Finding the best cheap car insurance for a Hyundai Elantra depends on lots of different rating factors such as whether you use your Elantra for business use, if you are a frequent claim filer, and if you have tickets or violations. Drivers in Ohio will pay around $730 annually to insure their Elantra, but that figure is an approximation based upon a 50-year-old single male driver with full comprehensive and collision coverage and $100 deductibles.
It’s highly likely you may not be 50 years old (or even male), maybe you are married instead of single, or maybe you live in a different area as the quoted rates. Even a minor difference in rating factors or requested coverage amount can result in a big discrepancy in the cost of a policy.
Every driver’s needs are different, and that is why the only real way to find the cheapest rates for your Hyundai is to just compare rates yourself. Quotes are always free and you will receive rate quotes from the best auto insurance companies in Ohio.
The trim level of your Elantra will influence the cost of insurance, so the rate you will pay to insure a Elantra GLS Touring Station Wagon model will be $88 lower than the price to insure the high end Elantra SE Touring Station Wagon trim level, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Elantra GLS Touring Station Wagon||$146||$298||$218||$12||$66||$740||$62|
|Elantra Blue 4-Dr Sedan||$146||$428||$256||$16||$76||$922||$77|
|Elantra GLS 4-Dr Sedan||$168||$428||$256||$16||$76||$944||$79|
|Elantra SE 4-Dr Sedan||$168||$428||$256||$16||$76||$944||$79|
|Elantra SE Touring Station Wagon||$168||$364||$218||$12||$66||$828||$69|
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Information does not factor in specific Columbus garaging location which can decrease or increase premium rates greatly.
Insuring your vehicle with a good quality company can be challenging considering how many companies provide coverage in Ohio. The ranking information in the next section could help you select which coverage providers you want to consider to insure your vehicles.
The ratings below include the largest auto insurers in America, so companies without a large exposure will not be included in this list. If you’d like to compare prices from these top insurers and more, click here.
Top 10 Major Auto Insurance Providers in Columbus Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
Top 10 Major Auto Insurance Providers in Columbus Ranked by Value
- AAA Insurance
- Erie Insurance
- State Farm
- Liberty Mutual
- Safeco Insurance
- 21st Century
The illustration below demonstrates how choosing different deductibles can influence insurance rates when researching cheap insurance for a Hyundai Elantra. The premiums are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
As shown above, a 50-year-old driver could save $208 a year by changing from a $100 deductible to a $500 deductible, or save $312 by selecting a $1,000 deductible. Young drivers, such as the 20-year-old example, can save up to $700 annually just by choosing larger deductibles. If you do decide to increase your deductibles, it will be necessary to have enough savings set aside to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Should you buy full coverage?
Reducing premiums for car insurance is probably important to the majority of vehicle owners, and one good way to reduce the cost of insurance for a Hyundai Elantra is to not buy comprehensive and collision coverage. The example below illustrates the comparison of auto insurance costs with full physical damage coverage and with liability coverage only. The prices are based on no driving violations, no at-fault accidents, $250 deductibles, single marital status, and no discounts are factored in.
If the expense is averaged for all age categories, full coverage costs $1,325 per year over and above liability only. That brings up the question if it’s worth it to buy full coverage. There is no clear-cut rule to delete full coverage, but there is a general guideline. If the yearly cost for physical damage coverage is 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let’s assume your vehicle’s settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $4,000 after paying your policy deductible. If premium cost is more than $400 a year for your policy with full coverage, then it might be time to buy liability only.
There are some conditions where eliminating full coverage is not in your best interest. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
How to find economical insurance for a Hyundai Elantra
It’s not impossible to find cheaper rates, and here are some of the recommended thrifty solutions that can help you buy cheap car insurance.
- Earn discounts for being claim-free
- Buy a vehicle with excellent safety ratings
- Ensure your driving record is clean
- Buying home and auto insurance together can earn discounts
- Accident-free drivers may qualify for discounts
- Shop around for lower rates once a year
That last piece of advice is highly crucial, as we discussed in this piece. Coverage prices can change considerably in a year, so don’t hesitate to buy from a different company if a better deal can be had. Staying with the same car insurance company is fine, but we do not recommend it if that dedication is costing a lot of money. In just a couple of minutes you could shop around to find cheaper insurance for a Hyundai Elantra in Columbus.
If you have coverage questions and would like to get help from a professional when buying car insurance for an Elantra, the agents below can most likely aid you in deciding which insurance coverage you need. To find an agent by location nearest to you, click the button following the list.
Bill Alsnauer – State Farm Insurance Agent
2500 W Dublin Granville Rd – Columbus, OH 43235 – (614) 764-2411
Russell A Popp – State Farm Insurance Agent
2844 Johnstown Rd – Columbus, OH 43219 – (614) 471-5557
Ted Briggs – State Farm Insurance Agent
2545 Petzinger Rd L – Columbus, OH 43209 – (614) 235-6667
Gardiner Allen DeRoberts Insurance LLC
777 Goodale Blvd – Columbus, OH 43212 – (614) 221-1500
Associated Insurance Agency – Pickerington
12927 Stonecreek Dr – Pickerington, OH 43147 – (614) 866-6060