/month with only $500 deductible. I canceled AAA and jumped onto the Farmers policy. I contacted AAA to cancel the policy and requested the 3 months paid in advance be reimbursed to me. I was told that I would not be reimbursed and in fact I was still responsible for the premium payment of $276 - that this payment would not be forgiven. I have since filed a claim with the BBB (Better Business Bureau) and if this fails I will take AAA to small claims court. Prior to this experience I respected the AAA name. I've learned that this company is simply TOO BIG and feel they can take advantage of their customers at will. I have since canceled EVERYTHING AAA (roadside service and an insurance policy). This big business corporation is NOT TO BE TRUSTED!!!!
Total scam. Beware. They use drive easy app to bat and switch.
Geico has the worst customer service! They changed my policy without my authorization and doubled my monthly payments in error!
Terrible company when it comes to honor their liability for other automobilists. Their driver crossed right light, destroyed my vehicle and liberty mutual denied my claim. First, for months they did not respond our emails. Than I called and their agent Danelle Bechard asked me to email her the details of the accident. another two months passed and again, no response from her. I called again and she was like, let me check your email and said, your claim is denied. She decided in few seconds after checking my email. In fact she never read my emails, just wanted to give me false hope. They could do investigation, they could read my emails, they could go through pictures but hey had already decided to deny my claim. They knew that I do not have a camera in my car or any witness. I am an Uber driver, I lost my car, and my job because of this accident. I had to borrow money from friends to purchase another car and I still owe money. Just because I cannot prove it, does not mean it did not happen. I could not do anything so just writing this review.
THE WORST INSURANCE COMPANY IN THE WORLD. Had the for 5 years, cost doubled neve had a claim of ticket, no service dept. They keep changing my policy without my approval. AND paid payment on line. They took a extra $4000 . Took a year to get them to admit there wrong. Customer service is like talking to 4 year old. I wouldn't trust this company with a dime. Now have a good HONEST company thats $489 cheaper on my auto policy alone. NEVER trust aaa..
Not all those who wander are lost.
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