How Much are Lexington Auto Insurance Rates for a Hyundai Elantra?

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Hyundai Elantra insurance
Hyundai Elantra insurance image courtesy of QuoteInspector.com

Finding cheaper insurance for a Hyundai Elantra can be really easy, but it is dependent upon many rating factors such as your birth date, whether or not you garage your vehicle, and blemishes on your driving record. Drivers pay on average $704 annually for Elantra insurance, but that cost is an estimation calculated using a 40-year-old married female driver with full coverage and $1,000 deductibles.

But there is a high probability that you're not a 40-year-old female, possibly single instead of married, or you just prefer to insure for liability only. Even a minor difference in the criteria used to calculate rates can result in a big discrepancy in the policy cost.

Everyone has unique insurance needs, and this illustrates why the only real way to find the cheapest insurance price for your Hyundai is to just compare rates yourself. It takes less than five minutes and you will be able to compare rates from some of the cheapest companies around.

Insure Your Hyundai for Less

The trim level of your Elantra can impact the annual cost of coverage, so the rate you pay to insure a Elantra GLS Touring Station Wagon trim level will be $64 cheaper than the insurance cost for the more expensive Elantra SE Touring Station Wagon trim level, as demonstrated by the prices below.

Hyundai Elantra Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $116 $216 $292 $18 $88 $730 $61
Elantra Blue 4-Dr Sedan $116 $308 $342 $20 $102 $888 $74
Elantra GLS 4-Dr Sedan $134 $308 $342 $20 $102 $906 $76
Elantra SE 4-Dr Sedan $134 $308 $342 $20 $102 $906 $76
Elantra SE Touring Station Wagon $134 $262 $292 $18 $88 $794 $66
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Data variables include married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Premium amounts do not factor in the specific area where the vehicle is garaged which can impact insurance rates substantially.

Deciphering which companies have the most affordable car insurance rates for a Hyundai Elantra will take a tad more effort in order to find coverage that fits your budget. Every insurance company uses a little different formula to establish rates, so we'll go over the car insurance companies with the overall cheapest rates in Lexington.

It's important that readers know that Lexington car insurance rates are based on many factors that may substantially change your annual premium. Simply improving your credit, buying a different home, or getting a few speeding tickets may generate price changes resulting in some rates now being more affordable than others.

Best Cheap Insurance Rates for Your Hyundai

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Rankings for the cheapest Kentucky auto insurance companies
Rank Company Cost Per Year
1 Cincinnati Insurance $1,126
2 Kentucky Farm Bureau $1,139
3 USAA $1,187
4 Auto-Owners $1,413
5 Motorists Mutual $1,553
6 Grange Mutual $1,561
7 Travelers $1,663
8 Westfield $1,832
9 State Farm $1,867
10 Safe Auto $1,913
11 Nationwide $2,085
12 Progressive $2,140
13 Electric $2,160
14 State Auto $2,232
15 Encompass $2,358
16 GEICO $2,413
17 Safeco $2,791
18 MetLife $3,084
19 Shelter $3,231
20 Liberty Mutual $3,598
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Cincinnati Insurance has some of the most affordable car insurance rates in Lexington at around $1,126 per year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also qualify as some of the most economical Lexington, KY insurance companies.

In the above rates, if you currently have a policy with Auto-Owners and switched to Cincinnati Insurance, you could see savings of approximately $287. Insureds with Motorists Mutual could save as much as $427 a year, and Grange Mutual insureds might reduce prices by as much as $435 a year.

Remember that these policy prices are averages for all types of insureds and vehicles and and are not calculated with a specific zip code for a Hyundai Elantra. So the company that can offer you the best price may not even be in the top 21 companies shown above. That's why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

The diagram below illustrates how choosing a deductible can affect insurance prices when searching for cheap insurance for a Hyundai Elantra. The premiums are based on a single female driver, comp and collision included, and no discounts are applied.

The data above shows that a 50-year-old driver could lower their car insurance rates by $352 a year by switching from a $100 deductible up to a $500 deductible, or save $528 by selecting a $1,000 deductible. Youthful drivers, like the Age 20 chart data, can cut $898 every year by choosing a larger deductible amount.

When increasing deductibles, it's a good idea to have additional funds squirreled away to be able to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Comparing rates on Elantra insurance can save you money

Kentucky car insurance rates are impacted by many factors that will increase or decrease the policy price. Turning one year older, having a teenage driver, or getting caught speeding may cause policy rate changes resulting in some companies being cheaper in comparison to the competition. Also, car insurance companies change premium rates without warning to adjust for heavy claims or excess profits. Significantly higher losses can result in increased rates, while profitable underwriting may cause cheaper Elantra insurance rates.

The graph below shows the companies that have the cheapest car insurance in Lexington, KY for a 35-year-old male driver with a clear driving record, no claims, and a good credit history. When quoting prices based on his current risk profile, Cincinnati Insurance has the lowest car insurance rates in Lexington at $1,190 a year. This is $953 less than the average rate paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual round out the rest of the cheapest Lexington, KY auto insurance companies.

Now let's give the driver from the first set of rates a claim surcharge, a lower credit score, and a few blemishes on his driving record. Since each company has their own unique process for determining prices, comparing quotes may result in a slightly different list of the cheapest Lexington car insurance companies as shown below.

USAA now has the cheapest insurance rate in Lexington with Travelers, Kentucky Farm Bureau, State Farm, and Westfield also having competitive pricing. This example shows why it is crucial to compare as many rates as possible when trying to find cheap auto insurance rates for a Hyundai Elantra.

Insurance prices can be determined by many different factors and change dramatically, so the cheapest option the last time you checked may now cost much more than other companies.