How Much is Insurance for a Hyundai Elantra in Indiana?

The chances of finding cheap insurance for a Hyundai Elantra in Indiana is contingent on a complex formula that factors things such as how safe your vehicle is, your current insurance company, and driving violations and tickets. Drivers in Indiana will pay on average $1,010 every 12 months to buy insurance for a Hyundai Elantra, but that policy rate is an approximation that rates a 40-year-old single female that includes full coverage and $100 physical damage deductibles.

There’s a high likelihood you are not 40 and possibly not even female, maybe you are married instead of single, and you need different coverage limits than the sample rates. Every driver has different characteristics, so your best chance at finding cheap insurance prices for your Hyundai is to just take the time to do a thorough rate comparison.

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The specific model of Elantra will have an impact price, so the price to insure a Elantra GLS Touring Station Wagon trim level will cost $118 less than the insurance cost for the higher-priced Elantra SE Touring Station Wagon trim level, as shown below.

Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Price estimates do not factor in the specific area where the vehicle is garaged which can modify price quotes substantially.

Finding out which company quotes the cheapest auto insurance rates for a Hyundai Elantra will involve more time than just quoting one company’s rates. Each company uses a slightly different approach to determine rates, so let’s take a look at the auto insurance companies with the most affordable rates in Indiana.

It’s important to understand that Indiana auto insurance rates are calculated based on many things that will increase or decrease the price of your policy. Simply getting older, moving across town, or getting into an accident can produce rate changes resulting in some companies being cheaper than others.

Lowest Insurance Price Quotes for Your Hyundai

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Travelers generally has some of the best car insurance rates in Indiana at around $614 per year. Cincinnati Insurance, USAA, Erie, and Western Reserve also qualify as some of the lowest-priced Indiana auto insurance companies.

In the rate table above, if you have coverage with Erie and switched to Cincinnati Insurance, you may realize yearly savings of upwards of $27. Policyholders with Western Reserve may save as much as $160 a year, and Indiana Farmers Mutual policyholders might lower prices by up to $171 a year.

Understand that those rates are averages across all drivers and vehicles and do not factor in a specific rate factor for a Hyundai Elantra. So the company that has the cheapest price for you may not even be featured in the company chart above. That point stresses why you need to get quotes using your own specific driver and vehicle information.

Auto insurance rates are higher with tickets and accidents

One of the best ways to find affordable auto insurance rates in Indiana for an Elantra is to be a cautious driver and not have accidents or get tickets. The example below demonstrates how speeding tickets and at-fault collisions can affect premium costs for different age groups. The data assumes a married male driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.

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The data charted above shows the average cost of an auto insurance policy in Indiana per year with no accidents and a clean driving record is $1,755. Factor in two speeding tickets and the average cost rises to $2,435, an increase of $680 each year. Now add two accidents along with the two speeding tickets and the 12-month cost of auto insurance for a Hyundai Elantra goes up to an average of $4,783. That’s an increase of $3,028, or $252 per month, just for not driving responsibly!

Discount Indiana insurance rates

Insurance providers that provide cheap insurance for a Hyundai Elantra in Indiana may also offer discounts that could potentially reduce rates by as much as 25% or more if you are eligible to receive them. A few of the larger companies and some of their more popular discounts are shown below.

The chart below compares insurance prices with and without discounts applied. The premium estimates are based on a female driver, a clean driving record, no at-fault accidents, Indiana state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with vehicle safety, homeowner, multiple policy, multiple vehicle, marriage, and anti-theft discounts applied. When drivers take advantage of discounts, the the average amount saved on auto insurance for a Hyundai Elantra is 34% or $556.

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Find cheap insurance for a Hyundai Elantra in Indiana

It is possible to find better rates, and here are a few penny-pinching solutions that can help Indiana drivers get cheap coverage.

• Having at-fault accidents will increase rates
• Improve your credit
• Higher deductibles mean lower rates
• Maintain a clean driving record
• Buy a safer vehicle
• Full coverage is expensive so only insure older vehicles for liability only
• Compare rate quotes frequently

The final tip is certainly important, as was stressed in the prior article. Prices charged by companies change a lot, so don’t hesitate to switch companies if you find a better deal.

Many consumers stick with the same company and that’s fine, but is isn’t recommended if your bullheadedness ends up costing you a wad of cash every year. If you have a few minutes, now is a great time to compare prices and find cheaper insurance for a Hyundai Elantra.

Cheapest car insurance: State Farm, Allstate, Geico, or Progressive

When shopping around for insurance for an Elantra in Indiana, the companies with the most market share are State Farm, Allstate, Geico, and Progressive. The table below compares and contrasts some of the different features offered by each one.

Best cheap Hyundai Elantra insurance quotes

Consumers have many ways to compare auto insurance prices in Indiana, but the most common are through an independent agent, an exclusive agency like Auto-Owners or State Farm, or from a direct company like Progressive or Geico.

Each way has the same basic steps, but auto insurance buyers need to understand the differences in how they provide price quotes.

Independent agents have contracts with many companies and can do rate comparisons with each one. These agents are appointed with more than one company and can quote rates with many companies, which can give you more bang for your buck. If your agent finds better pricing, your agent can switch companies and you do not have to find a new agent.

A captive, or exclusive, agent is limited to just one company such as a State Farm or Allstate agent. Exclusive agents generally are unable to provide rate quotes from other companies, which requires you to shop around.

Buying auto insurance direct means you forego a local insurance agent and buy from a direct company like Progressive or Esurance. Buying direct may be a decent choice families who do not need high amounts of coverage and know more than average about what coverages, limits, and deductibles they need.

Out of those three methods, which one works best to buy cheap insurance for a Hyundai Elantra in Indiana? We would first guess that shopping direct results in the cheapest price because there is no agent involved, but that is not always the case. It could also be said using an independent agent is the best way due to having more companies to select from, but again, it’s not necessarily true. And often times, the exclusive agents have really good rates well below independent agents AND direct companies.

Since auto insurance rates vary so much, the one way to make sure you’re not overpaying for auto insurance is to compare, compare, and compare some more. To find the best rates, be sure to get price quotes from independent, exclusive, and direct to have enough rates to compare. For a list of companies with cheap rates in Indiana, click here to view.