Finding cheap car insurance for a Hyundai Elantra in Texas can be really easy, but it is dependent upon many rating factors such as your gender, your credit rating, and any prior driving offenses you have. Texas drivers pay around $952 a year for Elantra insurance, but that figure is based on a 30-year-old married male driver with both comprehensive and collision coverage and $500 deductibles.
There’s a high likelihood you aren’t exactly 30 years old or even a male, maybe you are single instead of married, and maybe you want higher deductibles. Auto insurance is unique to each driver, so the only real way to find the cheapest rates for your Hyundai is to do the rate comparisons yourself. It only takes a few minutes and you will be able to see rates from some of the cheapest companies available.
The trim level of your Elantra can impact the annual cost of coverage, so the price you will be charged to insure a Elantra GLS Touring Station Wagon trim level will be $104 cheaper than the price to insure the higher-priced Elantra SE Touring Station Wagon model, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $208 | $328 | $324 | $20 | $96 | $976 | $81 |
| Elantra Blue 4-Dr Sedan | $208 | $472 | $382 | $22 | $114 | $1,198 | $100 |
| Elantra GLS 4-Dr Sedan | $240 | $472 | $382 | $22 | $114 | $1,230 | $103 |
| Elantra SE 4-Dr Sedan | $240 | $472 | $382 | $22 | $114 | $1,230 | $103 |
| Elantra SE Touring Station Wagon | $240 | $400 | $324 | $20 | $96 | $1,080 | $90 |
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Premium amounts do not factor in vehicle location which can affect insurance rates greatly.
Deciding which companies quote the lowest-priced auto insurance rates for a Hyundai Elantra calls for a little more sweat in order to find the lowest price quote. Each insurer has a proprietary formula to determine rates, so we will examine the most budget-friendly auto insurance companies in Fort Worth.
Cheap Insurance Rates for Your Hyundai
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,010 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,199 |
| 4 | Germania Mutual | $1,294 |
| 5 | California Casualty | $1,396 |
| 6 | Esurance | $1,407 |
| 7 | State Farm | $1,510 |
| 8 | Mercury | $1,521 |
| 9 | Safe Auto | $1,597 |
| 10 | Nationwide | $1,600 |
| 11 | Progressive | $1,647 |
| 12 | Allstate | $1,650 |
| 13 | Amica | $1,705 |
| 14 | Home State | $2,092 |
| 15 | GEICO | $2,135 |
| 16 | MetLife | $2,183 |
| 17 | Encompass | $2,255 |
| 18 | Unitrin | $2,264 |
| 19 | 21st Century | $2,494 |
| 20 | Titan | $2,594 |
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Travelers generally has some of the lowest car insurance rates in Fort Worth at around $1,010 a year. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also make the cut as some of the cheapest Fort Worth, TX car insurance companies.
As illustrated above, if you buy coverage from California Casualty and switched to USAA, you might see an annual savings of in the neighborhood of $312. Texas drivers with Esurance may save as much as $323 a year, and State Farm insureds might reduce prices by as much as $426 a year.
Remember that these policy prices are averaged across all drivers and vehicles in Texas and do not take into consideration a specific zip code for a Hyundai Elantra. So the insurer that has the cheapest price for you may not even be in the top 23 companies in the list above. That underscores the importance of why you need to compare as many prices as possible using your own specific driver information and vehicle.
Do you need full coverage?
Buying cheaper auto insurance is important to most people, and one of the quickest ways to lower the cost of insurance for a Hyundai Elantra is to not buy comprehensive and collision coverage. The diagram below shows the difference between insurance costs with full physical damage coverage and with liability coverage only. The prices are based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.
As an average, full coverage on your policy costs an additional $1,993 per year more than just buying liability only. That is a big expense that brings up the question when is the right time to remove full coverage. There is no clear-cut formula to eliminate comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
There are a few cases where eliminating full coverage is not advised. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not consider dropping full coverage.
How accidents and violations affect rates
In a perfect world, the best way to get the cheapest auto insurance prices in Texas for an Elantra is to be a careful driver and have a clean driving record. The diagram below highlights how traffic violations and at-fault claims increase car insurance rates for each different age group. Data assumes a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied to the premium.
The data charted above shows the average cost of car insurance in Fort Worth per year with a clean driving record and no accidents is $1,899. Get two speeding tickets and the average cost surges to $2,535, an increase of $636 each year. Now throw in one accident along with the two speeding tickets and the 12-month cost of auto insurance for a Hyundai Elantra increases to an average of $3,191. That’s an increase of $1,292, or $108 per month, just for not driving attentively!
Types of discounts on Fort Worth insurance
Car insurance companies that offer quotes for a Hyundai Elantra may provide policy discounts that may potentially lower prices by 40% or more if you are eligible. A list of auto insurance companies and a partial list of their discounts are:
- State Farm policyholders can earn discounts including anti-theft, safe vehicle, multiple policy, driver’s education, and Drive Safe & Save.
- Nationwide includes discounts for good student, business or organization, Farm Bureau membership, defensive driving, multi-policy, and anti-theft.
- GEICO may offer discounts for air bags, anti-theft, multi-vehicle, federal employee, anti-lock brakes, and five-year accident-free.
- AAA has discounts for good driver, pay-in-full, education and occupation, multi-car, and AAA membership discount.
- 21st Century has savings for teen driver, defensive driver, 55 and older, driver training, good student, and automatic seat belts.
- The Hartford may have discounts that include bundle, vehicle fuel type, defensive driver, driver training, anti-theft, and air bag.
The example below shows the comparison of insurance premiums with and without some available policy discounts. The premiums assume a male driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with claim-free, multiple policy, vehicle safety, accident-free, defensive driving course, and passive restraint discounts applied. When these discounts are applied, theaverage yearly reduction on auto insurance for a Hyundai Elantra is 28% or $558.