Finding cheap car insurance for a Hyundai Elantra is usually pretty straightforward, but it is dependent upon a complicated formula that considers factors such as the age of the Elantra, where your vehicle is garaged, and any prior driving offenses. Drivers pay on average $707 each year to insure their Elantra, but that cost is an approximation calculated using a 50-year-old married female driver with full physical damage coverage and $100 deductibles.
But there is a high probability that you aren’t exactly 50 years old or even a female, maybe you are single instead of married, and maybe your Elantra is older and does not require full coverage. Having what appears to be a very minor change in the factors used in pricing a policy can result in a big discrepancy in the cost of insuring your Elantra.
This shows why the way we recommend to find cheap auto insurance rates for your Hyundai is to compare as many rates as you can.
Your Hyundai’s trim level tends to impact price, so the price you will be charged to insure a Elantra GLS Touring Station Wagon model will cost $86 less than the insurance cost for the higher-end Elantra SE Touring Station Wagon version, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$152||$280||$212||$12||$64||$720||$60|
|Elantra Blue 4-Dr Sedan||$152||$402||$248||$14||$74||$890||$74|
|Elantra GLS 4-Dr Sedan||$176||$402||$248||$14||$74||$914||$76|
|Elantra SE 4-Dr Sedan||$176||$402||$248||$14||$74||$914||$76|
|Elantra SE Touring Station Wagon||$176||$342||$212||$12||$64||$806||$67|
|Get Your Own Custom Quote Go|
Prices above based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Premium costs do not factor in specific location which can change insurance rates substantially.
Figuring out which companies have the most affordable auto insurance rates for a Hyundai Elantra will involve a little more work in order to find the lowest price quote. Each auto insurance company has their own unique process to set their prices, so we need to take a look at the most budget-friendly auto insurance companies in Hawaii.
It’s important to know that Hawaii auto insurance rates are calculated based on many things that may substantially change the cost of your policy. Turning one year older, buying a home, or having an at-fault accident can trigger changes in premium that can make some companies cheaper than before.
Best Car Insurance Prices for Your Hyundai
|Rank||Company||Cost Per Year|
|6||First of Hawaii||$1,928|
|Get a Custom Quote Go|
USAA may have some of the best car insurance rates in Honolulu at around $954 each year. This is $642 less than the average price paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive would also make the list of some of the cheaper Honolulu, HI insurance companies.
In the above example, if you are a customer of GEICO and switched to USAA, you might achieve an annual savings of in the vicinity of $422. Hawaii drivers with Liberty Mutual might save as much as $495 a year, and Progressive policyholders might lower prices by $670 a year.
To see if your current coverage is too expensive, click here to get a free quote or click several companies below for low rates.
It’s important to note that these policy rates are averaged across all types of drivers and the different vehicles they drive and are not factoring in an exact vehicle garaging location for a Hyundai Elantra. So the auto insurance company that can offer the best rates for your situation may not even be in the list above. That point stresses why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.
The illustration below illustrates how your deductible choice can impact insurance rates when quoting cheap insurance for a Hyundai Elantra. The premiums assume a single female driver, full physical damage coverage, and no discounts are applied.
As shown above, a 40-year-old driver could lower their policy premium by $276 a year by increasing from a $100 deductible up to a $500 deductible, or save $414 by changing to a $1,000 deductible. Young drivers, such as the 20-year-old chart data, could possibly save $712 annually by choosing larger deductibles on their policy.
If you do raise deductibles, it is a good idea to have enough savings set aside to allow you to pay the extra out-of-pocket expense associated with higher deductibles.
The benefits of price comparisons
Hawaii auto insurance rates are influenced by many factors that will increase or decrease the cost of your policy. Getting older, moving across town, or having an at-fault accident can trigger price changes that may make certain companies more affordable than the competition. And not only may your rating factors change, but companies change premium rates without warning to adjust for gains or losses. Significantly higher losses may result in increased rates, while a better loss history can cause cheaper Elantra insurance rates.
To illustrate this point, the bar chart below shows which company has the cheapest car insurance in Honolulu, HI for a 45-year-old female driver with no violations or accidents, and good credit. If we look at prices based on her current situation, USAA might quote the most affordable car insurance rates in Honolulu at $973 a year. This is $623 less than the average policy premium paid by Hawaii drivers of $1,596. State Farm, GEICO, Liberty Mutual, and Progressive are also included in the top five cheapest Honolulu, HI auto insurance companies.
Now let’s give the driver from the first rate comparison a claim surcharge, poor credit, and a few traffic violations. Since each insurance company has a proprietary method to establish rates, comparing quotes may result in a slightly different list of the cheapest Honolulu car insurance companies as shown below.
State Farm now has the cheapest car insurance in Honolulu, HI with USAA, GEICO, First of Hawaii, and Liberty Mutual also being competitive. This example proves why it is crucial to shop around with many companies when trying to find affordable insurance quotes for a Hyundai Elantra. Car insurance prices are impacted by many risk factors and can increase or decrease at any time, so the best price the last time you compared rates may now be one of the more expensive options.
How to find low-cost car insurance for a Hyundai Elantra
The list below shows some of the better penny-pinching solutions that can help drivers locate low-cost auto insurance.
- Buying your home and auto policies from the same company can earn a discount
- Avoid at-fault accidents and claims
- Having too many claims will increase rates substantially
- Buy safe vehicles
- Avoid getting tickets or violations
- Keep rates low by comparing prices once a year
The last item on the list is very important, as was noted in the prior information. Prices charged by auto insurers can be changed at any time, so you should be ready to switch carriers if a better rate can be found.
Being loyal to a particular company is commendable, but we do not recommend it if that loyalty results in overpaying hundreds of dollars year after year. Take a few minutes and compare rates and find cheaper auto insurance for a Hyundai Elantra in Honolulu.
If you aren’t sure which coverage to buy and prefer to have some advice when shopping for the best coverage for a Hyundai Elantra, the professional agents shown below are a good start to answer your questions and help you decide which coverages and limits you need. To locate a Honolulu car insurance agency using an interactive map, click the button at the bottom of the list.
Allstate Insurance: Rory Lee
575 Cooke St d – Honolulu, HI 96813 – (808) 596-8333
Gary Nakamura – State Farm Insurance Agent
1016 Kapahulu Ave #250 – Honolulu, HI 96816 – (808) 734-3265
Ryan Miyashita – State Farm Insurance Agent
1580 Makaloa St #102 – Honolulu, HI 96814 – (808) 945-0802
Allstate Insurance: Boyd Kauhane
1682 Kalakaua Ave #1 – Honolulu, HI 96826 – (808) 638-3673
Kelly Harada – State Farm Insurance Agent
1221 Kapiolani Blvd #1015 – Honolulu, HI 96814 – (808) 593-9288