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

Anytime the topic is car insurance, the word cheap should never be used as a descriptor for car insurance rates. It’s just reality that cheap auto insurance for a Hyundai Elantra can be extremely hard to find. Don’t let that ruin your day, because we can show you some ways you can find and buy auto insurance that fits into your budget.

The chances of buying cheap auto insurance for a Hyundai Elantra in Connecticut hinges on a very complex rating algorithm that uses multiple factors such as if you are a renter or homeowner, if you have a lapse in coverage, and if you have any chargeable driving offenses. Drivers in Connecticut pay an average of $1,220 a year to buy insurance for a Hyundai Elantra, but that rate is based upon a 40-year-old single male driver that purchased full physical damage coverage and $100 policy deductibles.

There is a good chance you are not exactly 40 years old and possibly not even male, maybe you are married instead of single, or you just prefer to insure for liability only. Making even small differences in rating criteria can lead to a significant difference in the amount insurance costs for a Hyundai Elantra.

Car insurance coverage is unique to each driver, so this is why the best way to find the cheapest insurance price for your Hyundai is to quote often and with as many companies as possible.

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The trim level of your vehicle will have an impact the cost of insurance, so the cost to insure a Elantra GLS Touring Station Wagon will be $146 cheaper than the cost to insure the fancier Elantra SE Touring Station Wagon model, as shown below.

Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Connecticut minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Premium amounts do not factor in Connecticut location which can decrease or increase coverage prices greatly.

Best insurance in Connecticut

Selecting a good quality insurer can be rather challenging considering how many companies sell insurance in Connecticut. The company information shown below can help you analyze which providers you want to consider buying from. The rankings below include the largest companies in the United States, so smaller companies are not taken into consideration for these rankings.

Top 10 Large Car Insurance Companies in Connecticut Ranked by Claims Service

1. Progressive
2. USAA
3. Liberty Mutual
4. GEICO
5. State Farm
6. Nationwide
7. The General
8. Allstate
9. The Hartford
10. 21st Century

Top 10 Large Car Insurance Companies Overall in Connecticut

1. The General
2. The Hartford
3. Progressive
4. Travelers
5. State Farm
6. Farmers Insurance
7. Safeco Insurance
8. USAA
9. GEICO
10. 21st Century

Top Companies for Hyundai Elantra Insurance in Connecticut

The diagram below demonstrates how deductible levels can increase or decrease insurance prices when getting quotes for cheap insurance for a Hyundai Elantra. The rates are based on a married female driver, full coverage, and no policy discounts are applied.

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As shown above, a 40-year-old driver could lower their policy premium by $308 a year by changing from a $100 deductible to a $500 deductible, or save $460 by selecting a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could shave as much as $760 or even more by choosing larger deductibles on their policy. When using a larger deductible, it will be required to have enough spare savings to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Full coverage versus liability-only

Finding cheap insurance for a Hyundai Elantra in Connecticut is important to the majority of drivers, and an effective way to find cheaper insurance is to only buy liability coverage. The diagram below shows the comparison of auto insurance rates with full coverage compared to only the Connecticut minimum liability coverage. The costs are based on no driving violations, no at-fault accidents, $250 deductibles, drivers are not married, and no discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 3429,1045],[‘Age 30’, 1785,575],[‘Age 40’, 1769,533],[‘Age 50’, 1605,499],[‘Age 60’, 1551,491],[‘Age 70’, 1877,655]]);var options = {title: ‘Full Coverage Rates Versus Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Hyundai Elantra in Connecticut’,minValue: 0,format: ‘$###,###’},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(‘qcibfcl’));chart.draw(data, options);}

If we average the cost for ages 20 through 70, full coverage on your policy costs an extra $2,003 per year more than insuring for liability only. Many people question if physical damage coverage is worth the money. There is no set rule for phasing out comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

How to get cheap insurance for a Hyundai Elantra in Connecticut

Here are a few thrifty ideas that can help drivers quote cheap coverage.

• Do not get tickets or violations
• Having too many claims will increase rates substantially
• Remove physical damage coverage on older vehicles
• Increase your comprehensive and collision deductibles
• Do not get into accidents that are your fault
• Compare prices frequently to find the best deal

The last idea is incredibly valuable, as we emphasized in the prior information. Coverage prices in Connecticut adjust often, so don’t be tentative to switch carriers if you can find a cheaper rate. Staying with the same car insurance company is fine, but it’s not a good idea if that inflexibility results in costing you lots of hard earned cash every month. In just a couple of minutes you could compare prices to find cheaper insurance for a Hyundai Elantra.

Geico, Allstate, State Farm, and Progressive compared

If you are shopping around for car insurance, the companies that insure more vehicles than anyone else are Geico, Allstate, State Farm, and Progressive. All four can cover your vehicle for liability and physical damage, but each one has unique coverages that may influence which company you choose. The following table shows ratings and policy coverage options that are available from each company.