How Much Does Insurance Cost for a Hyundai Elantra in Virginia?

Your chances of buying affordable auto insurance for a Hyundai Elantra in Virginia hinges on a lot of different factors like how many miles you drive each year, if you have ever let your policy lapse, and if you have tickets or violations. Virginia drivers pay on average $640 every 12 months to insure an Elantra, but that policy rate is a ballpark figure based upon a 30-year-old married male driver that wants full coverage including both comprehensive and collision and $500 deductibles.

But there is a high probability that you are not exactly 30 years old and possibly not even male, you might be single instead of married, or you want lower deductibles. Just a slight difference in rating variables or coverage information can produce large changes in the cost of insurance.

Different coverage needs are the reason why the only way to find the most affordable coverage for your Hyundai is to compare as many rates as possible. Comparing quotes is easy and you will receive price comparisons from some of the best insurers that insure Hyundai vehicles in Virginia.

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Your vehicle’s trim level will be a contributing factor to price, so the cost to insure a Elantra GLS Touring Station Wagon trim level will be $70 cheaper than the insurance cost for the more expensive Elantra SE Touring Station Wagon version, as shown by the rates below.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Virginia minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in specific location which can lower or raise price quotes considerably.

Insuring your vehicle with a good quality car insurance company is difficult considering how many companies sell coverage in Virginia. The company rank data shown below may help you choose which auto insurers you want to consider buying from. The ratings below are for companies with a nationwide focus, so smaller companies that only insure vehicles in Virginia are not taken into consideration for the list.

Top 10 Large Auto Insurance Providers in Virginia Ranked by Claims Service

1. Travelers
2. Allstate
3. Nationwide
4. State Farm
5. GEICO
6. Liberty Mutual
7. American Family
8. Esurance
9. AAA Insurance
10. Titan Insurance

Top Companies for Hyundai Elantra Insurance in Virginia

The diagram below shows how different deductible levels can increase or decrease insurance prices when quoting cheap insurance for a Hyundai Elantra. The information is based on a married female driver, full physical damage coverage, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 1815,1653,1469,1293],[‘Age 30’, 1281,1163,1029,899],[‘Age 40’, 1263,1149,1019,895],[‘Age 50’, 1107,1007,895,789],[‘Age 60’, 1053,961,853,749],[‘Age 70’, 1129,1027,915,809]]);var options = {title: ‘Deductible Levels and Hyundai Elantra Insurance Rates in Virginia’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Hyundai Elantra’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 50-year-old driver could save $212 a year by increasing from a $100 deductible to a $500 deductible, or save $318 by using a $1,000 deductible. Young drivers, like the Age 20 category, could shave as much as $522 each year by using a higher deductible. When choosing a higher deductible, it’s a good idea to have enough savings set aside to allow you to cover the extra out-of-pocket expense associated with higher deductibles.

Shop around and save

Virginia car insurance rates are influenced by many factors that control the price you pay. Simply improving your credit, buying a different vehicle, or getting into an accident can trigger price changes that can cause some rates to be cheaper in comparison to the competition.

Not only may your situation change, but companies change the rates they charge in Virginia at least once a year in order to offset underwriting gains or losses. Heavy losses may cause more expensive premiums, while long-term profits can produce cheaper Elantra insurance rates.

For instance, the bar chart below compares the cheapest car insurance in Virginia for a 35-year-old female driver with no accidents or violations, and excellent credit. If we estimate rates based on her current risk profile, Travelers might offer the cheapest car insurance rates in Virginia at $679 each year. This is $479 less than the average rate paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Erie also make the list of the cheapest Virginia auto insurance companies.

google.charts.setOnLoadCallback(drawVAWitcqcibChart);function drawVAWitcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘Travelers’, 679, ‘#187C6B’],[‘USAA’, 695, ‘#146759’],[‘Penn National’, 748, ‘#10554A’],[‘Cincinnati Insurance’, 755, ‘#0D463D’],[‘Erie’, 780, ‘#0A3A32’]]);var options = {title: ‘Cheapest Insurance for a Hyundai Elantra’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:880,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibwitc’));chart.draw(view, options);}

