Buying cheap coverage for a Hyundai Elantra depends on an enormous amount of rating factors such as how old the Elantra is, if you are a frequent claim filer, and if you have tickets or violations. Drivers will pay on average $1,141 annually to insure their Elantra, but that amount is an estimate based on a 30-year-old single female driver with full physical damage coverage and $250 deductibles.
It’s highly likely you may not be 30 years old (or even female), married instead of single, and you may just want the cheapest liability coverage you can find. Auto insurance is unique to each driver, so the only real way to find the cheapest coverage for your Hyundai is to compare rates from as many companies as possible.
Vehicle trim level will likely have an effect on the yearly cost, so the price you will pay to insure a Elantra GLS Touring Station Wagon will be $128 cheaper than the cost to insure the more well-appointed Elantra SE Touring Station Wagon model, as shown in the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Elantra GLS Touring Station Wagon | $240 | $424 | $370 | $22 | $110 | $1,166 | $97 |
| Elantra Blue 4-Dr Sedan | $240 | $608 | $434 | $26 | $130 | $1,438 | $120 |
| Elantra GLS 4-Dr Sedan | $276 | $608 | $434 | $26 | $130 | $1,474 | $123 |
| Elantra SE 4-Dr Sedan | $276 | $608 | $434 | $26 | $130 | $1,474 | $123 |
| Elantra SE Touring Station Wagon | $276 | $516 | $370 | $22 | $110 | $1,294 | $108 |
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rates do not factor in specific Albuquerque garaging location which can lower or raise coverage prices substantially.
Albuquerque car insurance companies ranked
Choosing the highest-rated insurance company can be difficult considering how many companies sell coverage in New Mexico. The company rank data listed below could help you analyze which auto insurance companies to look at shopping your coverage with.
The ratings below are only made up of companies that write coverage in many states, so smaller regional companies are not included in these rankings. To compare price quotes and find the cheapest rates for a Hyundai Elantra, follow this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
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Data Source: Insure.com Best Car Insurance Companies
Impact of violations and accidents on rates in Albuquerque
A great way to earn cheap car insurance rates in New Mexico for an Elantra is to drive cautiously and avoid accidents and keep your driving record clean. The information below illustrates how traffic citations and at-fault accidents can raise insurance costs for each different age category. The rates are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.
The chart shows that the average cost of car insurance per year with no accidents and a clean driving record is $1,970. Receive two speeding tickets and the average cost increases to $2,734, an increase of $764 each year. Now add two accidents along with the two speeding tickets and the 12-month cost of car insurance for a Hyundai Elantra goes up to an average of $5,419. That’s an increase of $3,449, or $287 per month, just for not being attentive to the road!
Get discount Albuquerque auto insurance
Insurance providers that offer quotes for a Hyundai Elantra may provide discounts that could reduce prices by as much as 40% or more if you qualify for them. Companies and some of the discounts are included below.
- Mercury Insurance discounts include location of vehicle, anti-theft, accident-free, low natural disaster claims, annual mileage, type of vehicle, and multi-car.
- Farmers Insurance may have discounts that include youthful driver, mature driver, distant student, switch companies, and electronic funds transfer.
- Farm Bureau offers discounts for safe driver, multi-vehicle, 55 and retired, driver training, youthful driver, multi-policy, and good student.
- State Farm has savings for student away at school, good driver, passive restraint, safe vehicle, and multiple autos.
- Allstate offers discounts including resident student, FullPay discount, farm vehicle, new car, safe driver, and eSmart discount.
- GEICO policyholders can earn discounts including daytime running lights, good student, membership and employees, defensive driver, seat belt use, and multi-vehicle.
The example below illustrates the comparison of car insurance rates with and without discounts. The premium estimates are based on a female driver, a clean driving record, no at-fault accidents, New Mexico state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with claim-free, passive restraint, defensive driving course, multiple policy, vehicle safety, and safe-driver discounts applied. In this example, theamount saved on car insurance for a Hyundai Elantra is 28% or $499.
Last year’s bargain might be this year’s rip off
Albuquerque, NM car insurance rates are determined by lots of factors which can substantially change the policy price. Simply getting older, increasing deductibles, or getting a couple of tickets can cause premium changes resulting in some rates now being cheaper than before. Not only may your risk profile change, but companies file new rates without warning to reflect underwriting profits or losses. Unexpectedly high claims may result in more expensive premiums, while a better loss history can result in lower-priced Elantra insurance rates.
The chart below shows which companies have the cheapest car insurance in Albuquerque, NM for a 40-year-old male driver with no prior accidents, a clean driving record, and good financial standing. If we look at prices based on his personal profile, USAA might quote the cheapest car insurance rates in Albuquerque at $893 each year. This is $675 less than the average premium paid by New Mexico drivers of $1,568. Allied, Safeco, Farm Bureau Mutual, and Farmers are the remaining best Albuquerque, NM auto insurance companies.
Let’s now give the driver in the first example some claims, a lower credit rating, and a few traffic violations. Because every insurance company has their own guidelines for determining rates, analyzing rates may now show a completely different list of the cheapest car insurance companies in Albuquerque as shown below.
USAA now has the lowest price in Albuquerque with Allied, Central Mutual, State Farm, and Safeco also having competitive pricing. This example shows why drivers need to shop around with many companies to get the lowest auto insurance rates for a Hyundai Elantra.
Auto insurance prices are determined by many things and can increase or decrease at any time, so the cheapest option the last time you shopped your coverage around may now be priced much higher than other options.
The agencies below can aid you in deciding which auto insurance coverages would be the best in your situation, since many consumers aren’t sure which coverage to buy and prefer to have some professional guidance when trying to find lower insurance rates for an Elantra. It can be time-consuming to do it yourself, so getting professional guidance from a licensed agent can give satisfaction knowing your policy gives you adequate coverage when you need it most.
To find an Albuquerque insurance agency nearest to you, click the button after the list.
Tim Gallegos – State Farm Insurance Agent
1100 Coors Blvd SW, Ste B2 – Albuquerque, NM 87121 – (505) 200-2319
Commercial West Insurance
2616 Mesilla St NE #2 – Albuquerque, NM 87110 – (505) 255-9577
Greg Shamas – State Farm Insurance Agent
9680 Eagle Ranch Rd NW #2 – Albuquerque, NM 87114 – (505) 898-3648
Stephanie Valdez – State Farm Insurance Agent
5921 Lomas Blvd NE a – Albuquerque, NM 87110 – (505) 255-8676
View map of Albuquerque, NM insurance agents
How to find economical insurance for a Hyundai Elantra
It’s not impossible to find cheaper rates, and here are some money-saving ideas that can help New Mexico drivers locate low-cost coverage.
- Be a cautious driver
- Good credit scores may make rates cheaper
- Raise deductibles
- Home or renters coverage can save on auto insurance
- Being accident-free can lower rates significantly
- If possible, pay for small claims out-of-pocket
- Compare rates once a year for cheaper prices
That last piece of advice is especially vital, as we stressed in the article above. Coverage rates can be changed at any time, so you should be ready to buy from a new company if you find a cheaper price. Many drivers prefer to stick with one company, but it’s not recommended if it’s costing you a small fortune. Now is a great time to compare rates and find cheaper auto insurance for a Hyundai Elantra in Albuquerque.