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

Our staff writers always rib each other than when writing about car insurance, the word “cheap” shouldn’t be used anywhere in the article as a descriptor for car insurance rates. It’s just reality that cheap car insurance for a Hyundai Elantra can be hard to find. But fear not, because we are going to show you some ways you can get coverage that is more budget-friendly.

Buying the cheapest car insurance for a Hyundai Elantra in Massachusetts is contingent on many rating factors such as whether you are married or single, if you have ever let your coverage lapse, and driving citations. Drivers in Massachusetts will pay around $740 a year for Elantra insurance, but that amount is a projection assuming a 50-year-old married male that has full coverage and $500 deductibles.

It’s more than likely that you are not exactly 50 years old and possibly not even male, maybe you are single instead of married, or maybe you prefer to not insure for full coverage. Auto insurance requires individual risk assessment, so the most reliable way to find cheap insurance rates for your Hyundai is to compare as many rates as possible.

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The specific model of Elantra can impact the cost of coverage, so the price you pay to insure a Elantra GLS Touring Station Wagon model will be $74 cheaper than the price to insure the higher-end Elantra SE Touring Station Wagon model, as shown in the prices below.

Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Prices do not factor in Massachusetts location which can revise premium rates significantly.

Selecting a good quality insurance provider can be challenging considering how many companies there are in Massachusetts. The company ratings displayed below can help you pick which auto insurance companies to look at when buying insurance for a Hyundai Elantra.

The rankings below only include the largest companies in the United States, so smaller regional companies are not factored into these rankings. To get rate quotes from these and other companies in Massachusetts, click here.

Top 10 Large Auto Insurers Overall in Massachusetts

1. The Hartford
2. Progressive
3. Travelers
4. State Farm
5. Farmers Insurance
6. Safeco Insurance
7. USAA
8. GEICO
9. Liberty Mutual
10. AAA Insurance

Top Companies for Hyundai Elantra Insurance in Massachusetts

Types of discounts on Massachusetts insurance

Insurers that provide cheap insurance for a Hyundai Elantra in Massachusetts may provide discounts that may potentially lower prices by as much as 40% or more if you meet specific criteria. Larger car insurance companies and a partial list of their discounts are detailed below.

The information below shows the difference between auto insurance costs with and without discounts applied. The premiums assume a male driver, no accidents or driving violations, Massachusetts state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multiple policy, marriage, accident-free, vehicle safety, passive restraint, and homeowner discounts applied. When taking advantage of discounts, the the amount saved on car insurance for a Hyundai Elantra is 13% or $254.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 2963,2125],[‘Age 30’, 1525,1101],[‘Age 40’, 1501,1081],[‘Age 50’, 1373,991],[‘Age 60’, 1333,961],[‘Age 70’, 1663,1195]]);var options = {title: ‘Effect of Discounts on Insurance Price for a Hyundai Elantra’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

The example below shows how choosing a deductible can affect premium costs when researching cheap insurance for a Hyundai Elantra. The prices are based on a single male driver, full coverage, and no discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 4235,3833,3401,2995],[‘Age 30’, 2149,1965,1757,1555],[‘Age 40’, 2153,1957,1735,1527],[‘Age 50’, 1955,1779,1583,1395],[‘Age 60’, 1889,1719,1533,1353],[‘Age 70’, 2289,2095,1883,1683]]);var options = {title: ‘Impact of Deductible Levels on Hyundai Elantra Insurance Rates in Massachusetts’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Hyundai Elantra’,minValue: 0,format: ‘$###,###’},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);}

As shown above, a 30-year-old driver could pocket $418 a year by switching from a $100 deductible to a $500 deductible, or save $626 by switching to a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, could potentially save as much as $1,240 annually just by using higher deductibles.

If you do decide to increase your deductibles, it will be important to have additional savings on hand to allow you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.