Cheapest Insurance for a Hyundai Elantra in California

Cheapest Insurance for a Hyundai Elantra in California

The chances that you’ll find the cheapest auto insurance for a Hyundai Elantra in California hinges on a whole bunch of rating criteria like annual miles driven, if you have a coverage lapse, and blemishes on your driving record. Drivers in California will pay around $950 annually to insure a Hyundai Elantra, but that policy rate is an estimate based on cost data for a 40-year-old married female driver that purchased both comprehensive and collision coverage and $1,000 policy deductibles.

Chances are that you are not 40 years old and maybe not even female, maybe you are single instead of married, and you possibly have other drivers on your policy that need factored in. Not everyone needs the same coverages, so the best method for finding cheap insurance rates for your Hyundai is to make a habit of comparing prices at least once a year.

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Your vehicle’s trim level will most likely have an effect on the cost of coverage, so the rate you will pay to insure a Elantra GLS Touring Station Wagon trim level will be $86 lower than the cost to insure the more costly Elantra SE Touring Station Wagon version, as shown in the table below.

Hyundai Elantra Insurance Rates in California
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $158 $292 $394 $24 $118 $986 $82
Elantra Blue 4-Dr Sedan $158 $418 $464 $28 $138 $1,206 $101
Elantra GLS 4-Dr Sedan $182 $418 $464 $28 $138 $1,230 $103
Elantra SE 4-Dr Sedan $182 $418 $464 $28 $138 $1,230 $103
Elantra SE Touring Station Wagon $182 $354 $394 $24 $118 $1,072 $89
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Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Price estimates do not factor in your specific California location which can lower or raise prices significantly.

Choosing a high-quality auto insurance company is hard considering how many companies sell insurance in California. The company information listed below can help you select which insurers to look at comparing rates from. The ratings below are only made up of large nationwide companies, so companies that have a smaller presence will not be included in the list.

California Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
AAA of Southern California 91 94 97 92% A+ 94.1
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Mercury Insurance 88 91 90 85% A+ 89.4
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Insure.com Best Car Insurance Companies

Rate difference between full and liability-only coverage

Finding the cheapest insurance for a Hyundai Elantra in California is probably important to most people, and an easy way to pay less for insurance is to only buy liability insurance. The illustration below compares insurance prices with full coverage compared to only the California minimum liability coverage. The rates are based on no driving violations, no at-fault accidents, $250 deductibles, drivers are single, and no policy discounts are applied.

As an overall average, comprehensive and collision coverage on your policy costs an extra $2,314 per year over and above liability coverage. Many of you may wonder if full coverage is worth the money. There is no set rule that works best for making the decision to drop full coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your vehicle’s replacement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $4,000 after you pay the deductible. If it’s costing you more than $400 a year for full coverage, then it might be time to consider dropping full coverage.

Why you should be shopping around

California auto insurance rates are impacted by many things which can substantially change the policy premium. Getting older, getting married, or getting a speeding ticket may generate price changes that can now make some companies much cheaper than others. Not only may your risk profile change, but auto insurance companies amend premium rates multiple times each year to ensure their profitability. An extended period of higher than normal claims may cause additional premium costs, while lower claim expenses can cause cheaper Elantra insurance rates.

The graph below shows the cheapest car insurance in California for a 45-year-old female driver with no violations or accidents, and good financial standing. If we estimate prices based on her current risk profile, USAA may have the lowest car insurance rates in California at $1,121 each year. This is $530 less than the average rate paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are the rest of the cheapest California auto insurance companies.

The chart below compares rates after we give the driver in the first example a claim surcharge, a lower credit score, and a couple of points charged on her driving record. Since every insurance provider uses a different method for determining prices, comparing rates may result in a different set of companies as shown below.

Grange now has the cheapest rate in California with Mercury, Progressive, Allstate, and Allied also having competitive pricing. This demonstrates why it is critical to compare lots of rates when trying to find cheap car insurance quotes for a Hyundai Elantra. Auto insurance prices are influenced by many things and can increase or decrease at any time, so the best option a year ago may now be wasting a lot of money.

How to find cheaper auto insurance for a Hyundai Elantra

Here are many penny-pinching solutions that can help California drivers get cheap coverage.

  • Drop full coverage on older vehicles
  • Having at-fault accidents will increase rates
  • The safer your car, the less it costs to insure
  • Improve your credit rating
  • Do not get tickets
  • Higher deductibles mean lower rates
  • Check for cheaper rates once a year

The final tip is notably valuable, as was affirmed in this piece. Rates in California adjust often, so drivers shouldn’t be resistant to switch carriers if a more affordable rate is found.

Sticking with a specific company is fine, but it’s not recommended if it’s costing you money that could be used for better things. In less than five minutes you could compare prices and find cheaper car insurance for a Hyundai Elantra.