Why Are Hyundai Elantras So Expensive to Insure? How To Lower It

Hyundai Elantras are popular compact cars that offer a smooth ride, good fuel efficiency, and a sleek design.

However, many drivers may be surprised to find out that insuring a Hyundai Elantra can cost more than other similar car models.

Hyundai Elantra
Hyundai Elantra | MotorBiscuit

In this article, we will explore some of the factors that affect the insurance cost of a Hyundai Elantra and how you can save money on your premiums.

The Driver’s Profile

One of the main factors that influence the insurance cost of any vehicle is the driver’s profile.

This includes the driver’s age, driving experience, driving history, occupation, gender, and location.

Generally, younger drivers or those with a limited driving history tend to have higher insurance rates as they are statistically more prone to accidents.

Similarly, drivers who have a history of tickets, violations, or claims may also face higher premiums as they are considered more risky by insurers.

On the other hand, drivers who have a clean record, a good credit score, and a low-risk occupation may qualify for discounts and lower rates.

The Vehicle’s Features

Another factor that can affect the insurance cost of a Hyundai Elantra compared to other similar car models is the vehicle’s features.

An image of Hyundai Elantra
The Best Type Of Oil For A Hyundai Elantra?[PHOTO COURTESY OF VEHQ]
This includes the model year, trim level, safety rating, theft rate, repair cost, and depreciation value.

Older Elantra models may have lower insurance rates due to their decreased value and potentially lower repair costs.

However, newer models may have higher rates due to their higher value and more expensive parts.

Additionally, some trim levels may have more advanced features that can increase the insurance cost, such as the N Line or the Hybrid.

Furthermore, the safety rating and theft rate of the vehicle can also impact the insurance cost.

The Hyundai Elantra has a good safety rating from the Insurance Institute for Highway Safety (IIHS), which can lower the insurance cost.

However, it also has a high theft rate compared to other compact cars, which can raise the insurance cost.

The Insurance Company

The final factor that can affect the insurance cost of a Hyundai Elantra is the insurance company itself.

Different insurers may have different methods of calculating premiums and different discounts available for customers.

Therefore, it is important to compare quotes from multiple insurers before choosing one.

Based on our analysis, State Farm offers the cheapest car insurance for a Hyundai Elantra, with 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.

READ MORE : Is Toyota Better Than Hyundai? Unraveling The Ultimate Automotive

How to Save Money on Hyundai Elantra Insurance

There are several ways to save money on your Hyundai Elantra insurance.

Some of them are:

1.Shop around and compare quotes from different insurers.

2.Choose a higher deductible and a lower coverage limit.

3.Bundle your auto insurance with other policies such as home or renters insurance.

4.Take advantage of discounts such as safe driver, good student, low mileage, or multi-car discounts.

5.Maintain a good driving record and credit score.

6.Install anti-theft devices or safety features on your vehicle.

8.Drive less and use public transportation or carpooling.

What is Hyundai doing about stolen cars?

Hyundai is aware of the problem of car thefts targeting some of its models that do not have push-button ignitions and immobilizing anti-theft devices.

Hyundai is taking several actions to address this issue and protect its customers. Some of these actions are:

1.Hyundai has developed a new anti-theft security kit in partnership with Compustar that includes a kill switch and an alarm.

The kit is available at Hyundai dealerships or at Compustar’s authorized installers in the U.S. for $170.

Customers will also have to pay for the installation, which could cost up to $500.

2.Hyundai is also working on a software update that will further secure the targeted vehicles by preventing them from starting during the method of theft popularized on social media.

The software update will be available for some Hyundai vehicles in the first half of 2023, with others to follow later.

The software update will be free of charge.

Hyundai has also expanded a program supporting police departments that are distributing theft-preventive steering wheel locks to customers who own the affected models.

The steering wheel locks are free of charge.

3.Hyundai has also advised its customers to follow some safety precautions, such as parking in well-lighted areas, keeping doors locked, not leaving valuables in the car, and reporting any suspicious activity.


Hyundai Elantras are great cars that offer many benefits for drivers.

However, they can also be expensive to insure due to various factors such as the driver’s profile, the vehicle’s features, and the insurance company.

By understanding these factors and following some tips to save money on your premiums, you can enjoy your Hyundai Elantra without breaking the bank.


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