Finding competitive auto insurance for a Hyundai Elantra in Florida is usually pretty straightforward, but it hinges on many rating criteria such as your gender, the performance level of your vehicle, and driving violations. Drivers in Florida pay on average $937 each year for Elantra insurance, but that figure is an approximation using a 50-year-old single female driver with full comprehensive and collision coverage and $1,000 deductibles.
When projecting a rate like this, the problem is that you are not 50 and maybe not even a female, married instead of single, or maybe you are just looking for cheap liability insurance. Everyone has unique insurance needs, and this illustrates why the only real way to find cheap insurance rates for your Hyundai is to compare as many rates as you can.
Your Hyundai’s trim level has an effect on the yearly cost, so the cost to insure a Elantra GLS Touring Station Wagon trim level will be $80 less expensive the cost to insure the higher-priced Elantra SE Touring Station Wagon model, as shown in the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $150 | $276 | $400 | $24 | $120 | $970 | $81 |
| Elantra Blue 4-Dr Sedan | $150 | $394 | $472 | $28 | $142 | $1,186 | $99 |
| Elantra GLS 4-Dr Sedan | $172 | $394 | $472 | $28 | $142 | $1,208 | $101 |
| Elantra SE 4-Dr Sedan | $172 | $394 | $472 | $28 | $142 | $1,208 | $101 |
| Elantra SE Touring Station Wagon | $172 | $334 | $400 | $24 | $120 | $1,050 | $88 |
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Rate quotes do not factor in specific Orlando garaging location which can raise or lower rates greatly.
Finding good, affordable car insurance is hard enough, and figuring out which company offers the best auto insurance rates for a Hyundai Elantra requires even more shopping around. Each insurance company has a proprietary method to set premium rates, so let’s begin by taking a look at the auto insurance companies that tend to have lower prices in Orlando.
It’s important to understand that Florida auto insurance rates are calculated based on many things which can substantially change the price of coverage. Simply having a birthday, becoming a homeowner, or getting a DUI can trigger rate changes that can cause some rates to be more expensive than competitors.
Best Car Insurance Prices for Your Hyundai
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $957 |
| 2 | Electric | $1,746 |
| 3 | Amica | $1,764 |
| 4 | Progressive | $1,775 |
| 5 | Travelers | $1,869 |
| 6 | Allied | $1,926 |
| 7 | Mercury | $1,933 |
| 8 | Esurance | $2,020 |
| 9 | GEICO | $2,108 |
| 10 | State Farm | $2,110 |
| 11 | Auto-Owners | $2,171 |
| 12 | 21st Century | $2,397 |
| 13 | Allstate | $2,411 |
| 14 | Windhaven Insurance | $2,627 |
| 15 | MetLife | $2,870 |
| 16 | Safeco | $2,927 |
| 17 | Hanover | $2,964 |
| 18 | Liberty Mutual | $3,131 |
| 19 | United Automobile | $3,562 |
| 20 | Direct General | $4,062 |
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USAA may offer some of the best car insurance rates in Orlando at around $957 each year. Electric, Amica, Progressive, and Travelers would also be considered some of the most economical Orlando, FL auto insurance companies.
In the above rates, if you currently have a policy with Progressive and switched to Electric, you might see annual savings of in the vicinity of $29. Drivers with Travelers may save as much as $123 a year, and Allied insureds might lower prices by up to $180 a year.
To find the cheapest rates for your vehicle, click here to start a quote or quote rates from the companies below.
Understand that those estimates are averages across all types of drivers and the different vehicles they drive and and are not figured with an exact location for a Hyundai Elantra. So the company that can offer you the best rate may not even be in the top 21 companies shown above. That’s why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.
Types of discounts on Orlando insurance
Insurers that offer coverage for a Hyundai Elantra may have policy discounts that could lower prices by as much as 30% if you are eligible to receive them. Larger auto insurance companies and their offered discounts are included below.
- GEICO discounts include daytime running lights, air bags, multi-vehicle, good student, federal employee, and multi-policy.
- Travelers offers premium reductions for early quote, multi-car, driver training, continuous insurance, and new car.
- Nationwide may have discounts that include easy pay, good student, defensive driving, family plan, and anti-theft.
- Farmers Insurance includes discounts for youthful driver, switch companies, electronic funds transfer, multi-car, pay in full, and distant student.
- Esurance may include discounts for good driver, paid-in-full, emergency road assistance, good student, and Pac-12 alumni.
- State Farm has discounts for passive restraint, good driver, defensive driving training, student away at school, and accident-free.
- Progressive may offer discounts for online quote discount, homeowner, continuous coverage, multi-vehicle, and online signing.
- Mercury Insurance offers discounts including ease of repair, location of vehicle, professional/association, good student, and type of vehicle.
The chart below illustrates the comparison of insurance costs with and without discounts applied. The rate quotes are based on a male driver, no accidents or driving violations, Florida state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with claim-free, marriage, multiple vehicle, accident-free, vehicle safety, and safe-driver discounts applied. When these discounts are applied to the policy premium, the average savings per year on auto insurance for a Hyundai Elantra is 28% or $846.
Should you buy full coverage?
Finding cheaper auto insurance is important to most people, and one of the fastest ways to pay less for insurance for a Hyundai Elantra is to buy only liability coverage. The information below compares auto insurance costs with full physical damage coverage compared to only buying liability only. The rates are based on no tickets, no at-fault accidents, $100 deductibles, drivers are single, and no other discounts are factored in.
If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs an extra $3,045 per year over having just liability coverage. That raises the question if paying for full coverage is a waste of money. There isn’t a steadfast formula to stop buying physical damage coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your vehicle’s book value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would receive is $4,000 after the deductible is paid. If you are paying over $400 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
How accidents and violations affect rates in Orlando
The easiest way to enjoy good auto insurance premiums in Orlando for an Elantra is to be a good driver and not have accidents or get tickets. The diagram below highlights how traffic violations and accident claims increase annual premium costs for different age categories. The premiums are based on a married male driver, full physical damage coverage, $500 deductibles, and no policy discounts are applied.
In the chart above, the average cost of an auto insurance policy in Florida per year with no accidents and a clean driving record is $1,672. Get one speeding ticket and the average cost surges to $1,921, an increase of $249 each year. Now get two accidents along with the one speeding ticket and the annual cost of auto insurance for a Hyundai Elantra increases to an average of $4,171. That’s an increase of $2,499, or $208 per month, just for not being more responsible behind the wheel!