The chart below compares rates after we give the driver from the first example a couple of claims, slightly worse credit, and a few traffic violations. Due to the fact that every auto insurer uses their own calculation to set their prices, comparing prices may now present a substantially altered list of affordable companies as shown below.

google.charts.setOnLoadCallback(drawVAWcqcibChart);function drawVAWcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘Utica National’, 859.1, ‘#DB7900’],[‘The Hartford’, 863.5, ‘#B66400’],[‘Virginia Farm Bureau’, 891, ‘#975300’],[‘Donegal Mutual’, 937.2, ‘#7D4500’],[‘USAA’, 1042.5, ‘#683900’]]);var options = {title: ‘Car Insurance Rates with Claims and Violations’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 300,’chartArea’:{left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1142.5,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibwc’));chart.draw(view, options);}

Utica National now has the cheapest insurance rate in Virginia with The Hartford, Virginia Farm Bureau, Donegal Mutual, and USAA completing the list. This illustrates why it is critical to spend some time comparing rates when trying to find the most affordable car insurance quotes for a Hyundai Elantra.

Prices can be altered by many different factors and can change without notice, so the most affordable company two years ago may now be quite expensive.

Cheapest Hyundai Elantra insurance quotes

Thanks to technology, drivers have a lot of ways to compare cheaper car insurance rates in Virginia, but the most common ways are using a captive (or exclusive) agency like State Farm or Allstate, an independent or non-exclusive agent, or direct from companies such as Geico or Progressive.

You can use whichever method you prefer, but it’s important to understand the differences in how they provide price quotes.

Independent insurance agencies write for multiple companies and can compare rates with all of them. They are able to give you more rates, which may give you the best chance of finding a lower price. If prices rise, your policy can be easily switched to a different company without you having to go to a different agency.

Exclusive agencies are restricted to one insurance company, two examples are Allstate or State Farm agents. Exclusive agents cannot compare other company’s rates, which does not give you the best rate comparison.

Opting to purchase car insurance direct means you skip a local insurance agent and instead shop from a direct company like Esurance. Shopping direct may be the best choice drivers who do not have a need for a risk management assessment and have some degree of understanding of the limitations of car insurance.

Which method is best to buy cheap insurance for a Hyundai Elantra in Virginia? We’d like to tell you buying direct results in the cheapest rates because there is no agent involved, but in reality, that argument does not hold true. We could also assume that going through an independent agent is the best way to go because you have more choices, but that’s not always true, either. And often times, the exclusive agents have coverage prices that are the cheapest in Virginia.

Because there are so many factors that make up car insurance rates, the guaranteed way to make sure you’re not overpaying for car insurance is to obtain price quotes and compare them. It takes a little work, but we recommend you get price quotes from independent, exclusive, and direct to give yourself enough choices. For a list of companies with cheap rates in Virginia, click here to view.

How to find cheap insurance for a Hyundai Elantra in Virginia

It is possible to find better rates, and here are some of the better money-saving solutions that can help drivers locate the cheapest car insurance.

• Having at-fault accidents will increase rates
• Save money by insuring older vehicles for liability only
• Drive safe vehicles
• Good credit scores may make rates cheaper
• Increase your comprehensive and collision deductibles
• Save money by obeying traffic laws and keeping a clean driving record
• Shop around for cheaper prices

That final tip is certainly critical, as we emphasized in this piece. Prices can be changed at any time, so drivers shouldn’t be resistant to buy a policy from a new company if a better deal can be had. Having a favorite company is great, but is isn’t recommended if that loyalty ends up costing a fortune every year. It only takes a couple minutes to compare prices to find cheaper auto insurance for a Hyundai Elantra.